V-Mart Retail (NSE:VMART) Cyclically Adjusted PS Ratio: 2.50 (As of Jul. 09, 2026) — 15% Below Median


NSE:VMART V-Mart Retail Ltd NSE:VMART
90 GF Score
Price ₹784.95
GF Value ₹889.07
Valuation Modestly Undervalued
! 2 Warning Signs
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What is V-Mart Retail Cyclically Adjusted PS Ratio?

V-Mart Retail NSE:VMART +0.33% 90 Cyclically Adjusted PS Ratio is 2.50 as of Jul. 09, 2026, which is 15% below its 10-year median of 2.93. GuruFocus rates NSE:VMART with a GF Score™ of 90/100 and a GF Value™ of ₹889.07 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 796 Retail - Cyclical companies, V-Mart Retail ranks worse than 87.31% on this metric.

As of today (2026-07-09), V-Mart Retail's current share price is ₹784.95. V-Mart Retail's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹313.86. V-Mart Retail's Cyclically Adjusted PS Ratio for today is 2.50.

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

NSE:VMART' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.63   Med: 2.93   Max: 6.94
Current: 2.51

During the past years, V-Mart Retail's highest Cyclically Adjusted PS Ratio was 6.94. The lowest was 1.63. And the median was 2.93.

NSE:VMART's Cyclically Adjusted PS Ratio is ranked worse than
87.31% of 796 companies
in the Retail - Cyclical industry
Industry Median: 0.49 vs NSE:VMART: 2.51

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.

V-Mart Retail's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹127.387. 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 ₹313.86 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


V-Mart Retail  (NSE:VMART) 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.


V-Mart Retail Cyclically Adjusted PS Ratio Related Terms


V-Mart Retail Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for V-Mart Retail'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.

V-Mart Retail Cyclically Adjusted PS Ratio Chart

V-Mart Retail 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 5.78 2.64 2.27 2.69 1.52

V-Mart Retail 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 2.69 3.06 2.43 2.37 1.52

NSE:VMART vs DDS, M: Cyclically Adjusted PS Ratio Comparison

For the Department Stores subindustry, V-Mart Retail'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.


V-Mart Retail Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, V-Mart Retail's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where V-Mart Retail's Cyclically Adjusted PS Ratio falls into.


NSE:VMART
90GF Score
V-Mart Retail Ltd NSE:VMART
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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V-Mart Retail 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.

V-Mart Retail's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=784.95/313.86
=2.50

* 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.

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

For example, V-Mart Retail'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)
=127.387/164.2724*164.2724
=127.387

Current CPI (Mar. 2026) = 164.2724.

V-Mart Retail Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 31.402 105.961 48.683
201609 27.272 105.961 42.280
201612 45.235 105.196 70.638
201703 34.692 105.196 54.174
201706 43.415 107.109 66.585
201709 31.908 109.021 48.079
201712 50.679 109.404 76.096
201803 40.919 109.786 61.227
201806 49.679 111.317 73.312
201809 36.166 115.142 51.598
201812 64.228 115.142 91.634
201903 47.205 118.202 65.604
201906 62.356 120.880 84.740
201909 43.272 123.175 57.710
201912 77.317 126.235 100.614
202003 45.781 124.705 60.307
202006 10.745 127.000 13.898
202009 24.155 130.118 30.495
202012 64.554 130.889 81.019
202103 45.526 131.771 56.755
202106 22.505 134.084 27.572
202109 42.113 135.847 50.925
202112 87.301 138.161 103.800
202203 56.937 138.822 67.375
202206 74.376 142.347 85.832
202209 64.109 144.661 72.800
202212 98.034 145.763 110.483
202303 73.893 146.865 82.652
202306 85.820 150.280 93.811
202309 69.472 151.492 75.333
202312 111.801 152.924 120.097
202403 81.709 153.035 87.709
202406 99.070 155.789 104.465
202409 83.513 157.882 86.893
202412 128.287 158.323 133.108
202503 97.352 157.552 101.505
202506 110.916 159.755 114.052
202509 101.883 162.289 103.128
202512 141.198 163.281 142.055
202603 127.387 164.272 127.387

