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SML MahindraNSE:SMLMAH -1.41%73 PS Ratio is 1.89 as of Jul. 25, 2026, which is 83% above its 10-year median of 1.03. GuruFocus rates NSE:SMLMAH with a GF Score™ of 73/100 and a GF Value™ of ₹2,727.02 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,316 Vehicles & Parts companies, SML Mahindra ranks worse than 73.78% 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, SML Mahindra's share price is ₹3844.40.
SML Mahindra's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 was ₹2,038.07. Hence, SML Mahindra's PS Ratio for today is 1.89.
The historical rank and industry rank for SML Mahindra's PS Ratio or its related term are showing as below:
NSE:SMLMAH'
s PS Ratio Range Over the Past 10 Years
Min: 0.34 Med: 1.03 Max: 2.63
Current: 1.89
During the past 13 years, SML Mahindra's highest PS Ratio was 2.63. The lowest was 0.34. And the median was 1.03.
NSE:SMLMAH's PS Ratio is ranked worse than 73.78% of 1316
companies
in the Vehicles & Parts industry
Industry Median: 0.79
vs NSE:SMLMAH: 1.89
SML Mahindra Ltd revenue growth has slowed down over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of SML Mahindra was 18.30% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 15.90% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 36.70% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 8.50% per year.
During the past 13 years, SML Mahindra's highest 3-Year average Revenue per Share Growth Rate was 55.30% per year. The lowest was -19.70% per year. And the median was 4.20% per year.
Back to Basics: PS Ratio
SML Mahindra (NSE:SMLMAH) 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.
SML Mahindra PS Ratio Related Terms
SML Mahindra PS Ratio Historical Data
* Premium members only.
The historical data trend for SML Mahindra'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 Auto Manufacturers subindustry, SML Mahindra'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.
SML Mahindra PS Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, SML Mahindra's PS Ratio distribution charts can be found below:
* The bar in red indicates where SML Mahindra'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.
SML Mahindra's PS Ratio for today is calculated as
SML Mahindra's Share Price of today is ₹3844.40. SML Mahindra'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 ₹2,038.07.
* 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:
SML Mahindra (NSE:SMLMAH) has a PS Ratio of 1.89 as of Jul. 25, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on SML Mahindra and its competitors. This is 83% above median its historical median of 1.03. Over the past decade, SML Mahindra's PS Ratio has ranged from 0.34 to 2.63. According to the industry distribution chart, SML Mahindra ranks #971 out of 1316 companies in the Vehicles & Parts industry, placing it in the top 73.8%.
Is SML Mahindra's PS Ratio too high?
SML Mahindra's current PS Ratio of 1.89 is 83% above median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 2.63. The Vehicles & Parts industry median PS Ratio is 0.79. SML Mahindra's value of 1.89 is 139.2% above this industry median. Based on the distribution chart, SML Mahindra ranks #971 out of 1316 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, SML Mahindra has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SML Mahindra's PS Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, SML Mahindra ranks #971 out of 1316 companies for PS Ratio. This places SML Mahindra in the lower half of its industry. The industry median PS Ratio is 0.79. SML Mahindra's value of 1.89 is 139.2% above this benchmark. Historically, SML Mahindra's own PS Ratio has ranged from 0.34 to 2.63 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 0.79, SML Mahindra 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 Vehicles & Parts company?
The median PS Ratio among Vehicles & Parts companies is 0.79, based on 1,316 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. SML Mahindra's current PS Ratio of 1.89 is 139.2% 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 SML Mahindra and its competitors. For the Vehicles & Parts industry, the median PS Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SML Mahindra's current PS Ratio is 1.89, which is 83% above median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SML Mahindra stock overvalued right now?
Based on GuruFocus' analysis, SML Mahindra (NSE:SMLMAH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹2,727.02, compared to a current price of ₹3,844.40 — trading 41% above its estimated fair value. The current PS Ratio is 1.89, which is 83% above median its 10-year median of 1.03 and 139.2% above the Vehicles & Parts industry median of 0.79. SML Mahindra's overall GF Score™ is 73/100 with 1 warning sign 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 SML Mahindra (NSE:SMLMAH), the current PS Ratio is 1.89 as of Jul. 25, 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 SML Mahindra (NSE:SMLMAH) Overvalued in 2026?
Based on GuruFocus' analysis, SML Mahindra stock appears to be overvalued.
The current stock price of ₹3,844.40 is trading 41% above its estimated GF Value™ of ₹2,727.02.
GuruFocus considers SML Mahindra to be Significantly Overvalued.
Key valuation signals for NSE:SMLMAH:
PS Ratio: 1.89 (83% above median its 10-year median of 1.03)
GF Value™: ₹2,727.02 vs. price of ₹3,844.40 (41% above fair value)
Industry Position: 139.2% above the Vehicles & Parts median (#971 of 1316)
No single metric tells the full story. See the NSE:SMLMAH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SML Mahindra Ltd, formerly SML Isuzu Ltd is engaged in the business of manufacturing and selling of commercial vehicles including light and medium-duty trucks, buses, ambulances, and specialized vehicles. The company integrates Japanese technology with local manufacturing to offer reliable and cost-effective transportation solutions. Its product portfolio spans cargo trucks and passenger buses with variants that support different industries such as education, tourism, and corporate transport. Revenue is majorly generated through the sale of vehicles and after-sales services including telematics support. The company operates predominantly in India and exports to several countries across Africa and Asia.
73GF Score
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