Nishat Power (KAR:NPL) Cyclically Adjusted PS Ratio: 1.34 (As of Jul. 17, 2026) — 173% Above 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.

KAR:NPL Nishat Power Ltd KAR:NPL
59 GF Score
Price ₨69.87
GF Value ₨12.98
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Nishat Power Cyclically Adjusted PS Ratio?

Nishat Power KAR:NPL +7.92% 59 Cyclically Adjusted PS Ratio is 1.34 as of Jul. 17, 2026, which is 173% above its 10-year median of 0.49. GuruFocus rates KAR:NPL with a GF Score™ of 59/100 and a GF Value™ of ₨12.98 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 269 Utilities - Independent Power Producers companies, Nishat Power ranks better than 57.25% on this metric.

As of today (2026-07-17), Nishat Power's current share price is ₨69.87. Nishat Power's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₨52.28. Nishat Power's Cyclically Adjusted PS Ratio for today is 1.34.

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

KAR:NPL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.49   Max: 1.91
Current: 1.31

During the past years, Nishat Power's highest Cyclically Adjusted PS Ratio was 1.91. The lowest was 0.26. And the median was 0.49.

KAR:NPL's Cyclically Adjusted PS Ratio is ranked better than
57.25% of 269 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.66 vs KAR:NPL: 1.31

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.

Nishat Power's adjusted revenue per share data for the three months ended in Mar. 2026 was ₨6.583. 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 ₨52.28 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nishat Power  (KAR:NPL) 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.


Nishat Power Cyclically Adjusted PS Ratio Related Terms


Nishat Power Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nishat Power'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.

Nishat Power Cyclically Adjusted PS Ratio Chart

Nishat Power 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 0.35 0.31 0.28 0.67 0.67

Nishat Power 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 0.72 0.67 0.68 1.29 1.23

KAR:NPL vs CEG, VST, NRG: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Independent Power Producers subindustry, Nishat Power'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.


Nishat Power Cyclically Adjusted PS Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Nishat Power's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


KAR:NPL
59GF Score
Nishat Power Ltd KAR:NPL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nishat Power 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.

Nishat Power's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=69.87/52.28
=1.34

* 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.

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

For example, Nishat Power'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)
=6.583/330.2130*330.2130
=6.583

Current CPI (Mar. 2026) = 330.2130.

Nishat Power Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 6.917 241.018 9.477
201609 10.147 241.428 13.879
201612 9.328 241.432 12.758
201703 11.199 243.801 15.168
201706 11.801 244.955 15.908
201709 12.891 246.819 17.247
201712 9.843 246.524 13.184
201803 11.023 249.554 14.586
201806 14.054 251.989 18.417
201809 16.513 252.439 21.600
201812 8.676 251.233 11.403
201903 7.528 254.202 9.779
201906 11.310 256.143 14.581
201909 13.988 256.759 17.990
201912 6.523 256.974 8.382
202003 6.209 258.115 7.943
202006 6.433 257.797 8.240
202009 11.627 260.280 14.751
202012 3.643 260.474 4.618
202103 6.982 264.877 8.704
202106 10.034 271.696 12.195
202109 16.179 274.310 19.476
202112 11.681 278.802 13.835
202203 12.519 287.504 14.379
202206 26.493 296.311 29.524
202209 32.287 296.808 35.921
202212 6.338 296.797 7.052
202303 9.801 301.836 10.722
202306 16.689 305.109 18.062
202309 27.671 307.789 29.687
202312 6.860 306.746 7.385
202403 13.736 312.332 14.522
202406 15.313 314.175 16.095
202409 7.721 315.301 8.086
202412 2.226 315.605 2.329
202503 4.778 319.799 4.934
202506 5.195 322.561 5.318
202509 4.722 324.800 4.801
202512 3.212 324.054 3.273
202603 6.583 330.213 6.583

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 1.34 mean?
Nishat Power (KAR:NPL) has a Cyclically Adjusted PS Ratio of 1.34 as of Jul. 17, 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 Nishat Power and its competitors. This is 173% above median its historical median of 0.49. Over the past decade, Nishat Power's Cyclically Adjusted PS Ratio has ranged from 0.26 to 1.91. According to the industry distribution chart, Nishat Power ranks #115 out of 269 companies in the Utilities - Independent Power Producers industry, placing it in the top 42.8%.
Is Nishat Power's Cyclically Adjusted PS Ratio too high?
Nishat Power's current Cyclically Adjusted PS Ratio of 1.34 is 173% above median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 1.91. The Utilities - Independent Power Producers industry median Cyclically Adjusted PS Ratio is 1.66. Nishat Power's value of 1.34 is 19.3% below this industry median. Based on the distribution chart, Nishat Power ranks #115 out of 269 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Nishat Power has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nishat Power's Cyclically Adjusted PS Ratio compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Nishat Power ranks #115 out of 269 companies for Cyclically Adjusted PS Ratio. This puts Nishat Power in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.66. Nishat Power's value of 1.34 is 19.3% below this benchmark. Historically, Nishat Power's own Cyclically Adjusted PS Ratio has ranged from 0.26 to 1.91 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 1.66, Nishat Power 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 Utilities - Independent Power Producers company?
The median Cyclically Adjusted PS Ratio among Utilities - Independent Power Producers companies is 1.66, based on 269 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. Nishat Power's current Cyclically Adjusted PS Ratio of 1.34 is 19.3% 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 Nishat Power and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PS Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nishat Power's current Cyclically Adjusted PS Ratio is 1.34, which is 173% above median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nishat Power stock overvalued right now?
Based on GuruFocus' analysis, Nishat Power (KAR:NPL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨12.98, compared to a current price of ₨69.87 — trading 438.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.34, which is 173% above median its 10-year median of 0.49 and 19.3% below the Utilities - Independent Power Producers industry median of 1.66. Nishat Power's overall GF Score™ is 59/100 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 Nishat Power (KAR:NPL), the current Cyclically Adjusted PS Ratio is 1.34 as of Jul. 17, 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 Nishat Power (KAR:NPL) Overvalued in 2026?

Based on GuruFocus' analysis, Nishat Power stock appears to be overvalued. The current stock price of ₨69.87 is trading 438.3% above its estimated GF Value™ of ₨12.98. GuruFocus considers Nishat Power to be Significantly Overvalued.

Key valuation signals for KAR:NPL:

  • Cyclically Adjusted PS Ratio: 1.34 (173% above median its 10-year median of 0.49)
  • GF Value™: ₨12.98 vs. price of ₨69.87 (438.3% above fair value)
  • GF Score™: 59/100 with 7 warning signs
  • Industry Position: 19.3% below the Utilities - Independent Power Producers median (#115 of 269)

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


Nishat Power Business Description

Address 1-B, Aziz Avenue, Canal Bank, Gulberg-V, Lahore, PB, PAK
Nishat Power Ltd is a company whose principal activity is to build, own, operate and maintain a fuel-fired power plant based on Reciprocating Engine Technology having a gross capacity of 200MW in Jamber Kalan, Tehsil Pattoki, District Kasur, Punjab, Pakistan. It operates in single operating segment being: Revenue from sale of electricity relates to CPPA-G.
59GF Score

Get the complete analysis for KAR:NPL

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

₨69.87
Price
₨12.98
GF Value