Ternium (BSP:TXSA34) Cyclically Adjusted Revenue per Share: R$393.96 (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:TXSA34 Ternium SA BSP:TXSA34
61 GF Score
Price R$249.25
GF Value R$187.34
Valuation Significantly Overvalued
! 12 Warning Signs
View Full Analysis

What is Ternium Cyclically Adjusted Revenue per Share?

Ternium BSP:TXSA34 +0.50% 61 Cyclically Adjusted Revenue per Share is R$393.96 as of Mar. 2026. GuruFocus rates BSP:TXSA34 with a GF Score™ of 61/100 and a GF Value™ of R$187.34 (Significantly Overvalued). The stock has 12 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.

Ternium's adjusted revenue per share for the three months ended in Mar. 2026 was R$10.480. 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$393.96 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ternium's average Cyclically Adjusted Revenue Growth Rate was 6.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.30% 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 Ternium was 10.40% per year. The lowest was 2.10% per year. And the median was 5.90% per year.

As of today (2026-08-02), Ternium's current stock price is R$249.25. Ternium's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was R$393.96. Ternium's Cyclically Adjusted PS Ratio of today is 0.63.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ternium was 1.11. The lowest was 0.24. And the median was 0.60.


Ternium  (BSP:TXSA34) 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.

Ternium's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=249.25/393.96
=0.63

* 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 Ternium was 1.11. The lowest was 0.24. And the median was 0.60.


Be Aware

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


Ternium Cyclically Adjusted Revenue per Share Related Terms


Ternium Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Ternium'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.

Ternium Cyclically Adjusted Revenue per Share Chart

Ternium 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 295.23 319.67 317.36 425.34 413.97

Ternium 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 406.86 398.13 399.63 413.97 393.96

BSP:TXSA34 vs CLF, WS, NWPX: Cyclically Adjusted Revenue per Share Comparison

For the Steel subindustry, Ternium'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.


Ternium Cyclically Adjusted PS Ratio vs Steel Industry

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

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


BSP:TXSA34
61GF Score
Ternium SA BSP:TXSA34
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ternium 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, Ternium'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)
=10.48/127.1600*127.1600
=10.480

Current CPI (Mar. 2026) = 127.1600.

Ternium Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.249 100.660 4.104
201609 3.076 100.750 3.882
201612 3.160 101.040 3.977
201703 3.306 101.780 4.130
201706 3.899 102.170 4.853
201709 4.045 102.520 5.017
201712 4.645 102.410 5.768
201803 4.672 102.900 5.773
201806 5.806 103.650 7.123
201809 6.277 104.580 7.632
201812 5.215 104.320 6.357
201903 5.353 105.140 6.474
201906 5.416 105.550 6.525
201909 5.141 105.900 6.173
201912 4.704 106.080 5.639
202003 5.654 106.040 6.780
202006 4.614 106.340 5.517
202009 5.883 106.620 7.016
202012 6.761 106.670 8.060
202103 9.327 108.140 10.967
202106 10.041 108.680 11.748
202109 12.349 109.470 14.345
202112 12.472 111.090 14.276
202203 10.913 114.780 12.090
202206 11.411 116.750 12.428
202209 11.020 117.000 11.977
202212 9.476 117.060 10.294
202303 9.614 118.910 10.281
202306 9.572 120.460 10.104
202309 13.044 121.740 13.625
202312 12.307 121.170 12.915
202403 12.121 122.590 12.573
202406 12.385 123.120 12.791
202409 12.639 123.300 13.035
202412 12.047 122.430 12.512
202503 11.536 124.210 11.810
202506 11.150 125.820 11.269
202509 10.804 126.570 10.854
202512 10.491 126.180 10.572
202603 10.480 127.160 10.480

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$393.96 mean?
Ternium (BSP:TXSA34) has a Cyclically Adjusted Revenue per Share of R$393.96 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 Ternium and its competitors.
Is Ternium's Cyclically Adjusted Revenue per Share too high?
Ternium's current Cyclically Adjusted Revenue per Share is R$393.96. Overall, Ternium has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ternium's Cyclically Adjusted Revenue per Share compare to CLF and WS?
Ternium's Cyclically Adjusted Revenue per Share of R$393.96 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 Ternium and its competitors. Ternium's current Cyclically Adjusted Revenue per Share is R$393.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ternium stock overvalued right now?
Based on GuruFocus' analysis, Ternium (BSP:TXSA34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$187.34, compared to a current price of R$249.25 — trading 33% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is R$393.96. Ternium's overall GF Score™ is 61/100 with 12 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 Ternium (BSP:TXSA34), the current Cyclically Adjusted Revenue per Share is R$393.96 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 Ternium (BSP:TXSA34) Overvalued in 2026?

Based on GuruFocus' analysis, Ternium stock appears to be overvalued. The current stock price of R$249.25 is trading 33% above its estimated GF Value™ of R$187.34. GuruFocus considers Ternium to be Significantly Overvalued.

Key valuation signals for BSP:TXSA34:

  • Cyclically Adjusted Revenue per Share: R$393.96
  • GF Value™: R$187.34 vs. price of R$249.25 (33% above fair value)
  • GF Score™: 61/100 with 12 warning signs

No single metric tells the full story. See the BSP:TXSA34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ternium Business Description

Address 26 Boulevard Royal, 4th Floor, Luxembourg, LUX, 2449
Ternium SA is a flat steel producer operating in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America. It produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers and steel processors or end-users. The company operates in two segments: Steel and Mining. In its Steel segment, the company produces slabs, billets & round bars, hot-rolled coils & sheets, bars & stirrups, wire rods, steel pipes, and other products. The Mining segment sells iron ore as concentrates (fines) and pellets. The vast majority of its revenue comes from the Steel segment and geographically from Mexico.
61GF Score

Get the complete analysis for BSP:TXSA34

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

R$249.25
Price
R$187.34
GF Value