IFGL Refractories (NSE:IFGLEXPOR) Cyclically Adjusted PS Ratio: 1.00 (As of Aug. 26, 2026) — Near Median

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NSE:IFGLEXPOR IFGL Refractories Ltd NSE:IFGLEXPOR
80 GF Score
Price ₹211.79
GF Value ₹309.26
Valuation Significantly Undervalued
! 3 Warning Signs
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What is IFGL Refractories Cyclically Adjusted PS Ratio?

IFGL Refractories NSE:IFGLEXPOR -0.78% 80 Cyclically Adjusted PS Ratio is 1.00 as of Aug. 26, 2026, which is 5% below its 10-year median of 1.05. GuruFocus rates NSE:IFGLEXPOR with a GF Score™ of 80/100 and a GF Value™ of ₹309.26 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 324 Building Materials companies, IFGL Refractories ranks worse than 50.31% on this metric.

As of today (2026-08-26), IFGL Refractories's current share price is ₹211.79. IFGL Refractories's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹212.00. IFGL Refractories's Cyclically Adjusted PS Ratio for today is 1.00.

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: 1

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 worse than
50.31% of 324 companies
in the Building Materials industry
Industry Median: 0.99 vs NSE:IFGLEXPOR: 1.00

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 Jun. 2026 was ₹71.179. 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 ₹212.00 for the trailing ten years ended in Jun. 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

IFGL Refractories Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.63 1.53 0.94 0.61

IFGL Refractories 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 1.36 1.50 1.04 0.61 0.85

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.


NSE:IFGLEXPOR
80GF Score
IFGL Refractories Ltd NSE:IFGLEXPOR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=211.79/212.00
=1.00

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

For example, IFGL Refractories'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)
=71.179/167.3573*167.3573
=71.179

Current CPI (Jun. 2026) = 167.3573.

IFGL Refractories Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 26.742 105.961 42.237
201612 25.304 105.196 40.256
201703 29.039 105.196 46.198
201706 27.391 107.109 42.798
201709 27.689 109.021 42.505
201712 29.229 109.404 44.712
201803 31.672 109.786 48.280
201806 32.874 111.317 49.424
201809 30.447 115.142 44.254
201812 32.604 115.142 47.390
201903 34.117 118.202 48.305
201906 35.314 120.880 48.892
201909 30.959 123.175 42.064
201912 30.231 126.235 40.079
202003 28.306 124.705 37.987
202006 28.220 127.000 37.187
202009 34.176 130.118 43.957
202012 40.079 130.889 51.246
202103 37.399 131.771 47.499
202106 38.131 134.084 47.593
202109 42.976 135.847 52.944
202112 42.889 138.161 51.952
202203 50.094 138.822 60.391
202206 49.885 142.347 58.650
202209 47.537 144.661 54.995
202212 43.824 145.763 50.316
202303 49.040 146.865 55.883
202306 58.760 150.280 65.437
202309 63.233 151.492 69.855
202312 50.591 152.924 55.366
202403 53.489 153.035 58.495
202406 57.512 155.789 61.783
202409 57.175 157.882 60.606
202412 52.134 158.323 55.109
202503 62.252 157.552 66.126
202506 62.998 159.755 65.996
202509 67.769 162.289 69.885
202512 65.427 163.281 67.060
202603 66.967 164.272 68.225
202606 71.179 167.357 71.179

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 1.00 mean?
IFGL Refractories (NSE:IFGLEXPOR) has a Cyclically Adjusted PS Ratio of 1.00 as of Aug. 26, 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 #163 out of 324 companies in the Building Materials industry, placing it in the top 50.3%.
Is IFGL Refractories' Cyclically Adjusted PS Ratio too high?
IFGL Refractories' current Cyclically Adjusted PS Ratio of 1.00 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 0.99. IFGL Refractories' value of 1.00 is 1% above this industry median. Based on the distribution chart, IFGL Refractories ranks #163 out of 324 companies in the Building Materials industry, which is below the industry midpoint. Overall, IFGL Refractories has a GF Score™ of 80/100 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 #163 out of 324 companies for Cyclically Adjusted PS Ratio. This places IFGL Refractories in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.99. IFGL Refractories' value of 1.00 is 1% above 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 0.99, IFGL Refractories 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 PS Ratio for a Building Materials company?
The median Cyclically Adjusted PS Ratio among Building Materials companies is 0.99, based on 324 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 1.00 is 1% 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 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 0.99 — 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 1.00, 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 ₹309.26, compared to a current price of ₹211.79 — trading 31.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.00, which is near median its 10-year median of 1.05 and 1% above the Building Materials industry median of 0.99. IFGL Refractories' overall GF Score™ is 80/100 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 1.00 as of Aug. 26, 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 ₹211.79 is trading 31.5% below its estimated GF Value™ of ₹309.26. GuruFocus considers IFGL Refractories to be Significantly Undervalued.

Key valuation signals for NSE:IFGLEXPOR:

  • Cyclically Adjusted PS Ratio: 1.00 (near median its 10-year median of 1.05)
  • GF Value™: ₹309.26 vs. price of ₹211.79 (31.5% below fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 1% above the Building Materials median (#163 of 324)

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 Business Description

Other Exchanges 540774:India
Address 3, Netaji Subhas Road, McLeod House, Kolkata, WB, IND, 700 001
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.
80GF 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.

₹211.79
Price
₹309.26
GF Value