ISGEC Heavy Engineering (NSE:ISGEC) Cyclically Adjusted PS Ratio: 0.78 (As of Aug. 12, 2026) — 29% Below Median

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NSE:ISGEC ISGEC Heavy Engineering Ltd NSE:ISGEC
81 GF Score
Price ₹746.30
GF Value ₹1,177.29
Valuation Significantly Undervalued
! 3 Warning Signs
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What is ISGEC Heavy Engineering Cyclically Adjusted PS Ratio?

ISGEC Heavy Engineering NSE:ISGEC -7.52% 81 Cyclically Adjusted PS Ratio is 0.78 as of Aug. 12, 2026, which is 29% below its 10-year median of 1.10. GuruFocus rates NSE:ISGEC with a GF Score™ of 81/100 and a GF Value™ of ₹1,177.29 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,291 Industrial Products companies, ISGEC Heavy Engineering ranks better than 69.71% on this metric.

As of today (2026-08-12), ISGEC Heavy Engineering's current share price is ₹746.30. ISGEC Heavy Engineering's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹950.86. ISGEC Heavy Engineering's Cyclically Adjusted PS Ratio for today is 0.78.

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

NSE:ISGEC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.8   Med: 1.1   Max: 1.62
Current: 0.84

During the past years, ISGEC Heavy Engineering's highest Cyclically Adjusted PS Ratio was 1.62. The lowest was 0.80. And the median was 1.10.

NSE:ISGEC's Cyclically Adjusted PS Ratio is ranked better than
69.71% of 2291 companies
in the Industrial Products industry
Industry Median: 1.81 vs NSE:ISGEC: 0.84

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.

ISGEC Heavy Engineering's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹269.898. 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 ₹950.86 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ISGEC Heavy Engineering  (NSE:ISGEC) 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.


ISGEC Heavy Engineering Cyclically Adjusted PS Ratio Related Terms


ISGEC Heavy Engineering Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ISGEC Heavy Engineering'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.

ISGEC Heavy Engineering Cyclically Adjusted PS Ratio Chart

ISGEC Heavy Engineering 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 0.00 0.00 0.00 1.17 0.92

ISGEC Heavy Engineering 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 1.37 0.96 0.99 0.92 0.97

NSE:ISGEC vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, ISGEC Heavy Engineering'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.


ISGEC Heavy Engineering Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, ISGEC Heavy Engineering's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where ISGEC Heavy Engineering's Cyclically Adjusted PS Ratio falls into.


NSE:ISGEC
81GF Score
ISGEC Heavy Engineering Ltd NSE:ISGEC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ISGEC Heavy Engineering 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.

ISGEC Heavy Engineering's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=746.30/950.86
=0.78

* 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.

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

For example, ISGEC Heavy Engineering'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)
=269.898/166.1454*166.1454
=269.898

Current CPI (Jun. 2026) = 166.1454.

ISGEC Heavy Engineering Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201209 0.000 82.244 0.000
201309 0.000 91.042 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 125.585 111.317 187.442
201809 158.619 115.142 228.881
201812 186.322 115.142 268.856
201903 202.751 118.202 284.988
201906 162.608 120.880 223.499
201909 194.626 123.175 262.523
201912 229.381 126.235 301.901
202003 189.628 124.705 252.643
202006 145.737 127.000 190.657
202009 182.925 130.118 233.574
202012 189.376 130.889 240.386
202103 195.598 131.771 246.624
202106 153.154 134.084 189.775
202109 187.058 135.847 228.778
202112 189.916 138.161 228.384
202203 217.137 138.822 259.875
202206 169.211 142.347 197.500
202209 205.627 144.661 236.166
202212 217.198 145.763 247.570
202303 265.043 146.865 299.839
202306 188.470 150.280 208.367
202309 200.307 151.492 219.682
202312 202.956 152.924 220.503
202403 246.856 153.035 268.005
202406 209.224 155.789 223.133
202409 223.576 157.882 235.277
202412 203.410 158.323 213.460
202503 236.759 157.552 249.673
202506 183.977 159.755 191.336
202509 230.096 162.289 235.563
202512 236.442 163.281 240.590
202603 278.587 164.272 281.763
202606 269.898 166.145 269.898

