Pakistan Refinery (KAR:PRL) Cyclically Adjusted PS Ratio: 0.12 (As of Jul. 14, 2026) — 50% Above Median

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KAR:PRL Pakistan Refinery Ltd KAR:PRL
78 GF Score
Price ₨42.05
GF Value ₨32.52
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Pakistan Refinery Cyclically Adjusted PS Ratio?

Pakistan Refinery KAR:PRL -1.59% 78 Cyclically Adjusted PS Ratio is 0.12 as of Jul. 14, 2026, which is 50% above its 10-year median of 0.08. GuruFocus rates KAR:PRL with a GF Score™ of 78/100 and a GF Value™ of ₨32.52 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 706 Oil & Gas companies, Pakistan Refinery ranks better than 90.93% on this metric.

As of today (2026-07-14), Pakistan Refinery's current share price is ₨42.05. Pakistan Refinery's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₨362.65. Pakistan Refinery's Cyclically Adjusted PS Ratio for today is 0.12.

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

KAR:PRL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.08   Max: 0.13
Current: 0.12

During the past years, Pakistan Refinery's highest Cyclically Adjusted PS Ratio was 0.13. The lowest was 0.04. And the median was 0.08.

KAR:PRL's Cyclically Adjusted PS Ratio is ranked better than
90.93% of 706 companies
in the Oil & Gas industry
Industry Median: 1.02 vs KAR:PRL: 0.12

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.

Pakistan Refinery's adjusted revenue per share data for the three months ended in Mar. 2026 was ₨154.590. 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 ₨362.65 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pakistan Refinery  (KAR:PRL) 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.


Pakistan Refinery Cyclically Adjusted PS Ratio Related Terms


Pakistan Refinery Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Pakistan Refinery'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.

Pakistan Refinery Cyclically Adjusted PS Ratio Chart

Pakistan Refinery Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.04 0.07 0.10

Pakistan Refinery Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.11 0.10 0.11 0.11 0.08

KAR:PRL vs VLO, MPC, PSX: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Pakistan Refinery'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.


Pakistan Refinery Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pakistan Refinery's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


KAR:PRL
78GF Score
Pakistan Refinery Ltd KAR:PRL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pakistan Refinery 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.

Pakistan Refinery's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=42.05/362.65
=0.12

* 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.

Pakistan Refinery's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Pakistan Refinery's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=154.59/330.2130*330.2130
=154.590

Current CPI (Mar. 2026) = 330.2130.

Pakistan Refinery Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 35.428 241.018 48.539
201609 40.775 241.428 55.770
201612 40.410 241.432 55.270
201703 37.176 243.801 50.353
201706 47.156 244.955 63.569
201709 43.615 246.819 58.351
201712 49.897 246.524 66.836
201803 59.279 249.554 78.439
201806 65.316 251.989 85.592
201809 60.337 252.439 78.926
201812 68.867 251.233 90.517
201903 63.004 254.202 81.843
201906 80.630 256.143 103.946
201909 82.544 256.759 106.158
201912 52.216 256.974 67.098
202003 39.563 258.115 50.614
202006 34.857 257.797 44.648
202009 30.410 260.280 38.581
202012 31.687 260.474 40.171
202103 43.147 264.877 53.790
202106 43.304 271.696 52.631
202109 56.553 274.310 68.078
202112 38.501 278.802 45.601
202203 120.649 287.504 138.572
202206 126.474 296.311 140.944
202209 116.050 296.808 129.111
202212 90.854 296.797 101.083
202303 94.531 301.836 103.418
202306 114.217 305.109 123.615
202309 148.213 307.789 159.011
202312 140.975 306.746 151.760
202403 78.501 312.332 82.995
202406 117.295 314.175 123.283
202409 130.317 315.301 136.480
202412 137.747 315.605 144.123
202503 106.478 319.799 109.945
202506 118.080 322.561 120.881
202509 97.880 324.800 99.511
202512 119.588 324.054 121.861
202603 154.590 330.213 154.590

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.

What does a Cyclically Adjusted PS Ratio of 0.12 mean?
Pakistan Refinery (KAR:PRL) has a Cyclically Adjusted PS Ratio of 0.12 as of Jul. 14, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Pakistan Refinery and its competitors. This is 50% above median its historical median of 0.08. Over the past decade, Pakistan Refinery's Cyclically Adjusted PS Ratio has ranged from 0.04 to 0.13. According to the industry distribution chart, Pakistan Refinery ranks #64 out of 706 companies in the Oil & Gas industry, placing it in the top 9.1%.
Is Pakistan Refinery's Cyclically Adjusted PS Ratio too high?
Pakistan Refinery's current Cyclically Adjusted PS Ratio of 0.12 is 50% above median its 10-year median of 0.08. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.13. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.02. Pakistan Refinery's value of 0.12 is 88.2% below this industry median. Based on the distribution chart, Pakistan Refinery ranks #64 out of 706 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Pakistan Refinery has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pakistan Refinery's Cyclically Adjusted PS Ratio compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Pakistan Refinery ranks #64 out of 706 companies for Cyclically Adjusted PS Ratio. This places Pakistan Refinery in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.02. Pakistan Refinery's value of 0.12 is 88.2% below this benchmark. Historically, Pakistan Refinery's own Cyclically Adjusted PS Ratio has ranged from 0.04 to 0.13 over the past decade. While the company's 10-year median is 0.08 vs. the industry median of 1.02, Pakistan Refinery has consistently been below 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 PS Ratio for an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.02, based on 706 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pakistan Refinery's current Cyclically Adjusted PS Ratio of 0.12 is 88.2% below 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Pakistan Refinery and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pakistan Refinery's current Cyclically Adjusted PS Ratio is 0.12, which is 50% above median its own 10-year median of 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pakistan Refinery stock overvalued right now?
Based on GuruFocus' analysis, Pakistan Refinery (KAR:PRL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨32.52, compared to a current price of ₨42.05 — trading 29.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.12, which is 50% above median its 10-year median of 0.08 and 88.2% below the Oil & Gas industry median of 1.02. Pakistan Refinery's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Pakistan Refinery (KAR:PRL), the current Cyclically Adjusted PS Ratio is 0.12 as of Jul. 14, 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 Pakistan Refinery (KAR:PRL) Overvalued in 2026?

Based on GuruFocus' analysis, Pakistan Refinery stock appears to be overvalued. The current stock price of ₨42.05 is trading 29.3% above its estimated GF Value™ of ₨32.52. GuruFocus considers Pakistan Refinery to be Modestly Overvalued.

Key valuation signals for KAR:PRL:

  • Cyclically Adjusted PS Ratio: 0.12 (50% above median its 10-year median of 0.08)
  • GF Value™: ₨32.52 vs. price of ₨42.05 (29.3% above fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 88.2% below the Oil & Gas median (#64 of 706)

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


Pakistan Refinery Business Description

Industry EnergyOil & Gas
Address Korangi Creek Road, P.O. Box 4612, Karachi, PAK, 75190
Pakistan Refinery Ltd is a manufacturer and supplier of petroleum products to the domestic market and Pakistan defence forces. Its products include liquefied petroleum gas, motor gasoline, kerosene oil, jet fuels, high-speed diesel and furnace oil. Its refinery operates at two locations; the main processing facility is located at Korangi Creek with supporting crude berthing and storage facility at Keamari.
78GF Score

Get the complete analysis for KAR:PRL

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

₨42.05
Price
₨32.52
GF Value