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Multi Commodity Exchange of India (NSE:MCX) Cyclically Adjusted PS Ratio : 61.13 (As of May. 22, 2025)


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What is Multi Commodity Exchange of India Cyclically Adjusted PS Ratio?

As of today (2025-05-22), Multi Commodity Exchange of India's current share price is ₹6370.00. Multi Commodity Exchange of India's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was ₹104.21. Multi Commodity Exchange of India's Cyclically Adjusted PS Ratio for today is 61.13.

The historical rank and industry rank for Multi Commodity Exchange of India's Cyclically Adjusted PS Ratio or its related term are showing as below:

NSE:MCX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 24.71   Med: 46.26   Max: 71.41
Current: 61.89

During the past years, Multi Commodity Exchange of India's highest Cyclically Adjusted PS Ratio was 71.41. The lowest was 24.71. And the median was 46.26.

NSE:MCX's Cyclically Adjusted PS Ratio is ranked worse than
97.5% of 559 companies
in the Capital Markets industry
Industry Median: 3.61 vs NSE:MCX: 61.89

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Multi Commodity Exchange of India's adjusted revenue per share data for the three months ended in Mar. 2025 was ₹57.122. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ₹104.21 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Multi Commodity Exchange of India Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Multi Commodity Exchange of India's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Multi Commodity Exchange of India Cyclically Adjusted PS Ratio Chart

Multi Commodity Exchange of India Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 38.34 50.97

Multi Commodity Exchange of India Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.34 42.73 58.41 61.63 50.97

Competitive Comparison of Multi Commodity Exchange of India's Cyclically Adjusted PS Ratio

For the Financial Data & Stock Exchanges subindustry, Multi Commodity Exchange of India's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Multi Commodity Exchange of India's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Multi Commodity Exchange of India's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Multi Commodity Exchange of India's Cyclically Adjusted PS Ratio falls into.


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Multi Commodity Exchange of India Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Multi Commodity Exchange of India's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6370.00/104.21
=61.13

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Multi Commodity Exchange of India's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Multi Commodity Exchange of India's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=57.122/157.5517*157.5517
=57.122

Current CPI (Mar. 2025) = 157.5517.

Multi Commodity Exchange of India Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201606 12.385 105.961 18.415
201609 12.839 105.961 19.090
201612 13.482 105.196 20.192
201703 12.281 105.196 18.393
201706 11.636 107.109 17.116
201709 13.221 109.021 19.106
201712 12.348 109.404 17.782
201803 13.868 109.786 19.902
201806 14.315 111.317 20.261
201809 13.971 115.142 19.117
201812 15.133 115.142 20.707
201903 15.935 118.202 21.240
201906 16.702 120.880 21.769
201909 20.960 123.175 26.810
201912 18.494 126.235 23.082
202003 19.025 124.705 24.036
202006 14.348 127.000 17.800
202009 23.507 130.118 28.463
202012 19.815 130.889 23.851
202103 10.775 131.771 12.883
202106 17.212 134.084 20.224
202109 16.353 135.847 18.966
202112 17.593 138.161 20.062
202203 13.551 138.822 15.379
202206 21.359 142.347 23.640
202209 25.029 144.661 27.259
202212 28.203 145.763 30.484
202303 13.238 146.865 14.201
202306 28.620 150.280 30.005
202309 32.381 151.492 33.676
202312 37.590 152.924 38.727
202403 35.938 153.035 36.999
202406 45.957 155.789 46.477
202409 55.993 157.882 55.876
202412 59.093 158.323 58.805
202503 57.122 157.552 57.122

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Multi Commodity Exchange of India  (NSE:MCX) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Multi Commodity Exchange of India Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Multi Commodity Exchange of India's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Multi Commodity Exchange of India Business Description

Traded in Other Exchanges
Address
Suren Road, Exchange Square, Chakala, Andheri (East), Mumbai, MH, IND, 400093
Multi Commodity Exchange of India Ltd is an India-based deemed Stock Exchange recognized under the Securities Contracts (Regulation) Act, 1956. The company facilitates online trading, and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management. The company is a demutualized Exchange and has permanent recognition from the Government of India to facilitate nationwide online trading, clearing, and settlement operations of commodity derivatives. The company derives its revenues from transaction fees, admission fees, annual subscription fees, terminal charges, connectivity income, interest income, dividends from and gains on the sale of investments and other miscellaneous income.

Multi Commodity Exchange of India Headlines

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