Express Kenya (NAI:XPRS) Cyclically Adjusted PS Ratio: 7.85 (As of Aug. 04, 2026) — 427% Above Median

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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
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.

NAI:XPRS Express Kenya PLC NAI:XPRS
46 GF Score
Price KES7.22
GF Value KES2.54
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Express Kenya Cyclically Adjusted PS Ratio?

Express Kenya NAI:XPRS +1.98% 46 Cyclically Adjusted PS Ratio is 7.85 as of Aug. 04, 2026, which is 427% above its 10-year median of 1.49. GuruFocus rates NAI:XPRS with a GF Score™ of 46/100 and a GF Value™ of KES2.54 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 718 Business Services companies, Express Kenya ranks worse than 94.99% on this metric.

As of today (2026-08-04), Express Kenya's current share price is KES7.22. Express Kenya's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was KES0.92. Express Kenya's Cyclically Adjusted PS Ratio for today is 7.85.

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

NAI:XPRS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.49   Max: 9.09
Current: 7.58

During the past 13 years, Express Kenya's highest Cyclically Adjusted PS Ratio was 9.09. The lowest was 0.68. And the median was 1.49.

NAI:XPRS's Cyclically Adjusted PS Ratio is ranked worse than
94.99% of 718 companies
in the Business Services industry
Industry Median: 0.91 vs NAI:XPRS: 7.58

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.

Express Kenya's adjusted revenue per share data of for the fiscal year that ended in Dec25 was KES0.446. 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 KES0.92 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Express Kenya  (NAI:XPRS) 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.


Express Kenya Cyclically Adjusted PS Ratio Related Terms


Express Kenya Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Express Kenya'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.

Express Kenya Cyclically Adjusted PS Ratio Chart

Express Kenya 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 1.11 1.50 1.98 2.73 8.04

Express Kenya Semi-Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.11 1.50 1.98 2.73 8.04

NAI:XPRS vs CTAS, CPRT, GPN: Cyclically Adjusted PS Ratio Comparison

For the Specialty Business Services subindustry, Express Kenya'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.


Express Kenya Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Express Kenya's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NAI:XPRS
46GF Score
Express Kenya PLC NAI:XPRS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Express Kenya 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.

Express Kenya's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7.22/0.92
=7.85

* 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.

Express Kenya's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Express Kenya's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.446/324.0540*324.0540
=0.446

Current CPI (Dec25) = 324.0540.

Express Kenya Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 1.774 241.432 2.381
201712 1.421 246.524 1.868
201812 0.745 251.233 0.961
201912 0.490 256.974 0.618
202012 0.329 260.474 0.409
202112 0.551 278.802 0.640
202212 0.647 296.797 0.706
202312 0.576 306.746 0.609
202412 0.553 315.605 0.568
202512 0.446 324.054 0.446

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 7.85 mean?
Express Kenya (NAI:XPRS) has a Cyclically Adjusted PS Ratio of 7.85 as of Aug. 04, 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 Express Kenya and its competitors. This is 427% above median its historical median of 1.49. Over the past decade, Express Kenya's Cyclically Adjusted PS Ratio has ranged from 0.68 to 9.09. According to the industry distribution chart, Express Kenya ranks #682 out of 718 companies in the Business Services industry, placing it in the top 95%.
Is Express Kenya's Cyclically Adjusted PS Ratio too high?
Express Kenya's current Cyclically Adjusted PS Ratio of 7.85 is 427% above median its 10-year median of 1.49. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 9.09. The Business Services industry median Cyclically Adjusted PS Ratio is 0.91. Express Kenya's value of 7.85 is 762.6% above this industry median. Based on the distribution chart, Express Kenya ranks #682 out of 718 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Express Kenya has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Express Kenya's Cyclically Adjusted PS Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Express Kenya ranks #682 out of 718 companies for Cyclically Adjusted PS Ratio. This places Express Kenya in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. Express Kenya's value of 7.85 is 762.6% above this benchmark. Historically, Express Kenya's own Cyclically Adjusted PS Ratio has ranged from 0.68 to 9.09 over the past decade. While the company's 10-year median is 1.49 vs. the industry median of 0.91, Express Kenya 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 a Business Services company?
The median Cyclically Adjusted PS Ratio among Business Services companies is 0.91, based on 718 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. Express Kenya's current Cyclically Adjusted PS Ratio of 7.85 is 762.6% 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 Express Kenya and its competitors. For the Business Services industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Express Kenya's current Cyclically Adjusted PS Ratio is 7.85, which is 427% above median its own 10-year median of 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Express Kenya stock overvalued right now?
Based on GuruFocus' analysis, Express Kenya (NAI:XPRS) is currently considered Significantly Overvalued. The stock's GF Value™ is KES2.54, compared to a current price of KES7.22 — trading 184.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.85, which is 427% above median its 10-year median of 1.49 and 762.6% above the Business Services industry median of 0.91. Express Kenya's overall GF Score™ is 46/100 with 9 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 Express Kenya (NAI:XPRS), the current Cyclically Adjusted PS Ratio is 7.85 as of Aug. 04, 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 Express Kenya (NAI:XPRS) Overvalued in 2026?

Based on GuruFocus' analysis, Express Kenya stock appears to be overvalued. The current stock price of KES7.22 is trading 184.3% above its estimated GF Value™ of KES2.54. GuruFocus considers Express Kenya to be Significantly Overvalued.

Key valuation signals for NAI:XPRS:

  • Cyclically Adjusted PS Ratio: 7.85 (427% above median its 10-year median of 1.49)
  • GF Value™: KES2.54 vs. price of KES7.22 (184.3% above fair value)
  • GF Score™: 46/100 with 9 warning signs
  • Industry Position: 762.6% above the Business Services median (#682 of 718)

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


Express Kenya Business Description

Address Road A, Off Enterprise Road, Industrial Area, P.O. Box 40433, Express House, Nairobi, KEN, 00100
Express Kenya PLC engages in the provision of clearing and forwarding services for both air and sea, as well as warehousing and logistics services. It operates through the following segments: Warehousing, and Real Estate. The Warehousing segment which accounts for the majority of revenue comprises the storage of customers' goods in the warehousing facility. The Real Estate segment consists of the development of properties. Geographically, the company operates only in Kenya.
46GF Score

Get the complete analysis for NAI:XPRS

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

KES7.22
Price
KES2.54
GF Value