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Oil and Gas Exploration and Production ADXBUL:NGAZ 67 Cyclically Adjusted PS Ratio is 1.20 as of Sep. 06, 2026, which is 59% below its 10-year median of 2.93. GuruFocus rates XBUL:NGAZ with a GF Score™ of 67/100 and a GF Value™ of €3.65 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 706 Oil & Gas companies, Oil and Gas Exploration and Production AD ranks worse than 52.12% on this metric.
XBUL:NGAZ's Cyclically Adjusted PS Ratio is ranked worse than 52.12% of 706
companies
in the Oil & Gas industry
Industry Median: 1.09
vs XBUL:NGAZ: 1.20
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.
Oil and Gas Exploration and Production AD's adjusted revenue per share data of for the fiscal year that ended in Dec25 was €1.593. 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 €1.80 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Oil and Gas Exploration and Production AD (XBUL:NGAZ) 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.
Oil and Gas Exploration and Production AD Cyclically Adjusted PS Ratio Related Terms
Oil and Gas Exploration and Production AD Cyclically Adjusted PS Ratio Historical Data
* 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.
Oil and Gas Exploration and Production AD Cyclically Adjusted PS Ratio Chart
Oil and Gas Exploration and Production AD Annual Data
XBUL:NGAZ vs COP, EOG, OXY: Cyclically Adjusted PS Ratio Comparison
For the Oil & Gas E&P subindustry, Oil and Gas Exploration and Production AD'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.
Oil and Gas Exploration and Production AD Cyclically Adjusted PS Ratio vs Oil & Gas Industry
Oil and Gas Exploration and Production AD 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.
* 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.
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 1.20 mean?
Oil and Gas Exploration and Production AD (XBUL:NGAZ) has a Cyclically Adjusted PS Ratio of 1.20 as of Sep. 06, 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 Oil and Gas Exploration and Production AD and its competitors. This is 59% below median its historical median of 2.93. Over the past decade, Oil and Gas Exploration and Production AD's Cyclically Adjusted PS Ratio has ranged from 0.85 to 4.93. According to the industry distribution chart, Oil and Gas Exploration and Production AD ranks #368 out of 706 companies in the Oil & Gas industry, placing it in the top 52.1%.
Is Oil and Gas Exploration and Production AD's Cyclically Adjusted PS Ratio too high?
Oil and Gas Exploration and Production AD's current Cyclically Adjusted PS Ratio of 1.20 is 59% below median its 10-year median of 2.93. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 4.93. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.09. Oil and Gas Exploration and Production AD's value of 1.20 is 10.1% above this industry median. Based on the distribution chart, Oil and Gas Exploration and Production AD ranks #368 out of 706 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Oil and Gas Exploration and Production AD has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oil and Gas Exploration and Production AD's Cyclically Adjusted PS Ratio compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Oil and Gas Exploration and Production AD ranks #368 out of 706 companies for Cyclically Adjusted PS Ratio. This places Oil and Gas Exploration and Production AD in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.09. Oil and Gas Exploration and Production AD's value of 1.20 is 10.1% above this benchmark. Historically, Oil and Gas Exploration and Production AD's own Cyclically Adjusted PS Ratio has ranged from 0.85 to 4.93 over the past decade. While the company's 10-year median is 2.93 vs. the industry median of 1.09, Oil and Gas Exploration and Production AD 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.09, based on 706 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. Oil and Gas Exploration and Production AD's current Cyclically Adjusted PS Ratio of 1.20 is 10.1% 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 Oil and Gas Exploration and Production AD and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oil and Gas Exploration and Production AD's current Cyclically Adjusted PS Ratio is 1.20, which is 59% below median its own 10-year median of 2.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oil and Gas Exploration and Production AD stock overvalued right now?
Based on GuruFocus' analysis, Oil and Gas Exploration and Production AD (XBUL:NGAZ) is currently considered Significantly Undervalued. The stock's GF Value™ is €3.65, compared to a current price of €2.16 — trading 40.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.20, which is 59% below median its 10-year median of 2.93 and 10.1% above the Oil & Gas industry median of 1.09. Oil and Gas Exploration and Production AD's overall GF Score™ is 67/100 with 4 warning signs 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 Oil and Gas Exploration and Production AD (XBUL:NGAZ), the current Cyclically Adjusted PS Ratio is 1.20 as of Sep. 06, 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 Oil and Gas Exploration and Production AD (XBUL:NGAZ) Overvalued in 2026?
Based on GuruFocus' analysis, Oil and Gas Exploration and Production AD stock appears to be undervalued.
The current stock price of €2.16 is trading 40.8% below its estimated GF Value™ of €3.65.
GuruFocus considers Oil and Gas Exploration and Production AD to be Significantly Undervalued.
Key valuation signals for XBUL:NGAZ:
Cyclically Adjusted PS Ratio: 1.20 (59% below median its 10-year median of 2.93)
GF Value™: €3.65 vs. price of €2.16 (40.8% below fair value)
Industry Position: 10.1% above the Oil & Gas median (#368 of 706)
No single metric tells the full story. See the XBUL:NGAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oil and Gas Exploration and Production AD is engaged in prospecting, exploration, development and exploitation of oil and gas fields, as well as processing of crude oil. Some of the services provided by the company - design and conducting of 2D and 3D seismic data acquisition, geological and geophysical data processing and interpretation, mud logging, drilling of exploration and production wells for mineralized water and geothermal energy, well logging, among others.
67GF Score
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