Mindteck (India) (NSE:MINDTECK) Cyclically Adjusted PS Ratio: 1.40 (As of Aug. 14, 2026) — 22% Above Median

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NSE:MINDTECK Mindteck (India) Ltd NSE:MINDTECK
79 GF Score
Price ₹177.05
GF Value ₹225.23
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Mindteck (India) Cyclically Adjusted PS Ratio?

Mindteck (India) NSE:MINDTECK -1.99% 79 Cyclically Adjusted PS Ratio is 1.40 as of Aug. 14, 2026, which is 22% above its 10-year median of 1.15. GuruFocus rates NSE:MINDTECK with a GF Score™ of 79/100 and a GF Value™ of ₹225.23 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,604 Software companies, Mindteck (India) ranks better than 51.75% on this metric.

As of today (2026-08-14), Mindteck (India)'s current share price is ₹177.05. Mindteck (India)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹126.21. Mindteck (India)'s Cyclically Adjusted PS Ratio for today is 1.40.

The historical rank and industry rank for Mindteck (India)'s Cyclically Adjusted PS Ratio or its related term are showing as below:

NSE:MINDTECK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18   Med: 1.15   Max: 2.81
Current: 1.53

During the past years, Mindteck (India)'s highest Cyclically Adjusted PS Ratio was 2.81. The lowest was 0.18. And the median was 1.15.

NSE:MINDTECK's Cyclically Adjusted PS Ratio is ranked better than
51.75% of 1604 companies
in the Software industry
Industry Median: 1.67 vs NSE:MINDTECK: 1.53

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.

Mindteck (India)'s adjusted revenue per share data for the three months ended in Mar. 2026 was ₹32.523. 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 ₹126.21 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mindteck (India)  (NSE:MINDTECK) 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.


Mindteck (India) Cyclically Adjusted PS Ratio Related Terms


Mindteck (India) Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mindteck (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.

Mindteck (India) Cyclically Adjusted PS Ratio Chart

Mindteck (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 0.85 0.66 1.31 1.34 1.16

Mindteck (India) Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.34 1.92 1.83 1.62 1.16

NSE:MINDTECK vs IBM, ACN, FISV: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, Mindteck (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.


Mindteck (India) Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Mindteck (India)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Mindteck (India)'s Cyclically Adjusted PS Ratio falls into.


NSE:MINDTECK
79GF Score
Mindteck (India) Ltd NSE:MINDTECK
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mindteck (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.

Mindteck (India)'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=177.05/126.21
=1.40

* 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.

Mindteck (India)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Mindteck (India)'s adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=32.523/164.2724*164.2724
=32.523

Current CPI (Mar. 2026) = 164.2724.

Mindteck (India) Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 24.661 105.961 38.232
201609 27.923 105.961 43.289
201612 28.563 105.196 44.604
201703 26.990 105.196 42.147
201706 24.017 107.109 36.835
201709 22.129 109.021 33.344
201712 22.654 109.404 34.015
201803 23.017 109.786 34.440
201806 23.853 111.317 35.200
201809 23.298 115.142 33.239
201812 21.949 115.142 31.315
201903 19.593 118.202 27.230
201906 20.366 120.880 27.677
201909 21.428 123.175 28.577
201912 21.842 126.235 28.423
202003 20.907 124.705 27.541
202006 21.367 127.000 27.638
202009 22.596 130.118 28.527
202012 22.468 130.889 28.198
202103 22.621 131.771 28.201
202106 22.799 134.084 27.932
202109 22.739 135.847 27.497
202112 23.414 138.161 27.839
202203 22.691 138.822 26.851
202206 25.140 142.347 29.012
202209 26.021 144.661 29.549
202212 25.683 145.763 28.944
202303 27.953 146.865 31.266
202306 29.387 150.280 32.123
202309 10.890 151.492 11.809
202312 30.230 152.924 32.473
202403 30.085 153.035 32.294
202406 33.734 155.789 35.571
202409 33.742 157.882 35.108
202412 32.400 158.323 33.618
202503 32.583 157.552 33.973
202506 31.606 159.755 32.500
202509 31.726 162.289 32.114
202512 31.431 163.281 31.622
202603 32.523 164.272 32.523

