NBIS (Nebius Group NV) Cyclically Adjusted PS Ratio: (As of Sep. 20, 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.
Reviewed by: Charlie Tian Charlie Tian
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.

NBIS Nebius Group NV NBIS
51 GF Score
Price $223.54
! 5 Warning Signs
View Full Analysis

What is Nebius Group NV Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nebius Group NV  (NAS:NBIS) 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.


Nebius Group NV Cyclically Adjusted PS Ratio Related Terms


Nebius Group NV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nebius Group NV'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.

Nebius Group NV Cyclically Adjusted PS Ratio Chart

Nebius Group NV 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 10.15 2.34 2.42 3.58 10.77

Nebius Group NV 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 6.75 13.56 10.18 12.44 32.53

NBIS vs BIDU, RDDT, TME: Cyclically Adjusted PS Ratio Comparison

For the Internet Content & Information subindustry, Nebius Group NV'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.


Nebius Group NV Cyclically Adjusted PS Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Nebius Group NV's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NBIS
51GF Score
Nebius Group NV NBIS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nebius Group NV 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.

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

For example, Nebius Group NV'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)
=2.077/137.7000*137.7000
=2.077

Current CPI (Jun. 2026) = 137.7000.

Nebius Group NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.914 100.570 1.251
201612 1.073 100.710 1.467
201703 1.071 101.440 1.454
201706 1.171 101.370 1.591
201709 1.201 102.030 1.621
201712 1.434 101.970 1.936
201803 1.393 102.470 1.872
201806 1.423 103.100 1.901
201809 1.487 103.950 1.970
201812 1.798 103.970 2.381
201903 1.700 105.370 2.222
201906 1.914 105.840 2.490
201909 2.076 106.700 2.679
201912 2.414 106.800 3.112
202003 2.078 106.850 2.678
202006 1.740 107.510 2.229
202009 2.185 107.880 2.789
202012 2.569 107.850 3.280
202103 2.765 108.870 3.497
202106 3.076 109.670 3.862
202109 3.418 110.790 4.248
202112 4.175 114.010 5.043
202203 3.252 119.460 3.749
202206 4.635 119.050 5.361
202209 5.953 126.890 6.460
202212 7.007 124.940 7.723
202303 0.014 124.720 0.015
202306 0.013 125.830 0.014
202309 0.014 127.160 0.015
202312 0.019 126.450 0.021
202403 0.032 128.580 0.034
202406 0.049 129.910 0.052
202409 0.161 131.610 0.168
202412 0.149 131.630 0.156
202503 0.214 133.330 0.221
202506 0.440 133.960 0.452
202509 0.580 135.920 0.588
202512 0.900 135.470 0.915
202603 1.291 136.840 1.299
202606 2.077 137.700 2.077

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.


Nebius Group NV Business Description

Other Exchanges NBISN:MexicoYDX:Germany
Address Schiphol Boulevard 165, Schiphol P7, Amsterdam, NLD, 1118 BG
Nebius is a vertically integrated cloud provider focusing on AI and high-performance computing. It is a carve-out of the previous Russian tech firm Yandex, following the Russian sanctions since the Ukraine-Russia war. Nebius designs and operates its own data centers and servers across Europe and the US, with a total capacity of several hundred megawatts. In September 2025, Microsoft became a major Nebius client under a multiyear $17 billion revenue agreement to provide computing capacity.
51GF Score

Get the complete analysis for NBIS

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

$223.54
Price