Naturgy Energy Group (XMAD:NTGY) Cyclically Adjusted PS Ratio: (As of Sep. 15, 2026)

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XMAD:NTGY Naturgy Energy Group SA XMAD:NTGY
61 GF Score
Price €28.94
GF Value €20.87
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Naturgy Energy Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Naturgy Energy Group  (XMAD:NTGY) 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.


Naturgy Energy Group Cyclically Adjusted PS Ratio Related Terms


Naturgy Energy Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Naturgy Energy Group'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.

Naturgy Energy Group Cyclically Adjusted PS Ratio Chart

Naturgy Energy Group 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 1.15 0.91 1.00 0.87 0.98

Naturgy Energy Group Quarterly Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.73 0.87 0.99 0.98 1.02

XMAD:NTGY vs ATO, NI, UGI: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Gas subindustry, Naturgy Energy Group'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.


Naturgy Energy Group Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Naturgy Energy Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Naturgy Energy Group's Cyclically Adjusted PS Ratio falls into.


XMAD:NTGY
61GF Score
Naturgy Energy Group SA XMAD:NTGY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Naturgy Energy Group 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.

Naturgy Energy Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Naturgy Energy Group's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=5.391/131.3300*131.3300
=5.391

Current CPI (Jun. 2026) = 131.3300.

Naturgy Energy Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200312 0.000 79.535 0.000
200412 0.000 82.101 0.000
200512 0.000 85.168 0.000
200612 0.000 87.438 0.000
200712 0.000 91.129 0.000
200812 0.000 92.434 0.000
200906 4.727 92.723 6.695
200912 5.379 93.169 7.582
201006 4.715 94.114 6.579
201012 5.790 95.953 7.925
201106 5.238 97.111 7.084
201112 6.045 98.235 8.082
201206 5.998 98.952 7.961
201212 6.512 101.052 8.463
201306 5.878 100.994 7.644
201312 6.045 101.306 7.837
201406 12.146 101.081 15.781
201412 12.568 100.251 16.464
201506 13.676 101.138 17.759
201512 5.969 100.268 7.818
201606 5.451 100.333 7.135
201612 6.438 101.842 8.302
201706 5.476 101.848 7.061
201712 6.120 102.975 7.805
201806 5.766 104.165 7.270
201812 6.759 104.193 8.519
201906 5.362 104.612 6.731
201912 3.823 105.015 4.781
202006 3.422 104.254 4.311
202012 2.654 104.456 3.337
202106 4.625 107.102 5.671
202112 7.891 111.298 9.311
202206 8.946 118.044 9.953
202306 12.544 120.278 13.697
202312 10.995 121.300 11.904
202406 9.442 124.409 9.967
202412 10.613 124.753 11.172
202506 4.681 127.251 4.831
202512 5.256 128.400 5.376
202606 5.391 131.330 5.391

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 Naturgy Energy Group (XMAD:NTGY) Overvalued in 2026?

Based on GuruFocus' analysis, Naturgy Energy Group stock appears to be overvalued. The current stock price of €28.94 is trading 38.7% above its estimated GF Value™ of €20.87. GuruFocus considers Naturgy Energy Group to be Significantly Overvalued.

Key valuation signals for XMAD:NTGY:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €20.87 vs. price of €28.94 (38.7% above fair value)
  • GF Score™: 61/100 with 7 warning signs

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


Naturgy Energy Group Business Description

Address Avenida de America 38, Madrid, ESP
Naturgy stems from the 2008 acquisition of Union Fenosa. The company operates across the gas value chain, from procurement to distribution and marketing. It owns and operates the largest gas distribution network in Spain, where it is also the leading retail gas supplier. The company additionally operates gas and electricity distribution networks across several Latin American countries. It owns 17.9 GW of generation capacity, including 7.3 GW of wind and solar.
61GF Score

Get the complete analysis for XMAD:NTGY

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

€28.94
Price
€20.87
GF Value