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PNB Gilts (NSE:PNBGILTS) Cyclically Adjusted PS Ratio : 1.84 (As of Jun. 04, 2025)


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What is PNB Gilts Cyclically Adjusted PS Ratio?

As of today (2025-06-04), PNB Gilts's current share price is ₹103.06. PNB Gilts's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was ₹55.96. PNB Gilts's Cyclically Adjusted PS Ratio for today is 1.84.

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

NSE:PNBGILTS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.2   Med: 1.8   Max: 2.96
Current: 1.75

During the past years, PNB Gilts's highest Cyclically Adjusted PS Ratio was 2.96. The lowest was 1.20. And the median was 1.80.

NSE:PNBGILTS's Cyclically Adjusted PS Ratio is ranked better than
69.73% of 555 companies
in the Capital Markets industry
Industry Median: 3.7 vs NSE:PNBGILTS: 1.75

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.

PNB Gilts's adjusted revenue per share data for the three months ended in Mar. 2025 was ₹23.297. 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 ₹55.96 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


PNB Gilts Cyclically Adjusted PS Ratio Historical Data

The historical data trend for PNB Gilts'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.

* Premium members only.

PNB Gilts Cyclically Adjusted PS Ratio Chart

PNB Gilts Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.44 1.64 1.40 2.24 1.44

PNB Gilts Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.24 2.82 2.29 1.98 1.44

Competitive Comparison of PNB Gilts's Cyclically Adjusted PS Ratio

For the Capital Markets subindustry, PNB Gilts'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.


PNB Gilts's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

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

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


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PNB Gilts 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.

PNB Gilts's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=103.06/55.96
=1.84

* 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.

PNB Gilts's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, PNB Gilts's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=23.297/157.5517*157.5517
=23.297

Current CPI (Mar. 2025) = 157.5517.

PNB Gilts Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 3.937 99.841 6.213
201509 5.754 101.753 8.909
201512 5.031 102.901 7.703
201603 4.338 102.518 6.667
201606 5.464 105.961 8.124
201609 9.751 105.961 14.499
201612 9.236 105.196 13.833
201703 3.349 105.196 5.016
201706 6.560 107.109 9.649
201709 6.009 109.021 8.684
201712 1.888 109.404 2.719
201803 5.789 109.786 8.308
201806 2.308 111.317 3.267
201809 6.510 115.142 8.908
201812 11.214 115.142 15.344
201903 4.043 118.202 5.389
201906 10.756 120.880 14.019
201909 10.928 123.175 13.978
201912 12.037 126.235 15.023
202003 12.614 124.705 15.936
202006 27.302 127.000 33.870
202009 8.046 130.118 9.742
202012 17.940 130.889 21.594
202103 5.754 131.771 6.880
202106 9.995 134.084 11.744
202109 13.390 135.847 15.529
202112 7.174 138.161 8.181
202203 16.273 138.822 18.469
202206 4.595 142.347 5.086
202209 14.835 144.661 16.157
202212 15.328 145.763 16.568
202303 18.215 146.865 19.540
202306 24.643 150.280 25.835
202309 16.296 151.492 16.948
202312 20.311 152.924 20.926
202403 26.437 153.035 27.217
202406 24.469 155.789 24.746
202409 27.814 157.882 27.756
202412 17.564 158.323 17.478
202503 23.297 157.552 23.297

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.


PNB Gilts  (NSE:PNBGILTS) 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.


PNB Gilts Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of PNB Gilts's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


PNB Gilts Business Description

Traded in Other Exchanges
Address
5, Sansad Marg, New Delhi, IND, 110001
PNB Gilts Ltd is engaged in the business of dealing with government securities. The company offers Treasury-Bills/Commercial paper/ Certificates of deposit, Corporate bonds, and debentures, Government securities, Derivatives, Fixed deposits, and Mutual funds. Its primary activities include supporting government borrowing programs through the underwriting of government securities issuances and trading in a gamut of fixed-income instruments, such as government securities, treasury bills, state development loans, corporate bonds, interest rate swaps, and various money market instruments, such as certificates of deposits and commercial papers.

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