adidas AG (BSE:ADS) Cyclically Adjusted Revenue per Share: lei722.29 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

BSE:ADS adidas AG BSE:ADS
83 GF Score
Price lei849.80
GF Value lei1,165.09
Valuation Modestly Undervalued
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What is adidas AG Cyclically Adjusted Revenue per Share?

adidas AG BSE:ADS +5.12% 83 Cyclically Adjusted Revenue per Share is lei722.29 as of Jun. 2026. GuruFocus rates BSE:ADS with a GF Score™ of 83/100 and a GF Value™ of lei1,165.09 (Modestly Undervalued).

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.

adidas AG's adjusted revenue per share for the three months ended in Jun. 2026 was lei201.064. 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 lei722.29 for the trailing ten years ended in Jun. 2026.

During the past 12 months, adidas AG's average Cyclically Adjusted Revenue Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.90% 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 adidas AG was 9.20% per year. The lowest was 6.00% per year. And the median was 7.45% per year.

As of today (2026-08-01), adidas AG's current stock price is lei849.80. adidas AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was lei722.29. adidas AG's Cyclically Adjusted PS Ratio of today is 1.18.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of adidas AG was 3.56. The lowest was 0.91. And the median was 2.31.


adidas AG  (BSE:ADS) 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.

adidas AG's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=849.80/722.29
=1.18

* 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 adidas AG was 3.56. The lowest was 0.91. And the median was 2.31.


Be Aware

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


adidas AG Cyclically Adjusted Revenue per Share Related Terms


adidas AG Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for adidas AG'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.

adidas AG Cyclically Adjusted Revenue per Share Chart

adidas AG 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 486.52 534.66 588.11 625.00 679.09

adidas AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 661.22 679.52 679.09 670.10 722.29

BSE:ADS vs NKE, DECK, ONON: Cyclically Adjusted Revenue per Share Comparison

For the Footwear & Accessories subindustry, adidas AG'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.


adidas AG Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, adidas AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where adidas AG's Cyclically Adjusted PS Ratio falls into.


BSE:ADS
83GF Score
adidas AG BSE:ADS
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

adidas AG 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, adidas AG's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=201.064/131.3638*131.3638
=201.064

Current CPI (Jun. 2026) = 131.3638.

adidas AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 129.504 101.017 168.409
201612 104.990 101.217 136.261
201703 129.722 101.417 168.027
201706 127.111 102.117 163.516
201709 150.378 102.717 192.317
201712 133.024 102.617 170.289
201803 152.127 102.917 194.175
201806 137.661 104.017 173.853
201809 154.910 104.718 194.328
201812 135.797 104.217 171.169
201903 152.140 104.217 191.769
201906 142.905 105.718 177.573
201909 162.542 106.018 201.402
201912 150.510 105.818 186.846
202003 113.648 105.718 141.218
202006 87.887 106.618 108.286
202009 153.068 105.818 190.021
202012 145.716 105.518 181.409
202103 146.210 107.518 178.637
202106 142.269 108.486 172.271
202109 158.392 109.435 190.131
202112 137.341 110.384 163.445
202203 140.516 113.968 161.964
202206 146.432 115.760 166.170
202209 158.849 118.818 175.622
202212 140.530 119.345 154.682
202303 144.887 122.402 155.495
202306 147.327 123.140 157.166
202309 163.037 124.195 172.448
202312 134.249 123.773 142.482
202403 150.799 125.038 158.428
202406 159.033 125.882 165.959
202409 181.950 126.198 189.398
202412 160.266 127.041 165.719
202503 169.665 127.779 174.425
202506 175.172 128.412 179.199
202509 198.094 129.255 201.326
202512 183.785 129.361 186.631
202603 195.614 131.258 195.771
202606 201.064 131.364 201.064

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 lei722.29 mean?
adidas AG (BSE:ADS) has a Cyclically Adjusted Revenue per Share of lei722.29 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on adidas AG and its competitors.
Is adidas AG's Cyclically Adjusted Revenue per Share too high?
adidas AG's current Cyclically Adjusted Revenue per Share is lei722.29. Overall, adidas AG has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does adidas AG's Cyclically Adjusted Revenue per Share compare to NKE and DECK?
adidas AG's Cyclically Adjusted Revenue per Share of lei722.29 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Cyclically Adjusted Revenue per Share depends on the Manufacturing - Apparel & Accessories 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 adidas AG and its competitors. adidas AG's current Cyclically Adjusted Revenue per Share is lei722.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is adidas AG stock overvalued right now?
Based on GuruFocus' analysis, adidas AG (BSE:ADS) is currently considered Modestly Undervalued. The stock's GF Value™ is lei1,165.09, compared to a current price of lei849.80 — trading 27.1% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is lei722.29. adidas AG's overall GF Score™ is 83/100. 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 adidas AG (BSE:ADS), the current Cyclically Adjusted Revenue per Share is lei722.29 as of Jun. 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 adidas AG (BSE:ADS) Overvalued in 2026?

Based on GuruFocus' analysis, adidas AG stock appears to be undervalued. The current stock price of lei849.80 is trading 27.1% below its estimated GF Value™ of lei1,165.09. GuruFocus considers adidas AG to be Modestly Undervalued.

Key valuation signals for BSE:ADS:

  • Cyclically Adjusted Revenue per Share: lei722.29
  • GF Value™: lei1,165.09 vs. price of lei849.80 (27.1% below fair value)
  • GF Score™: 83/100

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


adidas AG Business Description

Address Adi-Dassler-Strasse 1, Herzogenaurach, BY, DEU, 91074
Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through about 2,000 owned retail stores, 15,000 Adidas-branded franchise stores (including about 8,000 in China), 150,000 wholesale doors, and an owned e-commerce site that is available in 67 countries. The company was founded in 1949 in Germany.
83GF Score

Get the complete analysis for BSE:ADS

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

lei849.80
Price
lei1,165.09
GF Value