Neste OYJ (MEX:NESTEN) Cyclically Adjusted PS Ratio: (As of Aug. 08, 2026)

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.
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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.

MEX:NESTEN Neste OYJ MEX:NESTEN
80 GF Score
Price MXN593.47
GF Value MXN399.65
! 6 Warning Signs
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What is Neste OYJ 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


Neste OYJ  (MEX:NESTEN) 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.


Neste OYJ Cyclically Adjusted PS Ratio Related Terms


Neste OYJ Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Neste OYJ'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.

Neste OYJ Cyclically Adjusted PS Ratio Chart

Neste OYJ 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 2.19 1.93 1.38 0.51 0.79

Neste OYJ 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 0.47 0.64 0.79 1.10 1.11

MEX:NESTEN vs MPC, VLO, PSX: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Neste OYJ'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.


Neste OYJ Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Neste OYJ's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MEX:NESTEN
80GF Score
Neste OYJ MEX:NESTEN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Neste OYJ 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.

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

For example, Neste OYJ'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)
=156.629/125.0800*125.0800
=156.629

Current CPI (Jun. 2026) = 125.0800.

Neste OYJ Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 85.834 100.540 106.785
201612 95.893 101.020 118.732
201703 80.610 100.910 99.918
201706 87.037 101.140 107.639
201709 91.025 101.320 112.371
201712 109.085 101.510 134.414
201803 105.937 101.730 130.253
201806 112.047 102.320 136.971
201809 111.012 102.600 135.335
201812 106.554 102.710 129.761
201903 107.634 102.870 130.873
201906 113.815 103.360 137.732
201909 112.921 103.540 136.413
201912 110.186 103.650 132.967
202003 110.359 103.490 133.382
202006 87.747 103.320 106.227
202009 97.496 103.710 117.586
202012 95.086 103.890 114.480
202103 99.285 104.870 118.419
202106 93.735 105.360 111.279
202109 126.813 106.290 149.231
202112 149.321 107.490 173.756
202203 157.670 110.950 177.750
202206 194.602 113.570 214.324
202209 170.718 114.920 185.811
202212 176.469 117.320 188.141
202303 133.138 119.750 139.064
202306 130.979 120.690 135.743
202309 144.474 121.280 149.001
202312 151.674 121.540 156.092
202403 112.717 122.360 115.223
202406 120.810 122.230 123.627
202409 160.312 122.260 164.010
202412 162.158 122.390 165.722
202503 144.467 123.010 146.898
202506 136.067 122.530 138.899
202509 128.961 122.880 131.270
202512 137.406 122.670 140.106
202603 140.098 124.670 140.559
202606 156.629 125.080 156.629

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 Neste OYJ (MEX:NESTEN) Overvalued in 2026?

Based on GuruFocus' analysis, Neste OYJ stock appears to be overvalued. The current stock price of MXN593.47 is trading 48.5% above its estimated GF Value™ of MXN399.65.

Key valuation signals for MEX:NESTEN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN399.65 vs. price of MXN593.47 (48.5% above fair value)
  • GF Score™: 80/100 with 6 warning signs

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


Neste OYJ Business Description

Industry EnergyOil & Gas
Address Keilaranta 21, Espoo, FIN, 02150
Neste OYJ is a producer of renewable diesel and sustainable aviation fuel (SAF), with production on three continents. The group also produces oil products and has a network of several fuel stations with expanding service offerings, such as EV charging, in Finland and in the Baltics. Neste has three reporting segments: Renewable Products, Oil Products, and Marketing and Services. Maximum revenue is generated from its Oil Products segment, which offers oil products and related services for the road transportation, heavy machinery, agriculture, aviation, and marine sectors, as well as products for the oil and petrochemical industries. Geographically, the group generates maximum revenue from other European countries (excluding Finland), followed by Finland, the USA, and other markets.
80GF Score

Get the complete analysis for MEX:NESTEN

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

MXN593.47
Price
MXN399.65
GF Value