Next Biometrics Group ASA (OSTO:NEXTO) Cyclically Adjusted PS Ratio: 0.20 (As of Jul. 21, 2026) — 90% Below Median

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.

OSTO:NEXTO Next Biometrics Group ASA OSTO:NEXTO
33 GF Score
Price kr9.64
GF Value kr82.34
! 6 Warning Signs
View Full Analysis

What is Next Biometrics Group ASA Cyclically Adjusted PS Ratio?

Next Biometrics Group ASA OSTO:NEXTO 33 Cyclically Adjusted PS Ratio is 0.20 as of Jul. 21, 2026, which is 90% below its 10-year median of 2.00. GuruFocus rates OSTO:NEXTO with a GF Score™ of 33/100 and a GF Value™ of kr82.34. The stock has 6 warning signs investors should review. Among 1,976 Hardware companies, Next Biometrics Group ASA ranks better than 99.6% on this metric.

As of today (2026-07-21), Next Biometrics Group ASA's current share price is kr9.64353. Next Biometrics Group ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was kr47.51. Next Biometrics Group ASA's Cyclically Adjusted PS Ratio for today is 0.20.

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

OSTO:NEXTo' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.02   Med: 2   Max: 3.57
Current: 0.02

During the past years, Next Biometrics Group ASA's highest Cyclically Adjusted PS Ratio was 3.57. The lowest was 0.02. And the median was 2.00.

OSTO:NEXTo's Cyclically Adjusted PS Ratio is ranked better than
99.6% of 1976 companies
in the Hardware industry
Industry Median: 1.365 vs OSTO:NEXTo: 0.02

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.

Next Biometrics Group ASA's adjusted revenue per share data for the three months ended in Mar. 2026 was kr0.080. 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 kr47.51 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Next Biometrics Group ASA  (OSTO:NEXTo) 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.


Next Biometrics Group ASA Cyclically Adjusted PS Ratio Related Terms


Next Biometrics Group ASA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Next Biometrics Group ASA'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.

Next Biometrics Group ASA Cyclically Adjusted PS Ratio Chart

Next Biometrics Group ASA 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 1.80 2.81 2.73 0.72

Next Biometrics Group ASA 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 2.10 1.84 1.36 0.72 0.20

OSTO:NEXTO vs COHR, KEYS, GRMN: Cyclically Adjusted PS Ratio Comparison

For the Scientific & Technical Instruments subindustry, Next Biometrics Group ASA'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.


Next Biometrics Group ASA Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Next Biometrics Group ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Next Biometrics Group ASA's Cyclically Adjusted PS Ratio falls into.


OSTO:NEXTO
33GF Score
Next Biometrics Group ASA OSTO:NEXTO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Next Biometrics Group ASA 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.

Next Biometrics Group ASA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.64353/47.51
=0.20

* 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.

Next Biometrics Group ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Next Biometrics Group ASA'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)
=0.08/141.0300*141.0300
=0.080

Current CPI (Mar. 2026) = 141.0300.

Next Biometrics Group ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 8.576 103.800 11.652
201609 8.256 104.200 11.174
201612 9.130 104.400 12.333
201703 6.082 105.000 8.169
201706 6.373 105.800 8.495
201709 6.749 105.900 8.988
201712 6.539 106.100 8.692
201803 6.259 107.300 8.227
201806 6.587 108.500 8.562
201809 7.693 109.500 9.908
201812 6.563 109.800 8.430
201903 3.143 110.400 4.015
201906 3.109 110.600 3.964
201909 1.821 111.100 2.312
201912 0.954 111.300 1.209
202003 2.126 111.200 2.696
202006 1.338 112.100 1.683
202009 1.084 112.900 1.354
202012 0.615 112.900 0.768
202103 0.892 114.600 1.098
202106 0.557 115.300 0.681
202109 0.721 117.500 0.865
202112 0.818 118.900 0.970
202203 0.606 119.800 0.713
202206 0.651 122.600 0.749
202209 0.864 125.600 0.970
202212 0.668 125.900 0.748
202303 0.402 127.600 0.444
202306 0.413 130.400 0.447
202309 0.342 129.800 0.372
202312 0.812 131.900 0.868
202403 0.658 132.600 0.700
202406 0.964 133.800 1.016
202409 1.382 133.700 1.458
202412 0.680 134.800 0.711
202503 0.362 136.100 0.375
202506 -0.099 137.800 -0.101
202509 0.135 138.500 0.137
202512 0.109 139.100 0.111
202603 0.080 141.030 0.080

