Seplat Energy (NSA:SEPLAT) Cyclically Adjusted PS Ratio: 4.15 (As of Jul. 10, 2026) — 89% Above Median


NSA:SEPLAT Seplat Energy PLC NSA:SEPLAT
73 GF Score
Price ₦11,363.90
GF Value ₦9,868.07
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Seplat Energy Cyclically Adjusted PS Ratio?

Seplat Energy NSA:SEPLAT 73 Cyclically Adjusted PS Ratio is 4.15 as of Jul. 10, 2026, which is 89% above its 10-year median of 2.20. GuruFocus rates NSA:SEPLAT with a GF Score™ of 73/100 and a GF Value™ of ₦9,868.07 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 704 Oil & Gas companies, Seplat Energy ranks worse than 86.51% on this metric.

As of today (2026-07-10), Seplat Energy's current share price is ₦11363.90. Seplat Energy's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₦2,739.73. Seplat Energy's Cyclically Adjusted PS Ratio for today is 4.15.

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: 2.2   Max: 4.26
Current: 4.15

During the past years, Seplat Energy's highest Cyclically Adjusted PS Ratio was 4.26. The lowest was 0.60. And the median was 2.20.

NSA:SEPLAT's Cyclically Adjusted PS Ratio is ranked worse than
86.51% of 704 companies
in the Oil & Gas industry
Industry Median: 1.005 vs NSA:SEPLAT: 4.15

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 Mar. 2026 was ₦1,930.976. 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 ₦2,739.73 for the trailing ten years ended in Mar. 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 1.23 2.92 2.30

Seplat Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.69 2.35 2.19 2.30 3.32

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
73GF 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
=11363.90/2739.73
=4.15

* 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 Mar. 2026 is calculated as:

For example, Seplat Energy's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1930.976/330.2130*330.2130
=1,930.976

Current CPI (Mar. 2026) = 330.2130.

Seplat Energy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 170.419 241.018 233.487
201609 145.810 241.428 199.432
201612 100.032 241.432 136.816
201703 114.975 243.801 155.726
201706 204.886 244.955 276.198
201709 354.818 246.819 474.702
201712 414.646 246.524 555.408
201803 439.842 249.554 582.004
201806 390.234 251.989 511.373
201809 536.565 252.439 701.875
201812 429.817 251.233 564.938
201903 385.110 254.202 500.265
201906 460.025 256.143 593.052
201909 327.185 256.759 420.787
201912 489.979 256.974 629.626
202003 305.566 258.115 390.918
202006 241.454 257.797 309.279
202009 361.140 260.280 458.172
202012 334.132 260.474 423.592
202103 356.977 264.877 445.031
202106 366.051 271.696 444.890
202109 354.958 274.310 427.297
202112 650.636 278.802 770.613
202203 567.844 287.504 652.198
202206 669.649 296.311 746.266
202209 215.015 296.808 239.214
202212 763.055 296.797 848.966
202303 775.049 301.836 847.915
202306 505.856 305.109 547.477
202309 616.671 307.789 661.599
202312 587.524 306.746 632.471
202403 421.072 312.332 445.178
202406 717.555 314.175 754.185
202409 687.730 315.301 720.256
202412 938.593 315.605 982.036
202503 1,895.004 319.799 1,956.713
202506 2,199.270 322.561 2,251.443
202509 1,816.026 324.800 1,846.291
202512 1,261.441 324.054 1,285.416
202603 1,930.976 330.213 1,930.976

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 4.15 mean?
Seplat Energy (NSA:SEPLAT) has a Cyclically Adjusted PS Ratio of 4.15 as of Jul. 10, 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 89% above median its historical median of 2.20. Over the past decade, Seplat Energy's Cyclically Adjusted PS Ratio has ranged from 0.60 to 4.26. According to the industry distribution chart, Seplat Energy ranks #609 out of 704 companies in the Oil & Gas industry, placing it in the top 86.5%.
Is Seplat Energy's Cyclically Adjusted PS Ratio too high?
Seplat Energy's current Cyclically Adjusted PS Ratio of 4.15 is 89% above median its 10-year median of 2.20. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 4.26. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.01. Seplat Energy's value of 4.15 is 312.9% above this industry median. Based on the distribution chart, Seplat Energy ranks #609 out of 704 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Seplat Energy has a GF Score™ of 73/100 and is considered Modestly Overvalued, 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 #609 out of 704 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 1.01. Seplat Energy's value of 4.15 is 312.9% above this benchmark. Historically, Seplat Energy's own Cyclically Adjusted PS Ratio has ranged from 0.60 to 4.26 over the past decade. While the company's 10-year median is 2.20 vs. the industry median of 1.01, 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 1.01, based on 704 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 4.15 is 312.9% 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 1.01 — 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 4.15, which is 89% above median its own 10-year median of 2.20. 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 Modestly Overvalued. The stock's GF Value™ is ₦9,868.07, compared to a current price of ₦11,363.90 — trading 15.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.15, which is 89% above median its 10-year median of 2.20 and 312.9% above the Oil & Gas industry median of 1.01. Seplat Energy'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 Seplat Energy (NSA:SEPLAT), the current Cyclically Adjusted PS Ratio is 4.15 as of Jul. 10, 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 ₦11,363.90 is trading 15.2% above its estimated GF Value™ of ₦9,868.07. GuruFocus considers Seplat Energy to be Modestly Overvalued.

Key valuation signals for NSA:SEPLAT:

  • Cyclically Adjusted PS Ratio: 4.15 (89% above median its 10-year median of 2.20)
  • GF Value™: ₦9,868.07 vs. price of ₦11,363.90 (15.2% above fair value)
  • GF Score™: 73/100 with 9 warning signs
  • Industry Position: 312.9% above the Oil & Gas median (#609 of 704)

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.
73GF 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
₦9,868.07
GF Value