Diana Shipping (HAM:DSZ) Cyclically Adjusted Revenue per Share: €2.15 (As of Mar. 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:DSZ Diana Shipping Inc HAM:DSZ
73 GF Score
Price €1.92
GF Value €1.89
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Diana Shipping Cyclically Adjusted Revenue per Share?

Diana Shipping HAM:DSZ +3.23% 73 Cyclically Adjusted Revenue per Share is €2.15 as of Mar. 2026. GuruFocus rates HAM:DSZ with a GF Score™ of 73/100 and a GF Value™ of €1.89 (Fairly Valued). 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.

Diana Shipping's adjusted revenue per share for the three months ended in Mar. 2026 was €0.422. 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 €2.15 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Diana Shipping's average Cyclically Adjusted Revenue Growth Rate was 2.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -1.30% 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 Diana Shipping was 5.70% per year. The lowest was -7.20% per year. And the median was -3.85% per year.

As of today (2026-07-22), Diana Shipping's current stock price is €1.918. Diana Shipping's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €2.15. Diana Shipping's Cyclically Adjusted PS Ratio of today is 0.89.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Diana Shipping was 2.85. The lowest was 0.52. And the median was 1.26.


Diana Shipping  (HAM:DSZ) 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.

Diana Shipping's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1.918/2.15
=0.89

* 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 Diana Shipping was 2.85. The lowest was 0.52. And the median was 1.26.


Be Aware

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


Diana Shipping Cyclically Adjusted Revenue per Share Related Terms


Diana Shipping Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Diana Shipping'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.

Diana Shipping Cyclically Adjusted Revenue per Share Chart

Diana Shipping 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 1.87 2.19 2.21 2.24 2.14

Diana Shipping 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 2.30 2.15 2.18 2.14 2.15

HAM:DSZ vs GASS, SMHI, SHIP: Cyclically Adjusted Revenue per Share Comparison

For the Marine Shipping subindustry, Diana Shipping'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.


Diana Shipping Cyclically Adjusted PS Ratio vs Transportation Industry

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

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


HAM:DSZ
73GF Score
Diana Shipping Inc HAM:DSZ
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Diana Shipping 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, Diana Shipping'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)
=0.422/124.8200*124.8200
=0.422

Current CPI (Mar. 2026) = 124.8200.

Diana Shipping Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.313 100.121 0.390
201609 0.300 99.878 0.375
201612 0.329 100.110 0.410
201703 0.360 100.770 0.446
201706 0.347 101.138 0.428
201709 0.360 100.882 0.445
201712 0.404 100.762 0.500
201803 0.380 100.534 0.472
201806 0.440 102.121 0.538
201809 0.501 101.982 0.613
201812 0.526 101.330 0.648
201903 0.530 101.482 0.652
201906 0.506 101.837 0.620
201909 0.516 101.906 0.632
201912 0.515 102.120 0.629
202003 0.458 101.479 0.563
202006 0.425 100.239 0.529
202009 0.419 99.886 0.524
202012 0.404 99.751 0.506
202103 0.413 99.817 0.516
202106 0.456 101.270 0.562
202109 0.584 102.095 0.714
202112 0.712 104.853 0.848
202203 0.760 108.651 0.873
202206 0.861 113.517 0.947
202209 0.907 114.371 0.990
202212 0.790 112.428 0.877
202303 0.689 113.620 0.757
202306 0.615 115.515 0.665
202309 0.567 116.234 0.609
202312 0.522 116.364 0.560
202403 0.476 117.285 0.507
202406 0.451 118.129 0.477
202409 0.431 119.650 0.450
202412 0.420 119.360 0.439
202503 0.464 120.133 0.482
202506 0.428 121.399 0.440
202509 0.398 121.950 0.407
202512 0.401 122.450 0.409
202603 0.422 124.820 0.422

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 €2.15 mean?
Diana Shipping (HAM:DSZ) has a Cyclically Adjusted Revenue per Share of €2.15 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 Diana Shipping and its competitors.
Is Diana Shipping's Cyclically Adjusted Revenue per Share too high?
Diana Shipping's current Cyclically Adjusted Revenue per Share is €2.15. Overall, Diana Shipping has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Diana Shipping's Cyclically Adjusted Revenue per Share compare to GASS and SMHI?
Diana Shipping's Cyclically Adjusted Revenue per Share of €2.15 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 Diana Shipping and its competitors. Diana Shipping's current Cyclically Adjusted Revenue per Share is €2.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Diana Shipping stock overvalued right now?
Based on GuruFocus' analysis, Diana Shipping (HAM:DSZ) is currently considered Fairly Valued. The stock's GF Value™ is €1.89, compared to a current price of €1.92 — trading 1.5% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €2.15. Diana Shipping's overall GF Score™ is 73/100 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 Diana Shipping (HAM:DSZ), the current Cyclically Adjusted Revenue per Share is €2.15 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 Diana Shipping (HAM:DSZ) Overvalued in 2026?

Based on GuruFocus' analysis, Diana Shipping stock appears to be overvalued. The current stock price of €1.92 is trading 1.5% above its estimated GF Value™ of €1.89. GuruFocus considers Diana Shipping to be Fairly Valued.

Key valuation signals for HAM:DSZ:

  • Cyclically Adjusted Revenue per Share: €2.15
  • GF Value™: €1.89 vs. price of €1.92 (1.5% above fair value)
  • GF Score™: 73/100 with 4 warning signs

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


Diana Shipping Business Description

Address 175 64 Palaio Faliro, Pendelis 16, Athens, GRC, 175 64
Diana Shipping Inc provides shipping transportation services. The company, through its subsidiaries, operates a fleet of vessels consisting of dry bulk carriers such as Panamax, Kamsarmax, Post-Panamax, Capesize, and Newcastlemax vessels. Using this fleet, the firm provides transportation services for various goods, including coal, iron ore, and grains. It also transports minor bulks, including steel products, cement, and fertilizers, through its dry bulk carrier vessels. The operation of the vessels is the main source of revenue generation; the services provided by the vessels are similar, and all operate under the same economic environment.
73GF Score

Get the complete analysis for HAM:DSZ

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

€1.92
Price
€1.89
GF Value