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IndusInd BankNSE:INDUSINDBK -0.28%72 PS Ratio is 3.24 as of Aug. 05, 2026, which is 17% below its 10-year median of 3.89. GuruFocus rates NSE:INDUSINDBK with a GF Score™ of 72/100 and a GF Value™ of ₹935.93 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,514 Banks companies, IndusInd Bank ranks worse than 52.77% 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, IndusInd Bank's share price is ₹1026.00.
IndusInd Bank's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 was ₹316.80. Hence, IndusInd Bank's PS Ratio for today is 3.24.
Warning Sign:
IndusInd Bank Ltd stock PS Ratio (=3.18) is close to 1-year high of 3.29.
The historical rank and industry rank for IndusInd Bank's PS Ratio or its related term are showing as below:
NSE:INDUSINDBK'
s PS Ratio Range Over the Past 10 Years
Min: 1.17 Med: 3.89 Max: 9.72
Current: 3.19
During the past 13 years, IndusInd Bank's highest PS Ratio was 9.72. The lowest was 1.17. And the median was 3.89.
NSE:INDUSINDBK's PS Ratio is ranked worse than 52.77% of 1514
companies
in the Banks industry
Industry Median: 3.07
vs NSE:INDUSINDBK: 3.19
IndusInd Bank 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 IndusInd Bank was -3.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -0.50% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 5.00% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 9.40% per year.
During the past 13 years, IndusInd Bank's highest 3-Year average Revenue per Share Growth Rate was 35.60% per year. The lowest was -6.80% per year. And the median was 20.80% per year.
IndusInd Bank (NSE:INDUSINDBK) 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.
IndusInd Bank PS Ratio Related Terms
IndusInd Bank PS Ratio Historical Data
* Premium members only.
The historical data trend for IndusInd Bank'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 Banks - Regional subindustry, IndusInd Bank'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.
IndusInd Bank PS Ratio vs Banks Industry
For the Banks industry and Financial Services sector, IndusInd Bank's PS Ratio distribution charts can be found below:
* The bar in red indicates where IndusInd Bank'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.
IndusInd Bank's Share Price of today is ₹1026.00. IndusInd Bank's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹316.80.
* 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:
IndusInd Bank (NSE:INDUSINDBK) has a PS Ratio of 3.24 as of Aug. 05, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on IndusInd Bank and its competitors. This is 17% below median its historical median of 3.89. Over the past decade, IndusInd Bank's PS Ratio has ranged from 1.17 to 9.72. According to the industry distribution chart, IndusInd Bank ranks #799 out of 1514 companies in the Banks industry, placing it in the top 52.8%.
Is IndusInd Bank's PS Ratio too high?
IndusInd Bank's current PS Ratio of 3.24 is 17% below median its 10-year median of 3.89. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 9.72. The Banks industry median PS Ratio is 3.07. IndusInd Bank's value of 3.24 is 5.5% above this industry median. Based on the distribution chart, IndusInd Bank ranks #799 out of 1514 companies in the Banks industry, which is below the industry midpoint. Overall, IndusInd Bank has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IndusInd Bank's PS Ratio compare to competitors?
According to the Banks industry distribution chart, IndusInd Bank ranks #799 out of 1514 companies for PS Ratio. This places IndusInd Bank in the lower half of its industry. The industry median PS Ratio is 3.07. IndusInd Bank's value of 3.24 is 5.5% above this benchmark. Historically, IndusInd Bank's own PS Ratio has ranged from 1.17 to 9.72 over the past decade. While the company's 10-year median is 3.89 vs. the industry median of 3.07, IndusInd Bank 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 Banks company?
The median PS Ratio among Banks companies is 3.07, based on 1,514 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. IndusInd Bank's current PS Ratio of 3.24 is 5.5% 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 IndusInd Bank and its competitors. For the Banks industry, the median PS Ratio is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IndusInd Bank's current PS Ratio is 3.24, which is 17% below median its own 10-year median of 3.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IndusInd Bank stock overvalued right now?
Based on GuruFocus' analysis, IndusInd Bank (NSE:INDUSINDBK) is currently considered Fairly Valued. The stock's GF Value™ is ₹935.93, compared to a current price of ₹1,026.00 — trading 9.6% above its estimated fair value. The current PS Ratio is 3.24, which is 17% below median its 10-year median of 3.89 and 5.5% above the Banks industry median of 3.07. IndusInd Bank's overall GF Score™ is 72/100 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 IndusInd Bank (NSE:INDUSINDBK), the current PS Ratio is 3.24 as of Aug. 05, 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 IndusInd Bank (NSE:INDUSINDBK) Overvalued in 2026?
Based on GuruFocus' analysis, IndusInd Bank stock appears to be overvalued.
The current stock price of ₹1,026.00 is trading 9.6% above its estimated GF Value™ of ₹935.93.
GuruFocus considers IndusInd Bank to be Fairly Valued.
Key valuation signals for NSE:INDUSINDBK:
PS Ratio: 3.24 (17% below median its 10-year median of 3.89)
GF Value™: ₹935.93 vs. price of ₹1,026.00 (9.6% above fair value)
Industry Position: 5.5% above the Banks median (#799 of 1514)
No single metric tells the full story. See the NSE:INDUSINDBK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IndusInd Bank Ltd is a full-service banking group operating in India. Its services include consumer banking, credit cards, consumer finance, corporate banking, commercial banking, transaction banking, priority sector lending, risk management, and financial restructuring and reconstruction. The Bank operates in four business segments, viz. Treasury, Corporate/ Wholesale Banking, Retail Banking and Other Banking Operations. The Bank generates the majority of the revenue from Retail Banking segment. The bank's strategic focus has been to maintain its high-street brand, and it has adopted various initiatives to increase the brand's visibility through digital marketing and increased financial technology.
72GF Score
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