Nepal Bank (XNEP:NBL) Cyclically Adjusted PS Ratio: 3.39 (As of Sep. 02, 2026) — Near Median

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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
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.

XNEP:NBL Nepal Bank Ltd XNEP:NBL
84 GF Score
Price NPR271.00
GF Value NPR294.16
Valuation Fairly Valued
! 2 Warning Signs
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What is Nepal Bank Cyclically Adjusted PS Ratio?

Nepal Bank XNEP:NBL +0.37% 84 Cyclically Adjusted PS Ratio is 3.39 as of Sep. 02, 2026, which is 9% above its 10-year median of 3.12. GuruFocus rates XNEP:NBL with a GF Score™ of 84/100 and a GF Value™ of NPR294.16 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,302 Banks companies, Nepal Bank ranks better than 50.31% on this metric.

As of today (2026-09-02), Nepal Bank's current share price is NPR271.00. Nepal Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was NPR79.88. Nepal Bank's Cyclically Adjusted PS Ratio for today is 3.39.

The historical rank and industry rank for Nepal Bank's Cyclically Adjusted PS Ratio or its related term are showing as below:

XNEP:NBL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.37   Med: 3.12   Max: 4.16
Current: 3.41

During the past years, Nepal Bank's highest Cyclically Adjusted PS Ratio was 4.16. The lowest was 2.37. And the median was 3.12.

XNEP:NBL's Cyclically Adjusted PS Ratio is ranked better than
50.31% of 1302 companies
in the Banks industry
Industry Median: 3.41 vs XNEP:NBL: 3.41

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.

Nepal Bank's adjusted revenue per share data for the three months ended in Apr. 2026 was NPR23.342. 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 NPR79.88 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nepal Bank  (XNEP:NBL) 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.


Nepal Bank Cyclically Adjusted PS Ratio Related Terms


Nepal Bank Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nepal Bank'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.

Nepal Bank Cyclically Adjusted PS Ratio Chart

Nepal Bank Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 2.90 3.46 3.65 3.70

Nepal Bank Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 3.14 3.70 3.12 3.05 3.36

Nepal Bank Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Nepal Bank'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.


Nepal Bank Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Nepal Bank's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XNEP:NBL
84GF Score
Nepal Bank Ltd XNEP:NBL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nepal Bank 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.

Nepal Bank's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=271.00/79.88
=3.39

* 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.

Nepal Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Nepal Bank's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=23.342/333.0200*333.0200
=23.342

Current CPI (Apr. 2026) = 333.0200.

Nepal Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 3.700 240.628 5.121
201610 14.088 241.729 19.408
201701 16.851 242.839 23.109
201704 39.171 244.524 53.347
201707 11.986 244.786 16.306
201710 12.639 246.663 17.064
201801 33.858 247.867 45.490
201804 17.294 250.546 22.987
201807 12.314 252.006 16.273
201810 16.650 252.885 21.926
201901 16.511 251.712 21.844
201904 12.442 255.548 16.214
201907 13.014 256.571 16.892
201910 11.041 257.346 14.288
202001 12.056 257.971 15.563
202004 12.553 256.389 16.305
202007 13.157 259.101 16.911
202010 12.278 260.388 15.703
202101 12.525 261.582 15.946
202104 16.026 267.054 19.985
202107 14.901 273.003 18.177
202110 14.143 276.589 17.029
202201 11.775 281.148 13.947
202204 18.449 289.109 21.251
202207 15.413 296.276 17.325
202210 14.679 298.012 16.403
202301 15.347 299.170 17.083
202304 20.244 303.363 22.223
202307 22.048 305.691 24.019
202310 18.031 307.671 19.517
202401 18.834 308.417 20.336
202404 17.536 313.548 18.625
202407 15.880 314.540 16.813
202410 18.017 315.664 19.008
202501 18.974 317.671 19.891
202504 21.323 320.795 22.136
202507 22.971 323.048 23.680
202510 20.314 0.000
202601 16.089 325.252 16.473
202604 23.342 333.020 23.342

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.

