Svenska Handelsbanken AB (FRA:SVHI) Cyclically Adjusted Revenue per Share: €1.25 (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:SVHI Svenska Handelsbanken AB FRA:SVHI
64 GF Score
Price €6.40
GF Value €4.78
! 7 Warning Signs
View Full Analysis

What is Svenska Handelsbanken AB Cyclically Adjusted Revenue per Share?

Svenska Handelsbanken AB FRA:SVHI -0.78% 64 Cyclically Adjusted Revenue per Share is €1.25 as of Jun. 2026. GuruFocus rates FRA:SVHI with a GF Score™ of 64/100 and a GF Value™ of €4.78. The stock has 7 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.

Svenska Handelsbanken AB's adjusted revenue per share for the three months ended in Jun. 2026 was €0.310. 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 €1.25 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Svenska Handelsbanken AB's average Cyclically Adjusted Revenue Growth Rate was 1.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.40% 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 Svenska Handelsbanken AB was 8.60% per year. The lowest was 3.60% per year. And the median was 7.10% per year.

As of today (2026-09-03), Svenska Handelsbanken AB's current stock price is €6.40. Svenska Handelsbanken AB's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €1.25. Svenska Handelsbanken AB's Cyclically Adjusted PS Ratio of today is 5.12.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Svenska Handelsbanken AB was 5.15. The lowest was 3.25. And the median was 4.19.


Svenska Handelsbanken AB  (FRA:SVHI) 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.

Svenska Handelsbanken AB's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=6.40/1.25
=5.12

* 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 Svenska Handelsbanken AB was 5.15. The lowest was 3.25. And the median was 4.19.


Be Aware

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


Svenska Handelsbanken AB Cyclically Adjusted Revenue per Share Related Terms


Svenska Handelsbanken AB Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Svenska Handelsbanken AB'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.

Svenska Handelsbanken AB Cyclically Adjusted Revenue per Share Chart

Svenska Handelsbanken AB 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 1.04 1.10 1.18 1.17 1.26

Svenska Handelsbanken AB 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 1.22 1.26 1.26 1.22 1.25

FRA:SVHI vs JPM, BAC, WFC: Cyclically Adjusted Revenue per Share Comparison

For the Banks - Diversified subindustry, Svenska Handelsbanken AB'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.


Svenska Handelsbanken AB Cyclically Adjusted PS Ratio vs Banks Industry

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

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


FRA:SVHI
64GF Score
Svenska Handelsbanken AB FRA:SVHI
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Svenska Handelsbanken AB 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, Svenska Handelsbanken AB'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)
=0.31/134.6100*134.6100
=0.310

Current CPI (Jun. 2026) = 134.6100.

Svenska Handelsbanken AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.277 101.138 0.369
201612 0.264 102.022 0.348
201703 0.267 102.022 0.352
201706 0.266 102.752 0.348
201709 0.271 103.279 0.353
201712 0.284 103.793 0.368
201803 0.258 103.962 0.334
201806 0.286 104.875 0.367
201809 0.260 105.679 0.331
201812 0.273 105.912 0.347
201903 0.260 105.886 0.331
201906 0.268 106.742 0.338
201909 0.262 107.214 0.329
201912 0.274 107.766 0.342
202003 0.259 106.563 0.327
202006 0.256 107.498 0.321
202009 0.266 107.635 0.333
202012 0.260 108.296 0.323
202103 0.261 108.360 0.324
202106 0.271 108.928 0.335
202109 0.275 110.338 0.335
202112 0.290 112.486 0.347
202203 0.270 114.825 0.317
202206 0.239 118.384 0.272
202209 0.302 122.296 0.332
202212 0.323 126.365 0.344
202303 0.337 127.042 0.357
202306 0.328 129.407 0.341
202309 0.346 130.224 0.358
202312 0.358 131.912 0.365
202403 0.340 132.205 0.346
202406 0.346 132.716 0.351
202409 0.346 132.304 0.352
202412 0.353 132.987 0.357
202503 0.345 132.825 0.350
202506 0.317 133.699 0.319
202509 0.325 133.480 0.328
202512 0.329 133.390 0.332
202603 0.347 133.560 0.350
202606 0.310 134.610 0.310

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 €1.25 mean?
Svenska Handelsbanken AB (FRA:SVHI) has a Cyclically Adjusted Revenue per Share of €1.25 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 Svenska Handelsbanken AB and its competitors.
Is Svenska Handelsbanken AB's Cyclically Adjusted Revenue per Share too high?
Svenska Handelsbanken AB's current Cyclically Adjusted Revenue per Share is €1.25. Overall, Svenska Handelsbanken AB has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Svenska Handelsbanken AB's Cyclically Adjusted Revenue per Share compare to JPM and BAC?
Svenska Handelsbanken AB's Cyclically Adjusted Revenue per Share of €1.25 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 Svenska Handelsbanken AB and its competitors. Svenska Handelsbanken AB's current Cyclically Adjusted Revenue per Share is €1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Svenska Handelsbanken AB stock overvalued right now?
Svenska Handelsbanken AB (FRA:SVHI) has a current Cyclically Adjusted Revenue per Share of €1.25. The stock's GF Value™ is €4.78, compared to a current price of €6.40 — trading 33.9% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €1.25. Svenska Handelsbanken AB's overall GF Score™ is 64/100 with 7 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 Svenska Handelsbanken AB (FRA:SVHI), the current Cyclically Adjusted Revenue per Share is €1.25 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 Svenska Handelsbanken AB (FRA:SVHI) Overvalued in 2026?

Based on GuruFocus' analysis, Svenska Handelsbanken AB stock appears to be overvalued. The current stock price of €6.40 is trading 33.9% above its estimated GF Value™ of €4.78.

Key valuation signals for FRA:SVHI:

  • Cyclically Adjusted Revenue per Share: €1.25
  • GF Value™: €4.78 vs. price of €6.40 (33.9% above fair value)
  • GF Score™: 64/100 with 7 warning signs

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


Svenska Handelsbanken AB Business Description

Address Kungstradgardsgatan 2, Stockholm, SWE, SE-106 70
Handelsbanken is one of the largest Swedish banks with significant exposure to the Swedish mortgage market; about 44% of total loans are tied to the Swedish real estate market. Outside of Sweden, the bank operates primarily in the UK and the Netherlands. Handelsbanken generates about three-fourths of its income from its interest-spread-based business, including mortgages, household loans, and corporate loans to large and small enterprises.
64GF Score

Get the complete analysis for FRA:SVHI

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

€6.40
Price
€4.78
GF Value