NEL ASA (FRA:D7GA) Cyclically Adjusted Revenue per Share: €1.50 (As of Jun. 2026)

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FRA:D7GA NEL ASA FRA:D7GA
70 GF Score
Price €5.70
GF Value €5.87
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is NEL ASA Cyclically Adjusted Revenue per Share?

NEL ASA FRA:D7GA 70 Cyclically Adjusted Revenue per Share is €1.50 as of Jun. 2026. GuruFocus rates FRA:D7GA with a GF Score™ of 70/100 and a GF Value™ of €5.87 (Fairly Valued). The stock has 4 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.

NEL ASA's adjusted revenue per share for the three months ended in Jun. 2026 was €0.227. 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 €1.50 for the trailing ten years ended in Jun. 2026.

During the past 12 months, NEL ASA's average Cyclically Adjusted Revenue Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 16.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 15.80% 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 NEL ASA was 23.00% per year. The lowest was 0.00% per year. And the median was 11.25% per year.

As of today (2026-07-16), NEL ASA's current stock price is €5.70. NEL ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €1.50. NEL ASA's Cyclically Adjusted PS Ratio of today is 3.80.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of NEL ASA was 99.65. The lowest was 3.52. And the median was 20.81.


NEL ASA  (FRA:D7GA) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=5.70/1.50
=3.80

* 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 NEL ASA was 99.65. The lowest was 3.52. And the median was 20.81.


Be Aware

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


NEL ASA Cyclically Adjusted Revenue per Share Related Terms


NEL ASA Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for NEL 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.

NEL ASA Cyclically Adjusted Revenue per Share Chart

NEL 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 0.89 1.08 1.50 1.35 1.38

NEL ASA 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 1.32 1.46 1.38 1.49 1.50

FRA:D7GA vs GEV, ETN, PH: Cyclically Adjusted Revenue per Share Comparison

For the Specialty Industrial Machinery subindustry, NEL 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.


NEL ASA Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, NEL ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:D7GA
70GF Score
NEL ASA FRA:D7GA
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NEL 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, NEL ASA'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)
=0.227/141.8500*141.8500
=0.227

Current CPI (Jun. 2026) = 141.8500.

NEL ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.109 104.200 0.148
201612 0.203 104.400 0.276
201703 0.158 105.000 0.213
201706 0.164 105.800 0.220
201709 0.380 105.900 0.509
201712 0.279 106.100 0.373
201803 0.341 107.300 0.451
201806 0.406 108.500 0.531
201809 0.331 109.500 0.429
201812 0.278 109.800 0.359
201903 0.302 110.400 0.388
201906 0.295 110.600 0.378
201909 0.361 111.100 0.461
201912 0.352 111.300 0.449
202003 0.240 111.200 0.306
202006 0.290 112.100 0.367
202009 0.248 112.900 0.312
202012 0.361 112.900 0.454
202103 0.302 114.600 0.374
202106 0.308 115.300 0.379
202109 0.445 117.500 0.537
202112 0.465 118.900 0.555
202203 0.414 119.800 0.490
202206 0.323 122.600 0.374
202209 0.330 125.600 0.373
202212 0.678 125.900 0.764
202303 0.569 127.600 0.633
202306 0.569 130.400 0.619
202309 0.474 129.800 0.518
202312 0.643 131.900 0.692
202403 0.430 132.600 0.460
202406 0.522 133.800 0.553
202409 0.557 133.700 0.591
202412 0.635 134.800 0.668
202503 0.236 136.100 0.246
202506 0.245 137.800 0.252
202509 0.424 138.500 0.434
202512 0.456 139.100 0.465
202603 0.216 141.030 0.217
202606 0.227 141.850 0.227

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 €1.50 mean?
NEL ASA (FRA:D7GA) has a Cyclically Adjusted Revenue per Share of €1.50 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 NEL ASA and its competitors.
Is NEL ASA's Cyclically Adjusted Revenue per Share too high?
NEL ASA's current Cyclically Adjusted Revenue per Share is €1.50. Overall, NEL ASA has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NEL ASA's Cyclically Adjusted Revenue per Share compare to GEV and ETN?
NEL ASA's Cyclically Adjusted Revenue per Share of €1.50 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Cyclically Adjusted Revenue per Share depends on the Industrial Products 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 NEL ASA and its competitors. NEL ASA's current Cyclically Adjusted Revenue per Share is €1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEL ASA stock overvalued right now?
Based on GuruFocus' analysis, NEL ASA (FRA:D7GA) is currently considered Fairly Valued. The stock's GF Value™ is €5.87, compared to a current price of €5.70 — trading 2.9% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €1.50. NEL ASA's overall GF Score™ is 70/100 with 4 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 NEL ASA (FRA:D7GA), the current Cyclically Adjusted Revenue per Share is €1.50 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 NEL ASA (FRA:D7GA) Overvalued in 2026?

Based on GuruFocus' analysis, NEL ASA stock appears to be undervalued. The current stock price of €5.70 is trading 2.9% below its estimated GF Value™ of €5.87. GuruFocus considers NEL ASA to be Fairly Valued.

Key valuation signals for FRA:D7GA:

  • Cyclically Adjusted Revenue per Share: €1.50
  • GF Value™: €5.87 vs. price of €5.70 (2.9% below fair value)
  • GF Score™: 70/100 with 4 warning signs

No single metric tells the full story. See the FRA:D7GA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NEL ASA Business Description

Address Karenslyst alle 49, Oslo, NOR, N-0279
NEL ASA is a hydrogen company delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. It serves industries, energy, and gas companies with hydrogen technology. The company's hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. The company's segments include Nel Alkaline Electrolyser and Nel PEM Electrolyser. It generates maximum revenue from the Nel Alkaline Electrolyser. Nel Alkaline Electrolyser is a supplier of hydrogen production equipment based on alkaline water electrolysis technology.
70GF Score

Get the complete analysis for FRA:D7GA

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

€5.70
Price
€5.87
GF Value