Ramco Industries (NSE:RAMCOIND) 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
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.
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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:RAMCOIND Ramco Industries Ltd NSE:RAMCOIND
72 GF Score
Price ₹356.95
GF Value ₹278.53
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Ramco Industries Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ramco Industries  (NSE:RAMCOIND) 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.


Ramco Industries Cyclically Adjusted PS Ratio Related Terms


Ramco Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ramco 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.

Ramco Industries Cyclically Adjusted PS Ratio Chart

Ramco 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 0.00 0.76 1.17 1.29 1.25

Ramco 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 1.54 1.82 1.69 1.25 0.00

NSE:RAMCOIND vs TT, JCI, CARR: Cyclically Adjusted PS Ratio Comparison

For the Building Products & Equipment subindustry, Ramco 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.


Ramco Industries Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Ramco Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:RAMCOIND
72GF Score
Ramco Industries Ltd NSE:RAMCOIND
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ramco 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.

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

For example, Ramco 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)
=70.887/167.3573*167.3573
=70.887

Current CPI (Jun. 2026) = 167.3573.

Ramco Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 26.575 97.163 45.774
201506 31.931 99.841 53.524
201509 20.542 101.753 33.786
201512 22.486 102.901 36.571
201603 24.806 102.518 40.495
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 39.390 111.317 59.220
201809 26.961 115.142 39.187
201812 25.168 115.142 36.581
201903 31.817 118.202 45.048
201906 38.495 120.880 53.296
201909 26.286 123.175 35.715
201912 23.900 126.235 31.686
202003 27.930 124.705 37.483
202006 36.375 127.000 47.934
202009 31.213 130.118 40.146
202012 36.375 130.889 46.510
202103 40.814 131.771 51.836
202106 50.060 134.084 62.482
202109 37.134 135.847 45.747
202112 40.388 138.161 48.923
202203 46.904 138.822 56.545
202206 59.467 142.347 69.915
202209 36.362 144.661 42.067
202212 36.139 145.763 41.493
202303 41.826 146.865 47.662
202306 57.819 150.280 64.389
202309 37.730 151.492 41.681
202312 39.979 152.924 43.752
202403 43.772 153.035 47.869
202406 65.052 155.789 69.883
202409 42.263 157.882 44.799
202412 39.669 158.323 41.933
202503 48.759 157.552 51.794
202506 61.388 159.755 64.309
202509 42.234 162.289 43.553
202512 44.873 163.281 45.993
202603 57.954 164.272 59.042
202606 70.887 167.357 70.887

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 Ramco Industries (NSE:RAMCOIND) Overvalued in 2026?

Based on GuruFocus' analysis, Ramco Industries stock appears to be overvalued. The current stock price of ₹356.95 is trading 28.2% above its estimated GF Value™ of ₹278.53. GuruFocus considers Ramco Industries to be Modestly Overvalued.

Key valuation signals for NSE:RAMCOIND:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹278.53 vs. price of ₹356.95 (28.2% above fair value)
  • GF Score™: 72/100 with 5 warning signs

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


Ramco Industries Business Description

Other Exchanges 532369:India
Address 98-A, Dr. Radhakrishnan Road, Auras Corporate Centre, VI Floor, Mylapore, Chennai, TN, IND, 600 004
Ramco Industries Ltd produces fiber cement sheets and cotton yarn in India. The company is engaged in the manufacture of Fiber Cement (FC) sheets and Calcium Silicate Boards (CSBs). It operates through three segments namely building products, textiles, and wind power generation. The company generates maximum revenue from the building products segment. Geographically, it operates only in India.
72GF Score

Get the complete analysis for NSE:RAMCOIND

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

₹356.95
Price
₹278.53
GF Value