NSI NV (CHIX:NSIA) Cyclically Adjusted PS Ratio: 3.57 (As of Jul. 27, 2026) — 11% Above Median

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CHIX:NSIA NSI NV CHIX:NSIA
62 GF Score
Price €17.53
GF Value €19.83
Valuation Modestly Undervalued
! 3 Warning Signs
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What is NSI NV Cyclically Adjusted PS Ratio?

NSI NV CHIX:NSIA 62 Cyclically Adjusted PS Ratio is 3.57 as of Jul. 27, 2026, which is 11% above its 10-year median of 3.23. GuruFocus rates CHIX:NSIA with a GF Score™ of 62/100 and a GF Value™ of €19.83 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 549 REITs companies, NSI NV ranks better than 71.77% on this metric.

As of today (2026-07-27), NSI NV's current share price is €17.53. NSI NV's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was €4.91. NSI NV's Cyclically Adjusted PS Ratio for today is 3.57.

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

CHIX:NSIa' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.43   Med: 3.23   Max: 5.04
Current: 3.31

During the past 13 years, NSI NV's highest Cyclically Adjusted PS Ratio was 5.04. The lowest was 1.43. And the median was 3.23.

CHIX:NSIa's Cyclically Adjusted PS Ratio is ranked better than
71.77% of 549 companies
in the REITs industry
Industry Median: 5.87 vs CHIX:NSIa: 3.31

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.

NSI NV's adjusted revenue per share data of for the fiscal year that ended in Dec25 was €3.813. 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 €4.91 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


NSI NV  (CHIX:NSIa) 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.


NSI NV Cyclically Adjusted PS Ratio Related Terms


NSI NV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for NSI NV'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.

NSI NV Cyclically Adjusted PS Ratio Chart

NSI NV 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 4.33 3.47 3.59 3.90 3.92

NSI NV Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.00 3.90 0.00 3.92 0.00

CHIX:NSIA vs BXP, ARE, VNO: Cyclically Adjusted PS Ratio Comparison

For the REIT - Office subindustry, NSI NV'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.


NSI NV Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, NSI NV's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


CHIX:NSIA
62GF Score
NSI NV CHIX:NSIA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NSI NV 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.

NSI NV's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=17.53/4.91
=3.57

* 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.

NSI NV's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, NSI NV's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=3.813/135.2700*135.2700
=3.813

Current CPI (Dec25) = 135.2700.

NSI NV Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 5.138 100.710 6.901
201712 4.775 101.970 6.334
201812 4.410 103.970 5.738
201912 4.298 106.800 5.444
202012 4.016 107.850 5.037
202112 3.975 114.010 4.716
202212 3.589 124.940 3.886
202312 3.539 126.450 3.786
202412 3.713 131.630 3.816
202512 3.813 135.270 3.813

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 3.57 mean?
NSI NV (CHIX:NSIA) has a Cyclically Adjusted PS Ratio of 3.57 as of Jul. 27, 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 NSI NV and its competitors. This is 11% above median its historical median of 3.23. Over the past decade, NSI NV's Cyclically Adjusted PS Ratio has ranged from 1.43 to 5.04. According to the industry distribution chart, NSI NV ranks #155 out of 549 companies in the REITs industry, placing it in the top 28.2%.
Is NSI NV's Cyclically Adjusted PS Ratio too high?
NSI NV's current Cyclically Adjusted PS Ratio of 3.57 is 11% above median its 10-year median of 3.23. Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 5.04. The REITs industry median Cyclically Adjusted PS Ratio is 5.87. NSI NV's value of 3.57 is 39.2% below this industry median. Based on the distribution chart, NSI NV ranks #155 out of 549 companies in the REITs industry, which is above the industry midpoint. Overall, NSI NV has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NSI NV's Cyclically Adjusted PS Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, NSI NV ranks #155 out of 549 companies for Cyclically Adjusted PS Ratio. This puts NSI NV in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.87. NSI NV's value of 3.57 is 39.2% below this benchmark. Historically, NSI NV's own Cyclically Adjusted PS Ratio has ranged from 1.43 to 5.04 over the past decade. While the company's 10-year median is 3.23 vs. the industry median of 5.87, NSI NV has consistently been below 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 REITs company?
The median Cyclically Adjusted PS Ratio among REITs companies is 5.87, based on 549 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. NSI NV's current Cyclically Adjusted PS Ratio of 3.57 is 39.2% below 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 NSI NV and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NSI NV's current Cyclically Adjusted PS Ratio is 3.57, which is 11% above median its own 10-year median of 3.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NSI NV stock overvalued right now?
Based on GuruFocus' analysis, NSI NV (CHIX:NSIA) is currently considered Modestly Undervalued. The stock's GF Value™ is €19.83, compared to a current price of €17.53 — trading 11.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.57, which is 11% above median its 10-year median of 3.23 and 39.2% below the REITs industry median of 5.87. NSI NV's overall GF Score™ is 62/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For NSI NV (CHIX:NSIA), the current Cyclically Adjusted PS Ratio is 3.57 as of Jul. 27, 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 NSI NV (CHIX:NSIA) Overvalued in 2026?

Based on GuruFocus' analysis, NSI NV stock appears to be undervalued. The current stock price of €17.53 is trading 11.6% below its estimated GF Value™ of €19.83. GuruFocus considers NSI NV to be Modestly Undervalued.

Key valuation signals for CHIX:NSIA:

  • Cyclically Adjusted PS Ratio: 3.57 (11% above median its 10-year median of 3.23)
  • GF Value™: €19.83 vs. price of €17.53 (11.6% below fair value)
  • GF Score™: 62/100 with 3 warning signs
  • Industry Position: 39.2% below the REITs median (#155 of 549)

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


NSI NV Business Description

Industry Real EstateREITs
Address Hoogoorddreef 62, Amsterdam, NLD, 1101 BE
NSI NV is a real estate investment trust. The company invests in commercial properties with its portfolio of income-producing assets, including shopping centers, high street retail, neighborhood centers, and retail parks.
62GF Score

Get the complete analysis for CHIX:NSIA

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

€17.53
Price
€19.83
GF Value