Sterlite Technologies (NSE:STLTECH) Cyclically Adjusted PS Ratio: 4.09 (As of Jul. 22, 2026) — 354% Above Median

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NSE:STLTECH Sterlite Technologies Ltd NSE:STLTECH
59 GF Score
Price ₹552.95
GF Value ₹126.79
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Sterlite Technologies Cyclically Adjusted PS Ratio?

Sterlite Technologies NSE:STLTECH +4.58% 59 Cyclically Adjusted PS Ratio is 4.09 as of Jul. 22, 2026, which is 354% above its 10-year median of 0.90. GuruFocus rates NSE:STLTECH with a GF Score™ of 59/100 and a GF Value™ of ₹126.79 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,976 Hardware companies, Sterlite Technologies ranks worse than 75.91% on this metric.

As of today (2026-07-22), Sterlite Technologies's current share price is ₹552.95. Sterlite Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹135.18. Sterlite Technologies's Cyclically Adjusted PS Ratio for today is 4.09.

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

NSE:STLTECH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.45   Med: 0.9   Max: 4.84
Current: 3.85

During the past years, Sterlite Technologies's highest Cyclically Adjusted PS Ratio was 4.84. The lowest was 0.45. And the median was 0.90.

NSE:STLTECH's Cyclically Adjusted PS Ratio is ranked worse than
75.91% of 1976 companies
in the Hardware industry
Industry Median: 1.37 vs NSE:STLTECH: 3.85

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.

Sterlite Technologies's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹29.553. 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 ₹135.18 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sterlite Technologies  (NSE:STLTECH) 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.


Sterlite Technologies Cyclically Adjusted PS Ratio Related Terms


Sterlite Technologies Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Sterlite Technologies'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.

Sterlite Technologies Cyclically Adjusted PS Ratio Chart

Sterlite Technologies 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 1.46 0.87 0.64 0.47 1.30

Sterlite Technologies Quarterly Data
Jun21 Sep21 Dec21 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 0.47 0.80 0.85 0.77 1.30

NSE:STLTECH vs CSCO, CIEN, MSI: Cyclically Adjusted PS Ratio Comparison

For the Communication Equipment subindustry, Sterlite Technologies'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.


Sterlite Technologies Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Sterlite Technologies's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:STLTECH
59GF Score
Sterlite Technologies Ltd NSE:STLTECH
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sterlite Technologies 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.

Sterlite Technologies's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=552.95/135.18
=4.09

* 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.

Sterlite Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Sterlite Technologies's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=29.553/164.2724*164.2724
=29.553

Current CPI (Mar. 2026) = 164.2724.

Sterlite Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 14.044 105.961 21.773
201609 12.753 105.961 19.771
201612 16.605 105.196 25.930
201703 17.277 105.196 26.979
201706 15.729 107.109 24.124
201709 19.145 109.021 28.848
201712 20.581 109.404 30.903
201803 20.861 109.786 31.214
201806 21.575 111.317 31.839
201809 26.681 115.142 38.066
201812 32.913 115.142 46.957
201903 41.581 118.202 57.788
201906 35.146 120.880 47.762
201909 33.404 123.175 44.549
201912 29.478 126.235 38.360
202003 26.458 124.705 34.853
202006 22.052 127.000 28.524
202009 28.755 130.118 36.303
202012 32.618 130.889 40.937
202103 35.673 131.771 44.472
202106 32.612 134.084 39.954
202109 37.915 135.847 45.849
202112 32.455 138.161 38.589
202203 34.654 138.822 41.007
202206 35.147 142.347 40.561
202209 42.075 144.661 47.779
202212 46.890 145.763 52.844
202303 46.533 146.865 52.049
202306 37.768 150.280 41.285
202309 37.789 151.492 40.977
202312 33.166 152.924 35.627
202403 -7.599 153.035 -8.157
202406 18.167 155.789 19.156
202409 22.247 157.882 23.147
202412 19.960 158.323 20.710
202503 22.092 157.552 23.034
202506 20.380 159.755 20.956
202509 20.680 162.289 20.933
202512 25.879 163.281 26.036
202603 29.553 164.272 29.553

