Thacker (NSE:THACKER) Cyclically Adjusted PS Ratio: (As of Aug. 21, 2026)

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.
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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:THACKER Thacker & Co Ltd NSE:THACKER
56 GF Score
Price ₹1,100.00
GF Value ₹1,224.40
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Thacker Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thacker  (NSE:THACKER) 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.


Thacker Cyclically Adjusted PS Ratio Related Terms


Thacker Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Thacker'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.

Thacker Cyclically Adjusted PS Ratio Chart

Thacker 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 6.55 14.17 25.65 16.36

Thacker 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 35.23 34.58 29.17 16.36 0.00

NSE:THACKER vs : Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Thacker'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.


Thacker Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Thacker's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:THACKER
56GF Score
Thacker & Co Ltd NSE:THACKER
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thacker 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.

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

For example, Thacker'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)
=5.086/333.9520*333.9520
=5.086

Current CPI (Jun. 2026) = 333.9520.

Thacker Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 7.103 241.428 9.825
201612 5.614 241.432 7.765
201703 5.217 243.801 7.146
201706 10.189 244.955 13.891
201709 8.514 246.819 11.520
201712 8.975 246.524 12.158
201803 17.938 249.554 24.005
201806 5.937 251.989 7.868
201809 7.199 252.439 9.524
201812 5.625 251.233 7.477
201903 8.245 254.202 10.832
201906 6.707 256.143 8.744
201909 10.610 256.759 13.800
201912 14.119 256.974 18.348
202003 19.024 258.115 24.613
202006 7.491 257.797 9.704
202009 11.343 260.280 14.554
202012 11.761 260.474 15.079
202103 18.365 264.877 23.154
202106 10.459 271.696 12.856
202109 11.161 274.310 13.588
202112 10.945 278.802 13.110
202203 28.369 287.504 32.952
202206 10.811 296.311 12.184
202209 5.950 296.808 6.695
202212 4.997 296.797 5.623
202303 12.952 301.836 14.330
202306 4.698 305.109 5.142
202309 6.544 307.789 7.100
202312 4.671 306.746 5.085
202403 12.339 312.332 13.193
202406 4.969 314.175 5.282
202409 4.795 315.301 5.079
202412 6.587 315.605 6.970
202503 11.833 319.799 12.357
202506 4.938 322.561 5.112
202509 4.938 324.800 5.077
202512 5.684 324.054 5.858
202603 5.828 330.213 5.894
202606 5.086 333.952 5.086

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 Thacker (NSE:THACKER) Overvalued in 2026?

Based on GuruFocus' analysis, Thacker stock appears to be undervalued. The current stock price of ₹1,100.00 is trading 10.2% below its estimated GF Value™ of ₹1,224.40. GuruFocus considers Thacker to be Modestly Undervalued.

Key valuation signals for NSE:THACKER:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹1,224.40 vs. price of ₹1,100.00 (10.2% below fair value)
  • GF Score™: 56/100 with 3 warning signs

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


Thacker Business Description

Comparable Companies
Other Exchanges 509945:India
Address 60, Dr. V. B. Gandhi Marg, Jatia Chambers, Fort, Mumbai, MH, IND, 400 001
Thacker & Co Ltd is a non-banking finance company. It has an interest in investments, Finance, Trading, Information Technology, and FMCG. Its business segments include Investment and Finance; Business Centre; Trading Business; and other unallocables. The company generates maximum revenue from the Business Centre segment.
56GF Score

Get the complete analysis for NSE:THACKER

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

₹1,100.00
Price
₹1,224.40
GF Value