NNGPF (NN Group NV) Cyclically Adjusted PS Ratio: (As of Sep. 22, 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.

NNGPF NN Group NV NNGPF
53 GF Score
Price $92.16
GF Value $57.87
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is NN Group NV Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


NN Group NV  (OTCPK:NNGPF) 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.


NN Group NV Cyclically Adjusted PS Ratio Related Terms


NN Group NV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for NN 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.

NN Group NV Cyclically Adjusted PS Ratio Chart

NN 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 0.84 0.63 0.58 0.61 1.02

NN Group NV Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.73 0.65 0.96 1.02 1.14

NNGPF vs BRK.A, AIG, HIG: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Diversified subindustry, NN 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.


NN Group NV Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, NN Group NV's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NNGPF
53GF Score
NN Group NV NNGPF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NN 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.

NN Group NV's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, NN Group NV'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)
=79.83/135.4700*135.4700
=79.830

Current CPI (Dec25) = 135.4700.

NN Group NV Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 46.792 100.710 62.942
201712 60.418 101.970 80.267
201812 66.727 103.970 86.943
201912 66.174 106.800 83.938
202012 65.025 107.850 81.678
202112 72.214 114.010 85.807
202212 24.076 124.940 26.105
202312 75.273 126.450 80.642
202412 80.341 131.630 82.685
202512 79.830 135.470 79.830

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 NN Group NV (NNGPF) Overvalued in 2026?

Based on GuruFocus' analysis, NN Group NV stock appears to be overvalued. The current stock price of $92.16 is trading 59.3% above its estimated GF Value™ of $57.87. GuruFocus considers NN Group NV to be Significantly Overvalued.

Key valuation signals for NNGPF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $57.87 vs. price of $92.16 (59.3% above fair value)
  • GF Score™: 53/100 with 6 warning signs

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


NN Group NV Business Description

Address Schenkkade 65, The Hague, ZH, NLD, 2595 AS
NN Group is a European insurance company that primarily sells long-term savings in the Netherlands. The business is made up of four divisions: Netherlands life, Netherlands nonlife, insurance Europe, and Japan life. The Netherlands life business is the biggest division and tends to generate around three-quarters of operating income. That business sells traditional spread-based long-term savings and more modern defined-contribution savings. Since 2022, assets that are managed to support the traditional savings products and in-house part of defined-contribution products are managed by Goldman Sachs Asset Management. Since around 2013, NN has closed its domestic individual life insurance products to new business.
53GF Score

Get the complete analysis for NNGPF

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

$92.16
Price
$57.87
GF Value