Naturgy Energy Group (MIL:1NTGY) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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MIL:1NTGY Naturgy Energy Group SA MIL:1NTGY
39 GF Score
Price €29.42
GF Value €20.80
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Naturgy Energy Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Naturgy Energy Group  (MIL:1NTGY) 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.


Naturgy Energy Group Cyclically Adjusted PS Ratio Related Terms


Naturgy Energy Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Naturgy Energy Group'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.

Naturgy Energy Group Cyclically Adjusted PS Ratio Chart

Naturgy Energy Group 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 - - - 0.81 0.98

Naturgy Energy Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 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 0.97 0.96 0.98 0.97 1.02

MIL:1NTGY vs ATO, NI, UGI: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Gas subindustry, Naturgy Energy Group'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.


Naturgy Energy Group Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

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

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


MIL:1NTGY
39GF Score
Naturgy Energy Group SA MIL:1NTGY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Naturgy Energy Group 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.

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

For example, Naturgy Energy Group'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)
=5.391/131.3300*131.3300
=5.391

Current CPI (Jun. 2026) = 131.3300.

Naturgy Energy Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201306 5.878 100.994 7.644
201309 5.738 100.597 7.491
201312 6.045 101.306 7.837
201403 6.278 100.139 8.233
201409 6.065 100.441 7.930
201503 7.275 99.474 9.605
201509 6.353 99.559 8.380
201512 5.969 100.268 7.818
201603 5.948 98.638 7.919
201606 5.451 100.333 7.135
201609 5.333 99.737 7.022
201612 6.438 101.842 8.302
201703 6.086 100.896 7.922
201706 5.476 101.848 7.061
201709 5.510 101.524 7.128
201712 6.120 102.975 7.805
201803 6.382 102.122 8.207
201806 5.766 104.165 7.270
201809 5.490 103.818 6.945
201812 6.759 104.193 8.519
201903 6.435 103.488 8.166
201906 5.362 104.612 6.731
201909 5.537 103.905 6.998
201912 3.823 105.015 4.781
202003 4.628 103.469 5.874
202006 3.422 104.254 4.311
202009 3.741 103.521 4.746
202012 2.654 104.456 3.337
202103 4.876 104.857 6.107
202106 4.625 107.102 5.671
202109 5.649 107.669 6.890
202112 7.891 111.298 9.311
202203 8.473 115.153 9.663
202206 8.946 118.044 9.953
202503 5.704 125.531 5.968
202506 4.681 127.251 4.831
202509 5.299 126.840 5.487
202512 5.256 128.400 5.376
202603 5.506 129.860 5.568
202606 5.391 131.330 5.391

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 Naturgy Energy Group (MIL:1NTGY) Overvalued in 2026?

Based on GuruFocus' analysis, Naturgy Energy Group stock appears to be overvalued. The current stock price of €29.42 is trading 41.4% above its estimated GF Value™ of €20.80. GuruFocus considers Naturgy Energy Group to be Significantly Overvalued.

Key valuation signals for MIL:1NTGY:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €20.80 vs. price of €29.42 (41.4% above fair value)
  • GF Score™: 39/100 with 7 warning signs

No single metric tells the full story. See the MIL:1NTGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Naturgy Energy Group Business Description

Address Avenida de America 38, Madrid, ESP
Naturgy stems from the 2008 acquisition of Union Fenosa. The company operates across the gas value chain, from procurement to distribution and marketing. It owns and operates the largest gas distribution network in Spain, where it is also the leading retail gas supplier. The company additionally operates gas and electricity distribution networks across several Latin American countries. It owns 17.9 GW of generation capacity, including 7.3 GW of wind and solar.
39GF Score

Get the complete analysis for MIL:1NTGY

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

€29.42
Price
€20.80
GF Value