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 4.09 mean?
Sterlite Technologies (NSE:STLTECH) has a Cyclically Adjusted PS Ratio of 4.09 as of Jul. 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 Sterlite Technologies and its competitors. This is 354% above median its historical median of 0.90. Over the past decade, Sterlite Technologies' Cyclically Adjusted PS Ratio has ranged from 0.45 to 4.84. According to the industry distribution chart, Sterlite Technologies ranks #1500 out of 1976 companies in the Hardware industry, placing it in the top 75.9%.
Is Sterlite Technologies' Cyclically Adjusted PS Ratio too high?
Sterlite Technologies' current Cyclically Adjusted PS Ratio of 4.09 is 354% above median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 4.84. The Hardware industry median Cyclically Adjusted PS Ratio is 1.37. Sterlite Technologies' value of 4.09 is 198.5% above this industry median. Based on the distribution chart, Sterlite Technologies ranks #1500 out of 1976 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Sterlite Technologies has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sterlite Technologies' Cyclically Adjusted PS Ratio compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Sterlite Technologies ranks #1500 out of 1976 companies for Cyclically Adjusted PS Ratio. This places Sterlite Technologies in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.37. Sterlite Technologies' value of 4.09 is 198.5% above this benchmark. Historically, Sterlite Technologies' own Cyclically Adjusted PS Ratio has ranged from 0.45 to 4.84 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 1.37, Sterlite Technologies 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.37, based on 1,976 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. Sterlite Technologies's current Cyclically Adjusted PS Ratio of 4.09 is 198.5% 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 Sterlite Technologies and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sterlite Technologies's current Cyclically Adjusted PS Ratio is 4.09, which is 354% above median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sterlite Technologies stock overvalued right now?
Based on GuruFocus' analysis, Sterlite Technologies (NSE:STLTECH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹126.79, compared to a current price of ₹552.95 — trading 336.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.09, which is 354% above median its 10-year median of 0.90 and 198.5% above the Hardware industry median of 1.37. Sterlite Technologies' overall GF Score™ is 59/100 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 Sterlite Technologies (NSE:STLTECH), the current Cyclically Adjusted PS Ratio is 4.09 as of Jul. 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 Sterlite Technologies (NSE:STLTECH) Overvalued in 2026?

Based on GuruFocus' analysis, Sterlite Technologies stock appears to be overvalued. The current stock price of ₹552.95 is trading 336.1% above its estimated GF Value™ of ₹126.79. GuruFocus considers Sterlite Technologies to be Significantly Overvalued.

Key valuation signals for NSE:STLTECH:

  • Cyclically Adjusted PS Ratio: 4.09 (354% above median its 10-year median of 0.90)
  • GF Value™: ₹126.79 vs. price of ₹552.95 (336.1% above fair value)
  • GF Score™: 59/100 with 3 warning signs
  • Industry Position: 198.5% above the Hardware median (#1500 of 1976)

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


Sterlite Technologies Business Description

Other Exchanges 532374:India
Address Koregaon Road 9, STS 12/1, 4th Floor, Godrej Millennium, Pune, MH, IND, 411 001
Sterlite Technologies Ltd is an Indian-based company engaged in the business of Connectivity and Network Solutions. Its products and solutions mainly include integrated optical fiber, copper telecom cables, structured data cables, access equipment, fiber connectivity and system integration solution offerings for telecom networks, OSS/ BSS solutions, billing and bandwidth management solutions for organizations, and others. Its segments include Optical networking business (ONB), Global service business (GSB) and Digital and technology solutions (Digital). The company offers its services within India and in the International market. It earns majority of the revenue from Optical networking business segment.
59GF Score

Get the complete analysis for NSE:STLTECH

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

₹552.95
Price
₹126.79
GF Value