Scan Steels (NSE:SCANSTL) Cyclically Adjusted PS Ratio: (As of Aug. 28, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:SCANSTL Scan Steels Ltd NSE:SCANSTL
40 GF Score
Price ₹61.23
GF Value ₹39.02
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Scan Steels Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Scan Steels  (NSE:SCANSTL) 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.


Scan Steels Cyclically Adjusted PS Ratio Related Terms


Scan Steels Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Scan Steels'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.

Scan Steels Cyclically Adjusted PS Ratio Chart

Scan Steels 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 0.18 0.17 0.37 0.21 0.17

Scan Steels 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 0.22 0.22 0.21 0.17 0.22

NSE:SCANSTL vs : Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, Scan Steels'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.


Scan Steels Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Scan Steels's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:SCANSTL
40GF Score
Scan Steels Ltd NSE:SCANSTL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Scan Steels 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.

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

For example, Scan Steels'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)
=42.414/333.9520*333.9520
=42.414

Current CPI (Jun. 2026) = 333.9520.

Scan Steels Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 17.750 241.428 24.552
201612 18.088 241.432 25.020
201703 17.492 243.801 23.960
201706 19.080 244.955 26.012
201709 21.119 246.819 28.575
201712 21.622 246.524 29.290
201803 29.212 249.554 39.091
201806 34.537 251.989 45.771
201809 28.094 252.439 37.166
201812 30.870 251.233 41.034
201903 39.771 254.202 52.248
201906 36.138 256.143 47.116
201909 30.680 256.759 39.904
201912 33.567 256.974 43.622
202003 29.102 258.115 37.652
202006 33.154 257.797 42.948
202009 24.368 260.280 31.265
202012 38.711 260.474 49.631
202103 46.218 264.877 58.271
202106 45.477 271.696 55.898
202109 30.694 274.310 37.368
202112 49.071 278.802 58.778
202203 65.111 287.504 75.630
202206 58.639 296.311 66.088
202209 40.115 296.808 45.135
202212 58.259 296.797 65.552
202303 52.308 301.836 57.874
202306 43.417 305.109 47.521
202309 50.184 307.789 54.450
202312 41.866 306.746 45.579
202403 48.018 312.332 51.342
202406 39.866 314.175 42.376
202409 28.353 315.301 30.030
202412 28.717 315.605 30.386
202503 41.185 319.799 43.008
202506 39.560 322.561 40.957
202509 20.927 324.800 21.517
202512 32.512 324.054 33.505
202603 46.305 330.213 46.829
202606 42.414 333.952 42.414

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 Scan Steels (NSE:SCANSTL) Overvalued in 2026?

Based on GuruFocus' analysis, Scan Steels stock appears to be overvalued. The current stock price of ₹61.23 is trading 56.9% above its estimated GF Value™ of ₹39.02. GuruFocus considers Scan Steels to be Significantly Overvalued.

Key valuation signals for NSE:SCANSTL:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹39.02 vs. price of ₹61.23 (56.9% above fair value)
  • GF Score™: 40/100 with 8 warning signs

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


Scan Steels Business Description

Comparable Companies
Other Exchanges 511672:India
Address Magnetics Chowk, 2nd Floor, Plot No. 516/1723/3991, Trishana Nirmalya, Patia, Bhubaneswar, OR, IND, 751024
Scan Steels Ltd is an Indian-based iron and steel company. It is engaged in the manufacturing of steel products and in the generation of power for captive consumption. The company operates through a single segment, which is Steel Manufacturing. Its products include Shrishtii TMT, MS Billets, Shrishtii Roofing, Shrishtii Structural, and Fly Ash Bricks.
40GF Score

Get the complete analysis for NSE:SCANSTL

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

₹61.23
Price
₹39.02
GF Value