The North West Co (FRA:3NW) Cyclically Adjusted Revenue per Share: €32.60 (As of Apr. 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:3NW The North West Co Inc FRA:3NW
86 GF Score
Price €31.00
GF Value €29.21
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is The North West Co Cyclically Adjusted Revenue per Share?

The North West Co FRA:3NW -1.27% 86 Cyclically Adjusted Revenue per Share is €32.60 as of Apr. 2026. GuruFocus rates FRA:3NW with a GF Score™ of 86/100 and a GF Value™ of €29.21 (Fairly Valued). 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.

The North West Co's adjusted revenue per share for the three months ended in Apr. 2026 was €8.075. 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 €32.60 for the trailing ten years ended in Apr. 2026.

During the past 12 months, The North West Co's average Cyclically Adjusted Revenue Growth Rate was 3.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.40% 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 The North West Co was 8.20% per year. The lowest was 3.50% per year. And the median was 6.10% per year.

As of today (2026-07-26), The North West Co's current stock price is €31.00. The North West Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was €32.60. The North West Co's Cyclically Adjusted PS Ratio of today is 0.95.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of The North West Co was 1.11. The lowest was 0.49. And the median was 0.83.


The North West Co  (FRA:3NW) 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.

The North West Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=31.00/32.60
=0.95

* 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 The North West Co was 1.11. The lowest was 0.49. And the median was 0.83.


Be Aware

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


The North West Co Cyclically Adjusted Revenue per Share Related Terms


The North West Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for The North West Co'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.

The North West Co Cyclically Adjusted Revenue per Share Chart

The North West Co Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.64 31.50 33.36 33.85 32.14

The North West Co Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 31.71 32.92 31.79 32.14 32.60

FRA:3NW vs KR, SFM, ACI: Cyclically Adjusted Revenue per Share Comparison

For the Grocery Stores subindustry, The North West Co'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.


The North West Co Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, The North West Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:3NW
86GF Score
The North West Co Inc FRA:3NW
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The North West Co 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, The North West Co's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=8.075/132.7364*132.7364
=8.075

Current CPI (Apr. 2026) = 132.7364.

The North West Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 6.520 101.844 8.498
201610 6.480 102.002 8.433
201701 6.997 102.318 9.077
201704 6.863 103.029 8.842
201707 7.148 103.029 9.209
201710 6.693 103.424 8.590
201801 6.613 104.056 8.436
201804 6.063 105.320 7.641
201807 6.682 106.110 8.359
201810 6.958 105.952 8.717
201901 7.147 105.557 8.987
201904 6.684 107.453 8.257
201907 7.288 108.243 8.937
201910 7.206 107.927 8.862
202001 7.699 108.085 9.455
202004 7.861 107.216 9.732
202007 8.464 108.401 10.364
202010 7.207 108.638 8.806
202101 7.269 109.192 8.836
202104 7.470 110.851 8.945
202107 7.761 112.431 9.163
202110 7.843 113.695 9.157
202201 8.325 114.801 9.626
202204 8.368 118.357 9.385
202207 9.030 120.964 9.909
202210 9.037 121.517 9.871
202301 8.942 121.596 9.761
202304 8.276 123.571 8.890
202307 8.720 124.914 9.266
202310 8.810 125.310 9.332
202401 9.079 125.072 9.635
202404 8.689 126.890 9.089
202407 8.970 128.075 9.296
202410 8.757 127.838 9.093
202501 9.304 127.443 9.690
202504 8.373 129.102 8.609
202507 8.302 130.290 8.458
202510 8.000 130.603 8.131
202601 8.609 130.366 8.766
202604 8.075 132.736 8.075

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 €32.60 mean?
The North West Co (FRA:3NW) has a Cyclically Adjusted Revenue per Share of €32.60 as of Apr. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on The North West Co and its competitors.
Is The North West Co's Cyclically Adjusted Revenue per Share too high?
The North West Co's current Cyclically Adjusted Revenue per Share is €32.60. Overall, The North West Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The North West Co's Cyclically Adjusted Revenue per Share compare to KR and SFM?
The North West Co's Cyclically Adjusted Revenue per Share of €32.60 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Cyclically Adjusted Revenue per Share depends on the Retail - Defensive 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 The North West Co and its competitors. The North West Co's current Cyclically Adjusted Revenue per Share is €32.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The North West Co stock overvalued right now?
Based on GuruFocus' analysis, The North West Co (FRA:3NW) is currently considered Fairly Valued. The stock's GF Value™ is €29.21, compared to a current price of €31.00 — trading 6.1% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €32.60. The North West Co's overall GF Score™ is 86/100 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 The North West Co (FRA:3NW), the current Cyclically Adjusted Revenue per Share is €32.60 as of Apr. 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 The North West Co (FRA:3NW) Overvalued in 2026?

Based on GuruFocus' analysis, The North West Co stock appears to be overvalued. The current stock price of €31.00 is trading 6.1% above its estimated GF Value™ of €29.21. GuruFocus considers The North West Co to be Fairly Valued.

Key valuation signals for FRA:3NW:

  • Cyclically Adjusted Revenue per Share: €32.60
  • GF Value™: €29.21 vs. price of €31.00 (6.1% above fair value)
  • GF Score™: 86/100 with 3 warning signs

No single metric tells the full story. See the FRA:3NW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The North West Co Business Description

Address 77 Main Street, Gibraltar House, Winnipeg, MB, CAN, R3C 2R1
The North West Co Inc is a retailer to rural and remote communities and underserved urban neighbourhood markets in Northern Canada, Western Canada, rural Alaska, the South Pacific islands, and the Caribbean. The Company offers a broad Multiple products and services with an emphasis on food, focusing on everyday household and local lifestyle needs. It operates as a retailer of food and everyday products and services through two geographical segments: Canadian and International. The Canadian segment generates maximum revenue and consists of subsidiaries operating retail stores and complementary businesses serving northern Canada, while the International segment consists of subsidiaries operating in the continental United States, the Caribbean, and the South Pacific.
86GF Score

Get the complete analysis for FRA:3NW

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

€31.00
Price
€29.21
GF Value