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Netflix (NFLX) Cyclically Adjusted PS Ratio : 20.10 (As of May. 29, 2025)


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What is Netflix Cyclically Adjusted PS Ratio?

As of today (2025-05-29), Netflix's current share price is $1187.28. Netflix's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $59.07. Netflix's Cyclically Adjusted PS Ratio for today is 20.10.

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

NFLX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.83   Med: 15.8   Max: 31.77
Current: 20.46

During the past years, Netflix's highest Cyclically Adjusted PS Ratio was 31.77. The lowest was 4.83. And the median was 15.80.

NFLX's Cyclically Adjusted PS Ratio is ranked worse than
98.65% of 666 companies
in the Media - Diversified industry
Industry Median: 0.95 vs NFLX: 20.46

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.

Netflix's adjusted revenue per share data for the three months ended in Mar. 2025 was $24.128. 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 $59.07 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Netflix Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Netflix'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.

* Premium members only.

Netflix Cyclically Adjusted PS Ratio Chart

Netflix Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.73 18.67 7.32 10.19 15.80

Netflix Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 12.05 12.86 13.02 15.80 15.79

Competitive Comparison of Netflix's Cyclically Adjusted PS Ratio

For the Entertainment subindustry, Netflix'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.


Netflix's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Netflix's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Netflix 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.

Netflix's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1187.28/59.07
=20.10

* 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.

Netflix's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Netflix's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=24.128/134.9266*134.9266
=24.128

Current CPI (Mar. 2025) = 134.9266.

Netflix Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 3.771 100.684 5.054
201509 3.972 100.392 5.338
201512 4.160 99.792 5.625
201603 4.470 100.470 6.003
201606 4.805 101.688 6.376
201609 5.224 101.861 6.920
201612 5.630 101.863 7.457
201703 5.919 102.862 7.764
201706 6.242 103.349 8.149
201709 6.672 104.136 8.645
201712 7.332 104.011 9.511
201803 8.218 105.290 10.531
201806 8.653 106.317 10.982
201809 8.850 106.507 11.212
201812 9.281 105.998 11.814
201903 10.004 107.251 12.586
201906 10.887 108.070 13.593
201909 11.615 108.329 14.467
201912 12.113 108.420 15.074
202003 12.746 108.902 15.792
202006 13.544 108.767 16.801
202009 14.142 109.815 17.376
202012 14.594 109.897 17.918
202103 15.721 111.754 18.981
202106 16.131 114.631 18.987
202109 16.450 115.734 19.178
202112 16.914 117.630 19.401
202203 17.369 121.301 19.320
202206 17.705 125.017 19.108
202209 17.599 125.227 18.962
202212 17.385 125.222 18.732
202303 18.040 127.348 19.114
202306 18.131 128.729 19.004
202309 18.981 129.860 19.722
202312 19.892 129.419 20.738
202403 21.217 131.776 21.724
202406 21.739 132.554 22.128
202409 22.436 133.029 22.756
202412 23.406 133.157 23.717
202503 24.128 134.927 24.128

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.


Netflix  (NAS:NFLX) 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.


Netflix Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Netflix's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Netflix Business Description

Address
121 Albright Way, Los Gatos, CA, USA, 95032
Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 300 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided a regular slate of live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm introduced ad-supported subscription plans in 2022, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
Executives
Reed Hastings director, 10 percent owner, officer: CEO, other: CEO 121 ALBRIGHT WAY, LOS GATOS CA 95032
Spencer Adam Neumann officer: Chief Financial Officer SIERRA INCOME CORPORATION, 375 PARK AVE., SUITE 3304, NEW YORK NY 10152
Jeffrey William Karbowski officer: Chief Accounting Officer 121 ALBRIGHT WAY, LOS GATOS CA 95032
Gregory K Peters officer: Intl. Development Officer C/O NETFLIX, INC., 121 ALBRIGHT WAY, LOS GATOS CA 95032
Strive Masiyiwa director 265 FRANKLIN STREET, BOSTON MA 02110
David A Hyman officer: General Counsel C/O NETFLIX, INC., 121 ALBRIGHT WAY, LOS GATOS CA 95032
Ann Mather director
Theodore A Sarandos officer: Chief Content Officer C/O NETFLIX, INC, 121 ALBRIGHT WAY, LOS GATOS CA 95032
Jay C Hoag director 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Richard N Barton director C/O IAC, 152 WEST 57TH STREET, NEW YORK NY 10019
Anne M Sweeney director C/O 121 ALBRIGHT WAY, LOS GATOS CA 95032
Leslie J Kilgore director 121 ALBRIGHT WAY, LOS GATOS CA 95032
Timothy M Haley director 3000 SAND HILL ROAD, 2-290, MENLO PARK CA 94025
Kenneth A Barker officer: Chief Accounting Officer C/O ELECTRONIC ARTS INC., 209 REDWOOD SHORES PARKWAY, REDWOOD CITY CA 94065
Dicus Marian Lee officer: Chief Marketing Officer 526 WEST 111TH STREET, APARTMENT 3C, NEW YORK NY 10025