NextEra Energy (FRA:FP3) Cyclically Adjusted PS Ratio: 7.15 (As of Jul. 13, 2026) — 17% 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.

FRA:FP3 NextEra Energy Inc FRA:FP3
85 GF Score
Price €76.44
GF Value €70.85
Valuation Fairly Valued
! 10 Warning Signs
View Full Analysis

What is NextEra Energy Cyclically Adjusted PS Ratio?

NextEra Energy FRA:FP3 -0.08% 85 Cyclically Adjusted PS Ratio is 7.15 as of Jul. 13, 2026, which is 17% above its 10-year median of 6.10. GuruFocus rates FRA:FP3 with a GF Score™ of 85/100 and a GF Value™ of €70.85 (Fairly Valued). The stock has 10 warning signs investors should review. Among 441 Utilities - Regulated companies, NextEra Energy ranks worse than 96.83% on this metric.

As of today (2026-07-13), NextEra Energy's current share price is €76.44. NextEra Energy's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €10.69. NextEra Energy's Cyclically Adjusted PS Ratio for today is 7.15.

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

FRA:FP3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.82   Med: 6.1   Max: 9.06
Current: 7.11

During the past years, NextEra Energy's highest Cyclically Adjusted PS Ratio was 9.06. The lowest was 2.82. And the median was 6.10.

FRA:FP3's Cyclically Adjusted PS Ratio is ranked worse than
96.83% of 441 companies
in the Utilities - Regulated industry
Industry Median: 1.41 vs FRA:FP3: 7.11

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.

NextEra Energy's adjusted revenue per share data for the three months ended in Mar. 2026 was €2.770. 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 €10.69 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NextEra Energy  (FRA:FP3) 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.


NextEra Energy Cyclically Adjusted PS Ratio Related Terms


NextEra Energy Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for NextEra Energy'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.

NextEra Energy Cyclically Adjusted PS Ratio Chart

NextEra Energy 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 9.06 7.64 5.27 6.08 6.63

NextEra Energy 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 5.94 5.77 6.22 6.63 7.50

FRA:FP3 vs SO, DUK, AEP: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Electric subindustry, NextEra Energy'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.


NextEra Energy Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, NextEra Energy's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:FP3
85GF Score
NextEra Energy Inc FRA:FP3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NextEra Energy 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.

NextEra Energy's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=76.44/10.69
=7.15

* 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.

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

For example, NextEra Energy'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)
=2.77/330.2130*330.2130
=2.770

Current CPI (Mar. 2026) = 330.2130.

NextEra Energy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.828 241.018 2.504
201609 2.297 241.428 3.142
201612 1.860 241.432 2.544
201703 1.975 243.801 2.675
201706 2.077 244.955 2.800
201709 2.130 246.819 2.850
201712 1.777 246.524 2.380
201803 1.649 249.554 2.182
201806 1.830 251.989 2.398
201809 1.982 252.439 2.593
201812 2.005 251.233 2.635
201903 1.871 254.202 2.430
201906 2.278 256.143 2.937
201909 2.603 256.759 3.348
201912 2.101 256.974 2.700
202003 2.122 258.115 2.715
202006 1.898 257.797 2.431
202009 2.063 260.280 2.617
202012 1.832 260.474 2.322
202103 1.586 264.877 1.977
202106 1.654 271.696 2.010
202109 1.883 274.310 2.267
202112 2.261 278.802 2.678
202203 1.330 287.504 1.528
202206 2.485 296.311 2.769
202209 3.429 296.808 3.815
202212 2.919 296.797 3.248
202303 3.128 301.836 3.422
202306 3.346 305.109 3.621
202309 3.300 307.789 3.540
202312 3.070 306.746 3.305
202403 2.565 312.332 2.712
202406 2.739 314.175 2.879
202409 3.307 315.301 3.463
202412 2.494 315.605 2.609
202503 2.804 319.799 2.895
202506 2.818 322.561 2.885
202509 3.278 324.800 3.333
202512 2.657 324.054 2.707
202603 2.770 330.213 2.770

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 7.15 mean?
NextEra Energy (FRA:FP3) has a Cyclically Adjusted PS Ratio of 7.15 as of Jul. 13, 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 NextEra Energy and its competitors. This is 17% above median its historical median of 6.10. Over the past decade, NextEra Energy's Cyclically Adjusted PS Ratio has ranged from 2.82 to 9.06. According to the industry distribution chart, NextEra Energy ranks #427 out of 441 companies in the Utilities - Regulated industry, placing it in the top 96.8%.
Is NextEra Energy's Cyclically Adjusted PS Ratio too high?
NextEra Energy's current Cyclically Adjusted PS Ratio of 7.15 is 17% above median its 10-year median of 6.10. Over the past 10 years, this metric has ranged from a low of 2.82 to a high of 9.06. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.41. NextEra Energy's value of 7.15 is 407.1% above this industry median. Based on the distribution chart, NextEra Energy ranks #427 out of 441 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, NextEra Energy has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NextEra Energy's Cyclically Adjusted PS Ratio compare to SO and DUK?
According to the Utilities - Regulated industry distribution chart, NextEra Energy ranks #427 out of 441 companies for Cyclically Adjusted PS Ratio. This places NextEra Energy in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.41. NextEra Energy's value of 7.15 is 407.1% above this benchmark. Historically, NextEra Energy's own Cyclically Adjusted PS Ratio has ranged from 2.82 to 9.06 over the past decade. While the company's 10-year median is 6.10 vs. the industry median of 1.41, NextEra Energy 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 Utilities - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.41, based on 441 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. NextEra Energy's current Cyclically Adjusted PS Ratio of 7.15 is 407.1% 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 NextEra Energy and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NextEra Energy's current Cyclically Adjusted PS Ratio is 7.15, which is 17% above median its own 10-year median of 6.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NextEra Energy stock overvalued right now?
Based on GuruFocus' analysis, NextEra Energy (FRA:FP3) is currently considered Fairly Valued. The stock's GF Value™ is €70.85, compared to a current price of €76.44 — trading 7.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.15, which is 17% above median its 10-year median of 6.10 and 407.1% above the Utilities - Regulated industry median of 1.41. NextEra Energy's overall GF Score™ is 85/100 with 10 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 NextEra Energy (FRA:FP3), the current Cyclically Adjusted PS Ratio is 7.15 as of Jul. 13, 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 NextEra Energy (FRA:FP3) Overvalued in 2026?

Based on GuruFocus' analysis, NextEra Energy stock appears to be overvalued. The current stock price of €76.44 is trading 7.9% above its estimated GF Value™ of €70.85. GuruFocus considers NextEra Energy to be Fairly Valued.

Key valuation signals for FRA:FP3:

  • Cyclically Adjusted PS Ratio: 7.15 (17% above median its 10-year median of 6.10)
  • GF Value™: €70.85 vs. price of €76.44 (7.9% above fair value)
  • GF Score™: 85/100 with 10 warning signs
  • Industry Position: 407.1% above the Utilities - Regulated median (#427 of 441)

No single metric tells the full story. See the FRA:FP3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NextEra Energy Business Description

Address 700 Universe Boulevard, Juno Beach, FL, USA, 33408
NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to over 6 million customer accounts in Florida and owns 36 gigawatts of generation. FP&L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with nearly 40 GW of generation capacity, including natural gas, nuclear, wind, and solar.
85GF Score

Get the complete analysis for FRA:FP3

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

€76.44
Price
€70.85
GF Value