Oando (NSA:OANDO) 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.

NSA:OANDO Oando PLC NSA:OANDO
37 GF Score
Price ₦34.00
GF Value ₦55.59
Valuation Possible Value Trap
! 6 Warning Signs
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What is Oando Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Oando  (NSA:OANDO) 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.


Oando Cyclically Adjusted PS Ratio Related Terms


Oando Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Oando'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.

Oando Cyclically Adjusted PS Ratio Chart

Oando 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 0.06 0.06 0.14 0.59 0.31

Oando 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 0.45 0.38 0.31 0.35 0.26

NSA:OANDO vs MPC, VLO, PSX: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Oando'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.


Oando Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Oando's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSA:OANDO
37GF Score
Oando PLC NSA:OANDO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Oando 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.

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

For example, Oando'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)
=121.603/333.9520*333.9520
=121.603

Current CPI (Jun. 2026) = 333.9520.

Oando Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 7.970 241.428 11.024
201612 16.275 241.432 22.512
201703 9.559 243.801 13.094
201706 8.898 244.955 12.131
201709 8.045 246.819 10.885
201712 7.886 246.524 10.683
201803 10.408 249.554 13.928
201806 10.146 251.989 13.446
201809 14.364 252.439 19.002
201812 12.055 251.233 16.024
201903 11.615 254.202 15.259
201906 10.190 256.143 13.285
201909 6.799 256.759 8.843
201912 11.256 256.974 14.628
202003 7.832 258.115 10.133
202006 6.269 257.797 8.121
202009 5.853 260.280 7.510
202012 13.920 260.474 17.847
202103 10.674 264.877 13.458
202106 8.861 271.696 10.891
202109 15.681 274.310 19.090
202112 20.329 278.802 24.350
202203 28.732 287.504 33.374
202206 38.201 296.311 43.054
202209 21.048 296.808 23.682
202212 49.897 296.797 56.143
202303 37.165 301.836 41.119
202306 56.021 305.109 61.317
202309 69.240 307.789 75.126
202312 72.865 306.746 79.328
202403 63.285 312.332 67.666
202406 77.120 314.175 81.975
202409 80.102 315.301 84.840
202412 62.014 315.605 65.619
202503 69.844 319.799 72.935
202506 63.406 322.561 65.645
202509 66.015 324.800 67.875
202512 82.369 324.054 84.885
202603 112.044 330.213 113.313
202606 121.603 333.952 121.603

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 Oando (NSA:OANDO) Overvalued in 2026?

Based on GuruFocus' analysis, Oando stock appears to be undervalued. The current stock price of ₦34.00 is trading 38.8% below its estimated GF Value™ of ₦55.59. GuruFocus considers Oando to be Possible Value Trap.

Key valuation signals for NSA:OANDO:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₦55.59 vs. price of ₦34.00 (38.8% below fair value)
  • GF Score™: 37/100 with 6 warning signs

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


Oando Business Description

Industry EnergyOil & Gas
Other Exchanges OAO:South Africa
Address Ozumba Mbadiwe Avenue, 17a The Wings Complex, Victoria Island, Lagos, NGA
Oando PLC makes strategic investments in energy companies. Through its subsidiaries, the company is engaged in exploration and production, Supply and trading of petroleum products, and Mining and infrastructure development. The group has four operating segments: (i) Exploration and production. (ii) Supply and Trading (iii) Mining & infrastructure development, (iv) Corporate, and others. The majority of its revenue is generated from Supply and Trading which involves trading crude, refined, and unrefined petroleum products.
37GF Score

Get the complete analysis for NSA:OANDO

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

₦34.00
Price
₦55.59
GF Value