NextdcASX:NXT +0.80%87 Cyclically Adjusted PS Ratio is 21.78 as of Jul. 11, 2026, which is 16% below its 10-year median of 25.98. GuruFocus rates ASX:NXT with a GF Score™ of 87/100 and a GF Value™ of A$15.06 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,587 Software companies, Nextdc ranks worse than 97.1% on this metric.
As of today (2026-07-11), Nextdc's current share price is A$13.94. Nextdc's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun25 was A$0.64. Nextdc's Cyclically Adjusted PS Ratio for today is 21.78.
The historical rank and industry rank for Nextdc's Cyclically Adjusted PS Ratio or its related term are showing as below:
ASX:NXT'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 17.32 Med: 25.98 Max: 39
Current: 21.7
During the past 13 years, Nextdc's highest Cyclically Adjusted PS Ratio was 39.00. The lowest was 17.32. And the median was 25.98.
ASX:NXT's Cyclically Adjusted PS Ratio is ranked worse than 97.1% of 1587
companies
in the Software industry
Industry Median: 1.64
vs ASX:NXT: 21.70
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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Nextdc's adjusted revenue per share data of for the fiscal year that ended in Jun25 was A$0.666. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is A$0.64 for the trailing ten years ended in Jun25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Nextdc (ASX:NXT) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.
Nextdc Cyclically Adjusted PS Ratio Related Terms
Nextdc Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Nextdc's Cyclically Adjusted PS 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.
ASX:NXT vs IBM, ACN, FISV: Cyclically Adjusted PS Ratio Comparison
For the Information Technology Services subindustry, Nextdc's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.
Nextdc Cyclically Adjusted PS Ratio vs Software Industry
For the Software industry and Technology sector, Nextdc's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Nextdc's Cyclically Adjusted PS Ratio falls into.
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.
Nextdc's Cyclically Adjusted PS 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 PS Ratio of 21.78 mean?
Nextdc (ASX:NXT) has a Cyclically Adjusted PS Ratio of 21.78 as of Jul. 11, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Nextdc and its competitors. This is 16% below median its historical median of 25.98. Over the past decade, Nextdc's Cyclically Adjusted PS Ratio has ranged from 17.32 to 39.00. According to the industry distribution chart, Nextdc ranks #1541 out of 1587 companies in the Software industry, placing it in the top 97.1%.
Is Nextdc's Cyclically Adjusted PS Ratio too high?
Nextdc's current Cyclically Adjusted PS Ratio of 21.78 is 16% below median its 10-year median of 25.98. Over the past 10 years, this metric has ranged from a low of 17.32 to a high of 39.00. The Software industry median Cyclically Adjusted PS Ratio is 1.64. Nextdc's value of 21.78 is 1228% above this industry median. Based on the distribution chart, Nextdc ranks #1541 out of 1587 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Nextdc has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nextdc's Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Nextdc ranks #1541 out of 1587 companies for Cyclically Adjusted PS Ratio. This places Nextdc in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.64. Nextdc's value of 21.78 is 1228% above this benchmark. Historically, Nextdc's own Cyclically Adjusted PS Ratio has ranged from 17.32 to 39.00 over the past decade. While the company's 10-year median is 25.98 vs. the industry median of 1.64, Nextdc 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 PS Ratio for a Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.64, based on 1,587 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nextdc's current Cyclically Adjusted PS Ratio of 21.78 is 1228% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Nextdc and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nextdc's current Cyclically Adjusted PS Ratio is 21.78, which is 16% below median its own 10-year median of 25.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nextdc stock overvalued right now?
Based on GuruFocus' analysis, Nextdc (ASX:NXT) is currently considered Fairly Valued. The stock's GF Value™ is A$15.06, compared to a current price of A$13.94 — trading 7.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 21.78, which is 16% below median its 10-year median of 25.98 and 1228% above the Software industry median of 1.64. Nextdc's overall GF Score™ is 87/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Nextdc (ASX:NXT), the current Cyclically Adjusted PS Ratio is 21.78 as of Jul. 11, 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 Nextdc (ASX:NXT) Overvalued in 2026?
Based on GuruFocus' analysis, Nextdc stock appears to be undervalued.
The current stock price of A$13.94 is trading 7.4% below its estimated GF Value™ of A$15.06.
GuruFocus considers Nextdc to be Fairly Valued.
Key valuation signals for ASX:NXT:
Cyclically Adjusted PS Ratio: 21.78 (16% below median its 10-year median of 25.98)
GF Value™: A$15.06 vs. price of A$13.94 (7.4% below fair value)
Industry Position: 1228% above the Software median (#1541 of 1587)
No single metric tells the full story. See the ASX:NXT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NextDC operates 17 data centers in Australian cities with a focus on co-location and interconnection between enterprises, global cloud, and ICT providers and telecommunication networks. It has another 2 data centers in Asia and 13 data centers in development or planning stage in Australia, Asia, and New Zealand. NextDC provides physical space, cooling, power, and security services and offers optional technical and project management support. The company's tenants store their servers within the data center and can connect to each other, to and between global public cloud providers and telecommunication network providers via physical and virtual connections. Co-location services allow enterprises to enhance security of data transmission and reduce latency.
87GF Score
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