Oil Country Tubular (NSE:OILCOUNTUB) Cyclically Adjusted PS Ratio: 6.94 (As of Aug. 06, 2026) — 237% 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:OILCOUNTUB Oil Country Tubular Ltd NSE:OILCOUNTUB
29 GF Score
Price ₹60.84
! 3 Warning Signs
View Full Analysis

What is Oil Country Tubular Cyclically Adjusted PS Ratio?

Oil Country Tubular NSE:OILCOUNTUB +4.91% 29 Cyclically Adjusted PS Ratio is 6.94 as of Aug. 06, 2026, which is 237% above its 10-year median of 2.06. GuruFocus rates NSE:OILCOUNTUB with a GF Score™ of 29/100. The stock has 3 warning signs investors should review. Among 708 Oil & Gas companies, Oil Country Tubular ranks worse than 92.94% on this metric.

As of today (2026-08-06), Oil Country Tubular's current share price is ₹60.84. Oil Country Tubular's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹8.77. Oil Country Tubular's Cyclically Adjusted PS Ratio for today is 6.94.

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

NSE:OILCOUNTUB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.07   Med: 2.06   Max: 7.55
Current: 6.5

During the past years, Oil Country Tubular's highest Cyclically Adjusted PS Ratio was 7.55. The lowest was 0.07. And the median was 2.06.

NSE:OILCOUNTUB's Cyclically Adjusted PS Ratio is ranked worse than
92.94% of 708 companies
in the Oil & Gas industry
Industry Median: 1.055 vs NSE:OILCOUNTUB: 6.50

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.

Oil Country Tubular's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹3.347. 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 ₹8.77 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Oil Country Tubular  (NSE:OILCOUNTUB) 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.


Oil Country Tubular Cyclically Adjusted PS Ratio Related Terms


Oil Country Tubular Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Oil Country Tubular'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.

Oil Country Tubular Cyclically Adjusted PS Ratio Chart

Oil Country Tubular 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 0.39 1.63 5.58 4.35

Oil Country Tubular 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 6.86 5.54 5.96 4.35 6.82

NSE:OILCOUNTUB vs SLB, BKR, FTI: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Oil Country Tubular'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.


Oil Country Tubular Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Oil Country Tubular's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:OILCOUNTUB
29GF Score
Oil Country Tubular Ltd NSE:OILCOUNTUB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Oil Country Tubular 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.

Oil Country Tubular's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=60.84/8.77
=6.94

* 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.

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

For example, Oil Country Tubular'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)
=3.347/166.1454*166.1454
=3.347

Current CPI (Jun. 2026) = 166.1454.

Oil Country Tubular Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.314 105.961 0.492
201612 0.850 105.196 1.342
201703 0.526 105.196 0.831
201706 0.331 107.109 0.513
201709 0.441 109.021 0.672
201712 0.290 109.404 0.440
201803 1.467 109.786 2.220
201806 2.601 111.317 3.882
201809 1.489 115.142 2.149
201812 1.220 115.142 1.760
201903 0.303 118.202 0.426
201906 1.784 120.880 2.452
201909 0.463 123.175 0.625
201912 0.129 126.235 0.170
202003 -0.117 124.705 -0.156
202006 0.000 127.000 0.000
202009 0.163 130.118 0.208
202012 0.000 130.889 0.000
202103 0.322 131.771 0.406
202106 0.000 134.084 0.000
202109 0.000 135.847 0.000
202112 0.000 138.161 0.000
202203 0.000 138.822 0.000
202206 0.000 142.347 0.000
202209 0.000 144.661 0.000
202212 0.028 145.763 0.032
202303 0.012 146.865 0.014
202306 0.047 150.280 0.052
202309 0.171 151.492 0.188
202312 1.351 152.924 1.468
202403 2.551 153.035 2.770
202406 5.634 155.789 6.009
202409 5.047 157.882 5.311
202412 9.277 158.323 9.735
202503 7.654 157.552 8.071
202506 5.162 159.755 5.368
202509 1.933 162.289 1.979
202512 1.081 163.281 1.100
202603 5.736 164.272 5.801
202606 3.347 166.145 3.347

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 6.94 mean?
Oil Country Tubular (NSE:OILCOUNTUB) has a Cyclically Adjusted PS Ratio of 6.94 as of Aug. 06, 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 Oil Country Tubular and its competitors. This is 237% above median its historical median of 2.06. Over the past decade, Oil Country Tubular's Cyclically Adjusted PS Ratio has ranged from 0.07 to 7.55. According to the industry distribution chart, Oil Country Tubular ranks #658 out of 708 companies in the Oil & Gas industry, placing it in the top 92.9%.
Is Oil Country Tubular's Cyclically Adjusted PS Ratio too high?
Oil Country Tubular's current Cyclically Adjusted PS Ratio of 6.94 is 237% above median its 10-year median of 2.06. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 7.55. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.06. Oil Country Tubular's value of 6.94 is 557.8% above this industry median. Based on the distribution chart, Oil Country Tubular ranks #658 out of 708 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Oil Country Tubular has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Oil Country Tubular's Cyclically Adjusted PS Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Oil Country Tubular ranks #658 out of 708 companies for Cyclically Adjusted PS Ratio. This places Oil Country Tubular in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.06. Oil Country Tubular's value of 6.94 is 557.8% above this benchmark. Historically, Oil Country Tubular's own Cyclically Adjusted PS Ratio has ranged from 0.07 to 7.55 over the past decade. While the company's 10-year median is 2.06 vs. the industry median of 1.06, Oil Country Tubular 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 Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.06, based on 708 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. Oil Country Tubular's current Cyclically Adjusted PS Ratio of 6.94 is 557.8% 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 Oil Country Tubular and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oil Country Tubular's current Cyclically Adjusted PS Ratio is 6.94, which is 237% above median its own 10-year median of 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oil Country Tubular stock overvalued right now?
Oil Country Tubular (NSE:OILCOUNTUB) has a current Cyclically Adjusted PS Ratio of 6.94. The current Cyclically Adjusted PS Ratio is 6.94, which is 237% above median its 10-year median of 2.06 and 557.8% above the Oil & Gas industry median of 1.06. Oil Country Tubular's overall GF Score™ is 29/100 with 3 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 Oil Country Tubular (NSE:OILCOUNTUB), the current Cyclically Adjusted PS Ratio is 6.94 as of Aug. 06, 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.

Oil Country Tubular Business Description

Industry EnergyOil & Gas
Other Exchanges 500313:India
Address King Kothi Road, KAMINENI, 3rd Floor, Hyderabad, TG, IND, 500001
Oil Country Tubular Ltd is an Indian firm. It is engaged in the business of manufacturing of Casing, Tubing, and Drill Pipe which are used in the Oil and Gas Sector for the drilling and exploration of Oil and Gas. Its product and service offerings are Drill Pipe, Heavy Weight Drill Pipe, Drill Collars, Kellys, Internal Plastic Coating of Drill Pipe and Tubing, and Field Inspection of Tubulars. It serves domestically and exports to Indonesia. It generates maximum revenue by providing OCTG services.
29GF Score

Get the complete analysis for NSE:OILCOUNTUB

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

₹60.84
Price