Nutrien (LTS:0NHS) Cyclically Adjusted PS Ratio: 1.51 (As of Jul. 27, 2026) — 35% Below Median

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LTS:0NHS Nutrien Ltd LTS:0NHS
69 GF Score
Price $68.12
GF Value $54.58
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Nutrien Cyclically Adjusted PS Ratio?

Nutrien LTS:0NHS -0.45% 69 Cyclically Adjusted PS Ratio is 1.51 as of Jul. 27, 2026, which is 35% below its 10-year median of 2.33. GuruFocus rates LTS:0NHS with a GF Score™ of 69/100 and a GF Value™ of $54.58 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 198 Agriculture companies, Nutrien ranks worse than 65.66% on this metric.

As of today (2026-07-27), Nutrien's current share price is $68.12. Nutrien's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $45.16. Nutrien's Cyclically Adjusted PS Ratio for today is 1.51.

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

LTS:0NHS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.16   Med: 2.33   Max: 3.84
Current: 1.52

During the past years, Nutrien's highest Cyclically Adjusted PS Ratio was 3.84. The lowest was 1.16. And the median was 2.33.

LTS:0NHS's Cyclically Adjusted PS Ratio is ranked worse than
65.66% of 198 companies
in the Agriculture industry
Industry Median: 0.925 vs LTS:0NHS: 1.52

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.

Nutrien's adjusted revenue per share data for the three months ended in Mar. 2026 was $12.553. 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 $45.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nutrien  (LTS:0NHS) 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.


Nutrien Cyclically Adjusted PS Ratio Related Terms


Nutrien Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nutrien'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.

Nutrien Cyclically Adjusted PS Ratio Chart

Nutrien Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.70 2.26 1.48 1.16 1.38

Nutrien 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 1.25 1.34 1.35 1.38 1.66

LTS:0NHS vs CTVA, CF, MOS: Cyclically Adjusted PS Ratio Comparison

For the Agricultural Inputs subindustry, Nutrien'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.


Nutrien Cyclically Adjusted PS Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Nutrien's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LTS:0NHS
69GF Score
Nutrien Ltd LTS:0NHS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nutrien 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=68.12/45.16
=1.51

* 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.

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

For example, Nutrien'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)
=12.553/132.2623*132.2623
=12.553

Current CPI (Mar. 2026) = 132.2623.

Nutrien Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.135 102.002 4.065
201609 3.381 101.765 4.394
201612 3.150 101.449 4.107
201703 3.309 102.634 4.264
201706 3.333 103.029 4.279
201709 3.671 103.345 4.698
201712 3.215 103.345 4.115
201803 5.699 105.004 7.178
201806 12.843 105.557 16.092
201809 6.488 105.636 8.123
201812 6.332 105.399 7.946
201903 6.168 106.979 7.626
201906 14.927 107.690 18.333
201909 7.267 107.611 8.932
201912 6.109 107.769 7.497
202003 7.350 107.927 9.007
202006 14.813 108.401 18.074
202009 7.427 108.164 9.082
202012 7.118 108.559 8.672
202103 8.159 110.298 9.784
202106 17.069 111.720 20.208
202109 10.527 112.905 12.332
202112 12.750 113.774 14.822
202203 13.805 117.646 15.520
202206 26.295 120.806 28.789
202209 15.271 120.648 16.741
202212 14.551 120.964 15.910
202303 12.160 122.702 13.107
202306 23.499 124.203 25.024
202309 11.374 125.230 12.013
202312 11.446 125.072 12.104
202403 10.891 126.258 11.409
202406 20.521 127.522 21.284
202409 10.807 127.285 11.230
202412 10.304 127.364 10.700
202503 10.418 129.181 10.667
202506 21.407 129.892 21.798
202509 12.366 130.287 12.553
202512 11.051 130.366 11.212
202603 12.553 132.262 12.553

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 1.51 mean?
Nutrien (LTS:0NHS) has a Cyclically Adjusted PS Ratio of 1.51 as of Jul. 27, 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 Nutrien and its competitors. This is 35% below median its historical median of 2.33. Over the past decade, Nutrien's Cyclically Adjusted PS Ratio has ranged from 1.16 to 3.84. According to the industry distribution chart, Nutrien ranks #130 out of 198 companies in the Agriculture industry, placing it in the top 65.7%.
Is Nutrien's Cyclically Adjusted PS Ratio too high?
Nutrien's current Cyclically Adjusted PS Ratio of 1.51 is 35% below median its 10-year median of 2.33. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 3.84. The Agriculture industry median Cyclically Adjusted PS Ratio is 0.93. Nutrien's value of 1.51 is 63.2% above this industry median. Based on the distribution chart, Nutrien ranks #130 out of 198 companies in the Agriculture industry, which is below the industry midpoint. Overall, Nutrien has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nutrien's Cyclically Adjusted PS Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, Nutrien ranks #130 out of 198 companies for Cyclically Adjusted PS Ratio. This places Nutrien in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.93. Nutrien's value of 1.51 is 63.2% above this benchmark. Historically, Nutrien's own Cyclically Adjusted PS Ratio has ranged from 1.16 to 3.84 over the past decade. While the company's 10-year median is 2.33 vs. the industry median of 0.93, Nutrien 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 an Agriculture company?
The median Cyclically Adjusted PS Ratio among Agriculture companies is 0.93, based on 198 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. Nutrien's current Cyclically Adjusted PS Ratio of 1.51 is 63.2% 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 Nutrien and its competitors. For the Agriculture industry, the median Cyclically Adjusted PS Ratio is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nutrien's current Cyclically Adjusted PS Ratio is 1.51, which is 35% below median its own 10-year median of 2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nutrien stock overvalued right now?
Based on GuruFocus' analysis, Nutrien (LTS:0NHS) is currently considered Modestly Overvalued. The stock's GF Value™ is $54.58, compared to a current price of $68.12 — trading 24.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.51, which is 35% below median its 10-year median of 2.33 and 63.2% above the Agriculture industry median of 0.93. Nutrien's overall GF Score™ is 69/100 with 2 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 Nutrien (LTS:0NHS), the current Cyclically Adjusted PS Ratio is 1.51 as of Jul. 27, 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 Nutrien (LTS:0NHS) Overvalued in 2026?

Based on GuruFocus' analysis, Nutrien stock appears to be overvalued. The current stock price of $68.12 is trading 24.8% above its estimated GF Value™ of $54.58. GuruFocus considers Nutrien to be Modestly Overvalued.

Key valuation signals for LTS:0NHS:

  • Cyclically Adjusted PS Ratio: 1.51 (35% below median its 10-year median of 2.33)
  • GF Value™: $54.58 vs. price of $68.12 (24.8% above fair value)
  • GF Score™: 69/100 with 2 warning signs
  • Industry Position: 63.2% above the Agriculture median (#130 of 198)

No single metric tells the full story. See the LTS:0NHS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nutrien Business Description

Address 211 19th Street East, Suite 1700, Saskatoon, SK, CAN, S7K 5R6
Created in 2018 as a result of the merger between PotashCorp and Agrium, Nutrien is the world's largest fertilizer producer by capacity. Nutrien produces the three main crop nutrients—nitrogen, potash, and phosphate—although its main focus is potash, where it is the global leader in installed capacity with a roughly 20% market share. The company is also the largest agricultural retailer in North America and Australia, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.
69GF Score

Get the complete analysis for LTS:0NHS

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

$68.12
Price
$54.58
GF Value