Associated Ceramics (BOM:531168) Cyclically Adjusted Revenue per Share: ₹196.21 (As of Jun. 2026)

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BOM:531168 Associated Ceramics Ltd BOM:531168
63 GF Score
Price ₹159.00
GF Value ₹212.24
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Associated Ceramics Cyclically Adjusted Revenue per Share?

Associated Ceramics BOM:531168 -0.87% 63 Cyclically Adjusted Revenue per Share is ₹196.21 as of Jun. 2026. GuruFocus rates BOM:531168 with a GF Score™ of 63/100 and a GF Value™ of ₹212.24 (Modestly Undervalued). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Associated Ceramics's adjusted revenue per share for the three months ended in Jun. 2026 was ₹44.340. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ₹196.21 for the trailing ten years ended in Jun. 2026.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

As of today (2026-08-31), Associated Ceramics's current stock price is ₹159.00. Associated Ceramics's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹196.21. Associated Ceramics's Cyclically Adjusted PS Ratio of today is 0.81.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Associated Ceramics was 0.89. The lowest was 0.81. And the median was 0.83.


Associated Ceramics  (BOM:531168) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Associated Ceramics's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=159.00/196.21
=0.81

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Associated Ceramics was 0.89. The lowest was 0.81. And the median was 0.83.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Associated Ceramics Cyclically Adjusted Revenue per Share Related Terms


Associated Ceramics Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Associated Ceramics's Cyclically Adjusted Revenue per Share 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.

Associated Ceramics Cyclically Adjusted Revenue per Share Chart

Associated Ceramics Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Associated Ceramics Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Revenue per Share 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 0.00 0.00 0.00 0.00 196.21

BOM:531168 vs CRH, MLM, VMC: Cyclically Adjusted Revenue per Share Comparison

For the Building Materials subindustry, Associated Ceramics'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.


Associated Ceramics Cyclically Adjusted PS Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Associated Ceramics's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:531168
63GF Score
Associated Ceramics Ltd BOM:531168
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Associated Ceramics Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Associated Ceramics'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)
=44.34/167.3573*167.3573
=44.340

Current CPI (Jun. 2026) = 167.3573.

Associated Ceramics Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 17.312 91.425 31.690
201412 19.616 96.780 33.921
201503 12.810 97.163 22.064
201506 37.526 99.841 62.903
201512 13.833 102.901 22.498
201603 8.468 102.518 13.824
201606 23.219 105.961 36.673
201703 13.576 105.196 21.598
201706 21.871 107.109 34.173
201803 0.000 109.786 0.000
201903 0.000 118.202 0.000
201906 26.424 120.880 36.584
201909 54.587 123.175 74.167
201912 25.087 126.235 33.259
202003 34.598 124.705 46.431
202006 23.667 127.000 31.188
202009 32.710 130.118 42.072
202012 32.548 130.889 41.616
202103 44.025 131.771 55.915
202106 32.737 134.084 40.861
202109 51.048 135.847 62.889
202112 45.463 138.161 55.070
202203 38.084 138.822 45.912
202206 46.825 142.347 55.052
202209 72.080 144.661 83.389
202212 62.306 145.763 71.537
202303 90.739 146.865 103.400
202306 39.008 150.280 43.441
202309 44.673 151.492 49.351
202312 65.194 152.924 71.347
202403 48.805 153.035 53.373
202406 43.800 155.789 47.052
202409 60.662 157.882 64.303
202412 45.775 158.323 48.387
202503 55.322 157.552 58.765
202506 62.613 159.755 65.592
202509 73.759 162.289 76.062
202512 36.419 163.281 37.328
202603 45.087 164.272 45.934
202606 44.340 167.357 44.340

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of ₹196.21 mean?
Associated Ceramics (BOM:531168) has a Cyclically Adjusted Revenue per Share of ₹196.21 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Associated Ceramics and its competitors.
Is Associated Ceramics' Cyclically Adjusted Revenue per Share too high?
Associated Ceramics' current Cyclically Adjusted Revenue per Share is ₹196.21. Overall, Associated Ceramics has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Associated Ceramics' Cyclically Adjusted Revenue per Share compare to CRH and MLM?
Associated Ceramics' Cyclically Adjusted Revenue per Share of ₹196.21 can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Building Materials company?
A good Cyclically Adjusted Revenue per Share depends on the Building Materials industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Associated Ceramics and its competitors. Associated Ceramics's current Cyclically Adjusted Revenue per Share is ₹196.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Ceramics stock overvalued right now?
Based on GuruFocus' analysis, Associated Ceramics (BOM:531168) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹212.24, compared to a current price of ₹159.00 — trading 25.1% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₹196.21. Associated Ceramics' overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Associated Ceramics (BOM:531168), the current Cyclically Adjusted Revenue per Share is ₹196.21 as of Jun. 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 Associated Ceramics (BOM:531168) Overvalued in 2026?

Based on GuruFocus' analysis, Associated Ceramics stock appears to be undervalued. The current stock price of ₹159.00 is trading 25.1% below its estimated GF Value™ of ₹212.24. GuruFocus considers Associated Ceramics to be Modestly Undervalued.

Key valuation signals for BOM:531168:

  • Cyclically Adjusted Revenue per Share: ₹196.21
  • GF Value™: ₹212.24 vs. price of ₹159.00 (25.1% below fair value)
  • GF Score™: 63/100 with 4 warning signs

No single metric tells the full story. See the BOM:531168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Associated Ceramics Business Description

Address 17, Ganesh Chandra Avenue, 4th Floor, Kolkata, WB, IND, 700013
Associated Ceramics Ltd is mainly engaged in the manufacture and sale of refractory items. The company is involved in refractory and pottery work, the buying and selling of minerals and mineral products, and trading in cement, lime, and stone. It operates in two segments: refractory items and solar energy. The majority of its revenue comes from refractory items.
63GF Score

Get the complete analysis for BOM:531168

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

₹159.00
Price
₹212.24
GF Value