CEZ AS (LTS:0NZF) Cyclically Adjusted PS Ratio: (As of Aug. 31, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

LTS:0NZF CEZ AS LTS:0NZF
76 GF Score
Price Kč498.40
GF Value Kč461.80
Valuation Fairly Valued
! 9 Warning Signs
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What is CEZ AS Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


CEZ AS  (LTS:0NZF) 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.


CEZ AS Cyclically Adjusted PS Ratio Related Terms


CEZ AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for CEZ AS'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.

CEZ AS Cyclically Adjusted PS Ratio Chart

CEZ AS 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 1.88 1.69 2.01 1.89 2.45

CEZ AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.36 2.44 2.45 2.22 0.00

LTS:0NZF vs NEE, SO, DUK: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Electric subindustry, CEZ AS'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.


CEZ AS Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CEZ AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LTS:0NZF
76GF Score
CEZ AS LTS:0NZF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CEZ AS 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.

CEZ AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, CEZ AS's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=137.501/333.9520*333.9520
=137.501

Current CPI (Jun. 2026) = 333.9520.

CEZ AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 84.293 241.428 116.597
201612 109.248 241.432 151.113
201703 97.785 243.801 133.943
201706 86.807 244.955 118.346
201709 84.916 246.819 114.893
201712 102.889 246.524 139.378
201803 85.160 249.554 113.961
201806 70.933 251.989 94.005
201809 84.856 252.439 112.256
201812 96.358 251.233 128.084
201903 95.489 254.202 125.446
201906 87.926 256.143 114.635
201909 111.047 256.759 144.433
201912 105.703 256.974 137.367
202003 104.719 258.115 135.487
202006 91.498 257.797 118.527
202009 90.552 260.280 116.183
202012 107.220 260.474 137.466
202103 108.753 264.877 137.114
202106 90.502 271.696 111.239
202109 86.738 274.310 105.597
202112 150.005 278.802 179.678
202203 132.252 287.504 153.618
202206 100.240 296.311 112.974
202209 148.722 296.808 167.334
202212 20.729 296.797 23.324
202303 173.031 301.836 191.442
202306 138.058 305.109 151.109
202309 141.606 307.789 153.643
202312 134.126 306.746 146.022
202403 161.607 312.332 172.794
202406 137.374 314.175 146.022
202409 149.071 315.301 157.889
202412 185.242 315.605 196.011
202503 172.965 319.799 180.620
202506 137.798 322.561 142.664
202509 134.991 324.800 138.795
202512 170.816 324.054 176.033
202603 156.749 330.213 158.524
202606 137.501 333.952 137.501

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.

Is CEZ AS (LTS:0NZF) Overvalued in 2026?

Based on GuruFocus' analysis, CEZ AS stock appears to be overvalued. The current stock price of Kč498.40 is trading 7.9% above its estimated GF Value™ of Kč461.80. GuruFocus considers CEZ AS to be Fairly Valued.

Key valuation signals for LTS:0NZF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: Kč461.80 vs. price of Kč498.40 (7.9% above fair value)
  • GF Score™: 76/100 with 9 warning signs

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


CEZ AS Business Description

Address Duhova 2/1444, Praha 4, Prague, CZE, 140 53
CEZ AS is a Czech energy company of which the government of the Czech Republic is the majority shareholder. The core business of the company is the generation, distribution, trade, and sale of electricity and heat, coal mining, trading in commodities and provision of complex energy services, distribution, trade, and sale of natural gas, and the provision of telecommunications services. Total energy production is mainly split between facilities utilizing thermal and nuclear inputs. CEZ segments comprise Generation; Distribution; Sales and Mining. The group operates mainly in Czechia and in Central and Western European markets.
76GF Score

Get the complete analysis for LTS:0NZF

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

Kč498.40
Price
Kč461.80
GF Value