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Pidilite Industries (NSE:PIDILITIND) Cyclically Adjusted PS Ratio : 15.90 (As of May. 31, 2024)


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What is Pidilite Industries Cyclically Adjusted PS Ratio?

As of today (2024-05-31), Pidilite Industries's current share price is ₹2969.50. Pidilite Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹186.78. Pidilite Industries's Cyclically Adjusted PS Ratio for today is 15.90.

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

NSE:PIDILITIND' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 9.63   Med: 14.4   Max: 18.59
Current: 16.26

During the past years, Pidilite Industries's highest Cyclically Adjusted PS Ratio was 18.59. The lowest was 9.63. And the median was 14.40.

NSE:PIDILITIND's Cyclically Adjusted PS Ratio is ranked worse than
97.78% of 1214 companies
in the Chemicals industry
Industry Median: 1.215 vs NSE:PIDILITIND: 16.26

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.

Pidilite Industries's adjusted revenue per share data for the three months ended in Mar. 2024 was ₹56.919. 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 ₹186.78 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pidilite Industries Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Pidilite 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.

Pidilite Industries Cyclically Adjusted PS Ratio Chart

Pidilite 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 10.74 13.45 16.41 13.91 16.14

Pidilite 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 13.91 14.77 13.57 14.74 16.14

Competitive Comparison of Pidilite Industries's Cyclically Adjusted PS Ratio

For the Specialty Chemicals subindustry, Pidilite 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.


Pidilite Industries's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

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

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



Pidilite 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2969.50/186.78
=15.90

* 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.

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

For example, Pidilite 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)
=56.919/153.0345*153.0345
=56.919

Current CPI (Mar. 2024) = 153.0345.

Pidilite Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 26.145 94.103 42.518
201409 24.407 96.780 38.594
201412 23.361 96.780 36.940
201503 20.061 97.163 31.597
201506 28.363 99.841 43.474
201509 25.336 101.753 38.105
201512 25.818 102.901 38.397
201603 24.032 102.518 35.874
201606 30.575 105.961 44.158
201609 27.657 105.961 39.944
201612 26.037 105.196 37.877
201703 25.264 105.196 36.753
201706 29.840 107.109 42.635
201709 29.819 109.021 41.857
201712 30.107 109.404 42.114
201803 29.206 109.786 40.711
201806 36.117 111.317 49.653
201809 34.593 115.142 45.977
201812 36.372 115.142 48.342
201903 31.408 118.202 40.663
201906 39.663 120.880 50.214
201909 35.550 123.175 44.168
201912 37.880 126.235 45.922
202003 29.595 124.705 36.318
202006 17.373 127.000 20.934
202009 36.982 130.118 43.495
202012 45.218 130.889 52.869
202103 43.144 131.771 50.106
202106 38.107 134.084 43.493
202109 51.665 135.847 58.202
202112 56.062 138.161 62.097
202203 48.513 138.822 53.480
202206 60.951 142.347 65.527
202209 59.238 144.661 62.667
202212 58.933 145.763 61.873
202303 52.834 146.865 55.054
202306 64.360 150.280 65.540
202309 60.475 151.492 61.091
202312 61.560 152.924 61.604
202403 56.919 153.035 56.919

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.


Pidilite Industries  (NSE:PIDILITIND) 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.


Pidilite Industries Cyclically Adjusted PS Ratio Related Terms

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


Pidilite Industries (NSE:PIDILITIND) Business Description

Traded in Other Exchanges
Address
Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (East), Mumbai, MH, IND, 400 059
Pidilite Industries Ltd manufactures and sells paints, adhesives, and sealants in two segments based on the customer: The consumer and bazaar products segment, which generates the majority of revenue, sells adhesives and sealants, construction paint chemicals, art and craft materials. The Business to Business segment sells industrial products such as industrial adhesives resins, and organic pigments and preparations. Pidilite Industries sells its products through dealers and distribution networks. The vast majority of revenue comes from India.

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