Syngene International (NSE:SYNGENE) Cyclically Adjusted PS Ratio: 5.37 (As of Aug. 31, 2026) — 53% Below Median

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NSE:SYNGENE Syngene International Ltd NSE:SYNGENE
86 GF Score
Price ₹403.40
GF Value ₹723.94
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Syngene International Cyclically Adjusted PS Ratio?

Syngene International NSE:SYNGENE -2.51% 86 Cyclically Adjusted PS Ratio is 5.37 as of Aug. 31, 2026, which is 53% below its 10-year median of 11.53. GuruFocus rates NSE:SYNGENE with a GF Score™ of 86/100 and a GF Value™ of ₹723.94 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 136 Medical Diagnostics & Research companies, Syngene International ranks worse than 75% on this metric.

As of today (2026-08-31), Syngene International's current share price is ₹403.40. Syngene International's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹75.18. Syngene International's Cyclically Adjusted PS Ratio for today is 5.37.

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

NSE:SYNGENE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.13   Med: 11.53   Max: 15.3
Current: 5.36

During the past years, Syngene International's highest Cyclically Adjusted PS Ratio was 15.30. The lowest was 5.13. And the median was 11.53.

NSE:SYNGENE's Cyclically Adjusted PS Ratio is ranked worse than
75% of 136 companies
in the Medical Diagnostics & Research industry
Industry Median: 2.245 vs NSE:SYNGENE: 5.36

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.

Syngene International's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹17.991. 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 ₹75.18 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Syngene International  (NSE:SYNGENE) 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.


Syngene International Cyclically Adjusted PS Ratio Related Terms


Syngene International Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Syngene International'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.

Syngene International Cyclically Adjusted PS Ratio Chart

Syngene International 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 11.07 11.92 11.10 5.34

Syngene International 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 9.45 8.92 9.11 5.34 5.85

NSE:SYNGENE vs TMO, DHR, NTRA: Cyclically Adjusted PS Ratio Comparison

For the Diagnostics & Research subindustry, Syngene International'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.


Syngene International Cyclically Adjusted PS Ratio vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Syngene International's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:SYNGENE
86GF Score
Syngene International Ltd NSE:SYNGENE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Syngene International 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.

Syngene International's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=403.40/75.18
=5.37

* 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.

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

For example, Syngene International'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)
=17.991/167.3573*167.3573
=17.991

Current CPI (Jun. 2026) = 167.3573.

Syngene International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 7.646 105.961 12.076
201612 8.182 105.196 13.017
201703 7.338 105.196 11.674
201706 7.348 107.109 11.481
201709 8.434 109.021 12.947
201712 9.763 109.404 14.935
201803 10.288 109.786 15.683
201806 10.181 111.317 15.306
201809 10.532 115.142 15.308
201812 11.758 115.142 17.090
201903 10.659 118.202 15.092
201906 10.613 120.880 14.694
201909 11.678 123.175 15.867
201912 13.062 126.235 17.317
202003 11.939 124.705 16.022
202006 10.613 127.000 13.986
202009 12.975 130.118 16.688
202012 14.584 130.889 18.647
202103 14.043 131.771 17.836
202106 14.536 134.084 18.143
202109 14.912 135.847 18.371
202112 15.727 138.161 19.050
202203 17.030 138.822 20.531
202206 15.960 142.347 18.764
202209 19.052 144.661 22.041
202212 19.415 145.763 22.291
202303 21.994 146.865 25.063
202306 20.073 150.280 22.354
202309 22.655 151.492 25.028
202312 21.204 152.924 23.205
202403 19.857 153.035 21.715
202406 19.612 155.789 21.068
202409 22.170 157.882 23.501
202412 23.467 158.323 24.806
202503 25.325 157.552 26.901
202506 21.686 159.755 22.718
202509 22.663 162.289 23.371
202512 22.622 163.281 23.187
202603 25.720 164.272 26.203
202606 17.991 167.357 17.991

