Themis Medicare (NSE:THEMISMED) Cyclically Adjusted PS Ratio: 2.61 (As of Aug. 20, 2026) — 28% Below Median

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NSE:THEMISMED Themis Medicare Ltd NSE:THEMISMED
74 GF Score
Price ₹102.77
GF Value ₹140.99
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Themis Medicare Cyclically Adjusted PS Ratio?

Themis Medicare NSE:THEMISMED -2.44% 74 Cyclically Adjusted PS Ratio is 2.61 as of Aug. 20, 2026, which is 28% below its 10-year median of 3.62. GuruFocus rates NSE:THEMISMED with a GF Score™ of 74/100 and a GF Value™ of ₹140.99 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 750 Drug Manufacturers companies, Themis Medicare ranks worse than 58.8% on this metric.

As of today (2026-08-20), Themis Medicare's current share price is ₹102.77. Themis Medicare's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹39.34. Themis Medicare's Cyclically Adjusted PS Ratio for today is 2.61.

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

NSE:THEMISMED' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.81   Med: 3.62   Max: 7.82
Current: 2.67

During the past years, Themis Medicare's highest Cyclically Adjusted PS Ratio was 7.82. The lowest was 1.81. And the median was 3.62.

NSE:THEMISMED's Cyclically Adjusted PS Ratio is ranked worse than
58.8% of 750 companies
in the Drug Manufacturers industry
Industry Median: 2.045 vs NSE:THEMISMED: 2.67

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.

Themis Medicare's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹9.434. 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 ₹39.34 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Themis Medicare  (NSE:THEMISMED) 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.


Themis Medicare Cyclically Adjusted PS Ratio Related Terms


Themis Medicare Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Themis Medicare'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.

Themis Medicare Cyclically Adjusted PS Ratio Chart

Themis Medicare 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 2.94 3.42 6.09 3.90 1.71

Themis Medicare 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 3.40 3.49 2.61 1.71 2.78

NSE:THEMISMED vs ZTS: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Themis Medicare'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.


Themis Medicare Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Themis Medicare's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:THEMISMED
74GF Score
Themis Medicare Ltd NSE:THEMISMED
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Themis Medicare 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.

Themis Medicare's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=102.77/39.34
=2.61

* 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.

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

For example, Themis Medicare'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)
=9.434/167.3573*167.3573
=9.434

Current CPI (Jun. 2026) = 167.3573.

Themis Medicare Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 7.240 105.961 11.435
201609 6.087 105.961 9.614
201612 5.874 105.196 9.345
201703 5.408 105.196 8.604
201709 6.695 109.021 10.277
201712 5.385 109.404 8.238
201803 5.603 109.786 8.541
201806 5.400 111.317 8.119
201809 5.418 115.142 7.875
201812 5.354 115.142 7.782
201903 4.020 118.202 5.692
201906 5.593 120.880 7.743
201909 5.487 123.175 7.455
201912 5.857 126.235 7.765
202003 4.885 124.705 6.556
202006 5.279 127.000 6.957
202009 5.972 130.118 7.681
202012 7.129 130.889 9.115
202103 6.577 131.771 8.353
202106 12.217 134.084 15.249
202109 11.644 135.847 14.345
202112 10.294 138.161 12.469
202203 8.308 138.822 10.016
202206 10.245 142.347 12.045
202209 9.873 144.661 11.422
202212 9.604 145.763 11.027
202303 7.624 146.865 8.688
202306 10.466 150.280 11.655
202309 11.386 151.492 12.578
202312 8.959 152.924 9.805
202403 10.048 153.035 10.988
202406 13.353 155.789 14.345
202409 12.689 157.882 13.451
202412 10.838 158.323 11.456
202503 7.790 157.552 8.275
202506 10.568 159.755 11.071
202509 8.413 162.289 8.676
202512 9.733 163.281 9.976
202603 8.268 164.272 8.423
202606 9.434 167.357 9.434

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 2.61 mean?
Themis Medicare (NSE:THEMISMED) has a Cyclically Adjusted PS Ratio of 2.61 as of Aug. 20, 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 Themis Medicare and its competitors. This is 28% below median its historical median of 3.62. Over the past decade, Themis Medicare's Cyclically Adjusted PS Ratio has ranged from 1.81 to 7.82. According to the industry distribution chart, Themis Medicare ranks #441 out of 750 companies in the Drug Manufacturers industry, placing it in the top 58.8%.
Is Themis Medicare's Cyclically Adjusted PS Ratio too high?
Themis Medicare's current Cyclically Adjusted PS Ratio of 2.61 is 28% below median its 10-year median of 3.62. Over the past 10 years, this metric has ranged from a low of 1.81 to a high of 7.82. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 2.05. Themis Medicare's value of 2.61 is 27.6% above this industry median. Based on the distribution chart, Themis Medicare ranks #441 out of 750 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Themis Medicare has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Themis Medicare's Cyclically Adjusted PS Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Themis Medicare ranks #441 out of 750 companies for Cyclically Adjusted PS Ratio. This places Themis Medicare in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.05. Themis Medicare's value of 2.61 is 27.6% above this benchmark. Historically, Themis Medicare's own Cyclically Adjusted PS Ratio has ranged from 1.81 to 7.82 over the past decade. While the company's 10-year median is 3.62 vs. the industry median of 2.05, Themis Medicare 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 Drug Manufacturers company?
The median Cyclically Adjusted PS Ratio among Drug Manufacturers companies is 2.05, based on 750 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. Themis Medicare's current Cyclically Adjusted PS Ratio of 2.61 is 27.6% 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 Themis Medicare and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Themis Medicare's current Cyclically Adjusted PS Ratio is 2.61, which is 28% below median its own 10-year median of 3.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Themis Medicare stock overvalued right now?
Based on GuruFocus' analysis, Themis Medicare (NSE:THEMISMED) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹140.99, compared to a current price of ₹102.77 — trading 27.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.61, which is 28% below median its 10-year median of 3.62 and 27.6% above the Drug Manufacturers industry median of 2.05. Themis Medicare's overall GF Score™ is 74/100 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 Themis Medicare (NSE:THEMISMED), the current Cyclically Adjusted PS Ratio is 2.61 as of Aug. 20, 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 Themis Medicare (NSE:THEMISMED) Overvalued in 2026?

Based on GuruFocus' analysis, Themis Medicare stock appears to be undervalued. The current stock price of ₹102.77 is trading 27.1% below its estimated GF Value™ of ₹140.99. GuruFocus considers Themis Medicare to be Modestly Undervalued.

Key valuation signals for NSE:THEMISMED:

  • Cyclically Adjusted PS Ratio: 2.61 (28% below median its 10-year median of 3.62)
  • GF Value™: ₹140.99 vs. price of ₹102.77 (27.1% below fair value)
  • GF Score™: 74/100 with 3 warning signs
  • Industry Position: 27.6% above the Drug Manufacturers median (#441 of 750)

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


Themis Medicare Business Description

Other Exchanges 530199:India
Address Swami Vivekanand Road, 11/12, Udyog Nagar Industrial Estate, Goregaon (West), Mumbai, MH, IND, 400 104
Themis Medicare Ltd is an Indian based company engaged in the manufacturing and marketing of pharmaceutical products. The Company operates only in one business segment which is Pharmaceuticals. Geographically, it derives a majority of revenue from India and also has a presence in the international market. Its product categories include Anti Malarial, CCD products, Nutritional Gummies, and Candy and Other Products such as OD-LM, Dexem, Medzol and Tazowin.
74GF Score

Get the complete analysis for NSE:THEMISMED

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

₹102.77
Price
₹140.99
GF Value