National Petroleum Services Co KSC (KUW:NAPESCO) Cyclically Adjusted Revenue per Share: KWD0.45 (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.

KUW:NAPESCO National Petroleum Services Co KSC KUW:NAPESCO
99 GF Score
Price KWD1.44
GF Value KWD1.50
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is National Petroleum Services Co KSC Cyclically Adjusted Revenue per Share?

National Petroleum Services Co KSC KUW:NAPESCO -1.37% 99 Cyclically Adjusted Revenue per Share is KWD0.45 as of Mar. 2026. GuruFocus rates KUW:NAPESCO with a GF Score™ of 99/100 and a GF Value™ of KWD1.50 (Fairly Valued). The stock has 1 warning sign 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.

National Petroleum Services Co KSC's adjusted revenue per share for the three months ended in Mar. 2026 was KWD0.164. 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 KWD0.45 for the trailing ten years ended in Mar. 2026.

During the past 12 months, National Petroleum Services Co KSC's average Cyclically Adjusted Revenue Growth Rate was 12.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 11.20% 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 National Petroleum Services Co KSC was 11.70% per year. The lowest was 10.40% per year. And the median was 11.20% per year.

As of today (2026-08-07), National Petroleum Services Co KSC's current stock price is KWD1.44. National Petroleum Services Co KSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was KWD0.45. National Petroleum Services Co KSC's Cyclically Adjusted PS Ratio of today is 3.20.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of National Petroleum Services Co KSC was 4.50. The lowest was 1.97. And the median was 2.81.


National Petroleum Services Co KSC  (KUW:NAPESCO) 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.

National Petroleum Services Co KSC's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1.44/0.45
=3.20

* 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 National Petroleum Services Co KSC was 4.50. The lowest was 1.97. And the median was 2.81.


Be Aware

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


National Petroleum Services Co KSC Cyclically Adjusted Revenue per Share Related Terms


National Petroleum Services Co KSC Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for National Petroleum Services Co KSC'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.

National Petroleum Services Co KSC Cyclically Adjusted Revenue per Share Chart

National Petroleum Services Co KSC 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 0.28 0.32 0.35 0.39 0.44

National Petroleum Services Co KSC 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 0.40 0.41 0.43 0.44 0.45

KUW:NAPESCO vs SLB, BKR, FTI: Cyclically Adjusted Revenue per Share Comparison

For the Oil & Gas Equipment & Services subindustry, National Petroleum Services Co KSC'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.


National Petroleum Services Co KSC Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, National Petroleum Services Co KSC's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where National Petroleum Services Co KSC's Cyclically Adjusted PS Ratio falls into.


KUW:NAPESCO
99GF Score
National Petroleum Services Co KSC KUW:NAPESCO
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Petroleum Services Co KSC 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, National Petroleum Services Co KSC'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)
=0.164/330.2130*330.2130
=0.164

Current CPI (Mar. 2026) = 330.2130.

National Petroleum Services Co KSC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.071 241.018 0.097
201609 0.083 241.428 0.114
201612 0.070 241.432 0.096
201703 0.075 243.801 0.102
201706 0.069 244.955 0.093
201709 0.096 246.819 0.128
201712 0.067 246.524 0.090
201803 0.072 249.554 0.095
201806 0.086 251.989 0.113
201809 0.091 252.439 0.119
201812 0.096 251.233 0.126
201903 0.078 254.202 0.101
201906 0.099 256.143 0.128
201909 0.089 256.759 0.114
201912 0.096 256.974 0.123
202003 0.065 258.115 0.083
202006 0.070 257.797 0.090
202009 0.076 260.280 0.096
202012 0.065 260.474 0.082
202103 0.068 264.877 0.085
202106 0.059 271.696 0.072
202109 0.076 274.310 0.091
202112 0.084 278.802 0.099
202203 0.072 287.504 0.083
202206 0.099 296.311 0.110
202209 0.105 296.808 0.117
202212 0.108 296.797 0.120
202303 0.104 301.836 0.114
202306 0.096 305.109 0.104
202309 0.106 307.789 0.114
202312 0.102 306.746 0.110
202403 0.109 312.332 0.115
202406 0.108 314.175 0.114
202409 0.116 315.301 0.121
202412 0.121 315.605 0.127
202503 0.163 319.799 0.168
202506 0.151 322.561 0.155
202509 0.195 324.800 0.198
202512 0.167 324.054 0.170
202603 0.164 330.213 0.164

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 KWD0.45 mean?
National Petroleum Services Co KSC (KUW:NAPESCO) has a Cyclically Adjusted Revenue per Share of KWD0.45 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 National Petroleum Services Co KSC and its competitors.
Is National Petroleum Services Co KSC's Cyclically Adjusted Revenue per Share too high?
National Petroleum Services Co KSC's current Cyclically Adjusted Revenue per Share is KWD0.45. Overall, National Petroleum Services Co KSC has a GF Score™ of 99/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Petroleum Services Co KSC's Cyclically Adjusted Revenue per Share compare to SLB and BKR?
National Petroleum Services Co KSC's Cyclically Adjusted Revenue per Share of KWD0.45 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Cyclically Adjusted Revenue per Share depends on the Oil & Gas 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 National Petroleum Services Co KSC and its competitors. National Petroleum Services Co KSC's current Cyclically Adjusted Revenue per Share is KWD0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Petroleum Services Co KSC stock overvalued right now?
Based on GuruFocus' analysis, National Petroleum Services Co KSC (KUW:NAPESCO) is currently considered Fairly Valued. The stock's GF Value™ is KWD1.50, compared to a current price of KWD1.44 — trading 4% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is KWD0.45. National Petroleum Services Co KSC's overall GF Score™ is 99/100 with 1 warning sign 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 National Petroleum Services Co KSC (KUW:NAPESCO), the current Cyclically Adjusted Revenue per Share is KWD0.45 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 National Petroleum Services Co KSC (KUW:NAPESCO) Overvalued in 2026?

Based on GuruFocus' analysis, National Petroleum Services Co KSC stock appears to be undervalued. The current stock price of KWD1.44 is trading 4% below its estimated GF Value™ of KWD1.50. GuruFocus considers National Petroleum Services Co KSC to be Fairly Valued.

Key valuation signals for KUW:NAPESCO:

  • Cyclically Adjusted Revenue per Share: KWD0.45
  • GF Value™: KWD1.50 vs. price of KWD1.44 (4% below fair value)
  • GF Score™: 99/100 with 1 warning sign

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


National Petroleum Services Co KSC Business Description

Industry EnergyOil & Gas
Address Integration Road, MA10-MA6, Street 6, P.O. Box 9801 Shuaiba West Industrial Area, Block-3, Plot. No.76, Al Ahmadi, KWT
National Petroleum Services Co KSC provides oilfield services for the oil and gas industry in Kuwait. The company is engaged in carrying out all support services for wells drilling, repairing, and preparation for production as well as wells maintenance related services. It is also engaged in establishing industrial firms for the purpose of manufacturing and producing the equipment and materials needed for well drilling and repair. There are two segments within which the company operates namely oilfield services and non-oilfield services. The majority of the revenue is mainly from Oil field contracts that include Pumping services, and then Non- oil field contracts that involve supply power and environment, safety services.
99GF Score

Get the complete analysis for KUW:NAPESCO

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

KWD1.44
Price
KWD1.50
GF Value