NRTZF (Noritz) Cyclically Adjusted PS Ratio: 0.48 (As of Aug. 13, 2026) — 26% Above Median

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NRTZF Noritz Corp NRTZF
73 GF Score
Price $11.47
GF Value $9.08
! 9 Warning Signs
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What is Noritz Cyclically Adjusted PS Ratio?

Noritz NRTZF 73 Cyclically Adjusted PS Ratio is 0.48 as of Aug. 13, 2026, which is 26% above its 10-year median of 0.38. GuruFocus rates NRTZF with a GF Score™ of 73/100 and a GF Value™ of $9.08. The stock has 9 warning signs investors should review. Among 1,377 Construction companies, Noritz ranks better than 61.29% on this metric.

As of today (2026-08-13), Noritz's current share price is $11.4729. Noritz's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $23.96. Noritz's Cyclically Adjusted PS Ratio for today is 0.48.

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

NRTZF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.38   Max: 0.53
Current: 0.5

During the past years, Noritz's highest Cyclically Adjusted PS Ratio was 0.53. The lowest was 0.21. And the median was 0.38.

NRTZF's Cyclically Adjusted PS Ratio is ranked better than
61.29% of 1377 companies
in the Construction industry
Industry Median: 0.7 vs NRTZF: 0.50

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.

Noritz's adjusted revenue per share data for the three months ended in Jun. 2026 was $6.521. 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 $23.96 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Noritz  (OTCPK:NRTZF) 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.


Noritz Cyclically Adjusted PS Ratio Related Terms


Noritz Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Noritz'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.

Noritz Cyclically Adjusted PS Ratio Chart

Noritz 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 0.38 0.32 0.32 0.35 0.42

Noritz 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 0.39 0.42 0.42 0.49 0.48

NRTZF vs TT, JCI, CARR: Cyclically Adjusted PS Ratio Comparison

For the Building Products & Equipment subindustry, Noritz'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.


Noritz Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Noritz's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NRTZF
73GF Score
Noritz Corp NRTZF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Noritz 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=11.4729/23.96
=0.48

* 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.

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

For example, Noritz'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)
=6.521/113.6000*113.6000
=6.521

Current CPI (Jun. 2026) = 113.6000.

Noritz Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 10.003 98.000 11.595
201612 11.119 98.400 12.837
201703 9.932 98.100 11.501
201706 9.076 98.500 10.467
201709 9.313 98.800 10.708
201712 11.739 99.400 13.416
201803 10.544 99.200 12.075
201806 8.991 99.200 10.296
201809 8.769 99.900 9.972
201812 11.508 99.700 13.112
201903 9.562 99.700 10.895
201906 8.652 99.800 9.848
201909 10.004 100.100 11.353
201912 11.967 100.500 13.527
202003 8.836 100.300 10.008
202006 7.687 99.900 8.741
202009 8.907 99.900 10.128
202012 11.899 99.300 13.613
202103 9.814 99.900 11.160
202106 8.840 99.500 10.093
202109 8.569 100.100 9.725
202112 7.726 100.100 8.768
202203 7.971 101.100 8.957
202206 8.482 101.800 9.465
202209 8.266 103.100 9.108
202212 9.787 104.100 10.680
202303 8.807 104.400 9.583
202306 6.964 105.200 7.520
202309 6.593 106.200 7.052
202312 8.595 106.800 9.142
202403 7.313 107.200 7.750
202406 6.236 108.200 6.547
202409 6.838 108.900 7.133
202412 8.575 110.700 8.800
202503 7.662 111.100 7.834
202506 6.871 111.700 6.988
202509 6.514 112.000 6.607
202512 8.339 113.000 8.383
202603 7.110 112.700 7.167
202606 6.521 113.600 6.521

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 0.48 mean?
Noritz (NRTZF) has a Cyclically Adjusted PS Ratio of 0.48 as of Aug. 13, 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 Noritz and its competitors. This is 26% above median its historical median of 0.38. Over the past decade, Noritz's Cyclically Adjusted PS Ratio has ranged from 0.21 to 0.53. According to the industry distribution chart, Noritz ranks #533 out of 1377 companies in the Construction industry, placing it in the top 38.7%.
Is Noritz's Cyclically Adjusted PS Ratio too high?
Noritz's current Cyclically Adjusted PS Ratio of 0.48 is 26% above median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 0.53. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Noritz's value of 0.48 is 31.4% below this industry median. Based on the distribution chart, Noritz ranks #533 out of 1377 companies in the Construction industry, which is above the industry midpoint. Overall, Noritz has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Noritz's Cyclically Adjusted PS Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Noritz ranks #533 out of 1377 companies for Cyclically Adjusted PS Ratio. This puts Noritz in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Noritz's value of 0.48 is 31.4% below this benchmark. Historically, Noritz's own Cyclically Adjusted PS Ratio has ranged from 0.21 to 0.53 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 0.70, Noritz has consistently been below 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,377 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. Noritz's current Cyclically Adjusted PS Ratio of 0.48 is 31.4% below 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 Noritz and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noritz's current Cyclically Adjusted PS Ratio is 0.48, which is 26% above median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noritz stock overvalued right now?
Noritz (NRTZF) has a current Cyclically Adjusted PS Ratio of 0.48. The stock's GF Value™ is $9.08, compared to a current price of $11.47 — trading 26.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.48, which is 26% above median its 10-year median of 0.38 and 31.4% below the Construction industry median of 0.70. Noritz's overall GF Score™ is 73/100 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 Noritz (NRTZF), the current Cyclically Adjusted PS Ratio is 0.48 as of Aug. 13, 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 Noritz (NRTZF) Overvalued in 2026?

Based on GuruFocus' analysis, Noritz stock appears to be overvalued. The current stock price of $11.47 is trading 26.4% above its estimated GF Value™ of $9.08.

Key valuation signals for NRTZF:

  • Cyclically Adjusted PS Ratio: 0.48 (26% above median its 10-year median of 0.38)
  • GF Value™: $9.08 vs. price of $11.47 (26.4% above fair value)
  • GF Score™: 73/100 with 9 warning signs
  • Industry Position: 31.4% below the Construction median (#533 of 1377)

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


Noritz Business Description

Other Exchanges 5943:Japan
Address 93 Edo-machi, Chuo-ku, Kobe, JPN, 650-0033
Noritz Corp is a Japanese company engaged in the manufacturing and sales of hot water air conditioning equipment, kitchen equipment, etc., and related businesses. The company operates in two segments: "Domestic Business" and "Overseas Business." The majority of the company's revenue is derived from the Domestic business.
73GF Score

Get the complete analysis for NRTZF

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

$11.47
Price
$9.08
GF Value