NTT System (WAR:NTT) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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.
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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.

WAR:NTT NTT System SA WAR:NTT
73 GF Score
Price zł16.00
GF Value zł6.80
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is NTT System Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


NTT System  (WAR:NTT) 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.


NTT System Cyclically Adjusted PS Ratio Related Terms


NTT System Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for NTT System'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.

NTT System Cyclically Adjusted PS Ratio Chart

NTT System 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 0.09 0.07 0.07 0.09 0.11

NTT System 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 0.10 0.12 0.11 0.11 0.12

WAR:NTT vs DELL, ANET, SNDK: Cyclically Adjusted PS Ratio Comparison

For the Computer Hardware subindustry, NTT System'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.


NTT System Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, NTT System's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WAR:NTT
73GF Score
NTT System SA WAR:NTT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NTT System 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.

NTT System's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, NTT System'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)
=21.287/163.0700*163.0700
=21.287

Current CPI (Mar. 2026) = 163.0700.

NTT System Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 10.414 99.552 17.058
201609 10.370 99.064 17.070
201612 13.074 100.366 21.242
201703 8.984 101.018 14.503
201706 6.455 101.180 10.403
201709 7.749 101.343 12.469
201712 10.726 102.564 17.054
201803 4.847 102.564 7.706
201806 5.437 103.378 8.576
201809 7.738 103.378 12.206
201812 10.192 103.785 16.014
201903 7.109 104.274 11.118
201906 10.122 105.983 15.574
201909 9.462 105.983 14.559
201912 12.954 107.123 19.720
202003 9.001 109.076 13.457
202006 12.356 109.402 18.417
202009 15.675 109.320 23.382
202012 21.341 109.565 31.763
202103 17.387 112.658 25.167
202106 16.652 113.960 23.828
202109 20.779 115.588 29.315
202112 30.225 119.088 41.388
202203 22.240 125.031 29.006
202206 21.682 131.705 26.845
202209 22.419 135.531 26.974
202212 25.609 139.113 30.019
202303 23.790 145.950 26.581
202306 26.366 147.009 29.247
202309 33.677 146.113 37.585
202312 38.616 147.741 42.623
202403 22.295 149.044 24.393
202406 22.025 150.997 23.786
202409 31.997 153.439 34.005
202412 33.610 154.660 35.438
202503 18.611 157.021 19.328
202506 19.502 157.509 20.191
202509 21.432 158.000 22.120
202512 42.997 158.320 44.287
202603 21.287 163.070 21.287

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 NTT System (WAR:NTT) Overvalued in 2026?

Based on GuruFocus' analysis, NTT System stock appears to be overvalued. The current stock price of zł16.00 is trading 135.3% above its estimated GF Value™ of zł6.80. GuruFocus considers NTT System to be Significantly Overvalued.

Key valuation signals for WAR:NTT:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: zł6.80 vs. price of zł16.00 (135.3% above fair value)
  • GF Score™: 73/100 with 6 warning signs

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


NTT System Business Description

Address Zakret Street Trakt Brzeski 89, Wesola, Warsaw, POL, 05-077
NTT System SA is a manufacturer of desktop computers, supplied both private label and brand commissioned. It is one of the distributors of accessories, components, and peripherals in Poland. The company serves institutional, individual and business clients. It offers news and promotion, servers, computers, e-sport system, tablets, inks and toners, and accessories.
73GF Score

Get the complete analysis for WAR:NTT

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

zł16.00
Price
zł6.80
GF Value