Mahindra Holidays & Resorts India (NSE:MHRIL) Cyclically Adjusted PS Ratio: 1.62 (As of Aug. 13, 2026) — 34% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:MHRIL Mahindra Holidays & Resorts India Ltd NSE:MHRIL
55 GF Score
Price ₹224.88
GF Value ₹378.57
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Mahindra Holidays & Resorts India Cyclically Adjusted PS Ratio?

Mahindra Holidays & Resorts India NSE:MHRIL -0.31% 55 Cyclically Adjusted PS Ratio is 1.62 as of Aug. 13, 2026, which is 34% below its 10-year median of 2.44. GuruFocus rates NSE:MHRIL with a GF Score™ of 55/100 and a GF Value™ of ₹378.57 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 671 Travel & Leisure companies, Mahindra Holidays & Resorts India ranks worse than 58.42% on this metric.

As of today (2026-08-13), Mahindra Holidays & Resorts India's current share price is ₹224.88. Mahindra Holidays & Resorts India's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹139.07. Mahindra Holidays & Resorts India's Cyclically Adjusted PS Ratio for today is 1.62.

The historical rank and industry rank for Mahindra Holidays & Resorts India's Cyclically Adjusted PS Ratio or its related term are showing as below:

NSE:MHRIL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.58   Med: 2.44   Max: 3.06
Current: 1.63

During the past years, Mahindra Holidays & Resorts India's highest Cyclically Adjusted PS Ratio was 3.06. The lowest was 1.58. And the median was 2.44.

NSE:MHRIL's Cyclically Adjusted PS Ratio is ranked worse than
58.42% of 671 companies
in the Travel & Leisure industry
Industry Median: 1.34 vs NSE:MHRIL: 1.63

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.

Mahindra Holidays & Resorts India's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹36.368. 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 ₹139.07 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mahindra Holidays & Resorts India  (NSE:MHRIL) 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.


Mahindra Holidays & Resorts India Cyclically Adjusted PS Ratio Related Terms


Mahindra Holidays & Resorts India Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mahindra Holidays & Resorts 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.

Mahindra Holidays & Resorts India Cyclically Adjusted PS Ratio Chart

Mahindra Holidays & Resorts India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 2.20 1.65

Mahindra Holidays & Resorts India Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.56 2.64 2.29 1.65 1.71

NSE:MHRIL vs LVS, MGM, WYNN: Cyclically Adjusted PS Ratio Comparison

For the Resorts & Casinos subindustry, Mahindra Holidays & Resorts 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.


Mahindra Holidays & Resorts India Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Mahindra Holidays & Resorts India's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Mahindra Holidays & Resorts India's Cyclically Adjusted PS Ratio falls into.


NSE:MHRIL
55GF Score
Mahindra Holidays & Resorts India Ltd NSE:MHRIL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mahindra Holidays & Resorts 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.

Mahindra Holidays & Resorts India's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=224.88/139.07
=1.62

* 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.

Mahindra Holidays & Resorts India's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Mahindra Holidays & Resorts India's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=36.368/166.1454*166.1454
=36.368

Current CPI (Jun. 2026) = 166.1454.

Mahindra Holidays & Resorts India Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201203 0.000 76.889 0.000
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
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 24.577 111.317 36.682
201809 25.330 115.142 36.550
201812 29.964 115.142 43.237
201903 24.087 118.202 33.857
201906 31.020 120.880 42.636
201909 27.904 123.175 37.638
201912 29.396 126.235 38.690
202003 23.804 124.705 31.714
202006 14.745 127.000 19.290
202009 24.093 130.118 30.764
202012 28.892 130.889 36.674
202103 20.334 131.771 25.639
202106 18.515 134.084 22.942
202109 27.239 135.847 33.314
202112 27.826 138.161 33.462
202203 22.040 138.822 26.378
202206 30.106 142.347 35.139
202209 29.724 144.661 34.138
202212 29.861 145.763 34.037
202303 29.636 146.865 33.527
202306 33.921 150.280 37.502
202309 32.546 151.492 35.694
202312 31.617 152.924 34.350
202403 33.117 153.035 35.954
202406 32.130 155.789 34.266
202409 33.115 157.882 34.848
202412 33.689 158.323 35.354
202503 38.578 157.552 40.682
202506 34.754 159.755 36.144
202509 35.758 162.289 36.608
202512 37.106 163.281 37.757
202603 40.663 164.272 41.127
202606 36.368 166.145 36.368

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.

