Seplat Energy (NSA:SEPLAT) Cyclically Adjusted PS Ratio: 3.93 (As of Aug. 16, 2026) — 66% Above Median

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NSA:SEPLAT Seplat Energy PLC NSA:SEPLAT
77 GF Score
Price ₦11,200.60
GF Value ₦10,509.56
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Seplat Energy Cyclically Adjusted PS Ratio?

Seplat Energy NSA:SEPLAT -1.44% 77 Cyclically Adjusted PS Ratio is 3.93 as of Aug. 16, 2026, which is 66% above its 10-year median of 2.37. GuruFocus rates NSA:SEPLAT with a GF Score™ of 77/100 and a GF Value™ of ₦10,509.56 (Fairly Valued). The stock has 7 warning signs investors should review. Among 716 Oil & Gas companies, Seplat Energy ranks worse than 85.47% on this metric.

As of today (2026-08-16), Seplat Energy's current share price is ₦11200.60. Seplat Energy's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₦2,848.35. Seplat Energy's Cyclically Adjusted PS Ratio for today is 3.93.

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

NSA:SEPLAT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.6   Med: 2.37   Max: 4.42
Current: 3.93

During the past years, Seplat Energy's highest Cyclically Adjusted PS Ratio was 4.42. The lowest was 0.60. And the median was 2.37.

NSA:SEPLAT's Cyclically Adjusted PS Ratio is ranked worse than
85.47% of 716 companies
in the Oil & Gas industry
Industry Median: 1.06 vs NSA:SEPLAT: 3.93

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.

Seplat Energy's adjusted revenue per share data for the three months ended in Jun. 2026 was ₦2,219.246. 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 ₦2,848.35 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Seplat Energy  (NSA:SEPLAT) 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.


Seplat Energy Cyclically Adjusted PS Ratio Related Terms


Seplat Energy Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Seplat Energy'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.

Seplat Energy Cyclically Adjusted PS Ratio Chart

Seplat Energy 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 0.00 0.61 1.24 2.97 2.41

Seplat Energy 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 2.47 2.30 2.41 3.47 3.99

NSA:SEPLAT vs COP, EOG, FANG: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas E&P subindustry, Seplat Energy'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.


Seplat Energy Cyclically Adjusted PS Ratio vs Oil & Gas Industry

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

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


NSA:SEPLAT
77GF Score
Seplat Energy PLC NSA:SEPLAT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Seplat Energy 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.

Seplat Energy's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=11200.60/2848.35
=3.93

* 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.

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

For example, Seplat Energy'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)
=2219.246/333.9520*333.9520
=2,219.246

Current CPI (Jun. 2026) = 333.9520.

Seplat Energy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 143.868 241.428 199.003
201612 98.700 241.432 136.523
201703 113.444 243.801 155.393
201706 202.158 244.955 275.606
201709 350.093 246.819 473.684
201712 409.124 246.524 554.217
201803 433.985 249.554 580.757
201806 385.037 251.989 510.276
201809 529.419 252.439 700.369
201812 424.093 251.233 563.727
201903 379.982 254.202 499.193
201906 453.899 256.143 591.781
201909 322.827 256.759 419.883
201912 483.454 256.974 628.275
202003 301.497 258.115 390.080
202006 238.239 257.797 308.616
202009 356.331 260.280 457.190
202012 329.682 260.474 422.683
202103 352.223 264.877 444.076
202106 361.176 271.696 443.935
202109 350.231 274.310 426.380
202112 641.971 278.802 768.960
202203 560.282 287.504 650.799
202206 660.731 296.311 744.665
202209 212.152 296.808 238.702
202212 752.893 296.797 847.145
202303 764.727 301.836 846.096
202306 499.119 305.109 546.302
202309 608.458 307.789 660.179
202312 579.700 306.746 631.115
202403 415.464 312.332 444.223
202406 558.715 314.175 593.886
202409 678.571 315.301 718.711
202412 926.093 315.605 979.929
202503 1,869.767 319.799 1,952.515
202506 1,359.591 322.561 1,407.604
202509 1,791.841 324.800 1,842.330
202512 1,244.642 324.054 1,282.659
202603 1,905.260 330.213 1,926.833
202606 2,219.246 333.952 2,219.246

