Deutsche Lufthansa AG (BSE:LHA) Cyclically Adjusted Revenue per Share: lei250.18 (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.

BSE:LHA Deutsche Lufthansa AG BSE:LHA
84 GF Score
Price lei47.12
GF Value lei45.00
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Deutsche Lufthansa AG Cyclically Adjusted Revenue per Share?

Deutsche Lufthansa AG BSE:LHA -0.70% 84 Cyclically Adjusted Revenue per Share is lei250.18 as of Mar. 2026. GuruFocus rates BSE:LHA with a GF Score™ of 84/100 and a GF Value™ of lei45.00 (Fairly Valued). 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.

Deutsche Lufthansa AG's adjusted revenue per share for the three months ended in Mar. 2026 was lei38.568. 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 lei250.18 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Deutsche Lufthansa AG's average Cyclically Adjusted Revenue Growth Rate was -4.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -3.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -1.90% 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 Deutsche Lufthansa AG was -0.70% per year. The lowest was -3.40% per year. And the median was -1.30% per year.

As of today (2026-07-30), Deutsche Lufthansa AG's current stock price is lei47.12. Deutsche Lufthansa AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was lei250.18. Deutsche Lufthansa AG's Cyclically Adjusted PS Ratio of today is 0.19.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Deutsche Lufthansa AG was 0.39. The lowest was 0.10. And the median was 0.16.


Deutsche Lufthansa AG  (BSE:LHA) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=47.12/250.18
=0.19

* 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 Deutsche Lufthansa AG was 0.39. The lowest was 0.10. And the median was 0.16.


Be Aware

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


Deutsche Lufthansa AG Cyclically Adjusted Revenue per Share Related Terms


Deutsche Lufthansa AG Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Deutsche Lufthansa 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.

Deutsche Lufthansa AG Cyclically Adjusted Revenue per Share Chart

Deutsche Lufthansa 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 238.02 242.75 239.30 246.59 224.67

Deutsche Lufthansa AG 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 226.76 226.50 228.98 224.67 250.18

BSE:LHA vs DAL, UAL, LUV: Cyclically Adjusted Revenue per Share Comparison

For the Airlines subindustry, Deutsche Lufthansa 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.


Deutsche Lufthansa AG Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Deutsche Lufthansa AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BSE:LHA
84GF Score
Deutsche Lufthansa AG BSE:LHA
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deutsche Lufthansa 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, Deutsche Lufthansa AG'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)
=38.568/131.2583*131.2583
=38.568

Current CPI (Mar. 2026) = 131.2583.

Deutsche Lufthansa AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 64.120 100.717 83.564
201609 69.609 101.017 90.448
201612 57.065 101.217 74.002
201703 57.283 101.417 74.138
201706 72.528 102.117 93.225
201709 81.454 102.717 104.087
201712 70.084 102.617 89.645
201803 65.263 102.917 83.235
201806 74.981 104.017 94.618
201809 80.197 104.718 100.523
201812 67.826 104.217 85.425
201903 60.846 104.217 76.633
201906 75.045 105.718 93.175
201909 76.531 106.018 94.751
201912 67.643 105.818 83.906
202003 48.591 105.718 60.330
202006 14.552 106.618 17.915
202009 17.826 105.818 22.112
202012 24.141 105.518 30.030
202103 23.324 107.518 28.474
202106 29.496 108.486 35.688
202109 41.666 109.435 49.975
202112 25.221 110.384 29.991
202203 21.080 113.968 24.278
202206 32.861 115.760 37.260
202209 36.133 118.818 39.916
202212 33.872 119.345 37.253
202303 28.748 122.402 30.828
202306 34.861 123.140 37.159
202309 42.084 124.195 44.478
202312 36.553 123.773 38.764
202403 30.717 125.038 32.245
202406 40.976 125.882 42.726
202409 45.806 126.198 47.643
202412 37.796 127.041 39.051
202503 33.541 127.779 34.454
202506 45.206 128.412 46.208
202509 50.420 129.255 51.201
202512 44.467 129.361 45.119
202603 38.568 131.258 38.568

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 lei250.18 mean?
Deutsche Lufthansa AG (BSE:LHA) has a Cyclically Adjusted Revenue per Share of lei250.18 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 Deutsche Lufthansa AG and its competitors.
Is Deutsche Lufthansa AG's Cyclically Adjusted Revenue per Share too high?
Deutsche Lufthansa AG's current Cyclically Adjusted Revenue per Share is lei250.18. Overall, Deutsche Lufthansa AG has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Deutsche Lufthansa AG's Cyclically Adjusted Revenue per Share compare to DAL and UAL?
Deutsche Lufthansa AG's Cyclically Adjusted Revenue per Share of lei250.18 can be compared against companies in the Transportation 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 Transportation company?
A good Cyclically Adjusted Revenue per Share depends on the Transportation 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 Deutsche Lufthansa AG and its competitors. Deutsche Lufthansa AG's current Cyclically Adjusted Revenue per Share is lei250.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deutsche Lufthansa AG stock overvalued right now?
Based on GuruFocus' analysis, Deutsche Lufthansa AG (BSE:LHA) is currently considered Fairly Valued. The stock's GF Value™ is lei45.00, compared to a current price of lei47.12 — trading 4.7% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is lei250.18. Deutsche Lufthansa AG's overall GF Score™ is 84/100 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 Deutsche Lufthansa AG (BSE:LHA), the current Cyclically Adjusted Revenue per Share is lei250.18 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 Deutsche Lufthansa AG (BSE:LHA) Overvalued in 2026?

Based on GuruFocus' analysis, Deutsche Lufthansa AG stock appears to be overvalued. The current stock price of lei47.12 is trading 4.7% above its estimated GF Value™ of lei45.00. GuruFocus considers Deutsche Lufthansa AG to be Fairly Valued.

Key valuation signals for BSE:LHA:

  • Cyclically Adjusted Revenue per Share: lei250.18
  • GF Value™: lei45.00 vs. price of lei47.12 (4.7% above fair value)
  • GF Score™: 84/100 with 2 warning signs

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


Deutsche Lufthansa AG Business Description

Address Venloer Street 151-153, Cologne, NW, DEU, 50672
Lufthansa AG is a European airline group operating through three primary segments: passenger airlines, logistics (Lufthansa Cargo), and MRO (Lufthansa Technik). The passenger airlines segment includes Lufthansa German Airlines, SWISS, Austrian Airlines, Brussels Airlines, Eurowings, and the equity interest in SunExpress. As of 2025, Lufthansa also holds a 41% stake in ITA Airways, with strategic integration underway.
84GF Score

Get the complete analysis for BSE:LHA

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

lei47.12
Price
lei45.00
GF Value