PDS (NSE:PDSL) Cyclically Adjusted PS Ratio: 0.49 (As of Aug. 02, 2026) — 13% Below Median

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NSE:PDSL PDS Ltd NSE:PDSL
89 GF Score
Price ₹363.55
GF Value ₹470.80
Valuation Modestly Undervalued
! 7 Warning Signs
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What is PDS Cyclically Adjusted PS Ratio?

PDS NSE:PDSL +5.36% 89 Cyclically Adjusted PS Ratio is 0.49 as of Aug. 02, 2026, which is 13% below its 10-year median of 0.56. GuruFocus rates NSE:PDSL with a GF Score™ of 89/100 and a GF Value™ of ₹470.80 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 718 Business Services companies, PDS ranks better than 67.27% on this metric.

As of today (2026-08-02), PDS's current share price is ₹363.55. PDS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹745.75. PDS's Cyclically Adjusted PS Ratio for today is 0.49.

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

NSE:PDSL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.56   Max: 0.93
Current: 0.47

During the past years, PDS's highest Cyclically Adjusted PS Ratio was 0.93. The lowest was 0.36. And the median was 0.56.

NSE:PDSL's Cyclically Adjusted PS Ratio is ranked better than
67.27% of 718 companies
in the Business Services industry
Industry Median: 0.91 vs NSE:PDSL: 0.47

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.

PDS's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹248.237. 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 ₹745.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PDS  (NSE:PDSL) 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.


PDS Cyclically Adjusted PS Ratio Related Terms


PDS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PDS'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.

PDS Cyclically Adjusted PS Ratio Chart

PDS 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 0.64 0.35

PDS 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 0.64 0.59 0.45 0.51 0.35

NSE:PDSL vs CTAS, CPRT, GPN: Cyclically Adjusted PS Ratio Comparison

For the Specialty Business Services subindustry, PDS'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.


PDS Cyclically Adjusted PS Ratio vs Business Services Industry

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

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


NSE:PDSL
89GF Score
PDS Ltd NSE:PDSL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PDS 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=363.55/745.75
=0.49

* 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.

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

For example, PDS'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)
=248.237/164.2724*164.2724
=248.237

Current CPI (Mar. 2026) = 164.2724.

PDS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 83.794 105.961 129.907
201609 91.454 105.961 141.782
201612 81.659 105.196 127.517
201703 103.452 105.196 161.549
201706 79.395 107.109 121.768
201709 94.813 109.021 142.863
201712 88.177 109.404 132.400
201803 115.569 109.786 172.925
201806 101.404 111.317 149.644
201809 122.557 115.142 174.851
201812 114.547 115.142 163.424
201903 152.497 118.202 211.934
201906 117.949 120.880 160.290
201909 128.298 123.175 171.105
201912 110.386 126.235 143.647
202003 143.678 124.705 189.265
202006 74.252 127.000 96.044
202009 142.598 130.118 180.028
202012 124.831 130.889 156.669
202103 123.324 131.771 153.743
202106 123.662 134.084 151.504
202109 167.030 135.847 201.980
202112 168.702 138.161 200.586
202203 198.125 138.822 234.448
202206 175.734 142.347 202.801
202209 219.403 144.661 249.147
202212 193.584 145.763 218.166
202303 188.930 146.865 211.324
202306 159.390 150.280 174.231
202309 184.796 151.492 200.386
202312 192.924 152.924 207.240
202403 208.229 153.035 223.520
202406 196.204 155.789 206.888
202409 241.046 157.882 250.802
202412 219.908 158.323 228.172
202503 247.161 157.552 257.704
202506 210.077 159.755 216.017
202509 241.418 162.289 244.368
202512 223.087 163.281 224.442
202603 248.237 164.272 248.237

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 0.49 mean?
PDS (NSE:PDSL) has a Cyclically Adjusted PS Ratio of 0.49 as of Aug. 02, 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 PDS and its competitors. This is 13% below median its historical median of 0.56. Over the past decade, PDS's Cyclically Adjusted PS Ratio has ranged from 0.36 to 0.93. According to the industry distribution chart, PDS ranks #235 out of 718 companies in the Business Services industry, placing it in the top 32.7%.
Is PDS's Cyclically Adjusted PS Ratio too high?
PDS's current Cyclically Adjusted PS Ratio of 0.49 is 13% below median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 0.93. The Business Services industry median Cyclically Adjusted PS Ratio is 0.91. PDS's value of 0.49 is 46.2% below this industry median. Based on the distribution chart, PDS ranks #235 out of 718 companies in the Business Services industry, which is above the industry midpoint. Overall, PDS has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PDS's Cyclically Adjusted PS Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, PDS ranks #235 out of 718 companies for Cyclically Adjusted PS Ratio. This puts PDS in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. PDS's value of 0.49 is 46.2% below this benchmark. Historically, PDS's own Cyclically Adjusted PS Ratio has ranged from 0.36 to 0.93 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 0.91, PDS 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 Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.91, based on 718 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. PDS's current Cyclically Adjusted PS Ratio of 0.49 is 46.2% 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 PDS and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PDS's current Cyclically Adjusted PS Ratio is 0.49, which is 13% below median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PDS stock overvalued right now?
Based on GuruFocus' analysis, PDS (NSE:PDSL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹470.80, compared to a current price of ₹363.55 — trading 22.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.49, which is 13% below median its 10-year median of 0.56 and 46.2% below the Business Services industry median of 0.91. PDS's overall GF Score™ is 89/100 with 7 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 PDS (NSE:PDSL), the current Cyclically Adjusted PS Ratio is 0.49 as of Aug. 02, 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 PDS (NSE:PDSL) Overvalued in 2026?

Based on GuruFocus' analysis, PDS stock appears to be undervalued. The current stock price of ₹363.55 is trading 22.8% below its estimated GF Value™ of ₹470.80. GuruFocus considers PDS to be Modestly Undervalued.

Key valuation signals for NSE:PDSL:

  • Cyclically Adjusted PS Ratio: 0.49 (13% below median its 10-year median of 0.56)
  • GF Value™: ₹470.80 vs. price of ₹363.55 (22.8% below fair value)
  • GF Score™: 89/100 with 7 warning signs
  • Industry Position: 46.2% below the Business Services median (#235 of 718)

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


PDS Business Description

Other Exchanges 538730:India
Address Andheri Ghatkopar Link Road, Unit No. 971, Solitaire Corporate Park, Andheri (East), Mumbai, MH, IND, 400093
PDS Ltd is engaged in the trading of ready-to-wear apparel, providing services to group companies engaged in the export of ready-to-wear apparel and sourcing and distribution of their products. The company is also engaged in the business of holding, owning, leasing, or licensing real estate. It has three reporting segments: Sourcing, Manufacturing, PDS Ventures, and Others. The company generates maximum revenue from the Sourcing segment. Geographically, the company generates maximum revenue from its customers in the UK and Europe and the rest from North America, Asia and Middle East, India, and other regions.
89GF Score

Get the complete analysis for NSE:PDSL

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

₹363.55
Price
₹470.80
GF Value