Natural Alternatives International (FRA:NA2) Cyclically Adjusted PS Ratio: 0.09 (As of Jul. 24, 2026) — 83% Below Median

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FRA:NA2 Natural Alternatives International Inc FRA:NA2
49 GF Score
Price €1.99
GF Value €4.47
! 5 Warning Signs
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What is Natural Alternatives International Cyclically Adjusted PS Ratio?

Natural Alternatives International FRA:NA2 +1.53% 49 Cyclically Adjusted PS Ratio is 0.09 as of Jul. 24, 2026, which is 83% below its 10-year median of 0.53. GuruFocus rates FRA:NA2 with a GF Score™ of 49/100 and a GF Value™ of €4.47. The stock has 5 warning signs investors should review. Among 1,449 Consumer Packaged Goods companies, Natural Alternatives International ranks better than 95.24% on this metric.

As of today (2026-07-24), Natural Alternatives International's current share price is €1.99. Natural Alternatives International's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €21.25. Natural Alternatives International's Cyclically Adjusted PS Ratio for today is 0.09.

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

FRA:NA2' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.08   Med: 0.53   Max: 1.16
Current: 0.09

During the past years, Natural Alternatives International's highest Cyclically Adjusted PS Ratio was 1.16. The lowest was 0.08. And the median was 0.53.

FRA:NA2's Cyclically Adjusted PS Ratio is ranked better than
95.24% of 1449 companies
in the Consumer Packaged Goods industry
Industry Median: 0.77 vs FRA:NA2: 0.09

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.

Natural Alternatives International's adjusted revenue per share data for the three months ended in Mar. 2026 was €5.094. 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 €21.25 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Natural Alternatives International  (FRA:NA2) 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.


Natural Alternatives International Cyclically Adjusted PS Ratio Related Terms


Natural Alternatives International Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Natural Alternatives International'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.

Natural Alternatives International Cyclically Adjusted PS Ratio Chart

Natural Alternatives International Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.94 0.50 0.31 0.25 0.13

Natural Alternatives International 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 0.14 0.13 0.11 0.14 0.10

FRA:NA2 vs LIMX, FAMI, WYGC: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, Natural Alternatives International'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.


Natural Alternatives International Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Natural Alternatives International's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:NA2
49GF Score
Natural Alternatives International Inc FRA:NA2
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Natural Alternatives International 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.

Natural Alternatives International's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.99/21.25
=0.09

* 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.

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

For example, Natural Alternatives International'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)
=5.094/330.2130*330.2130
=5.094

Current CPI (Mar. 2026) = 330.2130.

Natural Alternatives International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.759 241.018 6.520
201609 4.567 241.428 6.247
201612 4.335 241.432 5.929
201703 3.553 243.801 4.812
201706 4.289 244.955 5.782
201709 3.448 246.819 4.613
201712 4.258 246.524 5.703
201803 3.735 249.554 4.942
201806 4.821 251.989 6.318
201809 4.495 252.439 5.880
201812 4.527 251.233 5.950
201903 4.243 254.202 5.512
201906 3.808 256.143 4.909
201909 3.795 256.759 4.881
201912 3.804 256.974 4.888
202003 3.513 258.115 4.494
202006 4.736 257.797 6.066
202009 5.212 260.280 6.612
202012 6.171 260.474 7.823
202103 6.150 264.877 7.667
202106 5.835 271.696 7.092
202109 5.131 274.310 6.177
202112 5.337 278.802 6.321
202203 6.369 287.504 7.315
202206 8.322 296.311 9.274
202209 7.329 296.808 8.154
202212 6.798 296.797 7.563
202303 5.251 301.836 5.745
202306 5.658 305.109 6.124
202309 5.441 307.789 5.837
202312 3.950 306.746 4.252
202403 3.941 312.332 4.167
202406 4.631 314.175 4.867
202409 5.046 315.301 5.285
202412 5.496 315.605 5.750
202503 4.477 319.799 4.623
202506 4.891 322.561 5.007
202509 5.351 324.800 5.440
202512 4.946 324.054 5.040
202603 5.094 330.213 5.094

