Companhia Siderurgica Nacional (BSP:CSNA3) Cyclically Adjusted Revenue per Share: R$32.02 (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.

BSP:CSNA3 Companhia Siderurgica Nacional BSP:CSNA3
59 GF Score
Price R$5.20
GF Value R$11.35
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Companhia Siderurgica Nacional Cyclically Adjusted Revenue per Share?

Companhia Siderurgica Nacional BSP:CSNA3 -0.76% 59 Cyclically Adjusted Revenue per Share is R$32.02 as of Mar. 2026. GuruFocus rates BSP:CSNA3 with a GF Score™ of 59/100 and a GF Value™ of R$11.35 (Possible Value Trap). The stock has 7 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.

Companhia Siderurgica Nacional's adjusted revenue per share for the three months ended in Mar. 2026 was R$7.996. 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$32.02 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Companhia Siderurgica Nacional's average Cyclically Adjusted Revenue Growth Rate was 10.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 12.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 9.70% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Companhia Siderurgica Nacional was 16.70% per year. The lowest was 4.60% per year. And the median was 11.00% per year.

As of today (2026-07-15), Companhia Siderurgica Nacional's current stock price is R$5.20. Companhia Siderurgica Nacional's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was R$32.02. Companhia Siderurgica Nacional's Cyclically Adjusted PS Ratio of today is 0.16.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Companhia Siderurgica Nacional was 2.87. The lowest was 0.15. And the median was 0.65.


Companhia Siderurgica Nacional  (BSP:CSNA3) 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.

Companhia Siderurgica Nacional's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=5.20/32.02
=0.16

* 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 Companhia Siderurgica Nacional was 2.87. The lowest was 0.15. And the median was 0.65.


Be Aware

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


Companhia Siderurgica Nacional Cyclically Adjusted Revenue per Share Related Terms


Companhia Siderurgica Nacional Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Companhia Siderurgica Nacional'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.

Companhia Siderurgica Nacional Cyclically Adjusted Revenue per Share Chart

Companhia Siderurgica Nacional 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 20.18 23.13 25.52 28.06 30.87

Companhia Siderurgica Nacional 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 29.07 29.68 30.27 30.87 32.02

BSP:CSNA3 vs NUE, STLD, RS: Cyclically Adjusted Revenue per Share Comparison

For the Steel subindustry, Companhia Siderurgica Nacional'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.


Companhia Siderurgica Nacional Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Companhia Siderurgica Nacional's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Companhia Siderurgica Nacional's Cyclically Adjusted PS Ratio falls into.


BSP:CSNA3
59GF Score
Companhia Siderurgica Nacional BSP:CSNA3
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Companhia Siderurgica Nacional 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, Companhia Siderurgica Nacional'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)
=7.996/175.0655*175.0655
=7.996

Current CPI (Mar. 2026) = 175.0655.

Companhia Siderurgica Nacional Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.068 108.851 4.934
201609 3.221 109.986 5.127
201612 3.330 110.802 5.261
201703 3.251 111.869 5.088
201706 3.176 112.115 4.959
201709 3.544 112.777 5.501
201712 3.679 114.068 5.646
201803 3.733 114.868 5.689
201806 4.135 117.038 6.185
201809 4.483 117.881 6.658
201812 4.384 118.340 6.485
201903 4.351 120.124 6.341
201906 5.000 120.977 7.235
201909 4.352 121.292 6.281
201912 4.727 123.436 6.704
202003 3.865 124.092 5.453
202006 4.507 123.557 6.386
202009 6.314 125.095 8.836
202012 7.097 129.012 9.630
202103 8.632 131.660 11.478
202106 11.152 133.871 14.584
202109 7.727 137.913 9.809
202112 7.722 141.992 9.521
202203 8.853 146.537 10.577
202206 7.966 149.784 9.311
202209 8.210 147.800 9.725
202212 8.393 150.207 9.782
202303 8.535 153.352 9.743
202306 8.287 154.519 9.389
202309 8.389 155.464 9.447
202312 9.053 157.148 10.085
202403 7.325 159.372 8.046
202406 8.206 161.052 8.920
202409 8.345 162.342 8.999
202412 9.069 164.740 9.637
202503 8.225 168.102 8.566
202506 8.064 169.670 8.320
202509 8.894 170.739 9.119
202512 8.599 171.765 8.764
202603 7.996 175.066 7.996

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$32.02 mean?
Companhia Siderurgica Nacional (BSP:CSNA3) has a Cyclically Adjusted Revenue per Share of R$32.02 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 Companhia Siderurgica Nacional and its competitors.
Is Companhia Siderurgica Nacional's Cyclically Adjusted Revenue per Share too high?
Companhia Siderurgica Nacional's current Cyclically Adjusted Revenue per Share is R$32.02. Overall, Companhia Siderurgica Nacional has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Companhia Siderurgica Nacional's Cyclically Adjusted Revenue per Share compare to NUE and STLD?
Companhia Siderurgica Nacional's Cyclically Adjusted Revenue per Share of R$32.02 can be compared against companies in the Steel 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 Steel company?
A good Cyclically Adjusted Revenue per Share depends on the Steel 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 Companhia Siderurgica Nacional and its competitors. Companhia Siderurgica Nacional's current Cyclically Adjusted Revenue per Share is R$32.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Companhia Siderurgica Nacional stock overvalued right now?
Based on GuruFocus' analysis, Companhia Siderurgica Nacional (BSP:CSNA3) is currently considered Possible Value Trap. The stock's GF Value™ is R$11.35, compared to a current price of R$5.20 — trading 54.2% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is R$32.02. Companhia Siderurgica Nacional's overall GF Score™ is 59/100 with 7 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 Companhia Siderurgica Nacional (BSP:CSNA3), the current Cyclically Adjusted Revenue per Share is R$32.02 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 Companhia Siderurgica Nacional (BSP:CSNA3) Overvalued in 2026?

Based on GuruFocus' analysis, Companhia Siderurgica Nacional stock appears to be undervalued. The current stock price of R$5.20 is trading 54.2% below its estimated GF Value™ of R$11.35. GuruFocus considers Companhia Siderurgica Nacional to be Possible Value Trap.

Key valuation signals for BSP:CSNA3:

  • Cyclically Adjusted Revenue per Share: R$32.02
  • GF Value™: R$11.35 vs. price of R$5.20 (54.2% below fair value)
  • GF Score™: 59/100 with 7 warning signs

No single metric tells the full story. See the BSP:CSNA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Companhia Siderurgica Nacional Business Description

Address Avenue Brigadeiro Faria Lima, 3400, 20th Floor, Itaim Bibi, Sao Paulo, SP, BRA, 04538-132
Companhia Siderurgica Nacional is an integrated steel producer. together with its subsidiaries operates in five main business segments: Steel industry: production and marketing of flat and long steels; Mining: extraction, processing and marketing of iron ore, tin, limestone and dolomite; Cement: production and commercialization of bagged and bulk cement, in addition to aggregates, concrete, and other related products; Energy: generation and sale of energy from almost all renewable sources; and Logistics: participations port concessions and fleets of road transport vehicles. The group generates the majority of its revenue from the Steel industry segment. Geographically, it derives a majority of revenue from Asia.
59GF Score

Get the complete analysis for BSP:CSNA3

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

R$5.20
Price
R$11.35
GF Value