Numeral (JSE:XII) Cyclically Adjusted PS Ratio: 7.50 (As of Jul. 19, 2026) — 25% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

JSE:XII Numeral Ltd JSE:XII
14 GF Score
Price R0.30
! 7 Warning Signs
View Full Analysis

What is Numeral Cyclically Adjusted PS Ratio?

Numeral JSE:XII 14 Cyclically Adjusted PS Ratio is 7.50 as of Jul. 19, 2026, which is 25% below its 10-year median of 10.00. GuruFocus rates JSE:XII with a GF Score™ of 14/100. The stock has 7 warning signs investors should review. Among 752 Drug Manufacturers companies, Numeral ranks worse than 74.73% on this metric.

As of today (2026-07-19), Numeral's current share price is R0.30. Numeral's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Feb26 was R0.04. Numeral's Cyclically Adjusted PS Ratio for today is 7.50.

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

JSE:XII' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.49   Med: 10   Max: 10
Current: 4.49

During the past 13 years, Numeral's highest Cyclically Adjusted PS Ratio was 10.00. The lowest was 4.49. And the median was 10.00.

JSE:XII's Cyclically Adjusted PS Ratio is ranked worse than
74.73% of 752 companies
in the Drug Manufacturers industry
Industry Median: 2 vs JSE:XII: 4.49

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.

Numeral's adjusted revenue per share data of for the fiscal year that ended in Feb26 was R0.283. 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 R0.04 for the trailing ten years ended in Feb26.

Shiller PE for Stocks: The True Measure of Stock Valuation


Numeral  (JSE:XII) 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.


Numeral Cyclically Adjusted PS Ratio Related Terms


Numeral Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Numeral'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.

Numeral Cyclically Adjusted PS Ratio Chart

Numeral Annual Data
Trend Dec15 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 7.71 8.66 6.73

Numeral Quarterly Data
Nov20 Feb21 Aug21 Nov21 Feb22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 8.66 0.00 0.00 0.00 6.73

JSE:XII vs ZTS, UTHR, VTRS: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Numeral'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.


Numeral Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Numeral's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


JSE:XII
14GF Score
Numeral Ltd JSE:XII
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Numeral 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.30/0.04
=7.50

* 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.

Numeral's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Feb26 is calculated as:

For example, Numeral's adjusted Revenue per Share data for the fiscal year that ended in Feb26 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb26 (Change)*Current CPI (Feb26)
=0.283/326.7850*326.7850
=0.283

Current CPI (Feb26) = 326.7850.

Numeral Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201512 0.000 236.525 0.000
201802 0.239 248.991 0.314
201902 0.000 252.776 0.000
202002 0.000 258.678 0.000
202102 0.000 263.014 0.000
202202 0.000 283.716 0.000
202302 0.000 300.840 0.000
202402 0.013 310.326 0.014
202502 0.145 319.082 0.149
202602 0.283 326.785 0.283

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 7.50 mean?
Numeral (JSE:XII) has a Cyclically Adjusted PS Ratio of 7.50 as of Jul. 19, 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 Numeral and its competitors. This is 25% below median its historical median of 10.00. Over the past decade, Numeral's Cyclically Adjusted PS Ratio has ranged from 4.49 to 10.00. According to the industry distribution chart, Numeral ranks #562 out of 752 companies in the Drug Manufacturers industry, placing it in the top 74.7%.
Is Numeral's Cyclically Adjusted PS Ratio too high?
Numeral's current Cyclically Adjusted PS Ratio of 7.50 is 25% below median its 10-year median of 10.00. Over the past 10 years, this metric has ranged from a low of 4.49 to a high of 10.00. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 2.00. Numeral's value of 7.50 is 275% above this industry median. Based on the distribution chart, Numeral ranks #562 out of 752 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Numeral has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Numeral's Cyclically Adjusted PS Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Numeral ranks #562 out of 752 companies for Cyclically Adjusted PS Ratio. This places Numeral in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.00. Numeral's value of 7.50 is 275% above this benchmark. Historically, Numeral's own Cyclically Adjusted PS Ratio has ranged from 4.49 to 10.00 over the past decade. While the company's 10-year median is 10.00 vs. the industry median of 2.00, Numeral has consistently been above 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 Drug Manufacturers company?
The median Cyclically Adjusted PS Ratio among Drug Manufacturers companies is 2.00, based on 752 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. Numeral's current Cyclically Adjusted PS Ratio of 7.50 is 275% above 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 Numeral and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Numeral's current Cyclically Adjusted PS Ratio is 7.50, which is 25% below median its own 10-year median of 10.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Numeral stock overvalued right now?
Numeral (JSE:XII) has a current Cyclically Adjusted PS Ratio of 7.50. The current Cyclically Adjusted PS Ratio is 7.50, which is 25% below median its 10-year median of 10.00 and 275% above the Drug Manufacturers industry median of 2.00. Numeral's overall GF Score™ is 14/100 with 7 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 Numeral (JSE:XII), the current Cyclically Adjusted PS Ratio is 7.50 as of Jul. 19, 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.

Numeral Business Description

Other Exchanges NXII.N0000:Mauritius
Address Sayed Hossen Road, Unit 13 Socota Phoenicia, Phoenix, MUS
Numeral Ltd is an investment holding company based in Mauritius with a focus on fintech, biotechnology, and asset management. Geographically it has a presence in countries across Africa, Europe and Asia. The majority of its revenue is generated in the form of Trading income.
14GF Score

Get the complete analysis for JSE:XII

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

R0.30
Price