The Navigator Co (STU:PO9) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

STU:PO9 The Navigator Co SA STU:PO9
79 GF Score
Price €3.25
GF Value €3.29
Valuation Fairly Valued
! 6 Warning Signs
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What is The Navigator Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


The Navigator Co  (STU:PO9) 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.


The Navigator Co Cyclically Adjusted PS Ratio Related Terms


The Navigator Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for The Navigator Co'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.

The Navigator Co Cyclically Adjusted PS Ratio Chart

The Navigator Co 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 1.47 1.31 1.33 1.24 1.09

The Navigator Co 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 1.11 1.14 1.09 1.17 1.09

STU:PO9 vs SLVM: Cyclically Adjusted PS Ratio Comparison

For the Paper & Paper Products subindustry, The Navigator Co'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.


The Navigator Co Cyclically Adjusted PS Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, The Navigator Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:PO9
79GF Score
The Navigator Co SA STU:PO9
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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The Navigator Co 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.

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

For example, The Navigator Co'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)
=0.621/128.0300*128.0300
=0.621

Current CPI (Jun. 2026) = 128.0300.

The Navigator Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.526 101.122 0.666
201612 0.589 100.998 0.747
201703 0.548 101.924 0.688
201706 0.586 102.240 0.734
201709 0.554 102.527 0.692
201712 0.596 102.479 0.745
201803 0.537 102.626 0.670
201806 0.602 103.790 0.743
201809 0.607 103.960 0.748
201812 0.613 103.159 0.761
201903 0.589 103.495 0.729
201906 0.606 104.192 0.745
201909 0.591 103.844 0.729
201912 0.582 103.592 0.719
202003 0.571 103.544 0.706
202006 0.407 104.323 0.499
202009 0.490 103.699 0.605
202012 0.480 103.354 0.595
202103 0.479 104.014 0.590
202106 0.526 104.852 0.642
202109 0.569 105.232 0.692
202112 0.670 106.191 0.808
202203 0.692 109.559 0.809
202206 0.914 114.003 1.026
202209 0.957 114.999 1.065
202212 0.903 116.377 0.993
202303 0.705 117.701 0.767
202306 0.673 117.872 0.731
202309 0.676 119.111 0.727
202312 0.693 118.032 0.752
202403 0.754 120.396 0.802
202406 0.744 121.165 0.786
202409 0.707 121.574 0.745
202412 0.731 121.585 0.770
202503 0.744 122.624 0.777
202506 0.689 124.042 0.711
202509 0.661 124.490 0.680
202512 0.676 124.240 0.697
202603 0.600 125.940 0.610
202606 0.621 128.030 0.621

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 The Navigator Co (STU:PO9) Overvalued in 2026?

Based on GuruFocus' analysis, The Navigator Co stock appears to be undervalued. The current stock price of €3.25 is trading 1.2% below its estimated GF Value™ of €3.29. GuruFocus considers The Navigator Co to be Fairly Valued.

Key valuation signals for STU:PO9:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €3.29 vs. price of €3.25 (1.2% below fair value)
  • GF Score™: 79/100 with 6 warning signs

No single metric tells the full story. See the STU:PO9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Navigator Co Business Description

Other Exchanges NVG:PortugalNVGu:UK0KLO:UK
Address Mitrena - Apartado 55, Setubal, PRT, 2901-861
The Navigator Co SA produces and sells pulp, paper, and energy. The company segments is based on product type. The market pulp segment, which sells pulp paper to international paper producers. The UWF segment, which sells paper through retail stores (B2C) and commercial distribution (B2B). Tissue segment, which sells tissue paper for private label to national and international retail chains. The Biomass renewable energy segment includes the cogeneration units and the two independent thermoelectric power plants and Support. The majority of revenue comes from Rest of Europe.
79GF Score

Get the complete analysis for STU:PO9

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

€3.25
Price
€3.29
GF Value