NTT (MEX:NTT1N) Cyclically Adjusted PS Ratio: (As of Sep. 04, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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:NTT1N NTT Inc MEX:NTT1N
84 GF Score
Price MXN20.43
GF Value MXN20.21
! 7 Warning Signs
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What is NTT 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


NTT  (MEX:NTT1N) 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.


NTT Cyclically Adjusted PS Ratio Related Terms


NTT Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for NTT'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.

NTT Cyclically Adjusted PS Ratio Chart

NTT Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.18 1.22 1.30 0.97 1.01

NTT 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 1.02 1.02 1.02 1.01 0.92

MEX:NTT1N vs VZ, TMUS, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, NTT'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.


NTT Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, NTT's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MEX:NTT1N
84GF Score
NTT Inc MEX:NTT1N
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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NTT 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.

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

For example, NTT'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)
=4.822/113.6000*113.6000
=4.822

Current CPI (Jun. 2026) = 113.6000.

NTT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 5.236 98.000 6.069
201612 4.949 98.400 5.713
201703 4.989 98.100 5.777
201706 4.561 98.500 5.260
201709 4.707 98.800 5.412
201712 5.336 99.400 6.098
201803 5.256 99.200 6.019
201806 5.205 99.200 5.961
201809 5.032 99.900 5.722
201812 5.470 99.700 6.233
201903 5.616 99.700 6.399
201906 5.443 99.800 6.196
201909 5.873 100.100 6.665
201912 11.311 100.500 12.785
202003 7.277 100.300 8.242
202006 6.402 99.900 7.280
202009 6.633 99.900 7.543
202012 6.318 99.300 7.228
202103 6.658 99.900 7.571
202106 5.775 99.500 6.593
202109 6.186 100.100 7.020
202112 6.133 100.100 6.960
202203 6.130 101.100 6.888
202206 5.202 101.800 5.805
202209 5.122 103.100 5.644
202212 5.514 104.100 6.017
202303 5.610 104.400 6.104
202306 4.428 105.200 4.782
202309 4.495 106.200 4.808
202312 4.669 106.800 4.966
202403 4.819 107.200 5.107
202406 4.472 108.200 4.695
202409 5.490 108.900 5.727
202412 5.596 110.700 5.743
202503 6.000 111.100 6.135
202506 5.140 111.700 5.227
202509 5.265 112.000 5.340
202512 5.109 113.000 5.136
202603 5.511 112.700 5.555
202606 4.822 113.600 4.822

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 NTT (MEX:NTT1N) Overvalued in 2026?

Based on GuruFocus' analysis, NTT stock appears to be overvalued. The current stock price of MXN20.43 is trading 1.1% above its estimated GF Value™ of MXN20.21.

Key valuation signals for MEX:NTT1N:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: MXN20.21 vs. price of MXN20.43 (1.1% above fair value)
  • GF Score™: 84/100 with 7 warning signs

No single metric tells the full story. See the MEX:NTT1N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NTT Business Description

Address 5-1, Otemachi 1-Chome, Otemachi First Square, East Tower, Chiyoda-Ku, Tokyo, JPN, 100-8116
NTT owns NTT DoCoMo, the largest wireless operator in Japan, with 53 million mobile handset subscribers. It also owns NTT East and NTT West, the two regional incumbent fixed-line operators in Japan, with about 23.6 million broadband lines (around 72% of which are wholesaled). The firm also provides IT and communications systems integration via NTT Communications and NTT Data.
84GF Score

Get the complete analysis for MEX:NTT1N

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

MXN20.43
Price
MXN20.21
GF Value