Heads UP Ventures (BOM:540210) Cyclically Adjusted Revenue per Share: ₹69.74 (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.

BOM:540210 Heads UP Ventures Ltd BOM:540210
46 GF Score
Price ₹7.60
! 2 Warning Signs
View Full Analysis

What is Heads UP Ventures Cyclically Adjusted Revenue per Share?

Heads UP Ventures BOM:540210 +10.47% 46 Cyclically Adjusted Revenue per Share is ₹69.74 as of Mar. 2026. GuruFocus rates BOM:540210 with a GF Score™ of 46/100. 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.

Heads UP Ventures's adjusted revenue per share for the three months ended in Mar. 2026 was ₹1.268. 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 ₹69.74 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Heads UP Ventures's average Cyclically Adjusted Revenue Growth Rate was -10.70% 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.

As of today (2026-08-12), Heads UP Ventures's current stock price is ₹7.60. Heads UP Ventures's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹69.74. Heads UP Ventures's Cyclically Adjusted PS Ratio of today is 0.11.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Heads UP Ventures was 0.16. The lowest was 0.10. And the median was 0.13.


Heads UP Ventures  (BOM:540210) 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.

Heads UP Ventures's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=7.60/69.74
=0.11

* 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 Heads UP Ventures was 0.16. The lowest was 0.10. And the median was 0.13.


Be Aware

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


Heads UP Ventures Cyclically Adjusted Revenue per Share Related Terms


Heads UP Ventures Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Heads UP Ventures'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.

Heads UP Ventures Cyclically Adjusted Revenue per Share Chart

Heads UP Ventures 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 0.00 78.11 69.74

Heads UP Ventures 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 78.11 77.49 76.62 0.00 69.74

BOM:540210 vs TJX, ROST, BURL: Cyclically Adjusted Revenue per Share Comparison

For the Apparel Retail subindustry, Heads UP Ventures'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.


Heads UP Ventures Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Heads UP Ventures's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Heads UP Ventures's Cyclically Adjusted PS Ratio falls into.


BOM:540210
46GF Score
Heads UP Ventures Ltd BOM:540210
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heads UP Ventures 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, Heads UP Ventures'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)
=1.268/164.2724*164.2724
=1.268

Current CPI (Mar. 2026) = 164.2724.

Heads UP Ventures Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 21.961 105.961 34.046
201609 36.974 105.961 57.321
201612 35.917 105.196 56.087
201703 16.711 105.196 26.096
201706 32.030 107.109 49.124
201709 26.052 109.021 39.255
201712 33.490 109.404 50.286
201803 25.017 109.786 37.433
201806 23.079 111.317 34.058
201809 23.528 115.142 33.567
201812 31.423 115.142 44.831
201903 21.972 118.202 30.536
201906 20.217 120.880 27.474
201909 16.191 123.175 21.593
201912 25.908 126.235 33.715
202003 5.540 124.705 7.298
202006 0.004 127.000 0.005
202009 0.004 130.118 0.005
202012 -0.017 130.889 -0.021
202103 0.205 131.771 0.256
202106 0.000 134.084 0.000
202109 0.000 135.847 0.000
202112 0.022 138.161 0.026
202203 0.416 138.822 0.492
202206 0.129 142.347 0.149
202209 0.196 144.661 0.223
202212 0.002 145.763 0.002
202303 0.003 146.865 0.003
202306 0.202 150.280 0.221
202309 0.012 151.492 0.013
202312 0.000 152.924 0.000
202403 0.072 153.035 0.077
202406 0.000 155.789 0.000
202409 0.000 157.882 0.000
202412 0.067 158.323 0.070
202503 0.579 157.552 0.604
202506 5.210 159.755 5.357
202509 1.324 162.289 1.340
202512 0.000 163.281 0.000
202603 1.268 164.272 1.268

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 ₹69.74 mean?
Heads UP Ventures (BOM:540210) has a Cyclically Adjusted Revenue per Share of ₹69.74 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 Heads UP Ventures and its competitors.
Is Heads UP Ventures' Cyclically Adjusted Revenue per Share too high?
Heads UP Ventures' current Cyclically Adjusted Revenue per Share is ₹69.74. Overall, Heads UP Ventures has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Heads UP Ventures' Cyclically Adjusted Revenue per Share compare to TJX and ROST?
Heads UP Ventures' Cyclically Adjusted Revenue per Share of ₹69.74 can be compared against companies in the Retail - Cyclical 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 a Retail - Cyclical company?
A good Cyclically Adjusted Revenue per Share depends on the Retail - Cyclical 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 Heads UP Ventures and its competitors. Heads UP Ventures's current Cyclically Adjusted Revenue per Share is ₹69.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heads UP Ventures stock overvalued right now?
Heads UP Ventures (BOM:540210) has a current Cyclically Adjusted Revenue per Share of ₹69.74. The current Cyclically Adjusted Revenue per Share is ₹69.74. Heads UP Ventures' overall GF Score™ is 46/100 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 Heads UP Ventures (BOM:540210), the current Cyclically Adjusted Revenue per Share is ₹69.74 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.

Heads UP Ventures Business Description

Other Exchanges HEADSUP:India
Address Dr. S.S. Rao Road, 209, Peninsula Centre, Parel, Mumbai, MH, IND, 400012
Heads UP Ventures Ltd is engaged in designing, retailing, and distributing men's wear, women's wear, and accessories under the Being Human brand. Geographically, it derives the majority of its revenue from domestic operations. The company offers a range of designs including shirts and t-shirts, jackets, hoodies, sweatshirts, caps, belts, bags, and flip-flops. The company also provides fashion for every occasion with avant-garde designs.
46GF Score

Get the complete analysis for BOM:540210

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

₹7.60
Price