Ice Make Refrigeration (NSE:ICEMAKE) Peter Lynch Fair Value: ₹189.50 (As of Sep. 14, 2026)

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NSE:ICEMAKE Ice Make Refrigeration Ltd NSE:ICEMAKE
90 GF Score
Price ₹730.10
GF Value ₹1,210.44
Valuation Possible Value Trap
! 2 Warning Signs
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What is Ice Make Refrigeration Peter Lynch Fair Value?

Ice Make Refrigeration NSE:ICEMAKE +0.30% 90 Peter Lynch Fair Value is ₹189.50 as of Sep. 14, 2026. GuruFocus rates NSE:ICEMAKE with a GF Score™ of 90/100 and a GF Value™ of ₹1,210.44 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 924 Industrial Products companies, Ice Make Refrigeration ranks worse than 86.26% on this metric.

Peter Lynch Fair Value applies to growing companies. The ideal range for the growth rate is between 10 - 20% a year. Peter Lynch thinks that the fair P/E value for a growth company equals its growth rate, that is PEG = 1. The earnings here is trailing twelve month (TTM) earnings. For non-bank companies, the growth rate we use is the average growth rate for EBITDA per share over the past 5 years. For Banks, the growth rate we use is the average growth rate for Book Value per share over the past 5 years. If 5-Year Growth Rate is greater than 25% a year, we use 25. If 5-Year Growth Rate is smaller than 5% a year, we do not calculate Peter Lynch Fair Value.

Here, as of today, Ice Make Refrigeration's PEG is 1. Ice Make Refrigeration's 5-Year TTM EBITDA Growth Rate is 25. Ice Make Refrigeration's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 was ₹7.58. Therefore, the Peter Lynch Fair Value for today is ₹189.50.

As of today (2026-09-14), Ice Make Refrigeration's share price is ₹730.10. Ice Make Refrigeration's Peter Lynch fair value is ₹189.50. Therefore, Ice Make Refrigeration's Price to Peter Lynch Fair Value Ratio for today is 3.85.


The historical rank and industry rank for Ice Make Refrigeration's Peter Lynch Fair Value or its related term are showing as below:

NSE:ICEMAKE' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.41   Med: 2.56   Max: 4.2
Current: 3.85


During the past 13 years, the highest Price to Peter Lynch Fair Value Ratio of Ice Make Refrigeration was 4.20. The lowest was 0.41. And the median was 2.56.


NSE:ICEMAKE's Price-to-Peter-Lynch-Fair-Value is ranked worse than
86.26% of 924 companies
in the Industrial Products industry
Industry Median: 1.41 vs NSE:ICEMAKE: 3.85

Note: Please don't confuse Peter Lynch Fair Value with the value reached in Peter Lynch Chart.


Ice Make Refrigeration  (NSE:ICEMAKE) Peter Lynch Fair Value Explanation

Peter Lynch Fair Value applies to growing companies. The ideal range for the growth rate is between 10 - 20% a year.

Peter Lynch thinks that the fair P/E value for a growth company equals its growth rate, that is PEG = 1. The earnings here is trailing twelve month (TTM) earnings. For non-bank companies, the growth rate we use is the average growth rate for EBITDA per share over the past 5 years. For Banks, the growth rate we use is the average growth rate for Book Value per share over the past 5 years.

Please don't confuse Peter Lynch Fair Value with the value reached in Peter Lynch Chart. In Peter Lynch chart, a fixed P/E ratio of 15 is used to draw the Earnings Line. Therefore the value reached has a P/E ratio of 15. But in Peter Lynch Fair Value calculation, P/E equals to the growth rate of EBITDA per share over the past 5 years, which is 25 instead of 15 in this case.

Ice Make Refrigeration's Price to Peter Lynch Fair Value Ratio for today is calculated as

Price to Peter Lynch Fair Value=Share Price/Peter Lynch Fair Value
=730.10/189.50
=3.85

* 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.


Ice Make Refrigeration Peter Lynch Fair Value Related Terms


Ice Make Refrigeration Peter Lynch Fair Value Historical Data

* Premium members only.

The historical data trend for Ice Make Refrigeration's Peter Lynch Fair Value 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.

Ice Make Refrigeration Peter Lynch Fair Value Chart

Ice Make Refrigeration Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Peter Lynch Fair Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 366.00 193.00

Ice Make Refrigeration Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Peter Lynch Fair Value 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 284.75 240.50 218.25 193.00 189.50

NSE:ICEMAKE vs GEV, ETN, PH: Peter Lynch Fair Value Comparison

For the Specialty Industrial Machinery subindustry, Ice Make Refrigeration's Price-to-Peter-Lynch-Fair-Value, along with its competitors' market caps and Price-to-Peter-Lynch-Fair-Value 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.


Ice Make Refrigeration Price-to-Peter-Lynch-Fair-Value vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ice Make Refrigeration's Price-to-Peter-Lynch-Fair-Value distribution charts can be found below:

* The bar in red indicates where Ice Make Refrigeration's Price-to-Peter-Lynch-Fair-Value falls into.


NSE:ICEMAKE
90GF Score
Ice Make Refrigeration Ltd NSE:ICEMAKE
Peter Lynch Fair Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ice Make Refrigeration Peter Lynch Fair Value Calculation

Ice Make Refrigeration's Peter Lynch Fair Value for today is calculated as

Peter Lynch Fair Value=PEG Ratio*5-Year TTM EBITDA Growth Rate***EPS without NRI (TTM)
=1* 25 *7.58
=189.50

Ice Make Refrigeration's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹7.58.


