National Foods FZCO (KAR:NATF) Cyclically Adjusted PS Ratio: 1.69 (As of Jul. 20, 2026) — 47% Above Median

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KAR:NATF National Foods FZCO KAR:NATF
95 GF Score
Price ₨388.42
GF Value ₨263.16
Valuation Significantly Overvalued
! 6 Warning Signs
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What is National Foods FZCO Cyclically Adjusted PS Ratio?

National Foods FZCO KAR:NATF -1.45% 95 Cyclically Adjusted PS Ratio is 1.69 as of Jul. 20, 2026, which is 47% above its 10-year median of 1.15. GuruFocus rates KAR:NATF with a GF Score™ of 95/100 and a GF Value™ of ₨263.16 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,448 Consumer Packaged Goods companies, National Foods FZCO ranks worse than 73.2% on this metric.

As of today (2026-07-20), National Foods FZCO's current share price is ₨388.42. National Foods FZCO's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₨230.38. National Foods FZCO's Cyclically Adjusted PS Ratio for today is 1.69.

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

KAR:NATF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.15   Max: 1.93
Current: 1.69

During the past years, National Foods FZCO's highest Cyclically Adjusted PS Ratio was 1.93. The lowest was 0.75. And the median was 1.15.

KAR:NATF's Cyclically Adjusted PS Ratio is ranked worse than
73.2% of 1448 companies
in the Consumer Packaged Goods industry
Industry Median: 0.77 vs KAR:NATF: 1.69

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.

National Foods FZCO's adjusted revenue per share data for the three months ended in Mar. 2026 was ₨70.060. 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 ₨230.38 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


National Foods FZCO  (KAR:NATF) 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.


National Foods FZCO Cyclically Adjusted PS Ratio Related Terms


National Foods FZCO Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for National Foods FZCO'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.

National Foods FZCO Cyclically Adjusted PS Ratio Chart

National Foods FZCO Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 1.35 0.75 1.03 1.54

National Foods FZCO 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 1.18 1.54 1.69 1.79 1.45

KAR:NATF vs KHC, GIS: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, National Foods FZCO'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.


National Foods FZCO Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, National Foods FZCO's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


KAR:NATF
95GF Score
National Foods FZCO KAR:NATF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Foods FZCO 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.

National Foods FZCO's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=388.42/230.38
=1.69

* 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.

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

For example, National Foods FZCO'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)
=70.06/330.2130*330.2130
=70.060

Current CPI (Mar. 2026) = 330.2130.

National Foods FZCO Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 8.009 241.018 10.973
201609 15.869 241.428 21.705
201612 14.241 241.432 19.478
201703 17.835 243.801 24.156
201706 24.075 244.955 32.454
201709 23.910 246.819 31.989
201712 20.496 246.524 27.454
201803 21.932 249.554 29.021
201806 27.312 251.989 35.790
201809 25.734 252.439 33.662
201812 28.333 251.233 37.240
201903 29.458 254.202 38.266
201906 30.150 256.143 38.869
201909 31.035 256.759 39.914
201912 34.741 256.974 44.642
202003 31.229 258.115 39.952
202006 32.965 257.797 42.225
202009 43.382 260.280 55.038
202012 50.595 260.474 64.141
202103 40.629 264.877 50.651
202106 38.769 271.696 47.119
202109 42.798 274.310 51.520
202112 44.341 278.802 52.517
202203 53.836 287.504 61.833
202206 54.226 296.311 60.430
202209 56.315 296.808 62.653
202212 57.791 296.797 64.298
202303 79.410 301.836 86.876
202306 82.397 305.109 89.177
202309 85.598 307.789 91.834
202312 86.393 306.746 93.002
202403 102.514 312.332 108.383
202406 95.683 314.175 100.567
202409 38.218 315.301 40.026
202412 43.913 315.605 45.946
202503 60.861 319.799 62.843
202506 291.548 322.561 298.464
202509 43.594 324.800 44.321
202512 53.300 324.054 54.313
202603 70.060 330.213 70.060

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 1.69 mean?
National Foods FZCO (KAR:NATF) has a Cyclically Adjusted PS Ratio of 1.69 as of Jul. 20, 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 National Foods FZCO and its competitors. This is 47% above median its historical median of 1.15. Over the past decade, National Foods FZCO's Cyclically Adjusted PS Ratio has ranged from 0.75 to 1.93. According to the industry distribution chart, National Foods FZCO ranks #1060 out of 1448 companies in the Consumer Packaged Goods industry, placing it in the top 73.2%.
Is National Foods FZCO's Cyclically Adjusted PS Ratio too high?
National Foods FZCO's current Cyclically Adjusted PS Ratio of 1.69 is 47% above median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 1.93. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.77. National Foods FZCO's value of 1.69 is 119.5% above this industry median. Based on the distribution chart, National Foods FZCO ranks #1060 out of 1448 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, National Foods FZCO has a GF Score™ of 95/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Foods FZCO's Cyclically Adjusted PS Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, National Foods FZCO ranks #1060 out of 1448 companies for Cyclically Adjusted PS Ratio. This places National Foods FZCO in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.77. National Foods FZCO's value of 1.69 is 119.5% above this benchmark. Historically, National Foods FZCO's own Cyclically Adjusted PS Ratio has ranged from 0.75 to 1.93 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 0.77, National Foods FZCO 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.77, based on 1,448 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. National Foods FZCO's current Cyclically Adjusted PS Ratio of 1.69 is 119.5% 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 National Foods FZCO and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Foods FZCO's current Cyclically Adjusted PS Ratio is 1.69, which is 47% above median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Foods FZCO stock overvalued right now?
Based on GuruFocus' analysis, National Foods FZCO (KAR:NATF) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨263.16, compared to a current price of ₨388.42 — trading 47.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.69, which is 47% above median its 10-year median of 1.15 and 119.5% above the Consumer Packaged Goods industry median of 0.77. National Foods FZCO's overall GF Score™ is 95/100 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 National Foods FZCO (KAR:NATF), the current Cyclically Adjusted PS Ratio is 1.69 as of Jul. 20, 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 National Foods FZCO (KAR:NATF) Overvalued in 2026?

Based on GuruFocus' analysis, National Foods FZCO stock appears to be overvalued. The current stock price of ₨388.42 is trading 47.6% above its estimated GF Value™ of ₨263.16. GuruFocus considers National Foods FZCO to be Significantly Overvalued.

Key valuation signals for KAR:NATF:

  • Cyclically Adjusted PS Ratio: 1.69 (47% above median its 10-year median of 1.15)
  • GF Value™: ₨263.16 vs. price of ₨388.42 (47.6% above fair value)
  • GF Score™: 95/100 with 6 warning signs
  • Industry Position: 119.5% above the Consumer Packaged Goods median (#1060 of 1448)

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


National Foods FZCO Business Description

Address 12/CL-6, Claremont Road, Civil Lines, Karachi, SD, PAK, 75530
National Foods FZCO, formerly known as National Foods Ltd, is a Pakistan-based multi-category food company. It is principally engaged in the manufacturing and sale of convenience food products. The company's operating segment includes Food and food-related products and Retail. It generates maximum revenue from the Food and food-related products segment. Geographically, it derives the majority of revenue from Pakistan and also has a presence in KSA/Canada, the Middle East. The products of the company include desserts, jams, pickles, frozen meals, ketchup, recipe masala, rice, basic spices, and snacks.
95GF Score

Get the complete analysis for KAR:NATF

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

₨388.42
Price
₨263.16
GF Value