Nordwest Handel AG (FRA:NWX) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: 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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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:NWX Nordwest Handel AG FRA:NWX
61 GF Score
Price €15.50
GF Value €17.24
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Nordwest Handel AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nordwest Handel AG  (FRA:NWX) 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.


Nordwest Handel AG Cyclically Adjusted PS Ratio Related Terms


Nordwest Handel AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nordwest Handel AG'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.

Nordwest Handel AG Cyclically Adjusted PS Ratio Chart

Nordwest Handel AG 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 0.15 0.12 0.13 0.12 0.11

Nordwest Handel AG Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Jun23 Jun24 Jun25 Dec25 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 0.12 0.12 0.12 0.11 0.09

FRA:NWX vs GWW, FAST, FERG: Cyclically Adjusted PS Ratio Comparison

For the Industrial Distribution subindustry, Nordwest Handel AG'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.


Nordwest Handel AG Cyclically Adjusted PS Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Nordwest Handel AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:NWX
61GF Score
Nordwest Handel AG FRA:NWX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nordwest Handel AG 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.

Nordwest Handel AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Nordwest Handel AG's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=83.176/129.3606*129.3606
=83.176

Current CPI (Dec25) = 129.3606.

Nordwest Handel AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 122.259 101.217 156.254
201712 123.755 102.617 156.007
201812 151.727 104.217 188.332
201912 152.518 105.818 186.451
202012 159.395 105.518 195.412
202112 236.721 110.384 277.418
202212 279.101 119.345 302.524
202312 82.534 123.773 86.260
202412 86.439 127.041 88.017
202512 83.176 129.361 83.176

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 Nordwest Handel AG (FRA:NWX) Overvalued in 2026?

Based on GuruFocus' analysis, Nordwest Handel AG stock appears to be undervalued. The current stock price of €15.50 is trading 10.1% below its estimated GF Value™ of €17.24. GuruFocus considers Nordwest Handel AG to be Modestly Undervalued.

Key valuation signals for FRA:NWX:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €17.24 vs. price of €15.50 (10.1% below fair value)
  • GF Score™: 61/100 with 3 warning signs

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


Nordwest Handel AG Business Description

Other Exchanges NWX:GermanyNWX:Germany
Address Robert-Schuman-Strasse 17, Dortmund, DEU, D-44263
Nordwest Handel AG provides procurement, finance, logistics, IT, and sales services for small and medium sized businesses. It trades in various steel products, such as molded steel/broad flanged beams; and trades in occupational health and safety, construction equipment and components. The company also supplies sanitary/bathroom ceramics and fittings, bathroom furniture and radiators, shower separations, and accessories to plumbers, fitters, and housing societies, as well as to private building owners and renovators.
61GF Score

Get the complete analysis for FRA:NWX

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

€15.50
Price
€17.24
GF Value