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.
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.
NextEnergy Solar FundLSE:NESF -1.94%37 Cyclically Adjusted PS Ratio is 7.21 as of Jul. 18, 2026, which is 14% below its 10-year median of 8.36. GuruFocus rates LSE:NESF with a GF Score™ of 37/100 and a GF Value™ of £0.01 (Significantly Overvalued). Among 902 Asset Management companies, NextEnergy Solar Fund ranks better than 55.99% on this metric.
The historical rank and industry rank for NextEnergy Solar Fund's Cyclically Adjusted PS Ratio or its related term are showing as below:
LSE:NESF'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.58 Med: 8.36 Max: 10.41
Current: 6.64
During the past 12 years, NextEnergy Solar Fund's highest Cyclically Adjusted PS Ratio was 10.41. The lowest was 5.58. And the median was 8.36.
LSE:NESF's Cyclically Adjusted PS Ratio is ranked better than 55.99% of 902
companies
in the Asset Management industry
Industry Median: 7.68
vs LSE:NESF: 6.64
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.
NextEnergy Solar Fund's adjusted revenue per share data of for the fiscal year that ended in Mar26 was £-0.062. 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 £0.07 for the trailing ten years ended in Mar26.
Shiller PE for Stocks: The True Measure of Stock Valuation
NextEnergy Solar Fund (LSE:NESF) 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.
NextEnergy Solar Fund Cyclically Adjusted PS Ratio Related Terms
NextEnergy Solar Fund Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for NextEnergy Solar Fund'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.
NextEnergy Solar Fund Cyclically Adjusted PS Ratio Chart
LSE:NESF vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison
For the Asset Management subindustry, NextEnergy Solar Fund'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.
NextEnergy Solar Fund Cyclically Adjusted PS Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, NextEnergy Solar Fund's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where NextEnergy Solar Fund's Cyclically Adjusted PS Ratio falls into.
NextEnergy Solar Fund 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.
* 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.
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 7.21 mean?
NextEnergy Solar Fund (LSE:NESF) has a Cyclically Adjusted PS Ratio of 7.21 as of Jul. 18, 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 NextEnergy Solar Fund and its competitors. This is 14% below median its historical median of 8.36. Over the past decade, NextEnergy Solar Fund's Cyclically Adjusted PS Ratio has ranged from 5.58 to 10.41. According to the industry distribution chart, NextEnergy Solar Fund ranks #397 out of 902 companies in the Asset Management industry, placing it in the top 44%.
Is NextEnergy Solar Fund's Cyclically Adjusted PS Ratio too high?
NextEnergy Solar Fund's current Cyclically Adjusted PS Ratio of 7.21 is 14% below median its 10-year median of 8.36. Over the past 10 years, this metric has ranged from a low of 5.58 to a high of 10.41. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.68. NextEnergy Solar Fund's value of 7.21 is 6.1% below this industry median. Based on the distribution chart, NextEnergy Solar Fund ranks #397 out of 902 companies in the Asset Management industry, which is above the industry midpoint. Overall, NextEnergy Solar Fund has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NextEnergy Solar Fund's Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, NextEnergy Solar Fund ranks #397 out of 902 companies for Cyclically Adjusted PS Ratio. This puts NextEnergy Solar Fund in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.68. NextEnergy Solar Fund's value of 7.21 is 6.1% below this benchmark. Historically, NextEnergy Solar Fund's own Cyclically Adjusted PS Ratio has ranged from 5.58 to 10.41 over the past decade. While the company's 10-year median is 8.36 vs. the industry median of 7.68, NextEnergy Solar Fund 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 Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.68, based on 902 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. NextEnergy Solar Fund's current Cyclically Adjusted PS Ratio of 7.21 is 6.1% 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 NextEnergy Solar Fund and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NextEnergy Solar Fund's current Cyclically Adjusted PS Ratio is 7.21, which is 14% below median its own 10-year median of 8.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NextEnergy Solar Fund stock overvalued right now?
Based on GuruFocus' analysis, NextEnergy Solar Fund (LSE:NESF) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.01, compared to a current price of £0.51 — trading 4950% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.21, which is 14% below median its 10-year median of 8.36 and 6.1% below the Asset Management industry median of 7.68. NextEnergy Solar Fund's overall GF Score™ is 37/100. 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 NextEnergy Solar Fund (LSE:NESF), the current Cyclically Adjusted PS Ratio is 7.21 as of Jul. 18, 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 NextEnergy Solar Fund (LSE:NESF) Overvalued in 2026?
Based on GuruFocus' analysis, NextEnergy Solar Fund stock appears to be overvalued.
The current stock price of £0.51 is trading 4950% above its estimated GF Value™ of £0.01.
GuruFocus considers NextEnergy Solar Fund to be Significantly Overvalued.
Key valuation signals for LSE:NESF:
Cyclically Adjusted PS Ratio: 7.21 (14% below median its 10-year median of 8.36)
GF Value™: £0.01 vs. price of £0.51 (4950% above fair value)
Industry Position: 6.1% below the Asset Management median (#397 of 902)
No single metric tells the full story. See the LSE:NESF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NextEnergy Solar Fund Ltd is a closed-ended investment company. The company seeks to provide investors with a sustainable and attractive dividend that increases in line with RPI over the long term. It invests in solar photovoltaic plants or debt financing through its subsidiaries and generates revenues from the sale of electricity.
37GF Score
Get the complete analysis for LSE:NESF
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:NESF has been successfully added to your 