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 0.09 mean?
Natural Alternatives International (FRA:NA2) has a Cyclically Adjusted PS Ratio of 0.09 as of Jul. 24, 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 Natural Alternatives International and its competitors. This is 83% below median its historical median of 0.53. Over the past decade, Natural Alternatives International's Cyclically Adjusted PS Ratio has ranged from 0.08 to 1.16. According to the industry distribution chart, Natural Alternatives International ranks #69 out of 1449 companies in the Consumer Packaged Goods industry, placing it in the top 4.8%.
Is Natural Alternatives International's Cyclically Adjusted PS Ratio too high?
Natural Alternatives International's current Cyclically Adjusted PS Ratio of 0.09 is 83% below median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 1.16. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.77. Natural Alternatives International's value of 0.09 is 88.3% below this industry median. Based on the distribution chart, Natural Alternatives International ranks #69 out of 1449 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Natural Alternatives International has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Natural Alternatives International's Cyclically Adjusted PS Ratio compare to LIMX and FAMI?
According to the Consumer Packaged Goods industry distribution chart, Natural Alternatives International ranks #69 out of 1449 companies for Cyclically Adjusted PS Ratio. This places Natural Alternatives International in the top 5% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.77. Natural Alternatives International's value of 0.09 is 88.3% below this benchmark. Historically, Natural Alternatives International's own Cyclically Adjusted PS Ratio has ranged from 0.08 to 1.16 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 0.77, Natural Alternatives International 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.77, based on 1,449 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. Natural Alternatives International's current Cyclically Adjusted PS Ratio of 0.09 is 88.3% 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 Natural Alternatives International and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Alternatives International's current Cyclically Adjusted PS Ratio is 0.09, which is 83% below median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Alternatives International stock overvalued right now?
Natural Alternatives International (FRA:NA2) has a current Cyclically Adjusted PS Ratio of 0.09. The stock's GF Value™ is €4.47, compared to a current price of €1.99 — trading 55.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.09, which is 83% below median its 10-year median of 0.53 and 88.3% below the Consumer Packaged Goods industry median of 0.77. Natural Alternatives International's overall GF Score™ is 49/100 with 5 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 Natural Alternatives International (FRA:NA2), the current Cyclically Adjusted PS Ratio is 0.09 as of Jul. 24, 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 Natural Alternatives International (FRA:NA2) Overvalued in 2026?

Based on GuruFocus' analysis, Natural Alternatives International stock appears to be undervalued. The current stock price of €1.99 is trading 55.5% below its estimated GF Value™ of €4.47.

Key valuation signals for FRA:NA2:

  • Cyclically Adjusted PS Ratio: 0.09 (83% below median its 10-year median of 0.53)
  • GF Value™: €4.47 vs. price of €1.99 (55.5% below fair value)
  • GF Score™: 49/100 with 5 warning signs
  • Industry Position: 88.3% below the Consumer Packaged Goods median (#69 of 1449)

No single metric tells the full story. See the FRA:NA2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Natural Alternatives International Business Description

Other Exchanges NAII:USA
Address 1535 Faraday Avenue, Carlsbad, CA, USA, 92008
Natural Alternatives International Inc is engaged in formulating, manufacturing, and marketing nutritional supplements. It offers vitamins, minerals, herbs, and other supplements, as well as other healthcare products, to customers within the United States and internationally. Its business activity is operated through Private-Label Contract Manufacturing and Patent & Trademark Licensing segments. The company derives the majority of revenue from Private-Label Contract Manufacturing, which is engaged in providing manufacturing services to companies that market and distribute nutritional supplements and other healthcare products, whereas the Patent and Trademark Licensing segment includes royalty income from its license and supply agreements associated with the sale.
49GF Score

Get the complete analysis for FRA:NA2

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

€1.99
Price
€4.47
GF Value