Rail Vikas Nigam (NSE:RVNL) Cyclically Adjusted PS Ratio: 2.28 (As of Aug. 22, 2026) — Near Median

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NSE:RVNL Rail Vikas Nigam Ltd NSE:RVNL
72 GF Score
Price ₹225.30
GF Value ₹348.98
Valuation Possible Value Trap
! 6 Warning Signs
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What is Rail Vikas Nigam Cyclically Adjusted PS Ratio?

Rail Vikas Nigam NSE:RVNL -1.14% 72 Cyclically Adjusted PS Ratio is 2.28 as of Aug. 22, 2026, which is 0% below its 10-year median of 2.29. GuruFocus rates NSE:RVNL with a GF Score™ of 72/100 and a GF Value™ of ₹348.98 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,373 Construction companies, Rail Vikas Nigam ranks worse than 82.3% on this metric.

As of today (2026-08-22), Rail Vikas Nigam's current share price is ₹225.30. Rail Vikas Nigam's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹98.90. Rail Vikas Nigam's Cyclically Adjusted PS Ratio for today is 2.28.

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

NSE:RVNL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.27   Med: 2.29   Max: 2.37
Current: 2.29

During the past years, Rail Vikas Nigam's highest Cyclically Adjusted PS Ratio was 2.37. The lowest was 2.27. And the median was 2.29.

NSE:RVNL's Cyclically Adjusted PS Ratio is ranked worse than
82.3% of 1373 companies
in the Construction industry
Industry Median: 0.7 vs NSE:RVNL: 2.29

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.

Rail Vikas Nigam's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹20.608. 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 ₹98.90 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rail Vikas Nigam  (NSE:RVNL) 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.


Rail Vikas Nigam Cyclically Adjusted PS Ratio Related Terms


Rail Vikas Nigam Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Rail Vikas Nigam'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.

Rail Vikas Nigam Cyclically Adjusted PS Ratio Chart

Rail Vikas Nigam 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 0.00 0.00 0.00 0.00

Rail Vikas Nigam 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 0.00 0.00 0.00 0.00 2.38

NSE:RVNL vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Rail Vikas Nigam'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.


Rail Vikas Nigam Cyclically Adjusted PS Ratio vs Construction Industry

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

* The bar in red indicates where Rail Vikas Nigam's Cyclically Adjusted PS Ratio falls into.


NSE:RVNL
72GF Score
Rail Vikas Nigam Ltd NSE:RVNL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rail Vikas Nigam 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.

Rail Vikas Nigam's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=225.30/98.90
=2.28

* 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.

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

For example, Rail Vikas Nigam'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)
=20.608/167.3573*167.3573
=20.608

Current CPI (Jun. 2026) = 167.3573.

Rail Vikas Nigam Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201709 0.000 109.021 0.000
201803 0.000 109.786 0.000
201806 8.910 111.317 13.396
201809 8.488 115.142 12.337
201812 14.472 115.142 21.035
201903 16.437 118.202 23.272
201906 13.591 120.880 18.817
201909 18.112 123.175 24.609
201912 17.874 126.235 23.697
202003 20.162 124.705 27.058
202006 14.039 127.000 18.500
202009 14.067 130.118 18.093
202012 17.930 130.889 22.926
202103 26.878 131.771 34.137
202106 18.491 134.084 23.080
202109 19.319 135.847 23.800
202112 24.298 138.161 29.433
202203 30.841 138.822 37.181
202206 22.294 142.347 26.211
202209 23.565 144.661 27.262
202212 23.984 145.763 27.537
202303 27.435 146.865 31.263
202306 26.810 150.280 29.857
202309 23.558 151.492 26.025
202312 22.494 152.924 24.617
202403 32.063 153.035 35.064
202406 19.467 155.789 20.913
202409 23.354 157.882 24.756
202412 21.851 158.323 23.098
202503 30.765 157.552 32.680
202506 18.886 159.755 19.785
202509 24.470 162.289 25.234
202512 22.491 163.281 23.053
202603 32.214 164.272 32.819
202606 20.608 167.357 20.608

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 2.28 mean?
Rail Vikas Nigam (NSE:RVNL) has a Cyclically Adjusted PS Ratio of 2.28 as of Aug. 22, 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 Rail Vikas Nigam and its competitors. This is near median its historical median of 2.29. Over the past decade, Rail Vikas Nigam's Cyclically Adjusted PS Ratio has ranged from 2.27 to 2.37. According to the industry distribution chart, Rail Vikas Nigam ranks #1130 out of 1373 companies in the Construction industry, placing it in the top 82.3%.
Is Rail Vikas Nigam's Cyclically Adjusted PS Ratio too high?
Rail Vikas Nigam's current Cyclically Adjusted PS Ratio of 2.28 is near median its 10-year median of 2.29. Over the past 10 years, this metric has ranged from a low of 2.27 to a high of 2.37. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Rail Vikas Nigam's value of 2.28 is 225.7% above this industry median. Based on the distribution chart, Rail Vikas Nigam ranks #1130 out of 1373 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Rail Vikas Nigam has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Rail Vikas Nigam's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Rail Vikas Nigam ranks #1130 out of 1373 companies for Cyclically Adjusted PS Ratio. This places Rail Vikas Nigam in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Rail Vikas Nigam's value of 2.28 is 225.7% above this benchmark. Historically, Rail Vikas Nigam's own Cyclically Adjusted PS Ratio has ranged from 2.27 to 2.37 over the past decade. While the company's 10-year median is 2.29 vs. the industry median of 0.70, Rail Vikas Nigam 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,373 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. Rail Vikas Nigam's current Cyclically Adjusted PS Ratio of 2.28 is 225.7% 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 Rail Vikas Nigam and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rail Vikas Nigam's current Cyclically Adjusted PS Ratio is 2.28, which is near median its own 10-year median of 2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rail Vikas Nigam stock overvalued right now?
Based on GuruFocus' analysis, Rail Vikas Nigam (NSE:RVNL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹348.98, compared to a current price of ₹225.30 — trading 35.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.28, which is near median its 10-year median of 2.29 and 225.7% above the Construction industry median of 0.70. Rail Vikas Nigam's overall GF Score™ is 72/100 with 6 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 Rail Vikas Nigam (NSE:RVNL), the current Cyclically Adjusted PS Ratio is 2.28 as of Aug. 22, 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 Rail Vikas Nigam (NSE:RVNL) Overvalued in 2026?

Based on GuruFocus' analysis, Rail Vikas Nigam stock appears to be undervalued. The current stock price of ₹225.30 is trading 35.4% below its estimated GF Value™ of ₹348.98. GuruFocus considers Rail Vikas Nigam to be Possible Value Trap.

Key valuation signals for NSE:RVNL:

  • Cyclically Adjusted PS Ratio: 2.28 (near median its 10-year median of 2.29)
  • GF Value™: ₹348.98 vs. price of ₹225.30 (35.4% below fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 225.7% above the Construction median (#1130 of 1373)

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


Rail Vikas Nigam Business Description

Other Exchanges 542649:India
Address August Kranti Bhawan, Block B, Plot No. 25, 1st Floor, Bhikaji Cama Place, R.K. Puram, New Delhi, IND, 110066
Rail Vikas Nigam Ltd is an Indian-based company, engaged in the business of implementing various types of Rail infrastructure projects. It executes projects such as new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, bridges, construction of cable-stayed bridges, institution buildings, and others. The company has only one reportable segment namely, Development of Railway Infrastructure.
72GF Score

Get the complete analysis for NSE:RVNL

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

₹225.30
Price
₹348.98
GF Value