Cameco (FRA:CJ6) Cyclically Adjusted Revenue per Share: €4.03 (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:CJ6 Cameco Corp FRA:CJ6
87 GF Score
Price €78.08
GF Value €58.10
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Cameco Cyclically Adjusted Revenue per Share?

Cameco FRA:CJ6 -0.46% 87 Cyclically Adjusted Revenue per Share is €4.03 as of Mar. 2026. GuruFocus rates FRA:CJ6 with a GF Score™ of 87/100 and a GF Value™ of €58.10 (Significantly 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.

Cameco's adjusted revenue per share for the three months ended in Mar. 2026 was €1.223. 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 €4.03 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Cameco's average Cyclically Adjusted Revenue Growth Rate was 1.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 0.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 1.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -0.10% 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 Cameco was 13.10% per year. The lowest was -1.60% per year. And the median was 6.20% per year.

As of today (2026-07-28), Cameco's current stock price is €78.08. Cameco's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €4.03. Cameco's Cyclically Adjusted PS Ratio of today is 19.37.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Cameco was 26.80. The lowest was 1.47. And the median was 4.00.


Cameco  (FRA:CJ6) 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.

Cameco's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=78.08/4.03
=19.37

* 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 Cameco was 26.80. The lowest was 1.47. And the median was 4.00.


Be Aware

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


Cameco Cyclically Adjusted Revenue per Share Related Terms


Cameco Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Cameco'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.

Cameco Cyclically Adjusted Revenue per Share Chart

Cameco 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 4.23 4.26 4.23 4.25 3.99

Cameco 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 4.05 4.01 3.87 3.99 4.03

FRA:CJ6 vs UEC, LEU: Cyclically Adjusted Revenue per Share Comparison

For the Uranium subindustry, Cameco'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.


Cameco Cyclically Adjusted PS Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Cameco's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:CJ6
87GF Score
Cameco Corp FRA:CJ6
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cameco 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, Cameco'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)
=1.223/132.2623*132.2623
=1.223

Current CPI (Mar. 2026) = 132.2623.

Cameco Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.813 102.002 1.054
201609 1.150 101.765 1.495
201612 1.593 101.449 2.077
201703 0.693 102.634 0.893
201706 0.794 103.029 1.019
201709 0.838 103.345 1.072
201712 1.353 103.345 1.732
201803 0.696 105.004 0.877
201806 0.549 105.557 0.688
201809 0.810 105.636 1.014
201812 1.373 105.399 1.723
201903 0.497 106.979 0.614
201906 0.652 107.690 0.801
201909 0.525 107.611 0.645
201912 1.506 107.769 1.848
202003 0.566 107.927 0.694
202006 0.870 108.401 1.062
202009 0.614 108.164 0.751
202012 0.892 108.559 1.087
202103 0.488 110.298 0.585
202106 0.614 111.720 0.727
202109 0.609 112.905 0.713
202112 0.807 113.774 0.938
202203 0.714 117.646 0.803
202206 1.030 120.806 1.128
202209 0.739 120.648 0.810
202212 0.849 120.964 0.928
202303 1.079 122.702 1.163
202306 0.770 124.203 0.820
202309 0.915 125.230 0.966
202312 1.322 125.072 1.398
202403 0.992 126.258 1.039
202406 0.933 127.522 0.968
202409 1.101 127.285 1.144
202412 1.817 127.364 1.887
202503 1.168 129.181 1.196
202506 1.278 129.892 1.301
202509 0.869 130.287 0.882
202512 1.707 130.366 1.732
202603 1.223 132.262 1.223

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 €4.03 mean?
Cameco (FRA:CJ6) has a Cyclically Adjusted Revenue per Share of €4.03 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 Cameco and its competitors.
Is Cameco's Cyclically Adjusted Revenue per Share too high?
Cameco's current Cyclically Adjusted Revenue per Share is €4.03. Overall, Cameco has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cameco's Cyclically Adjusted Revenue per Share compare to UEC and LEU?
Cameco's Cyclically Adjusted Revenue per Share of €4.03 can be compared against companies in the Other Energy Sources 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 Other Energy Sources company?
A good Cyclically Adjusted Revenue per Share depends on the Other Energy Sources 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 Cameco and its competitors. Cameco's current Cyclically Adjusted Revenue per Share is €4.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cameco stock overvalued right now?
Based on GuruFocus' analysis, Cameco (FRA:CJ6) is currently considered Significantly Overvalued. The stock's GF Value™ is €58.10, compared to a current price of €78.08 — trading 34.4% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €4.03. Cameco's overall GF Score™ is 87/100 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 Cameco (FRA:CJ6), the current Cyclically Adjusted Revenue per Share is €4.03 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 Cameco (FRA:CJ6) Overvalued in 2026?

Based on GuruFocus' analysis, Cameco stock appears to be overvalued. The current stock price of €78.08 is trading 34.4% above its estimated GF Value™ of €58.10. GuruFocus considers Cameco to be Significantly Overvalued.

Key valuation signals for FRA:CJ6:

  • Cyclically Adjusted Revenue per Share: €4.03
  • GF Value™: €58.10 vs. price of €78.08 (34.4% above fair value)
  • GF Score™: 87/100 with 3 warning signs

No single metric tells the full story. See the FRA:CJ6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cameco Business Description

Address 11th Street West, Suite 2121, Saskatoon, SK, CAN, S7M 1J3
Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe and is one of those uranium producers. It has three reportable segments: Uranium, Fuel Services, and Westinghouse, deriving maximum revenue from the Westinghouse segment. The Uranium segment involves the exploration for, mining, milling, purchase, and sale of uranium concentrate, while the Fuel Services segment involves the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services. Westinghouse Electric Company provides products and services to nuclear reactors, including outage and maintenance services, engineering support, instrumentation and controls equipment, plant modification, and components and parts.
87GF Score

Get the complete analysis for FRA:CJ6

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

€78.08
Price
€58.10
GF Value