Churchill Downs (BSP:C2HD34) Cyclically Adjusted Revenue per Share: R$6.40 (As of Jun. 2026)

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BSP:C2HD34 Churchill Downs Inc BSP:C2HD34
81 GF Score
Price R$22.23
GF Value R$35.94
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Churchill Downs Cyclically Adjusted Revenue per Share?

Churchill Downs BSP:C2HD34 81 Cyclically Adjusted Revenue per Share is R$6.40 as of Jun. 2026. GuruFocus rates BSP:C2HD34 with a GF Score™ of 81/100 and a GF Value™ of R$35.94 (Possible Value Trap). 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.

Churchill Downs's adjusted revenue per share for the three months ended in Jun. 2026 was R$3.587. 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 R$6.40 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Churchill Downs's average Cyclically Adjusted Revenue Growth Rate was 17.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 18.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 18.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 14.00% 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 Churchill Downs was 19.10% per year. The lowest was 1.10% per year. And the median was 6.15% per year.

As of today (2026-08-04), Churchill Downs's current stock price is R$22.23. Churchill Downs's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was R$6.40. Churchill Downs's Cyclically Adjusted PS Ratio of today is 3.47.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Churchill Downs was 12.54. The lowest was 3.06. And the median was 6.69.


Churchill Downs  (BSP:C2HD34) 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.

Churchill Downs's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=22.23/6.40
=3.47

* 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 Churchill Downs was 12.54. The lowest was 3.06. And the median was 6.69.


Be Aware

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


Churchill Downs Cyclically Adjusted Revenue per Share Related Terms


Churchill Downs Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Churchill Downs'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.

Churchill Downs Cyclically Adjusted Revenue per Share Chart

Churchill Downs 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 3.67 3.79 3.79 6.01 6.18

Churchill Downs 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 5.87 6.61 6.18 6.26 6.40

BSP:C2HD34 vs LNWO, SGHC, RSI: Cyclically Adjusted Revenue per Share Comparison

For the Gambling subindustry, Churchill Downs'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.


Churchill Downs Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Churchill Downs's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BSP:C2HD34
81GF Score
Churchill Downs Inc BSP:C2HD34
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Churchill Downs 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, Churchill Downs'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)
=3.587/333.9520*333.9520
=3.587

Current CPI (Jun. 2026) = 333.9520.

Churchill Downs Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.487 241.428 0.674
201612 -0.356 241.432 -0.492
201703 0.260 243.801 0.356
201706 0.572 244.955 0.780
201709 0.332 246.819 0.449
201712 0.319 246.524 0.432
201803 0.357 249.554 0.478
201806 0.875 251.989 1.160
201809 0.554 252.439 0.733
201812 0.519 251.233 0.690
201903 0.628 254.202 0.825
201906 1.131 256.143 1.475
201909 0.775 256.759 1.008
201912 0.714 256.974 0.928
202003 0.778 258.115 1.007
202006 0.608 257.797 0.788
202009 1.137 260.280 1.459
202012 0.860 260.474 1.103
202103 1.154 264.877 1.455
202106 1.648 271.696 2.026
202109 1.323 274.310 1.611
202112 1.326 278.802 1.588
202203 1.167 287.504 1.356
202206 1.904 296.311 2.146
202209 1.310 296.808 1.474
202212 1.648 296.797 1.854
202303 1.915 301.836 2.119
202306 2.425 305.109 2.654
202309 1.834 307.789 1.990
202312 1.836 306.746 1.999
202403 1.970 312.332 2.106
202406 3.215 314.175 3.417
202409 2.333 315.301 2.471
202412 2.552 315.605 2.700
202503 2.502 319.799 2.613
202506 3.597 322.561 3.724
202509 2.580 324.800 2.653
202512 2.599 324.054 2.678
202603 2.477 330.213 2.505
202606 3.587 333.952 3.587

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 R$6.40 mean?
Churchill Downs (BSP:C2HD34) has a Cyclically Adjusted Revenue per Share of R$6.40 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 Churchill Downs and its competitors.
Is Churchill Downs' Cyclically Adjusted Revenue per Share too high?
Churchill Downs' current Cyclically Adjusted Revenue per Share is R$6.40. Overall, Churchill Downs has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Churchill Downs' Cyclically Adjusted Revenue per Share compare to LNWO and SGHC?
Churchill Downs' Cyclically Adjusted Revenue per Share of R$6.40 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Cyclically Adjusted Revenue per Share depends on the Travel & Leisure 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 Churchill Downs and its competitors. Churchill Downs's current Cyclically Adjusted Revenue per Share is R$6.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Churchill Downs stock overvalued right now?
Based on GuruFocus' analysis, Churchill Downs (BSP:C2HD34) is currently considered Possible Value Trap. The stock's GF Value™ is R$35.94, compared to a current price of R$22.23 — trading 38.1% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is R$6.40. Churchill Downs' overall GF Score™ is 81/100 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 Churchill Downs (BSP:C2HD34), the current Cyclically Adjusted Revenue per Share is R$6.40 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 Churchill Downs (BSP:C2HD34) Overvalued in 2026?

Based on GuruFocus' analysis, Churchill Downs stock appears to be undervalued. The current stock price of R$22.23 is trading 38.1% below its estimated GF Value™ of R$35.94. GuruFocus considers Churchill Downs to be Possible Value Trap.

Key valuation signals for BSP:C2HD34:

  • Cyclically Adjusted Revenue per Share: R$6.40
  • GF Value™: R$35.94 vs. price of R$22.23 (38.1% below fair value)
  • GF Score™: 81/100 with 4 warning signs

No single metric tells the full story. See the BSP:C2HD34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Churchill Downs Business Description

Other Exchanges CHDN:USACHR:Germany
Address 600 North Hurstbourne Parkway, Suite 400, Louisville, KY, USA, 40222
Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
81GF Score

Get the complete analysis for BSP:C2HD34

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

R$22.23
Price
R$35.94
GF Value