Pidilite Industries (NSE:PIDILITIND) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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:PIDILITIND Pidilite Industries Ltd NSE:PIDILITIND
97 GF Score
Price ₹1,572.10
GF Value ₹1,784.59
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Pidilite Industries Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pidilite Industries  (NSE:PIDILITIND) 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.


Pidilite Industries Cyclically Adjusted PS Ratio Related Terms


Pidilite Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Pidilite Industries'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.

Pidilite Industries Cyclically Adjusted PS Ratio Chart

Pidilite Industries 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 16.58 14.05 16.30 14.18 11.61

Pidilite Industries 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 14.63 13.65 13.51 11.47 13.71

NSE:PIDILITIND vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Pidilite Industries'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.


Pidilite Industries Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Pidilite Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:PIDILITIND
97GF Score
Pidilite Industries Ltd NSE:PIDILITIND
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pidilite Industries 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.

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

For example, Pidilite Industries'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)
=44.607/167.3573*167.3573
=44.607

Current CPI (Jun. 2026) = 167.3573.

Pidilite Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 13.753 105.961 21.722
201612 13.013 105.196 20.703
201703 12.633 105.196 20.098
201706 14.911 107.109 23.298
201709 14.917 109.021 22.899
201712 15.044 109.404 23.013
201803 14.603 109.786 22.261
201806 18.058 111.317 27.149
201809 17.301 115.142 25.147
201812 18.188 115.142 26.436
201903 16.135 118.202 22.845
201906 19.830 120.880 27.455
201909 17.782 123.175 24.160
201912 18.940 126.235 25.110
202003 15.200 124.705 20.399
202006 8.638 127.000 11.383
202009 18.504 130.118 23.800
202012 22.609 130.889 28.908
202103 21.976 131.771 27.911
202106 19.057 134.084 23.786
202109 25.842 135.847 31.836
202112 28.047 138.161 33.974
202203 24.662 138.822 29.731
202206 30.505 142.347 35.865
202209 29.620 144.661 34.267
202212 29.486 145.763 33.854
202303 26.415 146.865 30.101
202306 32.180 150.280 35.837
202309 30.248 151.492 33.416
202312 30.770 152.924 33.674
202403 28.527 153.035 31.197
202406 33.359 155.789 35.836
202409 31.740 157.882 33.645
202412 33.054 158.323 34.940
202503 30.828 157.552 32.747
202506 36.810 159.755 38.562
202509 34.855 162.289 35.943
202512 36.378 163.281 37.286
202603 35.137 164.272 35.797
202606 44.607 167.357 44.607

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.

Is Pidilite Industries (NSE:PIDILITIND) Overvalued in 2026?

Based on GuruFocus' analysis, Pidilite Industries stock appears to be undervalued. The current stock price of ₹1,572.10 is trading 11.9% below its estimated GF Value™ of ₹1,784.59. GuruFocus considers Pidilite Industries to be Modestly Undervalued.

Key valuation signals for NSE:PIDILITIND:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹1,784.59 vs. price of ₹1,572.10 (11.9% below fair value)
  • GF Score™: 97/100 with 1 warning sign

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


Pidilite Industries Business Description

Other Exchanges 500331:India
Address 4V89+5V8, Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri East, Mumbai, MH, IND, 400059
Pidilite Industries Ltd manufactures and sells paints, adhesives, and sealants in two segments based on the customer: The Branded Consumer & Bazaar segment, which generates the majority of revenue, sells adhesives and sealants, construction and paint chemicals, art and craft materials, and others. These products are widely used by carpenters, painters, plumbers, mechanics, households, students, offices, etc. The Business to Business segment sells industrial products such as industrial adhesives, resins, and organic pigments and preparations, etc., and caters to various industries like packaging, joineries, textiles, paints, printing inks, paper, leather, etc. Pidilite Industries sells its products through dealers and distribution networks. The vast majority of its revenue comes from India.
97GF Score

Get the complete analysis for NSE:PIDILITIND

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

₹1,572.10
Price
₹1,784.59
GF Value