National Real Estate Co KSC (DFM:NRE) Cyclically Adjusted PS Ratio: (As of Jul. 15, 2026)

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.

What is National Real Estate Co KSC Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


National Real Estate Co KSC  (DFM:NRE) 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.


National Real Estate Co KSC Cyclically Adjusted PS Ratio Related Terms


National Real Estate Co KSC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for National Real Estate Co KSC'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.

National Real Estate Co KSC Cyclically Adjusted PS Ratio Chart

National Real Estate Co KSC 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 11.10 6.86 3.63 4.71 0.00

National Real Estate Co KSC 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 0.00 0.00 0.00 0.00 0.00

National Real Estate Co KSC Cyclically Adjusted PS Ratio Competitor Comparison

For the Real Estate - Development subindustry, National Real Estate Co KSC'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.


National Real Estate Co KSC Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, National Real Estate Co KSC's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where National Real Estate Co KSC's Cyclically Adjusted PS Ratio falls into.



National Real Estate Co KSC 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.

National Real Estate Co KSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, National Real Estate Co KSC'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)
=0.005/330.2130*330.2130
=0.005

Current CPI (Mar. 2026) = 330.2130.

National Real Estate Co KSC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.060 241.018 0.082
201609 0.044 241.428 0.060
201612 0.106 241.432 0.145
201703 0.041 243.801 0.056
201706 0.032 244.955 0.043
201709 0.098 246.819 0.131
201712 0.146 246.524 0.196
201803 0.038 249.554 0.050
201806 0.038 251.989 0.050
201809 0.025 252.439 0.033
201812 0.035 251.233 0.046
201903 0.028 254.202 0.036
201906 0.028 256.143 0.036
201909 0.021 256.759 0.027
201912 0.036 256.974 0.046
202003 0.025 258.115 0.032
202006 0.013 257.797 0.017
202009 0.027 260.280 0.034
202012 0.045 260.474 0.057
202103 0.037 264.877 0.046
202106 0.043 271.696 0.052
202109 0.037 274.310 0.045
202112 0.098 278.802 0.116
202203 0.056 287.504 0.064
202206 0.040 296.311 0.045
202209 0.030 296.808 0.033
202212 0.049 296.797 0.055
202303 0.027 301.836 0.030
202306 0.018 305.109 0.019
202309 0.021 307.789 0.023
202312 0.017 306.746 0.018
202403 0.010 312.332 0.011
202406 0.008 314.175 0.008
202409 0.007 315.301 0.007
202412 0.014 315.605 0.015
202503 0.005 319.799 0.005
202506 0.005 322.561 0.005
202509 0.007 324.800 0.007
202512 0.006 324.054 0.006
202603 0.005 330.213 0.005

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.


National Real Estate Co KSC Business Description

Other Exchanges NRE:Kuwait
Address Al-Shuhada Street, P.O. Box 22644, 58th Floor, Al-Hamra Tower, Sharq, Safat, Kuwait, KWT, 13087
National Real Estate Co KSC (NREC) is a real estate investment and development company. The company is engaged in the purchase, development, and sale of land, management of real estate properties, real estate construction, and maintenance services. The company reports in two segments: Real Estate and others, which include development, trading, leasing, and management of real estate properties and other activities, and the Investments segment, which consists of investments in an associate, joint venture, and equity securities. The portfolio of company projects includes Residential, Malls, commercial, industrial, warehousing, and resorts. NREC has development projects in the United Arab Emirates, Egypt, Jordan, Kuwait, and Libya.