Tokio Marine Holdings (HAM:MH6) Cyclically Adjusted Revenue per Share: €18.05 (As of Mar. 2026)

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HAM:MH6 Tokio Marine Holdings Inc HAM:MH6
62 GF Score
Price €40.38
GF Value €34.05
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Tokio Marine Holdings Cyclically Adjusted Revenue per Share?

Tokio Marine Holdings HAM:MH6 -2.24% 62 Cyclically Adjusted Revenue per Share is €18.05 as of Mar. 2026. GuruFocus rates HAM:MH6 with a GF Score™ of 62/100 and a GF Value™ of €34.05 (Modestly Overvalued). 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.

Tokio Marine Holdings's adjusted revenue per share for the three months ended in Mar. 2026 was €6.249. 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 €18.05 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Tokio Marine Holdings's average Cyclically Adjusted Revenue Growth Rate was 8.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.70% per year. During the past 5 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 Tokio Marine Holdings was 10.20% per year. The lowest was 6.10% per year. And the median was 7.50% per year.

As of today (2026-07-19), Tokio Marine Holdings's current stock price is €40.375. Tokio Marine Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €18.05. Tokio Marine Holdings's Cyclically Adjusted PS Ratio of today is 2.24.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tokio Marine Holdings was 2.34. The lowest was 0.74. And the median was 1.03.


Tokio Marine Holdings  (HAM:MH6) 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.

Tokio Marine Holdings's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=40.375/18.05
=2.24

* 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 Tokio Marine Holdings was 2.34. The lowest was 0.74. And the median was 1.03.


Be Aware

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


Tokio Marine Holdings Cyclically Adjusted Revenue per Share Related Terms


Tokio Marine Holdings Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Tokio Marine Holdings'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.

Tokio Marine Holdings Cyclically Adjusted Revenue per Share Chart

Tokio Marine Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
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 18.05

Tokio Marine Holdings 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 17.49 18.05

HAM:MH6 vs CB, PGR, TRV: Cyclically Adjusted Revenue per Share Comparison

For the Insurance - Property & Casualty subindustry, Tokio Marine Holdings'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.


Tokio Marine Holdings Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Tokio Marine Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HAM:MH6
62GF Score
Tokio Marine Holdings Inc HAM:MH6
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokio Marine Holdings 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, Tokio Marine Holdings'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)
=6.249/112.7000*112.7000
=6.249

Current CPI (Mar. 2026) = 112.7000.

Tokio Marine Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.835 98.100 5.555
201609 4.600 98.000 5.290
201612 4.142 98.400 4.744
201703 5.453 98.100 6.265
201706 4.634 98.500 5.302
201709 4.253 98.800 4.851
201712 4.362 99.400 4.946
201803 4.978 99.200 5.655
201806 4.836 99.200 5.494
201809 4.664 99.900 5.262
201812 4.751 99.700 5.370
201903 5.253 99.700 5.938
201906 5.220 99.800 5.895
201909 5.227 100.100 5.885
201912 5.049 100.500 5.662
202003 5.704 100.300 6.409
202006 4.940 99.900 5.573
202009 5.095 99.900 5.748
202012 4.941 99.300 5.608
202103 5.315 99.900 5.996
202106 5.035 99.500 5.703
202109 5.172 100.100 5.823
202112 5.342 100.100 6.014
202203 5.910 101.100 6.588
202206 4.971 101.800 5.503
202209 5.543 103.100 6.059
202212 6.070 104.100 6.571
202303 5.485 104.400 5.921
202306 5.427 105.200 5.814
202309 5.798 106.200 6.153
202312 5.885 106.800 6.210
202403 5.575 107.200 5.861
202406 4.967 108.200 5.174
202409 7.962 108.900 8.240
202412 5.574 110.700 5.675
202503 5.415 111.100 5.493
202506 6.286 111.700 6.342
202509 6.037 112.000 6.075
202512 6.070 113.000 6.054
202603 6.249 112.700 6.249

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 €18.05 mean?
Tokio Marine Holdings (HAM:MH6) has a Cyclically Adjusted Revenue per Share of €18.05 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 Tokio Marine Holdings and its competitors.
Is Tokio Marine Holdings' Cyclically Adjusted Revenue per Share too high?
Tokio Marine Holdings' current Cyclically Adjusted Revenue per Share is €18.05. Overall, Tokio Marine Holdings has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokio Marine Holdings' Cyclically Adjusted Revenue per Share compare to CB and PGR?
Tokio Marine Holdings' Cyclically Adjusted Revenue per Share of €18.05 can be compared against companies in the Insurance 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 an Insurance company?
A good Cyclically Adjusted Revenue per Share depends on the Insurance 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 Tokio Marine Holdings and its competitors. Tokio Marine Holdings's current Cyclically Adjusted Revenue per Share is €18.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokio Marine Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tokio Marine Holdings (HAM:MH6) is currently considered Modestly Overvalued. The stock's GF Value™ is €34.05, compared to a current price of €40.38 — trading 18.6% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €18.05. Tokio Marine Holdings' overall GF Score™ is 62/100 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 Tokio Marine Holdings (HAM:MH6), the current Cyclically Adjusted Revenue per Share is €18.05 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 Tokio Marine Holdings (HAM:MH6) Overvalued in 2026?

Based on GuruFocus' analysis, Tokio Marine Holdings stock appears to be overvalued. The current stock price of €40.38 is trading 18.6% above its estimated GF Value™ of €34.05. GuruFocus considers Tokio Marine Holdings to be Modestly Overvalued.

Key valuation signals for HAM:MH6:

  • Cyclically Adjusted Revenue per Share: €18.05
  • GF Value™: €34.05 vs. price of €40.38 (18.6% above fair value)
  • GF Score™: 62/100 with 4 warning signs

No single metric tells the full story. See the HAM:MH6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokio Marine Holdings Business Description

Address 2-6-4 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004
Dating back to 1879, Tokio Marine is the oldest insurance company in Japan and operated as its top property and casualty insurer for decades. Following industry consolidation, it now shares domestic dominance with MS and AD and Sompo. However, Tokio Marine remains by far the most valuable listed Japanese insurer by market capitalization. This premium valuation is driven by an aggressive unwinding of domestic cross-shareholdings and a highly profitable overseas portfolio. The majority of its international business is based in the United States, where it has acquired premium specialty insurers since 2008, including Philadelphia Consolidated, Delphi Financial, Tokio Marine HCC, and Privilege Underwriters Reciprocal Exchange, recently fortified by a capital alliance with Berkshire Hathaway.
62GF Score

Get the complete analysis for HAM:MH6

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

€40.38
Price
€34.05
GF Value