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 0.78 mean?
ISGEC Heavy Engineering (NSE:ISGEC) has a Cyclically Adjusted PS Ratio of 0.78 as of Aug. 12, 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 ISGEC Heavy Engineering and its competitors. This is 29% below median its historical median of 1.10. Over the past decade, ISGEC Heavy Engineering's Cyclically Adjusted PS Ratio has ranged from 0.80 to 1.62. According to the industry distribution chart, ISGEC Heavy Engineering ranks #694 out of 2291 companies in the Industrial Products industry, placing it in the top 30.3%.
Is ISGEC Heavy Engineering's Cyclically Adjusted PS Ratio too high?
ISGEC Heavy Engineering's current Cyclically Adjusted PS Ratio of 0.78 is 29% below median its 10-year median of 1.10. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 1.62. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.81. ISGEC Heavy Engineering's value of 0.78 is 56.9% below this industry median. Based on the distribution chart, ISGEC Heavy Engineering ranks #694 out of 2291 companies in the Industrial Products industry, which is above the industry midpoint. Overall, ISGEC Heavy Engineering has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ISGEC Heavy Engineering's Cyclically Adjusted PS Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, ISGEC Heavy Engineering ranks #694 out of 2291 companies for Cyclically Adjusted PS Ratio. This puts ISGEC Heavy Engineering in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.81. ISGEC Heavy Engineering's value of 0.78 is 56.9% below this benchmark. Historically, ISGEC Heavy Engineering's own Cyclically Adjusted PS Ratio has ranged from 0.80 to 1.62 over the past decade. While the company's 10-year median is 1.10 vs. the industry median of 1.81, ISGEC Heavy Engineering 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 Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.81, based on 2,291 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. ISGEC Heavy Engineering's current Cyclically Adjusted PS Ratio of 0.78 is 56.9% 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 ISGEC Heavy Engineering and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ISGEC Heavy Engineering's current Cyclically Adjusted PS Ratio is 0.78, which is 29% below median its own 10-year median of 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ISGEC Heavy Engineering stock overvalued right now?
Based on GuruFocus' analysis, ISGEC Heavy Engineering (NSE:ISGEC) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,177.29, compared to a current price of ₹746.30 — trading 36.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.78, which is 29% below median its 10-year median of 1.10 and 56.9% below the Industrial Products industry median of 1.81. ISGEC Heavy Engineering's overall GF Score™ is 81/100 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 ISGEC Heavy Engineering (NSE:ISGEC), the current Cyclically Adjusted PS Ratio is 0.78 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 ISGEC Heavy Engineering (NSE:ISGEC) Overvalued in 2026?

Based on GuruFocus' analysis, ISGEC Heavy Engineering stock appears to be undervalued. The current stock price of ₹746.30 is trading 36.6% below its estimated GF Value™ of ₹1,177.29. GuruFocus considers ISGEC Heavy Engineering to be Significantly Undervalued.

Key valuation signals for NSE:ISGEC:

  • Cyclically Adjusted PS Ratio: 0.78 (29% below median its 10-year median of 1.10)
  • GF Value™: ₹1,177.29 vs. price of ₹746.30 (36.6% below fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 56.9% below the Industrial Products median (#694 of 2291)

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


ISGEC Heavy Engineering Business Description

Other Exchanges 533033:India
Address A-4, Sector 24, Noida, UP, IND, 201301
ISGEC Heavy Engineering Ltd is an India-based company that provides diversified engineering products and services. The company is divided into two segments. The Manufacturing of Machinery & Equipment segment generates revenue based on orders for process plant equipment, presses, castings, boiler components, and liquified gas containers. The Engineering, Procurement & Construction segment which derives maximum revenue, generates it based on contract manufacturing and execution of projects for setting up sugar plants, power plants, boilers, buildings, factories, and others. The company earns the larger part of its revenue in India and the rest from international markets through countries like Nigeria, the USA, Australia, the UAE.
81GF Score

Get the complete analysis for NSE:ISGEC

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

₹746.30
Price
₹1,177.29
GF Value