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The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, National General Industries's share price is ₹59.93.
National General Industries's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ₹19.48. Hence, National General Industries's PS Ratio for today is 3.08.
Warning Sign:
National General Industries Ltd stock PS Ratio (=3.45) is close to 2-year high of 3.56.
The historical rank and industry rank for National General Industries's PS Ratio or its related term are showing as below:
BOM:531651'
s PS Ratio Range Over the Past 10 Years
Min: 0.65 Med: 1.06 Max: 19.36
Current: 3.08
During the past 13 years, National General Industries's highest PS Ratio was 19.36. The lowest was 0.65. And the median was 1.06.
BOM:531651's PS Ratio is ranked worse than 90% of 610
companies
in the Steel industry
Industry Median: 0.59
vs BOM:531651: 3.08
National General Industries Ltd revenue per share has been in decline for the last 5 years.
During the past 12 months, the average Revenue per Share Growth Rate of National General Industries was -6.90% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -10.00% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -13.10% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -5.60% per year.
During the past 13 years, National General Industries's highest 3-Year average Revenue per Share Growth Rate was 26.60% per year. The lowest was -26.40% per year. And the median was -4.55% per year.
National General Industries (BOM:531651) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
National General Industries PS Ratio Related Terms
National General Industries PS Ratio Historical Data
* 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.
For the Steel subindustry, National General Industries's PS Ratio, along with its competitors' market caps and 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.
National General Industries PS Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, National General Industries's PS Ratio distribution charts can be found below:
* The bar in red indicates where National General Industries's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
National General Industries's Share Price of today is ₹59.93. National General Industries's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹19.48.
* 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.
It can also be calculated from the numbers for the whole company:
National General Industries (BOM:531651) has a PS Ratio of 3.08 as of Aug. 23, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on National General Industries and its competitors. This is 191% above median its historical median of 1.06. Over the past decade, National General Industries' PS Ratio has ranged from 0.65 to 19.36. According to the industry distribution chart, National General Industries ranks #549 out of 610 companies in the Steel industry, placing it in the top 90%.
Is National General Industries' PS Ratio too high?
National General Industries' current PS Ratio of 3.08 is 191% above median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 19.36. The Steel industry median PS Ratio is 0.59. National General Industries' value of 3.08 is 422% above this industry median. Based on the distribution chart, National General Industries ranks #549 out of 610 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, National General Industries has a GF Score™ of 53/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National General Industries' PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, National General Industries ranks #549 out of 610 companies for PS Ratio. This places National General Industries in the lower half of its industry. The industry median PS Ratio is 0.59. National General Industries' value of 3.08 is 422% above this benchmark. Historically, National General Industries' own PS Ratio has ranged from 0.65 to 19.36 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 0.59, National General Industries 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 PS Ratio for a Steel company?
The median PS Ratio among Steel companies is 0.59, based on 610 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National General Industries's current PS Ratio of 3.08 is 422% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on National General Industries and its competitors. For the Steel industry, the median PS Ratio is 0.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National General Industries's current PS Ratio is 3.08, which is 191% above median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National General Industries stock overvalued right now?
Based on GuruFocus' analysis, National General Industries (BOM:531651) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹53.08, compared to a current price of ₹59.93 — trading 12.9% above its estimated fair value. The current PS Ratio is 3.08, which is 191% above median its 10-year median of 1.06 and 422% above the Steel industry median of 0.59. National General Industries' overall GF Score™ is 53/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For National General Industries (BOM:531651), the current PS Ratio is 3.08 as of Aug. 23, 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 National General Industries (BOM:531651) Overvalued in 2026?
Based on GuruFocus' analysis, National General Industries stock appears to be overvalued.
The current stock price of ₹59.93 is trading 12.9% above its estimated GF Value™ of ₹53.08.
GuruFocus considers National General Industries to be Modestly Overvalued.
Key valuation signals for BOM:531651:
PS Ratio: 3.08 (191% above median its 10-year median of 1.06)
GF Value™: ₹53.08 vs. price of ₹59.93 (12.9% above fair value)
Industry Position: 422% above the Steel median (#549 of 610)
No single metric tells the full story. See the BOM:531651 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National General Industries Ltd is active in the steel industry, engaged in the production and sale of steel through its rolling unit located in Ghaziabad, Uttar Pradesh. It manufactures hot-rolled steel rounds, steel squares, and steel flats. The company operates in two segments: steel manufacturing and investments, with the majority of its revenue generated from steel manufacturing.
53GF Score
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