What does a Cyclically Adjusted PS Ratio of 1.62 mean?
Mahindra Holidays & Resorts India (NSE:MHRIL) has a Cyclically Adjusted PS Ratio of 1.62 as of Aug. 13, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Mahindra Holidays & Resorts India and its competitors. This is 34% below median its historical median of 2.44. Over the past decade, Mahindra Holidays & Resorts India's Cyclically Adjusted PS Ratio has ranged from 1.58 to 3.06. According to the industry distribution chart, Mahindra Holidays & Resorts India ranks #392 out of 671 companies in the Travel & Leisure industry, placing it in the top 58.4%.
Is Mahindra Holidays & Resorts India's Cyclically Adjusted PS Ratio too high?
Mahindra Holidays & Resorts India's current Cyclically Adjusted PS Ratio of 1.62 is 34% below median its 10-year median of 2.44. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 3.06. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.34. Mahindra Holidays & Resorts India's value of 1.62 is 20.9% above this industry median. Based on the distribution chart, Mahindra Holidays & Resorts India ranks #392 out of 671 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Mahindra Holidays & Resorts India has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mahindra Holidays & Resorts India's Cyclically Adjusted PS Ratio compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Mahindra Holidays & Resorts India ranks #392 out of 671 companies for Cyclically Adjusted PS Ratio. This places Mahindra Holidays & Resorts India in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.34. Mahindra Holidays & Resorts India's value of 1.62 is 20.9% above this benchmark. Historically, Mahindra Holidays & Resorts India's own Cyclically Adjusted PS Ratio has ranged from 1.58 to 3.06 over the past decade. While the company's 10-year median is 2.44 vs. the industry median of 1.34, Mahindra Holidays & Resorts India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.34, based on 671 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mahindra Holidays & Resorts India's current Cyclically Adjusted PS Ratio of 1.62 is 20.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Mahindra Holidays & Resorts India and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahindra Holidays & Resorts India's current Cyclically Adjusted PS Ratio is 1.62, which is 34% below median its own 10-year median of 2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahindra Holidays & Resorts India stock overvalued right now?
Based on GuruFocus' analysis, Mahindra Holidays & Resorts India (NSE:MHRIL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹378.57, compared to a current price of ₹224.88 — trading 40.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.62, which is 34% below median its 10-year median of 2.44 and 20.9% above the Travel & Leisure industry median of 1.34. Mahindra Holidays & Resorts India's overall GF Score™ is 55/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Mahindra Holidays & Resorts India (NSE:MHRIL), the current Cyclically Adjusted PS Ratio is 1.62 as of Aug. 13, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mahindra Holidays & Resorts India (NSE:MHRIL) Overvalued in 2026?

Based on GuruFocus' analysis, Mahindra Holidays & Resorts India stock appears to be undervalued. The current stock price of ₹224.88 is trading 40.6% below its estimated GF Value™ of ₹378.57. GuruFocus considers Mahindra Holidays & Resorts India to be Possible Value Trap.

Key valuation signals for NSE:MHRIL:

  • Cyclically Adjusted PS Ratio: 1.62 (34% below median its 10-year median of 2.44)
  • GF Value™: ₹378.57 vs. price of ₹224.88 (40.6% below fair value)
  • GF Score™: 55/100 with 5 warning signs
  • Industry Position: 20.9% above the Travel & Leisure median (#392 of 671)

No single metric tells the full story. See the NSE:MHRIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mahindra Holidays & Resorts India Business Description

Other Exchanges 533088:India
Address Dr. G.M. Bhosle Marg, P.K. Kurne Chowk, Mahindra Towers, 1st Floor, A Wing, Worli, Mumbai, MH, IND, 400 018
Mahindra Holidays & Resorts India Ltd is a resort and casino company that operates timeshares. The company's operating segment includes Mahindra Holidays and Resorts India Limited (MHRIL) and Holiday Club Resorts Oy (HCRO). The business sells family-based timeshares and has a variety of vacation options, such as water sports, adventure sports, hobby programs, and camping. It has a network of resorts that have beaches, wildlife sanctuaries, and cultural landmarks.
55GF Score

Get the complete analysis for NSE:MHRIL

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹224.88
Price
₹378.57
GF Value