Maximus (FRA:MMY) Cyclically Adjusted Revenue per Share: €65.02 (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:MMY Maximus Inc FRA:MMY
73 GF Score
Price €50.00
GF Value €82.13
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Maximus Cyclically Adjusted Revenue per Share?

Maximus FRA:MMY 73 Cyclically Adjusted Revenue per Share is €65.02 as of Mar. 2026. GuruFocus rates FRA:MMY with a GF Score™ of 73/100 and a GF Value™ of €82.13 (Significantly Undervalued). 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.

Maximus's adjusted revenue per share for the three months ended in Mar. 2026 was €20.695. 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 €65.02 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Maximus's average Cyclically Adjusted Revenue Growth Rate was 10.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 16.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 16.70% 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 Maximus was 19.80% per year. The lowest was 8.10% per year. And the median was 14.90% per year.

As of today (2026-07-16), Maximus's current stock price is €50.00. Maximus's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €65.02. Maximus's Cyclically Adjusted PS Ratio of today is 0.77.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Maximus was 3.32. The lowest was 0.73. And the median was 2.12.


Maximus  (FRA:MMY) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=50.00/65.02
=0.77

* 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 Maximus was 3.32. The lowest was 0.73. And the median was 2.12.


Be Aware

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


Maximus Cyclically Adjusted Revenue per Share Related Terms


Maximus Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Maximus'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.

Maximus Cyclically Adjusted Revenue per Share Chart

Maximus Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.45 50.80 53.66 56.03 58.13

Maximus 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 61.27 58.15 58.13 60.84 65.02

FRA:MMY vs FA, ABM, CMPR: Cyclically Adjusted Revenue per Share Comparison

For the Specialty Business Services subindustry, Maximus'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.


Maximus Cyclically Adjusted PS Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Maximus's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:MMY
73GF Score
Maximus Inc FRA:MMY
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maximus 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, Maximus'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)
=20.695/330.2130*330.2130
=20.695

Current CPI (Mar. 2026) = 330.2130.

Maximus Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 8.297 241.018 11.368
201609 8.372 241.428 11.451
201612 8.724 241.432 11.932
201703 8.819 243.801 11.945
201706 8.087 244.955 10.902
201709 7.870 246.819 10.529
201712 7.957 246.524 10.658
201803 7.499 249.554 9.923
201806 7.763 251.989 10.173
201809 7.325 252.439 9.582
201812 8.991 251.233 11.817
201903 10.083 254.202 13.098
201906 9.986 256.143 12.874
201909 10.566 256.759 13.589
201912 11.372 256.974 14.613
202003 11.546 258.115 14.771
202006 12.888 257.797 16.508
202009 12.592 260.280 15.975
202012 12.509 260.474 15.858
202103 12.935 264.877 16.126
202106 16.526 271.696 20.085
202109 15.029 274.310 18.092
202112 16.311 278.802 19.319
202203 17.137 287.504 19.683
202206 17.245 296.311 19.218
202209 19.391 296.808 21.573
202212 19.271 296.797 21.441
202303 18.363 301.836 20.089
202306 17.827 305.109 19.294
202309 19.135 307.789 20.529
202312 19.776 306.746 21.289
202403 20.131 312.332 21.283
202406 19.901 314.175 20.917
202409 19.293 315.301 20.205
202412 22.325 315.605 23.358
202503 22.077 319.799 22.796
202506 20.516 322.561 21.003
202509 19.575 324.800 19.901
202512 20.772 324.054 21.167
202603 20.695 330.213 20.695

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 €65.02 mean?
Maximus (FRA:MMY) has a Cyclically Adjusted Revenue per Share of €65.02 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 Maximus and its competitors.
Is Maximus' Cyclically Adjusted Revenue per Share too high?
Maximus' current Cyclically Adjusted Revenue per Share is €65.02. Overall, Maximus has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maximus' Cyclically Adjusted Revenue per Share compare to FA and ABM?
Maximus' Cyclically Adjusted Revenue per Share of €65.02 can be compared against companies in the Business Services 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 Business Services company?
A good Cyclically Adjusted Revenue per Share depends on the Business Services 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 Maximus and its competitors. Maximus's current Cyclically Adjusted Revenue per Share is €65.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maximus stock overvalued right now?
Based on GuruFocus' analysis, Maximus (FRA:MMY) is currently considered Significantly Undervalued. The stock's GF Value™ is €82.13, compared to a current price of €50.00 — trading 39.1% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €65.02. Maximus' overall GF Score™ is 73/100 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 Maximus (FRA:MMY), the current Cyclically Adjusted Revenue per Share is €65.02 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 Maximus (FRA:MMY) Overvalued in 2026?

Based on GuruFocus' analysis, Maximus stock appears to be undervalued. The current stock price of €50.00 is trading 39.1% below its estimated GF Value™ of €82.13. GuruFocus considers Maximus to be Significantly Undervalued.

Key valuation signals for FRA:MMY:

  • Cyclically Adjusted Revenue per Share: €65.02
  • GF Value™: €82.13 vs. price of €50.00 (39.1% below fair value)
  • GF Score™: 73/100 with 1 warning sign

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


Maximus Business Description

Other Exchanges MMS:USA
Address 1600 Tysons Boulevard, McLean, VA, USA, 22102
Maximus Inc designs, develops, and delivers programs enabling people to access vital government services. It translates health and human services public policy into operating models that achieve outcomes for governments at scale. The company covers a broad array of services, including the operation of large health insurance eligibility and enrollment programs; clinical services, including assessments, appeals, and independent medical reviews; and technology services. The company operates through the following segments: U.S. Federal Services, U.S. Services, and Outside the U.S. A majority of its revenue is derived from the U.S. Federal Services segment, which engages with various U.S. federal government agencies to deliver clinical services, maintenance services, and technology solutions.
73GF Score

Get the complete analysis for FRA:MMY

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

€50.00
Price
€82.13
GF Value