What does a Cyclically Adjusted PS Ratio of 3.39 mean?
Nepal Bank (XNEP:NBL) has a Cyclically Adjusted PS Ratio of 3.39 as of Sep. 02, 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 Nepal Bank and its competitors. This is near median its historical median of 3.12. Over the past decade, Nepal Bank's Cyclically Adjusted PS Ratio has ranged from 2.37 to 4.16. According to the industry distribution chart, Nepal Bank ranks #647 out of 1302 companies in the Banks industry, placing it in the top 49.7%.
Is Nepal Bank's Cyclically Adjusted PS Ratio too high?
Nepal Bank's current Cyclically Adjusted PS Ratio of 3.39 is near median its 10-year median of 3.12. Over the past 10 years, this metric has ranged from a low of 2.37 to a high of 4.16. The Banks industry median Cyclically Adjusted PS Ratio is 3.41. Nepal Bank's value of 3.39 is 0.6% below this industry median. Based on the distribution chart, Nepal Bank ranks #647 out of 1302 companies in the Banks industry, which is above the industry midpoint. Overall, Nepal Bank has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nepal Bank's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, Nepal Bank ranks #647 out of 1302 companies for Cyclically Adjusted PS Ratio. This puts Nepal Bank in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.41. Nepal Bank's value of 3.39 is 0.6% below this benchmark. Historically, Nepal Bank's own Cyclically Adjusted PS Ratio has ranged from 2.37 to 4.16 over the past decade. While the company's 10-year median is 3.12 vs. the industry median of 3.41, Nepal Bank has consistently been below 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 a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.41, based on 1,302 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. Nepal Bank's current Cyclically Adjusted PS Ratio of 3.39 is 0.6% below 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 Nepal Bank and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nepal Bank's current Cyclically Adjusted PS Ratio is 3.39, which is near median its own 10-year median of 3.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nepal Bank stock overvalued right now?
Based on GuruFocus' analysis, Nepal Bank (XNEP:NBL) is currently considered Fairly Valued. The stock's GF Value™ is NPR294.16, compared to a current price of NPR271.00 — trading 7.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.39, which is near median its 10-year median of 3.12 and 0.6% below the Banks industry median of 3.41. Nepal Bank's overall GF Score™ is 84/100 with 2 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 Nepal Bank (XNEP:NBL), the current Cyclically Adjusted PS Ratio is 3.39 as of Sep. 02, 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 Nepal Bank (XNEP:NBL) Overvalued in 2026?

Based on GuruFocus' analysis, Nepal Bank stock appears to be undervalued. The current stock price of NPR271.00 is trading 7.9% below its estimated GF Value™ of NPR294.16. GuruFocus considers Nepal Bank to be Fairly Valued.

Key valuation signals for XNEP:NBL:

  • Cyclically Adjusted PS Ratio: 3.39 (near median its 10-year median of 3.12)
  • GF Value™: NPR294.16 vs. price of NPR271.00 (7.9% below fair value)
  • GF Score™: 84/100 with 2 warning signs
  • Industry Position: 0.6% below the Banks median (#647 of 1302)

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


Nepal Bank Business Description

Address Dharmapath, Newroad, G.P.O, Box: 36, Kathmandu, NPL
Nepal Bank Ltd is engaged in providing banking products and services. It offers products and services such as deposits and accounts services, loans and advances to corporate and consumers, remittance services, and products. The bank operates in the segments of Banking, Treasury, Remittance, and Government. It derives maximum revenue from the Banking segment, which involves functions like collecting deposits and lending activities, among other similar activities. It provides banking through its branch offices in different geographical locations within the country.
84GF Score

Get the complete analysis for XNEP:NBL

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

NPR271.00
Price
NPR294.16
GF Value