PENN Entertainment (BSP:P2EN34) Cyclically Adjusted Revenue per Share: R$22.78 (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:P2EN34 PENN Entertainment Inc BSP:P2EN34
63 GF Score
Price R$10.73
GF Value R$11.86
Valuation Modestly Undervalued
! 10 Warning Signs
View Full Analysis

What is PENN Entertainment Cyclically Adjusted Revenue per Share?

PENN Entertainment BSP:P2EN34 63 Cyclically Adjusted Revenue per Share is R$22.78 as of Mar. 2026. GuruFocus rates BSP:P2EN34 with a GF Score™ of 63/100 and a GF Value™ of R$11.86 (Modestly Undervalued). The stock has 10 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.

PENN Entertainment's adjusted revenue per share for the three months ended in Mar. 2026 was R$6.974. 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$22.78 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PENN Entertainment's average Cyclically Adjusted Revenue Growth Rate was 4.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 4.30% 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 PENN Entertainment was 31.50% per year. The lowest was 2.50% per year. And the median was 6.10% per year.

As of today (2026-07-21), PENN Entertainment's current stock price is R$10.73. PENN Entertainment's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was R$22.78. PENN Entertainment's Cyclically Adjusted PS Ratio of today is 0.47.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of PENN Entertainment was 3.80. The lowest was 0.23. And the median was 0.65.


PENN Entertainment  (BSP:P2EN34) 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.

PENN Entertainment's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=10.73/22.78
=0.47

* 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 PENN Entertainment was 3.80. The lowest was 0.23. 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.


PENN Entertainment Cyclically Adjusted Revenue per Share Related Terms


PENN Entertainment Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for PENN Entertainment'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.

PENN Entertainment Cyclically Adjusted Revenue per Share Chart

PENN Entertainment 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 22.20 21.27 19.41 25.06 24.76

PENN Entertainment 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 32.06 21.83 22.95 24.76 22.78

BSP:P2EN34 vs VAC, MCRI, RRR: Cyclically Adjusted Revenue per Share Comparison

For the Resorts & Casinos subindustry, PENN Entertainment'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.


PENN Entertainment Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

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

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


BSP:P2EN34
63GF Score
PENN Entertainment Inc BSP:P2EN34
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PENN Entertainment 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, PENN Entertainment'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)
=6.974/330.2130*330.2130
=6.974

Current CPI (Mar. 2026) = 330.2130.

PENN Entertainment Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.879 241.018 3.944
201609 2.953 241.428 4.039
201612 2.155 241.432 2.947
201703 2.641 243.801 3.577
201706 2.815 244.955 3.795
201709 2.699 246.819 3.611
201712 2.671 246.524 3.578
201803 2.827 249.554 3.741
201806 3.283 251.989 4.302
201809 3.405 252.439 4.454
201812 3.861 251.233 5.075
201903 4.154 254.202 5.396
201906 4.334 256.143 5.587
201909 4.781 256.759 6.149
201912 4.661 256.974 5.989
202003 4.713 258.115 6.029
202006 1.250 257.797 1.601
202009 3.923 260.280 4.977
202012 3.404 260.474 4.315
202103 4.158 264.877 5.184
202106 4.501 271.696 5.470
202109 4.621 274.310 5.563
202112 4.835 278.802 5.727
202203 4.226 287.504 4.854
202206 4.557 296.311 5.078
202209 4.925 296.808 5.479
202212 4.910 296.797 5.463
202303 5.169 301.836 5.655
202306 4.842 305.109 5.240
202309 5.300 307.789 5.686
202312 4.513 306.746 4.858
202403 5.268 312.332 5.570
202406 5.889 314.175 6.190
202409 5.964 315.301 6.246
202412 6.695 315.605 7.005
202503 5.767 319.799 5.955
202506 6.569 322.561 6.725
202509 6.418 324.800 6.525
202512 7.365 324.054 7.505
202603 6.974 330.213 6.974

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$22.78 mean?
PENN Entertainment (BSP:P2EN34) has a Cyclically Adjusted Revenue per Share of R$22.78 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 PENN Entertainment and its competitors.
Is PENN Entertainment's Cyclically Adjusted Revenue per Share too high?
PENN Entertainment's current Cyclically Adjusted Revenue per Share is R$22.78. Overall, PENN Entertainment has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PENN Entertainment's Cyclically Adjusted Revenue per Share compare to VAC and MCRI?
PENN Entertainment's Cyclically Adjusted Revenue per Share of R$22.78 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 PENN Entertainment and its competitors. PENN Entertainment's current Cyclically Adjusted Revenue per Share is R$22.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PENN Entertainment stock overvalued right now?
Based on GuruFocus' analysis, PENN Entertainment (BSP:P2EN34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$11.86, compared to a current price of R$10.73 — trading 9.5% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is R$22.78. PENN Entertainment's overall GF Score™ is 63/100 with 10 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 PENN Entertainment (BSP:P2EN34), the current Cyclically Adjusted Revenue per Share is R$22.78 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 PENN Entertainment (BSP:P2EN34) Overvalued in 2026?

Based on GuruFocus' analysis, PENN Entertainment stock appears to be undervalued. The current stock price of R$10.73 is trading 9.5% below its estimated GF Value™ of R$11.86. GuruFocus considers PENN Entertainment to be Modestly Undervalued.

Key valuation signals for BSP:P2EN34:

  • Cyclically Adjusted Revenue per Share: R$22.78
  • GF Value™: R$11.86 vs. price of R$10.73 (9.5% below fair value)
  • GF Score™: 63/100 with 10 warning signs

No single metric tells the full story. See the BSP:P2EN34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PENN Entertainment Business Description

Address 825 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610
Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 42 properties across 20 states and 12 brands, including Hollywood Casino and Ameristar. Land-based casinos represented 81% of total sales in 2025; 19% was from the interactive segment, which includes sports, i-gaming, and media revenue. The retail portfolio generates low-30s EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn's media asset, theScore, provides access to sports betting/i-gaming technology and clientele, helping it form a leading digital position.
63GF Score

Get the complete analysis for BSP:P2EN34

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

R$10.73
Price
R$11.86
GF Value