Probably not. I like to challenge defects like this with a simple question: Would an actual user execute this behavior?

In most situation I would not expect users to refresh a regular page ten times in a row. Some pages might only update the page content on a refresh, forcing the users to refresh often to get the latest data. I think that is more a UX-issues instead.

So talk to the users. Do they refresh often? 

 - Yes. It is testcase you should run every time.
 - No. Ignore the issue. Why swamp developers with defects that users never run into?

I do like to add a test like this to a set of heuristics. A list you sometimes mix during an explorary testing session.