Symphony (NSE:SYMPHONY) Cyclically Adjusted PS Ratio: 3.21 (As of Sep. 22, 2026) — 41% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:SYMPHONY Symphony Ltd NSE:SYMPHONY
75 GF Score
Price ₹597.80
GF Value ₹858.98
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Symphony Cyclically Adjusted PS Ratio?

Symphony NSE:SYMPHONY +2.35% 75 Cyclically Adjusted PS Ratio is 3.21 as of Sep. 22, 2026, which is 41% below its 10-year median of 5.41. GuruFocus rates NSE:SYMPHONY with a GF Score™ of 75/100 and a GF Value™ of ₹858.98 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 335 Furnishings, Fixtures & Appliances companies, Symphony ranks worse than 90.45% on this metric.

As of today (2026-09-22), Symphony's current share price is ₹597.80. Symphony's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹185.98. Symphony's Cyclically Adjusted PS Ratio for today is 3.21.

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

NSE:SYMPHONY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.18   Med: 5.41   Max: 10.54
Current: 3.25

During the past years, Symphony's highest Cyclically Adjusted PS Ratio was 10.54. The lowest was 3.18. And the median was 5.41.

NSE:SYMPHONY's Cyclically Adjusted PS Ratio is ranked worse than
90.45% of 335 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.69 vs NSE:SYMPHONY: 3.25

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.

Symphony's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹55.045. 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 ₹185.98 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Symphony  (NSE:SYMPHONY) 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.


Symphony Cyclically Adjusted PS Ratio Related Terms


Symphony Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Symphony'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.

Symphony Cyclically Adjusted PS Ratio Chart

Symphony 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 - - - 6.51 3.77

Symphony 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 6.15 5.10 4.94 3.77 3.66

NSE:SYMPHONY vs SN, SGI, MHK: Cyclically Adjusted PS Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Symphony'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.


Symphony Cyclically Adjusted PS Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Symphony's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:SYMPHONY
75GF Score
Symphony Ltd NSE:SYMPHONY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Symphony 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.

Symphony's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=597.80/185.982
=3.21

* 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.

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

For example, Symphony'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)
=55.045/167.3573*167.3573
=55.045

Current CPI (Jun. 2026) = 167.3573.

Symphony Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 96.780 0.000
201503 97.163 0.000
201506 99.841 0.000
201706 27.160 107.109 42.437
201709 30.304 109.021 46.519
201712 31.305 109.404 47.888
201803 25.301 109.786 38.569
201806 20.870 111.317 31.377
201809 31.877 115.142 46.333
201812 34.307 115.142 49.865
201903 33.592 118.202 47.561
201906 41.740 120.880 57.789
201909 38.881 123.175 52.827
201912 41.454 126.235 54.958
202003 35.593 124.705 47.767
202006 22.014 127.000 29.009
202009 27.302 130.118 35.116
202012 30.876 130.889 39.479
202103 48.458 131.771 61.545
202106 32.877 134.084 41.035
202109 31.448 135.847 38.742
202112 29.304 138.161 35.497
202203 54.891 138.822 66.174
202206 47.029 142.347 55.292
202209 39.167 144.661 45.312
202212 39.596 145.763 45.462
202303 44.027 146.865 50.170
202306 43.287 150.280 48.206
202309 39.880 151.492 44.057
202312 35.819 152.924 39.200
202403 48.146 153.035 52.652
202406 56.992 155.789 61.224
202409 41.910 157.882 44.425
202412 28.105 158.323 29.709
202503 71.063 157.552 75.486
202506 50.967 159.755 53.392
202509 23.736 162.289 24.477
202512 26.066 163.281 26.717
202603 49.220 164.272 50.144
202606 55.045 167.357 55.045

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 3.21 mean?
Symphony (NSE:SYMPHONY) has a Cyclically Adjusted PS Ratio of 3.21 as of Sep. 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 Symphony and its competitors. This is 41% below median its historical median of 5.41. Over the past decade, Symphony's Cyclically Adjusted PS Ratio has ranged from 3.18 to 10.54. According to the industry distribution chart, Symphony ranks #303 out of 335 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 90.4%.
Is Symphony's Cyclically Adjusted PS Ratio too high?
Symphony's current Cyclically Adjusted PS Ratio of 3.21 is 41% below median its 10-year median of 5.41. Over the past 10 years, this metric has ranged from a low of 3.18 to a high of 10.54. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PS Ratio is 0.69. Symphony's value of 3.21 is 365.2% above this industry median. Based on the distribution chart, Symphony ranks #303 out of 335 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Symphony has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Symphony's Cyclically Adjusted PS Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Symphony ranks #303 out of 335 companies for Cyclically Adjusted PS Ratio. This places Symphony in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.69. Symphony's value of 3.21 is 365.2% above this benchmark. Historically, Symphony's own Cyclically Adjusted PS Ratio has ranged from 3.18 to 10.54 over the past decade. While the company's 10-year median is 5.41 vs. the industry median of 0.69, Symphony 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PS Ratio among Furnishings, Fixtures & Appliances companies is 0.69, based on 335 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. Symphony's current Cyclically Adjusted PS Ratio of 3.21 is 365.2% 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 Symphony and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PS Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Symphony's current Cyclically Adjusted PS Ratio is 3.21, which is 41% below median its own 10-year median of 5.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Symphony stock overvalued right now?
Based on GuruFocus' analysis, Symphony (NSE:SYMPHONY) is currently considered Possible Value Trap. The stock's GF Value™ is ₹858.98, compared to a current price of ₹597.80 — trading 30.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.21, which is 41% below median its 10-year median of 5.41 and 365.2% above the Furnishings, Fixtures & Appliances industry median of 0.69. Symphony's overall GF Score™ is 75/100 with 2 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 Symphony (NSE:SYMPHONY), the current Cyclically Adjusted PS Ratio is 3.21 as of Sep. 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 Symphony (NSE:SYMPHONY) Overvalued in 2026?

Based on GuruFocus' analysis, Symphony stock appears to be undervalued. The current stock price of ₹597.80 is trading 30.4% below its estimated GF Value™ of ₹858.98. GuruFocus considers Symphony to be Possible Value Trap.

Key valuation signals for NSE:SYMPHONY:

  • Cyclically Adjusted PS Ratio: 3.21 (41% below median its 10-year median of 5.41)
  • GF Value™: ₹858.98 vs. price of ₹597.80 (30.4% below fair value)
  • GF Score™: 75/100 with 2 warning signs
  • Industry Position: 365.2% above the Furnishings, Fixtures & Appliances median (#303 of 335)

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


Symphony Business Description

Other Exchanges 517385:India
Address FP-12, TP-50, Off S.G. Highway, Symphony House, Third Floor, Bodakdev, Ahmedabad, GJ, IND, 380059
Symphony Ltd is an India-based company engaged in the field of residential, commercial, and industrial air cooling and other appliances both in the domestic and international markets. Its products include Household air coolers, Commercial air coolers, Tower fans, and Large space venti cooling among others. Geographically, the company generates a majority of its revenue within India and the rest from other countries.
75GF Score

Get the complete analysis for NSE:SYMPHONY

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

₹597.80
Price
₹858.98
GF Value