Netflix (UKEX:NFLX) Cyclically Adjusted PS Ratio: 9.81 (As of Jul. 29, 2026) — 40% Below Median

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UKEX:NFLX Netflix Inc UKEX:NFLX
92 GF Score
Price ₴1,467.40
GF Value ₴2,026.06
! 1 Warning Sign
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What is Netflix Cyclically Adjusted PS Ratio?

Netflix UKEX:NFLX 92 Cyclically Adjusted PS Ratio is 9.81 as of Jul. 29, 2026, which is 40% below its 10-year median of 16.47. GuruFocus rates UKEX:NFLX with a GF Score™ of 92/100 and a GF Value™ of ₴2,026.06. The stock has 1 warning sign investors should review. Among 731 Media - Diversified companies, Netflix ranks worse than 96.85% on this metric.

As of today (2026-07-29), Netflix's current share price is ₴1467.40. Netflix's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₴149.62. Netflix's Cyclically Adjusted PS Ratio for today is 9.81.

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

UKEX:NFLX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.82   Med: 16.47   Max: 31.87
Current: 9.95

During the past years, Netflix's highest Cyclically Adjusted PS Ratio was 31.87. The lowest was 4.82. And the median was 16.47.

UKEX:NFLX's Cyclically Adjusted PS Ratio is ranked worse than
96.85% of 731 companies
in the Media - Diversified industry
Industry Median: 0.78 vs UKEX:NFLX: 9.95

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.

Netflix's adjusted revenue per share data for the three months ended in Jun. 2026 was ₴132.118. 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 ₴149.62 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Netflix  (UKEX:NFLX) 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.


Netflix Cyclically Adjusted PS Ratio Related Terms


Netflix Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Netflix'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.

Netflix Cyclically Adjusted PS Ratio Chart

Netflix 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 18.67 7.32 10.19 15.80 14.16

Netflix 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 21.73 18.69 14.16 13.79 9.81

UKEX:NFLX vs DIS, WBD, LYV: Cyclically Adjusted PS Ratio Comparison

For the Entertainment subindustry, Netflix'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.


Netflix Cyclically Adjusted PS Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Netflix's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


UKEX:NFLX
92GF Score
Netflix Inc UKEX:NFLX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Netflix 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.

Netflix's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1467.40/149.62
=9.81

* 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.

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

For example, Netflix'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)
=132.118/333.9520*333.9520
=132.118

Current CPI (Jun. 2026) = 333.9520.

Netflix Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 23.417 241.428 32.391
201612 25.236 241.432 34.907
201703 26.531 243.801 36.341
201706 27.978 244.955 38.143
201709 29.908 246.819 40.466
201712 32.864 246.524 44.519
201803 36.835 249.554 49.292
201806 38.787 251.989 51.403
201809 39.669 252.439 52.478
201812 41.601 251.233 55.298
201903 44.842 254.202 58.910
201906 48.801 256.143 63.625
201909 52.065 256.759 67.718
201912 54.296 256.974 70.561
202003 57.135 258.115 73.922
202006 60.711 257.797 78.645
202009 63.389 260.280 81.331
202012 65.416 260.474 83.869
202103 70.470 264.877 88.847
202106 72.307 271.696 88.875
202109 73.736 274.310 89.768
202112 75.816 278.802 90.813
202203 77.855 287.504 90.433
202206 79.361 296.311 89.442
202209 78.887 296.808 88.759
202212 77.928 296.797 87.684
202303 80.862 301.836 89.466
202306 81.270 305.109 88.953
202309 85.082 307.789 92.314
202312 89.167 306.746 97.075
202403 95.103 312.332 101.686
202406 97.442 314.175 103.576
202409 100.569 315.301 106.518
202412 104.917 315.605 111.016
202503 108.150 319.799 112.936
202506 114.196 322.561 118.229
202509 118.870 324.800 122.219
202512 125.128 324.054 128.950
202603 127.742 330.213 129.188
202606 132.118 333.952 132.118

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 9.81 mean?
Netflix (UKEX:NFLX) has a Cyclically Adjusted PS Ratio of 9.81 as of Jul. 29, 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 Netflix and its competitors. This is 40% below median its historical median of 16.47. Over the past decade, Netflix's Cyclically Adjusted PS Ratio has ranged from 4.82 to 31.87. According to the industry distribution chart, Netflix ranks #708 out of 731 companies in the Media - Diversified industry, placing it in the top 96.9%.
Is Netflix's Cyclically Adjusted PS Ratio too high?
Netflix's current Cyclically Adjusted PS Ratio of 9.81 is 40% below median its 10-year median of 16.47. Over the past 10 years, this metric has ranged from a low of 4.82 to a high of 31.87. The Media - Diversified industry median Cyclically Adjusted PS Ratio is 0.78. Netflix's value of 9.81 is 1157.7% above this industry median. Based on the distribution chart, Netflix ranks #708 out of 731 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Netflix has a GF Score™ of 92/100, reflecting its overall financial health beyond just this single metric.
How does Netflix's Cyclically Adjusted PS Ratio compare to DIS and WBD?
According to the Media - Diversified industry distribution chart, Netflix ranks #708 out of 731 companies for Cyclically Adjusted PS Ratio. This places Netflix in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.78. Netflix's value of 9.81 is 1157.7% above this benchmark. Historically, Netflix's own Cyclically Adjusted PS Ratio has ranged from 4.82 to 31.87 over the past decade. While the company's 10-year median is 16.47 vs. the industry median of 0.78, Netflix 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 a Media - Diversified company?
The median Cyclically Adjusted PS Ratio among Media - Diversified companies is 0.78, based on 731 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. Netflix's current Cyclically Adjusted PS Ratio of 9.81 is 1157.7% 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 Netflix and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PS Ratio is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netflix's current Cyclically Adjusted PS Ratio is 9.81, which is 40% below median its own 10-year median of 16.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netflix stock overvalued right now?
Netflix (UKEX:NFLX) has a current Cyclically Adjusted PS Ratio of 9.81. The stock's GF Value™ is ₴2,026.06, compared to a current price of ₴1,467.40 — trading 27.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 9.81, which is 40% below median its 10-year median of 16.47 and 1157.7% above the Media - Diversified industry median of 0.78. Netflix's overall GF Score™ is 92/100 with 1 warning sign 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 Netflix (UKEX:NFLX), the current Cyclically Adjusted PS Ratio is 9.81 as of Jul. 29, 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 Netflix (UKEX:NFLX) Overvalued in 2026?

Based on GuruFocus' analysis, Netflix stock appears to be undervalued. The current stock price of ₴1,467.40 is trading 27.6% below its estimated GF Value™ of ₴2,026.06.

Key valuation signals for UKEX:NFLX:

  • Cyclically Adjusted PS Ratio: 9.81 (40% below median its 10-year median of 16.47)
  • GF Value™: ₴2,026.06 vs. price of ₴1,467.40 (27.6% below fair value)
  • GF Score™: 92/100 with 1 warning sign
  • Industry Position: 1157.7% above the Media - Diversified median (#708 of 731)

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


Netflix Business Description

Address 121 Albright Way, Los Gatos, CA, USA, 95032
Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 300 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided a regular slate of live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm introduced ad-supported subscription plans in 2022, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
92GF Score

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

₴1,467.40
Price
₴2,026.06
GF Value