Veljan Denison (NSE:VELJAN) Cyclically Adjusted PS Ratio: (As of Aug. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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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:VELJAN Veljan Denison Ltd NSE:VELJAN
64 GF Score
Price ₹1,800.60
GF Value ₹1,306.29
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Veljan Denison 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


Veljan Denison  (NSE:VELJAN) 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.


Veljan Denison Cyclically Adjusted PS Ratio Related Terms


Veljan Denison Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for Veljan Denison'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.

Veljan Denison Cyclically Adjusted PS Ratio Chart

Veljan Denison 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 2.44 2.50 7.68 3.38 2.59

Veljan Denison 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 4.43 3.99 4.14 2.59 4.70

NSE:VELJAN vs : Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, Veljan Denison'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.


Veljan Denison Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Veljan Denison's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:VELJAN
64GF Score
Veljan Denison Ltd NSE:VELJAN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Veljan Denison 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.

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

For example, Veljan Denison'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)
=96.612/333.9520*333.9520
=96.612

Current CPI (Jun. 2026) = 333.9520.

Veljan Denison Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 48.735 241.428 67.412
201612 48.218 241.432 66.696
201703 27.778 243.801 38.050
201706 39.166 244.955 53.396
201709 51.448 246.819 69.610
201712 48.037 246.524 65.073
201803 75.156 249.554 100.573
201806 26.024 251.989 34.489
201809 45.397 252.439 60.056
201812 58.840 251.233 78.213
201903 63.366 254.202 83.246
201906 40.743 256.143 53.120
201909 45.966 256.759 59.785
201912 51.536 256.974 66.974
202003 45.232 258.115 58.522
202006 21.502 257.797 27.854
202009 38.728 260.280 49.690
202012 46.988 260.474 60.243
202103 55.957 264.877 70.550
202106 37.633 271.696 46.256
202109 57.159 274.310 69.587
202112 61.935 278.802 74.186
202203 60.110 287.504 69.821
202206 62.704 296.311 70.669
202209 69.769 296.808 78.500
202212 67.722 296.797 76.200
202303 66.894 301.836 74.012
202306 71.194 305.109 77.924
202309 75.320 307.789 81.722
202312 77.815 306.746 84.717
202403 80.923 312.332 86.525
202406 82.002 314.175 87.164
202409 82.968 315.301 87.876
202412 88.882 315.605 94.049
202503 92.148 319.799 96.226
202506 94.716 322.561 98.061
202509 85.852 324.800 88.271
202512 82.061 324.054 84.567
202603 102.012 330.213 103.167
202606 96.612 333.952 96.612

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 Veljan Denison (NSE:VELJAN) Overvalued in 2026?

Based on GuruFocus' analysis, Veljan Denison stock appears to be overvalued. The current stock price of ₹1,800.60 is trading 37.8% above its estimated GF Value™ of ₹1,306.29. GuruFocus considers Veljan Denison to be Significantly Overvalued.

Key valuation signals for NSE:VELJAN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹1,306.29 vs. price of ₹1,800.60 (37.8% above fair value)
  • GF Score™: 64/100 with 7 warning signs

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


Veljan Denison Business Description

Comparable Companies
Other Exchanges 505232:India
Address HCL Towers, Chikoti Gardens, Plot No. 44, 4th Floor, Begumpet, Hyderabad, TG, IND, 500016
Veljan Denison Ltd is an Indian-based company involved in diversified industry business sector. The company manufactures pumps, motors, valves, and custom-built power packs. It operates in one segment namely, Hydraulic equipment. Some of its products include Single Gear Pumps; Double Gear Pumps; Triple Gear Pumps; Bearing Pumps; Truck Pumps; Rig Pumps; Vane Motors; Pressure Controls; Seat Valves; Double Vane Pumps; HT Series; HG Series; Manifolds; Steering Gear System; Fin Stabilizer System and others. Majority of the revenue is generated from the sale of Pumps, Motors, Valves, and Spares.
64GF Score

Get the complete analysis for NSE:VELJAN

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

₹1,800.60
Price
₹1,306.29
GF Value