NPNGY (Nippon Gas Co) Cyclically Adjusted Revenue per Share: $4.12 (As of Mar. 2026)

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NPNGY Nippon Gas Co Ltd NPNGY
85 GF Score
Price $8.67
GF Value $7.46
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Nippon Gas Co Cyclically Adjusted Revenue per Share?

Nippon Gas Co NPNGY 85 Cyclically Adjusted Revenue per Share is $4.12 as of Mar. 2026. GuruFocus rates NPNGY with a GF Score™ of 85/100 and a GF Value™ of $7.46 (Modestly Overvalued). The stock has 4 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.

Nippon Gas Co's adjusted revenue per share for the three months ended in Mar. 2026 was $1.934. 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 $4.12 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Nippon Gas Co's average Cyclically Adjusted Revenue Growth Rate was 6.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.00% 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 Nippon Gas Co was 9.90% per year. The lowest was 2.30% per year. And the median was 7.65% per year.

As of today (2026-07-20), Nippon Gas Co's current stock price is $8.665. Nippon Gas Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $4.12. Nippon Gas Co's Cyclically Adjusted PS Ratio of today is 2.10.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Nippon Gas Co was 2.36. The lowest was 0.93. And the median was 1.75.


Nippon Gas Co  (OTCPK:NPNGY) 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.

Nippon Gas Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=8.665/4.12
=2.10

* 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 Nippon Gas Co was 2.36. The lowest was 0.93. And the median was 1.75.


Be Aware

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


Nippon Gas Co Cyclically Adjusted Revenue per Share Related Terms


Nippon Gas Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Nippon Gas Co'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.

Nippon Gas Co Cyclically Adjusted Revenue per Share Chart

Nippon Gas Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 4.07 5.07 4.12

Nippon Gas Co 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 5.07 4.32 4.19 4.00 4.12

NPNGY vs ATO, NI: Cyclically Adjusted Revenue per Share Comparison

For the Utilities - Regulated Gas subindustry, Nippon Gas Co'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.


Nippon Gas Co Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

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

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


NPNGY
85GF Score
Nippon Gas Co Ltd NPNGY
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Gas Co 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, Nippon Gas Co'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)
=1.934/112.7000*112.7000
=1.934

Current CPI (Mar. 2026) = 112.7000.

Nippon Gas Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.028 98.100 1.181
201609 0.810 98.000 0.932
201612 0.912 98.400 1.045
201703 1.160 98.100 1.333
201706 0.941 98.500 1.077
201709 0.765 98.800 0.873
201712 1.013 99.400 1.149
201803 1.359 99.200 1.544
201806 1.017 99.200 1.155
201809 0.809 99.900 0.913
201812 1.071 99.700 1.211
201903 1.418 99.700 1.603
201906 1.219 99.800 1.377
201909 1.000 100.100 1.126
201912 1.210 100.500 1.357
202003 1.593 100.300 1.790
202006 1.305 99.900 1.472
202009 1.102 99.900 1.243
202012 1.362 99.300 1.546
202103 1.901 99.900 2.145
202106 1.349 99.500 1.528
202109 1.207 100.100 1.359
202112 1.591 100.100 1.791
202203 2.030 101.100 2.263
202206 1.458 101.800 1.614
202209 1.234 103.100 1.349
202212 1.799 104.100 1.948
202303 2.218 104.400 2.394
202306 1.464 105.200 1.568
202309 1.143 106.200 1.213
202312 1.512 106.800 1.596
202403 1.772 107.200 1.863
202406 1.267 108.200 1.320
202409 1.305 108.900 1.351
202412 1.521 110.700 1.548
202503 1.885 111.100 1.912
202506 1.455 111.700 1.468
202509 1.313 112.000 1.321
202512 1.584 113.000 1.580
202603 1.934 112.700 1.934

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 $4.12 mean?
Nippon Gas Co (NPNGY) has a Cyclically Adjusted Revenue per Share of $4.12 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 Nippon Gas Co and its competitors.
Is Nippon Gas Co's Cyclically Adjusted Revenue per Share too high?
Nippon Gas Co's current Cyclically Adjusted Revenue per Share is $4.12. Overall, Nippon Gas Co has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Gas Co's Cyclically Adjusted Revenue per Share compare to ATO and NI?
Nippon Gas Co's Cyclically Adjusted Revenue per Share of $4.12 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 Nippon Gas Co and its competitors. Nippon Gas Co's current Cyclically Adjusted Revenue per Share is $4.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Gas Co (NPNGY) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.46, compared to a current price of $8.67 — trading 16.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is $4.12. Nippon Gas Co's overall GF Score™ is 85/100 with 4 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 Nippon Gas Co (NPNGY), the current Cyclically Adjusted Revenue per Share is $4.12 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 Nippon Gas Co (NPNGY) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Gas Co stock appears to be overvalued. The current stock price of $8.67 is trading 16.2% above its estimated GF Value™ of $7.46. GuruFocus considers Nippon Gas Co to be Modestly Overvalued.

Key valuation signals for NPNGY:

  • Cyclically Adjusted Revenue per Share: $4.12
  • GF Value™: $7.46 vs. price of $8.67 (16.2% above fair value)
  • GF Score™: 85/100 with 4 warning signs

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


Nippon Gas Co Business Description

Other Exchanges 8174:JapanNG0:Germany
Address 10, No. 7, No. 2-chome, Tokyo, JPN, 104-8540
Nippon Gas Co Ltd, or Nichigas, is a Japanese supplier of gas primarily in the Kanto region of Japan. The company segments its operations into LP Gas, City Gas, Electricity, and Life Products Businesses. LP Gas and City Gas are Nichigas' core segments, which engage in the distribution and sale of liquefied petroleum gas, or LPG, and city gas for consumer usage. The company's total revenue is split between sales of LPG and city gas, with LPG generating slightly more. Roughly half of Nichigas' customers are residential consumers in terms of sales volume, while the other half are commercial entities. With its subsidiaries, the company is also involved in the distribution and sale of liquefied natural gas, high-pressure gas, and gas appliances.
85GF Score

Get the complete analysis for NPNGY

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

$8.67
Price
$7.46
GF Value