Fulton Financial (FRA:FU5) Cyclically Adjusted Revenue per Share: €5.77 (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:FU5 Fulton Financial Corp FRA:FU5
66 GF Score
Price €19.70
GF Value €15.37
! 8 Warning Signs
View Full Analysis

What is Fulton Financial Cyclically Adjusted Revenue per Share?

Fulton Financial FRA:FU5 66 Cyclically Adjusted Revenue per Share is €5.77 as of Jun. 2026. GuruFocus rates FRA:FU5 with a GF Score™ of 66/100 and a GF Value™ of €15.37. The stock has 8 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.

Fulton Financial's adjusted revenue per share for the three months ended in Jun. 2026 was €1.634. 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 €5.77 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Fulton Financial's average Cyclically Adjusted Revenue Growth Rate was 6.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.30% 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 Fulton Financial was 8.40% per year. The lowest was 0.60% per year. And the median was 4.80% per year.

As of today (2026-09-15), Fulton Financial's current stock price is €19.70. Fulton Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €5.77. Fulton Financial's Cyclically Adjusted PS Ratio of today is 3.41.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Fulton Financial was 4.74. The lowest was 1.78. And the median was 3.30.


Fulton Financial  (FRA:FU5) 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.

Fulton Financial's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=19.70/5.77
=3.41

* 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 Fulton Financial was 4.74. The lowest was 1.78. And the median was 3.30.


Be Aware

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


Fulton Financial Cyclically Adjusted Revenue per Share Related Terms


Fulton Financial Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Fulton Financial'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.

Fulton Financial Cyclically Adjusted Revenue per Share Chart

Fulton Financial 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 4.43 5.14 5.35 5.88 5.44

Fulton Financial 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 5.22 5.31 5.44 5.44 5.77

FRA:FU5 vs IBOC, SFBS, TCBI: Cyclically Adjusted Revenue per Share Comparison

For the Banks - Regional subindustry, Fulton Financial'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.


Fulton Financial Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Fulton Financial's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:FU5
66GF Score
Fulton Financial Corp FRA:FU5
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fulton Financial 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, Fulton Financial'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)
=1.634/333.9520*333.9520
=1.634

Current CPI (Jun. 2026) = 333.9520.

Fulton Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.915 241.428 1.266
201612 1.003 241.432 1.387
201703 0.981 243.801 1.344
201706 0.983 244.955 1.340
201709 0.946 246.819 1.280
201712 0.964 246.524 1.306
201803 0.906 249.554 1.212
201806 0.993 251.989 1.316
201809 1.022 252.439 1.352
201812 1.063 251.233 1.413
201903 1.088 254.202 1.429
201906 1.145 256.143 1.493
201909 1.208 256.759 1.571
201912 1.170 256.974 1.520
202003 1.186 258.115 1.534
202006 1.142 257.797 1.479
202009 1.135 260.280 1.456
202012 1.094 260.474 1.403
202103 1.159 264.877 1.461
202106 1.085 271.696 1.334
202109 1.216 274.310 1.480
202112 1.437 278.802 1.721
202203 1.215 287.504 1.411
202206 1.385 296.311 1.561
202209 1.644 296.808 1.850
202212 1.564 296.797 1.760
202303 1.483 301.836 1.641
202306 1.510 305.109 1.653
202309 1.523 307.789 1.652
202312 1.503 306.746 1.636
202403 1.477 312.332 1.579
202406 1.402 314.175 1.490
202409 1.597 315.301 1.691
202412 1.675 315.605 1.772
202503 1.600 319.799 1.671
202506 1.527 322.561 1.581
202509 1.554 324.800 1.598
202512 1.579 324.054 1.627
202603 1.580 330.213 1.598
202606 1.634 333.952 1.634

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 €5.77 mean?
Fulton Financial (FRA:FU5) has a Cyclically Adjusted Revenue per Share of €5.77 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 Fulton Financial and its competitors.
Is Fulton Financial's Cyclically Adjusted Revenue per Share too high?
Fulton Financial's current Cyclically Adjusted Revenue per Share is €5.77. Overall, Fulton Financial has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Fulton Financial's Cyclically Adjusted Revenue per Share compare to IBOC and SFBS?
Fulton Financial's Cyclically Adjusted Revenue per Share of €5.77 can be compared against companies in the Banks 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 Banks company?
A good Cyclically Adjusted Revenue per Share depends on the Banks 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 Fulton Financial and its competitors. Fulton Financial's current Cyclically Adjusted Revenue per Share is €5.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fulton Financial stock overvalued right now?
Fulton Financial (FRA:FU5) has a current Cyclically Adjusted Revenue per Share of €5.77. The stock's GF Value™ is €15.37, compared to a current price of €19.70 — trading 28.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €5.77. Fulton Financial's overall GF Score™ is 66/100 with 8 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 Fulton Financial (FRA:FU5), the current Cyclically Adjusted Revenue per Share is €5.77 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 Fulton Financial (FRA:FU5) Overvalued in 2026?

Based on GuruFocus' analysis, Fulton Financial stock appears to be overvalued. The current stock price of €19.70 is trading 28.2% above its estimated GF Value™ of €15.37.

Key valuation signals for FRA:FU5:

  • Cyclically Adjusted Revenue per Share: €5.77
  • GF Value™: €15.37 vs. price of €19.70 (28.2% above fair value)
  • GF Score™: 66/100 with 8 warning signs

No single metric tells the full story. See the FRA:FU5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fulton Financial Business Description

Other Exchanges FULTP.PFD:USAFULT:USA
Address One Penn Square, P.O Box 4887, Lancaster, PA, USA, 17604
Fulton Financial Corp is a U.S.-based financial services holding company that operates in five states: Pennsylvania, Delaware, Maryland, New Jersey and Virginia. It offers a range of consumer and commercial banking products and services, such as checking and savings deposit products and loan products. It offers consumer and commercial banking products and services, as well as wealth management products and services. The bank derives its revenue from non-interest income, led by its Wealth Management division.
66GF Score

Get the complete analysis for FRA:FU5

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

€19.70
Price
€15.37
GF Value