OCI NV (XAMS:OCI) Cyclically Adjusted PS Ratio: (As of Sep. 20, 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.

XAMS:OCI OCI NV XAMS:OCI
55 GF Score
Price €4.11
GF Value €11.88
Valuation Possible Value Trap
! 6 Warning Signs
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What is OCI NV Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


OCI NV  (XAMS:OCI) 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.


OCI NV Cyclically Adjusted PS Ratio Related Terms


OCI NV Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for OCI 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.

OCI NV Cyclically Adjusted PS Ratio Chart

OCI 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 1.60 2.25 1.83 0.77 0.22

OCI NV Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Jun25 Dec25
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 1.47 1.83 1.55 0.54 0.22

XAMS:OCI vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Agricultural Inputs subindustry, OCI 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.


OCI NV Cyclically Adjusted PS Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, OCI NV's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XAMS:OCI
55GF Score
OCI NV XAMS:OCI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

OCI 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.

OCI NV's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, OCI NV's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=4.561/135.4700*135.4700
=4.561

Current CPI (Dec25) = 135.4700.

OCI NV Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 8.237 100.710 11.080
201712 9.534 101.970 12.666
201812 13.176 103.970 17.168
201912 12.932 106.800 16.404
202012 14.532 107.850 18.254
202112 25.332 114.010 30.100
202212 16.702 124.940 18.110
202312 4.126 126.450 4.420
202412 4.260 131.630 4.384
202512 4.561 135.470 4.561

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 OCI NV (XAMS:OCI) Overvalued in 2026?

Based on GuruFocus' analysis, OCI NV stock appears to be undervalued. The current stock price of €4.11 is trading 65.4% below its estimated GF Value™ of €11.88. GuruFocus considers OCI NV to be Possible Value Trap.

Key valuation signals for XAMS:OCI:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €11.88 vs. price of €4.11 (65.4% below fair value)
  • GF Score™: 55/100 with 6 warning signs

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


OCI NV Business Description

Other Exchanges OCINF:USA0QGH:UKOIC:Germany
Address Honthorststraat 19, Amsterdam, NH, NLD, 1071
OCI NV manufactures and sells a variety of fertilizers and natural gas-based chemicals. The reportable segments are: Nitrogen Europe and Other. The Nitrogen Europe segment consists of OCI Nitrogen (OCIN) and OCI Terminal Europoort B.V. Nitrogen is an integrated nitrates fertilizer producer and melamine producer with a production site in Geleen, the Netherlands. The company generates the majority of its revenue from Europe.
55GF Score

Get the complete analysis for XAMS:OCI

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

€4.11
Price
€11.88
GF Value