TVS Motor Co (NSE:TVSMOTOR) Cyclically Adjusted PS Ratio: 5.68 (As of Sep. 08, 2026) — 15% Above Median

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NSE:TVSMOTOR TVS Motor Co Ltd NSE:TVSMOTOR
88 GF Score
Price ₹4,132.00
GF Value ₹4,255.84
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is TVS Motor Co Cyclically Adjusted PS Ratio?

TVS Motor Co NSE:TVSMOTOR -0.03% 88 Cyclically Adjusted PS Ratio is 5.68 as of Sep. 08, 2026, which is 15% above its 10-year median of 4.92. GuruFocus rates NSE:TVSMOTOR with a GF Score™ of 88/100 and a GF Value™ of ₹4,255.84 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,036 Vehicles & Parts companies, TVS Motor Co ranks worse than 94.31% on this metric.

As of today (2026-09-08), TVS Motor Co's current share price is ₹4132.00. TVS Motor Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹728.08. TVS Motor Co's Cyclically Adjusted PS Ratio for today is 5.68.

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

NSE:TVSMOTOR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.78   Med: 4.92   Max: 6.04
Current: 5.68

During the past years, TVS Motor Co's highest Cyclically Adjusted PS Ratio was 6.04. The lowest was 3.78. And the median was 4.92.

NSE:TVSMOTOR's Cyclically Adjusted PS Ratio is ranked worse than
94.31% of 1036 companies
in the Vehicles & Parts industry
Industry Median: 0.73 vs NSE:TVSMOTOR: 5.68

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.

TVS Motor Co's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹343.037. 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 ₹728.08 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TVS Motor Co  (NSE:TVSMOTOR) 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.


TVS Motor Co Cyclically Adjusted PS Ratio Related Terms


TVS Motor Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TVS Motor Co'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.

TVS Motor Co Cyclically Adjusted PS Ratio Chart

TVS Motor Co 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 0.00 0.00 4.04 4.84

TVS Motor Co 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 4.69 5.29 5.53 4.84 4.75

NSE:TVSMOTOR vs TSLA, GM, F: Cyclically Adjusted PS Ratio Comparison

For the Auto Manufacturers subindustry, TVS Motor Co'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.


TVS Motor Co Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, TVS Motor Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:TVSMOTOR
88GF Score
TVS Motor Co Ltd NSE:TVSMOTOR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TVS Motor Co 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.

TVS Motor Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4132.00/728.08
=5.68

* 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.

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

For example, TVS Motor Co'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)
=343.037/167.3573*167.3573
=343.037

Current CPI (Jun. 2026) = 167.3573.

TVS Motor Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201203 0.000 76.889 0.000
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 97.290 111.317 146.269
201809 115.044 115.142 167.215
201812 107.773 115.142 156.647
201903 64.246 118.202 90.963
201906 105.577 120.880 146.171
201909 104.460 123.175 141.929
201912 100.313 126.235 132.991
202003 36.929 124.705 49.560
202006 40.876 127.000 53.865
202009 110.677 130.118 142.352
202012 128.280 130.889 164.021
202103 78.854 131.771 100.150
202106 97.787 134.084 122.053
202109 136.538 135.847 168.209
202112 138.737 138.161 168.055
202203 74.741 138.822 90.104
202206 154.043 142.347 181.108
202209 180.164 144.661 208.430
202212 169.692 145.763 194.832
202303 73.508 146.865 83.765
202306 190.577 150.280 212.233
202309 209.023 151.492 230.913
202312 212.947 152.924 233.045
202403 75.069 153.035 82.095
202406 217.085 155.789 233.205
202409 235.734 157.882 249.881
202412 232.188 158.323 245.437
202503 242.892 157.552 258.009
202506 256.995 159.755 269.224
202509 295.693 162.289 304.927
202512 310.618 163.281 318.373
202603 316.850 164.272 322.800
202606 343.037 167.357 343.037

