REN-Redes Energeticas Nacionais Sgps (HAM:RN4) Cyclically Adjusted Revenue per Share: €1.43 (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:RN4 REN-Redes Energeticas Nacionais Sgps SA HAM:RN4
84 GF Score
Price €3.64
GF Value €3.03
Valuation Modestly Overvalued
! 11 Warning Signs
View Full Analysis

What is REN-Redes Energeticas Nacionais Sgps Cyclically Adjusted Revenue per Share?

REN-Redes Energeticas Nacionais Sgps HAM:RN4 -0.55% 84 Cyclically Adjusted Revenue per Share is €1.43 as of Mar. 2026. GuruFocus rates HAM:RN4 with a GF Score™ of 84/100 and a GF Value™ of €3.03 (Modestly Overvalued). The stock has 11 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.

REN-Redes Energeticas Nacionais Sgps's adjusted revenue per share for the three months ended in Mar. 2026 was €0.327. 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 €1.43 for the trailing ten years ended in Mar. 2026.

During the past 12 months, REN-Redes Energeticas Nacionais Sgps's average Cyclically Adjusted Revenue Growth Rate was 2.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.20% 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 REN-Redes Energeticas Nacionais Sgps was 2.80% per year. The lowest was -4.60% per year. And the median was 0.40% per year.

As of today (2026-07-17), REN-Redes Energeticas Nacionais Sgps's current stock price is €3.635. REN-Redes Energeticas Nacionais Sgps's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €1.43. REN-Redes Energeticas Nacionais Sgps's Cyclically Adjusted PS Ratio of today is 2.54.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of REN-Redes Energeticas Nacionais Sgps was 2.76. The lowest was 1.47. And the median was 1.83.


REN-Redes Energeticas Nacionais Sgps  (HAM:RN4) 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.

REN-Redes Energeticas Nacionais Sgps's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=3.635/1.43
=2.54

* 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 REN-Redes Energeticas Nacionais Sgps was 2.76. The lowest was 1.47. And the median was 1.83.


Be Aware

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


REN-Redes Energeticas Nacionais Sgps Cyclically Adjusted Revenue per Share Related Terms


REN-Redes Energeticas Nacionais Sgps Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for REN-Redes Energeticas Nacionais Sgps'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.

REN-Redes Energeticas Nacionais Sgps Cyclically Adjusted Revenue per Share Chart

REN-Redes Energeticas Nacionais Sgps 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 1.40

REN-Redes Energeticas Nacionais Sgps 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 1.40 1.43

HAM:RN4 vs SRE, AES: Cyclically Adjusted Revenue per Share Comparison

For the Utilities - Diversified subindustry, REN-Redes Energeticas Nacionais Sgps'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.


REN-Redes Energeticas Nacionais Sgps Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, REN-Redes Energeticas Nacionais Sgps's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where REN-Redes Energeticas Nacionais Sgps's Cyclically Adjusted PS Ratio falls into.


HAM:RN4
84GF Score
REN-Redes Energeticas Nacionais Sgps SA HAM:RN4
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

REN-Redes Energeticas Nacionais Sgps 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, REN-Redes Energeticas Nacionais Sgps'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)
=0.327/125.9400*125.9400
=0.327

Current CPI (Mar. 2026) = 125.9400.

