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.
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.
IFGL RefractoriesNSE:IFGLEXPOR -0.70%79 Cyclically Adjusted PS Ratio is 0.96 as of Jul. 31, 2026, which is 9% below its 10-year median of 1.05. GuruFocus rates NSE:IFGLEXPOR with a GF Score™ of 79/100 and a GF Value™ of ₹307.09 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 323 Building Materials companies, IFGL Refractories ranks better than 51.08% on this metric.
The historical rank and industry rank for IFGL Refractories's Cyclically Adjusted PS Ratio or its related term are showing as below:
NSE:IFGLEXPOR'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.5 Med: 1.05 Max: 2.55
Current: 0.97
During the past years, IFGL Refractories's highest Cyclically Adjusted PS Ratio was 2.55. The lowest was 0.50. And the median was 1.05.
NSE:IFGLEXPOR's Cyclically Adjusted PS Ratio is ranked better than 51.08% of 323
companies
in the Building Materials industry
Industry Median: 1
vs NSE:IFGLEXPOR: 0.97
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.
IFGL Refractories's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹66.967. 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 ₹203.16 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
IFGL Refractories (NSE:IFGLEXPOR) 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.
IFGL Refractories Cyclically Adjusted PS Ratio Related Terms
IFGL Refractories Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for IFGL Refractories'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.
IFGL Refractories Cyclically Adjusted PS Ratio Chart
NSE:IFGLEXPOR vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison
For the Building Materials subindustry, IFGL Refractories'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.
IFGL Refractories Cyclically Adjusted PS Ratio vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, IFGL Refractories's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where IFGL Refractories's Cyclically Adjusted PS Ratio falls into.
IFGL Refractories 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.
IFGL Refractories's Cyclically Adjusted PS Ratio for today is calculated as
* 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.
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 0.96 mean?
IFGL Refractories (NSE:IFGLEXPOR) has a Cyclically Adjusted PS Ratio of 0.96 as of Jul. 31, 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 IFGL Refractories and its competitors. This is near median its historical median of 1.05. Over the past decade, IFGL Refractories' Cyclically Adjusted PS Ratio has ranged from 0.50 to 2.55. According to the industry distribution chart, IFGL Refractories ranks #158 out of 323 companies in the Building Materials industry, placing it in the top 48.9%.
Is IFGL Refractories' Cyclically Adjusted PS Ratio too high?
IFGL Refractories' current Cyclically Adjusted PS Ratio of 0.96 is near median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 2.55. The Building Materials industry median Cyclically Adjusted PS Ratio is 1.00. IFGL Refractories' value of 0.96 is 4% below this industry median. Based on the distribution chart, IFGL Refractories ranks #158 out of 323 companies in the Building Materials industry, which is above the industry midpoint. Overall, IFGL Refractories has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IFGL Refractories' Cyclically Adjusted PS Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, IFGL Refractories ranks #158 out of 323 companies for Cyclically Adjusted PS Ratio. This puts IFGL Refractories in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.00. IFGL Refractories' value of 0.96 is 4% below this benchmark. Historically, IFGL Refractories' own Cyclically Adjusted PS Ratio has ranged from 0.50 to 2.55 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 1.00, IFGL Refractories 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 a Building Materials company?
The median Cyclically Adjusted PS Ratio among Building Materials companies is 1.00, based on 323 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. IFGL Refractories's current Cyclically Adjusted PS Ratio of 0.96 is 4% 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 IFGL Refractories and its competitors. For the Building Materials industry, the median Cyclically Adjusted PS Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IFGL Refractories's current Cyclically Adjusted PS Ratio is 0.96, which is near median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IFGL Refractories stock overvalued right now?
Based on GuruFocus' analysis, IFGL Refractories (NSE:IFGLEXPOR) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹307.09, compared to a current price of ₹194.77 — trading 36.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.96, which is near median its 10-year median of 1.05 and 4% below the Building Materials industry median of 1.00. IFGL Refractories' overall GF Score™ is 79/100 with 3 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 IFGL Refractories (NSE:IFGLEXPOR), the current Cyclically Adjusted PS Ratio is 0.96 as of Jul. 31, 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 IFGL Refractories (NSE:IFGLEXPOR) Overvalued in 2026?
Based on GuruFocus' analysis, IFGL Refractories stock appears to be undervalued.
The current stock price of ₹194.77 is trading 36.6% below its estimated GF Value™ of ₹307.09.
GuruFocus considers IFGL Refractories to be Significantly Undervalued.
Key valuation signals for NSE:IFGLEXPOR:
Cyclically Adjusted PS Ratio: 0.96 (near median its 10-year median of 1.05)
GF Value™: ₹307.09 vs. price of ₹194.77 (36.6% below fair value)
Industry Position: 4% below the Building Materials median (#158 of 323)
No single metric tells the full story. See the NSE:IFGLEXPOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IFGL Refractories Ltd is engaged in the manufacturing, trading, and selling of Refractory items and related equipment and accessories used in Steel plants. The Group also provides services to Refractory Goods. The Group operates in one Operating Segment, Specialised Refractories and Ceramics. The Group's production facilities have been segmented into India, Europe (United Kingdom, Germany, and the Czech Republic), Asia excluding India (China), and America (USA). It generates maximum revenue from India. The group provides Solutions for Ferrous and non-ferrous.
79GF Score
Get the complete analysis for NSE:IFGLEXPOR
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:IFGLEXPOR has been successfully added to your 
