IGI Holdings (KAR:IGIHL) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

KAR:IGIHL IGI Holdings Ltd KAR:IGIHL
68 GF Score
Price ₨241.85
GF Value ₨202.88
Valuation Modestly Overvalued
! 2 Warning Signs
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What is IGI Holdings Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


IGI Holdings  (KAR:IGIHL) 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.


IGI Holdings Cyclically Adjusted PS Ratio Related Terms


IGI Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for IGI Holdings'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.

IGI Holdings Cyclically Adjusted PS Ratio Chart

IGI Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.41 1.25 1.23 1.64 2.10

IGI Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.79 2.32 2.08 1.38 2.08

KAR:IGIHL vs CB, PGR, TRV: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Property & Casualty subindustry, IGI Holdings'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.


IGI Holdings Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, IGI Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


KAR:IGIHL
68GF Score
IGI Holdings Ltd KAR:IGIHL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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IGI Holdings 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.

IGI Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, IGI Holdings's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=47.353/333.9520*333.9520
=47.353

Current CPI (Jun. 2026) = 333.9520.

IGI Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 25.752 241.428 35.621
201612 26.081 241.432 36.076
201703 18.091 243.801 24.781
201706 21.387 244.955 29.157
201709 19.332 246.819 26.157
201712 16.648 246.524 22.552
201803 16.478 249.554 22.051
201806 18.232 251.989 24.162
201809 14.207 252.439 18.794
201812 16.403 251.233 21.804
201903 16.533 254.202 21.720
201906 18.236 256.143 23.776
201909 18.459 256.759 24.009
201912 18.463 256.974 23.994
202003 17.536 258.115 22.688
202006 18.845 257.797 24.412
202009 25.565 260.280 32.801
202012 20.838 260.474 26.716
202103 21.401 264.877 26.982
202106 23.529 271.696 28.920
202109 19.271 274.310 23.461
202112 20.701 278.802 24.796
202203 20.719 287.504 24.066
202206 23.939 296.311 26.980
202209 26.463 296.808 29.775
202212 23.825 296.797 26.808
202303 25.681 301.836 28.414
202306 29.816 305.109 32.635
202309 36.250 307.789 39.331
202312 36.736 306.746 39.994
202403 40.856 312.332 43.684
202406 41.466 314.175 44.076
202409 50.501 315.301 53.488
202412 49.069 315.605 51.922
202503 45.825 319.799 47.853
202506 44.569 322.561 46.143
202509 56.122 324.800 57.703
202512 42.787 324.054 44.094
202603 45.052 330.213 45.562
202606 47.353 333.952 47.353

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.

Is IGI Holdings (KAR:IGIHL) Overvalued in 2026?

Based on GuruFocus' analysis, IGI Holdings stock appears to be overvalued. The current stock price of ₨241.85 is trading 19.2% above its estimated GF Value™ of ₨202.88. GuruFocus considers IGI Holdings to be Modestly Overvalued.

Key valuation signals for KAR:IGIHL:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₨202.88 vs. price of ₨241.85 (19.2% above fair value)
  • GF Score™: 68/100 with 2 warning signs

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


IGI Holdings Business Description

Address The Forum, Suite 701-713, G-20, Block 9, 7th Floor, Khayaban-e-Jami, Clifton, Karachi, PAK, 75600
IGI Holdings Ltd is a general insurance company along with its subsidiary, which provides home insurance, travel insurance, auto insurance, health insurance, fire insurance, marine insurance, motor insurance, and other insurance services. The company also acts as an investment holding company. It operates and manages separately to the nature of the services of Non-Life Insurance, which includes Fire and property insurance; Marine, aviation, and transport insurance; Motor insurance; Accident and health insurance, Miscellaneous insurance, and Life Insurance, which includes The Life (participating) segment and The Life (non-participating) segment.
68GF Score

Get the complete analysis for KAR:IGIHL

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

₨241.85
Price
₨202.88
GF Value