DeFi Technologies (FRA:R9B) Cyclically Adjusted Revenue per Share: €0.15 (As of Mar. 2026)

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FRA:R9B DeFi Technologies Inc FRA:R9B
49 GF Score
Price €0.36
GF Value €0.41
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is DeFi Technologies Cyclically Adjusted Revenue per Share?

DeFi Technologies FRA:R9B -1.42% 49 Cyclically Adjusted Revenue per Share is €0.15 as of Mar. 2026. GuruFocus rates FRA:R9B with a GF Score™ of 49/100 and a GF Value™ of €0.41 (Modestly Undervalued). The stock has 9 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.

DeFi Technologies's adjusted revenue per share for the three months ended in Mar. 2026 was €0.003. 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 €0.15 for the trailing ten years ended in Mar. 2026.

During the past 12 months, DeFi Technologies's average Cyclically Adjusted Revenue Growth Rate was -3.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 13.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 97.50% 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 DeFi Technologies was 157.10% per year. The lowest was -53.60% per year. And the median was 72.55% per year.

As of today (2026-07-19), DeFi Technologies's current stock price is €0.36. DeFi Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €0.15. DeFi Technologies's Cyclically Adjusted PS Ratio of today is 2.40.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of DeFi Technologies was 300.00. The lowest was 0.42. And the median was 10.25.


DeFi Technologies  (FRA:R9B) 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.

DeFi Technologies's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.36/0.15
=2.40

* 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 DeFi Technologies was 300.00. The lowest was 0.42. And the median was 10.25.


Be Aware

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


DeFi Technologies Cyclically Adjusted Revenue per Share Related Terms


DeFi Technologies Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for DeFi Technologies'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.

DeFi Technologies Cyclically Adjusted Revenue per Share Chart

DeFi Technologies 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 0.01 0.12 0.14 0.16 0.16

DeFi Technologies 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 0.19 0.16 0.16 0.16 0.15

FRA:R9B vs MS, GS, SCHW: Cyclically Adjusted Revenue per Share Comparison

For the Capital Markets subindustry, DeFi Technologies'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.


DeFi Technologies Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, DeFi Technologies's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:R9B
49GF Score
DeFi Technologies Inc FRA:R9B
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DeFi Technologies 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, DeFi Technologies'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)
=0.003/132.2623*132.2623
=0.003

Current CPI (Mar. 2026) = 132.2623.

DeFi Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.000 102.002 0.000
201609 0.001 101.765 0.001
201612 -0.009 101.449 -0.012
201703 -0.037 102.634 -0.048
201706 0.010 103.029 0.013
201709 0.066 103.345 0.084
201712 0.065 103.345 0.083
201803 -0.025 105.004 -0.031
201806 -0.039 105.557 -0.049
201809 -0.020 105.636 -0.025
201812 -0.007 105.399 -0.009
201903 -0.005 106.979 -0.006
201906 -0.007 107.690 -0.009
201909 0.002 107.611 0.002
201912 -0.003 107.769 -0.004
202003 -0.003 107.927 -0.004
202006 0.004 108.401 0.005
202009 0.031 108.164 0.038
202012 -0.001 108.559 -0.001
202103 0.014 110.298 0.017
202106 0.001 111.720 0.001
202109 0.027 112.905 0.032
202112 0.001 113.774 0.001
202203 0.006 117.646 0.007
202206 0.106 120.806 0.116
202209 0.001 120.648 0.001
202212 0.628 120.964 0.687
202303 0.077 122.702 0.083
202306 -0.066 124.203 -0.070
202309 -0.026 125.230 -0.027
202312 0.076 125.072 0.080
202403 -0.053 126.258 -0.056
202406 0.445 127.522 0.462
202409 0.071 127.285 0.074
202412 0.056 127.364 0.058
202503 0.072 129.181 0.074
202506 0.065 129.892 0.066
202509 0.052 130.287 0.053
202512 -0.008 130.366 -0.008
202603 0.003 132.262 0.003

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 €0.15 mean?
DeFi Technologies (FRA:R9B) has a Cyclically Adjusted Revenue per Share of €0.15 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 DeFi Technologies and its competitors.
Is DeFi Technologies' Cyclically Adjusted Revenue per Share too high?
DeFi Technologies' current Cyclically Adjusted Revenue per Share is €0.15. Overall, DeFi Technologies has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DeFi Technologies' Cyclically Adjusted Revenue per Share compare to MS and GS?
DeFi Technologies' Cyclically Adjusted Revenue per Share of €0.15 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Cyclically Adjusted Revenue per Share depends on the Capital Markets 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 DeFi Technologies and its competitors. DeFi Technologies's current Cyclically Adjusted Revenue per Share is €0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DeFi Technologies stock overvalued right now?
Based on GuruFocus' analysis, DeFi Technologies (FRA:R9B) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.41, compared to a current price of €0.36 — trading 12.2% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €0.15. DeFi Technologies' overall GF Score™ is 49/100 with 9 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 DeFi Technologies (FRA:R9B), the current Cyclically Adjusted Revenue per Share is €0.15 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 DeFi Technologies (FRA:R9B) Overvalued in 2026?

Based on GuruFocus' analysis, DeFi Technologies stock appears to be undervalued. The current stock price of €0.36 is trading 12.2% below its estimated GF Value™ of €0.41. GuruFocus considers DeFi Technologies to be Modestly Undervalued.

Key valuation signals for FRA:R9B:

  • Cyclically Adjusted Revenue per Share: €0.15
  • GF Value™: €0.41 vs. price of €0.36 (12.2% below fair value)
  • GF Score™: 49/100 with 9 warning signs

No single metric tells the full story. See the FRA:R9B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DeFi Technologies Business Description

Address 333 Bay Street, Suite 2400, Toronto, ON, CAN, M5H 2T6
DeFi Technologies Inc is a Canadian technology company bridging the gap between traditional capital markets and decentralized finance. The Company generates revenues through the issuance of exchange-traded products that synthetically track the value of a single DeFi protocol, investments in various companies and protocols across the decentralized finance ecosystem to build a diversified portfolio of decentralized finance assets, providing premium membership for research reports to investors and offering node management of decentralized protocols to support governance, security and transaction validation.
49GF Score

Get the complete analysis for FRA:R9B

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

€0.36
Price
€0.41
GF Value