Sao Martinho (BSP:SMTO3) Cyclically Adjusted Revenue per Share: R$19.06 (As of Jun. 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:SMTO3 Sao Martinho SA BSP:SMTO3
78 GF Score
Price R$18.58
GF Value R$21.24
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is Sao Martinho Cyclically Adjusted Revenue per Share?

Sao Martinho BSP:SMTO3 -1.54% 78 Cyclically Adjusted Revenue per Share is R$19.06 as of Jun. 2026. GuruFocus rates BSP:SMTO3 with a GF Score™ of 78/100 and a GF Value™ of R$21.24 (Modestly Undervalued). The stock has 9 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.

Sao Martinho's adjusted revenue per share for the three months ended in Jun. 2026 was R$4.596. 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$19.06 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Sao Martinho's average Cyclically Adjusted Revenue Growth Rate was 10.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 14.70% 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 Sao Martinho was 16.90% per year. The lowest was 10.50% per year. And the median was 14.35% per year.

As of today (2026-08-30), Sao Martinho's current stock price is R$18.58. Sao Martinho's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was R$19.06. Sao Martinho's Cyclically Adjusted PS Ratio of today is 0.97.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Sao Martinho was 4.57. The lowest was 0.75. And the median was 2.52.


Sao Martinho  (BSP:SMTO3) 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.

Sao Martinho's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=18.58/19.06
=0.97

* 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 Sao Martinho was 4.57. The lowest was 0.75. And the median was 2.52.


Be Aware

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


Sao Martinho Cyclically Adjusted Revenue per Share Related Terms


Sao Martinho Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Sao Martinho'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.

Sao Martinho Cyclically Adjusted Revenue per Share Chart

Sao Martinho Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.30 13.07 14.78 16.78 18.60

Sao Martinho 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 17.32 17.66 17.90 18.60 19.06

BSP:SMTO3 vs LIN, SHW, ECL: Cyclically Adjusted Revenue per Share Comparison

For the Specialty Chemicals subindustry, Sao Martinho'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.


Sao Martinho Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sao Martinho's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BSP:SMTO3
78GF Score
Sao Martinho SA BSP:SMTO3
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sao Martinho 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, Sao Martinho'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)
=4.596/177.5443*177.5443
=4.596

Current CPI (Jun. 2026) = 177.5443.

Sao Martinho Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.784 109.986 2.880
201612 1.789 110.802 2.867
201703 2.511 111.869 3.985
201706 2.422 112.115 3.835
201709 1.831 112.777 2.883
201712 2.670 114.068 4.156
201803 3.366 114.868 5.203
201806 2.317 117.038 3.515
201809 1.955 117.881 2.944
201812 2.573 118.340 3.860
201903 3.439 120.124 5.083
201906 2.123 120.977 3.116
201909 2.282 121.292 3.340
201912 3.047 123.436 4.383
202003 2.913 124.092 4.168
202006 2.945 123.557 4.232
202009 2.653 125.095 3.765
202012 3.496 129.012 4.811
202103 3.335 131.660 4.497
202106 3.718 133.871 4.931
202109 4.093 137.913 5.269
202112 4.422 141.992 5.529
202203 4.280 146.537 5.186
202206 4.901 149.784 5.809
202209 4.567 147.800 5.486
202212 4.429 150.207 5.235
202303 5.238 153.352 6.064
202306 3.876 154.519 4.454
202309 4.432 155.464 5.061
202312 4.597 157.148 5.194
202403 6.992 159.372 7.789
202406 4.849 161.052 5.346
202409 5.877 162.342 6.427
202412 5.489 164.740 5.916
202503 5.284 168.102 5.581
202506 5.587 169.670 5.846
202509 5.218 170.739 5.426
202512 4.797 171.765 4.958
202603 6.860 175.066 6.957
202606 4.596 177.544 4.596

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$19.06 mean?
Sao Martinho (BSP:SMTO3) has a Cyclically Adjusted Revenue per Share of R$19.06 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 Sao Martinho and its competitors.
Is Sao Martinho's Cyclically Adjusted Revenue per Share too high?
Sao Martinho's current Cyclically Adjusted Revenue per Share is R$19.06. Overall, Sao Martinho has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sao Martinho's Cyclically Adjusted Revenue per Share compare to LIN and SHW?
Sao Martinho's Cyclically Adjusted Revenue per Share of R$19.06 can be compared against companies in the Chemicals 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 Chemicals company?
A good Cyclically Adjusted Revenue per Share depends on the Chemicals 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 Sao Martinho and its competitors. Sao Martinho's current Cyclically Adjusted Revenue per Share is R$19.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sao Martinho stock overvalued right now?
Based on GuruFocus' analysis, Sao Martinho (BSP:SMTO3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$21.24, compared to a current price of R$18.58 — trading 12.5% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is R$19.06. Sao Martinho's overall GF Score™ is 78/100 with 9 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 Sao Martinho (BSP:SMTO3), the current Cyclically Adjusted Revenue per Share is R$19.06 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 Sao Martinho (BSP:SMTO3) Overvalued in 2026?

Based on GuruFocus' analysis, Sao Martinho stock appears to be undervalued. The current stock price of R$18.58 is trading 12.5% below its estimated GF Value™ of R$21.24. GuruFocus considers Sao Martinho to be Modestly Undervalued.

Key valuation signals for BSP:SMTO3:

  • Cyclically Adjusted Revenue per Share: R$19.06
  • GF Value™: R$21.24 vs. price of R$18.58 (12.5% below fair value)
  • GF Score™: 78/100 with 9 warning signs

No single metric tells the full story. See the BSP:SMTO3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sao Martinho Business Description

Address Fazenda Sao Martinho, Pradopolis, SP, BRA, CEP 14850-000
Sao Martinho SA operates the following segments: sugar, ethanol, electricity, real estate ventures, Yeast, and other products. Sales of sugar and ethanol, both of which the company produces with sugar cane, comprise the vast majority of the company's revenue. Sao Martinho produces sugar and ethanol in its four Brazilian mills. The company derives its sugar cane mostly from its own plantations, agricultural partnerships, shareholders, and related companies. Sao Martinho exports most of its sugar, and it sells most of its ethanol domestically.
78GF Score

Get the complete analysis for BSP:SMTO3

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

R$18.58
Price
R$21.24
GF Value