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Bharat DynamicsNSE:BDL -0.63%86 PS Ratio is 19.04 as of Jul. 19, 2026, which is 323% above its 10-year median of 4.50. GuruFocus rates NSE:BDL with a GF Score™ of 86/100 and a GF Value™ of ₹1,259.98 (Fairly Valued). The stock has 7 warning signs investors should review. Among 347 Aerospace & Defense companies, Bharat Dynamics ranks worse than 89.05% 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, Bharat Dynamics's share price is ₹1254.80.
Bharat Dynamics's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ₹65.90. Hence, Bharat Dynamics's PS Ratio for today is 19.04.
The historical rank and industry rank for Bharat Dynamics's PS Ratio or its related term are showing as below:
NSE:BDL'
s PS Ratio Range Over the Past 10 Years
Min: 1.11 Med: 4.5 Max: 28.18
Current: 19.05
During the past 13 years, Bharat Dynamics's highest PS Ratio was 28.18. The lowest was 1.11. And the median was 4.50.
NSE:BDL's PS Ratio is ranked worse than 89.05% of 347
companies
in the Aerospace & Defense industry
Industry Median: 3.48
vs NSE:BDL: 19.05
Bharat Dynamics Ltd revenue per share is in decline over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Bharat Dynamics was -27.30% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -0.90% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 5.70% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -5.10% per year.
During the past 13 years, Bharat Dynamics's highest 3-Year average Revenue per Share Growth Rate was 52.10% per year. The lowest was -24.10% per year. And the median was -0.90% per year.
Back to Basics: PS Ratio
Bharat Dynamics (NSE:BDL) 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.
Bharat Dynamics PS Ratio Related Terms
Bharat Dynamics PS Ratio Historical Data
* Premium members only.
The historical data trend for Bharat Dynamics'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.
For the Aerospace & Defense subindustry, Bharat Dynamics'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.
Bharat Dynamics PS Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Bharat Dynamics's PS Ratio distribution charts can be found below:
* The bar in red indicates where Bharat Dynamics'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.
Bharat Dynamics's Share Price of today is ₹1254.80. Bharat Dynamics'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 ₹65.90.
* 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:
Bharat Dynamics (NSE:BDL) has a PS Ratio of 19.04 as of Jul. 19, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Bharat Dynamics and its competitors. This is 323% above median its historical median of 4.50. Over the past decade, Bharat Dynamics' PS Ratio has ranged from 1.11 to 28.18. According to the industry distribution chart, Bharat Dynamics ranks #309 out of 347 companies in the Aerospace & Defense industry, placing it in the top 89%.
Is Bharat Dynamics' PS Ratio too high?
Bharat Dynamics' current PS Ratio of 19.04 is 323% above median its 10-year median of 4.50. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 28.18. The Aerospace & Defense industry median PS Ratio is 3.48. Bharat Dynamics' value of 19.04 is 447.1% above this industry median. Based on the distribution chart, Bharat Dynamics ranks #309 out of 347 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Bharat Dynamics has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bharat Dynamics' PS Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Bharat Dynamics ranks #309 out of 347 companies for PS Ratio. This places Bharat Dynamics in the lower half of its industry. The industry median PS Ratio is 3.48. Bharat Dynamics' value of 19.04 is 447.1% above this benchmark. Historically, Bharat Dynamics' own PS Ratio has ranged from 1.11 to 28.18 over the past decade. While the company's 10-year median is 4.50 vs. the industry median of 3.48, Bharat Dynamics 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 an Aerospace & Defense company?
The median PS Ratio among Aerospace & Defense companies is 3.48, based on 347 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. Bharat Dynamics's current PS Ratio of 19.04 is 447.1% 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 Bharat Dynamics and its competitors. For the Aerospace & Defense industry, the median PS Ratio is 3.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Dynamics's current PS Ratio is 19.04, which is 323% above median its own 10-year median of 4.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Dynamics stock overvalued right now?
Based on GuruFocus' analysis, Bharat Dynamics (NSE:BDL) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,259.98, compared to a current price of ₹1,254.80 — trading 0.4% below its estimated fair value. The current PS Ratio is 19.04, which is 323% above median its 10-year median of 4.50 and 447.1% above the Aerospace & Defense industry median of 3.48. Bharat Dynamics' overall GF Score™ is 86/100 with 7 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 Bharat Dynamics (NSE:BDL), the current PS Ratio is 19.04 as of Jul. 19, 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 Bharat Dynamics (NSE:BDL) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Dynamics stock appears to be undervalued.
The current stock price of ₹1,254.80 is trading 0.4% below its estimated GF Value™ of ₹1,259.98.
GuruFocus considers Bharat Dynamics to be Fairly Valued.
Key valuation signals for NSE:BDL:
PS Ratio: 19.04 (323% above median its 10-year median of 4.50)
GF Value™: ₹1,259.98 vs. price of ₹1,254.80 (0.4% below fair value)
Industry Position: 447.1% above the Aerospace & Defense median (#309 of 347)
No single metric tells the full story. See the NSE:BDL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Dynamics Ltd is engaged in the manufacturing of Missiles and allied Defence equipment. The Company provides the majority of its goods and services to the Indian Armed Forces and the Government of India. Its products comprise Milan-2T ATGM, Helina, Astra Weapon System, FLAME, Anti-Submarine Warfare Suite (ASW SUITE), Astra Weapon Systemothers, and Others.
86GF Score
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