Ardmore Shipping (FRA:A61) Cyclically Adjusted Revenue per Share: €8.15 (As of Jun. 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:A61 Ardmore Shipping Corp FRA:A61
75 GF Score
Price €14.12
GF Value €11.06
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Ardmore Shipping Cyclically Adjusted Revenue per Share?

Ardmore Shipping FRA:A61 -3.88% 75 Cyclically Adjusted Revenue per Share is €8.15 as of Jun. 2026. GuruFocus rates FRA:A61 with a GF Score™ of 75/100 and a GF Value™ of €11.06 (Modestly Overvalued). 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.

Ardmore Shipping's adjusted revenue per share for the three months ended in Jun. 2026 was €2.462. 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 €8.15 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Ardmore Shipping's average Cyclically Adjusted Revenue Growth Rate was 3.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.20% 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 Ardmore Shipping was 14.10% per year. The lowest was 8.20% per year. And the median was 11.15% per year.

As of today (2026-08-07), Ardmore Shipping's current stock price is €14.12. Ardmore Shipping's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €8.15. Ardmore Shipping's Cyclically Adjusted PS Ratio of today is 1.73.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ardmore Shipping was 2.85. The lowest was 0.57. And the median was 1.65.


Ardmore Shipping  (FRA:A61) 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.

Ardmore Shipping's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=14.12/8.15
=1.73

* 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 Ardmore Shipping was 2.85. The lowest was 0.57. And the median was 1.65.


Be Aware

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


Ardmore Shipping Cyclically Adjusted Revenue per Share Related Terms


Ardmore Shipping Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Ardmore Shipping'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.

Ardmore Shipping Cyclically Adjusted Revenue per Share Chart

Ardmore Shipping 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 4.83 6.29 6.96 8.07 7.58

Ardmore Shipping 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 7.57 7.56 7.58 7.59 8.15

FRA:A61 vs SB, ESEA, PANL: Cyclically Adjusted Revenue per Share Comparison

For the Marine Shipping subindustry, Ardmore Shipping'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.


Ardmore Shipping Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Ardmore Shipping's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:A61
75GF Score
Ardmore Shipping Corp FRA:A61
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ardmore Shipping 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, Ardmore Shipping'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)
=2.462/333.9520*333.9520
=2.462

Current CPI (Jun. 2026) = 333.9520.

Ardmore Shipping Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.009 241.428 1.396
201612 1.218 241.432 1.685
201703 1.383 243.801 1.894
201706 1.321 244.955 1.801
201709 1.216 246.819 1.645
201712 1.222 246.524 1.655
201803 1.262 249.554 1.689
201806 1.371 251.989 1.817
201809 1.267 252.439 1.676
201812 1.551 251.233 2.062
201903 1.665 254.202 2.187
201906 1.470 256.143 1.917
201909 1.429 256.759 1.859
201912 1.650 256.974 2.144
202003 1.771 258.115 2.291
202006 1.808 257.797 2.342
202009 1.153 260.280 1.479
202012 1.032 260.474 1.323
202103 1.149 264.877 1.449
202106 1.171 271.696 1.439
202109 1.168 274.310 1.422
202112 1.351 278.802 1.618
202203 1.671 287.504 1.941
202206 2.849 296.311 3.211
202209 3.586 296.808 4.035
202212 2.940 296.797 3.308
202303 2.649 301.836 2.931
202306 2.034 305.109 2.226
202309 1.951 307.789 2.117
202312 2.156 306.746 2.347
202403 2.333 312.332 2.494
202406 2.683 314.175 2.852
202409 2.044 315.301 2.165
202412 1.871 315.605 1.980
202503 1.685 319.799 1.760
202506 1.535 322.561 1.589
202509 1.700 324.800 1.748
202512 1.726 324.054 1.779
202603 1.861 330.213 1.882
202606 2.462 333.952 2.462

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 €8.15 mean?
Ardmore Shipping (FRA:A61) has a Cyclically Adjusted Revenue per Share of €8.15 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 Ardmore Shipping and its competitors.
Is Ardmore Shipping's Cyclically Adjusted Revenue per Share too high?
Ardmore Shipping's current Cyclically Adjusted Revenue per Share is €8.15. Overall, Ardmore Shipping has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ardmore Shipping's Cyclically Adjusted Revenue per Share compare to SB and ESEA?
Ardmore Shipping's Cyclically Adjusted Revenue per Share of €8.15 can be compared against companies in the Transportation 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 Transportation company?
A good Cyclically Adjusted Revenue per Share depends on the Transportation 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 Ardmore Shipping and its competitors. Ardmore Shipping's current Cyclically Adjusted Revenue per Share is €8.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ardmore Shipping stock overvalued right now?
Based on GuruFocus' analysis, Ardmore Shipping (FRA:A61) is currently considered Modestly Overvalued. The stock's GF Value™ is €11.06, compared to a current price of €14.12 — trading 27.7% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €8.15. Ardmore Shipping's overall GF Score™ is 75/100 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 Ardmore Shipping (FRA:A61), the current Cyclically Adjusted Revenue per Share is €8.15 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 Ardmore Shipping (FRA:A61) Overvalued in 2026?

Based on GuruFocus' analysis, Ardmore Shipping stock appears to be overvalued. The current stock price of €14.12 is trading 27.7% above its estimated GF Value™ of €11.06. GuruFocus considers Ardmore Shipping to be Modestly Overvalued.

Key valuation signals for FRA:A61:

  • Cyclically Adjusted Revenue per Share: €8.15
  • GF Value™: €11.06 vs. price of €14.12 (27.7% above fair value)
  • GF Score™: 75/100 with 3 warning signs

No single metric tells the full story. See the FRA:A61 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ardmore Shipping Business Description

Other Exchanges ASC:USAA61:Germany
Address 7 Church Street, Dorchester House, Hamilton, BMU, HM11
Ardmore Shipping Corp provides seaborne transportation of petroleum products and chemicals world-wide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its modern, fuel-efficient fleet of mid-size product and chemical tankers. The company markets its services directly to its customers and commercial pool operators and charters its vessels to them through a combination of spot, commercial pooling, and time-charter arrangements. The majority of its revenue is generated from spot voyages, which typically last less than three months.
75GF Score

Get the complete analysis for FRA:A61

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

€14.12
Price
€11.06
GF Value