NKT AS (CHIX:NKTC) Cyclically Adjusted PS Ratio: 2.50 (As of Jul. 21, 2026) — 273% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

CHIX:NKTC NKT AS CHIX:NKTC
80 GF Score
Price kr987.50
GF Value kr635.18
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is NKT AS Cyclically Adjusted PS Ratio?

NKT AS CHIX:NKTC 80 Cyclically Adjusted PS Ratio is 2.50 as of Jul. 21, 2026, which is 273% above its 10-year median of 0.67. GuruFocus rates CHIX:NKTC with a GF Score™ of 80/100 and a GF Value™ of kr635.18 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,298 Industrial Products companies, NKT AS ranks worse than 59.18% on this metric.

As of today (2026-07-21), NKT AS's current share price is kr987.50. NKT AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was kr394.63. NKT AS's Cyclically Adjusted PS Ratio for today is 2.50.

The historical rank and industry rank for NKT AS's Cyclically Adjusted PS Ratio or its related term are showing as below:

CHIX:NKTc' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.67   Max: 2.83
Current: 2.3

During the past years, NKT AS's highest Cyclically Adjusted PS Ratio was 2.83. The lowest was 0.16. And the median was 0.67.

CHIX:NKTc's Cyclically Adjusted PS Ratio is ranked worse than
59.18% of 2298 companies
in the Industrial Products industry
Industry Median: 1.74 vs CHIX:NKTc: 2.30

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.

NKT AS's adjusted revenue per share data for the three months ended in Mar. 2026 was kr122.477. 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 kr394.63 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NKT AS  (CHIX:NKTc) 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.


NKT AS Cyclically Adjusted PS Ratio Related Terms


NKT AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for NKT AS'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.

NKT AS Cyclically Adjusted PS Ratio Chart

NKT AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.89 1.22 1.40 2.07

NKT AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.27 1.41 1.71 2.07 2.12

CHIX:NKTC vs VRT, BE, HUBB: Cyclically Adjusted PS Ratio Comparison

For the Electrical Equipment & Parts subindustry, NKT AS'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.


NKT AS Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, NKT AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where NKT AS's Cyclically Adjusted PS Ratio falls into.


CHIX:NKTC
80GF Score
NKT AS CHIX:NKTC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NKT AS Cyclically Adjusted PS Ratio Calculation

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.

NKT AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=987.50/394.63
=2.50

* 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.

NKT AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, NKT AS's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=122.477/121.6800*121.6800
=122.477

Current CPI (Mar. 2026) = 121.6800.

NKT AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 74.342 100.600 89.920
201609 65.440 100.200 79.468
201612 60.786 100.300 73.743
201703 67.310 101.200 80.932
201706 89.386 101.200 107.475
201709 83.886 101.800 100.268
201712 88.376 101.300 106.156
201803 87.781 101.700 105.026
201806 94.566 102.300 112.481
201809 82.462 102.400 97.988
201812 73.926 102.100 88.103
201903 67.835 102.900 80.215
201906 79.350 102.900 93.832
201909 74.283 102.900 87.840
201912 81.607 102.900 96.501
202003 80.437 103.300 94.749
202006 79.103 103.200 93.268
202009 67.680 103.500 79.568
202012 59.382 103.400 69.880
202103 68.272 104.300 79.648
202106 112.103 105.000 129.911
202109 76.209 105.800 87.648
202112 69.300 106.600 79.103
202203 77.728 109.900 86.060
202206 91.987 113.600 98.530
202209 77.290 116.400 80.796
202212 77.297 115.900 81.152
202303 105.399 117.300 109.335
202306 107.381 116.400 112.252
202309 85.729 117.400 88.854
202312 81.749 116.700 85.238
202403 99.985 118.400 102.755
202406 112.233 118.500 115.245
202409 116.045 118.900 118.758
202412 121.588 118.900 124.431
202503 115.610 120.200 117.033
202506 124.409 120.700 125.419
202509 128.970 121.600 129.055
202512 114.645 121.200 115.099
202603 122.477 121.680 122.477

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

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 2.50 mean?
NKT AS (CHIX:NKTC) has a Cyclically Adjusted PS Ratio of 2.50 as of Jul. 21, 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 NKT AS and its competitors. This is 273% above median its historical median of 0.67. Over the past decade, NKT AS's Cyclically Adjusted PS Ratio has ranged from 0.16 to 2.83. According to the industry distribution chart, NKT AS ranks #1360 out of 2298 companies in the Industrial Products industry, placing it in the top 59.2%.
Is NKT AS's Cyclically Adjusted PS Ratio too high?
NKT AS's current Cyclically Adjusted PS Ratio of 2.50 is 273% above median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 2.83. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.74. NKT AS's value of 2.50 is 43.7% above this industry median. Based on the distribution chart, NKT AS ranks #1360 out of 2298 companies in the Industrial Products industry, which is below the industry midpoint. Overall, NKT AS has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NKT AS's Cyclically Adjusted PS Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, NKT AS ranks #1360 out of 2298 companies for Cyclically Adjusted PS Ratio. This places NKT AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.74. NKT AS's value of 2.50 is 43.7% above this benchmark. Historically, NKT AS's own Cyclically Adjusted PS Ratio has ranged from 0.16 to 2.83 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 1.74, NKT AS 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 an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.74, based on 2,298 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. NKT AS's current Cyclically Adjusted PS Ratio of 2.50 is 43.7% 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 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 NKT AS and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NKT AS's current Cyclically Adjusted PS Ratio is 2.50, which is 273% above median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NKT AS stock overvalued right now?
Based on GuruFocus' analysis, NKT AS (CHIX:NKTC) is currently considered Significantly Overvalued. The stock's GF Value™ is kr635.18, compared to a current price of kr987.50 — trading 55.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.50, which is 273% above median its 10-year median of 0.67 and 43.7% above the Industrial Products industry median of 1.74. NKT AS's overall GF Score™ is 80/100 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 NKT AS (CHIX:NKTC), the current Cyclically Adjusted PS Ratio is 2.50 as of Jul. 21, 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 NKT AS (CHIX:NKTC) Overvalued in 2026?

Based on GuruFocus' analysis, NKT AS stock appears to be overvalued. The current stock price of kr987.50 is trading 55.5% above its estimated GF Value™ of kr635.18. GuruFocus considers NKT AS to be Significantly Overvalued.

Key valuation signals for CHIX:NKTC:

  • Cyclically Adjusted PS Ratio: 2.50 (273% above median its 10-year median of 0.67)
  • GF Value™: kr635.18 vs. price of kr987.50 (55.5% above fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 43.7% above the Industrial Products median (#1360 of 2298)

No single metric tells the full story. See the CHIX:NKTC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NKT AS Business Description

Address Amerika Plads 29, Copenhagen, DNK, 2100
NKT AS is a Denmark-based provider of cable technology. The company, along with its subsidiaries, operates in the following segments; Solutions, Applications, and Service & Accessories. Maximum revenue is generated from the Solutions segment which caters to the high-voltage power cable market and is involved in the manufacturing and installation of high-voltage cables and products for onshore power transmission and distribution, power-from-shore, cable projects, offshore wind connections, and other projects. This segment also owns and operates a cable-laying vessel, NKT Victoria. Geographically, the company generates maximum revenue from Germany followed by the United States of America, the United Kingdom, Poland, Norway, Denmark, and other regions.
80GF Score

Get the complete analysis for CHIX:NKTC

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr987.50
Price
kr635.18
GF Value