Seplat Energy (NSA:SEPLAT) Cyclically Adjusted PS Ratio: (As of Aug. 07, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:SEPLAT Seplat Energy PLC NSA:SEPLAT
77 GF Score
Price ₦11,363.90
GF Value ₦10,253.49
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Seplat Energy Cyclically Adjusted PS Ratio?

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 2.96 2.40

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 2.46 2.29 2.40 3.46 3.97

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 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)
=2227.881/333.9520*333.9520
=2,227.881

Current CPI (Jun. 2026) = 333.9520.

Seplat Energy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 144.427 241.428 199.777
201612 99.084 241.432 137.054
201703 113.885 243.801 155.997
201706 202.944 244.955 276.678
201709 351.455 246.819 475.527
201712 410.716 246.524 556.374
201803 435.673 249.554 583.016
201806 386.535 251.989 512.261
201809 531.479 252.439 703.095
201812 425.743 251.233 565.920
201903 381.460 254.202 501.134
201906 455.665 256.143 594.083
201909 324.083 256.759 421.517
201912 485.335 256.974 630.720
202003 302.670 258.115 391.598
202006 239.166 257.797 309.817
202009 357.717 260.280 458.968
202012 330.965 260.474 424.328
202103 353.593 264.877 445.803
202106 362.581 271.696 445.662
202109 351.594 274.310 428.040
202112 644.469 278.802 771.952
202203 562.462 287.504 653.331
202206 663.302 296.311 747.563
202209 212.977 296.808 239.630
202212 755.823 296.797 850.442
202303 767.703 301.836 849.388
202306 501.061 305.109 548.428
202309 610.826 307.789 662.748
202312 581.956 306.746 633.571
202403 417.081 312.332 445.952
202406 560.889 314.175 596.196
202409 681.211 315.301 721.507
202412 929.697 315.605 983.743
202503 1,877.042 319.799 1,960.112
202506 1,364.881 322.561 1,413.081
202509 1,798.813 324.800 1,849.499
202512 1,249.485 324.054 1,287.650
202603 1,912.674 330.213 1,934.331
202606 2,227.881 333.952 2,227.881

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 Seplat Energy (NSA:SEPLAT) Overvalued in 2026?

Based on GuruFocus' analysis, Seplat Energy stock appears to be overvalued. The current stock price of ₦11,363.90 is trading 10.8% above its estimated GF Value™ of ₦10,253.49. GuruFocus considers Seplat Energy to be Modestly Overvalued.

Key valuation signals for NSA:SEPLAT:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₦10,253.49 vs. price of ₦11,363.90 (10.8% above fair value)
  • GF Score™: 77/100 with 8 warning signs

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.

₦11,363.90
Price
₦10,253.49
GF Value