Oando (JSE:OAO) Cyclically Adjusted PS Ratio: 0.44 (As of Jul. 29, 2026) — 633% Above Median

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JSE:OAO Oando PLC JSE:OAO
47 GF Score
Price R0.27
GF Value R0.25
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Oando Cyclically Adjusted PS Ratio?

Oando JSE:OAO -6.90% 47 Cyclically Adjusted PS Ratio is 0.44 as of Jul. 29, 2026, which is 633% above its 10-year median of 0.06. GuruFocus rates JSE:OAO with a GF Score™ of 47/100 and a GF Value™ of R0.25 (Fairly Valued). The stock has 6 warning signs investors should review. Among 707 Oil & Gas companies, Oando ranks better than 77.37% on this metric.

As of today (2026-07-29), Oando's current share price is R0.27. Oando's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was R0.62. Oando's Cyclically Adjusted PS Ratio for today is 0.44.

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

JSE:OAO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.06   Max: 0.94
Current: 0.32

During the past years, Oando's highest Cyclically Adjusted PS Ratio was 0.94. The lowest was 0.02. And the median was 0.06.

JSE:OAO's Cyclically Adjusted PS Ratio is ranked better than
77.37% of 707 companies
in the Oil & Gas industry
Industry Median: 1.05 vs JSE:OAO: 0.32

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.

Oando's adjusted revenue per share data for the three months ended in Dec. 2025 was R0.988. 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 R0.62 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Oando  (JSE:OAO) 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.


Oando Cyclically Adjusted PS Ratio Related Terms


Oando Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Oando'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.

Oando Cyclically Adjusted PS Ratio Chart

Oando Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.05 0.14 0.58 0.32

Oando Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.58 0.44 0.46 0.39 0.32

JSE:OAO vs MPC, VLO, PSX: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Oando'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.


Oando Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Oando's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


JSE:OAO
47GF Score
Oando PLC JSE:OAO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Oando 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.

Oando's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.27/0.62
=0.44

* 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.

Oando's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Oando's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.988/324.0540*324.0540
=0.988

Current CPI (Dec. 2025) = 324.0540.

Oando Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201509 0.038 237.945 0.052
201512 0.045 236.525 0.062
201603 0.018 238.132 0.024
201606 0.082 241.018 0.110
201609 0.096 241.428 0.129
201612 0.195 241.432 0.262
201703 0.115 243.801 0.153
201706 0.107 244.955 0.142
201709 0.097 246.819 0.127
201712 0.087 246.524 0.114
201803 0.125 249.554 0.162
201806 0.122 251.989 0.157
201809 0.172 252.439 0.221
201812 0.145 251.233 0.187
201903 0.139 254.202 0.177
201906 0.122 256.143 0.154
201909 0.082 256.759 0.103
202003 0.094 258.115 0.118
202006 0.075 257.797 0.094
202009 0.070 260.280 0.087
202103 0.128 264.877 0.157
202106 0.106 271.696 0.126
202109 0.188 274.310 0.222
202112 0.245 278.802 0.285
202203 0.345 287.504 0.389
202206 0.458 296.311 0.501
202209 0.253 296.808 0.276
202212 0.598 296.797 0.653
202303 0.446 301.836 0.479
202306 0.672 305.109 0.714
202309 0.831 307.789 0.875
202312 0.412 306.746 0.435
202403 0.823 312.332 0.854
202406 1.003 314.175 1.035
202409 1.119 315.301 1.150
202412 0.866 315.605 0.889
202503 0.838 319.799 0.849
202506 0.708 322.561 0.711
202509 0.792 324.800 0.790
202512 0.988 324.054 0.988

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 0.44 mean?
Oando (JSE:OAO) has a Cyclically Adjusted PS Ratio of 0.44 as of Jul. 29, 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 Oando and its competitors. This is 633% above median its historical median of 0.06. Over the past decade, Oando's Cyclically Adjusted PS Ratio has ranged from 0.02 to 0.94. According to the industry distribution chart, Oando ranks #160 out of 707 companies in the Oil & Gas industry, placing it in the top 22.6%.
Is Oando's Cyclically Adjusted PS Ratio too high?
Oando's current Cyclically Adjusted PS Ratio of 0.44 is 633% above median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.94. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.05. Oando's value of 0.44 is 58.1% below this industry median. Based on the distribution chart, Oando ranks #160 out of 707 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Oando has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Oando's Cyclically Adjusted PS Ratio compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Oando ranks #160 out of 707 companies for Cyclically Adjusted PS Ratio. This places Oando in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.05. Oando's value of 0.44 is 58.1% below this benchmark. Historically, Oando's own Cyclically Adjusted PS Ratio has ranged from 0.02 to 0.94 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 1.05, Oando 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 Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.05, based on 707 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. Oando's current Cyclically Adjusted PS Ratio of 0.44 is 58.1% 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 Oando and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oando's current Cyclically Adjusted PS Ratio is 0.44, which is 633% above median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oando stock overvalued right now?
Based on GuruFocus' analysis, Oando (JSE:OAO) is currently considered Fairly Valued. The stock's GF Value™ is R0.25, compared to a current price of R0.27 — trading 8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.44, which is 633% above median its 10-year median of 0.06 and 58.1% below the Oil & Gas industry median of 1.05. Oando's overall GF Score™ is 47/100 with 6 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 Oando (JSE:OAO), the current Cyclically Adjusted PS Ratio is 0.44 as of Jul. 29, 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 Oando (JSE:OAO) Overvalued in 2026?

Based on GuruFocus' analysis, Oando stock appears to be overvalued. The current stock price of R0.27 is trading 8% above its estimated GF Value™ of R0.25. GuruFocus considers Oando to be Fairly Valued.

Key valuation signals for JSE:OAO:

  • Cyclically Adjusted PS Ratio: 0.44 (633% above median its 10-year median of 0.06)
  • GF Value™: R0.25 vs. price of R0.27 (8% above fair value)
  • GF Score™: 47/100 with 6 warning signs
  • Industry Position: 58.1% below the Oil & Gas median (#160 of 707)

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


Oando Business Description

Industry EnergyOil & Gas
Other Exchanges OANDO:Nigeria
Address Ozumba Mbadiwe Avenue, 17a The Wings Complex, Victoria Island, Lagos, NGA
Oando PLC makes strategic investments in energy companies. Through its subsidiaries, the company is engaged in exploration and production, Supply and trading of petroleum products, and Mining and infrastructure development. The group has four operating segments: (i) Exploration and production. (ii) Supply and Trading (iii) Mining & infrastructure development, (iv) Corporate, and others. The majority of its revenue is generated from Supply and Trading which involves trading crude, refined, and unrefined petroleum products.
47GF Score

Get the complete analysis for JSE:OAO

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

R0.27
Price
R0.25
GF Value