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Grasim Industries (LUX:GRA99) Cyclically Adjusted PS Ratio : 1.71 (As of Jun. 08, 2024)


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What is Grasim Industries Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Grasim Industries's current share price is $28.40. Grasim Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $16.64. Grasim Industries's Cyclically Adjusted PS Ratio for today is 1.71.

The historical rank and industry rank for Grasim Industries's Cyclically Adjusted PS Ratio or its related term are showing as below:

LUX:GRA99' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.48   Med: 1.4   Max: 1.79
Current: 1.67

During the past years, Grasim Industries's highest Cyclically Adjusted PS Ratio was 1.79. The lowest was 0.48. And the median was 1.40.

LUX:GRA99's Cyclically Adjusted PS Ratio is ranked worse than
67.19% of 320 companies
in the Building Materials industry
Industry Median: 0.975 vs LUX:GRA99: 1.67

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Grasim Industries's adjusted revenue per share data for the three months ended in Mar. 2024 was $6.851. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $16.64 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Grasim Industries Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Grasim Industries's Cyclically Adjusted 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.

* Premium members only.

Grasim Industries Cyclically Adjusted PS Ratio Chart

Grasim Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.50 1.43 1.50 1.31 1.65

Grasim Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.31 1.33 1.46 1.56 1.65

Competitive Comparison of Grasim Industries's Cyclically Adjusted PS Ratio

For the Building Materials subindustry, Grasim Industries's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted 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.


Grasim Industries's Cyclically Adjusted PS Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Grasim Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Grasim Industries's Cyclically Adjusted PS Ratio falls into.



Grasim Industries Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Grasim Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=28.40/16.64
=1.71

* 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.

Grasim Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Grasim Industries's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=6.851/153.0345*153.0345
=6.851

Current CPI (Mar. 2024) = 153.0345.

Grasim Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.894 94.103 4.706
201409 2.798 96.780 4.424
201412 2.725 96.780 4.309
201503 3.107 97.163 4.894
201506 2.767 99.841 4.241
201509 0.520 101.753 0.782
201512 2.695 102.901 4.008
201603 3.014 102.518 4.499
201606 2.880 105.961 4.159
201609 2.679 105.961 3.869
201612 2.703 105.196 3.932
201703 3.237 105.196 4.709
201706 0.033 107.109 0.047
201709 3.267 109.021 4.586
201712 3.569 109.404 4.992
201803 4.057 109.786 5.655
201806 3.742 111.317 5.144
201809 3.749 115.142 4.983
201812 4.162 115.142 5.532
201903 4.692 118.202 6.075
201906 4.394 120.880 5.563
201909 3.913 123.175 4.862
201912 3.969 126.235 4.812
202003 3.765 124.705 4.620
202006 2.616 127.000 3.152
202009 3.702 130.118 4.354
202012 4.325 130.889 5.057
202103 4.936 131.771 5.733
202106 4.100 134.084 4.679
202109 4.642 135.847 5.229
202112 4.904 138.161 5.432
202203 5.559 138.822 6.128
202206 5.439 142.347 5.847
202209 5.189 144.661 5.489
202212 5.261 145.763 5.523
202303 6.173 146.865 6.432
202306 5.727 150.280 5.832
202309 5.514 151.492 5.570
202312 5.821 152.924 5.825
202403 6.851 153.035 6.851

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Grasim Industries  (LUX:GRA99) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Grasim Industries Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Grasim Industries's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Grasim Industries (LUX:GRA99) Business Description

Traded in Other Exchanges
Address
Sudam Kalu Ahire Marg, A Wing, 2nd Floor, Aditya Birla Centre, Worli, Mumbai, MH, IND, 400030
Grasim Industries Ltd is a cement and viscose staple fibre (VSF) manufacturing firm based in India. The activities of the group fall under the operating segments of Viscose, Chemicals, Cement, Financial Services, and Others. It derives key revenue from the Cement segment which covers products like Grey Cement, White Cement and allied products. The viscose segment includes products such as Viscose Staple Fibre, Wood Pulp and Viscose Filament Yarn. Through the Chemicals segment, the group offers Caustic soda, Allied chemicals and Epoxy. Geographically, the company has a business presence in India and other countries, of which maximum revenue is generated within India.

Grasim Industries (LUX:GRA99) Headlines

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