Fielmann Group AG (HAM:FIE) Cyclically Adjusted Revenue per Share: €23.71 (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:FIE Fielmann Group AG HAM:FIE
86 GF Score
Price €39.50
GF Value €53.93
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Fielmann Group AG Cyclically Adjusted Revenue per Share?

Fielmann Group AG HAM:FIE -2.71% 86 Cyclically Adjusted Revenue per Share is €23.71 as of Mar. 2026. GuruFocus rates HAM:FIE with a GF Score™ of 86/100 and a GF Value™ of €53.93 (Modestly Undervalued). The stock has 2 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.

Fielmann Group AG's adjusted revenue per share for the three months ended in Mar. 2026 was €7.263. 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 €23.71 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Fielmann Group AG's average Cyclically Adjusted Revenue Growth Rate was 7.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.90% 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 Fielmann Group AG was 8.80% per year. The lowest was 3.40% per year. And the median was 6.80% per year.

As of today (2026-07-15), Fielmann Group AG's current stock price is €39.50. Fielmann Group AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €23.71. Fielmann Group AG's Cyclically Adjusted PS Ratio of today is 1.67.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Fielmann Group AG was 5.25. The lowest was 1.54. And the median was 3.34.


Fielmann Group AG  (HAM:FIE) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=39.50/23.71
=1.67

* 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 Fielmann Group AG was 5.25. The lowest was 1.54. And the median was 3.34.


Be Aware

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


Fielmann Group AG Cyclically Adjusted Revenue per Share Related Terms


Fielmann Group AG Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Fielmann Group AG'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.

Fielmann Group AG Cyclically Adjusted Revenue per Share Chart

Fielmann Group AG 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 17.30 19.11 20.62 21.94 23.33

Fielmann Group AG 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 22.62 22.43 22.75 23.33 23.71

HAM:FIE vs ISRG, BDX, MDLN: Cyclically Adjusted Revenue per Share Comparison

For the Medical Instruments & Supplies subindustry, Fielmann Group AG'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.


Fielmann Group AG Cyclically Adjusted PS Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Fielmann Group AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HAM:FIE
86GF Score
Fielmann Group AG HAM:FIE
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fielmann Group AG 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, Fielmann Group AG'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)
=7.263/131.2583*131.2583
=7.263

Current CPI (Mar. 2026) = 131.2583.

Fielmann Group AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.146 100.717 5.403
201609 4.156 101.017 5.400
201612 3.864 101.217 5.011
201703 4.109 101.417 5.318
201706 4.170 102.117 5.360
201709 4.347 102.717 5.555
201712 3.876 102.617 4.958
201803 4.138 102.917 5.278
201806 4.353 104.017 5.493
201809 4.378 104.718 5.488
201812 4.138 104.217 5.212
201903 4.392 104.217 5.532
201906 4.624 105.718 5.741
201909 4.775 106.018 5.912
201912 4.318 105.818 5.356
202003 4.133 105.718 5.132
202006 3.142 106.618 3.868
202009 5.031 105.818 6.241
202012 4.667 105.518 5.806
202103 4.610 107.518 5.628
202106 4.836 108.486 5.851
202109 5.512 109.435 6.611
202112 5.092 110.384 6.055
202203 4.949 113.968 5.700
202206 5.219 115.760 5.918
202209 5.524 118.818 6.102
202212 5.242 119.345 5.765
202303 5.735 122.402 6.150
202306 5.929 123.140 6.320
202309 6.222 124.195 6.576
202312 5.589 123.773 5.927
202403 6.242 125.038 6.553
202406 6.631 125.882 6.914
202409 7.175 126.198 7.463
202412 6.940 127.041 7.170
202503 7.208 127.779 7.404
202506 7.473 128.412 7.639
202509 7.410 129.255 7.525
202512 7.170 129.361 7.275
202603 7.263 131.258 7.263

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 €23.71 mean?
Fielmann Group AG (HAM:FIE) has a Cyclically Adjusted Revenue per Share of €23.71 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 Fielmann Group AG and its competitors.
Is Fielmann Group AG's Cyclically Adjusted Revenue per Share too high?
Fielmann Group AG's current Cyclically Adjusted Revenue per Share is €23.71. Overall, Fielmann Group AG has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fielmann Group AG's Cyclically Adjusted Revenue per Share compare to ISRG and BDX?
Fielmann Group AG's Cyclically Adjusted Revenue per Share of €23.71 can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Cyclically Adjusted Revenue per Share depends on the Medical Devices & Instruments 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 Fielmann Group AG and its competitors. Fielmann Group AG's current Cyclically Adjusted Revenue per Share is €23.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fielmann Group AG stock overvalued right now?
Based on GuruFocus' analysis, Fielmann Group AG (HAM:FIE) is currently considered Modestly Undervalued. The stock's GF Value™ is €53.93, compared to a current price of €39.50 — trading 26.8% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €23.71. Fielmann Group AG's overall GF Score™ is 86/100 with 2 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 Fielmann Group AG (HAM:FIE), the current Cyclically Adjusted Revenue per Share is €23.71 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 Fielmann Group AG (HAM:FIE) Overvalued in 2026?

Based on GuruFocus' analysis, Fielmann Group AG stock appears to be undervalued. The current stock price of €39.50 is trading 26.8% below its estimated GF Value™ of €53.93. GuruFocus considers Fielmann Group AG to be Modestly Undervalued.

Key valuation signals for HAM:FIE:

  • Cyclically Adjusted Revenue per Share: €23.71
  • GF Value™: €53.93 vs. price of €39.50 (26.8% below fair value)
  • GF Score™: 86/100 with 2 warning signs

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


Fielmann Group AG Business Description

Address Fuhlsbuttler Strabe 399, Hamburg, DEU, 22309
Fielmann Group AG is involved in the purchase and sale of goods, in physical stores as well as wholesale and online, particularly in the optometric and hearing acoustics sectors, and especially sales of all kinds of vision aids - particularly glasses, eyeewear frames and lenses, sunglasses, contact lenses, accessories, hearing systems, as well as personal protective equipment. Fielmann is involved in all levels of the optical industry value-added chain: designing, manufacturing, product offering, and optician services. The group was divided into six segments: Germany, Switzerland, Austria, Spain, North America, and Other. The majority of its revenue is generated from Germany.
86GF Score

Get the complete analysis for HAM:FIE

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

€39.50
Price
€53.93
GF Value