Euronext NV (XAMS:ENX) Cyclically Adjusted PS Ratio: (As of Jul. 30, 2026)

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

What is Euronext NV 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


Euronext NV  (XAMS:ENX) 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.


Euronext NV Cyclically Adjusted PS Ratio Related Terms


Euronext NV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Euronext NV'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.

Euronext NV Cyclically Adjusted PS Ratio Chart

Euronext NV 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 9.90 6.61 7.12 8.86 9.53

Euronext NV 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 10.61 11.25 9.60 9.53 9.98

XAMS:ENX vs SPGI, CME, ICE: Cyclically Adjusted PS Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, Euronext NV'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.


Euronext NV Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Euronext NV's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Euronext NV 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.

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

For example, Euronext NV'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)
=5.065/136.9100*136.9100
=5.065

Current CPI (Mar. 2026) = 136.9100.

Euronext NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.715 100.260 2.342
201609 1.473 100.570 2.005
201612 1.629 100.710 2.215
201703 1.657 101.440 2.236
201706 1.786 101.370 2.412
201709 1.686 102.030 2.262
201712 1.821 101.970 2.445
201803 1.968 102.470 2.629
201806 2.035 103.100 2.702
201809 1.971 103.950 2.596
201812 2.063 103.970 2.717
201903 1.987 105.370 2.582
201906 2.080 105.840 2.691
201909 2.376 106.700 3.049
201912 2.423 106.800 3.106
202003 3.078 106.850 3.944
202006 2.763 107.510 3.519
202009 2.683 107.880 3.405
202012 3.048 107.850 3.869
202103 3.267 108.870 4.108
202106 3.444 109.670 4.299
202109 3.782 110.790 4.674
202112 2.990 114.010 3.591
202203 3.708 119.460 4.250
202206 3.465 119.050 3.985
202209 2.827 126.890 3.050
202212 3.227 124.940 3.536
202303 3.478 124.720 3.818
202306 3.428 125.830 3.730
202309 3.370 127.160 3.628
202312 3.548 126.450 3.841
202403 3.862 128.580 4.112
202406 3.967 129.910 4.181
202409 3.805 131.610 3.958
202412 3.993 131.630 4.153
202503 4.488 133.330 4.609
202506 4.558 133.960 4.658
202509 4.265 135.920 4.296
202512 4.470 135.270 4.524
202603 5.065 136.910 5.065

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.


Euronext NV Business Description

Address Beursplein 5, Amsterdam, NLD, 1012 JW
Euronext is a financial exchange group with trading venues in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, and Paris, covering primarily cash equities, fixed income, and index and single stock derivatives. With the acquisition of Borsa Italiana, Euronext has also taken control of CC&G, the Italian multi-asset clearing house, as well as Monte Titoli, the Italian central securities depository. This complements Euronext's other CSDs in Norway, Denmark and Portugal. Euronext is the owner of the CAC40, AEX, BEL 20, ISEQ 20, OBX, and PSI 20 indexes.