Motilal Oswal Financial Services (NSE:MOTILALOFS) Cyclically Adjusted PS Ratio: 10.62 (As of Jul. 25, 2026) — 64% Above Median

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NSE:MOTILALOFS Motilal Oswal Financial Services Ltd NSE:MOTILALOFS
93 GF Score
Price ₹871.95
GF Value ₹1,060.28
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Motilal Oswal Financial Services Cyclically Adjusted PS Ratio?

Motilal Oswal Financial Services NSE:MOTILALOFS -7.26% 93 Cyclically Adjusted PS Ratio is 10.62 as of Jul. 25, 2026, which is 64% above its 10-year median of 6.48. GuruFocus rates NSE:MOTILALOFS with a GF Score™ of 93/100 and a GF Value™ of ₹1,060.28 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 605 Capital Markets companies, Motilal Oswal Financial Services ranks worse than 85.29% on this metric.

As of today (2026-07-25), Motilal Oswal Financial Services's current share price is ₹871.95. Motilal Oswal Financial Services's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹82.11. Motilal Oswal Financial Services's Cyclically Adjusted PS Ratio for today is 10.62.

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

NSE:MOTILALOFS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.29   Med: 6.48   Max: 17.19
Current: 10.6

During the past years, Motilal Oswal Financial Services's highest Cyclically Adjusted PS Ratio was 17.19. The lowest was 3.29. And the median was 6.48.

NSE:MOTILALOFS's Cyclically Adjusted PS Ratio is ranked worse than
85.29% of 605 companies
in the Capital Markets industry
Industry Median: 3.31 vs NSE:MOTILALOFS: 10.60

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.

Motilal Oswal Financial Services's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹37.699. 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 ₹82.11 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Motilal Oswal Financial Services  (NSE:MOTILALOFS) 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.


Motilal Oswal Financial Services Cyclically Adjusted PS Ratio Related Terms


Motilal Oswal Financial Services Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Motilal Oswal Financial Services'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.

Motilal Oswal Financial Services Cyclically Adjusted PS Ratio Chart

Motilal Oswal Financial Services 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 5.93 3.47 7.84 9.60 8.07

Motilal Oswal Financial Services 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 12.96 12.67 11.65 8.07 11.59

NSE:MOTILALOFS vs MS, GS, SCHW: Cyclically Adjusted PS Ratio Comparison

For the Capital Markets subindustry, Motilal Oswal Financial Services'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.


Motilal Oswal Financial Services Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Motilal Oswal Financial Services's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Motilal Oswal Financial Services's Cyclically Adjusted PS Ratio falls into.


NSE:MOTILALOFS
93GF Score
Motilal Oswal Financial Services Ltd NSE:MOTILALOFS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Motilal Oswal Financial Services 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.

Motilal Oswal Financial Services's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=871.95/82.11
=10.62

* 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.

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

For example, Motilal Oswal Financial Services'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)
=37.699/166.1454*166.1454
=37.699

Current CPI (Jun. 2026) = 166.1454.

Motilal Oswal Financial Services Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.686 105.961 13.620
201612 7.296 105.196 11.523
201703 9.093 105.196 14.361
201706 10.165 107.109 15.768
201709 12.030 109.021 18.333
201712 13.995 109.404 21.253
201803 5.829 109.786 8.821
201806 10.008 111.317 14.937
201809 10.094 115.142 14.565
201812 9.410 115.142 13.578
201903 9.802 118.202 13.778
201906 9.284 120.880 12.761
201909 9.698 123.175 13.081
201912 9.724 126.235 12.798
202003 10.397 124.705 13.852
202006 9.333 127.000 12.210
202009 11.033 130.118 14.088
202012 11.263 130.889 14.297
202103 13.584 131.771 17.128
202106 12.910 134.084 15.997
202109 15.763 135.847 19.279
202112 16.774 138.161 20.172
202203 16.139 138.822 19.316
202206 15.072 142.347 17.592
202209 16.663 144.661 19.138
202212 17.535 145.763 19.987
202303 15.106 146.865 17.089
202306 19.476 150.280 21.532
202309 22.722 151.492 24.920
202312 22.906 152.924 24.886
202403 21.350 153.035 23.179
202406 27.809 155.789 29.658
202409 32.193 157.882 33.878
202412 28.723 158.323 30.142
202503 26.832 157.552 28.296
202506 27.406 159.755 28.502
202509 30.036 162.289 30.750
202512 30.827 163.281 31.368
202603 56.129 164.272 56.769
202606 37.699 166.145 37.699

