Azimut Holding SpA (CHIX:AZMM) Cyclically Adjusted Revenue per Share: €8.92 (As of Mar. 2026)

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CHIX:AZMM Azimut Holding SpA CHIX:AZMM
84 GF Score
Price €36.81
GF Value €29.32
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Azimut Holding SpA Cyclically Adjusted Revenue per Share?

Azimut Holding SpA CHIX:AZMM +0.25% 84 Cyclically Adjusted Revenue per Share is €8.92 as of Mar. 2026. GuruFocus rates CHIX:AZMM with a GF Score™ of 84/100 and a GF Value™ of €29.32 (Modestly Overvalued). The stock has 5 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.

Azimut Holding SpA's adjusted revenue per share for the three months ended in Mar. 2026 was €2.607. 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 €8.92 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Azimut Holding SpA's average Cyclically Adjusted Revenue Growth Rate was 6.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 12.50% 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 Azimut Holding SpA was 18.10% per year. The lowest was 7.40% per year. And the median was 13.50% per year.

As of today (2026-07-17), Azimut Holding SpA's current stock price is €36.81. Azimut Holding SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €8.92. Azimut Holding SpA's Cyclically Adjusted PS Ratio of today is 4.13.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Azimut Holding SpA was 5.82. The lowest was 2.30. And the median was 3.68.


Azimut Holding SpA  (CHIX:AZMm) 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.

Azimut Holding SpA's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=36.81/8.92
=4.13

* 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 Azimut Holding SpA was 5.82. The lowest was 2.30. And the median was 3.68.


Be Aware

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


Azimut Holding SpA Cyclically Adjusted Revenue per Share Related Terms


Azimut Holding SpA Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Azimut Holding SpA'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.

Azimut Holding SpA Cyclically Adjusted Revenue per Share Chart

Azimut Holding SpA 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 5.31 6.65 7.18 8.09 8.34

Azimut Holding SpA 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 7.92 7.70 8.22 8.34 8.92

CHIX:AZMM vs BLK, BX, KKR: Cyclically Adjusted Revenue per Share Comparison

For the Asset Management subindustry, Azimut Holding SpA'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.


Azimut Holding SpA Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Azimut Holding SpA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


CHIX:AZMM
84GF Score
Azimut Holding SpA CHIX:AZMM
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Azimut Holding SpA 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, Azimut Holding SpA'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)
=2.607/124.5600*124.5600
=2.607

Current CPI (Mar. 2026) = 124.5600.

Azimut Holding SpA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.209 99.900 1.507
201609 1.254 100.100 1.560
201612 1.406 100.300 1.746
201703 1.447 101.000 1.785
201706 1.369 101.100 1.687
201709 1.221 101.200 1.503
201712 1.501 101.200 1.847
201803 1.243 101.800 1.521
201806 1.311 102.400 1.595
201809 1.278 102.600 1.552
201812 1.141 102.300 1.389
201903 1.561 102.800 1.891
201906 1.522 103.100 1.839
201909 1.532 102.900 1.854
201912 2.108 102.800 2.554
202003 1.459 102.900 1.766
202006 1.548 102.900 1.874
202009 1.540 102.300 1.875
202012 2.136 102.600 2.593
202103 1.691 103.700 2.031
202106 1.860 104.200 2.223
202109 1.911 104.900 2.269
202112 3.946 106.600 4.611
202203 2.364 110.400 2.667
202206 2.597 112.500 2.875
202209 2.125 114.200 2.318
202212 2.143 119.000 2.243
202303 2.371 118.800 2.486
202306 2.384 119.700 2.481
202309 2.343 120.300 2.426
202312 1.622 119.700 1.688
202403 2.312 120.200 2.396
202406 2.257 120.700 2.329
202409 2.231 121.200 2.293
202412 2.682 121.200 2.756
202503 2.265 122.500 2.303
202506 2.324 122.700 2.359
202509 2.576 123.100 2.607
202512 2.777 122.600 2.821
202603 2.607 124.560 2.607

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 €8.92 mean?
Azimut Holding SpA (CHIX:AZMM) has a Cyclically Adjusted Revenue per Share of €8.92 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 Azimut Holding SpA and its competitors.
Is Azimut Holding SpA's Cyclically Adjusted Revenue per Share too high?
Azimut Holding SpA's current Cyclically Adjusted Revenue per Share is €8.92. Overall, Azimut Holding SpA has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Azimut Holding SpA's Cyclically Adjusted Revenue per Share compare to BLK and BX?
Azimut Holding SpA's Cyclically Adjusted Revenue per Share of €8.92 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Cyclically Adjusted Revenue per Share depends on the Asset Management 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 Azimut Holding SpA and its competitors. Azimut Holding SpA's current Cyclically Adjusted Revenue per Share is €8.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azimut Holding SpA stock overvalued right now?
Based on GuruFocus' analysis, Azimut Holding SpA (CHIX:AZMM) is currently considered Modestly Overvalued. The stock's GF Value™ is €29.32, compared to a current price of €36.81 — trading 25.5% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €8.92. Azimut Holding SpA's overall GF Score™ is 84/100 with 5 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 Azimut Holding SpA (CHIX:AZMM), the current Cyclically Adjusted Revenue per Share is €8.92 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 Azimut Holding SpA (CHIX:AZMM) Overvalued in 2026?

Based on GuruFocus' analysis, Azimut Holding SpA stock appears to be overvalued. The current stock price of €36.81 is trading 25.5% above its estimated GF Value™ of €29.32. GuruFocus considers Azimut Holding SpA to be Modestly Overvalued.

Key valuation signals for CHIX:AZMM:

  • Cyclically Adjusted Revenue per Share: €8.92
  • GF Value™: €29.32 vs. price of €36.81 (25.5% above fair value)
  • GF Score™: 84/100 with 5 warning signs

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


Azimut Holding SpA Business Description

Address Via Cusani 4, Milan, ITA, 20121
Azimut Holding SpA is a large independent asset management firm operating primarily in Italy but with an increasingly global presence. In Italy, its capital management division sells and manages Italian mutual funds, Italian hedge funds, and is active in the discretionary management of individual investment portfolios. Its international business operations involve the sale, management, and distribution of financial and insurance products. Its portfolio solutions encompass a broad array of strategies that cut across various traditional and alternative asset classes. A majority of its revenue is derived from recurring fees from assets under management.
84GF Score

Get the complete analysis for CHIX:AZMM

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

€36.81
Price
€29.32
GF Value