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Polycab IndiaNSE:POLYCAB +2.43%97 PS Ratio is 4.98 as of Jul. 15, 2026, which is 47% above its 10-year median of 3.38. GuruFocus rates NSE:POLYCAB with a GF Score™ of 97/100 and a GF Value™ of ₹9,567.87 (Fairly Valued). The stock has 6 warning signs investors should review. Among 3,021 Industrial Products companies, Polycab India ranks worse than 78.88% 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, Polycab India's share price is ₹9532.50.
Polycab India's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ₹1,912.40. Hence, Polycab India's PS Ratio for today is 4.98.
Warning Sign:
Polycab India Ltd stock PS Ratio (=4.92) is close to 1-year high of 5.27.
The historical rank and industry rank for Polycab India's PS Ratio or its related term are showing as below:
NSE:POLYCAB'
s PS Ratio Range Over the Past 10 Years
Min: 0.96 Med: 3.38 Max: 6.02
Current: 4.99
During the past 11 years, Polycab India's highest PS Ratio was 6.02. The lowest was 0.96. And the median was 3.38.
NSE:POLYCAB's PS Ratio is ranked worse than 78.88% of 3021
companies
in the Industrial Products industry
Industry Median: 1.98
vs NSE:POLYCAB: 4.99
Polycab India Ltd has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Polycab India was 28.30% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 26.30% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 25.50% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 17.50% per year.
During the past 11 years, Polycab India's highest 3-Year average Revenue per Share Growth Rate was 27.20% per year. The lowest was 6.80% per year. And the median was 16.20% per year.
Back to Basics: PS Ratio
Polycab India (NSE:POLYCAB) 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.
Polycab India PS Ratio Related Terms
Polycab India PS Ratio Historical Data
* Premium members only.
The historical data trend for Polycab India'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 Electrical Equipment & Parts subindustry, Polycab 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.
Polycab India PS Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polycab India's PS Ratio distribution charts can be found below:
* The bar in red indicates where Polycab India'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.
Polycab India's Share Price of today is ₹9532.50. Polycab 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 ₹1,912.40.
* 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:
Polycab India (NSE:POLYCAB) has a PS Ratio of 4.98 as of Jul. 15, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Polycab India and its competitors. This is 47% above median its historical median of 3.38. Over the past decade, Polycab India's PS Ratio has ranged from 0.96 to 6.02. According to the industry distribution chart, Polycab India ranks #2383 out of 3021 companies in the Industrial Products industry, placing it in the top 78.9%.
Is Polycab India's PS Ratio too high?
Polycab India's current PS Ratio of 4.98 is 47% above median its 10-year median of 3.38. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 6.02. The Industrial Products industry median PS Ratio is 1.98. Polycab India's value of 4.98 is 151.5% above this industry median. Based on the distribution chart, Polycab India ranks #2383 out of 3021 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Polycab India has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Polycab India's PS Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Polycab India ranks #2383 out of 3021 companies for PS Ratio. This places Polycab India in the lower half of its industry. The industry median PS Ratio is 1.98. Polycab India's value of 4.98 is 151.5% above this benchmark. Historically, Polycab India's own PS Ratio has ranged from 0.96 to 6.02 over the past decade. While the company's 10-year median is 3.38 vs. the industry median of 1.98, Polycab 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 an Industrial Products company?
The median PS Ratio among Industrial Products companies is 1.98, based on 3,021 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. Polycab India's current PS Ratio of 4.98 is 151.5% 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 Polycab India and its competitors. For the Industrial Products industry, the median PS Ratio is 1.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polycab India's current PS Ratio is 4.98, which is 47% above median its own 10-year median of 3.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polycab India stock overvalued right now?
Based on GuruFocus' analysis, Polycab India (NSE:POLYCAB) is currently considered Fairly Valued. The stock's GF Value™ is ₹9,567.87, compared to a current price of ₹9,532.50 — trading 0.4% below its estimated fair value. The current PS Ratio is 4.98, which is 47% above median its 10-year median of 3.38 and 151.5% above the Industrial Products industry median of 1.98. Polycab India's overall GF Score™ is 97/100 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 Polycab India (NSE:POLYCAB), the current PS Ratio is 4.98 as of Jul. 15, 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 Polycab India (NSE:POLYCAB) Overvalued in 2026?
Based on GuruFocus' analysis, Polycab India stock appears to be undervalued.
The current stock price of ₹9,532.50 is trading 0.4% below its estimated GF Value™ of ₹9,567.87.
GuruFocus considers Polycab India to be Fairly Valued.
Key valuation signals for NSE:POLYCAB:
PS Ratio: 4.98 (47% above median its 10-year median of 3.38)
GF Value™: ₹9,567.87 vs. price of ₹9,532.50 (0.4% below fair value)
Industry Position: 151.5% above the Industrial Products median (#2383 of 3021)
No single metric tells the full story. See the NSE:POLYCAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polycab India Ltd is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods under the POLYCAB brand. The business activities are carried out through Wires and cables, Fast moving electrical goods (FMEG), and the EPC segment. It generates maximum revenue from the Wires and cables segment. Geographically, it derives a majority of revenue from India, and also has its presence Overseas. Some of its products include Power cables, Control Cables, Instrumentation Cables, Optical Fibre Cables (OFC), Solar Cables, Building Cables, Flexible Wires, and others.
97GF Score
Get the complete analysis for NSE:POLYCAB
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