Hoya (FRA:HYB) Cyclically Adjusted Revenue per Share: €11.48 (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:HYB Hoya Corp FRA:HYB
99 GF Score
Price €143.45
GF Value €137.31
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Hoya Cyclically Adjusted Revenue per Share?

Hoya FRA:HYB +3.72% 99 Cyclically Adjusted Revenue per Share is €11.48 as of Jun. 2026. GuruFocus rates FRA:HYB with a GF Score™ of 99/100 and a GF Value™ of €137.31 (Fairly Valued). The stock has 1 warning sign 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.

Hoya's adjusted revenue per share for the three months ended in Jun. 2026 was €4.146. 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 €11.48 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Hoya's average Cyclically Adjusted Revenue Growth Rate was 10.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.80% 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 Hoya was 10.60% per year. The lowest was 2.50% per year. And the median was 5.50% per year.

As of today (2026-08-05), Hoya's current stock price is €143.45. Hoya's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €11.48. Hoya's Cyclically Adjusted PS Ratio of today is 12.50.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Hoya was 14.56. The lowest was 3.63. And the median was 9.52.


Hoya  (FRA:HYB) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=143.45/11.48
=12.50

* 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 Hoya was 14.56. The lowest was 3.63. And the median was 9.52.


Be Aware

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


Hoya Cyclically Adjusted Revenue per Share Related Terms


Hoya Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Hoya'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.

Hoya Cyclically Adjusted Revenue per Share Chart

Hoya Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.98 10.38 10.30 11.42 11.16

Hoya 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 11.19 11.14 10.83 11.16 11.48

FRA:HYB vs ISRG, BDX, MDLN: Cyclically Adjusted Revenue per Share Comparison

For the Medical Instruments & Supplies subindustry, Hoya'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.


Hoya Cyclically Adjusted PS Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Hoya's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:HYB
99GF Score
Hoya Corp FRA:HYB
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hoya 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, Hoya'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)
=4.146/113.6000*113.6000
=4.146

Current CPI (Jun. 2026) = 113.6000.

Hoya Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.716 98.000 3.148
201612 2.609 98.400 3.012
201703 2.715 98.100 3.144
201706 2.646 98.500 3.052
201709 2.659 98.800 3.057
201712 2.708 99.400 3.095
201803 2.755 99.200 3.155
201806 2.861 99.200 3.276
201809 2.890 99.900 3.286
201812 2.988 99.700 3.405
201903 3.004 99.700 3.423
201906 3.069 99.800 3.493
201909 3.472 100.100 3.940
201912 3.240 100.500 3.662
202003 3.048 100.300 3.452
202006 2.501 99.900 2.844
202009 3.035 99.900 3.451
202012 3.167 99.300 3.623
202103 3.185 99.900 3.622
202106 3.244 99.500 3.704
202109 3.448 100.100 3.913
202112 3.630 100.100 4.120
202203 3.623 101.100 4.071
202206 3.515 101.800 3.922
202209 3.649 103.100 4.021
202212 3.459 104.100 3.775
202303 3.732 104.400 4.061
202306 3.499 105.200 3.778
202309 3.522 106.200 3.767
202312 3.644 106.800 3.876
202403 3.613 107.200 3.829
202406 3.678 108.200 3.862
202409 3.953 108.900 4.124
202412 4.018 110.700 4.123
202503 3.965 111.100 4.054
202506 3.931 111.700 3.998
202509 4.013 112.000 4.070
202512 4.492 113.000 4.516
202603 4.051 112.700 4.083
202606 4.146 113.600 4.146

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 €11.48 mean?
Hoya (FRA:HYB) has a Cyclically Adjusted Revenue per Share of €11.48 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 Hoya and its competitors.
Is Hoya's Cyclically Adjusted Revenue per Share too high?
Hoya's current Cyclically Adjusted Revenue per Share is €11.48. Overall, Hoya has a GF Score™ of 99/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hoya's Cyclically Adjusted Revenue per Share compare to ISRG and BDX?
Hoya's Cyclically Adjusted Revenue per Share of €11.48 can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Cyclically Adjusted Revenue per Share depends on the Medical Devices & Instruments 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 Hoya and its competitors. Hoya's current Cyclically Adjusted Revenue per Share is €11.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoya stock overvalued right now?
Based on GuruFocus' analysis, Hoya (FRA:HYB) is currently considered Fairly Valued. The stock's GF Value™ is €137.31, compared to a current price of €143.45 — trading 4.5% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €11.48. Hoya's overall GF Score™ is 99/100 with 1 warning sign 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 Hoya (FRA:HYB), the current Cyclically Adjusted Revenue per Share is €11.48 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 Hoya (FRA:HYB) Overvalued in 2026?

Based on GuruFocus' analysis, Hoya stock appears to be overvalued. The current stock price of €143.45 is trading 4.5% above its estimated GF Value™ of €137.31. GuruFocus considers Hoya to be Fairly Valued.

Key valuation signals for FRA:HYB:

  • Cyclically Adjusted Revenue per Share: €11.48
  • GF Value™: €137.31 vs. price of €143.45 (4.5% above fair value)
  • GF Score™: 99/100 with 1 warning sign

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


Hoya Business Description

Address 6-10-1, Nishi-Shinjuku, 20th Floor, Nittochi Nishi-Shinjuku Building, Shinjuku-ku, Tokyo, JPN, 160-8347
Founded in 1941 in Tokyo as an optical glass production plant, Hoya is one of the largest eyeglass lens manufacturers in the world. Leveraging its technology know-how in glass manufacturing, Hoya entered the mask blanks business in 1974. Now although its life care business accounts for more than 60% of its total revenue, majority of its profit before tax comes from its higher-margin IT business.
99GF Score

Get the complete analysis for FRA:HYB

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

€143.45
Price
€137.31
GF Value