Pferdewetten de AG (FRA:EMH) Cyclically Adjusted Revenue per Share: €5.83 (As of Sep. 2025)

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FRA:EMH Pferdewetten de AG FRA:EMH
65 GF Score
Price €2.28
GF Value €32.87
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Pferdewetten de AG Cyclically Adjusted Revenue per Share?

Pferdewetten de AG FRA:EMH -1.72% 65 Cyclically Adjusted Revenue per Share is €5.83 as of Sep. 2025. GuruFocus rates FRA:EMH with a GF Score™ of 65/100 and a GF Value™ of €32.87 (Possible Value Trap). 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.

Pferdewetten de AG's adjusted revenue per share for the three months ended in Sep. 2025 was €2.113. 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 €5.83 for the trailing ten years ended in Sep. 2025.

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.

As of today (2026-07-22), Pferdewetten de AG's current stock price is €2.28. Pferdewetten de AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2025 was €5.83. Pferdewetten de AG's Cyclically Adjusted PS Ratio of today is 0.39.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Pferdewetten de AG was 0.53. The lowest was 0.38. And the median was 0.47.


Pferdewetten de AG  (FRA:EMH) 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.

Pferdewetten de AG's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2.28/5.83
=0.39

* 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 Pferdewetten de AG was 0.53. The lowest was 0.38. And the median was 0.47.


Be Aware

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


Pferdewetten de AG Cyclically Adjusted Revenue per Share Related Terms


Pferdewetten de AG Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Pferdewetten de AG'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.

Pferdewetten de AG Cyclically Adjusted Revenue per Share Chart

Pferdewetten de AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
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 0.00

Pferdewetten de AG Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Jun25 Sep25
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 0.00 0.00 0.00 0.00 5.83

FRA:EMH vs FLUT, DKNG, SGHC: Cyclically Adjusted Revenue per Share Comparison

For the Gambling subindustry, Pferdewetten de AG'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.


Pferdewetten de AG Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Pferdewetten de AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:EMH
65GF Score
Pferdewetten de AG FRA:EMH
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pferdewetten de AG 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, Pferdewetten de AG's adjusted Revenue per Share data for the three months ended in Sep. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=2.113/129.2552*129.2552
=2.113

Current CPI (Sep. 2025) = 129.2552.

Pferdewetten de AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200712 0.000 91.146 0.000
200812 0.000 92.173 0.000
200912 0.000 92.919 0.000
201006 0.000 93.199 0.000
201012 0.000 94.132 0.000
201106 0.000 95.158 0.000
201112 0.000 95.998 0.000
201206 0.000 96.744 0.000
201212 0.000 97.957 0.000
201306 0.000 98.516 0.000
201312 0.000 99.356 0.000
201406 0.000 99.543 0.000
201412 0.000 99.543 0.000
201506 0.000 100.417 0.000
201512 0.000 99.717 0.000
201606 0.000 100.717 0.000
201612 0.000 101.217 0.000
201706 0.000 102.117 0.000
201712 0.000 102.617 0.000
201806 0.000 104.017 0.000
201812 0.000 104.217 0.000
201906 0.000 105.718 0.000
201912 0.000 105.818 0.000
202006 0.000 106.618 0.000
202012 0.000 105.518 0.000
202106 0.000 108.486 0.000
202112 0.000 110.384 0.000
202206 0.569 115.760 0.635
202209 0.559 118.818 0.608
202212 0.911 119.345 0.987
202303 0.948 122.402 1.001
202306 1.053 123.140 1.105
202309 0.936 124.195 0.974
202312 2.079 123.773 2.171
202403 1.654 125.038 1.710
202406 1.951 125.882 2.003
202409 1.678 126.198 1.719
202412 2.842 127.041 2.892
202506 0.000 128.412 0.000
202509 2.113 129.255 2.113

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 €5.83 mean?
Pferdewetten de AG (FRA:EMH) has a Cyclically Adjusted Revenue per Share of €5.83 as of Sep. 2025. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Pferdewetten de AG and its competitors.
Is Pferdewetten de AG's Cyclically Adjusted Revenue per Share too high?
Pferdewetten de AG's current Cyclically Adjusted Revenue per Share is €5.83. Overall, Pferdewetten de AG has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pferdewetten de AG's Cyclically Adjusted Revenue per Share compare to FLUT and DKNG?
Pferdewetten de AG's Cyclically Adjusted Revenue per Share of €5.83 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Cyclically Adjusted Revenue per Share depends on the Travel & Leisure 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 Pferdewetten de AG and its competitors. Pferdewetten de AG's current Cyclically Adjusted Revenue per Share is €5.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pferdewetten de AG stock overvalued right now?
Based on GuruFocus' analysis, Pferdewetten de AG (FRA:EMH) is currently considered Possible Value Trap. The stock's GF Value™ is €32.87, compared to a current price of €2.28 — trading 93.1% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €5.83. Pferdewetten de AG's overall GF Score™ is 65/100 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 Pferdewetten de AG (FRA:EMH), the current Cyclically Adjusted Revenue per Share is €5.83 as of Sep. 2025. 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 Pferdewetten de AG (FRA:EMH) Overvalued in 2026?

Based on GuruFocus' analysis, Pferdewetten de AG stock appears to be undervalued. The current stock price of €2.28 is trading 93.1% below its estimated GF Value™ of €32.87. GuruFocus considers Pferdewetten de AG to be Possible Value Trap.

Key valuation signals for FRA:EMH:

  • Cyclically Adjusted Revenue per Share: €5.83
  • GF Value™: €32.87 vs. price of €2.28 (93.1% below fair value)
  • GF Score™: 65/100 with 5 warning signs

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


Pferdewetten de AG Business Description

Other Exchanges EMH1:Germany
Address Schlossstrasse 38, Hamburg, DEU
Pferdewetten de AG is involved in arranging and placing bets for horse racing and other sports events. It engages in the online and offline horse betting business in Germany. Its horse betting services range from betting on German galloping and trotting to English, French, and other international horse races. The company also provides online horse betting services through its Internet platform pferdewetten.de. In addition, it offers consultancy and training services for the implementation and processing of sports and horse betting.
65GF Score

Get the complete analysis for FRA:EMH

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

€2.28
Price
€32.87
GF Value