Euronext NV (FRA:ENXB) Cyclically Adjusted PS Ratio: (As of Jul. 31, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

FRA:ENXB Euronext NV FRA:ENXB
91 GF Score
Price €151.00
GF Value €128.34
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Euronext NV Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Euronext NV  (FRA:ENXB) 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.


Euronext NV Cyclically Adjusted PS Ratio Related Terms


Euronext NV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Euronext 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.

Euronext NV Cyclically Adjusted PS Ratio Chart

Euronext 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 9.90 6.61 7.12 8.86 9.53

Euronext NV Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 11.25 9.60 9.53 9.98 0.00

FRA:ENXB vs SPGI, CME, ICE: Cyclically Adjusted PS Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, Euronext 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.


Euronext NV Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Euronext NV's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:ENXB
91GF Score
Euronext NV FRA:ENXB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Euronext 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.

Euronext NV's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Euronext NV's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=5.242/138.6000*138.6000
=5.242

Current CPI (Jun. 2026) = 138.6000.

Euronext NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.473 100.570 2.030
201612 1.629 100.710 2.242
201703 1.657 101.440 2.264
201706 1.786 101.370 2.442
201709 1.686 102.030 2.290
201712 1.821 101.970 2.475
201803 1.968 102.470 2.662
201806 2.035 103.100 2.736
201809 1.971 103.950 2.628
201812 2.063 103.970 2.750
201903 1.987 105.370 2.614
201906 2.080 105.840 2.724
201909 2.376 106.700 3.086
201912 2.423 106.800 3.144
202003 3.078 106.850 3.993
202006 2.763 107.510 3.562
202009 2.683 107.880 3.447
202012 3.048 107.850 3.917
202103 3.267 108.870 4.159
202106 3.444 109.670 4.352
202109 3.782 110.790 4.731
202112 2.990 114.010 3.635
202203 3.708 119.460 4.302
202206 3.465 119.050 4.034
202209 2.827 126.890 3.088
202212 3.227 124.940 3.580
202303 3.478 124.720 3.865
202306 3.428 125.830 3.776
202309 3.370 127.160 3.673
202312 3.548 126.450 3.889
202403 3.862 128.580 4.163
202406 3.967 129.910 4.232
202409 3.805 131.610 4.007
202412 3.993 131.630 4.204
202503 4.488 133.330 4.665
202506 4.558 133.960 4.716
202509 4.265 135.920 4.349
202512 4.470 135.270 4.580
202603 5.065 136.910 5.128
202606 5.242 138.600 5.242

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.

Is Euronext NV (FRA:ENXB) Overvalued in 2026?

Based on GuruFocus' analysis, Euronext NV stock appears to be overvalued. The current stock price of €151.00 is trading 17.7% above its estimated GF Value™ of €128.34. GuruFocus considers Euronext NV to be Modestly Overvalued.

Key valuation signals for FRA:ENXB:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €128.34 vs. price of €151.00 (17.7% above fair value)
  • GF Score™: 91/100 with 4 warning signs

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


Euronext NV Business Description

Address Beursplein 5, Amsterdam, NLD, 1012 JW
Euronext is a financial exchange group with trading venues in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, and Paris, covering primarily cash equities, fixed income, and index and single stock derivatives. With the acquisition of Borsa Italiana, Euronext has also taken control of CC&G, the Italian multi-asset clearing house, as well as Monte Titoli, the Italian central securities depository. This complements Euronext's other CSDs in Norway, Denmark and Portugal. Euronext is the owner of the CAC40, AEX, BEL 20, ISEQ 20, OBX, and PSI 20 indexes.
91GF Score

Get the complete analysis for FRA:ENXB

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

€151.00
Price
€128.34
GF Value