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Refex IndustriesNSE:REFEX -1.93%92 Shiller PE Ratio is 35.98 as of Aug. 08, 2026, which is 5% below its 10-year median of 38.00. GuruFocus rates NSE:REFEX with a GF Score™ of 92/100 and a GF Value™ of ₹387.89 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 78 Other Energy Sources companies, Refex Industries ranks worse than 84.62% on this metric.
As of today (2026-08-08), Refex Industries's current share price is ₹292.90. Refex Industries's E10 for the quarter that ended in Jun. 2026 was ₹8.14. Refex Industries's Shiller PE Ratio for today is 35.98.
The historical rank and industry rank for Refex Industries's Shiller PE Ratio or its related term are showing as below:
NSE:REFEX'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 15.56 Med: 38 Max: 120.5
Current: 36.77
During the past years, Refex Industries's highest Shiller PE Ratio was 120.50. The lowest was 15.56. And the median was 38.00.
NSE:REFEX's Shiller PE Ratio is ranked worse than 84.62% of 78
companies
in the Other Energy Sources industry
Industry Median: 10.945
vs NSE:REFEX: 36.77
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Refex Industries's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹4.590. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is ₹8.14 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Refex Industries (NSE:REFEX) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Refex Industries Shiller PE Ratio Related Terms
Refex Industries Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Refex Industries's Shiller PE 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.
Refex Industries Shiller PE Ratio Competitor Comparison
For the Thermal Coal subindustry, Refex Industries's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.
Refex Industries Shiller PE Ratio vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Refex Industries's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Refex Industries's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Refex Industries's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, Refex Industries's adjusted earnings per share data for the three months ended in Jun. 2026 was:
Add all the adjusted EPS together and divide 10 will get our E10.
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.
Refex Industries (NSE:REFEX) has a Shiller PE Ratio of 35.98 as of Aug. 08, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Refex Industries and its competitors. This is near median its historical median of 38.00. Over the past decade, Refex Industries' Shiller PE Ratio has ranged from 15.56 to 120.50. According to the industry distribution chart, Refex Industries ranks #66 out of 78 companies in the Other Energy Sources industry, placing it in the top 84.6%.
Is Refex Industries' Shiller PE Ratio too high?
Refex Industries' current Shiller PE Ratio of 35.98 is near median its 10-year median of 38.00. Over the past 10 years, this metric has ranged from a low of 15.56 to a high of 120.50. The Other Energy Sources industry median Shiller PE Ratio is 10.95. Refex Industries' value of 35.98 is 228.7% above this industry median. Based on the distribution chart, Refex Industries ranks #66 out of 78 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Refex Industries has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Refex Industries' Shiller PE Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, Refex Industries ranks #66 out of 78 companies for Shiller PE Ratio. This places Refex Industries in the lower half of its industry. The industry median Shiller PE Ratio is 10.95. Refex Industries' value of 35.98 is 228.7% above this benchmark. Historically, Refex Industries' own Shiller PE Ratio has ranged from 15.56 to 120.50 over the past decade. While the company's 10-year median is 38.00 vs. the industry median of 10.95, Refex Industries 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 Shiller PE Ratio for an Other Energy Sources company?
The median Shiller PE Ratio among Other Energy Sources companies is 10.95, based on 78 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Refex Industries's current Shiller PE Ratio of 35.98 is 228.7% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Refex Industries and its competitors. For the Other Energy Sources industry, the median Shiller PE Ratio is 10.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Refex Industries's current Shiller PE Ratio is 35.98, which is near median its own 10-year median of 38.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Refex Industries stock overvalued right now?
Based on GuruFocus' analysis, Refex Industries (NSE:REFEX) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹387.89, compared to a current price of ₹292.90 — trading 24.5% below its estimated fair value. The current Shiller PE Ratio is 35.98, which is near median its 10-year median of 38.00 and 228.7% above the Other Energy Sources industry median of 10.95. Refex Industries' overall GF Score™ is 92/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Refex Industries (NSE:REFEX), the current Shiller PE Ratio is 35.98 as of Aug. 08, 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 Refex Industries (NSE:REFEX) Overvalued in 2026?
Based on GuruFocus' analysis, Refex Industries stock appears to be undervalued.
The current stock price of ₹292.90 is trading 24.5% below its estimated GF Value™ of ₹387.89.
GuruFocus considers Refex Industries to be Modestly Undervalued.
Key valuation signals for NSE:REFEX:
Shiller PE Ratio: 35.98 (near median its 10-year median of 38.00)
GF Value™: ₹387.89 vs. price of ₹292.90 (24.5% below fair value)
Industry Position: 228.7% above the Other Energy Sources median (#66 of 78)
No single metric tells the full story. See the NSE:REFEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Refex Industries Ltd is a manufacturer and refiller of refrigerant gases. The company's operating segment includes Coal & Ash Handling Business, Solar Power - Generation and Related Activities, Refrigerant Gas- (Refilling) and Sales, Sale Of Services, Power Trading, and Others. Geographically, the business activities are operated throughout the region of India.
92GF Score
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