HCA Healthcare (FRA:2BH) Cyclically Adjusted Revenue per Share: €190.55 (As of Mar. 2026)

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FRA:2BH HCA Healthcare Inc FRA:2BH
95 GF Score
Price €335.10
GF Value €392.84
Valuation Modestly Undervalued
! 3 Warning Signs
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What is HCA Healthcare Cyclically Adjusted Revenue per Share?

HCA Healthcare FRA:2BH +3.55% 95 Cyclically Adjusted Revenue per Share is €190.55 as of Mar. 2026. GuruFocus rates FRA:2BH with a GF Score™ of 95/100 and a GF Value™ of €392.84 (Modestly Undervalued). The stock has 3 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.

HCA Healthcare's adjusted revenue per share for the three months ended in Mar. 2026 was €72.928. 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 €190.55 for the trailing ten years ended in Mar. 2026.

During the past 12 months, HCA Healthcare's average Cyclically Adjusted Revenue Growth Rate was 13.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 13.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 10.50% 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 HCA Healthcare was 14.90% per year. The lowest was 3.10% per year. And the median was 7.15% per year.

As of today (2026-07-26), HCA Healthcare's current stock price is €335.10. HCA Healthcare's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €190.55. HCA Healthcare's Cyclically Adjusted PS Ratio of today is 1.76.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of HCA Healthcare was 2.55. The lowest was 0.77. And the median was 1.53.


HCA Healthcare  (FRA:2BH) 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.

HCA Healthcare's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=335.10/190.55
=1.76

* 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 HCA Healthcare was 2.55. The lowest was 0.77. And the median was 1.53.


Be Aware

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


HCA Healthcare Cyclically Adjusted Revenue per Share Related Terms


HCA Healthcare Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for HCA Healthcare'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.

HCA Healthcare Cyclically Adjusted Revenue per Share Chart

HCA Healthcare 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 113.18 136.98 150.03 182.44 182.03

HCA Healthcare 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 180.83 169.02 176.79 182.03 190.55

FRA:2BH vs THC, DVA, EHC: Cyclically Adjusted Revenue per Share Comparison

For the Medical Care Facilities subindustry, HCA Healthcare'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.


HCA Healthcare Cyclically Adjusted PS Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, HCA Healthcare's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:2BH
95GF Score
HCA Healthcare Inc FRA:2BH
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HCA Healthcare 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, HCA Healthcare'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)
=72.928/330.2130*330.2130
=72.928

Current CPI (Mar. 2026) = 330.2130.

HCA Healthcare Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 23.037 241.018 31.562
201609 23.488 241.428 32.126
201612 26.224 241.432 35.867
201703 26.140 243.801 35.405
201706 25.450 244.955 34.308
201709 24.265 246.819 32.464
201712 26.852 246.524 35.968
201803 25.751 249.554 34.074
201806 27.796 251.989 36.425
201809 27.750 252.439 36.300
201812 30.577 251.233 40.189
201903 31.622 254.202 41.078
201906 32.014 256.143 41.272
201909 33.170 256.759 42.659
201912 35.098 256.974 45.101
202003 33.825 258.115 43.273
202006 28.772 257.797 36.854
202009 32.914 260.280 41.757
202012 34.017 260.474 43.125
202103 34.197 264.877 42.632
202106 36.021 271.696 43.779
202109 40.072 274.310 48.238
202112 42.287 278.802 50.085
202203 44.148 287.504 50.706
202206 47.354 296.311 52.772
202209 52.167 296.808 58.038
202212 51.230 296.797 56.998
202303 51.829 301.836 56.702
202306 52.623 305.109 56.953
202309 55.157 307.789 59.175
202312 58.521 306.746 62.998
202403 59.518 312.332 62.925
202406 61.537 314.175 64.678
202409 60.619 315.301 63.486
202412 68.409 315.605 71.575
202503 67.940 319.799 70.152
202506 66.680 322.561 68.262
202509 69.121 324.800 70.273
202512 72.263 324.054 73.636
202603 72.928 330.213 72.928

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 €190.55 mean?
HCA Healthcare (FRA:2BH) has a Cyclically Adjusted Revenue per Share of €190.55 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 HCA Healthcare and its competitors.
Is HCA Healthcare's Cyclically Adjusted Revenue per Share too high?
HCA Healthcare's current Cyclically Adjusted Revenue per Share is €190.55. Overall, HCA Healthcare has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HCA Healthcare's Cyclically Adjusted Revenue per Share compare to THC and DVA?
HCA Healthcare's Cyclically Adjusted Revenue per Share of €190.55 can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Cyclically Adjusted Revenue per Share depends on the Healthcare Providers & Services 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 HCA Healthcare and its competitors. HCA Healthcare's current Cyclically Adjusted Revenue per Share is €190.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HCA Healthcare stock overvalued right now?
Based on GuruFocus' analysis, HCA Healthcare (FRA:2BH) is currently considered Modestly Undervalued. The stock's GF Value™ is €392.84, compared to a current price of €335.10 — trading 14.7% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €190.55. HCA Healthcare's overall GF Score™ is 95/100 with 3 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 HCA Healthcare (FRA:2BH), the current Cyclically Adjusted Revenue per Share is €190.55 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 HCA Healthcare (FRA:2BH) Overvalued in 2026?

Based on GuruFocus' analysis, HCA Healthcare stock appears to be undervalued. The current stock price of €335.10 is trading 14.7% below its estimated GF Value™ of €392.84. GuruFocus considers HCA Healthcare to be Modestly Undervalued.

Key valuation signals for FRA:2BH:

  • Cyclically Adjusted Revenue per Share: €190.55
  • GF Value™: €392.84 vs. price of €335.10 (14.7% below fair value)
  • GF Score™: 95/100 with 3 warning signs

No single metric tells the full story. See the FRA:2BH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HCA Healthcare Business Description

Address One Park Plaza, Nashville, TN, USA, 37203
HCA Healthcare is a Nashville-based healthcare provider organization operating the largest collection of acute-care hospitals in the United States. As of December 2025, the firm owned and operated 190 hospitals and over 2,500 outpatient facillities across 19 states and a small foothold in the United Kingdom.
95GF Score

Get the complete analysis for FRA:2BH

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

€335.10
Price
€392.84
GF Value