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 5.37 mean?
Syngene International (NSE:SYNGENE) has a Cyclically Adjusted PS Ratio of 5.37 as of Aug. 31, 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 Syngene International and its competitors. This is 53% below median its historical median of 11.53. Over the past decade, Syngene International's Cyclically Adjusted PS Ratio has ranged from 5.13 to 15.30. According to the industry distribution chart, Syngene International ranks #102 out of 136 companies in the Medical Diagnostics & Research industry, placing it in the top 75%.
Is Syngene International's Cyclically Adjusted PS Ratio too high?
Syngene International's current Cyclically Adjusted PS Ratio of 5.37 is 53% below median its 10-year median of 11.53. Over the past 10 years, this metric has ranged from a low of 5.13 to a high of 15.30. The Medical Diagnostics & Research industry median Cyclically Adjusted PS Ratio is 2.25. Syngene International's value of 5.37 is 139.2% above this industry median. Based on the distribution chart, Syngene International ranks #102 out of 136 companies in the Medical Diagnostics & Research industry, which is below the industry midpoint. Overall, Syngene International has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Syngene International's Cyclically Adjusted PS Ratio compare to TMO and DHR?
According to the Medical Diagnostics & Research industry distribution chart, Syngene International ranks #102 out of 136 companies for Cyclically Adjusted PS Ratio. This places Syngene International in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.25. Syngene International's value of 5.37 is 139.2% above this benchmark. Historically, Syngene International's own Cyclically Adjusted PS Ratio has ranged from 5.13 to 15.30 over the past decade. While the company's 10-year median is 11.53 vs. the industry median of 2.25, Syngene International 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 Medical Diagnostics & Research company?
The median Cyclically Adjusted PS Ratio among Medical Diagnostics & Research companies is 2.25, based on 136 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. Syngene International's current Cyclically Adjusted PS Ratio of 5.37 is 139.2% 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 Syngene International and its competitors. For the Medical Diagnostics & Research industry, the median Cyclically Adjusted PS Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Syngene International's current Cyclically Adjusted PS Ratio is 5.37, which is 53% below median its own 10-year median of 11.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Syngene International stock overvalued right now?
Based on GuruFocus' analysis, Syngene International (NSE:SYNGENE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹723.94, compared to a current price of ₹403.40 — trading 44.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.37, which is 53% below median its 10-year median of 11.53 and 139.2% above the Medical Diagnostics & Research industry median of 2.25. Syngene International's overall GF Score™ is 86/100 with 4 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 Syngene International (NSE:SYNGENE), the current Cyclically Adjusted PS Ratio is 5.37 as of Aug. 31, 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 Syngene International (NSE:SYNGENE) Overvalued in 2026?

Based on GuruFocus' analysis, Syngene International stock appears to be undervalued. The current stock price of ₹403.40 is trading 44.3% below its estimated GF Value™ of ₹723.94. GuruFocus considers Syngene International to be Significantly Undervalued.

Key valuation signals for NSE:SYNGENE:

  • Cyclically Adjusted PS Ratio: 5.37 (53% below median its 10-year median of 11.53)
  • GF Value™: ₹723.94 vs. price of ₹403.40 (44.3% below fair value)
  • GF Score™: 86/100 with 4 warning signs
  • Industry Position: 139.2% above the Medical Diagnostics & Research median (#102 of 136)

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


Syngene International Business Description

Other Exchanges 539268:India
Address Jigani Link Road, Biocon SEZ, Biocon Park, Plot No. 2 and 3, IV Phase, Bommasandra Industrial Area, Bangalore, KA, IND, 560 099
Syngene International Ltd is a contract research and manufacturing organization in India. It supports research and development programs, from lead generation to clinical and commercial supplies. The Company is engaged in a single operating segment of providing contract research and manufacturing services. The company operates in India, the United States of America and other countries, of which a majority of the revenue is derived from the USA. The company receives revenue by providing contract research and manufacturing services. It offers services such as Oligonucleotide synthesis, Bioinformatics, Clinical development services, polymer research, chemical development, safety assessment, discovery chemistry, discovery biology, and others.
86GF Score

Get the complete analysis for NSE:SYNGENE

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

₹403.40
Price
₹723.94
GF Value