Nutrien (XSWX:NTR) Cyclically Adjusted PS Ratio: 1.47 (As of Aug. 16, 2026) — 37% Below Median

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XSWX:NTR Nutrien Ltd XSWX:NTR
50 GF Score
Price CHF54.95
GF Value CHF45.47
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Nutrien Cyclically Adjusted PS Ratio?

Nutrien XSWX:NTR +0.90% 50 Cyclically Adjusted PS Ratio is 1.47 as of Aug. 16, 2026, which is 37% below its 10-year median of 2.32. GuruFocus rates XSWX:NTR with a GF Score™ of 50/100 and a GF Value™ of CHF45.47 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 201 Agriculture companies, Nutrien ranks worse than 62.19% on this metric.

As of today (2026-08-16), Nutrien's current share price is CHF54.95. Nutrien's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was CHF37.42. Nutrien's Cyclically Adjusted PS Ratio for today is 1.47.

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

XSWX:NTR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.16   Med: 2.32   Max: 3.84
Current: 1.42

During the past years, Nutrien's highest Cyclically Adjusted PS Ratio was 3.84. The lowest was 1.16. And the median was 2.32.

XSWX:NTR's Cyclically Adjusted PS Ratio is ranked worse than
62.19% of 201 companies
in the Agriculture industry
Industry Median: 1.01 vs XSWX:NTR: 1.42

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.

Nutrien's adjusted revenue per share data for the three months ended in Jun. 2026 was CHF18.011. 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 CHF37.42 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nutrien  (XSWX:NTR) 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.


Nutrien Cyclically Adjusted PS Ratio Related Terms


Nutrien Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nutrien'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.

Nutrien Cyclically Adjusted PS Ratio Chart

Nutrien 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 2.70 2.26 1.48 1.16 1.38

Nutrien Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 1.34 1.35 1.38 1.66 1.34

XSWX:NTR vs CTVA, CF, MOS: Cyclically Adjusted PS Ratio Comparison

For the Agricultural Inputs subindustry, Nutrien'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.


Nutrien Cyclically Adjusted PS Ratio vs Agriculture Industry

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

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


XSWX:NTR
50GF Score
Nutrien Ltd XSWX:NTR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nutrien 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.

Nutrien's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=54.95/37.42
=1.47

* 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.

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

For example, Nutrien'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)
=18.011/133.5265*133.5265
=18.011

Current CPI (Jun. 2026) = 133.5265.

Nutrien Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.290 101.765 4.317
201612 3.211 101.449 4.226
201703 3.314 102.634 4.312
201706 3.227 103.029 4.182
201709 3.534 103.345 4.566
201712 3.173 103.345 4.100
201803 5.403 105.004 6.871
201806 12.715 105.557 16.084
201809 6.283 105.636 7.942
201812 6.280 105.399 7.956
201903 6.171 106.979 7.702
201906 14.748 107.690 18.286
201909 7.199 107.611 8.933
201912 6.003 107.769 7.438
202003 7.051 107.927 8.723
202006 14.092 108.401 17.358
202009 6.795 108.164 8.388
202012 6.323 108.559 7.777
202103 7.586 110.298 9.184
202106 15.495 111.720 18.519
202109 9.715 112.905 11.489
202112 11.743 113.774 13.782
202203 12.831 117.646 14.563
202206 25.512 120.806 28.198
202209 14.864 120.648 16.451
202212 13.556 120.964 14.964
202303 11.254 122.702 12.247
202306 21.159 124.203 22.747
202309 10.232 125.230 10.910
202312 9.898 125.072 10.567
202403 9.678 126.258 10.235
202406 18.341 127.522 19.205
202409 9.156 127.285 9.605
202412 9.187 127.364 9.632
202503 9.205 129.181 9.515
202506 17.408 129.892 17.895
202509 9.844 130.287 10.089
202512 8.807 130.366 9.021
202603 9.883 132.262 9.977
202606 18.011 133.527 18.011

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 1.47 mean?
Nutrien (XSWX:NTR) has a Cyclically Adjusted PS Ratio of 1.47 as of Aug. 16, 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 Nutrien and its competitors. This is 37% below median its historical median of 2.32. Over the past decade, Nutrien's Cyclically Adjusted PS Ratio has ranged from 1.16 to 3.84. According to the industry distribution chart, Nutrien ranks #125 out of 201 companies in the Agriculture industry, placing it in the top 62.2%.
Is Nutrien's Cyclically Adjusted PS Ratio too high?
Nutrien's current Cyclically Adjusted PS Ratio of 1.47 is 37% below median its 10-year median of 2.32. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 3.84. The Agriculture industry median Cyclically Adjusted PS Ratio is 1.01. Nutrien's value of 1.47 is 45.5% above this industry median. Based on the distribution chart, Nutrien ranks #125 out of 201 companies in the Agriculture industry, which is below the industry midpoint. Overall, Nutrien has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nutrien's Cyclically Adjusted PS Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, Nutrien ranks #125 out of 201 companies for Cyclically Adjusted PS Ratio. This places Nutrien in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.01. Nutrien's value of 1.47 is 45.5% above this benchmark. Historically, Nutrien's own Cyclically Adjusted PS Ratio has ranged from 1.16 to 3.84 over the past decade. While the company's 10-year median is 2.32 vs. the industry median of 1.01, Nutrien 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 Agriculture company?
The median Cyclically Adjusted PS Ratio among Agriculture companies is 1.01, based on 201 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. Nutrien's current Cyclically Adjusted PS Ratio of 1.47 is 45.5% 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 Nutrien and its competitors. For the Agriculture industry, the median Cyclically Adjusted PS Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nutrien's current Cyclically Adjusted PS Ratio is 1.47, which is 37% below median its own 10-year median of 2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nutrien stock overvalued right now?
Based on GuruFocus' analysis, Nutrien (XSWX:NTR) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF45.47, compared to a current price of CHF54.95 — trading 20.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.47, which is 37% below median its 10-year median of 2.32 and 45.5% above the Agriculture industry median of 1.01. Nutrien's overall GF Score™ is 50/100 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 Nutrien (XSWX:NTR), the current Cyclically Adjusted PS Ratio is 1.47 as of Aug. 16, 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 Nutrien (XSWX:NTR) Overvalued in 2026?

Based on GuruFocus' analysis, Nutrien stock appears to be overvalued. The current stock price of CHF54.95 is trading 20.8% above its estimated GF Value™ of CHF45.47. GuruFocus considers Nutrien to be Modestly Overvalued.

Key valuation signals for XSWX:NTR:

  • Cyclically Adjusted PS Ratio: 1.47 (37% below median its 10-year median of 2.32)
  • GF Value™: CHF45.47 vs. price of CHF54.95 (20.8% above fair value)
  • GF Score™: 50/100 with 2 warning signs
  • Industry Position: 45.5% above the Agriculture median (#125 of 201)

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


Nutrien Business Description

Address 211 19th Street East, Suite 1700, Saskatoon, SK, CAN, S7K 5R6
Created in 2018 as a result of the merger between PotashCorp and Agrium, Nutrien is the world's largest fertilizer producer by capacity. Nutrien produces the three main crop nutrients—nitrogen, potash, and phosphate—although its main focus is potash, where it is the global leader in installed capacity with a roughly 20% market share. The company is also the largest agricultural retailer in North America and Australia, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.
50GF Score

Get the complete analysis for XSWX:NTR

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

CHF54.95
Price
CHF45.47
GF Value