Pulz Electronics (NSE:PULZ) Cyclically Adjusted PS Ratio: 1.63 (As of Aug. 20, 2026) — 57% Below Median

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NSE:PULZ Pulz Electronics Ltd NSE:PULZ
77 GF Score
Price ₹23.50
GF Value ₹39.82
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Pulz Electronics Cyclically Adjusted PS Ratio?

Pulz Electronics NSE:PULZ +4.91% 77 Cyclically Adjusted PS Ratio is 1.63 as of Aug. 20, 2026, which is 57% below its 10-year median of 3.79. GuruFocus rates NSE:PULZ with a GF Score™ of 77/100 and a GF Value™ of ₹39.82 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,974 Hardware companies, Pulz Electronics ranks worse than 52.94% on this metric.

As of today (2026-08-20), Pulz Electronics's current share price is ₹23.50. Pulz Electronics's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was ₹14.44. Pulz Electronics's Cyclically Adjusted PS Ratio for today is 1.63.

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

NSE:PULZ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.56   Med: 3.79   Max: 9.11
Current: 1.56

During the past 13 years, Pulz Electronics's highest Cyclically Adjusted PS Ratio was 9.11. The lowest was 1.56. And the median was 3.79.

NSE:PULZ's Cyclically Adjusted PS Ratio is ranked worse than
52.94% of 1974 companies
in the Hardware industry
Industry Median: 1.41 vs NSE:PULZ: 1.56

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.

Pulz Electronics's adjusted revenue per share data of for the fiscal year that ended in Mar26 was ₹15.524. 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 ₹14.44 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pulz Electronics  (NSE:PULZ) 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.


Pulz Electronics Cyclically Adjusted PS Ratio Related Terms


Pulz Electronics Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Pulz Electronics'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.

Pulz Electronics Cyclically Adjusted PS Ratio Chart

Pulz Electronics Annual Data
Trend Mar16 Mar17 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 2.15 5.25 3.15 1.54

Pulz Electronics Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 5.25 0.00 3.15 0.00 1.54

NSE:PULZ vs AAPL: Cyclically Adjusted PS Ratio Comparison

For the Consumer Electronics subindustry, Pulz Electronics'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.


Pulz Electronics Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Pulz Electronics's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:PULZ
77GF Score
Pulz Electronics Ltd NSE:PULZ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pulz Electronics 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.

Pulz Electronics's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=23.50/14.44
=1.63

* 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.

Pulz Electronics's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Pulz Electronics's adjusted Revenue per Share data for the fiscal year that ended in Mar26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar26 (Change)*Current CPI (Mar26)
=15.524/164.2724*164.2724
=15.524

Current CPI (Mar26) = 164.2724.

Pulz Electronics Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201603 5.954 102.518 9.541
201703 6.312 105.196 9.857
201903 11.004 118.202 15.293
202003 14.297 124.705 18.833
202103 4.134 131.771 5.154
202203 9.036 138.822 10.693
202303 20.569 146.865 23.007
202403 17.406 153.035 18.684
202503 17.117 157.552 17.847
202603 15.524 164.272 15.524

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 1.63 mean?
Pulz Electronics (NSE:PULZ) has a Cyclically Adjusted PS Ratio of 1.63 as of Aug. 20, 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 Pulz Electronics and its competitors. This is 57% below median its historical median of 3.79. Over the past decade, Pulz Electronics' Cyclically Adjusted PS Ratio has ranged from 1.56 to 9.11. According to the industry distribution chart, Pulz Electronics ranks #1045 out of 1974 companies in the Hardware industry, placing it in the top 52.9%.
Is Pulz Electronics' Cyclically Adjusted PS Ratio too high?
Pulz Electronics' current Cyclically Adjusted PS Ratio of 1.63 is 57% below median its 10-year median of 3.79. Over the past 10 years, this metric has ranged from a low of 1.56 to a high of 9.11. The Hardware industry median Cyclically Adjusted PS Ratio is 1.41. Pulz Electronics' value of 1.63 is 15.6% above this industry median. Based on the distribution chart, Pulz Electronics ranks #1045 out of 1974 companies in the Hardware industry, which is below the industry midpoint. Overall, Pulz Electronics has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pulz Electronics' Cyclically Adjusted PS Ratio compare to AAPL?
According to the Hardware industry distribution chart, Pulz Electronics ranks #1045 out of 1974 companies for Cyclically Adjusted PS Ratio. This places Pulz Electronics in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.41. Pulz Electronics' value of 1.63 is 15.6% above this benchmark. Historically, Pulz Electronics' own Cyclically Adjusted PS Ratio has ranged from 1.56 to 9.11 over the past decade. While the company's 10-year median is 3.79 vs. the industry median of 1.41, Pulz Electronics 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 a Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.41, based on 1,974 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. Pulz Electronics's current Cyclically Adjusted PS Ratio of 1.63 is 15.6% 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 Pulz Electronics and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pulz Electronics's current Cyclically Adjusted PS Ratio is 1.63, which is 57% below median its own 10-year median of 3.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pulz Electronics stock overvalued right now?
Based on GuruFocus' analysis, Pulz Electronics (NSE:PULZ) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹39.82, compared to a current price of ₹23.50 — trading 41% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.63, which is 57% below median its 10-year median of 3.79 and 15.6% above the Hardware industry median of 1.41. Pulz Electronics' overall GF Score™ is 77/100 with 2 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 Pulz Electronics (NSE:PULZ), the current Cyclically Adjusted PS Ratio is 1.63 as of Aug. 20, 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 Pulz Electronics (NSE:PULZ) Overvalued in 2026?

Based on GuruFocus' analysis, Pulz Electronics stock appears to be undervalued. The current stock price of ₹23.50 is trading 41% below its estimated GF Value™ of ₹39.82. GuruFocus considers Pulz Electronics to be Significantly Undervalued.

Key valuation signals for NSE:PULZ:

  • Cyclically Adjusted PS Ratio: 1.63 (57% below median its 10-year median of 3.79)
  • GF Value™: ₹39.82 vs. price of ₹23.50 (41% below fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 15.6% above the Hardware median (#1045 of 1974)

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


Pulz Electronics Business Description

Address Veera Desai Road, Kailashpati, 2nd Floor, Plot No. 10A, Andheri (West), Mumbai, MH, IND, 400 053
Pulz Electronics Ltd develops, manufactures, and sells audio systems and solutions to the cinema, pro-audio, studio, and home audio industries in India and internationally. The technologies offered by the company include Line Source, IsoWave, WaveDrive, AeroWave, and Point Source Precision. The company's business falls within a single business segment of Audio Systems. Geographically, the company generates the majority of its revenue from India.
77GF Score

Get the complete analysis for NSE:PULZ

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

₹23.50
Price
₹39.82
GF Value