FSOYF (WithSecure) Cyclically Adjusted Revenue per Share: $1.12 (As of Sep. 2025)


FSOYF WithSecure Corp FSOYF
45 GF Score
Price $1.62
GF Value $0.90
! 5 Warning Signs
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What is WithSecure Cyclically Adjusted Revenue per Share?

WithSecure FSOYF 45 Cyclically Adjusted Revenue per Share is $1.12 as of Sep. 2025. GuruFocus rates FSOYF with a GF Score™ of 45/100 and a GF Value™ of $0.90. The stock has 5 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.

WithSecure's adjusted revenue per share for the three months ended in Sep. 2025 was $0.170. 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 $1.12 for the trailing ten years ended in Sep. 2025.

During the past 12 months, WithSecure's average Cyclically Adjusted Revenue Growth Rate was -4.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 0.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.30% 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 WithSecure was 5.50% per year. The lowest was 0.80% per year. And the median was 4.30% per year.

As of today (2026-06-29), WithSecure's current stock price is $1.62. WithSecure's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2025 was $1.12. WithSecure's Cyclically Adjusted PS Ratio of today is 1.45.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of WithSecure was 2.13. The lowest was 0.59. And the median was 1.30.


WithSecure  (OTCPK:FSOYF) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1.62/1.12
=1.45

* 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 WithSecure was 2.13. The lowest was 0.59. And the median was 1.30.


Be Aware

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


WithSecure Cyclically Adjusted Revenue per Share Related Terms


WithSecure Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for WithSecure'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.

WithSecure Cyclically Adjusted Revenue per Share Chart

WithSecure Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.66 2.71 1.29 1.11 1.37

WithSecure Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 1.36 1.37 1.27 1.15 1.12

FSOYF vs MSFT, ORCL, PLTR: Cyclically Adjusted Revenue per Share Comparison

For the Software - Infrastructure subindustry, WithSecure'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.


WithSecure Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, WithSecure's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FSOYF
45GF Score
WithSecure Corp FSOYF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WithSecure 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, WithSecure's adjusted Revenue per Share data for the three months ended in Sep. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=0.17/122.8800*122.8800
=0.170

Current CPI (Sep. 2025) = 122.8800.

WithSecure Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 0.272 99.990 0.334
201603 0.337 100.080 0.414
201606 0.308 100.390 0.377
201609 0.348 100.540 0.425
201612 0.298 101.020 0.362
201703 0.280 100.910 0.341
201706 0.332 101.140 0.403
201709 0.313 101.320 0.380
201712 0.335 101.510 0.406
201803 0.338 101.730 0.408
201806 0.322 102.320 0.387
201809 0.491 102.600 0.588
201812 0.388 102.710 0.464
201903 0.431 102.870 0.515
201906 0.360 103.360 0.428
201909 0.409 103.540 0.485
201912 0.318 103.650 0.377
202003 0.384 103.490 0.456
202006 0.344 103.320 0.409
202009 0.385 103.710 0.456
202012 0.576 103.890 0.681
202103 0.230 104.870 0.269
202106 0.275 105.360 0.321
202109 0.202 106.290 0.234
202112 0.316 107.490 0.361
202203 0.195 110.950 0.216
202206 0.196 113.570 0.212
202209 0.203 114.920 0.217
202212 0.242 117.320 0.253
202303 0.204 119.750 0.209
202306 0.220 120.690 0.224
202309 0.215 121.280 0.218
202312 0.183 121.540 0.185
202403 0.145 122.360 0.146
202406 0.170 122.230 0.171
202409 0.182 122.260 0.183
202412 0.171 122.390 0.172
202503 0.185 123.010 0.185
202506 0.195 122.530 0.196
202509 0.170 122.880 0.170

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 $1.12 mean?
WithSecure (FSOYF) has a Cyclically Adjusted Revenue per Share of $1.12 as of Sep. 2025. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on WithSecure and its competitors.
Is WithSecure's Cyclically Adjusted Revenue per Share too high?
WithSecure's current Cyclically Adjusted Revenue per Share is $1.12. Overall, WithSecure has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does WithSecure's Cyclically Adjusted Revenue per Share compare to MSFT and ORCL?
WithSecure's Cyclically Adjusted Revenue per Share of $1.12 can be compared against companies in the Software 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 Software company?
A good Cyclically Adjusted Revenue per Share depends on the Software 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 WithSecure and its competitors. WithSecure's current Cyclically Adjusted Revenue per Share is $1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WithSecure stock overvalued right now?
WithSecure (FSOYF) has a current Cyclically Adjusted Revenue per Share of $1.12. The stock's GF Value™ is $0.90, compared to a current price of $1.62 — trading 80% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is $1.12. WithSecure's overall GF Score™ is 45/100 with 5 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 WithSecure (FSOYF), the current Cyclically Adjusted Revenue per Share is $1.12 as of Sep. 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 WithSecure (FSOYF) Overvalued in 2026?

Based on GuruFocus' analysis, WithSecure stock appears to be overvalued. The current stock price of $1.62 is trading 80% above its estimated GF Value™ of $0.90.

Key valuation signals for FSOYF:

  • Cyclically Adjusted Revenue per Share: $1.12
  • GF Value™: $0.90 vs. price of $1.62 (80% above fair value)
  • GF Score™: 45/100 with 5 warning signs

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


WithSecure Business Description

Address Valimerenkatu 1, Helsinki, FIN, 00181
WithSecure Corp, formerly F-Secure Corp is a cyber security products and services company The Company has one segment which is security. Its solutions help to protect thousands of businesses from security threats. Geographically, WithSecure is focused on Europe and the United States, and the company's products are sold by thousands of resellers. The company's revenue is split into three categories. Cloud revenue includes the Elements platform cloud-based products, Managed Detection and Response (MDR) and Cloud Protection for Salesforce (CPSF) revenue. Onpremise revenue includes the Elements portfolio on-premise product (Endpoint protection) and other legacy products. Consulting revenue includes the cyber security consulting services.
45GF Score

Get the complete analysis for FSOYF

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

$1.62
Price
$0.90
GF Value