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Indus TowersNSE:INDUSTOWER -0.53%94 PS Ratio is 3.28 as of Jul. 18, 2026, which is 16% below its 10-year median of 3.92. GuruFocus rates NSE:INDUSTOWER with a GF Score™ of 94/100 and a GF Value™ of ₹396.86 (Fairly Valued). Among 363 Telecommunication Services companies, Indus Towers ranks worse than 81.27% 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, Indus Towers's share price is ₹403.50.
Indus Towers's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ₹123.20. Hence, Indus Towers's PS Ratio for today is 3.28.
The historical rank and industry rank for Indus Towers's PS Ratio or its related term are showing as below:
NSE:INDUSTOWER'
s PS Ratio Range Over the Past 10 Years
Min: 1.28 Med: 3.92 Max: 13.33
Current: 3.28
During the past 13 years, Indus Towers's highest PS Ratio was 13.33. The lowest was 1.28. And the median was 3.92.
NSE:INDUSTOWER's PS Ratio is ranked worse than 81.27% of 363
companies
in the Telecommunication Services industry
Industry Median: 1.34
vs NSE:INDUSTOWER: 3.28
Indus Towers Ltd has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Indus Towers was 8.90% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 5.40% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 10.60% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 18.40% per year.
During the past 13 years, Indus Towers's highest 3-Year average Revenue per Share Growth Rate was 42.40% per year. The lowest was -20.10% per year. And the median was 4.90% per year.
Back to Basics: PS Ratio
Indus Towers (NSE:INDUSTOWER) 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.
Indus Towers PS Ratio Related Terms
Indus Towers PS Ratio Historical Data
* Premium members only.
The historical data trend for Indus Towers'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:INDUSTOWER vs TMUS, VZ, T: PS Ratio Comparison
For the Telecom Services subindustry, Indus Towers'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.
Indus Towers PS Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Indus Towers's PS Ratio distribution charts can be found below:
* The bar in red indicates where Indus Towers'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.
Indus Towers's PS Ratio for today is calculated as
Indus Towers's Share Price of today is ₹403.50. Indus Towers'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 ₹123.20.
* 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:
Indus Towers (NSE:INDUSTOWER) has a PS Ratio of 3.28 as of Jul. 18, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Indus Towers and its competitors. This is 16% below median its historical median of 3.92. Over the past decade, Indus Towers' PS Ratio has ranged from 1.28 to 13.33. According to the industry distribution chart, Indus Towers ranks #295 out of 363 companies in the Telecommunication Services industry, placing it in the top 81.3%.
Is Indus Towers' PS Ratio too high?
Indus Towers' current PS Ratio of 3.28 is 16% below median its 10-year median of 3.92. Over the past 10 years, this metric has ranged from a low of 1.28 to a high of 13.33. The Telecommunication Services industry median PS Ratio is 1.34. Indus Towers' value of 3.28 is 144.8% above this industry median. Based on the distribution chart, Indus Towers ranks #295 out of 363 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Indus Towers has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indus Towers' PS Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Indus Towers ranks #295 out of 363 companies for PS Ratio. This places Indus Towers in the lower half of its industry. The industry median PS Ratio is 1.34. Indus Towers' value of 3.28 is 144.8% above this benchmark. Historically, Indus Towers' own PS Ratio has ranged from 1.28 to 13.33 over the past decade. While the company's 10-year median is 3.92 vs. the industry median of 1.34, Indus Towers 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 Telecommunication Services company?
The median PS Ratio among Telecommunication Services companies is 1.34, based on 363 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. Indus Towers's current PS Ratio of 3.28 is 144.8% 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 Indus Towers and its competitors. For the Telecommunication Services industry, the median PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indus Towers's current PS Ratio is 3.28, which is 16% below median its own 10-year median of 3.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indus Towers stock overvalued right now?
Based on GuruFocus' analysis, Indus Towers (NSE:INDUSTOWER) is currently considered Fairly Valued. The stock's GF Value™ is ₹396.86, compared to a current price of ₹403.50 — trading 1.7% above its estimated fair value. The current PS Ratio is 3.28, which is 16% below median its 10-year median of 3.92 and 144.8% above the Telecommunication Services industry median of 1.34. Indus Towers' overall GF Score™ is 94/100. 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 Indus Towers (NSE:INDUSTOWER), the current PS Ratio is 3.28 as of Jul. 18, 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 Indus Towers (NSE:INDUSTOWER) Overvalued in 2026?
Based on GuruFocus' analysis, Indus Towers stock appears to be overvalued.
The current stock price of ₹403.50 is trading 1.7% above its estimated GF Value™ of ₹396.86.
GuruFocus considers Indus Towers to be Fairly Valued.
Key valuation signals for NSE:INDUSTOWER:
PS Ratio: 3.28 (16% below median its 10-year median of 3.92)
GF Value™: ₹396.86 vs. price of ₹403.50 (1.7% above fair value)
Industry Position: 144.8% above the Telecommunication Services median (#295 of 363)
No single metric tells the full story. See the NSE:INDUSTOWER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indus Towers Ltd Ltd is a telecommunications tower infrastructure service provider. The company deploys, owns, and manages telecom towers and communication structures for mobile operators. The company acquires and builds towers, while also owning and operating telecom towers and related infrastructure. The company generates revenue through a rental fee to tenants of mobile towers. Energy costs such as electricity and fuel charts are usually passed through to tenants. The company generates the vast majority of its revenue in India. The company's assets are located in India and are often ground-based and rooftop towers.
94GF Score
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