Swan Defence and Heavy Industries (NSE:SWANDEF) Cyclically Adjusted PS Ratio: (As of Aug. 13, 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:SWANDEF Swan Defence and Heavy Industries Ltd NSE:SWANDEF
31 GF Score
Price ₹2,465.10
GF Value ₹11,961.08
Valuation Possible Value Trap
! 6 Warning Signs
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What is Swan Defence and Heavy Industries Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Swan Defence and Heavy Industries  (NSE:SWANDEF) 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.


Swan Defence and Heavy Industries Cyclically Adjusted PS Ratio Related Terms


Swan Defence and Heavy Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Swan Defence and Heavy 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.

Swan Defence and Heavy Industries Cyclically Adjusted PS Ratio Chart

Swan Defence and Heavy 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 0.00 0.00 0.00 7.11

Swan Defence and Heavy 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 0.87 2.61 6.18 7.11 0.00

NSE:SWANDEF vs SPCX, GE, RTX: Cyclically Adjusted PS Ratio Comparison

For the Aerospace & Defense subindustry, Swan Defence and Heavy 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.


Swan Defence and Heavy Industries Cyclically Adjusted PS Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Swan Defence and Heavy Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Swan Defence and Heavy Industries's Cyclically Adjusted PS Ratio falls into.


NSE:SWANDEF
31GF Score
Swan Defence and Heavy Industries Ltd NSE:SWANDEF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Swan Defence and Heavy 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.

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

For example, Swan Defence and Heavy 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)
=5.809/166.1454*166.1454
=5.809

Current CPI (Jun. 2026) = 166.1454.

Swan Defence and Heavy Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201203 0.000 76.889 0.000
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
201803 0.000 109.786 0.000
201806 131.406 111.317 196.130
201809 214.754 115.142 309.882
201812 192.916 115.142 278.370
201903 128.897 118.202 181.178
201906 98.173 120.880 134.936
201909 76.688 123.175 103.441
201912 42.266 126.235 55.629
202003 64.044 124.705 85.326
202006 7.313 127.000 9.567
202009 0.000 130.118 0.000
202012 8.206 130.889 10.416
202103 7.935 131.771 10.005
202106 8.830 134.084 10.941
202109 2.944 135.847 3.601
202112 8.833 138.161 10.622
202203 2.949 138.822 3.529
202206 7.758 142.347 9.055
202209 2.535 144.661 2.911
202212 1.491 145.763 1.699
202303 0.004 146.865 0.005
202306 0.000 150.280 0.000
202309 0.000 151.492 0.000
202312 0.000 152.924 0.000
202403 0.000 153.035 0.000
202406 0.000 155.789 0.000
202409 0.182 157.882 0.192
202412 0.221 158.323 0.232
202503 0.933 157.552 0.984
202506 0.079 159.755 0.082
202509 7.512 162.289 7.690
202512 1.114 163.281 1.134
202603 44.846 164.272 45.357
202606 5.809 166.145 5.809

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 Swan Defence and Heavy Industries (NSE:SWANDEF) Overvalued in 2026?

Based on GuruFocus' analysis, Swan Defence and Heavy Industries stock appears to be undervalued. The current stock price of ₹2,465.10 is trading 79.4% below its estimated GF Value™ of ₹11,961.08. GuruFocus considers Swan Defence and Heavy Industries to be Possible Value Trap.

Key valuation signals for NSE:SWANDEF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹11,961.08 vs. price of ₹2,465.10 (79.4% below fair value)
  • GF Score™: 31/100 with 6 warning signs

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


Swan Defence and Heavy Industries Business Description

Other Exchanges 533107:India
Address 10 J. N. Heredia Marg, 6 Feltham House, 2nd Floor, Ballard Estate, Mumbai, MH, IND, 400001
Swan Defence and Heavy Industries Ltd is mainly engaged in the construction of vessels, repairs, and refits of ships and rigs, and heavy engineering. The company has developed an integrated shipbuilding, ship and rig repair and conversion, ship production, offshore construction, and heavy engineering facility in Gujarat. The company has a large shipbuilding/repair infrastructure in India including the Dry Dock.
31GF Score

Get the complete analysis for NSE:SWANDEF

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

₹2,465.10
Price
₹11,961.08
GF Value