Nutrien (FRA:N7T) Cyclically Adjusted PS Ratio: (As of Aug. 06, 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.

FRA:N7T Nutrien Ltd FRA:N7T
76 GF Score
Price €58.22
GF Value €47.78
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Nutrien Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nutrien  (FRA:N7T) 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.


Nutrien Cyclically Adjusted PS Ratio Related Terms


Nutrien Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nutrien'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.

Nutrien Cyclically Adjusted PS Ratio Chart

Nutrien 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 2.70 2.26 1.48 1.16 1.38

Nutrien 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 1.34 1.35 1.38 1.66 0.00

FRA:N7T vs CTVA, CF, MOS: Cyclically Adjusted PS Ratio Comparison

For the Agricultural Inputs subindustry, Nutrien'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.


Nutrien Cyclically Adjusted PS Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Nutrien's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:N7T
76GF Score
Nutrien Ltd FRA:N7T
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nutrien 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.

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

For example, Nutrien'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)
=19.559/133.5265*133.5265
=19.559

Current CPI (Jun. 2026) = 133.5265.

Nutrien Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.012 101.765 3.952
201612 2.986 101.449 3.930
201703 3.094 102.634 4.025
201706 2.966 103.029 3.844
201709 3.080 103.345 3.980
201712 2.716 103.345 3.509
201803 4.622 105.004 5.877
201806 10.994 105.557 13.907
201809 5.561 105.636 7.029
201812 5.565 105.399 7.050
201903 5.459 106.979 6.814
201906 13.211 107.690 16.380
201909 6.598 107.611 8.187
201912 5.498 107.769 6.812
202003 6.652 107.927 8.230
202006 13.154 108.401 16.203
202009 6.305 108.164 7.783
202012 5.851 108.559 7.197
202103 6.854 110.298 8.297
202106 14.167 111.720 16.932
202109 8.948 112.905 10.582
202112 11.284 113.774 13.243
202203 12.535 117.646 14.227
202206 24.875 120.806 27.494
202209 15.424 120.648 17.070
202212 13.736 120.964 15.163
202303 11.357 122.702 12.359
202306 21.690 124.203 23.318
202309 10.658 125.230 11.364
202312 10.496 125.072 11.205
202403 10.020 126.258 10.597
202406 19.064 127.522 19.962
202409 9.737 127.285 10.214
202412 9.840 127.364 10.316
202503 9.637 129.181 9.961
202506 18.560 129.892 19.079
202509 10.536 130.287 10.798
202512 9.438 130.366 9.667
202603 10.858 132.262 10.962
202606 19.559 133.527 19.559

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 Nutrien (FRA:N7T) Overvalued in 2026?

Based on GuruFocus' analysis, Nutrien stock appears to be overvalued. The current stock price of €58.22 is trading 21.9% above its estimated GF Value™ of €47.78. GuruFocus considers Nutrien to be Modestly Overvalued.

Key valuation signals for FRA:N7T:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €47.78 vs. price of €58.22 (21.9% above fair value)
  • GF Score™: 76/100 with 2 warning signs

No single metric tells the full story. See the FRA:N7T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nutrien Business Description

Address 211 19th Street East, Suite 1700, Saskatoon, SK, CAN, S7K 5R6
Created in 2018 as a result of the merger between PotashCorp and Agrium, Nutrien is the world's largest fertilizer producer by capacity. Nutrien produces the three main crop nutrients—nitrogen, potash, and phosphate—although its main focus is potash, where it is the global leader in installed capacity with a roughly 20% market share. The company is also the largest agricultural retailer in North America and Australia, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.
76GF Score

Get the complete analysis for FRA:N7T

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

€58.22
Price
€47.78
GF Value