Star Paper Mills (NSE:STARPAPER) Cyclically Adjusted PS Ratio: 0.49 (As of Jul. 23, 2026) — 22% Below Median

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NSE:STARPAPER Star Paper Mills Ltd NSE:STARPAPER
76 GF Score
Price ₹147.06
GF Value ₹168.67
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Star Paper Mills Cyclically Adjusted PS Ratio?

Star Paper Mills NSE:STARPAPER +2.32% 76 Cyclically Adjusted PS Ratio is 0.49 as of Jul. 23, 2026, which is 22% below its 10-year median of 0.63. GuruFocus rates NSE:STARPAPER with a GF Score™ of 76/100 and a GF Value™ of ₹168.67 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 250 Forest Products companies, Star Paper Mills ranks worse than 50.8% on this metric.

As of today (2026-07-23), Star Paper Mills's current share price is ₹147.06. Star Paper Mills's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹297.67. Star Paper Mills's Cyclically Adjusted PS Ratio for today is 0.49.

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

NSE:STARPAPER' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.63   Max: 0.99
Current: 0.46

During the past years, Star Paper Mills's highest Cyclically Adjusted PS Ratio was 0.99. The lowest was 0.43. And the median was 0.63.

NSE:STARPAPER's Cyclically Adjusted PS Ratio is ranked worse than
50.8% of 250 companies
in the Forest Products industry
Industry Median: 0.45 vs NSE:STARPAPER: 0.46

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 Paper Mills's adjusted revenue per share data for the three months ended in Mar. 2026 was ₹72.355. 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 ₹297.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Star Paper Mills  (NSE:STARPAPER) 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 Paper Mills Cyclically Adjusted PS Ratio Related Terms


Star Paper Mills Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Star Paper Mills'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 Paper Mills Cyclically Adjusted PS Ratio Chart

Star Paper Mills 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 0.63 0.55 0.80 0.54 0.40

Star Paper Mills 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 0.54 0.61 0.57 0.56 0.40

Star Paper Mills Cyclically Adjusted PS Ratio Competitor Comparison

For the Paper & Paper Products subindustry, Star Paper Mills'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 Paper Mills Cyclically Adjusted PS Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Star Paper Mills's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:STARPAPER
76GF Score
Star Paper Mills Ltd NSE:STARPAPER
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=147.06/297.67
=0.49

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

For example, Star Paper Mills'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)
=72.355/164.2724*164.2724
=72.355

Current CPI (Mar. 2026) = 164.2724.

Star Paper Mills Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 50.788 105.961 78.737
201609 53.797 105.961 83.402
201612 50.229 105.196 78.437
201703 55.588 105.196 86.805
201706 53.956 107.109 82.752
201709 52.073 109.021 78.463
201712 55.757 109.404 83.720
201803 52.329 109.786 78.299
201806 60.610 111.317 89.444
201809 62.274 115.142 88.846
201812 63.403 115.142 90.457
201903 51.788 118.202 71.973
201906 57.093 120.880 77.588
201909 47.469 123.175 63.307
201912 56.761 126.235 73.864
202003 54.920 124.705 72.345
202006 55.600 127.000 71.918
202009 34.896 130.118 44.056
202012 42.132 130.889 52.878
202103 53.525 131.771 66.727
202106 30.471 134.084 37.331
202109 49.204 135.847 59.500
202112 59.664 138.161 70.940
202203 68.627 138.822 81.209
202206 76.265 142.347 88.012
202209 86.158 144.661 97.838
202212 74.144 145.763 83.559
202303 72.707 146.865 81.325
202306 79.155 150.280 86.525
202309 67.670 151.492 73.379
202312 73.565 152.924 79.024
202403 59.747 153.035 64.134
202406 72.940 155.789 76.912
202409 71.062 157.882 73.938
202412 62.454 158.323 64.801
202503 73.085 157.552 76.203
202506 64.836 159.755 66.669
202509 66.862 162.289 67.679
202512 58.782 163.281 59.139
202603 72.355 164.272 72.355

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 0.49 mean?
Star Paper Mills (NSE:STARPAPER) has a Cyclically Adjusted PS Ratio of 0.49 as of Jul. 23, 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 Paper Mills and its competitors. This is 22% below median its historical median of 0.63. Over the past decade, Star Paper Mills' Cyclically Adjusted PS Ratio has ranged from 0.43 to 0.99. According to the industry distribution chart, Star Paper Mills ranks #127 out of 250 companies in the Forest Products industry, placing it in the top 50.8%.
Is Star Paper Mills' Cyclically Adjusted PS Ratio too high?
Star Paper Mills' current Cyclically Adjusted PS Ratio of 0.49 is 22% below median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 0.99. The Forest Products industry median Cyclically Adjusted PS Ratio is 0.45. Star Paper Mills' value of 0.49 is 8.9% above this industry median. Based on the distribution chart, Star Paper Mills ranks #127 out of 250 companies in the Forest Products industry, which is below the industry midpoint. Overall, Star Paper Mills has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Star Paper Mills' Cyclically Adjusted PS Ratio compare to competitors?
According to the Forest Products industry distribution chart, Star Paper Mills ranks #127 out of 250 companies for Cyclically Adjusted PS Ratio. This places Star Paper Mills in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.45. Star Paper Mills' value of 0.49 is 8.9% above this benchmark. Historically, Star Paper Mills' own Cyclically Adjusted PS Ratio has ranged from 0.43 to 0.99 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 0.45, Star Paper Mills 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 Forest Products company?
The median Cyclically Adjusted PS Ratio among Forest Products companies is 0.45, based on 250 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 Paper Mills's current Cyclically Adjusted PS Ratio of 0.49 is 8.9% 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 Paper Mills and its competitors. For the Forest Products industry, the median Cyclically Adjusted PS Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Star Paper Mills's current Cyclically Adjusted PS Ratio is 0.49, which is 22% below median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Star Paper Mills stock overvalued right now?
Based on GuruFocus' analysis, Star Paper Mills (NSE:STARPAPER) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹168.67, compared to a current price of ₹147.06 — trading 12.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.49, which is 22% below median its 10-year median of 0.63 and 8.9% above the Forest Products industry median of 0.45. Star Paper Mills' overall GF Score™ is 76/100 with 6 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 Star Paper Mills (NSE:STARPAPER), the current Cyclically Adjusted PS Ratio is 0.49 as of Jul. 23, 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 Paper Mills (NSE:STARPAPER) Overvalued in 2026?

Based on GuruFocus' analysis, Star Paper Mills stock appears to be undervalued. The current stock price of ₹147.06 is trading 12.8% below its estimated GF Value™ of ₹168.67. GuruFocus considers Star Paper Mills to be Modestly Undervalued.

Key valuation signals for NSE:STARPAPER:

  • Cyclically Adjusted PS Ratio: 0.49 (22% below median its 10-year median of 0.63)
  • GF Value™: ₹168.67 vs. price of ₹147.06 (12.8% below fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 8.9% above the Forest Products median (#127 of 250)

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


Star Paper Mills Business Description

Other Exchanges 516022:India
Address 31 Netaji Subhash Road, Duncan House, 2nd Floor, Kolkata, WB, IND, 700 001
Star Paper Mills Ltd is engaged in the manufacture and supply of Paper, paperboard, and other related products as its core business. It produces a wide range of Industrial Packaging and cultural paper catering to various segments of the consumer. It sells within Indian markets and Outside India.
76GF Score

Get the complete analysis for NSE:STARPAPER

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

₹147.06
Price
₹168.67
GF Value