MMTC (NSE:MMTC) Cyclically Adjusted PS Ratio: 0.59 (As of Jul. 18, 2026) — Near 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:MMTC MMTC Ltd NSE:MMTC
63 GF Score
Price ₹63.52
GF Value ₹62.89
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is MMTC Cyclically Adjusted PS Ratio?

MMTC NSE:MMTC -1.06% 63 Cyclically Adjusted PS Ratio is 0.59 as of Jul. 18, 2026, which is 4% above its 10-year median of 0.57. GuruFocus rates NSE:MMTC with a GF Score™ of 63/100 and a GF Value™ of ₹62.89 (Fairly Valued). The stock has 2 warning signs investors should review. Among 474 Conglomerates companies, MMTC ranks better than 56.96% on this metric.

As of today (2026-07-18), MMTC's current share price is ₹63.52. MMTC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹108.56. MMTC's Cyclically Adjusted PS Ratio for today is 0.59.

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

NSE:MMTC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.57   Max: 0.72
Current: 0.58

During the past years, MMTC's highest Cyclically Adjusted PS Ratio was 0.72. The lowest was 0.40. And the median was 0.57.

NSE:MMTC's Cyclically Adjusted PS Ratio is ranked better than
56.96% of 474 companies
in the Conglomerates industry
Industry Median: 0.79 vs NSE:MMTC: 0.58

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.

MMTC's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹0.004. 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 ₹108.56 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MMTC  (NSE:MMTC) 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.


MMTC Cyclically Adjusted PS Ratio Related Terms


MMTC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for MMTC'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.

MMTC Cyclically Adjusted PS Ratio Chart

MMTC 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 0.44 0.48

MMTC 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 0.44 0.62 0.56 0.60 0.48

NSE:MMTC vs HON, MMM: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, MMTC'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.


MMTC Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, MMTC's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where MMTC's Cyclically Adjusted PS Ratio falls into.


NSE:MMTC
63GF Score
MMTC Ltd NSE:MMTC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MMTC 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.

MMTC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=63.52/108.56
=0.59

* 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.

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

For example, MMTC'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)
=0.004/164.2724*164.2724
=0.004

Current CPI (Mar. 2026) = 164.2724.

MMTC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201103 0.000 70.768 0.000
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 34.088 111.317 50.304
201809 50.327 115.142 71.801
201812 63.108 115.142 90.036
201903 40.884 118.202 56.819
201906 46.788 120.880 63.584
201909 44.918 123.175 59.905
201912 58.096 126.235 75.601
202003 24.349 124.705 32.075
202006 15.992 127.000 20.685
202009 45.650 130.118 57.633
202012 77.174 130.889 96.857
202103 61.952 131.771 77.233
202106 32.630 134.084 39.976
202109 15.391 135.847 18.612
202112 15.387 138.161 18.295
202203 11.323 138.822 13.399
202206 10.047 142.347 11.594
202209 3.636 144.661 4.129
202212 5.085 145.763 5.731
202303 4.715 146.865 5.274
202306 1.463 150.280 1.599
202309 -1.416 151.492 -1.535
202312 0.005 152.924 0.005
202403 0.003 153.035 0.003
202406 0.004 155.789 0.004
202409 0.010 157.882 0.010
202412 0.001 158.323 0.001
202503 0.001 157.552 0.001
202506 0.009 159.755 0.009
202509 0.007 162.289 0.007
202512 0.002 163.281 0.002
202603 0.004 164.272 0.004

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 0.59 mean?
MMTC (NSE:MMTC) has a Cyclically Adjusted PS Ratio of 0.59 as of Jul. 18, 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 MMTC and its competitors. This is near median its historical median of 0.57. Over the past decade, MMTC's Cyclically Adjusted PS Ratio has ranged from 0.40 to 0.72. According to the industry distribution chart, MMTC ranks #204 out of 474 companies in the Conglomerates industry, placing it in the top 43%.
Is MMTC's Cyclically Adjusted PS Ratio too high?
MMTC's current Cyclically Adjusted PS Ratio of 0.59 is near median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 0.72. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.79. MMTC's value of 0.59 is 25.3% below this industry median. Based on the distribution chart, MMTC ranks #204 out of 474 companies in the Conglomerates industry, which is above the industry midpoint. Overall, MMTC has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MMTC's Cyclically Adjusted PS Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, MMTC ranks #204 out of 474 companies for Cyclically Adjusted PS Ratio. This puts MMTC in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.79. MMTC's value of 0.59 is 25.3% below this benchmark. Historically, MMTC's own Cyclically Adjusted PS Ratio has ranged from 0.40 to 0.72 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.79, MMTC 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.79, based on 474 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. MMTC's current Cyclically Adjusted PS Ratio of 0.59 is 25.3% 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 MMTC and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MMTC's current Cyclically Adjusted PS Ratio is 0.59, which is near median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MMTC stock overvalued right now?
Based on GuruFocus' analysis, MMTC (NSE:MMTC) is currently considered Fairly Valued. The stock's GF Value™ is ₹62.89, compared to a current price of ₹63.52 — trading 1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.59, which is near median its 10-year median of 0.57 and 25.3% below the Conglomerates industry median of 0.79. MMTC's overall GF Score™ is 63/100 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 MMTC (NSE:MMTC), the current Cyclically Adjusted PS Ratio is 0.59 as of Jul. 18, 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 MMTC (NSE:MMTC) Overvalued in 2026?

Based on GuruFocus' analysis, MMTC stock appears to be overvalued. The current stock price of ₹63.52 is trading 1% above its estimated GF Value™ of ₹62.89. GuruFocus considers MMTC to be Fairly Valued.

Key valuation signals for NSE:MMTC:

  • Cyclically Adjusted PS Ratio: 0.59 (near median its 10-year median of 0.57)
  • GF Value™: ₹62.89 vs. price of ₹63.52 (1% above fair value)
  • GF Score™: 63/100 with 2 warning signs
  • Industry Position: 25.3% below the Conglomerates median (#204 of 474)

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


MMTC Business Description

Other Exchanges 513377:India
Address Lodi Road, Core-1, Scope Complex, 7 Institutional Area, New Delhi, IND, 110003
MMTC Ltd is an India-based trading company engaged in the export of Minerals and import of Precious Metals, Non-ferrous metals, Fertilizers, Agro Products, coal and hydrocarbon etc. The company's trade activities span across various countries in Asia, Europe, Africa, Middle East, Latin America and North America. Its primary business segments comprise Minerals, Precious Metals, Metals, Agro Products, Coal and Hydrocarbon, Fertilizers, and others.
63GF Score

Get the complete analysis for NSE:MMTC

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

₹63.52
Price
₹62.89
GF Value