Nippon Denko Co (FRA:NJ5) Cyclically Adjusted Revenue per Share: €2.88 (As of Dec. 2025)

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:NJ5 Nippon Denko Co Ltd FRA:NJ5
73 GF Score
Price €2.16
GF Value €1.62
! 4 Warning Signs
View Full Analysis

What is Nippon Denko Co Cyclically Adjusted Revenue per Share?

Nippon Denko Co FRA:NJ5 73 Cyclically Adjusted Revenue per Share is €2.88 as of Dec. 2025. GuruFocus rates FRA:NJ5 with a GF Score™ of 73/100 and a GF Value™ of €1.62. 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.

Nippon Denko Co's adjusted revenue per share for the three months ended in Dec. 2025 was €0.802. 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 €2.88 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Nippon Denko Co's average Cyclically Adjusted Revenue Growth Rate was 0.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 1.50% 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 Nippon Denko Co was 2.70% per year. The lowest was -3.90% per year. And the median was -1.00% per year.

As of today (2026-07-21), Nippon Denko Co's current stock price is €2.16. Nippon Denko Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was €2.88. Nippon Denko Co's Cyclically Adjusted PS Ratio of today is 0.75.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Nippon Denko Co was 1.01. The lowest was 0.20. And the median was 0.56.


Nippon Denko Co  (FRA:NJ5) 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.

Nippon Denko Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2.16/2.88
=0.75

* 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 Nippon Denko Co was 1.01. The lowest was 0.20. And the median was 0.56.


Be Aware

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


Nippon Denko Co Cyclically Adjusted Revenue per Share Related Terms


Nippon Denko Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Nippon Denko Co'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.

Nippon Denko Co Cyclically Adjusted Revenue per Share Chart

Nippon Denko Co 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 3.72 3.55 3.27 3.18 2.88

Nippon Denko Co 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 3.22 3.05 3.00 2.88 0.00

FRA:NJ5 vs NUE, STLD, RS: Cyclically Adjusted Revenue per Share Comparison

For the Steel subindustry, Nippon Denko Co'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.


Nippon Denko Co Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Nippon Denko Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:NJ5
73GF Score
Nippon Denko Co Ltd FRA:NJ5
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Denko Co 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, Nippon Denko Co's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.802/113.0000*113.0000
=0.802

Current CPI (Dec. 2025) = 113.0000.

Nippon Denko Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.878 97.900 1.013
201606 0.814 98.100 0.938
201609 0.834 98.000 0.962
201612 0.796 98.400 0.914
201703 0.935 98.100 1.077
201706 0.970 98.500 1.113
201709 0.911 98.800 1.042
201712 0.996 99.400 1.132
201803 0.957 99.200 1.090
201806 1.017 99.200 1.158
201809 0.928 99.900 1.050
201812 1.000 99.700 1.133
201903 1.015 99.700 1.150
201906 1.000 99.800 1.132
201909 1.019 100.100 1.150
201912 0.913 100.500 1.027
202003 0.859 100.300 0.968
202006 0.702 99.900 0.794
202009 0.681 99.900 0.770
202012 0.761 99.300 0.866
202103 0.821 99.900 0.929
202106 0.788 99.500 0.895
202109 0.893 100.100 1.008
202112 0.955 100.100 1.078
202203 1.031 101.100 1.152
202206 0.897 101.800 0.996
202209 0.985 103.100 1.080
202212 0.995 104.100 1.080
202303 1.069 104.400 1.157
202306 0.912 105.200 0.980
202309 0.784 106.200 0.834
202312 0.979 106.800 1.036
202403 0.792 107.200 0.835
202406 0.805 108.200 0.841
202409 0.917 108.900 0.952
202412 0.984 110.700 1.004
202503 0.866 111.100 0.881
202506 0.818 111.700 0.828
202509 0.843 112.000 0.851
202512 0.802 113.000 0.802

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 €2.88 mean?
Nippon Denko Co (FRA:NJ5) has a Cyclically Adjusted Revenue per Share of €2.88 as of Dec. 2025. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Nippon Denko Co and its competitors.
Is Nippon Denko Co's Cyclically Adjusted Revenue per Share too high?
Nippon Denko Co's current Cyclically Adjusted Revenue per Share is €2.88. Overall, Nippon Denko Co has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Denko Co's Cyclically Adjusted Revenue per Share compare to NUE and STLD?
Nippon Denko Co's Cyclically Adjusted Revenue per Share of €2.88 can be compared against companies in the Steel 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 Steel company?
A good Cyclically Adjusted Revenue per Share depends on the Steel 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 Nippon Denko Co and its competitors. Nippon Denko Co's current Cyclically Adjusted Revenue per Share is €2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Denko Co stock overvalued right now?
Nippon Denko Co (FRA:NJ5) has a current Cyclically Adjusted Revenue per Share of €2.88. The stock's GF Value™ is €1.62, compared to a current price of €2.16 — trading 33.3% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €2.88. Nippon Denko Co's overall GF Score™ is 73/100 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 Nippon Denko Co (FRA:NJ5), the current Cyclically Adjusted Revenue per Share is €2.88 as of Dec. 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 Nippon Denko Co (FRA:NJ5) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Denko Co stock appears to be overvalued. The current stock price of €2.16 is trading 33.3% above its estimated GF Value™ of €1.62.

Key valuation signals for FRA:NJ5:

  • Cyclically Adjusted Revenue per Share: €2.88
  • GF Value™: €1.62 vs. price of €2.16 (33.3% above fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the FRA:NJ5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Denko Co Business Description

Other Exchanges 5563:Japan
Address 4-16,1-chome, Yaesu, 4th Floor, Tokyo Tatemono Yaesu Building, Chuo-ku, Tokyo, JPN, 103-8282
Nippon Denko Co Ltd is mainly engaged in the manufacturing and distribution of ferroalloys. In addition, it is also involved in the electric power generation. The company's core business activities are categorized into four segments: Ferroalloys, Functional Materials, Environment, and Other. The company serves a diverse range of markets including power companies, agricultural cooperatives, local governments and companies discharging industrial waste.
73GF Score

Get the complete analysis for FRA:NJ5

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

€2.16
Price
€1.62
GF Value