International Steels (KAR:ISL) Cyclically Adjusted PB Ratio: 1.97 (As of Aug. 12, 2026) — Near Median

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KAR:ISL International Steels Ltd KAR:ISL
72 GF Score
Price ₨87.24
GF Value ₨89.25
Valuation Fairly Valued
! 6 Warning Signs
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What is International Steels Cyclically Adjusted PB Ratio?

International Steels KAR:ISL -0.57% 72 Cyclically Adjusted PB Ratio is 1.97 as of Aug. 12, 2026, which is 3% below its 10-year median of 2.03. GuruFocus rates KAR:ISL with a GF Score™ of 72/100 and a GF Value™ of ₨89.25 (Fairly Valued). The stock has 6 warning signs investors should review. Among 494 Steel companies, International Steels ranks worse than 78.34% on this metric.

As of today (2026-08-12), International Steels's current share price is ₨87.24. International Steels's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₨44.32. International Steels's Cyclically Adjusted PB Ratio for today is 1.97.

The historical rank and industry rank for International Steels's Cyclically Adjusted PB Ratio or its related term are showing as below:

KAR:ISL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.22   Med: 2.03   Max: 3.11
Current: 1.99

During the past years, International Steels's highest Cyclically Adjusted PB Ratio was 3.11. The lowest was 1.22. And the median was 2.03.

KAR:ISL's Cyclically Adjusted PB Ratio is ranked worse than
78.34% of 494 companies
in the Steel industry
Industry Median: 0.915 vs KAR:ISL: 1.99

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

International Steels's adjusted book value per share data for the three months ended in Mar. 2026 was ₨58.656. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₨44.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


International Steels  (KAR:ISL) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


International Steels Cyclically Adjusted PB Ratio Related Terms


International Steels Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for International Steels's Cyclically Adjusted PB 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.

International Steels Cyclically Adjusted PB Ratio Chart

International Steels Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 1.22 2.31 2.24

International Steels Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB 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 1.95 2.24 2.96 2.44 1.59

KAR:ISL vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, International Steels's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


International Steels Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, International Steels's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where International Steels's Cyclically Adjusted PB Ratio falls into.


KAR:ISL
72GF Score
International Steels Ltd KAR:ISL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

International Steels Cyclically Adjusted PB Ratio Calculation

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

International Steels's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=87.24/44.32
=1.97

* 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.

International Steels's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, International Steels's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=58.656/330.2130*330.2130
=58.656

Current CPI (Mar. 2026) = 330.2130.

International Steels Quarterly Data

Book Value per Share CPI Adj_Book
201606 16.420 241.018 22.497
201609 16.470 241.428 22.527
201612 17.836 241.432 24.395
201703 19.806 243.801 26.826
201706 19.665 244.955 26.510
201709 20.971 246.819 28.057
201712 23.680 246.524 31.719
201803 24.600 249.554 32.551
201806 27.184 251.989 35.623
201809 26.118 252.439 34.165
201812 28.203 251.233 37.069
201903 28.109 254.202 36.514
201906 29.605 256.143 38.166
201909 28.905 256.759 37.174
201912 29.176 256.974 37.491
202003 29.612 258.115 37.883
202006 29.255 257.797 37.473
202009 30.540 260.280 38.746
202012 35.632 260.474 45.172
202103 38.099 264.877 47.497
202106 43.420 271.696 52.772
202109 42.552 274.310 51.224
202112 46.129 278.802 54.635
202203 46.731 287.504 53.673
202206 49.646 296.311 55.326
202209 46.177 296.808 51.374
202212 45.286 296.797 50.385
202303 48.771 301.836 53.356
202306 49.848 305.109 53.949
202309 49.916 307.789 53.553
202312 52.756 306.746 56.792
202403 51.878 312.332 54.848
202406 53.327 314.175 56.049
202409 50.740 315.301 53.140
202412 51.555 315.605 53.941
202503 52.514 319.799 54.224
202506 57.726 322.561 59.095
202509 56.652 324.800 57.596
202512 59.030 324.054 60.152
202603 58.656 330.213 58.656

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.

What does a Cyclically Adjusted PB Ratio of 1.97 mean?
International Steels (KAR:ISL) has a Cyclically Adjusted PB Ratio of 1.97 as of Aug. 12, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on International Steels and its competitors. This is near median its historical median of 2.03. Over the past decade, International Steels' Cyclically Adjusted PB Ratio has ranged from 1.22 to 3.11. According to the industry distribution chart, International Steels ranks #387 out of 494 companies in the Steel industry, placing it in the top 78.3%.
Is International Steels' Cyclically Adjusted PB Ratio too high?
International Steels' current Cyclically Adjusted PB Ratio of 1.97 is near median its 10-year median of 2.03. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 3.11. The Steel industry median Cyclically Adjusted PB Ratio is 0.92. International Steels' value of 1.97 is 115.3% above this industry median. Based on the distribution chart, International Steels ranks #387 out of 494 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, International Steels has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does International Steels' Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, International Steels ranks #387 out of 494 companies for Cyclically Adjusted PB Ratio. This places International Steels in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.92. International Steels' value of 1.97 is 115.3% above this benchmark. Historically, International Steels' own Cyclically Adjusted PB Ratio has ranged from 1.22 to 3.11 over the past decade. While the company's 10-year median is 2.03 vs. the industry median of 0.92, International Steels 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 Cyclically Adjusted PB Ratio for a Steel company?
The median Cyclically Adjusted PB Ratio among Steel companies is 0.92, based on 494 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. International Steels's current Cyclically Adjusted PB Ratio of 1.97 is 115.3% 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 Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on International Steels and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Steels's current Cyclically Adjusted PB Ratio is 1.97, which is near median its own 10-year median of 2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Steels stock overvalued right now?
Based on GuruFocus' analysis, International Steels (KAR:ISL) is currently considered Fairly Valued. The stock's GF Value™ is ₨89.25, compared to a current price of ₨87.24 — trading 2.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.97, which is near median its 10-year median of 2.03 and 115.3% above the Steel industry median of 0.92. International Steels' overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For International Steels (KAR:ISL), the current Cyclically Adjusted PB Ratio is 1.97 as of Aug. 12, 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 International Steels (KAR:ISL) Overvalued in 2026?

Based on GuruFocus' analysis, International Steels stock appears to be undervalued. The current stock price of ₨87.24 is trading 2.3% below its estimated GF Value™ of ₨89.25. GuruFocus considers International Steels to be Fairly Valued.

Key valuation signals for KAR:ISL:

  • Cyclically Adjusted PB Ratio: 1.97 (near median its 10-year median of 2.03)
  • GF Value™: ₨89.25 vs. price of ₨87.24 (2.3% below fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 115.3% above the Steel median (#387 of 494)

No single metric tells the full story. See the KAR:ISL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


International Steels Business Description

Address 10 Beaumont Road, 101 Beaumont Plaza, Karachi, SD, PAK, 75530
International Steels Ltd manufactures steel products. The company produces cold rolled, galvanized, and colour coated steel coils and sheets. The company serves industries like construction, appliances, automotive, agricultural implements, and packaging. Geographically, it caters to both domestic and international markets, of which a majority of its revenue is generated from domestic sales.
72GF Score

Get the complete analysis for KAR:ISL

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₨87.24
Price
₨89.25
GF Value