Costco Wholesale (BSP:COWC34) Cyclically Adjusted Revenue per Share: R$64.44 (As of May. 2026)

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BSP:COWC34 Costco Wholesale Corp BSP:COWC34
93 GF Score
Price R$114.90
GF Value R$126.97
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Costco Wholesale Cyclically Adjusted Revenue per Share?

Costco Wholesale BSP:COWC34 -5.34% 93 Cyclically Adjusted Revenue per Share is R$64.44 as of May. 2026. GuruFocus rates BSP:COWC34 with a GF Score™ of 93/100 and a GF Value™ of R$126.97 (Modestly Undervalued). The stock has 1 warning sign 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.

Costco Wholesale's adjusted revenue per share for the three months ended in May. 2026 was R$20.173. 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$64.44 for the trailing ten years ended in May. 2026.

During the past 12 months, Costco Wholesale's average Cyclically Adjusted Revenue Growth Rate was 10.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 9.50% 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 Costco Wholesale was 12.40% per year. The lowest was 7.10% per year. And the median was 9.00% per year.

As of today (2026-09-22), Costco Wholesale's current stock price is R$114.90. Costco Wholesale's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was R$64.44. Costco Wholesale's Cyclically Adjusted PS Ratio of today is 1.78.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Costco Wholesale was 2.30. The lowest was 0.64. And the median was 1.23.


Costco Wholesale  (BSP:COWC34) 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.

Costco Wholesale's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=114.90/64.444
=1.78

* 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 Costco Wholesale was 2.30. The lowest was 0.64. And the median was 1.23.


Be Aware

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


Costco Wholesale Cyclically Adjusted Revenue per Share Related Terms


Costco Wholesale Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Costco Wholesale'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.

Costco Wholesale Cyclically Adjusted Revenue per Share Chart

Costco Wholesale Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.10 36.85 43.51 50.01 57.74

Costco Wholesale Quarterly Data
Aug21 Nov21 Feb22 Apr22 Aug22 Nov22 Feb23 Apr23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 56.49 58.69 59.94 61.65 64.44

BSP:COWC34 vs TGT, DG, DLTR: Cyclically Adjusted Revenue per Share Comparison

For the Discount Stores subindustry, Costco Wholesale'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.


Costco Wholesale Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Costco Wholesale's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BSP:COWC34
93GF Score
Costco Wholesale Corp BSP:COWC34
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Costco Wholesale 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, Costco Wholesale's adjusted Revenue per Share data for the three months ended in May. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=20.173/335.1230*335.1230
=20.173

Current CPI (May. 2026) = 335.1230.

Costco Wholesale Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 6.856 240.849 9.540
201611 5.205 241.353 7.227
201702 5.453 243.603 7.502
201704 5.111 244.524 7.005
201708 7.714 245.519 10.529
201711 5.764 246.669 7.831
201802 6.072 248.991 8.172
201805 6.326 251.588 8.426
201808 9.646 252.146 12.820
201811 7.696 252.038 10.233
201902 7.570 252.776 10.036
201905 7.681 256.092 10.051
201908 10.410 256.558 13.598
201911 8.602 257.208 11.208
202002 9.246 258.678 11.978
202005 11.075 256.394 14.476
202008 15.948 259.918 20.562
202011 13.330 260.229 17.166
202102 13.354 263.014 17.015
202104 14.128 267.054 17.729
202108 18.161 273.567 22.247
202111 15.429 277.948 18.603
202202 15.968 283.716 18.861
202204 14.728 289.109 17.072
202208 20.982 296.171 23.742
202211 16.069 297.711 18.088
202302 16.194 300.840 18.039
202304 15.511 303.363 17.135
202308 21.576 307.026 23.550
202311 16.149 307.051 17.625
202402 16.181 310.326 17.474
202405 16.735 314.069 17.857
202408 24.583 314.796 26.170
202411 19.756 315.493 20.985
202502 21.355 319.082 22.429
202505 20.382 321.465 21.248
202508 26.699 323.976 27.618
202511 20.318 324.122 21.008
202602 20.881 326.785 21.414
202605 20.173 335.123 20.173

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$64.44 mean?
Costco Wholesale (BSP:COWC34) has a Cyclically Adjusted Revenue per Share of R$64.44 as of May. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Costco Wholesale and its competitors.
Is Costco Wholesale's Cyclically Adjusted Revenue per Share too high?
Costco Wholesale's current Cyclically Adjusted Revenue per Share is R$64.44. Overall, Costco Wholesale has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Costco Wholesale's Cyclically Adjusted Revenue per Share compare to TGT and DG?
Costco Wholesale's Cyclically Adjusted Revenue per Share of R$64.44 can be compared against companies in the Retail - Defensive 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 - Defensive company?
A good Cyclically Adjusted Revenue per Share depends on the Retail - Defensive 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 Costco Wholesale and its competitors. Costco Wholesale's current Cyclically Adjusted Revenue per Share is R$64.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Costco Wholesale stock overvalued right now?
Based on GuruFocus' analysis, Costco Wholesale (BSP:COWC34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$126.97, compared to a current price of R$114.90 — trading 9.5% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is R$64.44. Costco Wholesale's overall GF Score™ is 93/100 with 1 warning sign 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 Costco Wholesale (BSP:COWC34), the current Cyclically Adjusted Revenue per Share is R$64.44 as of May. 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 Costco Wholesale (BSP:COWC34) Overvalued in 2026?

Based on GuruFocus' analysis, Costco Wholesale stock appears to be undervalued. The current stock price of R$114.90 is trading 9.5% below its estimated GF Value™ of R$126.97. GuruFocus considers Costco Wholesale to be Modestly Undervalued.

Key valuation signals for BSP:COWC34:

  • Cyclically Adjusted Revenue per Share: R$64.44
  • GF Value™: R$126.97 vs. price of R$114.90 (9.5% below fair value)
  • GF Score™: 93/100 with 1 warning sign

No single metric tells the full story. See the BSP:COWC34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Costco Wholesale Business Description

Address 999 Lake Drive, Issaquah, WA, USA, 98027
Costco Wholesale operates membership warehouses based on the concept that offering low prices on a limited selection of nationally-branded and private-label products across a wide range of categories produces high sales volumes and rapid inventory turnover. At the end of fiscal 2025 it operated 914 warehouses, in the U.S. and Puerto Rico, Canada, Mexico, Japan, the U.K., Korea, Australia, Taiwan, China, Spain, France, Sweden, Iceland, and New Zealand, plus e-commerce sites in eight countries. Warehouses average about 147,000 square feet and carry fewer than 4,000 active SKUs, supplemented by ancillary businesses including gasoline (about 10% of sales), pharmacy, and optical, and by the Kirkland Signature private label. Membership fees, $65 annually for U.S. Gold Star members, are a key profit driver, and the model allows profitable operation at significantly lower gross margins than other retailers.
93GF Score

Get the complete analysis for BSP:COWC34

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

R$114.90
Price
R$126.97
GF Value