VNET Group (HAM:217A) Cyclically Adjusted Revenue per Share: €4.75 (As of Mar. 2026)

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HAM:217A VNET Group Inc HAM:217A
57 GF Score
Price €6.22
GF Value €3.79
! 8 Warning Signs
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What is VNET Group Cyclically Adjusted Revenue per Share?

VNET Group HAM:217A +16.92% 57 Cyclically Adjusted Revenue per Share is €4.75 as of Mar. 2026. GuruFocus rates HAM:217A with a GF Score™ of 57/100 and a GF Value™ of €3.79. The stock has 8 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.

VNET Group's adjusted revenue per share for the three months ended in Mar. 2026 was €1.232. 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 €4.75 for the trailing ten years ended in Mar. 2026.

During the past 12 months, VNET Group's average Cyclically Adjusted Revenue Growth Rate was -2.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -3.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -0.30% 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 VNET Group was 3.00% per year. The lowest was -3.30% per year. And the median was 0.85% per year.

As of today (2026-08-02), VNET Group's current stock price is €6.22. VNET Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €4.75. VNET Group's Cyclically Adjusted PS Ratio of today is 1.31.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of VNET Group was 7.18. The lowest was 0.23. And the median was 1.30.


VNET Group  (HAM:217A) 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.

VNET Group's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=6.22/4.75
=1.31

* 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 VNET Group was 7.18. The lowest was 0.23. 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.


VNET Group Cyclically Adjusted Revenue per Share Related Terms


VNET Group Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for VNET Group'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.

VNET Group Cyclically Adjusted Revenue per Share Chart

VNET Group 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 0.00 0.00 0.00 0.00 4.94

VNET Group 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 0.00 0.00 0.00 4.94 4.75

HAM:217A vs INOD, SHAZ, DXC: Cyclically Adjusted Revenue per Share Comparison

For the Information Technology Services subindustry, VNET Group'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.


VNET Group Cyclically Adjusted PS Ratio vs Software Industry

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

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


HAM:217A
57GF Score
VNET Group Inc HAM:217A
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VNET Group 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, VNET Group'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)
=1.232/116.3033*116.3033
=1.232

Current CPI (Mar. 2026) = 116.3033.

VNET Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.276 101.400 1.464
201609 1.137 102.400 1.291
201612 1.087 102.600 1.232
201703 1.034 103.200 1.165
201706 1.028 103.100 1.160
201709 1.012 104.100 1.131
201712 0.872 104.500 0.970
201803 0.911 105.300 1.006
201806 0.975 104.900 1.081
201809 0.965 106.600 1.053
201812 1.022 106.500 1.116
201903 0.999 107.700 1.079
201906 1.009 107.700 1.090
201909 1.106 109.800 1.172
201912 1.203 111.200 1.258
202003 1.260 112.300 1.305
202006 1.302 110.400 1.372
202009 1.157 111.700 1.205
202012 1.267 111.500 1.322
202103 1.248 112.662 1.288
202106 1.281 111.769 1.333
202109 1.373 112.215 1.423
202112 1.614 113.108 1.660
202203 1.506 114.335 1.532
202206 1.650 114.558 1.675
202209 1.763 115.339 1.778
202212 1.723 115.116 1.741
202303 1.390 115.116 1.404
202306 1.585 114.558 1.609
202309 1.635 115.339 1.649
202312 1.559 114.781 1.580
202403 0.928 115.227 0.937
202406 0.960 114.781 0.973
202409 0.931 115.785 0.935
202412 0.985 114.893 0.997
202503 1.069 115.116 1.080
202506 1.095 114.907 1.108
202509 1.148 115.471 1.156
202512 1.210 115.832 1.215
202603 1.232 116.303 1.232

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 €4.75 mean?
VNET Group (HAM:217A) has a Cyclically Adjusted Revenue per Share of €4.75 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 VNET Group and its competitors.
Is VNET Group's Cyclically Adjusted Revenue per Share too high?
VNET Group's current Cyclically Adjusted Revenue per Share is €4.75. Overall, VNET Group has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does VNET Group's Cyclically Adjusted Revenue per Share compare to INOD and SHAZ?
VNET Group's Cyclically Adjusted Revenue per Share of €4.75 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 VNET Group and its competitors. VNET Group's current Cyclically Adjusted Revenue per Share is €4.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNET Group stock overvalued right now?
VNET Group (HAM:217A) has a current Cyclically Adjusted Revenue per Share of €4.75. The stock's GF Value™ is €3.79, compared to a current price of €6.22 — trading 64.1% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €4.75. VNET Group's overall GF Score™ is 57/100 with 8 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 VNET Group (HAM:217A), the current Cyclically Adjusted Revenue per Share is €4.75 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 VNET Group (HAM:217A) Overvalued in 2026?

Based on GuruFocus' analysis, VNET Group stock appears to be overvalued. The current stock price of €6.22 is trading 64.1% above its estimated GF Value™ of €3.79.

Key valuation signals for HAM:217A:

  • Cyclically Adjusted Revenue per Share: €4.75
  • GF Value™: €3.79 vs. price of €6.22 (64.1% above fair value)
  • GF Score™: 57/100 with 8 warning signs

No single metric tells the full story. See the HAM:217A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VNET Group Business Description

Other Exchanges VNET:USA217A:Germany
Address No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016
VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of December 2025, it had 49,863 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 889 MW of wholesale capacity in service, with a further 452 MW under construction and a further 840 MW held for future development.
57GF Score

Get the complete analysis for HAM:217A

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

€6.22
Price
€3.79
GF Value