Alaska Air Group (HAM:ALK) Cyclically Adjusted Revenue per Share: €75.11 (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.

HAM:ALK Alaska Air Group Inc HAM:ALK
81 GF Score
Price €40.69
GF Value €51.10
! 4 Warning Signs
View Full Analysis

What is Alaska Air Group Cyclically Adjusted Revenue per Share?

Alaska Air Group HAM:ALK +0.27% 81 Cyclically Adjusted Revenue per Share is €75.11 as of Jun. 2026. GuruFocus rates HAM:ALK with a GF Score™ of 81/100 and a GF Value™ of €51.10. The stock has 4 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.

Alaska Air Group's adjusted revenue per share for the three months ended in Jun. 2026 was €31.751. 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 €75.11 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Alaska Air Group's average Cyclically Adjusted Revenue Growth Rate was 12.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 9.50% 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 Alaska Air Group was 12.30% per year. The lowest was -1.90% per year. And the median was 4.00% per year.

As of today (2026-08-04), Alaska Air Group's current stock price is €40.69. Alaska Air Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €75.11. Alaska Air Group's Cyclically Adjusted PS Ratio of today is 0.54.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Alaska Air Group was 2.88. The lowest was 0.45. And the median was 0.97.


Alaska Air Group  (HAM:ALK) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=40.69/75.11
=0.54

* 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 Alaska Air Group was 2.88. The lowest was 0.45. And the median was 0.97.


Be Aware

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


Alaska Air Group Cyclically Adjusted Revenue per Share Related Terms


Alaska Air Group Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Alaska Air 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.

Alaska Air Group Cyclically Adjusted Revenue per Share Chart

Alaska Air 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 67.94

Alaska Air Group 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 0.00 0.00 67.94 68.09 75.11

HAM:ALK vs CPA, SKYW, ALGT: Cyclically Adjusted Revenue per Share Comparison

For the Airlines subindustry, Alaska Air 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.


Alaska Air Group Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Alaska Air Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HAM:ALK
81GF Score
Alaska Air Group Inc HAM:ALK
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alaska Air 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, Alaska Air Group'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)
=31.751/333.9520*333.9520
=31.751

Current CPI (Jun. 2026) = 333.9520.

Alaska Air Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 11.268 241.428 15.586
201612 11.570 241.432 16.004
201703 13.089 243.801 17.929
201706 15.047 244.955 20.514
201709 14.251 246.819 19.282
201712 13.408 246.524 18.163
201803 12.018 249.554 16.082
201806 14.879 251.989 19.719
201809 15.305 252.439 20.247
201812 14.574 251.233 19.373
201903 13.398 254.202 17.601
201906 16.290 256.143 21.238
201909 17.484 256.759 22.740
201912 16.041 256.974 20.846
202003 12.055 258.115 15.597
202006 3.032 257.797 3.928
202009 4.813 260.280 6.175
202012 5.355 260.474 6.866
202103 5.386 264.877 6.791
202106 9.993 271.696 12.283
202109 13.052 274.310 15.890
202112 13.117 278.802 15.712
202203 12.115 287.504 14.072
202206 19.676 296.311 22.175
202209 22.250 296.808 25.034
202212 18.378 296.797 20.679
202303 16.087 301.836 17.799
202306 20.319 305.109 22.240
202309 20.591 307.789 22.341
202312 18.350 306.746 19.978
202403 16.301 312.332 17.429
202406 20.975 314.175 22.295
202409 21.525 315.301 22.798
202412 26.275 315.605 27.802
202503 23.566 319.799 24.609
202506 26.556 322.561 27.494
202509 27.308 324.800 28.077
202512 26.710 324.054 27.526
202603 24.975 330.213 25.258
202606 31.751 333.952 31.751

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 €75.11 mean?
Alaska Air Group (HAM:ALK) has a Cyclically Adjusted Revenue per Share of €75.11 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 Alaska Air Group and its competitors.
Is Alaska Air Group's Cyclically Adjusted Revenue per Share too high?
Alaska Air Group's current Cyclically Adjusted Revenue per Share is €75.11. Overall, Alaska Air Group has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Alaska Air Group's Cyclically Adjusted Revenue per Share compare to CPA and SKYW?
Alaska Air Group's Cyclically Adjusted Revenue per Share of €75.11 can be compared against companies in the Transportation 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 Transportation company?
A good Cyclically Adjusted Revenue per Share depends on the Transportation 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 Alaska Air Group and its competitors. Alaska Air Group's current Cyclically Adjusted Revenue per Share is €75.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alaska Air Group stock overvalued right now?
Alaska Air Group (HAM:ALK) has a current Cyclically Adjusted Revenue per Share of €75.11. The stock's GF Value™ is €51.10, compared to a current price of €40.69 — trading 20.4% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €75.11. Alaska Air Group's overall GF Score™ is 81/100 with 4 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 Alaska Air Group (HAM:ALK), the current Cyclically Adjusted Revenue per Share is €75.11 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 Alaska Air Group (HAM:ALK) Overvalued in 2026?

Based on GuruFocus' analysis, Alaska Air Group stock appears to be undervalued. The current stock price of €40.69 is trading 20.4% below its estimated GF Value™ of €51.10.

Key valuation signals for HAM:ALK:

  • Cyclically Adjusted Revenue per Share: €75.11
  • GF Value™: €51.10 vs. price of €40.69 (20.4% below fair value)
  • GF Score™: 81/100 with 4 warning signs

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


Alaska Air Group Business Description

Address 19300 International Boulevard, Seattle, WA, USA, 98188
Alaska Air Group Inc operates two airlines, Alaska and Horizon, in three operating segments. The Alaska Airlines segment includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico and Costa Rica. The Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements. The Hawaiian Airlines segment includes scheduled air transportation on Hawaiian's Boeing and Airbus aircraft for passengers and cargo. It earns revenues from Passenger tickets, including ticket breakage and net of taxes and fees, Passenger ancillary, and Mileage Plan passenger revenue.
81GF Score

Get the complete analysis for HAM:ALK

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

€40.69
Price
€51.10
GF Value