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One97 CommunicationsNSE:PAYTM -3.49%68 PS Ratio is 9.44 as of Jul. 22, 2026, which is 30% above its 10-year median of 7.24. GuruFocus rates NSE:PAYTM with a GF Score™ of 68/100 and a GF Value™ of ₹982.76 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,790 Software companies, One97 Communications ranks worse than 87.92% 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, One97 Communications's share price is ₹1300.50.
One97 Communications's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 was ₹137.80. Hence, One97 Communications's PS Ratio for today is 9.44.
The historical rank and industry rank for One97 Communications's PS Ratio or its related term are showing as below:
NSE:PAYTM'
s PS Ratio Range Over the Past 10 Years
Min: 2.16 Med: 7.24 Max: 34.99
Current: 9.43
During the past 8 years, One97 Communications's highest PS Ratio was 34.99. The lowest was 2.16. And the median was 7.24.
NSE:PAYTM's PS Ratio is ranked worse than 87.92% of 2790
companies
in the Software industry
Industry Median: 2
vs NSE:PAYTM: 9.43
During the past 12 months, the average Revenue per Share Growth Rate of One97 Communications was 21.10% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 2.10% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 19.80% per year.
During the past 8 years, One97 Communications's highest 3-Year average Revenue per Share Growth Rate was 49.50% per year. The lowest was 2.10% per year. And the median was 17.00% per year.
Back to Basics: PS Ratio
One97 Communications (NSE:PAYTM) 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.
One97 Communications PS Ratio Related Terms
One97 Communications PS Ratio Historical Data
* Premium members only.
The historical data trend for One97 Communications'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:PAYTM vs MSFT, ORCL, PLTR: PS Ratio Comparison
For the Software - Infrastructure subindustry, One97 Communications'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.
One97 Communications PS Ratio vs Software Industry
For the Software industry and Technology sector, One97 Communications's PS Ratio distribution charts can be found below:
* The bar in red indicates where One97 Communications'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.
One97 Communications's Share Price of today is ₹1300.50. One97 Communications'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 ₹137.80.
* 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:
One97 Communications (NSE:PAYTM) has a PS Ratio of 9.44 as of Jul. 22, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on One97 Communications and its competitors. This is 30% above median its historical median of 7.24. Over the past decade, One97 Communications' PS Ratio has ranged from 2.16 to 34.99. According to the industry distribution chart, One97 Communications ranks #2453 out of 2790 companies in the Software industry, placing it in the top 87.9%.
Is One97 Communications' PS Ratio too high?
One97 Communications' current PS Ratio of 9.44 is 30% above median its 10-year median of 7.24. Over the past 10 years, this metric has ranged from a low of 2.16 to a high of 34.99. The Software industry median PS Ratio is 2.00. One97 Communications' value of 9.44 is 372% above this industry median. Based on the distribution chart, One97 Communications ranks #2453 out of 2790 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, One97 Communications has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does One97 Communications' PS Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, One97 Communications ranks #2453 out of 2790 companies for PS Ratio. This places One97 Communications in the lower half of its industry. The industry median PS Ratio is 2.00. One97 Communications' value of 9.44 is 372% above this benchmark. Historically, One97 Communications' own PS Ratio has ranged from 2.16 to 34.99 over the past decade. While the company's 10-year median is 7.24 vs. the industry median of 2.00, One97 Communications 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 Software company?
The median PS Ratio among Software companies is 2.00, based on 2,790 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. One97 Communications's current PS Ratio of 9.44 is 372% 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 One97 Communications and its competitors. For the Software industry, the median PS Ratio is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. One97 Communications's current PS Ratio is 9.44, which is 30% above median its own 10-year median of 7.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is One97 Communications stock overvalued right now?
Based on GuruFocus' analysis, One97 Communications (NSE:PAYTM) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹982.76, compared to a current price of ₹1,300.50 — trading 32.3% above its estimated fair value. The current PS Ratio is 9.44, which is 30% above median its 10-year median of 7.24 and 372% above the Software industry median of 2.00. One97 Communications' overall GF Score™ is 68/100 with 3 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 One97 Communications (NSE:PAYTM), the current PS Ratio is 9.44 as of Jul. 22, 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 One97 Communications (NSE:PAYTM) Overvalued in 2026?
Based on GuruFocus' analysis, One97 Communications stock appears to be overvalued.
The current stock price of ₹1,300.50 is trading 32.3% above its estimated GF Value™ of ₹982.76.
GuruFocus considers One97 Communications to be Significantly Overvalued.
Key valuation signals for NSE:PAYTM:
PS Ratio: 9.44 (30% above median its 10-year median of 7.24)
GF Value™: ₹982.76 vs. price of ₹1,300.50 (32.3% above fair value)
Industry Position: 372% above the Software median (#2453 of 2790)
No single metric tells the full story. See the NSE:PAYTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
One97 Communications Ltd is a digital ecosystem for consumers and merchants. The company is in the business of providing a) payment and financial services which mainly include payment facilitator services, facilitation of consumer and merchant loan distribution to consumers and merchants, wealth management, etc. b) marketing services which consist of aggregator for digital products, ticketing business, providing voice and messaging platforms to the telecom operators and enterprise customers and other businesses. The group generates the majority of its revenue from customers domiciled in India.
68GF Score
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