Karnavati Finance (BOM:538928) Cyclically Adjusted Revenue per Share: ₹0.32 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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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.

BOM:538928 Karnavati Finance Ltd BOM:538928
59 GF Score
Price ₹1.36
GF Value ₹5.93
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Karnavati Finance Cyclically Adjusted Revenue per Share?

Karnavati Finance BOM:538928 59 Cyclically Adjusted Revenue per Share is ₹0.32 as of Jun. 2026. GuruFocus rates BOM:538928 with a GF Score™ of 59/100 and a GF Value™ of ₹5.93 (Possible Value Trap). The stock has 8 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.

Karnavati Finance's adjusted revenue per share for the three months ended in Jun. 2026 was ₹0.184. 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 ₹0.32 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Karnavati Finance's average Cyclically Adjusted Revenue Growth Rate was 23.10% per year. 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 (2026-09-03), Karnavati Finance's current stock price is ₹1.36. Karnavati Finance's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹0.32. Karnavati Finance's Cyclically Adjusted PS Ratio of today is 4.25.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Karnavati Finance was 7.92. The lowest was 4.03. And the median was 5.14.


Karnavati Finance  (BOM:538928) 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.

Karnavati Finance's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1.36/0.32
=4.25

* 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 Karnavati Finance was 7.92. The lowest was 4.03. And the median was 5.14.


Be Aware

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


Karnavati Finance Cyclically Adjusted Revenue per Share Related Terms


Karnavati Finance Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Karnavati Finance'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.

Karnavati Finance Cyclically Adjusted Revenue per Share Chart

Karnavati Finance 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 0.30

Karnavati Finance 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 0.26 0.26 0.28 0.30 0.32

BOM:538928 vs V, MA, AXP: Cyclically Adjusted Revenue per Share Comparison

For the Credit Services subindustry, Karnavati Finance'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.


Karnavati Finance Cyclically Adjusted PS Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Karnavati Finance's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BOM:538928
59GF Score
Karnavati Finance Ltd BOM:538928
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Karnavati Finance 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, Karnavati Finance'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)
=0.184/167.3573*167.3573
=0.184

Current CPI (Jun. 2026) = 167.3573.

Karnavati Finance Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.010 105.961 0.016
201612 0.001 105.196 0.002
201703 0.001 105.196 0.002
201706 0.026 107.109 0.041
201709 0.034 109.021 0.052
201712 0.061 109.404 0.093
201803 0.079 109.786 0.120
201806 0.074 111.317 0.111
201809 0.079 115.142 0.115
201812 0.075 115.142 0.109
201903 0.094 118.202 0.133
201906 0.087 120.880 0.120
201909 0.090 123.175 0.122
201912 0.052 126.235 0.069
202003 0.045 124.705 0.060
202006 0.038 127.000 0.050
202009 0.026 130.118 0.033
202012 0.039 130.889 0.050
202103 0.000 131.771 0.000
202106 0.046 134.084 0.057
202109 0.033 135.847 0.041
202112 0.034 138.161 0.041
202203 0.079 138.822 0.095
202206 0.059 142.347 0.069
202209 0.063 144.661 0.073
202212 0.065 145.763 0.075
202303 0.101 146.865 0.115
202306 0.063 150.280 0.070
202309 0.120 151.492 0.133
202312 0.039 152.924 0.043
202403 0.089 153.035 0.097
202406 0.050 155.789 0.054
202409 0.029 157.882 0.031
202412 0.041 158.323 0.043
202503 0.026 157.552 0.028
202506 0.024 159.755 0.025
202509 0.055 162.289 0.057
202512 0.229 163.281 0.235
202603 0.260 164.272 0.265
202606 0.184 167.357 0.184

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 ₹0.32 mean?
Karnavati Finance (BOM:538928) has a Cyclically Adjusted Revenue per Share of ₹0.32 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 Karnavati Finance and its competitors.
Is Karnavati Finance's Cyclically Adjusted Revenue per Share too high?
Karnavati Finance's current Cyclically Adjusted Revenue per Share is ₹0.32. Overall, Karnavati Finance has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Karnavati Finance's Cyclically Adjusted Revenue per Share compare to V and MA?
Karnavati Finance's Cyclically Adjusted Revenue per Share of ₹0.32 can be compared against companies in the Credit Services 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 Credit Services company?
A good Cyclically Adjusted Revenue per Share depends on the Credit Services 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 Karnavati Finance and its competitors. Karnavati Finance's current Cyclically Adjusted Revenue per Share is ₹0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karnavati Finance stock overvalued right now?
Based on GuruFocus' analysis, Karnavati Finance (BOM:538928) is currently considered Possible Value Trap. The stock's GF Value™ is ₹5.93, compared to a current price of ₹1.36 — trading 77.1% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₹0.32. Karnavati Finance's overall GF Score™ is 59/100 with 8 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 Karnavati Finance (BOM:538928), the current Cyclically Adjusted Revenue per Share is ₹0.32 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 Karnavati Finance (BOM:538928) Overvalued in 2026?

Based on GuruFocus' analysis, Karnavati Finance stock appears to be undervalued. The current stock price of ₹1.36 is trading 77.1% below its estimated GF Value™ of ₹5.93. GuruFocus considers Karnavati Finance to be Possible Value Trap.

Key valuation signals for BOM:538928:

  • Cyclically Adjusted Revenue per Share: ₹0.32
  • GF Value™: ₹5.93 vs. price of ₹1.36 (77.1% below fair value)
  • GF Score™: 59/100 with 8 warning signs

No single metric tells the full story. See the BOM:538928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Karnavati Finance Business Description

Address Limda Lane, Vraj, 5th Floor, Near Bhumi Press, Opposite Hotel President, Jamnagar, GJ, IND, 361001
Karnavati Finance Ltd is a non-banking financial company. The company provides lending, financing, and wealth management solutions. It offers customized solutions in areas of personal and business loans, corporate finance, mortgages, capital market-based lending, project loans, structured finance, wealth management, digital lending, debt capital markets, and syndication. The company generates revenue in the form of Interest Income.
59GF Score

Get the complete analysis for BOM:538928

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

₹1.36
Price
₹5.93
GF Value