Western Energy Services (FRA:W1T) Cyclically Adjusted Revenue per Share: €11.64 (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:W1T Western Energy Services Corp FRA:W1T
54 GF Score
Price €1.95
GF Value €1.42
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Western Energy Services Cyclically Adjusted Revenue per Share?

Western Energy Services FRA:W1T -0.51% 54 Cyclically Adjusted Revenue per Share is €11.64 as of Jun. 2026. GuruFocus rates FRA:W1T with a GF Score™ of 54/100 and a GF Value™ of €1.42 (Modestly Overvalued). 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.

Western Energy Services's adjusted revenue per share for the three months ended in Jun. 2026 was €0.704. 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 €11.64 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Western Energy Services's average Cyclically Adjusted Revenue Growth Rate was -6.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -18.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -15.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -15.20% 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 Western Energy Services was -3.10% per year. The lowest was -31.70% per year. And the median was -14.60% per year.

As of today (2026-08-01), Western Energy Services's current stock price is €1.95. Western Energy Services's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €11.64. Western Energy Services's Cyclically Adjusted PS Ratio of today is 0.17.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Western Energy Services was 0.69. The lowest was 0.05. And the median was 0.10.


Western Energy Services  (FRA:W1T) 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.

Western Energy Services's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1.95/11.64
=0.17

* 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 Western Energy Services was 0.69. The lowest was 0.05. And the median was 0.10.


Be Aware

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


Western Energy Services Cyclically Adjusted Revenue per Share Related Terms


Western Energy Services Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Western Energy Services'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.

Western Energy Services Cyclically Adjusted Revenue per Share Chart

Western Energy Services 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 26.80 24.06 18.72 14.54 11.45

Western Energy Services 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 12.38 11.68 11.45 11.31 11.64

FRA:W1T vs NE, RIG, VAL: Cyclically Adjusted Revenue per Share Comparison

For the Oil & Gas Drilling subindustry, Western Energy Services'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.


Western Energy Services Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Western Energy Services's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:W1T
54GF Score
Western Energy Services Corp FRA:W1T
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Western Energy Services 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, Western Energy Services'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)
=0.704/133.5265*133.5265
=0.704

Current CPI (Jun. 2026) = 133.5265.

Western Energy Services Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.171 101.765 4.161
201612 4.601 101.449 6.056
201703 8.438 102.634 10.978
201706 3.199 103.029 4.146
201709 5.301 103.345 6.849
201712 5.239 103.345 6.769
201803 5.852 105.004 7.442
201806 2.482 105.557 3.140
201809 4.444 105.636 5.617
201812 4.737 105.399 6.001
201903 4.993 106.979 6.232
201906 2.882 107.690 3.573
201909 3.698 107.611 4.589
201912 3.585 107.769 4.442
202003 3.866 107.927 4.783
202006 0.824 108.401 1.015
202009 1.003 108.164 1.238
202012 2.063 108.559 2.537
202103 2.869 110.298 3.473
202106 1.607 111.720 1.921
202109 2.561 112.905 3.029
202112 3.302 113.774 3.875
202203 5.400 117.646 6.129
202206 1.157 120.806 1.279
202209 1.309 120.648 1.449
202212 1.248 120.964 1.378
202303 1.598 122.702 1.739
202306 0.882 124.203 0.948
202309 1.125 125.230 1.200
202312 1.136 125.072 1.213
202403 1.245 126.258 1.317
202406 0.862 127.522 0.903
202409 1.147 127.285 1.203
202412 1.183 127.364 1.240
202503 1.314 129.181 1.358
202506 0.750 129.892 0.771
202509 0.911 130.287 0.934
202512 1.069 130.366 1.095
202603 1.029 132.262 1.039
202606 0.704 133.527 0.704

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 €11.64 mean?
Western Energy Services (FRA:W1T) has a Cyclically Adjusted Revenue per Share of €11.64 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 Western Energy Services and its competitors.
Is Western Energy Services' Cyclically Adjusted Revenue per Share too high?
Western Energy Services' current Cyclically Adjusted Revenue per Share is €11.64. Overall, Western Energy Services has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Western Energy Services' Cyclically Adjusted Revenue per Share compare to NE and RIG?
Western Energy Services' Cyclically Adjusted Revenue per Share of €11.64 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Cyclically Adjusted Revenue per Share depends on the Oil & Gas 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 Western Energy Services and its competitors. Western Energy Services's current Cyclically Adjusted Revenue per Share is €11.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Western Energy Services (FRA:W1T) is currently considered Modestly Overvalued. The stock's GF Value™ is €1.42, compared to a current price of €1.95 — trading 37.3% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €11.64. Western Energy Services' overall GF Score™ is 54/100 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 Western Energy Services (FRA:W1T), the current Cyclically Adjusted Revenue per Share is €11.64 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 Western Energy Services (FRA:W1T) Overvalued in 2026?

Based on GuruFocus' analysis, Western Energy Services stock appears to be overvalued. The current stock price of €1.95 is trading 37.3% above its estimated GF Value™ of €1.42. GuruFocus considers Western Energy Services to be Modestly Overvalued.

Key valuation signals for FRA:W1T:

  • Cyclically Adjusted Revenue per Share: €11.64
  • GF Value™: €1.42 vs. price of €1.95 (37.3% above fair value)
  • GF Score™: 54/100 with 7 warning signs

No single metric tells the full story. See the FRA:W1T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Western Energy Services Business Description

Industry EnergyOil & Gas
Other Exchanges WEEEF:USAWRG:Canada
Address 215, 9th Avenue SW, Suite 1700, Calgary, AB, CAN, T2P 1K3
Western Energy Services Corp is an energy service company providing contract drilling services through its division, Horizon Drilling in Canada, and its wholly owned subsidiary in the United States. The company provides production services in Canada through its division Eagle Well Servicing (Eagle) which provides well servicing and its division Aero Rental Services (Aero), which provides rental equipment services. It operates in two segments. Contract drilling includes drilling rigs along with related ancillary equipment. Production services include well servicing rigs and related equipment, as well as rental equipment. The contract drilling segment derives the majority of the revenue.
54GF Score

Get the complete analysis for FRA:W1T

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

€1.95
Price
€1.42
GF Value