Maxell (FRA:0H2) Cyclically Adjusted Revenue per Share: €16.70 (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.

FRA:0H2 Maxell Ltd FRA:0H2
76 GF Score
Price €11.10
GF Value €10.63
! 1 Warning Sign
View Full Analysis

What is Maxell Cyclically Adjusted Revenue per Share?

Maxell FRA:0H2 76 Cyclically Adjusted Revenue per Share is €16.70 as of Mar. 2026. GuruFocus rates FRA:0H2 with a GF Score™ of 76/100 and a GF Value™ of €10.63. The stock has 1 warning sign 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.

Maxell's adjusted revenue per share for the three months ended in Mar. 2026 was €4.417. 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 €16.70 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Maxell's average Cyclically Adjusted Revenue Growth Rate was 0.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.50% 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 Maxell was 4.40% per year. The lowest was 2.00% per year. And the median was 4.40% per year.

As of today (2026-07-23), Maxell's current stock price is €11.10. Maxell's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €16.70. Maxell's Cyclically Adjusted PS Ratio of today is 0.66.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Maxell was 0.79. The lowest was 0.42. And the median was 0.53.


Maxell  (FRA:0H2) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=11.10/16.70
=0.66

* 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 Maxell was 0.79. The lowest was 0.42. And the median was 0.53.


Be Aware

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


Maxell Cyclically Adjusted Revenue per Share Related Terms


Maxell Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Maxell'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.

Maxell Cyclically Adjusted Revenue per Share Chart

Maxell 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 19.40 19.55 17.85 18.78 16.70

Maxell 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 18.78 18.05 17.51 16.68 16.70

FRA:0H2 vs AAPL: Cyclically Adjusted Revenue per Share Comparison

For the Consumer Electronics subindustry, Maxell'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.


Maxell Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Maxell's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:0H2
76GF Score
Maxell Ltd FRA:0H2
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maxell 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, Maxell'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)
=4.417/112.7000*112.7000
=4.417

Current CPI (Mar. 2026) = 112.7000.

Maxell Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 5.228 98.100 6.006
201609 5.516 98.000 6.343
201612 5.422 98.400 6.210
201703 5.338 98.100 6.132
201706 5.094 98.500 5.828
201709 5.655 98.800 6.451
201712 5.507 99.400 6.244
201803 5.254 99.200 5.969
201806 4.985 99.200 5.663
201809 5.316 99.900 5.997
201812 5.567 99.700 6.293
201903 6.393 99.700 7.227
201906 5.646 99.800 6.376
201909 6.049 100.100 6.810
201912 6.209 100.500 6.963
202003 5.718 100.300 6.425
202006 5.000 99.900 5.641
202009 5.476 99.900 6.178
202012 6.356 99.300 7.214
202103 5.581 99.900 6.296
202106 5.324 99.500 6.030
202109 5.356 100.100 6.030
202112 5.548 100.100 6.246
202203 5.212 101.100 5.810
202206 4.624 101.800 5.119
202209 4.846 103.100 5.297
202212 5.090 104.100 5.510
202303 5.090 104.400 5.495
202306 4.592 105.200 4.919
202309 4.618 106.200 4.901
202312 4.402 106.800 4.645
202403 4.264 107.200 4.483
202406 4.045 108.200 4.213
202409 4.473 108.900 4.629
202412 4.562 110.700 4.644
202503 4.835 111.100 4.905
202506 4.212 111.700 4.250
202509 4.594 112.000 4.623
202512 4.107 113.000 4.096
202603 4.417 112.700 4.417

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 €16.70 mean?
Maxell (FRA:0H2) has a Cyclically Adjusted Revenue per Share of €16.70 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 Maxell and its competitors.
Is Maxell's Cyclically Adjusted Revenue per Share too high?
Maxell's current Cyclically Adjusted Revenue per Share is €16.70. Overall, Maxell has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Maxell's Cyclically Adjusted Revenue per Share compare to AAPL?
Maxell's Cyclically Adjusted Revenue per Share of €16.70 can be compared against companies in the Hardware 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 Hardware company?
A good Cyclically Adjusted Revenue per Share depends on the Hardware 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 Maxell and its competitors. Maxell's current Cyclically Adjusted Revenue per Share is €16.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maxell stock overvalued right now?
Maxell (FRA:0H2) has a current Cyclically Adjusted Revenue per Share of €16.70. The stock's GF Value™ is €10.63, compared to a current price of €11.10 — trading 4.4% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €16.70. Maxell's overall GF Score™ is 76/100 with 1 warning sign 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 Maxell (FRA:0H2), the current Cyclically Adjusted Revenue per Share is €16.70 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 Maxell (FRA:0H2) Overvalued in 2026?

Based on GuruFocus' analysis, Maxell stock appears to be overvalued. The current stock price of €11.10 is trading 4.4% above its estimated GF Value™ of €10.63.

Key valuation signals for FRA:0H2:

  • Cyclically Adjusted Revenue per Share: €16.70
  • GF Value™: €10.63 vs. price of €11.10 (4.4% above fair value)
  • GF Score™: 76/100 with 1 warning sign

No single metric tells the full story. See the FRA:0H2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maxell Business Description

Other Exchanges 6810:Japan
Address 2-16-2, Konan, Minato-ku, Taiyo-Life Shinagawa Building 21sr Floor, Tokyo, JPN, 108-8248
Maxell Ltd is a Japan-based company that is engaged in manufacturing and selling energy products, industrial materials products, and electronic appliance and consumer products. The company focuses on several business areas, including automotive, home life and infrastructure, health and beauty care, and business and consumer. The company provides a broad range of products, including primary batteries, rechargeable batteries, electroforming, data storage, adhesive tapes, inks, functional films, display equipment, lens units, optical components, and wellness and beauty care.
76GF Score

Get the complete analysis for FRA:0H2

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

€11.10
Price
€10.63
GF Value