NEC (NIPNF) Cyclically Adjusted PS Ratio: 1.68 (As of Jul. 18, 2026) — 273% Above Median

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NIPNF NEC Corp NIPNF
75 GF Score
Price $27.03
GF Value $17.69
Valuation Significantly Overvalued
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What is NEC Cyclically Adjusted PS Ratio?

NEC NIPNF 75 Cyclically Adjusted PS Ratio is 1.68 as of Jul. 18, 2026, which is 273% above its 10-year median of 0.45. GuruFocus rates NIPNF with a GF Score™ of 75/100 and a GF Value™ of $17.69 (Significantly Overvalued). Among 1,590 Software companies, NEC ranks worse than 50.38% on this metric.

As of today (2026-07-18), NEC's current share price is $27.025. NEC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $16.13. NEC's Cyclically Adjusted PS Ratio for today is 1.68.

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

NIPNF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.45   Max: 2.38
Current: 1.68

During the past years, NEC's highest Cyclically Adjusted PS Ratio was 2.38. The lowest was 0.19. And the median was 0.45.

NIPNF's Cyclically Adjusted PS Ratio is ranked worse than
50.38% of 1590 companies
in the Software industry
Industry Median: 1.665 vs NIPNF: 1.68

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.

NEC's adjusted revenue per share data for the three months ended in Mar. 2026 was $5.492. 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 $16.13 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NEC  (OTCPK:NIPNF) 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.


NEC Cyclically Adjusted PS Ratio Related Terms


NEC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for NEC'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.

NEC Cyclically Adjusted PS Ratio Chart

NEC 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 0.45 0.43 0.90 1.24 1.49

NEC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.24 1.66 1.86 2.06 1.49

NIPNF vs IBM, ACN, FISV: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, NEC'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.


NEC Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, NEC's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NIPNF
75GF Score
NEC Corp NIPNF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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NEC 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=27.025/16.13
=1.68

* 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.

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

For example, NEC's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=5.492/112.7000*112.7000
=5.492

Current CPI (Mar. 2026) = 112.7000.

NEC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.789 98.100 4.353
201609 5.160 98.000 5.934
201612 3.937 98.400 4.509
201703 5.934 98.100 6.817
201706 4.042 98.500 4.625
201709 4.902 98.800 5.592
201712 4.657 99.400 5.280
201803 6.340 99.200 7.203
201806 4.288 99.200 4.872
201809 4.969 99.900 5.606
201812 4.792 99.700 5.417
201903 6.089 99.700 6.883
201906 4.659 99.800 5.261
201909 5.695 100.100 6.412
201912 5.131 100.500 5.754
202003 6.580 100.300 7.393
202006 4.209 99.900 4.748
202009 5.117 99.900 5.773
202012 5.158 99.300 5.854
202103 6.421 99.900 7.244
202106 4.346 99.500 4.923
202109 4.871 100.100 5.484
202112 4.601 100.100 5.180
202203 5.681 101.100 6.333
202206 3.615 101.800 4.002
202209 4.084 103.100 4.464
202212 4.501 104.100 4.873
202303 5.852 104.400 6.317
202306 3.753 105.200 4.021
202309 4.277 106.200 4.539
202312 4.402 106.800 4.645
202403 5.431 107.200 5.710
202406 3.282 108.200 3.418
202409 4.182 108.900 4.328
202412 4.075 110.700 4.149
202503 5.547 111.100 5.627
202506 3.717 111.700 3.750
202509 4.334 112.000 4.361
202512 4.102 113.000 4.091
202603 5.492 112.700 5.492

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 1.68 mean?
NEC (NIPNF) has a Cyclically Adjusted PS Ratio of 1.68 as of Jul. 18, 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 NEC and its competitors. This is 273% above median its historical median of 0.45. Over the past decade, NEC's Cyclically Adjusted PS Ratio has ranged from 0.19 to 2.38. According to the industry distribution chart, NEC ranks #801 out of 1590 companies in the Software industry, placing it in the top 50.4%.
Is NEC's Cyclically Adjusted PS Ratio too high?
NEC's current Cyclically Adjusted PS Ratio of 1.68 is 273% above median its 10-year median of 0.45. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 2.38. The Software industry median Cyclically Adjusted PS Ratio is 1.67. NEC's value of 1.68 is 0.9% above this industry median. Based on the distribution chart, NEC ranks #801 out of 1590 companies in the Software industry, which is below the industry midpoint. Overall, NEC has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NEC's Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, NEC ranks #801 out of 1590 companies for Cyclically Adjusted PS Ratio. This places NEC in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.67. NEC's value of 1.68 is 0.9% above this benchmark. Historically, NEC's own Cyclically Adjusted PS Ratio has ranged from 0.19 to 2.38 over the past decade. While the company's 10-year median is 0.45 vs. the industry median of 1.67, NEC 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.67, based on 1,590 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. NEC's current Cyclically Adjusted PS Ratio of 1.68 is 0.9% 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 NEC and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NEC's current Cyclically Adjusted PS Ratio is 1.68, which is 273% above median its own 10-year median of 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEC stock overvalued right now?
Based on GuruFocus' analysis, NEC (NIPNF) is currently considered Significantly Overvalued. The stock's GF Value™ is $17.69, compared to a current price of $27.03 — trading 52.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.68, which is 273% above median its 10-year median of 0.45 and 0.9% above the Software industry median of 1.67. NEC's overall GF Score™ is 75/100. 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 NEC (NIPNF), the current Cyclically Adjusted PS Ratio is 1.68 as of Jul. 18, 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 NEC (NIPNF) Overvalued in 2026?

Based on GuruFocus' analysis, NEC stock appears to be overvalued. The current stock price of $27.03 is trading 52.8% above its estimated GF Value™ of $17.69. GuruFocus considers NEC to be Significantly Overvalued.

Key valuation signals for NIPNF:

  • Cyclically Adjusted PS Ratio: 1.68 (273% above median its 10-year median of 0.45)
  • GF Value™: $17.69 vs. price of $27.03 (52.8% above fair value)
  • GF Score™: 75/100
  • Industry Position: 0.9% above the Software median (#801 of 1590)

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


NEC Business Description

Address 7-1, Shiba 5-chome, Minato-ku, Tokyo, JPN, 108-8001
NEC Corp is engaged in IT services, networks, social infrastructure, and solutions. The company operates through three segments: IT Services, Social Infrastructure, and Others. The IT Services segment provides system integration, consulting, maintenance, outsourcing, cloud services, system equipment, and software services. The Social Infrastructure segment offers network infrastructure, including core networks, mobile base stations, optical transmission systems, and marine systems, along with telecom software, OSS/BSS solutions, aerospace and defense system integration, and maintenance. The Others segment covers the development, manufacturing, and sales of system equipment. It generates the majority of its revenue from the IT Services segment.
75GF Score

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

$27.03
Price
$17.69
GF Value