* 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 be aware that the 5-Year TTM EBITDA Growth Rate is calculated based on TTM data over the last 5 years. For quarterly reported companies, the TTM data adds up the quarterly data reported by the company within the most recent 12 months. For companies that report semi-annually, annually, or do not have enough quarterly data, GuruFocus uses the annual data as the TTM data.

If 5-Year Earnings Growth Rate is greater than 25% a year, we use 25.

If 5-Year Earnings Growth Rate is smaller than 5% a year, we do not calculate Peter Lynch Fair Value.

Please note that we use the 5-year average growth rate of EBITDA per share as the growth rate for non-bank companies, as EBITDA growth is subject to less manipulations than net earnings per share. For banks, we use the 5-year average growth rate of Book Value per share as the growth rate. The reason is that EBITDA is not applicable to Banks and Book value is a relative important measurement for Banks. In the calculation, PEG=1 because Peter Lynch thinks that the fair P/E ratio of the growth stock is equal to its earnings growth rate.

Frequently Asked Questions Learn more about Peter Lynch Fair Value →
What does a Peter Lynch Fair Value of ₹189.50 mean?
Ice Make Refrigeration (NSE:ICEMAKE) has a Peter Lynch Fair Value of ₹189.50 as of Sep. 14, 2026. Peter Lynch Fair Value is the stock value based on a company's current earnings and five-year earnings growth, assuming a PEG of one. View historical data on Ice Make Refrigeration and its competitors. According to the industry distribution chart, Ice Make Refrigeration ranks #797 out of 924 companies in the Industrial Products industry, placing it in the top 86.3%.
Is Ice Make Refrigeration's Peter Lynch Fair Value too high?
Ice Make Refrigeration's current Peter Lynch Fair Value is ₹189.50. Based on the distribution chart, Ice Make Refrigeration ranks #797 out of 924 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Ice Make Refrigeration has a GF Score™ of 90/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ice Make Refrigeration's Peter Lynch Fair Value compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Ice Make Refrigeration ranks #797 out of 924 companies for Peter Lynch Fair Value. This places Ice Make Refrigeration in the lower half of its industry. The industry median Peter Lynch Fair Value is 1.41. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Peter Lynch Fair Value for an Industrial Products company?
The median Peter Lynch Fair Value among Industrial Products companies is 1.41, based on 924 companies in the industry. Companies in the top quartile (top 25%) have a Peter Lynch Fair Value significantly above this median, while those in the bottom quartile fall well below. However, Peter Lynch Fair Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Peter Lynch Fair Value mean?
A high Peter Lynch Fair Value can signal that a stock is expensive relative to its fundamentals. Peter Lynch Fair Value is the stock value based on a company's current earnings and five-year earnings growth, assuming a PEG of one. View historical data on Ice Make Refrigeration and its competitors. For the Industrial Products industry, the median Peter Lynch Fair Value is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ice Make Refrigeration's current Peter Lynch Fair Value is ₹189.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ice Make Refrigeration stock overvalued right now?
Based on GuruFocus' analysis, Ice Make Refrigeration (NSE:ICEMAKE) is currently considered Possible Value Trap. The stock's GF Value™ is ₹1,210.44, compared to a current price of ₹730.10 — trading 39.7% below its estimated fair value. The current Peter Lynch Fair Value is ₹189.50. Ice Make Refrigeration's overall GF Score™ is 90/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Peter Lynch Fair Value calculated?
Peter Lynch Fair Value is calculated from a company's financial statements. For Ice Make Refrigeration (NSE:ICEMAKE), the current Peter Lynch Fair Value is ₹189.50 as of Sep. 14, 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 Ice Make Refrigeration (NSE:ICEMAKE) Overvalued in 2026?

Based on GuruFocus' analysis, Ice Make Refrigeration stock appears to be undervalued. The current stock price of ₹730.10 is trading 39.7% below its estimated GF Value™ of ₹1,210.44. GuruFocus considers Ice Make Refrigeration to be Possible Value Trap.

Key valuation signals for NSE:ICEMAKE:

  • Peter Lynch Fair Value: ₹189.50
  • GF Value™: ₹1,210.44 vs. price of ₹730.10 (39.7% below fair value)
  • GF Score™: 90/100 with 2 warning signs

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


Ice Make Refrigeration Business Description

Address 226, Gota-Vadsar Road, Dantali Industrial Estate, Taluka Kalol, Dantali, Near Ahmedabad City, Gandhinagar, GJ, IND, 382721
Ice Make Refrigeration Ltd is a refrigeration equipment manufacturer, engaged in providing cooling solutions. The company's only operating segment is the Manufacturing of Cold Rooms, freezers, Refrigeration Systems, and chilling plants. It serves dairy, ice cream, food processing, agriculture, pharmaceuticals, cold chain, logistics, hospitals, hospitality, retail, and other industries. Its product offering includes Bulk Milk Chiller, Curd Incubation Chamber, Glass Door Display Chiller, Mortuary Chamber, Refrigerated Container, and other related products.
90GF Score

Get the complete analysis for NSE:ICEMAKE

Peter Lynch Fair Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹730.10
Price
₹1,210.44
GF Value