Nordwest Handel AG (HAM:NWX) Cyclically Adjusted PS Ratio: 0.09 (As of Aug. 04, 2026) — 25% Below Median

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HAM:NWX Nordwest Handel AG HAM:NWX
59 GF Score
Price €16.20
GF Value €15.63
Valuation Fairly Valued
! 3 Warning Signs
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What is Nordwest Handel AG Cyclically Adjusted PS Ratio?

Nordwest Handel AG HAM:NWX -1.82% 59 Cyclically Adjusted PS Ratio is 0.09 as of Aug. 04, 2026, which is 25% below its 10-year median of 0.12. GuruFocus rates HAM:NWX with a GF Score™ of 59/100 and a GF Value™ of €15.63 (Fairly Valued). The stock has 3 warning signs investors should review. Among 127 Industrial Distribution companies, Nordwest Handel AG ranks better than 90.55% on this metric.

As of today (2026-08-04), Nordwest Handel AG's current share price is €16.20. Nordwest Handel AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €173.86. Nordwest Handel AG's Cyclically Adjusted PS Ratio for today is 0.09.

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

HAM:NWX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.12   Max: 0.16
Current: 0.1

During the past years, Nordwest Handel AG's highest Cyclically Adjusted PS Ratio was 0.16. The lowest was 0.09. And the median was 0.12.

HAM:NWX's Cyclically Adjusted PS Ratio is ranked better than
90.55% of 127 companies
in the Industrial Distribution industry
Industry Median: 0.5 vs HAM:NWX: 0.10

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.

Nordwest Handel AG's adjusted revenue per share data for the three months ended in Mar. 2026 was €18.356. 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 €173.86 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nordwest Handel AG  (HAM: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 0.12 0.11 0.10

Nordwest Handel AG 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 0.12 0.12 0.11 0.10 0.10

HAM: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.


HAM:NWX
59GF Score
Nordwest Handel AG HAM: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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=16.20/173.86
=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.

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

For example, Nordwest Handel AG'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)
=18.356/131.2583*131.2583
=18.356

Current CPI (Mar. 2026) = 131.2583.

Nordwest Handel AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 31.535 100.717 41.098
201609 27.930 101.017 36.291
201612 31.377 101.217 40.690
201703 29.087 101.417 37.646
201706 29.519 102.117 37.943
201709 32.258 102.717 41.221
201712 42.037 102.617 53.770
201803 38.187 102.917 48.703
201806 36.625 104.017 46.217
201809 40.533 104.718 50.806
201812 37.643 104.217 47.410
201903 43.209 104.217 54.420
201906 39.474 105.718 49.011
201909 37.894 106.018 46.916
201912 33.482 105.818 41.532
202003 43.880 105.718 54.481
202006 37.127 106.618 45.707
202009 39.283 105.818 48.727
202012 39.404 105.518 49.016
202103 50.955 107.518 62.206
202106 63.432 108.486 76.747
202109 61.978 109.435 74.338
202112 60.462 110.384 71.896
202203 80.701 113.968 92.944
202206 79.419 115.760 90.052
202209 64.803 118.818 71.588
202212 54.412 119.345 59.844
202303 64.586 122.402 69.259
202306 52.025 123.140 55.455
202309 -55.812 124.195 -58.986
202312 23.414 123.773 24.830
202403 20.411 125.038 21.426
202406 22.175 125.882 23.122
202409 20.923 126.198 21.762
202412 24.533 127.041 25.347
202503 21.823 127.779 22.417
202506 22.170 128.412 22.661
202509 18.279 129.255 18.562
202512 22.329 129.361 22.657
202603 18.356 131.258 18.356

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?
Nordwest Handel AG (HAM:NWX) has a Cyclically Adjusted PS Ratio of 0.09 as of Aug. 04, 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 Nordwest Handel AG and its competitors. This is 25% below median its historical median of 0.12. Over the past decade, Nordwest Handel AG's Cyclically Adjusted PS Ratio has ranged from 0.09 to 0.16. According to the industry distribution chart, Nordwest Handel AG ranks #12 out of 127 companies in the Industrial Distribution industry, placing it in the top 9.4%.
Is Nordwest Handel AG's Cyclically Adjusted PS Ratio too high?
Nordwest Handel AG's current Cyclically Adjusted PS Ratio of 0.09 is 25% below median its 10-year median of 0.12. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.16. The Industrial Distribution industry median Cyclically Adjusted PS Ratio is 0.50. Nordwest Handel AG's value of 0.09 is 82% below this industry median. Based on the distribution chart, Nordwest Handel AG ranks #12 out of 127 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Nordwest Handel AG has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nordwest Handel AG's Cyclically Adjusted PS Ratio compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Nordwest Handel AG ranks #12 out of 127 companies for Cyclically Adjusted PS Ratio. This places Nordwest Handel AG in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.50. Nordwest Handel AG's value of 0.09 is 82% below this benchmark. Historically, Nordwest Handel AG's own Cyclically Adjusted PS Ratio has ranged from 0.09 to 0.16 over the past decade. While the company's 10-year median is 0.12 vs. the industry median of 0.50, Nordwest Handel AG 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 an Industrial Distribution company?
The median Cyclically Adjusted PS Ratio among Industrial Distribution companies is 0.50, based on 127 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. Nordwest Handel AG's current Cyclically Adjusted PS Ratio of 0.09 is 82% 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 Nordwest Handel AG and its competitors. For the Industrial Distribution industry, the median Cyclically Adjusted PS Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nordwest Handel AG's current Cyclically Adjusted PS Ratio is 0.09, which is 25% 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 Nordwest Handel AG stock overvalued right now?
Based on GuruFocus' analysis, Nordwest Handel AG (HAM:NWX) is currently considered Fairly Valued. The stock's GF Value™ is €15.63, compared to a current price of €16.20 — trading 3.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.09, which is 25% below median its 10-year median of 0.12 and 82% below the Industrial Distribution industry median of 0.50. Nordwest Handel AG's overall GF Score™ is 59/100 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 Nordwest Handel AG (HAM:NWX), the current Cyclically Adjusted PS Ratio is 0.09 as of Aug. 04, 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 Nordwest Handel AG (HAM:NWX) Overvalued in 2026?

Based on GuruFocus' analysis, Nordwest Handel AG stock appears to be overvalued. The current stock price of €16.20 is trading 3.6% above its estimated GF Value™ of €15.63. GuruFocus considers Nordwest Handel AG to be Fairly Valued.

Key valuation signals for HAM:NWX:

  • Cyclically Adjusted PS Ratio: 0.09 (25% below median its 10-year median of 0.12)
  • GF Value™: €15.63 vs. price of €16.20 (3.6% above fair value)
  • GF Score™: 59/100 with 3 warning signs
  • Industry Position: 82% below the Industrial Distribution median (#12 of 127)

No single metric tells the full story. See the HAM: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: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.
59GF Score

Get the complete analysis for HAM:NWX

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

€16.20
Price
€15.63
GF Value