REN-Redes Energeticas Nacionais Sgps Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.265 101.319 0.329
201609 0.319 101.122 0.397
201612 0.417 100.998 0.520
201703 0.266 101.924 0.329
201706 0.286 102.240 0.352
201709 0.340 102.527 0.418
201712 0.230 102.479 0.283
201803 0.233 102.626 0.286
201806 0.253 103.790 0.307
201809 0.265 103.960 0.321
201812 0.285 103.159 0.348
201903 0.228 103.495 0.277
201906 0.277 104.192 0.335
201909 0.283 103.844 0.343
201912 0.324 103.592 0.394
202003 0.240 103.544 0.292
202006 0.243 104.323 0.293
202009 0.235 103.699 0.285
202012 0.316 103.354 0.385
202103 0.246 104.014 0.298
202106 0.260 104.852 0.312
202109 0.279 105.232 0.334
202112 0.369 106.191 0.438
202203 0.245 109.559 0.282
202206 0.288 114.003 0.318
202209 0.292 114.999 0.320
202212 0.376 116.377 0.407
202303 0.298 117.701 0.319
202306 0.370 117.872 0.395
202309 0.341 119.111 0.361
202312 0.459 118.032 0.490
202403 0.289 120.396 0.302
202406 0.372 121.165 0.387
202409 0.337 121.574 0.349
202412 0.447 121.585 0.463
202503 0.330 122.624 0.339
202506 0.379 124.042 0.385
202509 0.419 124.490 0.424
202512 0.461 124.240 0.467
202603 0.327 125.940 0.327

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 €1.43 mean?
REN-Redes Energeticas Nacionais Sgps (HAM:RN4) has a Cyclically Adjusted Revenue per Share of €1.43 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 REN-Redes Energeticas Nacionais Sgps and its competitors.
Is REN-Redes Energeticas Nacionais Sgps' Cyclically Adjusted Revenue per Share too high?
REN-Redes Energeticas Nacionais Sgps' current Cyclically Adjusted Revenue per Share is €1.43. Overall, REN-Redes Energeticas Nacionais Sgps has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does REN-Redes Energeticas Nacionais Sgps' Cyclically Adjusted Revenue per Share compare to SRE and AES?
REN-Redes Energeticas Nacionais Sgps' Cyclically Adjusted Revenue per Share of €1.43 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Cyclically Adjusted Revenue per Share depends on the Utilities - Regulated 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 REN-Redes Energeticas Nacionais Sgps and its competitors. REN-Redes Energeticas Nacionais Sgps's current Cyclically Adjusted Revenue per Share is €1.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is REN-Redes Energeticas Nacionais Sgps stock overvalued right now?
Based on GuruFocus' analysis, REN-Redes Energeticas Nacionais Sgps (HAM:RN4) is currently considered Modestly Overvalued. The stock's GF Value™ is €3.03, compared to a current price of €3.64 — trading 20% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €1.43. REN-Redes Energeticas Nacionais Sgps' overall GF Score™ is 84/100 with 11 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 REN-Redes Energeticas Nacionais Sgps (HAM:RN4), the current Cyclically Adjusted Revenue per Share is €1.43 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 REN-Redes Energeticas Nacionais Sgps (HAM:RN4) Overvalued in 2026?

Based on GuruFocus' analysis, REN-Redes Energeticas Nacionais Sgps stock appears to be overvalued. The current stock price of €3.64 is trading 20% above its estimated GF Value™ of €3.03. GuruFocus considers REN-Redes Energeticas Nacionais Sgps to be Modestly Overvalued.

Key valuation signals for HAM:RN4:

  • Cyclically Adjusted Revenue per Share: €1.43
  • GF Value™: €3.03 vs. price of €3.64 (20% above fair value)
  • GF Score™: 84/100 with 11 warning signs

No single metric tells the full story. See the HAM:RN4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


REN-Redes Energeticas Nacionais Sgps Business Description

Address Avenida Estados Unidos da America, 55, Lisbon, PRT, 1749-061
REN-Redes Energeticas Nacionais Sgps SA is an energy and utility company that operates as the primary concession holder for electricity transmission and natural gas transportation in Portugal. It manages the national high-voltage electricity grid, high-pressure natural gas pipelines, LNG terminal, and underground storage, focusing on energy transition, sustainability, and security of supply. The Group presently has two main business segments, Electricity and Gas, and a secondary business of Telecommunications.
84GF Score

Get the complete analysis for HAM:RN4

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

€3.64
Price
€3.03
GF Value