Nutrien (FRA:N7T) Cyclically Adjusted Revenue per Share: €39.24 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

FRA:N7T Nutrien Ltd FRA:N7T
73 GF Score
Price €60.50
GF Value €47.67
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Nutrien Cyclically Adjusted Revenue per Share?

Nutrien FRA:N7T +2.54% 73 Cyclically Adjusted Revenue per Share is €39.24 as of Mar. 2026. GuruFocus rates FRA:N7T with a GF Score™ of 73/100 and a GF Value™ of €47.67 (Modestly Overvalued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 for the three months ended in Mar. 2026 was €10.858. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €39.24 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Nutrien's average Cyclically Adjusted Revenue Growth Rate was 11.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 15.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 12.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Nutrien was 21.00% per year. The lowest was 4.10% per year. And the median was 9.40% per year.

As of today (2026-07-29), Nutrien's current stock price is €60.50. Nutrien's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €39.24. Nutrien's Cyclically Adjusted PS Ratio of today is 1.54.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Nutrien was 3.84. The lowest was 1.16. And the median was 2.33.


Nutrien  (FRA:N7T) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=60.50/39.24
=1.54

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Nutrien was 3.84. The lowest was 1.16. And the median was 2.33.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Nutrien Cyclically Adjusted Revenue per Share Related Terms


Nutrien Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Nutrien's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Nutrien Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.61 30.24 34.32 36.42 38.35

Nutrien Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 36.86 36.90 36.27 38.35 39.24

FRA:N7T vs CTVA, CF, MOS: Cyclically Adjusted Revenue per Share 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.


FRA:N7T
73GF Score
Nutrien Ltd FRA:N7T
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nutrien Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=10.858/132.2623*132.2623
=10.858

Current CPI (Mar. 2026) = 132.2623.

Nutrien Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.790 102.002 3.618
201609 3.012 101.765 3.915
201612 2.986 101.449 3.893
201703 3.094 102.634 3.987
201706 2.966 103.029 3.808
201709 3.080 103.345 3.942
201712 2.716 103.345 3.476
201803 4.622 105.004 5.822
201806 10.994 105.557 13.775
201809 5.561 105.636 6.963
201812 5.565 105.399 6.983
201903 5.459 106.979 6.749
201906 13.211 107.690 16.225
201909 6.598 107.611 8.109
201912 5.498 107.769 6.748
202003 6.652 107.927 8.152
202006 13.154 108.401 16.049
202009 6.305 108.164 7.710
202012 5.851 108.559 7.129
202103 6.854 110.298 8.219
202106 14.167 111.720 16.772
202109 8.948 112.905 10.482
202112 11.284 113.774 13.118
202203 12.535 117.646 14.092
202206 24.875 120.806 27.234
202209 15.424 120.648 16.909
202212 13.736 120.964 15.019
202303 11.357 122.702 12.242
202306 21.690 124.203 23.097
202309 10.658 125.230 11.256
202312 10.496 125.072 11.099
202403 10.020 126.258 10.497
202406 19.064 127.522 19.773
202409 9.737 127.285 10.118
202412 9.840 127.364 10.218
202503 9.637 129.181 9.867
202506 18.560 129.892 18.899
202509 10.536 130.287 10.696
202512 9.438 130.366 9.575
202603 10.858 132.262 10.858

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €39.24 mean?
Nutrien (FRA:N7T) has a Cyclically Adjusted Revenue per Share of €39.24 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Nutrien and its competitors.
Is Nutrien's Cyclically Adjusted Revenue per Share too high?
Nutrien's current Cyclically Adjusted Revenue per Share is €39.24. Overall, Nutrien has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nutrien's Cyclically Adjusted Revenue per Share compare to CTVA and CF?
Nutrien's Cyclically Adjusted Revenue per Share of €39.24 can be compared against companies in the Agriculture industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for an Agriculture company?
A good Cyclically Adjusted Revenue per Share depends on the Agriculture industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Nutrien and its competitors. Nutrien's current Cyclically Adjusted Revenue per Share is €39.24. 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 (FRA:N7T) is currently considered Modestly Overvalued. The stock's GF Value™ is €47.67, compared to a current price of €60.50 — trading 26.9% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €39.24. Nutrien's overall GF Score™ is 73/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Nutrien (FRA:N7T), the current Cyclically Adjusted Revenue per Share is €39.24 as of Mar. 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 (FRA:N7T) Overvalued in 2026?

Based on GuruFocus' analysis, Nutrien stock appears to be overvalued. The current stock price of €60.50 is trading 26.9% above its estimated GF Value™ of €47.67. GuruFocus considers Nutrien to be Modestly Overvalued.

Key valuation signals for FRA:N7T:

  • Cyclically Adjusted Revenue per Share: €39.24
  • GF Value™: €47.67 vs. price of €60.50 (26.9% above fair value)
  • GF Score™: 73/100 with 2 warning signs

No single metric tells the full story. See the FRA:N7T 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.
73GF Score

Get the complete analysis for FRA:N7T

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

€60.50
Price
€47.67
GF Value