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 2.50 mean?
V-Mart Retail (NSE:VMART) has a Cyclically Adjusted PS Ratio of 2.50 as of Jul. 09, 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 V-Mart Retail and its competitors. This is 15% below median its historical median of 2.93. Over the past decade, V-Mart Retail's Cyclically Adjusted PS Ratio has ranged from 1.63 to 6.94. According to the industry distribution chart, V-Mart Retail ranks #695 out of 796 companies in the Retail - Cyclical industry, placing it in the top 87.3%.
Is V-Mart Retail's Cyclically Adjusted PS Ratio too high?
V-Mart Retail's current Cyclically Adjusted PS Ratio of 2.50 is 15% below median its 10-year median of 2.93. Over the past 10 years, this metric has ranged from a low of 1.63 to a high of 6.94. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.49. V-Mart Retail's value of 2.50 is 410.2% above this industry median. Based on the distribution chart, V-Mart Retail ranks #695 out of 796 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, V-Mart Retail has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does V-Mart Retail's Cyclically Adjusted PS Ratio compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, V-Mart Retail ranks #695 out of 796 companies for Cyclically Adjusted PS Ratio. This places V-Mart Retail in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.49. V-Mart Retail's value of 2.50 is 410.2% above this benchmark. Historically, V-Mart Retail's own Cyclically Adjusted PS Ratio has ranged from 1.63 to 6.94 over the past decade. While the company's 10-year median is 2.93 vs. the industry median of 0.49, V-Mart Retail 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 Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.49, based on 796 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. V-Mart Retail's current Cyclically Adjusted PS Ratio of 2.50 is 410.2% 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 V-Mart Retail and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. V-Mart Retail's current Cyclically Adjusted PS Ratio is 2.50, which is 15% below median its own 10-year median of 2.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is V-Mart Retail stock overvalued right now?
Based on GuruFocus' analysis, V-Mart Retail (NSE:VMART) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹889.07, compared to a current price of ₹784.95 — trading 11.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.50, which is 15% below median its 10-year median of 2.93 and 410.2% above the Retail - Cyclical industry median of 0.49. V-Mart Retail's overall GF Score™ is 90/100 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 V-Mart Retail (NSE:VMART), the current Cyclically Adjusted PS Ratio is 2.50 as of Jul. 09, 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 V-Mart Retail (NSE:VMART) Overvalued in 2026?

Based on GuruFocus' analysis, V-Mart Retail stock appears to be undervalued. The current stock price of ₹784.95 is trading 11.7% below its estimated GF Value™ of ₹889.07. GuruFocus considers V-Mart Retail to be Modestly Undervalued.

Key valuation signals for NSE:VMART:

  • Cyclically Adjusted PS Ratio: 2.50 (15% below median its 10-year median of 2.93)
  • GF Value™: ₹889.07 vs. price of ₹784.95 (11.7% below fair value)
  • GF Score™: 90/100 with 2 warning signs
  • Industry Position: 410.2% above the Retail - Cyclical median (#695 of 796)

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


V-Mart Retail Business Description

Other Exchanges 534976:India
Address Industrial Area, Phase - V, Plot No. 862, Udyog Vihar, Gurugram, HR, IND, 122016
V-Mart Retail Ltd is engaged in the retailing of readymade garments, accessories, and other products. It is involved in the business of Value Retailing through the chain of stores situated in various cities in India. It provides a range of apparel and accessories for men, women, boys, girls, and toddlers. The company's general merchandise includes Footwear, Home furnishing, Kitchenware, Toys and games, Bags and luggage, and Crockery. The company has two segments: Retail Trade, which includes domestic sales to customers at stores; and the Digital Marketplace segment includes commission and other income by providing Limeroad platform to vendors. It generates a majority of its revenue from the Retail Trade segment.
90GF Score

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

₹784.95
Price
₹889.07
GF Value