Natuzzi SpA (FRA:NTZA) Cyclically Adjusted PS Ratio: 0.03 (As of Aug. 13, 2026) — 75% Below Median

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FRA:NTZA Natuzzi SpA FRA:NTZA
45 GF Score
Price €1.03
GF Value €3.14
Valuation Possible Value Trap
! 3 Warning Signs
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What is Natuzzi SpA Cyclically Adjusted PS Ratio?

Natuzzi SpA FRA:NTZA 45 Cyclically Adjusted PS Ratio is 0.03 as of Aug. 13, 2026, which is 75% below its 10-year median of 0.12. GuruFocus rates FRA:NTZA with a GF Score™ of 45/100 and a GF Value™ of €3.14 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 335 Furnishings, Fixtures & Appliances companies, Natuzzi SpA ranks better than 98.51% on this metric.

As of today (2026-08-13), Natuzzi SpA's current share price is €1.03. Natuzzi SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €38.31. Natuzzi SpA's Cyclically Adjusted PS Ratio for today is 0.03.

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

FRA:NTZA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.12   Max: 0.42
Current: 0.03

During the past years, Natuzzi SpA's highest Cyclically Adjusted PS Ratio was 0.42. The lowest was 0.01. And the median was 0.12.

FRA:NTZA's Cyclically Adjusted PS Ratio is ranked better than
98.51% of 335 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.69 vs FRA:NTZA: 0.03

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.

Natuzzi SpA's adjusted revenue per share data for the three months ended in Mar. 2026 was €5.402. 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 €38.31 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Natuzzi SpA  (FRA:NTZA) 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.


Natuzzi SpA Cyclically Adjusted PS Ratio Related Terms


Natuzzi SpA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Natuzzi SpA'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.

Natuzzi SpA Cyclically Adjusted PS Ratio Chart

Natuzzi SpA 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 0.32 0.14 0.13 0.10 0.05

Natuzzi SpA 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 0.10 0.08 0.07 0.05 0.07

FRA:NTZA vs MWYN, EFOI, SNTW: Cyclically Adjusted PS Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Natuzzi SpA'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.


Natuzzi SpA Cyclically Adjusted PS Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Natuzzi SpA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:NTZA
45GF Score
Natuzzi SpA FRA:NTZA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Natuzzi SpA 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.

Natuzzi SpA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.03/38.31
=0.03

* 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.

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

For example, Natuzzi SpA'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)
=5.402/124.5600*124.5600
=5.402

Current CPI (Mar. 2026) = 124.5600.

Natuzzi SpA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 13.750 99.900 17.144
201609 9.273 100.100 11.539
201612 11.359 100.300 14.106
201703 10.822 101.000 13.346
201706 10.167 101.100 12.526
201709 8.789 101.200 10.818
201712 10.800 101.200 13.293
201803 10.628 101.800 13.004
201806 9.795 102.400 11.915
201809 8.367 102.600 10.158
201812 10.545 102.300 12.840
201903 9.235 102.800 11.190
201906 8.342 103.100 10.078
201909 7.974 102.900 9.652
201912 8.988 102.800 10.891
202003 7.500 102.900 9.079
202006 5.615 102.900 6.797
202009 7.673 102.300 9.343
202012 9.053 102.600 10.991
202103 9.152 103.700 10.993
202106 9.881 104.200 11.812
202109 9.897 104.900 11.752
202112 9.334 106.600 10.907
202203 10.801 110.400 12.186
202206 10.655 112.500 11.797
202209 10.628 114.200 11.592
202212 10.575 119.000 11.069
202303 7.817 118.800 8.196
202306 7.581 119.700 7.889
202309 6.800 120.300 7.041
202312 7.637 119.700 7.947
202403 7.671 120.200 7.949
202406 7.662 120.700 7.907
202409 6.809 121.200 6.998
202412 6.800 121.200 6.989
202503 7.090 122.500 7.209
202506 7.108 122.700 7.216
202509 6.754 123.100 6.834
202512 7.037 122.600 7.150
202603 5.402 124.560 5.402