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 1.40 mean?
Mindteck (India) (NSE:MINDTECK) has a Cyclically Adjusted PS Ratio of 1.40 as of Aug. 14, 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 Mindteck (India) and its competitors. This is 22% above median its historical median of 1.15. Over the past decade, Mindteck (India)'s Cyclically Adjusted PS Ratio has ranged from 0.18 to 2.81. According to the industry distribution chart, Mindteck (India) ranks #774 out of 1604 companies in the Software industry, placing it in the top 48.3%.
Is Mindteck (India)'s Cyclically Adjusted PS Ratio too high?
Mindteck (India)'s current Cyclically Adjusted PS Ratio of 1.40 is 22% above median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 2.81. The Software industry median Cyclically Adjusted PS Ratio is 1.67. Mindteck (India)'s value of 1.40 is 16.2% below this industry median. Based on the distribution chart, Mindteck (India) ranks #774 out of 1604 companies in the Software industry, which is above the industry midpoint. Overall, Mindteck (India) has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mindteck (India)'s Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Mindteck (India) ranks #774 out of 1604 companies for Cyclically Adjusted PS Ratio. This puts Mindteck (India) in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.67. Mindteck (India)'s value of 1.40 is 16.2% below this benchmark. Historically, Mindteck (India)'s own Cyclically Adjusted PS Ratio has ranged from 0.18 to 2.81 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 1.67, Mindteck (India) has consistently been below 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.67, based on 1,604 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. Mindteck (India)'s current Cyclically Adjusted PS Ratio of 1.40 is 16.2% below 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 Mindteck (India) and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mindteck (India)'s current Cyclically Adjusted PS Ratio is 1.40, which is 22% above median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mindteck (India) stock overvalued right now?
Based on GuruFocus' analysis, Mindteck (India) (NSE:MINDTECK) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹225.23, compared to a current price of ₹177.05 — trading 21.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.40, which is 22% above median its 10-year median of 1.15 and 16.2% below the Software industry median of 1.67. Mindteck (India)'s overall GF Score™ is 79/100 with 2 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 Mindteck (India) (NSE:MINDTECK), the current Cyclically Adjusted PS Ratio is 1.40 as of Aug. 14, 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 Mindteck (India) (NSE:MINDTECK) Overvalued in 2026?

Based on GuruFocus' analysis, Mindteck (India) stock appears to be undervalued. The current stock price of ₹177.05 is trading 21.4% below its estimated GF Value™ of ₹225.23. GuruFocus considers Mindteck (India) to be Modestly Undervalued.

Key valuation signals for NSE:MINDTECK:

  • Cyclically Adjusted PS Ratio: 1.40 (22% above median its 10-year median of 1.15)
  • GF Value™: ₹225.23 vs. price of ₹177.05 (21.4% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 16.2% below the Software median (#774 of 1604)

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


Mindteck (India) Business Description

Other Exchanges 517344:India
Address Hosur Main Road, No. 664, 23/24, AMR Tech Park, Block-1, 3rd Floor, Bommanahalli, Bengaluru, KA, IND, 560068
Mindteck (India) Ltd provides product engineering and information technology services to clients, startups, universities, and the government. Its operations include providing software services to external customers and providing IT-enabled services to subsidiaries within the group. The company's core offerings are Product Engineering, Application Software, Electronic Design, Testing, IT Infrastructure & Managed Services, R&D Services, Energy Management Software Solutions, and Enterprise Business Services. Geographically, the group has a business presence in the United States, India, and other countries, of which key revenue is derived from the United States.
79GF Score

Get the complete analysis for NSE:MINDTECK

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

₹177.05
Price
₹225.23
GF Value