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Happy ForgingsNSE:HAPPYFORGE -0.07%47 PS Ratio is 9.74 as of Jul. 14, 2026, which is 32% above its 10-year median of 7.37. GuruFocus rates NSE:HAPPYFORGE with a GF Score™ of 47/100. The stock has 6 warning signs investors should review. Among 3,022 Industrial Products companies, Happy Forgings ranks worse than 90.44% 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, Happy Forgings's share price is ₹1591.90.
Happy Forgings's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ₹163.46. Hence, Happy Forgings's PS Ratio for today is 9.74.
Warning Sign:
Happy Forgings Ltd stock PS Ratio (=10.51) is close to 3-year high of 10.51.
The historical rank and industry rank for Happy Forgings's PS Ratio or its related term are showing as below:
NSE:HAPPYFORGE'
s PS Ratio Range Over the Past 10 Years
Min: 5.13 Med: 7.37 Max: 9.75
Current: 9.74
During the past 6 years, Happy Forgings's highest PS Ratio was 9.75. The lowest was 5.13. And the median was 7.37.
NSE:HAPPYFORGE's PS Ratio is ranked worse than 90.44% of 3022
companies
in the Industrial Products industry
Industry Median: 2.005
vs NSE:HAPPYFORGE: 9.74
Happy Forgings Ltd revenue growth has slowed down over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Happy Forgings was 9.50% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 9.70% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 20.00% per year.
During the past 6 years, Happy Forgings's highest 3-Year average Revenue per Share Growth Rate was 31.30% per year. The lowest was 9.70% per year. And the median was 17.70% per year.
Back to Basics: PS Ratio
Happy Forgings (NSE:HAPPYFORGE) 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.
Happy Forgings PS Ratio Related Terms
Happy Forgings PS Ratio Historical Data
* Premium members only.
The historical data trend for Happy Forgings'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:HAPPYFORGE vs CRS, ATI, MLI: PS Ratio Comparison
For the Metal Fabrication subindustry, Happy Forgings'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.
Happy Forgings PS Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Happy Forgings's PS Ratio distribution charts can be found below:
* The bar in red indicates where Happy Forgings'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.
Happy Forgings's Share Price of today is ₹1591.90. Happy Forgings'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 ₹163.46.
* 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:
Happy Forgings (NSE:HAPPYFORGE) has a PS Ratio of 9.74 as of Jul. 14, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Happy Forgings and its competitors. This is 32% above median its historical median of 7.37. Over the past decade, Happy Forgings' PS Ratio has ranged from 5.13 to 9.75. According to the industry distribution chart, Happy Forgings ranks #2733 out of 3022 companies in the Industrial Products industry, placing it in the top 90.4%.
Is Happy Forgings' PS Ratio too high?
Happy Forgings' current PS Ratio of 9.74 is 32% above median its 10-year median of 7.37. Over the past 10 years, this metric has ranged from a low of 5.13 to a high of 9.75. The Industrial Products industry median PS Ratio is 2.01. Happy Forgings' value of 9.74 is 385.8% above this industry median. Based on the distribution chart, Happy Forgings ranks #2733 out of 3022 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Happy Forgings has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Happy Forgings' PS Ratio compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Happy Forgings ranks #2733 out of 3022 companies for PS Ratio. This places Happy Forgings in the lower half of its industry. The industry median PS Ratio is 2.01. Happy Forgings' value of 9.74 is 385.8% above this benchmark. Historically, Happy Forgings' own PS Ratio has ranged from 5.13 to 9.75 over the past decade. While the company's 10-year median is 7.37 vs. the industry median of 2.01, Happy Forgings 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 Industrial Products company?
The median PS Ratio among Industrial Products companies is 2.01, based on 3,022 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. Happy Forgings's current PS Ratio of 9.74 is 385.8% 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 Happy Forgings and its competitors. For the Industrial Products industry, the median PS Ratio is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Forgings's current PS Ratio is 9.74, which is 32% above median its own 10-year median of 7.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happy Forgings stock overvalued right now?
Happy Forgings (NSE:HAPPYFORGE) has a current PS Ratio of 9.74. The current PS Ratio is 9.74, which is 32% above median its 10-year median of 7.37 and 385.8% above the Industrial Products industry median of 2.01. Happy Forgings' overall GF Score™ is 47/100 with 6 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 Happy Forgings (NSE:HAPPYFORGE), the current PS Ratio is 9.74 as of Jul. 14, 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.
Happy Forgings Ltd is a manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components. The company manufactures, designs, and tests various products such as crankshafts, front axle carriers, steering knuckles, differential housings, transmission parts, pinion shafts, suspension products, and valve bodies for different industries and customers. The Company business comprises only the Forging segment where the company sells forged products comprising of forgings and machined components for the automotive and industrial sectors. The company generates the majority of its revenue within India.
47GF Score
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