Tenaga Nasional Bhd (FRA:6TN0) Cyclically Adjusted Revenue per Share: €8.17 (As of Jun. 2026)

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FRA:6TN0 Tenaga Nasional Bhd FRA:6TN0
60 GF Score
Price €10.50
GF Value €11.34
Valuation Fairly Valued
! 9 Warning Signs
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What is Tenaga Nasional Bhd Cyclically Adjusted Revenue per Share?

Tenaga Nasional Bhd FRA:6TN0 -16.67% 60 Cyclically Adjusted Revenue per Share is €8.17 as of Jun. 2026. GuruFocus rates FRA:6TN0 with a GF Score™ of 60/100 and a GF Value™ of €11.34 (Fairly Valued). The stock has 9 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.

Tenaga Nasional Bhd's adjusted revenue per share for the three months ended in Jun. 2026 was €2.673. 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 €8.17 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Tenaga Nasional Bhd's average Cyclically Adjusted Revenue Growth Rate was 4.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.50% 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 Tenaga Nasional Bhd was 5.70% per year. The lowest was 3.30% per year. And the median was 4.20% per year.

As of today (2026-09-04), Tenaga Nasional Bhd's current stock price is €10.50. Tenaga Nasional Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €8.17. Tenaga Nasional Bhd's Cyclically Adjusted PS Ratio of today is 1.29.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tenaga Nasional Bhd was 1.51. The lowest was 0.83. And the median was 1.20.


Tenaga Nasional Bhd  (FRA:6TN0) 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.

Tenaga Nasional Bhd's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=10.50/8.17
=1.29

* 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 Tenaga Nasional Bhd was 1.51. The lowest was 0.83. And the median was 1.20.


Be Aware

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


Tenaga Nasional Bhd Cyclically Adjusted Revenue per Share Related Terms


Tenaga Nasional Bhd Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Tenaga Nasional Bhd'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.

Tenaga Nasional Bhd Cyclically Adjusted Revenue per Share Chart

Tenaga Nasional Bhd Annual Data
Trend Aug16 Aug17 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 8.14

Tenaga Nasional Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 6.24 7.24 8.14 8.38 8.17

FRA:6TN0 vs NEE, SO, DUK: Cyclically Adjusted Revenue per Share Comparison

For the Utilities - Regulated Electric subindustry, Tenaga Nasional Bhd'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.


Tenaga Nasional Bhd Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Tenaga Nasional Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:6TN0
60GF Score
Tenaga Nasional Bhd FRA:6TN0
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tenaga Nasional Bhd 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, Tenaga Nasional Bhd's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=2.673/333.9520*333.9520
=2.673

Current CPI (Jun. 2026) = 333.9520.

Tenaga Nasional Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 1.761 240.849 2.442
201611 1.703 241.353 2.356
201702 1.668 243.603 2.287
201705 1.860 244.733 2.538
201708 1.716 245.519 2.334
201711 1.671 246.669 2.262
201803 1.797 249.554 2.405
201806 1.886 251.989 2.499
201809 1.906 252.439 2.521
201812 1.845 251.233 2.452
201903 2.022 254.202 2.656
201906 1.927 256.143 2.512
201909 1.931 256.759 2.512
201912 1.859 256.974 2.416
202003 1.722 258.115 2.228
202006 1.591 257.797 2.061
202009 1.597 260.280 2.049
202012 1.443 260.474 1.850
202103 1.639 264.877 2.066
202106 1.751 271.696 2.152
202109 1.843 274.310 2.244
202112 1.641 278.802 1.966
202203 1.827 287.504 2.122
202206 1.919 296.311 2.163
202209 1.996 296.808 2.246
202212 1.911 296.797 2.150
202303 1.825 301.836 2.019
202306 1.846 305.109 2.021
202309 1.869 307.789 2.028
202312 1.855 306.746 2.020
202403 1.832 312.332 1.959
202406 1.954 314.175 2.077
202409 2.092 315.301 2.216
202412 2.119 315.605 2.242
202503 2.297 319.799 2.399
202506 2.367 322.561 2.451
202509 2.398 324.800 2.466
202512 2.525 324.054 2.602
202603 2.570 330.213 2.599
202606 2.673 333.952 2.673

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 €8.17 mean?
Tenaga Nasional Bhd (FRA:6TN0) has a Cyclically Adjusted Revenue per Share of €8.17 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tenaga Nasional Bhd and its competitors.
Is Tenaga Nasional Bhd's Cyclically Adjusted Revenue per Share too high?
Tenaga Nasional Bhd's current Cyclically Adjusted Revenue per Share is €8.17. Overall, Tenaga Nasional Bhd has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tenaga Nasional Bhd's Cyclically Adjusted Revenue per Share compare to NEE and SO?
Tenaga Nasional Bhd's Cyclically Adjusted Revenue per Share of €8.17 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Cyclically Adjusted Revenue per Share depends on the Utilities - Regulated 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 Tenaga Nasional Bhd and its competitors. Tenaga Nasional Bhd's current Cyclically Adjusted Revenue per Share is €8.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenaga Nasional Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tenaga Nasional Bhd (FRA:6TN0) is currently considered Fairly Valued. The stock's GF Value™ is €11.34, compared to a current price of €10.50 — trading 7.4% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €8.17. Tenaga Nasional Bhd's overall GF Score™ is 60/100 with 9 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 Tenaga Nasional Bhd (FRA:6TN0), the current Cyclically Adjusted Revenue per Share is €8.17 as of Jun. 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 Tenaga Nasional Bhd (FRA:6TN0) Overvalued in 2026?

Based on GuruFocus' analysis, Tenaga Nasional Bhd stock appears to be undervalued. The current stock price of €10.50 is trading 7.4% below its estimated GF Value™ of €11.34. GuruFocus considers Tenaga Nasional Bhd to be Fairly Valued.

Key valuation signals for FRA:6TN0:

  • Cyclically Adjusted Revenue per Share: €8.17
  • GF Value™: €11.34 vs. price of €10.50 (7.4% below fair value)
  • GF Score™: 60/100 with 9 warning signs

No single metric tells the full story. See the FRA:6TN0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tenaga Nasional Bhd Business Description

Address No. 3, Jalan Bukit Pantai, Tingkat 16, Tower A, TNB Platinum, Pejabat Setiausaha Syarikat, Bangsar, Kuala Lumpur, SGR, MYS, 59100
Tenaga Nasional Bhd is an electric utility company in Malaysia. The company is involved in the generation, transmission, distribution, and retail of electricity. TNB segments includes Power Generation, Grid, Distribution Network, and Retail. The company encompasses the company's portfolio of thermal and hydroelectric power plants located throughout Malaysia. Through its subsidiaries, TNB also engages in other energy-related operations, such as the manufacturing of transformers. The company generates maximum revenue through the sale of electricity in Malaysia. Its customers are mainly commercial operations, residential consumers, and large industrial entities.
60GF Score

Get the complete analysis for FRA:6TN0

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

€10.50
Price
€11.34
GF Value