Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
NextNXGPF 89 Cyclically Adjusted PB Ratio is 16.43 as of Jul. 19, 2026, which is 28% below its 10-year median of 22.76. GuruFocus rates NXGPF with a GF Score™ of 89/100 and a GF Value™ of $164.16 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 810 Retail - Cyclical companies, Next ranks worse than 96.91% on this metric.
As of today (2026-07-19), Next's current share price is $197.60. Next's Cyclically Adjusted Book per Share for the fiscal year that ended in Jan26 was $12.03. Next's Cyclically Adjusted PB Ratio for today is 16.43.
The historical rank and industry rank for Next's Cyclically Adjusted PB Ratio or its related term are showing as below:
NXGPF'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 12.45 Med: 22.76 Max: 44.38
Current: 17.49
During the past 13 years, Next's highest Cyclically Adjusted PB Ratio was 44.38. The lowest was 12.45. And the median was 22.76.
NXGPF's Cyclically Adjusted PB Ratio is ranked worse than 96.91% of 810
companies
in the Retail - Cyclical industry
Industry Median: 1.255
vs NXGPF: 17.49
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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
Next's adjusted book value per share data of for the fiscal year that ended in Jan26 was $19.239. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $12.03 for the trailing ten years ended in Jan26.
Shiller PE for Stocks: The True Measure of Stock Valuation
Next (OTCPK:NXGPF) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.
Next Cyclically Adjusted PB Ratio Related Terms
Next Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Next's Cyclically Adjusted PB 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.
NXGPF vs TJX, ROST, BURL: Cyclically Adjusted PB Ratio Comparison
For the Apparel Retail subindustry, Next's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.
Next Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Next's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Next's Cyclically Adjusted PB Ratio falls into.
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.
Next's Cyclically Adjusted PB Ratio for today is calculated as
* 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 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 PB Ratio of 16.43 mean?
Next (NXGPF) has a Cyclically Adjusted PB Ratio of 16.43 as of Jul. 19, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Next and its competitors. This is 28% below median its historical median of 22.76. Over the past decade, Next's Cyclically Adjusted PB Ratio has ranged from 12.45 to 44.38. According to the industry distribution chart, Next ranks #785 out of 810 companies in the Retail - Cyclical industry, placing it in the top 96.9%.
Is Next's Cyclically Adjusted PB Ratio too high?
Next's current Cyclically Adjusted PB Ratio of 16.43 is 28% below median its 10-year median of 22.76. Over the past 10 years, this metric has ranged from a low of 12.45 to a high of 44.38. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.26. Next's value of 16.43 is 1209.2% above this industry median. Based on the distribution chart, Next ranks #785 out of 810 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Next has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Next's Cyclically Adjusted PB Ratio compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Next ranks #785 out of 810 companies for Cyclically Adjusted PB Ratio. This places Next in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Next's value of 16.43 is 1209.2% above this benchmark. Historically, Next's own Cyclically Adjusted PB Ratio has ranged from 12.45 to 44.38 over the past decade. While the company's 10-year median is 22.76 vs. the industry median of 1.26, Next 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 PB Ratio for a Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.26, based on 810 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Next's current Cyclically Adjusted PB Ratio of 16.43 is 1209.2% 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 PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Next and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next's current Cyclically Adjusted PB Ratio is 16.43, which is 28% below median its own 10-year median of 22.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next stock overvalued right now?
Based on GuruFocus' analysis, Next (NXGPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $164.16, compared to a current price of $197.60 — trading 20.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 16.43, which is 28% below median its 10-year median of 22.76 and 1209.2% above the Retail - Cyclical industry median of 1.26. Next's overall GF Score™ is 89/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Next (NXGPF), the current Cyclically Adjusted PB Ratio is 16.43 as of Jul. 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 Next (NXGPF) Overvalued in 2026?
Based on GuruFocus' analysis, Next stock appears to be overvalued.
The current stock price of $197.60 is trading 20.4% above its estimated GF Value™ of $164.16.
GuruFocus considers Next to be Modestly Overvalued.
Key valuation signals for NXGPF:
Cyclically Adjusted PB Ratio: 16.43 (28% below median its 10-year median of 22.76)
GF Value™: $164.16 vs. price of $197.60 (20.4% above fair value)
Industry Position: 1209.2% above the Retail - Cyclical median (#785 of 810)
No single metric tells the full story. See the NXGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Next PLC operates as a retailer, specializing in the sale of clothing, footwear, accessories, and home products. A portion of the company's product offerings comprises items bearing the Next brand. Additionally, the majority of the company's remaining sales occur through retail stores located outside the United Kingdom, which it franchises. The company's segments encompass NEXT Online, NEXT Finance, NEXT Retail, and Other Business Activities. A substantial portion of the company's revenue is derived from customers within the United Kingdom; however, its presence extends to regions such as the Rest of Europe, the Middle East, Asia, and the Rest of the World.
89GF Score
Get the complete analysis for NXGPF
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NXGPF has been successfully added to your 
