Rheinmetall AG (HAM:RHMB) Cyclically Adjusted Revenue per Share: €34.70 (As of Mar. 2026)


HAM:RHMB Rheinmetall AG HAM:RHMB
76 GF Score
Price €220.00
GF Value €160.92
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Rheinmetall AG Cyclically Adjusted Revenue per Share?

Rheinmetall AG HAM:RHMB -1.79% 76 Cyclically Adjusted Revenue per Share is €34.70 as of Mar. 2026. GuruFocus rates HAM:RHMB with a GF Score™ of 76/100 and a GF Value™ of €160.92 (Significantly Overvalued). 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.

Rheinmetall AG's adjusted revenue per share for the three months ended in Mar. 2026 was €8.305. 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 €34.70 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Rheinmetall AG's average Cyclically Adjusted Revenue Growth Rate was 4.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.80% 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 Rheinmetall AG was 5.50% per year. The lowest was 2.70% per year. And the median was 4.05% per year.

As of today (2026-07-08), Rheinmetall AG's current stock price is €220.00. Rheinmetall AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €34.70. Rheinmetall AG's Cyclically Adjusted PS Ratio of today is 6.34.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Rheinmetall AG was 11.72. The lowest was 0.40. And the median was 0.89.


Rheinmetall AG  (HAM:RHMB) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=220.00/34.70
=6.34

* 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 Rheinmetall AG was 11.72. The lowest was 0.40. And the median was 0.89.


Be Aware

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


Rheinmetall AG Cyclically Adjusted Revenue per Share Related Terms


Rheinmetall AG Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Rheinmetall 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.

Rheinmetall AG Cyclically Adjusted Revenue per Share Chart

Rheinmetall 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 0.00 0.00 0.00 33.14 33.55

Rheinmetall 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 32.71 33.43 33.85 33.55 34.70

HAM:RHMB vs SPCX, GE, RTX: Cyclically Adjusted Revenue per Share Comparison

For the Aerospace & Defense subindustry, Rheinmetall 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.


Rheinmetall AG Cyclically Adjusted PS Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Rheinmetall AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


HAM:RHMB
76GF Score
Rheinmetall AG HAM:RHMB
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rheinmetall 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, Rheinmetall 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)
=8.305/131.2583*131.2583
=8.305

Current CPI (Mar. 2026) = 131.2583.

Rheinmetall AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 6.669 100.717 8.691
201609 6.028 101.017 7.833
201612 7.955 101.217 10.316
201703 6.295 101.417 8.147
201706 6.854 102.117 8.810
201709 6.299 102.717 8.049
201712 8.032 102.617 10.274
201803 5.775 102.917 7.365
201806 6.986 104.017 8.816
201809 6.597 104.718 8.269
201812 9.205 104.217 11.593
201903 6.207 104.217 7.818
201906 6.851 105.718 8.506
201909 6.911 106.018 8.556
201912 9.052 105.818 11.228
202003 6.268 105.718 7.782
202006 5.231 106.618 6.440
202009 5.904 105.818 7.323
202012 8.178 105.518 10.173
202103 5.900 107.518 7.203
202106 6.180 108.486 7.477
202109 5.825 109.435 6.987
202112 8.392 110.384 9.979
202203 5.846 113.968 6.733
202206 6.571 115.760 7.451
202209 6.469 118.818 7.146
202212 10.763 119.345 11.837
202303 6.015 122.402 6.450
202306 6.922 123.140 7.378
202309 8.135 124.195 8.598
202312 9.319 123.773 9.883
202403 6.780 125.038 7.117
202406 10.305 125.882 10.745
202409 11.084 126.198 11.528
202412 5.138 127.041 5.309
202503 7.714 127.779 7.924
202506 10.499 128.412 10.732
202509 12.108 129.255 12.296
202512 9.646 129.361 9.788
202603 8.305 131.258 8.305

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 €34.70 mean?
Rheinmetall AG (HAM:RHMB) has a Cyclically Adjusted Revenue per Share of €34.70 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 Rheinmetall AG and its competitors.
Is Rheinmetall AG's Cyclically Adjusted Revenue per Share too high?
Rheinmetall AG's current Cyclically Adjusted Revenue per Share is €34.70. Overall, Rheinmetall AG has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rheinmetall AG's Cyclically Adjusted Revenue per Share compare to SPCX and GE?
Rheinmetall AG's Cyclically Adjusted Revenue per Share of €34.70 can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good Cyclically Adjusted Revenue per Share depends on the Aerospace & Defense 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 Rheinmetall AG and its competitors. Rheinmetall AG's current Cyclically Adjusted Revenue per Share is €34.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rheinmetall AG stock overvalued right now?
Based on GuruFocus' analysis, Rheinmetall AG (HAM:RHMB) is currently considered Significantly Overvalued. The stock's GF Value™ is €160.92, compared to a current price of €220.00 — trading 36.7% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €34.70. Rheinmetall AG's overall GF Score™ is 76/100 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 Rheinmetall AG (HAM:RHMB), the current Cyclically Adjusted Revenue per Share is €34.70 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 Rheinmetall AG (HAM:RHMB) Overvalued in 2026?

Based on GuruFocus' analysis, Rheinmetall AG stock appears to be overvalued. The current stock price of €220.00 is trading 36.7% above its estimated GF Value™ of €160.92. GuruFocus considers Rheinmetall AG to be Significantly Overvalued.

Key valuation signals for HAM:RHMB:

  • Cyclically Adjusted Revenue per Share: €34.70
  • GF Value™: €160.92 vs. price of €220.00 (36.7% above fair value)
  • GF Score™: 76/100 with 2 warning signs

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


Rheinmetall AG Business Description

Address Rheinmetall Platz 1, Dusseldorf, NW, DEU, 40476
Rheinmetall is an international group active in various markets with leading technological products and services. The sales focus is on the security technology and mobility segments. Since February 2021, the group structure has been made up of five divisions—vehicle systems, weapons and ammunition, electronic solutions, sensors and actuators, and materials and trade. The vehicle systems, weapons and ammunition, and electronic solutions divisions are among the defense and security industry's leading suppliers of innovative products to German and international defense forces. The sensors and actuators, and materials and trade divisions' core area of expertise is the reduction of emissions, pollutants, and fuel consumption.
76GF Score

Get the complete analysis for HAM:RHMB

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

€220.00
Price
€160.92
GF Value