Astron Paper & Board Mill (NSE:ASTRON) Cyclically Adjusted Revenue per Share: ₹82.34 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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:ASTRON Astron Paper & Board Mill Ltd NSE:ASTRON
28 GF Score
Price ₹3.85
GF Value ₹0.28
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Astron Paper & Board Mill Cyclically Adjusted Revenue per Share?

Astron Paper & Board Mill NSE:ASTRON -1.79% 28 Cyclically Adjusted Revenue per Share is ₹82.34 as of Mar. 2026. GuruFocus rates NSE:ASTRON with a GF Score™ of 28/100 and a GF Value™ of ₹0.28 (Significantly Overvalued). The stock has 7 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.

Astron Paper & Board Mill's adjusted revenue per share for the three months ended in Mar. 2026 was ₹0.014. 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 ₹82.34 for the trailing ten years ended in Mar. 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 (2026-07-29), Astron Paper & Board Mill's current stock price is ₹3.85. Astron Paper & Board Mill's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹82.34. Astron Paper & Board Mill's Cyclically Adjusted PS Ratio of today is 0.05.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Astron Paper & Board Mill was 0.07. The lowest was 0.04. And the median was 0.05.


Astron Paper & Board Mill  (NSE:ASTRON) 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.

Astron Paper & Board Mill's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=3.85/82.34
=0.05

* 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 Astron Paper & Board Mill was 0.07. The lowest was 0.04. And the median was 0.05.


Be Aware

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


Astron Paper & Board Mill Cyclically Adjusted Revenue per Share Related Terms


Astron Paper & Board Mill Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Astron Paper & Board Mill'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.

Astron Paper & Board Mill Cyclically Adjusted Revenue per Share Chart

Astron Paper & Board Mill 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 82.34

Astron Paper & Board Mill Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 82.75 82.34

Astron Paper & Board Mill Cyclically Adjusted Revenue per Share Competitor Comparison

For the Paper & Paper Products subindustry, Astron Paper & Board Mill'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.


Astron Paper & Board Mill Cyclically Adjusted PS Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Astron Paper & Board Mill's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Astron Paper & Board Mill's Cyclically Adjusted PS Ratio falls into.


NSE:ASTRON
28GF Score
Astron Paper & Board Mill Ltd NSE:ASTRON
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Astron Paper & Board Mill 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, Astron Paper & Board Mill'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)
=0.014/164.2724*164.2724
=0.014

Current CPI (Mar. 2026) = 164.2724.

Astron Paper & Board Mill Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201612 9.252 105.196 14.448
201703 14.456 105.196 22.574
201706 10.809 107.109 16.578
201709 13.051 109.021 19.665
201712 13.979 109.404 20.990
201803 14.571 109.786 21.802
201806 21.966 111.317 32.416
201809 21.838 115.142 31.156
201812 21.316 115.142 30.411
201903 19.872 118.202 27.617
201906 17.750 120.880 24.122
201909 18.326 123.175 24.440
201912 19.733 126.235 25.679
202003 21.288 124.705 28.042
202006 14.298 127.000 18.494
202009 21.585 130.118 27.251
202012 26.684 130.889 33.490
202103 30.337 131.771 37.820
202106 24.449 134.084 29.954
202109 25.070 135.847 30.316
202112 30.264 138.161 35.984
202203 28.643 138.822 33.894
202206 24.879 142.347 28.711
202209 21.401 144.661 24.302
202212 18.822 145.763 21.212
202303 19.795 146.865 22.141
202306 17.033 150.280 18.619
202309 17.049 151.492 18.487
202312 15.762 152.924 16.932
202403 1.639 153.035 1.759
202406 12.596 155.789 13.282
202409 7.627 157.882 7.936
202412 0.295 158.323 0.306
202503 0.191 157.552 0.199
202506 0.275 159.755 0.283
202509 0.000 162.289 0.000
202512 0.312 163.281 0.314
202603 0.014 164.272 0.014

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 ₹82.34 mean?
Astron Paper & Board Mill (NSE:ASTRON) has a Cyclically Adjusted Revenue per Share of ₹82.34 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Astron Paper & Board Mill and its competitors.
Is Astron Paper & Board Mill's Cyclically Adjusted Revenue per Share too high?
Astron Paper & Board Mill's current Cyclically Adjusted Revenue per Share is ₹82.34. Overall, Astron Paper & Board Mill has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Astron Paper & Board Mill's Cyclically Adjusted Revenue per Share compare to competitors?
Astron Paper & Board Mill's Cyclically Adjusted Revenue per Share of ₹82.34 can be compared against companies in the Forest Products 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 Forest Products company?
A good Cyclically Adjusted Revenue per Share depends on the Forest Products 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 Astron Paper & Board Mill and its competitors. Astron Paper & Board Mill's current Cyclically Adjusted Revenue per Share is ₹82.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astron Paper & Board Mill stock overvalued right now?
Based on GuruFocus' analysis, Astron Paper & Board Mill (NSE:ASTRON) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.28, compared to a current price of ₹3.85 — trading 1275% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₹82.34. Astron Paper & Board Mill's overall GF Score™ is 28/100 with 7 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 Astron Paper & Board Mill (NSE:ASTRON), the current Cyclically Adjusted Revenue per Share is ₹82.34 as of Mar. 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 Astron Paper & Board Mill (NSE:ASTRON) Overvalued in 2026?

Based on GuruFocus' analysis, Astron Paper & Board Mill stock appears to be overvalued. The current stock price of ₹3.85 is trading 1275% above its estimated GF Value™ of ₹0.28. GuruFocus considers Astron Paper & Board Mill to be Significantly Overvalued.

Key valuation signals for NSE:ASTRON:

  • Cyclically Adjusted Revenue per Share: ₹82.34
  • GF Value™: ₹0.28 vs. price of ₹3.85 (1275% above fair value)
  • GF Score™: 28/100 with 7 warning signs

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


Astron Paper & Board Mill Business Description

Other Exchanges 540824:India
Address S G Highway, Ganesh Meridian, D-702, 7th Floor, Opposite High Court, Ahmedabad, GJ, IND, 380060
Astron Paper & Board Mill Ltd is a prominent Indian company specializing in the manufacturing of recycled corrugated paper and Kraft paper derived from waste paper. The company mainly focuses on producing a wide range of Kraft papers that serve various packaging needs. Its product portfolio includes varied products like VTL, High RCT, Kraft Liner, Test Liner, and Corrugated Medium Paper, ranging mainly from 80 GSM to 350 GSM and 16 to 40 BF. The company's dominant source of income is from the sale of Kraft paper.
28GF Score

Get the complete analysis for NSE:ASTRON

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

₹3.85
Price
₹0.28
GF Value