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 3.93 mean?
Seplat Energy (NSA:SEPLAT) has a Cyclically Adjusted PS Ratio of 3.93 as of Aug. 16, 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 Seplat Energy and its competitors. This is 66% above median its historical median of 2.37. Over the past decade, Seplat Energy's Cyclically Adjusted PS Ratio has ranged from 0.60 to 4.42. According to the industry distribution chart, Seplat Energy ranks #612 out of 716 companies in the Oil & Gas industry, placing it in the top 85.5%.
Is Seplat Energy's Cyclically Adjusted PS Ratio too high?
Seplat Energy's current Cyclically Adjusted PS Ratio of 3.93 is 66% above median its 10-year median of 2.37. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 4.42. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.06. Seplat Energy's value of 3.93 is 270.8% above this industry median. Based on the distribution chart, Seplat Energy ranks #612 out of 716 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Seplat Energy has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Seplat Energy's Cyclically Adjusted PS Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Seplat Energy ranks #612 out of 716 companies for Cyclically Adjusted PS Ratio. This places Seplat Energy in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.06. Seplat Energy's value of 3.93 is 270.8% above this benchmark. Historically, Seplat Energy's own Cyclically Adjusted PS Ratio has ranged from 0.60 to 4.42 over the past decade. While the company's 10-year median is 2.37 vs. the industry median of 1.06, Seplat Energy 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.06, based on 716 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. Seplat Energy's current Cyclically Adjusted PS Ratio of 3.93 is 270.8% 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 Seplat Energy and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seplat Energy's current Cyclically Adjusted PS Ratio is 3.93, which is 66% above median its own 10-year median of 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seplat Energy stock overvalued right now?
Based on GuruFocus' analysis, Seplat Energy (NSA:SEPLAT) is currently considered Fairly Valued. The stock's GF Value™ is ₦10,509.56, compared to a current price of ₦11,200.60 — trading 6.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.93, which is 66% above median its 10-year median of 2.37 and 270.8% above the Oil & Gas industry median of 1.06. Seplat Energy's overall GF Score™ is 77/100 with 7 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 Seplat Energy (NSA:SEPLAT), the current Cyclically Adjusted PS Ratio is 3.93 as of Aug. 16, 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 Seplat Energy (NSA:SEPLAT) Overvalued in 2026?

Based on GuruFocus' analysis, Seplat Energy stock appears to be overvalued. The current stock price of ₦11,200.60 is trading 6.6% above its estimated GF Value™ of ₦10,509.56. GuruFocus considers Seplat Energy to be Fairly Valued.

Key valuation signals for NSA:SEPLAT:

  • Cyclically Adjusted PS Ratio: 3.93 (66% above median its 10-year median of 2.37)
  • GF Value™: ₦10,509.56 vs. price of ₦11,200.60 (6.6% above fair value)
  • GF Score™: 77/100 with 7 warning signs
  • Industry Position: 270.8% above the Oil & Gas median (#612 of 716)

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


Seplat Energy Business Description

Industry EnergyOil & Gas
Address 1, Lekki-Epe Expressway, Victoria Island, Seplat House, Lagos, NGA
Seplat Energy PLC is a Nigerian independent upstream oil and gas company that focuses on production and development opportunities in Nigeria. The company has two reportable segments, namely Oil and Gas. Geographically, it derives a key revenue from India, Spain, the Netherlands, and the USA. The company's exploration assets include OMLs 4, 38, and 41, which are located in Edo and Delta States onshore Nigeria; OPL 283 Marginal Field Area; and OML 53, which is located onshore in Imo State in the North-Eastern Niger Delta.
77GF Score

Get the complete analysis for NSA:SEPLAT

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

₦11,200.60
Price
₦10,509.56
GF Value