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 5.68 mean?
TVS Motor Co (NSE:TVSMOTOR) has a Cyclically Adjusted PS Ratio of 5.68 as of Sep. 08, 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 TVS Motor Co and its competitors. This is 15% above median its historical median of 4.92. Over the past decade, TVS Motor Co's Cyclically Adjusted PS Ratio has ranged from 3.78 to 6.04. According to the industry distribution chart, TVS Motor Co ranks #977 out of 1036 companies in the Vehicles & Parts industry, placing it in the top 94.3%.
Is TVS Motor Co's Cyclically Adjusted PS Ratio too high?
TVS Motor Co's current Cyclically Adjusted PS Ratio of 5.68 is 15% above median its 10-year median of 4.92. Over the past 10 years, this metric has ranged from a low of 3.78 to a high of 6.04. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.73. TVS Motor Co's value of 5.68 is 678.1% above this industry median. Based on the distribution chart, TVS Motor Co ranks #977 out of 1036 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, TVS Motor Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TVS Motor Co's Cyclically Adjusted PS Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, TVS Motor Co ranks #977 out of 1036 companies for Cyclically Adjusted PS Ratio. This places TVS Motor Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.73. TVS Motor Co's value of 5.68 is 678.1% above this benchmark. Historically, TVS Motor Co's own Cyclically Adjusted PS Ratio has ranged from 3.78 to 6.04 over the past decade. While the company's 10-year median is 4.92 vs. the industry median of 0.73, TVS Motor Co 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 Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.73, based on 1,036 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. TVS Motor Co's current Cyclically Adjusted PS Ratio of 5.68 is 678.1% 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 TVS Motor Co and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TVS Motor Co's current Cyclically Adjusted PS Ratio is 5.68, which is 15% above median its own 10-year median of 4.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TVS Motor Co stock overvalued right now?
Based on GuruFocus' analysis, TVS Motor Co (NSE:TVSMOTOR) is currently considered Fairly Valued. The stock's GF Value™ is ₹4,255.84, compared to a current price of ₹4,132.00 — trading 2.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.68, which is 15% above median its 10-year median of 4.92 and 678.1% above the Vehicles & Parts industry median of 0.73. TVS Motor Co's overall GF Score™ is 88/100 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 TVS Motor Co (NSE:TVSMOTOR), the current Cyclically Adjusted PS Ratio is 5.68 as of Sep. 08, 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 TVS Motor Co (NSE:TVSMOTOR) Overvalued in 2026?

Based on GuruFocus' analysis, TVS Motor Co stock appears to be undervalued. The current stock price of ₹4,132.00 is trading 2.9% below its estimated GF Value™ of ₹4,255.84. GuruFocus considers TVS Motor Co to be Fairly Valued.

Key valuation signals for NSE:TVSMOTOR:

  • Cyclically Adjusted PS Ratio: 5.68 (15% above median its 10-year median of 4.92)
  • GF Value™: ₹4,255.84 vs. price of ₹4,132.00 (2.9% below fair value)
  • GF Score™: 88/100 with 2 warning signs
  • Industry Position: 678.1% above the Vehicles & Parts median (#977 of 1036)

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


TVS Motor Co Business Description

Other Exchanges 532343:India
Address Khader Nawaz Khan Road, Chaitanya, No. 12, Nungambakkam, Chennai, TN, IND, 600006
TVS Motor Co Ltd is an Indian automobile manufacturing company focused on the production of two-wheeled vehicles. The company principally manufactures motorcycles, scooters, mopeds, three-wheelers, and related spare parts and accessories. The company's reportable segments are Automotive vehicles and parts, Automotive Components, Financial Services, and Others. The company generates a majority of its revenue from the Automotive vehicles and parts segment. Geographically, the company derives its key revenue from India and the rest from other countries through exports.
88GF Score

Get the complete analysis for NSE:TVSMOTOR

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

₹4,132.00
Price
₹4,255.84
GF Value