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 10.62 mean?
Motilal Oswal Financial Services (NSE:MOTILALOFS) has a Cyclically Adjusted PS Ratio of 10.62 as of Jul. 25, 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 Motilal Oswal Financial Services and its competitors. This is 64% above median its historical median of 6.48. Over the past decade, Motilal Oswal Financial Services' Cyclically Adjusted PS Ratio has ranged from 3.29 to 17.19. According to the industry distribution chart, Motilal Oswal Financial Services ranks #516 out of 605 companies in the Capital Markets industry, placing it in the top 85.3%.
Is Motilal Oswal Financial Services' Cyclically Adjusted PS Ratio too high?
Motilal Oswal Financial Services' current Cyclically Adjusted PS Ratio of 10.62 is 64% above median its 10-year median of 6.48. Over the past 10 years, this metric has ranged from a low of 3.29 to a high of 17.19. The Capital Markets industry median Cyclically Adjusted PS Ratio is 3.31. Motilal Oswal Financial Services' value of 10.62 is 220.8% above this industry median. Based on the distribution chart, Motilal Oswal Financial Services ranks #516 out of 605 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Motilal Oswal Financial Services has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Motilal Oswal Financial Services' Cyclically Adjusted PS Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Motilal Oswal Financial Services ranks #516 out of 605 companies for Cyclically Adjusted PS Ratio. This places Motilal Oswal Financial Services in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.31. Motilal Oswal Financial Services' value of 10.62 is 220.8% above this benchmark. Historically, Motilal Oswal Financial Services' own Cyclically Adjusted PS Ratio has ranged from 3.29 to 17.19 over the past decade. While the company's 10-year median is 6.48 vs. the industry median of 3.31, Motilal Oswal Financial Services 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 Capital Markets company?
The median Cyclically Adjusted PS Ratio among Capital Markets companies is 3.31, based on 605 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. Motilal Oswal Financial Services's current Cyclically Adjusted PS Ratio of 10.62 is 220.8% 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 Motilal Oswal Financial Services and its competitors. For the Capital Markets industry, the median Cyclically Adjusted PS Ratio is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Motilal Oswal Financial Services's current Cyclically Adjusted PS Ratio is 10.62, which is 64% above median its own 10-year median of 6.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Motilal Oswal Financial Services stock overvalued right now?
Based on GuruFocus' analysis, Motilal Oswal Financial Services (NSE:MOTILALOFS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,060.28, compared to a current price of ₹871.95 — trading 17.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 10.62, which is 64% above median its 10-year median of 6.48 and 220.8% above the Capital Markets industry median of 3.31. Motilal Oswal Financial Services' overall GF Score™ is 93/100 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 Motilal Oswal Financial Services (NSE:MOTILALOFS), the current Cyclically Adjusted PS Ratio is 10.62 as of Jul. 25, 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 Motilal Oswal Financial Services (NSE:MOTILALOFS) Overvalued in 2026?

Based on GuruFocus' analysis, Motilal Oswal Financial Services stock appears to be undervalued. The current stock price of ₹871.95 is trading 17.8% below its estimated GF Value™ of ₹1,060.28. GuruFocus considers Motilal Oswal Financial Services to be Modestly Undervalued.

Key valuation signals for NSE:MOTILALOFS:

  • Cyclically Adjusted PS Ratio: 10.62 (64% above median its 10-year median of 6.48)
  • GF Value™: ₹1,060.28 vs. price of ₹871.95 (17.8% below fair value)
  • GF Score™: 93/100 with 5 warning signs
  • Industry Position: 220.8% above the Capital Markets median (#516 of 605)

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


Motilal Oswal Financial Services Business Description

Other Exchanges 532892:India
Address Rahimtullah Sayani Road, Motilal Oswal Tower, Opposite Parel ST Depot, Prabhadevi, Mumbai, MH, IND, 400025
Motilal Oswal Financial Services Ltd provides a range of financial services, including private wealth management, retail broking and distribution, institutional broking, asset management, investment banking, private equity, commodity broking, and home finance. The group majorly generates revenue through its broking operations. Its broking and distribution segment offers research-based advisory services to help retail customers across India make investment decisions. The services cover various asset classes and investment types, such as mutual funds and insurance products.
93GF Score

Get the complete analysis for NSE:MOTILALOFS

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

₹871.95
Price
₹1,060.28
GF Value