INA-Industrija Nafte DD (ZAG:INA) Cyclically Adjusted PS Ratio: (As of Jul. 31, 2026)

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ZAG:INA INA-Industrija Nafte DD ZAG:INA
67 GF Score
Price €515.00
GF Value €518.81
Valuation Fairly Valued
! 7 Warning Signs
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What is INA-Industrija Nafte DD Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


INA-Industrija Nafte DD  (ZAG:INA) 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.


INA-Industrija Nafte DD Cyclically Adjusted PS Ratio Related Terms


INA-Industrija Nafte DD Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for INA-Industrija Nafte DD'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.

INA-Industrija Nafte DD Cyclically Adjusted PS Ratio Chart

INA-Industrija Nafte DD 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 10.75 9.91 1.44 1.33 1.37

INA-Industrija Nafte DD 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 1.41 1.41 1.37 1.33 0.00

ZAG:INA vs MPC, VLO, PSX: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, INA-Industrija Nafte DD'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.


INA-Industrija Nafte DD Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, INA-Industrija Nafte DD's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where INA-Industrija Nafte DD's Cyclically Adjusted PS Ratio falls into.


ZAG:INA
67GF Score
INA-Industrija Nafte DD ZAG:INA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

INA-Industrija Nafte DD 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.

INA-Industrija Nafte DD's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, INA-Industrija Nafte DD'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)
=136.195/333.9520*333.9520
=136.195

Current CPI (Jun. 2026) = 333.9520.

INA-Industrija Nafte DD Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 62.410 241.428 86.328
201612 59.756 241.432 82.655
201703 51.467 243.801 70.498
201706 61.423 244.955 83.739
201709 68.034 246.819 92.052
201712 69.817 246.524 94.577
201803 49.717 249.554 66.531
201806 78.427 251.989 103.936
201809 90.662 252.439 119.937
201812 82.460 251.233 109.610
201903 57.182 254.202 75.122
201906 74.911 256.143 97.667
201909 91.142 256.759 118.543
201912 80.015 256.974 103.984
202003 51.753 258.115 66.959
202006 41.345 257.797 53.559
202009 54.712 260.280 70.198
202012 43.157 260.474 55.331
202103 51.251 264.877 64.616
202106 69.559 271.696 85.498
202109 91.721 274.310 111.663
202112 78.286 278.802 93.772
202203 80.890 287.504 93.958
202206 127.478 296.311 143.672
202209 154.637 296.808 173.989
202212 109.622 296.797 123.345
202303 76.476 301.836 84.613
202306 90.881 305.109 99.472
202309 121.997 307.789 132.367
202312 100.569 306.746 109.489
202403 81.496 312.332 87.137
202406 94.889 314.175 100.862
202409 115.178 315.301 121.991
202412 98.250 315.605 103.962
202503 91.606 319.799 95.660
202506 92.832 322.561 96.110
202509 108.981 324.800 112.052
202512 90.814 324.054 93.588
202603 87.670 330.213 88.663
202606 136.195 333.952 136.195

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 INA-Industrija Nafte DD (ZAG:INA) Overvalued in 2026?

Based on GuruFocus' analysis, INA-Industrija Nafte DD stock appears to be undervalued. The current stock price of €515.00 is trading 0.7% below its estimated GF Value™ of €518.81. GuruFocus considers INA-Industrija Nafte DD to be Fairly Valued.

Key valuation signals for ZAG:INA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €518.81 vs. price of €515.00 (0.7% below fair value)
  • GF Score™: 67/100 with 7 warning signs

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


INA-Industrija Nafte DD Business Description

Industry EnergyOil & Gas
Address Avenija Veceslava, Holjevca 10, Zagreb, HRV, 10 020
INA-Industrija Nafte DD is a medium-sized European oil and gas company. It is engaged in exploration and production of oil and gas deposits, import of natural gas and sale of imported and domestically produced natural gas to industrial consumers and municipal gas distributors, refining and production of oil products through refineries located at Rijeka and Sisak, and Zagreb lubricants plants. Its segments are Exploration and Production of Oil & Gas; Refining & Marketing; Corporate and other. Exploration and Production of Oil & Gas segment include exploration, production, and selling of crude oil and natural gas. Refining & Marketing segment includes crude oil processing, wholesale of refinery products, trading, and logistics.
67GF Score

Get the complete analysis for ZAG:INA

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

€515.00
Price
€518.81
GF Value