Star Cement (NSE:STARCEMENT) Cyclically Adjusted PS Ratio: 3.05 (As of Jul. 19, 2026) — Near Median

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NSE:STARCEMENT Star Cement Ltd NSE:STARCEMENT
84 GF Score
Price ₹205.45
GF Value ₹268.58
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Star Cement Cyclically Adjusted PS Ratio?

Star Cement NSE:STARCEMENT -0.78% 84 Cyclically Adjusted PS Ratio is 3.05 as of Jul. 19, 2026, which is 6% below its 10-year median of 3.24. GuruFocus rates NSE:STARCEMENT with a GF Score™ of 84/100 and a GF Value™ of ₹268.58 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 325 Building Materials companies, Star Cement ranks worse than 83.08% on this metric.

As of today (2026-07-19), Star Cement's current share price is ₹205.45. Star Cement's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹67.32. Star Cement's Cyclically Adjusted PS Ratio for today is 3.05.

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

NSE:STARCEMENT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.04   Med: 3.24   Max: 3.51
Current: 3.05

During the past years, Star Cement's highest Cyclically Adjusted PS Ratio was 3.51. The lowest was 3.04. And the median was 3.24.

NSE:STARCEMENT's Cyclically Adjusted PS Ratio is ranked worse than
83.08% of 325 companies
in the Building Materials industry
Industry Median: 1.05 vs NSE:STARCEMENT: 3.05

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.

Star Cement's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹29.002. 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 ₹67.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Star Cement  (NSE:STARCEMENT) 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.


Star Cement Cyclically Adjusted PS Ratio Related Terms


Star Cement Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Star Cement'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.

Star Cement Cyclically Adjusted PS Ratio Chart

Star Cement 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 0.00 3.02

Star Cement 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 0.00 0.00 0.00 3.42 3.02

NSE:STARCEMENT vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Star Cement'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.


Star Cement Cyclically Adjusted PS Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Star Cement's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:STARCEMENT
84GF Score
Star Cement Ltd NSE:STARCEMENT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Star Cement 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.

Star Cement's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=205.45/67.32
=3.05

* 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.

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

For example, Star Cement'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)
=29.002/164.2724*164.2724
=29.002

Current CPI (Mar. 2026) = 164.2724.

Star Cement Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 9.356 105.961 14.505
201609 7.527 105.961 11.669
201612 8.190 105.196 12.789
201703 11.417 105.196 17.829
201706 10.210 107.109 15.659
201709 6.653 109.021 10.025
201712 9.020 109.404 13.544
201803 12.565 109.786 18.801
201806 12.328 111.317 18.193
201809 8.659 115.142 12.354
201812 9.920 115.142 14.153
201903 12.583 118.202 17.487
201906 10.987 120.880 14.931
201909 9.087 123.175 12.119
201912 10.833 126.235 14.097
202003 11.708 124.705 15.423
202006 7.079 127.000 9.157
202009 9.735 130.118 12.290
202012 9.691 130.889 12.163
202103 14.564 131.771 18.156
202106 12.404 134.084 15.197
202109 9.873 135.847 11.939
202112 13.801 138.161 16.409
202203 15.301 138.822 18.106
202206 16.444 142.347 18.977
202209 14.709 144.661 16.703
202212 15.292 145.763 17.234
202303 17.288 146.865 19.337
202306 18.837 150.280 20.591
202309 14.535 151.492 15.761
202312 16.126 152.924 17.323
202403 22.077 153.035 23.698
202406 18.632 155.789 19.647
202409 15.645 157.882 16.278
202412 17.454 158.323 18.110
202503 26.053 157.552 27.164
202506 22.602 159.755 23.241
202509 20.062 162.289 20.307
202512 21.730 163.281 21.862
202603 29.002 164.272 29.002

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 3.05 mean?
Star Cement (NSE:STARCEMENT) has a Cyclically Adjusted PS Ratio of 3.05 as of Jul. 19, 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 Star Cement and its competitors. This is near median its historical median of 3.24. Over the past decade, Star Cement's Cyclically Adjusted PS Ratio has ranged from 3.04 to 3.51. According to the industry distribution chart, Star Cement ranks #270 out of 325 companies in the Building Materials industry, placing it in the top 83.1%.
Is Star Cement's Cyclically Adjusted PS Ratio too high?
Star Cement's current Cyclically Adjusted PS Ratio of 3.05 is near median its 10-year median of 3.24. Over the past 10 years, this metric has ranged from a low of 3.04 to a high of 3.51. The Building Materials industry median Cyclically Adjusted PS Ratio is 1.05. Star Cement's value of 3.05 is 190.5% above this industry median. Based on the distribution chart, Star Cement ranks #270 out of 325 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Star Cement has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Star Cement's Cyclically Adjusted PS Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Star Cement ranks #270 out of 325 companies for Cyclically Adjusted PS Ratio. This places Star Cement in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.05. Star Cement's value of 3.05 is 190.5% above this benchmark. Historically, Star Cement's own Cyclically Adjusted PS Ratio has ranged from 3.04 to 3.51 over the past decade. While the company's 10-year median is 3.24 vs. the industry median of 1.05, Star Cement 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 1.05, based on 325 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. Star Cement's current Cyclically Adjusted PS Ratio of 3.05 is 190.5% 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 Star Cement and its competitors. For the Building Materials industry, the median Cyclically Adjusted PS Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Star Cement's current Cyclically Adjusted PS Ratio is 3.05, which is near median its own 10-year median of 3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Star Cement stock overvalued right now?
Based on GuruFocus' analysis, Star Cement (NSE:STARCEMENT) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹268.58, compared to a current price of ₹205.45 — trading 23.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.05, which is near median its 10-year median of 3.24 and 190.5% above the Building Materials industry median of 1.05. Star Cement's overall GF Score™ is 84/100 with 1 warning sign 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 Star Cement (NSE:STARCEMENT), the current Cyclically Adjusted PS Ratio is 3.05 as of Jul. 19, 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 Star Cement (NSE:STARCEMENT) Overvalued in 2026?

Based on GuruFocus' analysis, Star Cement stock appears to be undervalued. The current stock price of ₹205.45 is trading 23.5% below its estimated GF Value™ of ₹268.58. GuruFocus considers Star Cement to be Modestly Undervalued.

Key valuation signals for NSE:STARCEMENT:

  • Cyclically Adjusted PS Ratio: 3.05 (near median its 10-year median of 3.24)
  • GF Value™: ₹268.58 vs. price of ₹205.45 (23.5% below fair value)
  • GF Score™: 84/100 with 1 warning sign
  • Industry Position: 190.5% above the Building Materials median (#270 of 325)

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


Star Cement Business Description

Other Exchanges 540575:India
Address P-15/1, Taratala Main Road, Century House, 2nd Floor, CPT Colony, Kolkata, WB, IND, 700088
Star Cement Ltd is a cement company. It offers Cement and Cement linker products. The group markets clinker to different grinding units in North East India and parts of Eastern India. Its product range comprises ordinary Portland cement, Portland pozzolana cement, and Portland slag cement, among others. The company sells its products in India. Geographically, the company generates the majority of its revenue from India.
84GF Score

Get the complete analysis for NSE:STARCEMENT

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

₹205.45
Price
₹268.58
GF Value