Race Eco Chain (NSE:RACE) Cyclically Adjusted PS Ratio: 0.78 (As of Jul. 15, 2026) — 15% Below Median

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NSE:RACE Race Eco Chain Ltd NSE:RACE
77 GF Score
Price ₹112.44
GF Value ₹556.87
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Race Eco Chain Cyclically Adjusted PS Ratio?

Race Eco Chain NSE:RACE +1.76% 77 Cyclically Adjusted PS Ratio is 0.78 as of Jul. 15, 2026, which is 15% below its 10-year median of 0.92. GuruFocus rates NSE:RACE with a GF Score™ of 77/100 and a GF Value™ of ₹556.87 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 157 Waste Management companies, Race Eco Chain ranks better than 66.88% on this metric.

As of today (2026-07-15), Race Eco Chain's current share price is ₹112.44. Race Eco Chain's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 was ₹144.68. Race Eco Chain's Cyclically Adjusted PS Ratio for today is 0.78.

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

NSE:RACE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.92   Max: 5.86
Current: 0.78

During the past 13 years, Race Eco Chain's highest Cyclically Adjusted PS Ratio was 5.86. The lowest was 0.27. And the median was 0.92.

NSE:RACE's Cyclically Adjusted PS Ratio is ranked better than
66.88% of 157 companies
in the Waste Management industry
Industry Median: 1.35 vs NSE:RACE: 0.78

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.

Race Eco Chain's adjusted revenue per share data of for the fiscal year that ended in Mar26 was ₹386.939. 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 ₹144.68 for the trailing ten years ended in Mar26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Race Eco Chain  (NSE:RACE) 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.


Race Eco Chain Cyclically Adjusted PS Ratio Related Terms


Race Eco Chain Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Race Eco Chain'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.

Race Eco Chain Cyclically Adjusted PS Ratio Chart

Race Eco Chain 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 0.15 0.29 4.44 2.44 0.59

Race Eco Chain Quarterly Data
Sep20 Mar21 Sep21 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 2.44 0.00 0.00 0.00 0.59

NSE:RACE vs WM, RSG, WCN: Cyclically Adjusted PS Ratio Comparison

For the Waste Management subindustry, Race Eco Chain'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.


Race Eco Chain Cyclically Adjusted PS Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Race Eco Chain's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:RACE
77GF Score
Race Eco Chain Ltd NSE:RACE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Race Eco Chain 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.

Race Eco Chain's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=112.44/144.68
=0.78

* 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.

Race Eco Chain's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar26 is calculated as:

For example, Race Eco Chain'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)
=386.939/164.2724*164.2724
=386.939

Current CPI (Mar26) = 164.2724.

Race Eco Chain Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201703 22.625 105.196 35.331
201803 34.247 109.786 51.243
201903 29.666 118.202 41.229
202003 8.603 124.705 11.333
202103 35.943 131.771 44.809
202203 95.562 138.822 113.082
202303 163.757 146.865 183.167
202403 206.159 153.035 221.298
202503 349.358 157.552 364.261
202603 386.939 164.272 386.939

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 0.78 mean?
Race Eco Chain (NSE:RACE) has a Cyclically Adjusted PS Ratio of 0.78 as of Jul. 15, 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 Race Eco Chain and its competitors. This is 15% below median its historical median of 0.92. Over the past decade, Race Eco Chain's Cyclically Adjusted PS Ratio has ranged from 0.27 to 5.86. According to the industry distribution chart, Race Eco Chain ranks #52 out of 157 companies in the Waste Management industry, placing it in the top 33.1%.
Is Race Eco Chain's Cyclically Adjusted PS Ratio too high?
Race Eco Chain's current Cyclically Adjusted PS Ratio of 0.78 is 15% below median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 5.86. The Waste Management industry median Cyclically Adjusted PS Ratio is 1.35. Race Eco Chain's value of 0.78 is 42.2% below this industry median. Based on the distribution chart, Race Eco Chain ranks #52 out of 157 companies in the Waste Management industry, which is above the industry midpoint. Overall, Race Eco Chain has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Race Eco Chain's Cyclically Adjusted PS Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Race Eco Chain ranks #52 out of 157 companies for Cyclically Adjusted PS Ratio. This puts Race Eco Chain in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.35. Race Eco Chain's value of 0.78 is 42.2% below this benchmark. Historically, Race Eco Chain's own Cyclically Adjusted PS Ratio has ranged from 0.27 to 5.86 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 1.35, Race Eco Chain 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 Waste Management company?
The median Cyclically Adjusted PS Ratio among Waste Management companies is 1.35, based on 157 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. Race Eco Chain's current Cyclically Adjusted PS Ratio of 0.78 is 42.2% 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 Race Eco Chain and its competitors. For the Waste Management industry, the median Cyclically Adjusted PS Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Race Eco Chain's current Cyclically Adjusted PS Ratio is 0.78, which is 15% below median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Race Eco Chain stock overvalued right now?
Based on GuruFocus' analysis, Race Eco Chain (NSE:RACE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹556.87, compared to a current price of ₹112.44 — trading 79.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.78, which is 15% below median its 10-year median of 0.92 and 42.2% below the Waste Management industry median of 1.35. Race Eco Chain's overall GF Score™ is 77/100 with 3 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 Race Eco Chain (NSE:RACE), the current Cyclically Adjusted PS Ratio is 0.78 as of Jul. 15, 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 Race Eco Chain (NSE:RACE) Overvalued in 2026?

Based on GuruFocus' analysis, Race Eco Chain stock appears to be undervalued. The current stock price of ₹112.44 is trading 79.8% below its estimated GF Value™ of ₹556.87. GuruFocus considers Race Eco Chain to be Significantly Undervalued.

Key valuation signals for NSE:RACE:

  • Cyclically Adjusted PS Ratio: 0.78 (15% below median its 10-year median of 0.92)
  • GF Value™: ₹556.87 vs. price of ₹112.44 (79.8% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 42.2% below the Waste Management median (#52 of 157)

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


Race Eco Chain Business Description

Other Exchanges 537785:India
Address Sahibabad Industrial Area, 56/33, Site-IV, Ghaziabad, UP, IND, 201010
Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers who eventually convert the waste into useful products. It is also involved in the manufacturing of recycled products. The company's segments are Recycle Division; Restore Division; Biomass Division and It Division. It generates the majority of its revenue from the Recycle Division.
77GF Score

Get the complete analysis for NSE:RACE

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

₹112.44
Price
₹556.87
GF Value