TIL (NSE:TIL) Cyclically Adjusted PS Ratio: 1.83 (As of Jul. 23, 2026) — 81% Above Median

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NSE:TIL TIL Ltd NSE:TIL
62 GF Score
Price ₹209.99
GF Value ₹362.71
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is TIL Cyclically Adjusted PS Ratio?

TIL NSE:TIL -5.47% 62 Cyclically Adjusted PS Ratio is 1.83 as of Jul. 23, 2026, which is 81% above its 10-year median of 1.01. GuruFocus rates NSE:TIL with a GF Score™ of 62/100 and a GF Value™ of ₹362.71 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 169 Farm & Heavy Construction Machinery companies, TIL ranks worse than 72.19% on this metric.

As of today (2026-07-23), TIL's current share price is ₹209.99. TIL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹114.69. TIL's Cyclically Adjusted PS Ratio for today is 1.83.

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

NSE:TIL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.1   Med: 1.01   Max: 2.53
Current: 1.9

During the past years, TIL's highest Cyclically Adjusted PS Ratio was 2.53. The lowest was 0.10. And the median was 1.01.

NSE:TIL's Cyclically Adjusted PS Ratio is ranked worse than
72.19% of 169 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.04 vs NSE:TIL: 1.90

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.

TIL's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹15.938. 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 ₹114.69 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TIL  (NSE:TIL) 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.


TIL Cyclically Adjusted PS Ratio Related Terms


TIL Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TIL'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.

TIL Cyclically Adjusted PS Ratio Chart

TIL 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 0.10 0.16 0.74 1.37 1.43

TIL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.37 2.48 2.17 2.12 1.43

NSE:TIL vs CAT, DE, PCAR: Cyclically Adjusted PS Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, TIL'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.


TIL Cyclically Adjusted PS Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, TIL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:TIL
62GF Score
TIL Ltd NSE:TIL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TIL 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=209.99/114.69
=1.83

* 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.

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

For example, TIL's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=15.938/164.2724*164.2724
=15.938

Current CPI (Mar. 2026) = 164.2724.

TIL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 101.667 96.780 172.567
201503 125.442 97.163 212.084
201506 96.828 99.841 159.316
201509 104.487 101.753 168.686
201512 130.937 102.901 209.030
201603 -248.798 102.518 -398.667
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 24.849 111.317 36.670
201809 27.933 115.142 39.852
201812 30.657 115.142 43.738
201903 33.453 118.202 46.492
201906 29.015 120.880 39.431
201909 29.448 123.175 39.273
201912 21.851 126.235 28.435
202003 20.807 124.705 27.409
202006 12.200 127.000 15.780
202009 22.617 130.118 28.554
202012 31.097 130.889 39.028
202103 18.282 131.771 22.791
202106 3.106 134.084 3.805
202109 4.504 135.847 5.446
202112 4.741 138.161 5.637
202203 5.278 138.822 6.246
202206 4.153 142.347 4.793
202209 0.411 144.661 0.467
202212 3.004 145.763 3.385
202303 4.288 146.865 4.796
202306 0.936 150.280 1.023
202309 5.400 151.492 5.856
202312 11.811 152.924 12.687
202403 4.834 153.035 5.189
202406 9.931 155.789 10.472
202409 9.935 157.882 10.337
202412 11.766 158.323 12.208
202503 15.290 157.552 15.942
202506 9.240 159.755 9.501
202509 11.538 162.289 11.679
202512 10.816 163.281 10.882
202603 15.938 164.272 15.938

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 1.83 mean?
TIL (NSE:TIL) has a Cyclically Adjusted PS Ratio of 1.83 as of Jul. 23, 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 TIL and its competitors. This is 81% above median its historical median of 1.01. Over the past decade, TIL's Cyclically Adjusted PS Ratio has ranged from 0.10 to 2.53. According to the industry distribution chart, TIL ranks #122 out of 169 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 72.2%.
Is TIL's Cyclically Adjusted PS Ratio too high?
TIL's current Cyclically Adjusted PS Ratio of 1.83 is 81% above median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 2.53. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PS Ratio is 1.04. TIL's value of 1.83 is 76% above this industry median. Based on the distribution chart, TIL ranks #122 out of 169 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, TIL has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TIL's Cyclically Adjusted PS Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, TIL ranks #122 out of 169 companies for Cyclically Adjusted PS Ratio. This places TIL in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.04. TIL's value of 1.83 is 76% above this benchmark. Historically, TIL's own Cyclically Adjusted PS Ratio has ranged from 0.10 to 2.53 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 1.04, TIL 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 Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PS Ratio among Farm & Heavy Construction Machinery companies is 1.04, based on 169 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. TIL's current Cyclically Adjusted PS Ratio of 1.83 is 76% 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 TIL and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PS Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TIL's current Cyclically Adjusted PS Ratio is 1.83, which is 81% above median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TIL stock overvalued right now?
Based on GuruFocus' analysis, TIL (NSE:TIL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹362.71, compared to a current price of ₹209.99 — trading 42.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.83, which is 81% above median its 10-year median of 1.01 and 76% above the Farm & Heavy Construction Machinery industry median of 1.04. TIL's overall GF Score™ is 62/100 with 6 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 TIL (NSE:TIL), the current Cyclically Adjusted PS Ratio is 1.83 as of Jul. 23, 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 TIL (NSE:TIL) Overvalued in 2026?

Based on GuruFocus' analysis, TIL stock appears to be undervalued. The current stock price of ₹209.99 is trading 42.1% below its estimated GF Value™ of ₹362.71. GuruFocus considers TIL to be Possible Value Trap.

Key valuation signals for NSE:TIL:

  • Cyclically Adjusted PS Ratio: 1.83 (81% above median its 10-year median of 1.01)
  • GF Value™: ₹362.71 vs. price of ₹209.99 (42.1% below fair value)
  • GF Score™: 62/100 with 6 warning signs
  • Industry Position: 76% above the Farm & Heavy Construction Machinery median (#122 of 169)

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


TIL Business Description

Other Exchanges 890237:India505196:India
Address 1, Taratolla Road, Garden Reach, Kolkata, WB, IND, 700024
TIL Ltd is an India based company engaged in providing customized designs manufactures and markets a comprehensive range of material handling, lifting, port equipment, road building solutions, with integrated customer support and after-sales service. The company operates in only Material handling solutions segment which comprises manufacturing and marketing of various materials handling equipment such as mobile cranes, port equipment, self-loading truck cranes, and road construction equipment as well as dealing in spares and providing services to related equipment. Geographically, the group has a business presence in India and outside India of which key revenue is earned within the Indian market.
62GF Score

Get the complete analysis for NSE:TIL

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

₹209.99
Price
₹362.71
GF Value