NKT AS (WBO:NKT) Cyclically Adjusted PS Ratio: (As of Aug. 09, 2026)

Author: Vera Yuan Vera Yuan
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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.

WBO:NKT NKT AS WBO:NKT
62 GF Score
Price €123.30
GF Value €88.87
Valuation Significantly Overvalued
! 5 Warning Signs
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What is NKT AS Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


NKT AS  (WBO:NKT) 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.


NKT AS Cyclically Adjusted PS Ratio Related Terms


NKT AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for NKT AS'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.

NKT AS Cyclically Adjusted PS Ratio Chart

NKT AS 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 0.73 0.89 1.22 1.40 2.07

NKT AS 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 1.27 1.41 1.71 2.07 2.12

WBO:NKT vs VRT, BE, HUBB: Cyclically Adjusted PS Ratio Comparison

For the Electrical Equipment & Parts subindustry, NKT AS'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.


NKT AS Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, NKT AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WBO:NKT
62GF Score
NKT AS WBO:NKT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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NKT AS 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.

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

For example, NKT AS'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)
=16.386/121.6800*121.6800
=16.386

Current CPI (Mar. 2026) = 121.6800.

NKT AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 9.993 100.600 12.087
201609 8.782 100.200 10.665
201612 8.171 100.300 9.913
201703 9.049 101.200 10.880
201706 12.017 101.200 14.449
201709 11.269 101.800 13.470
201712 11.875 101.300 14.264
201803 11.786 101.700 14.101
201806 12.691 102.300 15.095
201809 11.053 102.400 13.134
201812 9.909 102.100 11.809
201903 9.088 102.900 10.747
201906 10.620 102.900 12.558
201909 9.950 102.900 11.766
201912 10.925 102.900 12.919
202003 10.761 103.300 12.676
202006 10.608 103.200 12.508
202009 9.099 103.500 10.697
202012 7.982 103.400 9.393
202103 9.178 104.300 10.707
202106 15.074 105.000 17.469
202109 10.249 105.800 11.787
202112 9.319 106.600 10.637
202203 10.452 109.900 11.572
202206 12.360 113.600 13.239
202209 10.385 116.400 10.856
202212 10.390 115.900 10.908
202303 14.160 117.300 14.689
202306 14.423 116.400 15.077
202309 11.496 117.400 11.915
202312 10.968 116.700 11.436
202403 13.410 118.400 13.781
202406 15.038 118.500 15.442
202409 15.564 118.900 15.928
202412 16.304 118.900 16.685
202503 15.500 120.200 15.691
202506 16.676 120.700 16.811
202509 17.280 121.600 17.291
202512 15.350 121.200 15.411
202603 16.386 121.680 16.386

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 NKT AS (WBO:NKT) Overvalued in 2026?

Based on GuruFocus' analysis, NKT AS stock appears to be overvalued. The current stock price of €123.30 is trading 38.7% above its estimated GF Value™ of €88.87. GuruFocus considers NKT AS to be Significantly Overvalued.

Key valuation signals for WBO:NKT:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €88.87 vs. price of €123.30 (38.7% above fair value)
  • GF Score™: 62/100 with 5 warning signs

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


NKT AS Business Description

Address Amerika Plads 29, Copenhagen, DNK, 2100
NKT AS is a Denmark-based provider of cable technology. The company, along with its subsidiaries, operates in the following segments; Solutions, Applications, and Service & Accessories. Maximum revenue is generated from the Solutions segment which caters to the high-voltage power cable market and is involved in the manufacturing and installation of high-voltage cables and products for onshore power transmission and distribution, power-from-shore, cable projects, offshore wind connections, and other projects. This segment also owns and operates a cable-laying vessel, NKT Victoria. Geographically, the company generates maximum revenue from Germany followed by the United States of America, the United Kingdom, Poland, Norway, Denmark, and other regions.
62GF Score

Get the complete analysis for WBO:NKT

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

€123.30
Price
€88.87
GF Value