Clean Energy Fuels (HAM:WIQ) Cyclically Adjusted Revenue per Share: €2.08 (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:WIQ Clean Energy Fuels Corp HAM:WIQ
65 GF Score
Price €1.86
GF Value €2.66
! 4 Warning Signs
View Full Analysis

What is Clean Energy Fuels Cyclically Adjusted Revenue per Share?

Clean Energy Fuels HAM:WIQ -0.53% 65 Cyclically Adjusted Revenue per Share is €2.08 as of Mar. 2026. GuruFocus rates HAM:WIQ with a GF Score™ of 65/100 and a GF Value™ of €2.66. 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.

Clean Energy Fuels's adjusted revenue per share for the three months ended in Mar. 2026 was €0.463. 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 €2.08 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Clean Energy Fuels's average Cyclically Adjusted Revenue Growth Rate was -11.50% 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 -7.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -4.20% 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 Clean Energy Fuels was 0.50% per year. The lowest was -9.70% per year. And the median was -3.50% per year.

As of today (2026-07-24), Clean Energy Fuels's current stock price is €1.86. Clean Energy Fuels's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €2.08. Clean Energy Fuels's Cyclically Adjusted PS Ratio of today is 0.89.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Clean Energy Fuels was 5.06. The lowest was 0.37. And the median was 0.91.


Clean Energy Fuels  (HAM:WIQ) 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.

Clean Energy Fuels's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1.86/2.08
=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 Clean Energy Fuels was 5.06. The lowest was 0.37. And the median was 0.91.


Be Aware

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


Clean Energy Fuels Cyclically Adjusted Revenue per Share Related Terms


Clean Energy Fuels Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Clean Energy Fuels'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.

Clean Energy Fuels Cyclically Adjusted Revenue per Share Chart

Clean Energy Fuels 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 2.83 2.98 2.77 2.60 2.00

Clean Energy Fuels 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 2.43 2.09 2.08 2.00 2.08

HAM:WIQ vs SGU, FGPR, HEOL: Cyclically Adjusted Revenue per Share Comparison

For the Oil & Gas Refining & Marketing subindustry, Clean Energy Fuels'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.


Clean Energy Fuels Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Clean Energy Fuels's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Clean Energy Fuels's Cyclically Adjusted PS Ratio falls into.


HAM:WIQ
65GF Score
Clean Energy Fuels Corp HAM:WIQ
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Clean Energy Fuels 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, Clean Energy Fuels'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)
=0.463/330.2130*330.2130
=0.463

Current CPI (Mar. 2026) = 330.2130.

Clean Energy Fuels Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.860 241.018 1.178
201609 0.663 241.428 0.907
201612 0.694 241.432 0.949
201703 0.547 243.801 0.741
201706 0.479 244.955 0.646
201709 0.455 246.819 0.609
201712 0.499 246.524 0.668
201803 0.530 249.554 0.701
201806 0.371 251.989 0.486
201809 0.326 252.439 0.426
201812 0.415 251.233 0.545
201903 0.337 254.202 0.438
201906 0.313 256.143 0.404
201909 0.330 256.759 0.424
201912 0.512 256.974 0.658
202003 0.378 258.115 0.484
202006 0.265 257.797 0.339
202009 0.303 260.280 0.384
202012 0.311 260.474 0.394
202103 0.326 264.877 0.406
202106 0.002 271.696 0.002
202109 0.328 274.310 0.395
202112 0.365 278.802 0.432
202203 0.341 287.504 0.392
202206 0.413 296.311 0.460
202209 0.571 296.808 0.635
202212 0.483 296.797 0.537
202303 0.554 301.836 0.606
202306 0.375 305.109 0.406
202309 0.402 307.789 0.431
202312 0.439 306.746 0.473
202403 0.427 312.332 0.451
202406 0.408 314.175 0.429
202409 0.423 315.301 0.443
202412 0.467 315.605 0.489
202503 0.429 319.799 0.443
202506 0.404 322.561 0.414
202509 0.412 324.800 0.419
202512 0.437 324.054 0.445
202603 0.463 330.213 0.463

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 €2.08 mean?
Clean Energy Fuels (HAM:WIQ) has a Cyclically Adjusted Revenue per Share of €2.08 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 Clean Energy Fuels and its competitors.
Is Clean Energy Fuels' Cyclically Adjusted Revenue per Share too high?
Clean Energy Fuels' current Cyclically Adjusted Revenue per Share is €2.08. Overall, Clean Energy Fuels has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Clean Energy Fuels' Cyclically Adjusted Revenue per Share compare to SGU and FGPR?
Clean Energy Fuels' Cyclically Adjusted Revenue per Share of €2.08 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Cyclically Adjusted Revenue per Share depends on the Oil & Gas 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 Clean Energy Fuels and its competitors. Clean Energy Fuels's current Cyclically Adjusted Revenue per Share is €2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clean Energy Fuels stock overvalued right now?
Clean Energy Fuels (HAM:WIQ) has a current Cyclically Adjusted Revenue per Share of €2.08. The stock's GF Value™ is €2.66, compared to a current price of €1.86 — trading 30.1% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €2.08. Clean Energy Fuels' overall GF Score™ is 65/100 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 Clean Energy Fuels (HAM:WIQ), the current Cyclically Adjusted Revenue per Share is €2.08 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 Clean Energy Fuels (HAM:WIQ) Overvalued in 2026?

Based on GuruFocus' analysis, Clean Energy Fuels stock appears to be undervalued. The current stock price of €1.86 is trading 30.1% below its estimated GF Value™ of €2.66.

Key valuation signals for HAM:WIQ:

  • Cyclically Adjusted Revenue per Share: €2.08
  • GF Value™: €2.66 vs. price of €1.86 (30.1% below fair value)
  • GF Score™: 65/100 with 4 warning signs

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


Clean Energy Fuels Business Description

Industry EnergyOil & Gas
Other Exchanges CLNE:USA0I04:UKWIQ:Germany
Address 4675 MacArthur Court, Suite 800, Newport Beach, CA, USA, 92660
Clean Energy Fuels Corp is a natural gas marketer and retailer operating in the United States and Canada. The company supplies compressed natural gas and liquefied natural gas for the United States (U.S.) and Canadian transportation markets. The majority of revenue is generated within the U.S. and mostly consists of compressed natural gas. The firm operates by purchasing natural gas from local utilities; compressing, cooling, or liquefying it at company-owned plants; and selling natural gas products through company-owned or customer-owned fueling stations. It also builds, operates, and maintains natural gas fueling stations for customers.
65GF Score

Get the complete analysis for HAM:WIQ

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

€1.86
Price
€2.66
GF Value