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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, Central Depository Services (India)'s share price is ₹1418.20.
Central Depository Services (India)'s Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ₹54.79. Hence, Central Depository Services (India)'s PS Ratio for today is 25.88.
Central Depository Services (India) (NSE:CDSL) 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.
Central Depository Services (India) PS Ratio Related Terms
Central Depository Services (India) 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.
Central Depository Services (India) PS Ratio Chart
For the Capital Markets subindustry, Central Depository Services (India)'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.
Central Depository Services (India) PS Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Central Depository Services (India)'s PS Ratio distribution charts can be found below:
* The bar in red indicates where Central Depository Services (India)'s PS Ratio falls into.
Central Depository Services (India) PS Ratio Calculation
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.
Central Depository Services (India)'s Share Price of today is ₹1418.20. Central Depository Services (India)'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 ₹54.79.
* 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:
Central Depository Services (India) (NSE:CDSL) has a PS Ratio of 25.88 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 Central Depository Services (India) and its competitors. This is 17% above median its historical median of 22.08. Over the past decade, Central Depository Services (India)'s PS Ratio has ranged from 9.42 to 39.26. According to the industry distribution chart, Central Depository Services (India) ranks #679 out of 760 companies in the Capital Markets industry, placing it in the top 89.3%.
Is Central Depository Services (India)'s PS Ratio too high?
Central Depository Services (India)'s current PS Ratio of 25.88 is 17% above median its 10-year median of 22.08. Over the past 10 years, this metric has ranged from a low of 9.42 to a high of 39.26. The Capital Markets industry median PS Ratio is 4.11. Central Depository Services (India)'s value of 25.88 is 530.5% above this industry median. Based on the distribution chart, Central Depository Services (India) ranks #679 out of 760 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Central Depository Services (India) has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Central Depository Services (India)'s PS Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, Central Depository Services (India) ranks #679 out of 760 companies for PS Ratio. This places Central Depository Services (India) in the lower half of its industry. The industry median PS Ratio is 4.11. Central Depository Services (India)'s value of 25.88 is 530.5% above this benchmark. Historically, Central Depository Services (India)'s own PS Ratio has ranged from 9.42 to 39.26 over the past decade. While the company's 10-year median is 22.08 vs. the industry median of 4.11, Central Depository Services (India) 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 Capital Markets company?
The median PS Ratio among Capital Markets companies is 4.11, based on 760 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. Central Depository Services (India)'s current PS Ratio of 25.88 is 530.5% 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 Central Depository Services (India) and its competitors. For the Capital Markets industry, the median PS Ratio is 4.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Central Depository Services (India)'s current PS Ratio is 25.88, which is 17% above median its own 10-year median of 22.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Central Depository Services (India) stock overvalued right now?
Based on GuruFocus' analysis, Central Depository Services (India) (NSE:CDSL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,637.50, compared to a current price of ₹1,418.20 — trading 13.4% below its estimated fair value. The current PS Ratio is 25.88, which is 17% above median its 10-year median of 22.08 and 530.5% above the Capital Markets industry median of 4.11. Central Depository Services (India)'s overall GF Score™ is 97/100 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 Central Depository Services (India) (NSE:CDSL), the current PS Ratio is 25.88 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 Central Depository Services (India) (NSE:CDSL) Overvalued in 2026?
Based on GuruFocus' analysis, Central Depository Services (India) stock appears to be undervalued.
The current stock price of ₹1,418.20 is trading 13.4% below its estimated GF Value™ of ₹1,637.50.
GuruFocus considers Central Depository Services (India) to be Modestly Undervalued.
Key valuation signals for NSE:CDSL:
PS Ratio: 25.88 (17% above median its 10-year median of 22.08)
GF Value™: ₹1,637.50 vs. price of ₹1,418.20 (13.4% below fair value)
Industry Position: 530.5% above the Capital Markets median (#679 of 760)
No single metric tells the full story. See the NSE:CDSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Central Depository Services (India) Business Description
Central Depository Services (India) Ltd is a securities depository in India. It offers dematerialization for a wide range of securities, including equity shares, preference shares, mutual fund units, debt instruments, and government securities. In addition, it is involved in centralized record keeping of KYC documents of investors, and providing repository services to policyholders to store their receipts and policies in electronic form. The group operates in three segments: Depository, Data Entry, and Storage and Repository. A majority of its revenue is generated from the Depository segment, which provides various services to investors, including dematerialization, rematerialization, holding, transfer, and pledge of securities in electronic form, as well as e-voting services to companies.
97GF Score
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