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STEL HoldingsNSE:STEL +1.48%83 Cyclically Adjusted PS Ratio is 52.71 as of Jul. 26, 2026, which is 20% above its 10-year median of 43.93. GuruFocus rates NSE:STEL with a GF Score™ of 83/100 and a GF Value™ of ₹539.11 (Fairly Valued). The stock has 6 warning signs investors should review. Among 906 Asset Management companies, STEL Holdings ranks worse than 96.36% on this metric.
The historical rank and industry rank for STEL Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:
NSE:STEL'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 37.98 Med: 43.93 Max: 56.25
Current: 51.64
During the past years, STEL Holdings's highest Cyclically Adjusted PS Ratio was 56.25. The lowest was 37.98. And the median was 43.93.
NSE:STEL's Cyclically Adjusted PS Ratio is ranked worse than 96.36% of 906
companies
in the Asset Management industry
Industry Median: 7.675
vs NSE:STEL: 51.64
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.
STEL Holdings's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹0.139. 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 ₹10.54 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
STEL Holdings (NSE:STEL) 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.
STEL Holdings Cyclically Adjusted PS Ratio Related Terms
STEL Holdings Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for STEL Holdings'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.
NSE:STEL vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison
For the Asset Management subindustry, STEL Holdings'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.
STEL Holdings Cyclically Adjusted PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, STEL Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where STEL Holdings's Cyclically Adjusted PS Ratio falls into.
STEL Holdings 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.
STEL Holdings's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 52.71 mean?
STEL Holdings (NSE:STEL) has a Cyclically Adjusted PS Ratio of 52.71 as of Jul. 26, 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 STEL Holdings and its competitors. This is 20% above median its historical median of 43.93. Over the past decade, STEL Holdings' Cyclically Adjusted PS Ratio has ranged from 37.98 to 56.25. According to the industry distribution chart, STEL Holdings ranks #873 out of 906 companies in the Asset Management industry, placing it in the top 96.4%.
Is STEL Holdings' Cyclically Adjusted PS Ratio too high?
STEL Holdings' current Cyclically Adjusted PS Ratio of 52.71 is 20% above median its 10-year median of 43.93. Over the past 10 years, this metric has ranged from a low of 37.98 to a high of 56.25. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.68. STEL Holdings' value of 52.71 is 586.8% above this industry median. Based on the distribution chart, STEL Holdings ranks #873 out of 906 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, STEL Holdings has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does STEL Holdings' Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, STEL Holdings ranks #873 out of 906 companies for Cyclically Adjusted PS Ratio. This places STEL Holdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.68. STEL Holdings' value of 52.71 is 586.8% above this benchmark. Historically, STEL Holdings' own Cyclically Adjusted PS Ratio has ranged from 37.98 to 56.25 over the past decade. While the company's 10-year median is 43.93 vs. the industry median of 7.68, STEL Holdings 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 an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.68, based on 906 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. STEL Holdings's current Cyclically Adjusted PS Ratio of 52.71 is 586.8% 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 STEL Holdings and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. STEL Holdings's current Cyclically Adjusted PS Ratio is 52.71, which is 20% above median its own 10-year median of 43.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is STEL Holdings stock overvalued right now?
Based on GuruFocus' analysis, STEL Holdings (NSE:STEL) is currently considered Fairly Valued. The stock's GF Value™ is ₹539.11, compared to a current price of ₹555.55 — trading 3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 52.71, which is 20% above median its 10-year median of 43.93 and 586.8% above the Asset Management industry median of 7.68. STEL Holdings' overall GF Score™ is 83/100 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 STEL Holdings (NSE:STEL), the current Cyclically Adjusted PS Ratio is 52.71 as of Jul. 26, 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 STEL Holdings (NSE:STEL) Overvalued in 2026?
Based on GuruFocus' analysis, STEL Holdings stock appears to be overvalued.
The current stock price of ₹555.55 is trading 3% above its estimated GF Value™ of ₹539.11.
GuruFocus considers STEL Holdings to be Fairly Valued.
Key valuation signals for NSE:STEL:
Cyclically Adjusted PS Ratio: 52.71 (20% above median its 10-year median of 43.93)
GF Value™: ₹539.11 vs. price of ₹555.55 (3% above fair value)
Industry Position: 586.8% above the Asset Management median (#873 of 906)
No single metric tells the full story. See the NSE:STEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
STEL Holdings Ltd is an investment company. Principally, it is engaged in the activities of holding companies. The company's income consists of dividends, interest, and income from the disposal of investments.
83GF Score
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