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Ashok LeylandNSE:ASHOKLEY -0.28%86 PS Ratio is 1.62 as of Jul. 21, 2026, which is 17% above its 10-year median of 1.38. GuruFocus rates NSE:ASHOKLEY with a GF Score™ of 86/100 and a GF Value™ of ₹127.98 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 209 Farm & Heavy Construction Machinery companies, Ashok Leyland ranks worse than 66.03% on this metric.
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, Ashok Leyland's share price is ₹154.80.
Ashok Leyland's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ₹95.47. Hence, Ashok Leyland's PS Ratio for today is 1.62.
The historical rank and industry rank for Ashok Leyland's PS Ratio or its related term are showing as below:
NSE:ASHOKLEY'
s PS Ratio Range Over the Past 10 Years
Min: 0.48 Med: 1.38 Max: 5.54
Current: 1.63
During the past 13 years, Ashok Leyland's highest PS Ratio was 5.54. The lowest was 0.48. And the median was 1.38.
NSE:ASHOKLEY's PS Ratio is ranked worse than 66.03% of 209
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.07
vs NSE:ASHOKLEY: 1.63
During the past 12 months, the average Revenue per Share Growth Rate of Ashok Leyland was 16.20% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 10.60% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 23.00% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 9.30% per year.
During the past 13 years, Ashok Leyland's highest 3-Year average Revenue per Share Growth Rate was 32.90% per year. The lowest was -12.80% per year. And the median was 15.00% per year.
Back to Basics: PS Ratio
Ashok Leyland (NSE:ASHOKLEY) 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.
Ashok Leyland PS Ratio Related Terms
Ashok Leyland PS Ratio Historical Data
* Premium members only.
The historical data trend for Ashok Leyland's 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.
NSE:ASHOKLEY vs CAT, DE, PCAR: PS Ratio Comparison
For the Farm & Heavy Construction Machinery subindustry, Ashok Leyland'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.
Ashok Leyland PS Ratio vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Ashok Leyland's PS Ratio distribution charts can be found below:
* The bar in red indicates where Ashok Leyland'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.
Ashok Leyland's Share Price of today is ₹154.80. Ashok Leyland'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 ₹95.47.
* 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:
Ashok Leyland (NSE:ASHOKLEY) has a PS Ratio of 1.62 as of Jul. 21, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Ashok Leyland and its competitors. This is 17% above median its historical median of 1.38. Over the past decade, Ashok Leyland's PS Ratio has ranged from 0.48 to 5.54. According to the industry distribution chart, Ashok Leyland ranks #138 out of 209 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 66%.
Is Ashok Leyland's PS Ratio too high?
Ashok Leyland's current PS Ratio of 1.62 is 17% above median its 10-year median of 1.38. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 5.54. The Farm & Heavy Construction Machinery industry median PS Ratio is 1.07. Ashok Leyland's value of 1.62 is 51.4% above this industry median. Based on the distribution chart, Ashok Leyland ranks #138 out of 209 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Ashok Leyland has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ashok Leyland's PS Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Ashok Leyland ranks #138 out of 209 companies for PS Ratio. This places Ashok Leyland in the lower half of its industry. The industry median PS Ratio is 1.07. Ashok Leyland's value of 1.62 is 51.4% above this benchmark. Historically, Ashok Leyland's own PS Ratio has ranged from 0.48 to 5.54 over the past decade. While the company's 10-year median is 1.38 vs. the industry median of 1.07, Ashok Leyland 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 Farm & Heavy Construction Machinery company?
The median PS Ratio among Farm & Heavy Construction Machinery companies is 1.07, based on 209 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. Ashok Leyland's current PS Ratio of 1.62 is 51.4% 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 Ashok Leyland and its competitors. For the Farm & Heavy Construction Machinery industry, the median PS Ratio is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashok Leyland's current PS Ratio is 1.62, which is 17% above median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashok Leyland stock overvalued right now?
Based on GuruFocus' analysis, Ashok Leyland (NSE:ASHOKLEY) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹127.98, compared to a current price of ₹154.80 — trading 21% above its estimated fair value. The current PS Ratio is 1.62, which is 17% above median its 10-year median of 1.38 and 51.4% above the Farm & Heavy Construction Machinery industry median of 1.07. Ashok Leyland's overall GF Score™ is 86/100 with 1 warning sign 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 Ashok Leyland (NSE:ASHOKLEY), the current PS Ratio is 1.62 as of Jul. 21, 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 Ashok Leyland (NSE:ASHOKLEY) Overvalued in 2026?
Based on GuruFocus' analysis, Ashok Leyland stock appears to be overvalued.
The current stock price of ₹154.80 is trading 21% above its estimated GF Value™ of ₹127.98.
GuruFocus considers Ashok Leyland to be Modestly Overvalued.
Key valuation signals for NSE:ASHOKLEY:
PS Ratio: 1.62 (17% above median its 10-year median of 1.38)
GF Value™: ₹127.98 vs. price of ₹154.80 (21% above fair value)
Industry Position: 51.4% above the Farm & Heavy Construction Machinery median (#138 of 209)
No single metric tells the full story. See the NSE:ASHOKLEY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashok Leyland Ltd is an automobile manufacturing company. The company manufactures commercial vehicles, engines, spare parts, and accessories, with the vast majority of revenue being derived from commercial vehicle sales. It produces and sells vehicles across different categories such as Trucks, Buses, Light Commercial Vehicles, and Defence. The company's operating segments are; Commercial vehicles, and Financial services. Geographically, it derives the majority revenue within India and the rest from other markets.
86GF Score
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