PPAP Automotive (NSE:PPAP) Cyclically Adjusted PS Ratio: (As of Aug. 17, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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NSE:PPAP PPAP Automotive Ltd NSE:PPAP
71 GF Score
Price ₹291.90
GF Value ₹229.95
Valuation Modestly Overvalued
! 4 Warning Signs
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What is PPAP Automotive Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


PPAP Automotive  (NSE:PPAP) 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.


PPAP Automotive Cyclically Adjusted PS Ratio Related Terms


PPAP Automotive Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PPAP Automotive'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.

PPAP Automotive Cyclically Adjusted PS Ratio Chart

PPAP Automotive 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 0.64 0.49 0.51 0.45 0.47

PPAP Automotive 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 0.66 0.57 0.58 0.47 0.00

NSE:PPAP vs ORLY, AZO: Cyclically Adjusted PS Ratio Comparison

For the Auto Parts subindustry, PPAP Automotive'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.


PPAP Automotive Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, PPAP Automotive's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:PPAP
71GF Score
PPAP Automotive Ltd NSE:PPAP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PPAP Automotive 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.

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

For example, PPAP Automotive'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)
=110.211/167.3573*167.3573
=110.211

Current CPI (Jun. 2026) = 167.3573.

PPAP Automotive Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 51.271 102.901 83.387
201603 66.480 102.518 108.526
201606 57.929 105.961 91.494
201609 58.329 105.961 92.126
201703 0.000 105.196 0.000
201709 69.615 109.021 106.865
201803 0.000 109.786 0.000
201806 71.261 111.317 107.136
201809 84.713 115.142 123.129
201812 66.807 115.142 97.103
201903 65.924 118.202 93.339
201906 65.817 120.880 91.123
201909 60.894 123.175 82.736
201912 56.265 126.235 74.594
202003 72.540 124.705 97.350
202006 12.630 127.000 16.643
202009 59.284 130.118 76.251
202012 76.637 130.889 97.990
202103 80.485 131.771 102.221
202106 56.242 134.084 70.198
202109 75.589 135.847 93.122
202112 81.405 138.161 98.608
202203 85.011 138.822 102.485
202206 89.010 142.347 104.649
202209 91.198 144.661 105.506
202212 90.802 145.763 104.254
202303 91.527 146.865 104.298
202306 83.033 150.280 92.469
202309 107.079 151.492 118.293
202312 87.427 152.924 95.678
202403 92.684 153.035 101.358
202406 82.411 155.789 88.531
202409 102.468 157.882 108.617
202412 98.000 158.323 103.592
202503 104.146 157.552 110.628
202506 82.674 159.755 86.608
202509 90.104 162.289 92.918
202512 105.055 163.281 107.678
202603 123.275 164.272 125.590
202606 110.211 167.357 110.211

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 PPAP Automotive (NSE:PPAP) Overvalued in 2026?

Based on GuruFocus' analysis, PPAP Automotive stock appears to be overvalued. The current stock price of ₹291.90 is trading 26.9% above its estimated GF Value™ of ₹229.95. GuruFocus considers PPAP Automotive to be Modestly Overvalued.

Key valuation signals for NSE:PPAP:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹229.95 vs. price of ₹291.90 (26.9% above fair value)
  • GF Score™: 71/100 with 4 warning signs

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


PPAP Automotive Business Description

Other Exchanges 532934:India
Address Sector-81, B-206A, Phase-II, Noida, UP, IND, 201305
PPAP Automotive Ltd is an Indian company specializing in the manufacturing of automotive sealing systems, interior and exterior automotive parts using plastic and rubber extrusion and plastic injection molding technologies. It serves many automotive OEMs in passenger vehicles, two-wheelers, and commercial vehicle segments. The company operates manufacturing facilities across key automotive hubs in India, including Noida, Surajpur, Chennai, Pathredi, and Viramgam. PPAP also develops high-precision plastic injection toolings and has expanded into lithium-ion battery pack solutions for electric two-wheelers and three-wheelers.
71GF Score

Get the complete analysis for NSE:PPAP

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

₹291.90
Price
₹229.95
GF Value