Oando (NSA:OANDO) Cyclically Adjusted PS Ratio: 0.31 (As of Jul. 20, 2026) — 417% Above Median

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NSA:OANDO Oando PLC NSA:OANDO
36 GF Score
Price ₦39.00
GF Value ₦50.76
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Oando Cyclically Adjusted PS Ratio?

Oando NSA:OANDO 36 Cyclically Adjusted PS Ratio is 0.31 as of Jul. 20, 2026, which is 417% above its 10-year median of 0.06. GuruFocus rates NSA:OANDO with a GF Score™ of 36/100 and a GF Value™ of ₦50.76 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 707 Oil & Gas companies, Oando ranks better than 78.22% on this metric.

As of today (2026-07-20), Oando's current share price is ₦39.00. Oando's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was ₦125.10. Oando's Cyclically Adjusted PS Ratio for today is 0.31.

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

NSA:OANDO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.06   Max: 0.94
Current: 0.31

During the past years, Oando's highest Cyclically Adjusted PS Ratio was 0.94. The lowest was 0.02. And the median was 0.06.

NSA:OANDO's Cyclically Adjusted PS Ratio is ranked better than
78.22% of 707 companies
in the Oil & Gas industry
Industry Median: 1.04 vs NSA:OANDO: 0.31

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.

Oando's adjusted revenue per share data for the three months ended in Dec. 2025 was ₦82.369. 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 ₦125.10 for the trailing ten years ended in Dec. 2025.

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 Dec14 Dec15 Dec16 Dec17 Dec18 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.05 0.14 0.58 0.32

Oando Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.58 0.44 0.46 0.39 0.32

NSA:OANDO vs VLO, MPC, 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
36GF 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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=39.00/125.10
=0.31

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=82.369/324.0540*324.0540
=82.369

Current CPI (Dec. 2025) = 324.0540.

Oando Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201509 3.134 237.945 4.268
201512 3.767 236.525 5.161
201603 1.462 238.132 1.990
201606 6.838 241.018 9.194
201609 7.970 241.428 10.698
201612 16.275 241.432 21.845
201703 9.559 243.801 12.706
201706 8.898 244.955 11.771
201709 8.045 246.819 10.562
201712 7.250 246.524 9.530
201803 10.408 249.554 13.515
201806 10.146 251.989 13.048
201809 14.364 252.439 18.439
201812 12.055 251.233 15.549
201903 11.615 254.202 14.807
201906 10.190 256.143 12.892
201909 6.799 256.759 8.581
202003 7.832 258.115 9.833
202006 6.269 257.797 7.880
202009 5.853 260.280 7.287
202103 10.674 264.877 13.059
202106 8.861 271.696 10.569
202109 15.681 274.310 18.525
202112 20.421 278.802 23.736
202203 28.732 287.504 32.385
202206 38.201 296.311 41.778
202209 21.048 296.808 22.980
202212 49.852 296.797 54.430
202303 37.165 301.836 39.901
202306 56.021 305.109 59.499
202309 69.240 307.789 72.899
202312 34.297 306.746 36.232
202403 68.559 312.332 71.132
202406 83.547 314.175 86.174
202409 93.205 315.301 95.792
202412 72.158 315.605 74.090
202503 69.844 319.799 70.773
202506 59.033 322.561 59.306
202509 66.015 324.800 65.863
202512 82.369 324.054 82.369

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 0.31 mean?
Oando (NSA:OANDO) has a Cyclically Adjusted PS Ratio of 0.31 as of Jul. 20, 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 Oando and its competitors. This is 417% above median its historical median of 0.06. Over the past decade, Oando's Cyclically Adjusted PS Ratio has ranged from 0.02 to 0.94. According to the industry distribution chart, Oando ranks #154 out of 707 companies in the Oil & Gas industry, placing it in the top 21.8%.
Is Oando's Cyclically Adjusted PS Ratio too high?
Oando's current Cyclically Adjusted PS Ratio of 0.31 is 417% above median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.94. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.04. Oando's value of 0.31 is 70.2% below this industry median. Based on the distribution chart, Oando ranks #154 out of 707 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Oando has a GF Score™ of 36/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oando's Cyclically Adjusted PS Ratio compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Oando ranks #154 out of 707 companies for Cyclically Adjusted PS Ratio. This places Oando in the top 22% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.04. Oando's value of 0.31 is 70.2% below this benchmark. Historically, Oando's own Cyclically Adjusted PS Ratio has ranged from 0.02 to 0.94 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 1.04, Oando 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.04, based on 707 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. Oando's current Cyclically Adjusted PS Ratio of 0.31 is 70.2% 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 Oando and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oando's current Cyclically Adjusted PS Ratio is 0.31, which is 417% above median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oando stock overvalued right now?
Based on GuruFocus' analysis, Oando (NSA:OANDO) is currently considered Modestly Undervalued. The stock's GF Value™ is ₦50.76, compared to a current price of ₦39.00 — trading 23.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.31, which is 417% above median its 10-year median of 0.06 and 70.2% below the Oil & Gas industry median of 1.04. Oando's overall GF Score™ is 36/100 with 6 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 Oando (NSA:OANDO), the current Cyclically Adjusted PS Ratio is 0.31 as of Jul. 20, 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 Oando (NSA:OANDO) Overvalued in 2026?

Based on GuruFocus' analysis, Oando stock appears to be undervalued. The current stock price of ₦39.00 is trading 23.2% below its estimated GF Value™ of ₦50.76. GuruFocus considers Oando to be Modestly Undervalued.

Key valuation signals for NSA:OANDO:

  • Cyclically Adjusted PS Ratio: 0.31 (417% above median its 10-year median of 0.06)
  • GF Value™: ₦50.76 vs. price of ₦39.00 (23.2% below fair value)
  • GF Score™: 36/100 with 6 warning signs
  • Industry Position: 70.2% below the Oil & Gas median (#154 of 707)

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.
36GF 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.

₦39.00
Price
₦50.76
GF Value