Modison (NSE:MODISONLTD) Cyclically Adjusted PS Ratio: 2.87 (As of Aug. 22, 2026) — 113% Above 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:MODISONLTD Modison Ltd NSE:MODISONLTD
79 GF Score
Price ₹387.15
GF Value ₹280.85
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Modison Cyclically Adjusted PS Ratio?

Modison NSE:MODISONLTD -4.63% 79 Cyclically Adjusted PS Ratio is 2.87 as of Aug. 22, 2026, which is 113% above its 10-year median of 1.35. GuruFocus rates NSE:MODISONLTD with a GF Score™ of 79/100 and a GF Value™ of ₹280.85 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,284 Industrial Products companies, Modison ranks worse than 67.08% on this metric.

As of today (2026-08-22), Modison's current share price is ₹387.15. Modison's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹135.12. Modison's Cyclically Adjusted PS Ratio for today is 2.87.

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

NSE:MODISONLTD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.8   Med: 1.35   Max: 2.85
Current: 2.85

During the past years, Modison's highest Cyclically Adjusted PS Ratio was 2.85. The lowest was 0.80. And the median was 1.35.

NSE:MODISONLTD's Cyclically Adjusted PS Ratio is ranked worse than
67.08% of 2284 companies
in the Industrial Products industry
Industry Median: 1.825 vs NSE:MODISONLTD: 2.85

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.

Modison's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹83.351. 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 ₹135.12 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Modison  (NSE:MODISONLTD) 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.


Modison Cyclically Adjusted PS Ratio Related Terms


Modison Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Modison'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.

Modison Cyclically Adjusted PS Ratio Chart

Modison 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 1.16 1.12 0.91

Modison 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 1.50 1.37 1.28 0.91 2.20

NSE:MODISONLTD vs VRT, BE: Cyclically Adjusted PS Ratio Comparison

For the Electrical Equipment & Parts subindustry, Modison'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.


Modison Cyclically Adjusted PS Ratio vs Industrial Products Industry

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

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


NSE:MODISONLTD
79GF Score
Modison Ltd NSE:MODISONLTD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Modison 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=387.15/135.12
=2.87

* 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.

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

For example, Modison'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)
=83.351/167.3573*167.3573
=83.351

Current CPI (Jun. 2026) = 167.3573.

Modison Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201309 13.351 91.042 24.542
201312 13.223 91.425 24.205
201403 15.124 91.425 27.685
201406 11.614 94.103 20.655
201409 14.164 96.780 24.493
201412 13.630 96.780 23.570
201503 13.925 97.163 23.985
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201903 0.000 118.202 0.000
201906 14.953 120.880 20.702
201909 16.679 123.175 22.662
201912 18.085 126.235 23.976
202003 17.677 124.705 23.723
202006 12.483 127.000 16.450
202009 21.082 130.118 27.116
202012 25.938 130.889 33.165
202103 31.991 131.771 40.631
202106 21.324 134.084 26.616
202109 29.514 135.847 36.360
202112 22.743 138.161 27.549
202203 30.682 138.822 36.989
202206 27.627 142.347 32.481
202209 24.271 144.661 28.079
202212 23.838 145.763 27.370
202303 26.879 146.865 30.630
202306 26.508 150.280 29.520
202309 29.954 151.492 33.091
202312 33.322 152.924 36.467
202403 34.673 153.035 37.918
202406 35.491 155.789 38.126
202409 37.844 157.882 40.115
202412 37.334 158.323 39.464
202503 40.113 157.552 42.610
202506 41.275 159.755 43.239
202509 44.694 162.289 46.090
202512 44.267 163.281 45.372
202603 88.504 164.272 90.166
202606 83.351 167.357 83.351

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 2.87 mean?
Modison (NSE:MODISONLTD) has a Cyclically Adjusted PS Ratio of 2.87 as of Aug. 22, 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 Modison and its competitors. This is 113% above median its historical median of 1.35. Over the past decade, Modison's Cyclically Adjusted PS Ratio has ranged from 0.80 to 2.85. According to the industry distribution chart, Modison ranks #1532 out of 2284 companies in the Industrial Products industry, placing it in the top 67.1%.
Is Modison's Cyclically Adjusted PS Ratio too high?
Modison's current Cyclically Adjusted PS Ratio of 2.87 is 113% above median its 10-year median of 1.35. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 2.85. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.83. Modison's value of 2.87 is 57.3% above this industry median. Based on the distribution chart, Modison ranks #1532 out of 2284 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Modison has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Modison's Cyclically Adjusted PS Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Modison ranks #1532 out of 2284 companies for Cyclically Adjusted PS Ratio. This places Modison in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.83. Modison's value of 2.87 is 57.3% above this benchmark. Historically, Modison's own Cyclically Adjusted PS Ratio has ranged from 0.80 to 2.85 over the past decade. While the company's 10-year median is 1.35 vs. the industry median of 1.83, Modison 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 an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.83, based on 2,284 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. Modison's current Cyclically Adjusted PS Ratio of 2.87 is 57.3% 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 Modison and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modison's current Cyclically Adjusted PS Ratio is 2.87, which is 113% above median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modison stock overvalued right now?
Based on GuruFocus' analysis, Modison (NSE:MODISONLTD) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹280.85, compared to a current price of ₹387.15 — trading 37.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.87, which is 113% above median its 10-year median of 1.35 and 57.3% above the Industrial Products industry median of 1.83. Modison's overall GF Score™ is 79/100 with 4 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 Modison (NSE:MODISONLTD), the current Cyclically Adjusted PS Ratio is 2.87 as of Aug. 22, 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 Modison (NSE:MODISONLTD) Overvalued in 2026?

Based on GuruFocus' analysis, Modison stock appears to be overvalued. The current stock price of ₹387.15 is trading 37.8% above its estimated GF Value™ of ₹280.85. GuruFocus considers Modison to be Significantly Overvalued.

Key valuation signals for NSE:MODISONLTD:

  • Cyclically Adjusted PS Ratio: 2.87 (113% above median its 10-year median of 1.35)
  • GF Value™: ₹280.85 vs. price of ₹387.15 (37.8% above fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 57.3% above the Industrial Products median (#1532 of 2284)

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


Modison Business Description

Other Exchanges 506261:India
Address 33 Nariman Bhavan, 227 Nariman Point, Mumbai, MH, IND, 400021
Modison Ltd is an India-based holding company. It is a manufacturer of Electrical contacts in all three segments, LV, MV & HV. Its products are Electrical Contacts that include Low Voltage Electrical Contacts, Medium & High Voltage Electrical Contacts, Precious Metal Compounds; Silver Bullion; and Value Added Services. The company operates in the manufacturing of electrical contacts segment. The majority of its revenue is earned through the Indian market, and it also has a presence in various other countries.
79GF Score

Get the complete analysis for NSE:MODISONLTD

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

₹387.15
Price
₹280.85
GF Value