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Vardhman Special SteelsNSE:VSSL -0.65%68 Shiller PE Ratio is 37.77 as of Aug. 19, 2026, which is 2% below its 10-year median of 38.69. GuruFocus rates NSE:VSSL with a GF Score™ of 68/100 and a GF Value™ of ₹229.32 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 413 Steel companies, Vardhman Special Steels ranks worse than 82.32% on this metric.
The historical rank and industry rank for Vardhman Special Steels's Shiller PE Ratio or its related term are showing as below:
NSE:VSSL'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 24.86 Med: 38.69 Max: 62.62
Current: 37.33
During the past years, Vardhman Special Steels's highest Shiller PE Ratio was 62.62. The lowest was 24.86. And the median was 38.69.
NSE:VSSL's Shiller PE Ratio is ranked worse than 82.32% of 413
companies
in the Steel industry
Industry Median: 14.06
vs NSE:VSSL: 37.33
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.
Vardhman Special Steels's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹4.250. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is ₹9.51 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Vardhman Special Steels (NSE:VSSL) 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.
Vardhman Special Steels Shiller PE Ratio Related Terms
Vardhman Special Steels Shiller PE Ratio Historical Data
* 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.
NSE:VSSL vs NUE, STLD, RS: Shiller PE Ratio Comparison
For the Steel subindustry, Vardhman Special Steels'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.
Vardhman Special Steels Shiller PE Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Vardhman Special Steels's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Vardhman Special Steels's Shiller PE Ratio falls into.
Vardhman Special Steels Shiller PE Ratio Calculation
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.
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.
Vardhman Special Steels (NSE:VSSL) has a Shiller PE Ratio of 37.77 as of Aug. 19, 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 Vardhman Special Steels and its competitors. This is near median its historical median of 38.69. Over the past decade, Vardhman Special Steels' Shiller PE Ratio has ranged from 24.86 to 62.62. According to the industry distribution chart, Vardhman Special Steels ranks #340 out of 413 companies in the Steel industry, placing it in the top 82.3%.
Is Vardhman Special Steels' Shiller PE Ratio too high?
Vardhman Special Steels' current Shiller PE Ratio of 37.77 is near median its 10-year median of 38.69. Over the past 10 years, this metric has ranged from a low of 24.86 to a high of 62.62. The Steel industry median Shiller PE Ratio is 14.06. Vardhman Special Steels' value of 37.77 is 168.6% above this industry median. Based on the distribution chart, Vardhman Special Steels ranks #340 out of 413 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Vardhman Special Steels has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vardhman Special Steels' Shiller PE Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Vardhman Special Steels ranks #340 out of 413 companies for Shiller PE Ratio. This places Vardhman Special Steels in the lower half of its industry. The industry median Shiller PE Ratio is 14.06. Vardhman Special Steels' value of 37.77 is 168.6% above this benchmark. Historically, Vardhman Special Steels' own Shiller PE Ratio has ranged from 24.86 to 62.62 over the past decade. While the company's 10-year median is 38.69 vs. the industry median of 14.06, Vardhman Special Steels 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 a Steel company?
The median Shiller PE Ratio among Steel companies is 14.06, based on 413 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. Vardhman Special Steels's current Shiller PE Ratio of 37.77 is 168.6% 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 Vardhman Special Steels and its competitors. For the Steel industry, the median Shiller PE Ratio is 14.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vardhman Special Steels's current Shiller PE Ratio is 37.77, which is near median its own 10-year median of 38.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vardhman Special Steels stock overvalued right now?
Based on GuruFocus' analysis, Vardhman Special Steels (NSE:VSSL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹229.32, compared to a current price of ₹359.20 — trading 56.6% above its estimated fair value. The current Shiller PE Ratio is 37.77, which is near median its 10-year median of 38.69 and 168.6% above the Steel industry median of 14.06. Vardhman Special Steels' overall GF Score™ is 68/100 with 8 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 Vardhman Special Steels (NSE:VSSL), the current Shiller PE Ratio is 37.77 as of Aug. 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 Vardhman Special Steels (NSE:VSSL) Overvalued in 2026?
Based on GuruFocus' analysis, Vardhman Special Steels stock appears to be overvalued.
The current stock price of ₹359.20 is trading 56.6% above its estimated GF Value™ of ₹229.32.
GuruFocus considers Vardhman Special Steels to be Significantly Overvalued.
Key valuation signals for NSE:VSSL:
Shiller PE Ratio: 37.77 (near median its 10-year median of 38.69)
GF Value™: ₹229.32 vs. price of ₹359.20 (56.6% above fair value)
Industry Position: 168.6% above the Steel median (#340 of 413)
No single metric tells the full story. See the NSE:VSSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vardhman Special Steels Ltd is engaged in manufacturing steel bars and rods. The company caters to diverse requirements of hot-rolled bars for Engineering, Automotive, Tractor, Bearing and Allied Industries. Its products include Carbon steel, Carbon manganese steel, Chrome steel, Chrome manganese steel, Chrome moly steel, Boron steel, Vanadium steel, and Ball bearing steel. The company manufactures products using techniques such as Steel melting, Rolling Mill, Heat treatment and Bright bar shop. It generates a majority of its revenue from the sale of black bars. The company's operations are mainly located within India and also has a presence outside India.
68GF Score
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