National Gas CoOG (MUS:NGCI) Cyclically Adjusted Revenue per Share: ر.ع1.08 (As of Dec. 2025)

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MUS:NGCI National Gas Co SAOG MUS:NGCI
30 GF Score
Price ر.ع0.10
GF Value ر.ع0.09
Valuation Modestly Overvalued
! 7 Warning Signs
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What is National Gas CoOG Cyclically Adjusted Revenue per Share?

National Gas CoOG MUS:NGCI 30 Cyclically Adjusted Revenue per Share is ر.ع1.08 as of Dec. 2025. GuruFocus rates MUS:NGCI with a GF Score™ of 30/100 and a GF Value™ of ر.ع0.09 (Modestly Overvalued). The stock has 7 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.

National Gas CoOG's adjusted revenue per share for the three months ended in Dec. 2025 was ر.ع0.241. 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 ر.ع1.08 for the trailing ten years ended in Dec. 2025.

During the past 12 months, National Gas CoOG's average Cyclically Adjusted Revenue Growth Rate was 1.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -2.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 0.90% 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 Gas CoOG was 3.20% per year. The lowest was -2.90% per year. And the median was 0.00% per year.

As of today (2026-07-22), National Gas CoOG's current stock price is ر.ع0.101. National Gas CoOG's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was ر.ع1.08. National Gas CoOG's Cyclically Adjusted PS Ratio of today is 0.09.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of National Gas CoOG was 0.18. The lowest was 0.07. And the median was 0.09.


National Gas CoOG  (MUS:NGCI) 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 Gas CoOG's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.101/1.08
=0.09

* 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 Gas CoOG was 0.18. The lowest was 0.07. And the median was 0.09.


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 Gas CoOG Cyclically Adjusted Revenue per Share Related Terms


National Gas CoOG Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for National Gas CoOG'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 Gas CoOG Cyclically Adjusted Revenue per Share Chart

National Gas CoOG 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 1.06 1.18 1.10 1.06 1.08

National Gas CoOG Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 1.06 1.07 1.08 1.08 1.08

MUS:NGCI vs ATO, NI, UGI: Cyclically Adjusted Revenue per Share Comparison

For the Utilities - Regulated Gas subindustry, National Gas CoOG'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 Gas CoOG Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, National Gas CoOG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MUS:NGCI
30GF Score
National Gas Co SAOG MUS:NGCI
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Gas CoOG 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 Gas CoOG's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.241/324.0540*324.0540
=0.241

Current CPI (Dec. 2025) = 324.0540.

National Gas CoOG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.185 238.132 0.252
201606 0.181 241.018 0.243
201609 0.175 241.428 0.235
201612 0.173 241.432 0.232
201703 0.231 243.801 0.307
201706 0.205 244.955 0.271
201709 0.213 246.819 0.280
201712 0.265 246.524 0.348
201803 0.254 249.554 0.330
201806 0.237 251.989 0.305
201809 0.256 252.439 0.329
201812 0.257 251.233 0.331
201903 0.226 254.202 0.288
201906 0.239 256.143 0.302
201909 0.159 256.759 0.201
201912 0.274 256.974 0.346
202003 0.237 258.115 0.298
202006 0.145 257.797 0.182
202009 0.184 260.280 0.229
202012 0.217 260.474 0.270
202103 0.238 264.877 0.291
202106 0.257 271.696 0.307
202109 0.256 274.310 0.302
202112 0.160 278.802 0.186
202203 0.306 287.504 0.345
202206 0.251 296.311 0.275
202209 0.239 296.808 0.261
202212 0.226 296.797 0.247
202303 0.257 301.836 0.276
202306 0.199 305.109 0.211
202309 0.196 307.789 0.206
202312 0.260 306.746 0.275
202403 0.243 312.332 0.252
202406 0.231 314.175 0.238
202409 0.278 315.301 0.286
202412 0.233 315.605 0.239
202503 0.255 319.799 0.258
202506 0.259 322.561 0.260
202509 0.226 324.800 0.225
202512 0.241 324.054 0.241

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 ر.ع1.08 mean?
National Gas CoOG (MUS:NGCI) has a Cyclically Adjusted Revenue per Share of ر.ع1.08 as of Dec. 2025. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on National Gas CoOG and its competitors.
Is National Gas CoOG's Cyclically Adjusted Revenue per Share too high?
National Gas CoOG's current Cyclically Adjusted Revenue per Share is ر.ع1.08. Overall, National Gas CoOG has a GF Score™ of 30/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Gas CoOG's Cyclically Adjusted Revenue per Share compare to ATO and NI?
National Gas CoOG's Cyclically Adjusted Revenue per Share of ر.ع1.08 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Cyclically Adjusted Revenue per Share depends on the Utilities - Regulated 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 Gas CoOG and its competitors. National Gas CoOG's current Cyclically Adjusted Revenue per Share is ر.ع1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Gas CoOG stock overvalued right now?
Based on GuruFocus' analysis, National Gas CoOG (MUS:NGCI) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ع0.09, compared to a current price of ر.ع0.10 — trading 12.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is ر.ع1.08. National Gas CoOG's overall GF Score™ is 30/100 with 7 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 National Gas CoOG (MUS:NGCI), the current Cyclically Adjusted Revenue per Share is ر.ع1.08 as of Dec. 2025. 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 Gas CoOG (MUS:NGCI) Overvalued in 2026?

Based on GuruFocus' analysis, National Gas CoOG stock appears to be overvalued. The current stock price of ر.ع0.10 is trading 12.2% above its estimated GF Value™ of ر.ع0.09. GuruFocus considers National Gas CoOG to be Modestly Overvalued.

Key valuation signals for MUS:NGCI:

  • Cyclically Adjusted Revenue per Share: ر.ع1.08
  • GF Value™: ر.ع0.09 vs. price of ر.ع0.10 (12.2% above fair value)
  • GF Score™: 30/100 with 7 warning signs

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


National Gas CoOG Business Description

Address Al Khuwair Office, Al Khuwair, ONEIC Building, Muscat, OMN
National Gas Co SAOG operates as a Liquefied Petroleum Gas filling plant. The company is engaged in the marketing, selling, and distribution of LPG. The group's only business segment is the marketing and selling of LPG. It operates a large fleet of tankers to lift bulk LPG from refineries in the Sultanate to its plants where it is bottled into cylinders in safe and controlled conditions. The company has different sizes of tankers to meet customer demand and reduce distribution costs. The company has different departments for project and design which takes care of design, engineering, procurement, installation, commissioning and testing of all projects and post-sale services.
30GF Score

Get the complete analysis for MUS:NGCI

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

ر.ع0.10
Price
ر.ع0.09
GF Value