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 0.20 mean?
Next Biometrics Group ASA (OSTO:NEXTO) has a Cyclically Adjusted PS Ratio of 0.20 as of Jul. 21, 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 Next Biometrics Group ASA and its competitors. This is 90% below median its historical median of 2.00. Over the past decade, Next Biometrics Group ASA's Cyclically Adjusted PS Ratio has ranged from 0.02 to 3.57. According to the industry distribution chart, Next Biometrics Group ASA ranks #8 out of 1976 companies in the Hardware industry, placing it in the top 0.40000000000001%.
Is Next Biometrics Group ASA's Cyclically Adjusted PS Ratio too high?
Next Biometrics Group ASA's current Cyclically Adjusted PS Ratio of 0.20 is 90% below median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 3.57. The Hardware industry median Cyclically Adjusted PS Ratio is 1.37. Next Biometrics Group ASA's value of 0.20 is 85.3% below this industry median. Based on the distribution chart, Next Biometrics Group ASA ranks #8 out of 1976 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Next Biometrics Group ASA has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Next Biometrics Group ASA's Cyclically Adjusted PS Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Next Biometrics Group ASA ranks #8 out of 1976 companies for Cyclically Adjusted PS Ratio. This places Next Biometrics Group ASA in the top 0% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.37. Next Biometrics Group ASA's value of 0.20 is 85.3% below this benchmark. Historically, Next Biometrics Group ASA's own Cyclically Adjusted PS Ratio has ranged from 0.02 to 3.57 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 1.37, Next Biometrics Group ASA 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 a Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.37, based on 1,976 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. Next Biometrics Group ASA's current Cyclically Adjusted PS Ratio of 0.20 is 85.3% 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 Next Biometrics Group ASA and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next Biometrics Group ASA's current Cyclically Adjusted PS Ratio is 0.20, which is 90% below median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next Biometrics Group ASA stock overvalued right now?
Next Biometrics Group ASA (OSTO:NEXTO) has a current Cyclically Adjusted PS Ratio of 0.20. The stock's GF Value™ is kr82.34, compared to a current price of kr9.64 — trading 88.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.20, which is 90% below median its 10-year median of 2.00 and 85.3% below the Hardware industry median of 1.37. Next Biometrics Group ASA's overall GF Score™ is 33/100 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 Next Biometrics Group ASA (OSTO:NEXTO), the current Cyclically Adjusted PS Ratio is 0.20 as of Jul. 21, 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 Next Biometrics Group ASA (OSTO:NEXTO) Overvalued in 2026?

Based on GuruFocus' analysis, Next Biometrics Group ASA stock appears to be undervalued. The current stock price of kr9.64 is trading 88.3% below its estimated GF Value™ of kr82.34.

Key valuation signals for OSTO:NEXTO:

  • Cyclically Adjusted PS Ratio: 0.20 (90% below median its 10-year median of 2.00)
  • GF Value™: kr82.34 vs. price of kr9.64 (88.3% below fair value)
  • GF Score™: 33/100 with 6 warning signs
  • Industry Position: 85.3% below the Hardware median (#8 of 1976)

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


Next Biometrics Group ASA Business Description

Other Exchanges NEXT:Norway0QWK:UK
Address Stortorvet 7, Oslo, NOR, 0155
Next Biometrics Group ASA provides fingerprint sensor technology and products. The company's products are utilized for Smart Card, Government ID, Access control, Notebook, and others. The company's products include smart card solutions, fingerprint sensor modules, fingerprint readers, Aadhar products, Software DevKits, and Hardware DevKits. The company has one operating segment namely; Fingerprint sensor Technology. The company's Geographic customer base consists of Asia (Japan and India), Europe (France and Germany) and North America.
33GF Score

Get the complete analysis for OSTO:NEXTO

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

kr9.64
Price
kr82.34
GF Value