Webstep ASA (FRA:5ZF) Cyclically Adjusted Revenue per Share: €2.87 (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:5ZF Webstep ASA FRA:5ZF
61 GF Score
Price €1.23
GF Value €1.96
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Webstep ASA Cyclically Adjusted Revenue per Share?

Webstep ASA FRA:5ZF 61 Cyclically Adjusted Revenue per Share is €2.87 as of Mar. 2026. GuruFocus rates FRA:5ZF with a GF Score™ of 61/100 and a GF Value™ of €1.96 (Significantly Undervalued). 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.

Webstep ASA's adjusted revenue per share for the three months ended in Mar. 2026 was €0.718. 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 €2.87 for the trailing ten years ended in Mar. 2026.

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.

As of today (2026-07-23), Webstep ASA's current stock price is €1.23. Webstep ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €2.87. Webstep ASA's Cyclically Adjusted PS Ratio of today is 0.43.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Webstep ASA was 0.74. The lowest was 0.39. And the median was 0.55.


Webstep ASA  (FRA:5ZF) 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.

Webstep ASA's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1.23/2.87
=0.43

* 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 Webstep ASA was 0.74. The lowest was 0.39. And the median was 0.55.


Be Aware

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


Webstep ASA Cyclically Adjusted Revenue per Share Related Terms


Webstep ASA Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Webstep ASA'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.

Webstep ASA Cyclically Adjusted Revenue per Share Chart

Webstep ASA 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 0.00 0.00 0.00 0.00 2.70

Webstep ASA 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 0.00 2.84 2.78 2.70 2.87

FRA:5ZF vs IBM, ACN, FISV: Cyclically Adjusted Revenue per Share Comparison

For the Information Technology Services subindustry, Webstep ASA'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.


Webstep ASA Cyclically Adjusted PS Ratio vs Software Industry

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

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


FRA:5ZF
61GF Score
Webstep ASA FRA:5ZF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Webstep ASA 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, Webstep ASA'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)
=0.718/141.0300*141.0300
=0.718

Current CPI (Mar. 2026) = 141.0300.

Webstep ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.771 103.800 1.048
201609 0.636 104.200 0.861
201612 0.804 104.400 1.086
201703 0.857 105.000 1.151
201706 0.737 105.800 0.982
201709 0.648 105.900 0.863
201712 0.656 106.100 0.872
201803 0.690 107.300 0.907
201806 0.698 108.500 0.907
201809 0.542 109.500 0.698
201812 0.674 109.800 0.866
201903 0.714 110.400 0.912
201906 0.625 110.600 0.797
201909 0.521 111.100 0.661
201912 0.663 111.300 0.840
202003 0.606 111.200 0.769
202006 0.602 112.100 0.757
202009 0.508 112.900 0.635
202012 0.665 112.900 0.831
202103 0.708 114.600 0.871
202106 0.705 115.300 0.862
202109 0.597 117.500 0.717
202112 0.783 118.900 0.929
202203 0.867 119.800 1.021
202206 0.754 122.600 0.867
202209 0.687 125.600 0.771
202212 0.852 125.900 0.954
202303 0.884 127.600 0.977
202306 0.650 130.400 0.703
202309 0.580 129.800 0.630
202312 0.706 131.900 0.755
202403 0.716 132.600 0.762
202406 0.719 133.800 0.758
202409 0.572 133.700 0.603
202412 0.738 134.800 0.772
202503 0.787 136.100 0.816
202506 0.711 137.800 0.728
202509 0.584 138.500 0.595
202512 0.664 139.100 0.673
202603 0.718 141.030 0.718

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 €2.87 mean?
Webstep ASA (FRA:5ZF) has a Cyclically Adjusted Revenue per Share of €2.87 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 Webstep ASA and its competitors.
Is Webstep ASA's Cyclically Adjusted Revenue per Share too high?
Webstep ASA's current Cyclically Adjusted Revenue per Share is €2.87. Overall, Webstep ASA has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Webstep ASA's Cyclically Adjusted Revenue per Share compare to IBM and ACN?
Webstep ASA's Cyclically Adjusted Revenue per Share of €2.87 can be compared against companies in the Software 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 Software company?
A good Cyclically Adjusted Revenue per Share depends on the Software 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 Webstep ASA and its competitors. Webstep ASA's current Cyclically Adjusted Revenue per Share is €2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Webstep ASA stock overvalued right now?
Based on GuruFocus' analysis, Webstep ASA (FRA:5ZF) is currently considered Significantly Undervalued. The stock's GF Value™ is €1.96, compared to a current price of €1.23 — trading 37.2% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €2.87. Webstep ASA's overall GF Score™ is 61/100 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 Webstep ASA (FRA:5ZF), the current Cyclically Adjusted Revenue per Share is €2.87 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 Webstep ASA (FRA:5ZF) Overvalued in 2026?

Based on GuruFocus' analysis, Webstep ASA stock appears to be undervalued. The current stock price of €1.23 is trading 37.2% below its estimated GF Value™ of €1.96. GuruFocus considers Webstep ASA to be Significantly Undervalued.

Key valuation signals for FRA:5ZF:

  • Cyclically Adjusted Revenue per Share: €2.87
  • GF Value™: €1.96 vs. price of €1.23 (37.2% below fair value)
  • GF Score™: 61/100 with 5 warning signs

No single metric tells the full story. See the FRA:5ZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Webstep ASA Business Description

Address Universitetsgata 2, Rebel, Oslo, NOR, NO-0164
Webstep ASA is engaged in the provision of information technology (IT) consultancy services. Its core digitalization offerings include digitalization, cloud migration, and integration. In addition, it also focused on the Internet of Things (IoT), machine learning, and analytics. The group has cross-functional expertise in cloud services and infrastructure, security, mobility, analytics, and AI. It operates in Sweden.
61GF Score

Get the complete analysis for FRA:5ZF

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

€1.23
Price
€1.96
GF Value