Caledonia Mining (FRA:9CD1) Cyclically Adjusted Revenue per Share: €8.63 (As of Mar. 2026)

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FRA:9CD1 Caledonia Mining Corp PLC FRA:9CD1
83 GF Score
Price €16.40
GF Value €18.70
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Caledonia Mining Cyclically Adjusted Revenue per Share?

Caledonia Mining FRA:9CD1 +3.80% 83 Cyclically Adjusted Revenue per Share is €8.63 as of Mar. 2026. GuruFocus rates FRA:9CD1 with a GF Score™ of 83/100 and a GF Value™ of €18.70 (Modestly 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.

Caledonia Mining's adjusted revenue per share for the three months ended in Mar. 2026 was €2.900. 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 €8.63 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Caledonia Mining's average Cyclically Adjusted Revenue Growth Rate was 12.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 10.10% 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 Caledonia Mining was 55.10% per year. The lowest was -43.10% per year. And the median was 6.90% per year.

As of today (2026-07-26), Caledonia Mining's current stock price is €16.40. Caledonia Mining's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €8.63. Caledonia Mining's Cyclically Adjusted PS Ratio of today is 1.90.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Caledonia Mining was 4.31. The lowest was 0.97. And the median was 1.54.


Caledonia Mining  (FRA:9CD1) 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.

Caledonia Mining's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=16.40/8.63
=1.90

* 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 Caledonia Mining was 4.31. The lowest was 0.97. And the median was 1.54.


Be Aware

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


Caledonia Mining Cyclically Adjusted Revenue per Share Related Terms


Caledonia Mining Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Caledonia Mining'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.

Caledonia Mining Cyclically Adjusted Revenue per Share Chart

Caledonia Mining 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 6.84 7.58 7.54 9.38 8.31

Caledonia Mining 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 8.33 8.34 8.32 8.31 8.63

FRA:9CD1 vs IDR, VGZ, USAU: Cyclically Adjusted Revenue per Share Comparison

For the Gold subindustry, Caledonia Mining'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.


Caledonia Mining Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Caledonia Mining's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:9CD1
83GF Score
Caledonia Mining Corp PLC FRA:9CD1
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Caledonia Mining 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, Caledonia Mining'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)
=2.9/330.2130*330.2130
=2.900

Current CPI (Mar. 2026) = 330.2130.

Caledonia Mining Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.288 241.018 1.765
201609 1.511 241.428 2.067
201612 1.360 241.432 1.860
201703 1.447 243.801 1.960
201706 1.191 244.955 1.606
201709 1.441 246.819 1.928
201712 1.647 246.524 2.206
201803 1.347 249.554 1.782
201806 1.278 251.989 1.675
201809 1.283 252.439 1.678
201812 1.529 251.233 2.010
201903 1.346 254.202 1.748
201906 1.324 256.143 1.707
201909 1.629 256.759 2.095
201912 2.116 256.974 2.719
202003 1.840 258.115 2.354
202006 1.704 257.797 2.183
202009 1.797 260.280 2.280
202012 2.055 260.474 2.605
202103 1.757 264.877 2.190
202106 1.939 271.696 2.357
202109 2.339 274.310 2.816
202112 2.429 278.802 2.877
202203 2.413 287.504 2.771
202206 2.706 296.311 3.016
202209 2.732 296.808 3.039
202212 2.676 296.797 2.977
202303 1.642 301.836 1.796
202306 1.781 305.109 1.928
202309 2.055 307.789 2.205
202312 1.848 306.746 1.989
202403 1.670 312.332 1.766
202406 2.360 314.175 2.480
202409 2.425 315.301 2.540
202412 2.441 315.605 2.554
202503 2.623 319.799 2.708
202506 2.930 322.561 3.000
202509 3.100 324.800 3.152
202512 3.494 324.054 3.560
202603 2.900 330.213 2.900

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 €8.63 mean?
Caledonia Mining (FRA:9CD1) has a Cyclically Adjusted Revenue per Share of €8.63 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 Caledonia Mining and its competitors.
Is Caledonia Mining's Cyclically Adjusted Revenue per Share too high?
Caledonia Mining's current Cyclically Adjusted Revenue per Share is €8.63. Overall, Caledonia Mining has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Caledonia Mining's Cyclically Adjusted Revenue per Share compare to IDR and VGZ?
Caledonia Mining's Cyclically Adjusted Revenue per Share of €8.63 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Cyclically Adjusted Revenue per Share depends on the Metals & Mining 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 Caledonia Mining and its competitors. Caledonia Mining's current Cyclically Adjusted Revenue per Share is €8.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caledonia Mining stock overvalued right now?
Based on GuruFocus' analysis, Caledonia Mining (FRA:9CD1) is currently considered Modestly Undervalued. The stock's GF Value™ is €18.70, compared to a current price of €16.40 — trading 12.3% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €8.63. Caledonia Mining's overall GF Score™ is 83/100 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 Caledonia Mining (FRA:9CD1), the current Cyclically Adjusted Revenue per Share is €8.63 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 Caledonia Mining (FRA:9CD1) Overvalued in 2026?

Based on GuruFocus' analysis, Caledonia Mining stock appears to be undervalued. The current stock price of €16.40 is trading 12.3% below its estimated GF Value™ of €18.70. GuruFocus considers Caledonia Mining to be Modestly Undervalued.

Key valuation signals for FRA:9CD1:

  • Cyclically Adjusted Revenue per Share: €8.63
  • GF Value™: €18.70 vs. price of €16.40 (12.3% below fair value)
  • GF Score™: 83/100 with 5 warning signs

No single metric tells the full story. See the FRA:9CD1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Caledonia Mining Business Description

Other Exchanges CMCL:USACMCL:UK9CD1:Germany
Address 2 Mulcaster Street, 2nd Floor, Saint Helier, JEY, JE2 3NJ
Caledonia Mining Corp PLC is a gold exploration, development, and mining company. The company's segment includes Blanket, South Africa, Bilboes Oxide mine, and E&E projects. The company generates the majority of its revenue from the Blanket project. The Blanket Mine is located in the south-west of Zimbabwe and operates at a depth of approximately 750 meters below the surface. Its project includes Maligreen and Motapa.
83GF Score

Get the complete analysis for FRA:9CD1

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

€16.40
Price
€18.70
GF Value