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 0.03 mean?
Natuzzi SpA (FRA:NTZA) has a Cyclically Adjusted PS Ratio of 0.03 as of Aug. 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 Natuzzi SpA and its competitors. This is 75% below median its historical median of 0.12. Over the past decade, Natuzzi SpA's Cyclically Adjusted PS Ratio has ranged from 0.01 to 0.42. According to the industry distribution chart, Natuzzi SpA ranks #5 out of 335 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 1.5%.
Is Natuzzi SpA's Cyclically Adjusted PS Ratio too high?
Natuzzi SpA's current Cyclically Adjusted PS Ratio of 0.03 is 75% below median its 10-year median of 0.12. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.42. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PS Ratio is 0.69. Natuzzi SpA's value of 0.03 is 95.7% below this industry median. Based on the distribution chart, Natuzzi SpA ranks #5 out of 335 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Natuzzi SpA has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Natuzzi SpA's Cyclically Adjusted PS Ratio compare to MWYN and EFOI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Natuzzi SpA ranks #5 out of 335 companies for Cyclically Adjusted PS Ratio. This places Natuzzi SpA in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.69. Natuzzi SpA's value of 0.03 is 95.7% below this benchmark. Historically, Natuzzi SpA's own Cyclically Adjusted PS Ratio has ranged from 0.01 to 0.42 over the past decade. While the company's 10-year median is 0.12 vs. the industry median of 0.69, Natuzzi SpA 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PS Ratio among Furnishings, Fixtures & Appliances companies is 0.69, based on 335 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. Natuzzi SpA's current Cyclically Adjusted PS Ratio of 0.03 is 95.7% 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 Natuzzi SpA and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PS Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natuzzi SpA's current Cyclically Adjusted PS Ratio is 0.03, which is 75% below median its own 10-year median of 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natuzzi SpA stock overvalued right now?
Based on GuruFocus' analysis, Natuzzi SpA (FRA:NTZA) is currently considered Possible Value Trap. The stock's GF Value™ is €3.14, compared to a current price of €1.03 — trading 67.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.03, which is 75% below median its 10-year median of 0.12 and 95.7% below the Furnishings, Fixtures & Appliances industry median of 0.69. Natuzzi SpA's overall GF Score™ is 45/100 with 3 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 Natuzzi SpA (FRA:NTZA), the current Cyclically Adjusted PS Ratio is 0.03 as of Aug. 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 Natuzzi SpA (FRA:NTZA) Overvalued in 2026?

Based on GuruFocus' analysis, Natuzzi SpA stock appears to be undervalued. The current stock price of €1.03 is trading 67.2% below its estimated GF Value™ of €3.14. GuruFocus considers Natuzzi SpA to be Possible Value Trap.

Key valuation signals for FRA:NTZA:

  • Cyclically Adjusted PS Ratio: 0.03 (75% below median its 10-year median of 0.12)
  • GF Value™: €3.14 vs. price of €1.03 (67.2% below fair value)
  • GF Score™: 45/100 with 3 warning signs
  • Industry Position: 95.7% below the Furnishings, Fixtures & Appliances median (#5 of 335)

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


Natuzzi SpA Business Description

Other Exchanges NTZ:USA
Address Via Iazzitiello 47, Santeramo in Colle, Bari, ITA, 70029
Natuzzi SpA is an Italian firm that designs, manufactures, and sells contemporary and traditional leather and fabric-upholstered furniture. Its product portfolio includes sofas, loveseats, armchairs, sectional furniture, motion furniture, sofa beds, living room furnishings, and accessories. The company markets its products under several brands such as Natuzzi Italia, Private Label, and Natuzzi Editions. The Group operates in two operating segments, the Natuzzi brand and Private label. The Natuzzi brand segment includes net sales from the Natuzzi Italia, Natuzzi Editions, and Divani&Divani by Natuzzi product lines. Geographically, it derives a majority of its revenue from the United States of America and also has an international presence in Italy, Spain, the UK, China, and Other countries.
45GF Score

Get the complete analysis for FRA:NTZA

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

€1.03
Price
€3.14
GF Value