HGHAF (High Arctic Energy Services) Cyclically Adjusted Revenue per Share: $6.96 (As of Jun. 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.

HGHAF High Arctic Energy Services Inc HGHAF
35 GF Score
Price $0.70
GF Value $0.88
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is High Arctic Energy Services Cyclically Adjusted Revenue per Share?

High Arctic Energy Services HGHAF 35 Cyclically Adjusted Revenue per Share is $6.96 as of Jun. 2026. GuruFocus rates HGHAF with a GF Score™ of 35/100 and a GF Value™ of $0.88 (Modestly Undervalued). The stock has 3 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.

High Arctic Energy Services's adjusted revenue per share for the three months ended in Jun. 2026 was $0.165. 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 $6.96 for the trailing ten years ended in Jun. 2026.

During the past 12 months, High Arctic Energy Services's average Cyclically Adjusted Revenue Growth Rate was -14.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -10.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -6.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -11.90% 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 High Arctic Energy Services was -2.10% per year. The lowest was -21.90% per year. And the median was -10.60% per year.

As of today (2026-09-02), High Arctic Energy Services's current stock price is $0.70. High Arctic Energy Services's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $6.96. High Arctic Energy Services's Cyclically Adjusted PS Ratio of today is 0.10.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of High Arctic Energy Services was 0.78. The lowest was 0.07. And the median was 0.36.


High Arctic Energy Services  (OTCPK:HGHAF) 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.

High Arctic Energy Services's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.70/6.96
=0.10

* 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 High Arctic Energy Services was 0.78. The lowest was 0.07. And the median was 0.36.


Be Aware

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


High Arctic Energy Services Cyclically Adjusted Revenue per Share Related Terms


High Arctic Energy Services Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for High Arctic Energy Services'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.

High Arctic Energy Services Cyclically Adjusted Revenue per Share Chart

High Arctic Energy Services 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 10.94 10.38 9.86 8.35 7.43

High Arctic Energy Services Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 7.86 8.01 7.43 7.56 6.96

HGHAF vs SLB, BKR, HAL: Cyclically Adjusted Revenue per Share Comparison

For the Oil & Gas Equipment & Services subindustry, High Arctic Energy Services'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.


High Arctic Energy Services Cyclically Adjusted PS Ratio vs Oil & Gas Industry

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

* The bar in red indicates where High Arctic Energy Services's Cyclically Adjusted PS Ratio falls into.


HGHAF
35GF Score
High Arctic Energy Services Inc HGHAF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

High Arctic Energy Services 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, High Arctic Energy Services's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.165/133.5265*133.5265
=0.165

Current CPI (Jun. 2026) = 133.5265.

High Arctic Energy Services Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.713 101.765 3.560
201612 3.512 101.449 4.622
201703 3.606 102.634 4.691
201706 2.870 103.029 3.720
201709 2.612 103.345 3.375
201712 2.945 103.345 3.805
201803 3.094 105.004 3.934
201806 2.709 105.557 3.427
201809 3.352 105.636 4.237
201812 2.878 105.399 3.646
201903 2.716 106.979 3.390
201906 2.787 107.690 3.456
201909 2.992 107.611 3.713
201912 2.620 107.769 3.246
202003 2.287 107.927 2.829
202006 0.958 108.401 1.180
202009 1.128 108.164 1.392
202012 1.056 108.559 1.299
202103 1.159 110.298 1.403
202106 1.098 111.720 1.312
202109 1.207 112.905 1.427
202112 1.516 113.774 1.779
202203 1.861 117.646 2.112
202206 1.604 120.806 1.773
202209 0.735 120.648 0.813
202212 0.731 120.964 0.807
202303 0.527 122.702 0.573
202306 0.039 124.203 0.042
202309 0.059 125.230 0.063
202312 0.061 125.072 0.065
202403 0.175 126.258 0.185
202406 0.147 127.522 0.154
202409 0.149 127.285 0.156
202412 0.138 127.364 0.145
202503 0.130 129.181 0.134
202506 0.138 129.892 0.142
202509 0.167 130.287 0.171
202512 0.170 130.366 0.174
202603 0.157 132.262 0.159
202606 0.165 133.527 0.165

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 $6.96 mean?
High Arctic Energy Services (HGHAF) has a Cyclically Adjusted Revenue per Share of $6.96 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on High Arctic Energy Services and its competitors.
Is High Arctic Energy Services' Cyclically Adjusted Revenue per Share too high?
High Arctic Energy Services' current Cyclically Adjusted Revenue per Share is $6.96. Overall, High Arctic Energy Services has a GF Score™ of 35/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does High Arctic Energy Services' Cyclically Adjusted Revenue per Share compare to SLB and BKR?
High Arctic Energy Services' Cyclically Adjusted Revenue per Share of $6.96 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 High Arctic Energy Services and its competitors. High Arctic Energy Services's current Cyclically Adjusted Revenue per Share is $6.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is High Arctic Energy Services stock overvalued right now?
Based on GuruFocus' analysis, High Arctic Energy Services (HGHAF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.88, compared to a current price of $0.70 — trading 20.5% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is $6.96. High Arctic Energy Services' overall GF Score™ is 35/100 with 3 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 High Arctic Energy Services (HGHAF), the current Cyclically Adjusted Revenue per Share is $6.96 as of Jun. 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 High Arctic Energy Services (HGHAF) Overvalued in 2026?

Based on GuruFocus' analysis, High Arctic Energy Services stock appears to be undervalued. The current stock price of $0.70 is trading 20.5% below its estimated GF Value™ of $0.88. GuruFocus considers High Arctic Energy Services to be Modestly Undervalued.

Key valuation signals for HGHAF:

  • Cyclically Adjusted Revenue per Share: $6.96
  • GF Value™: $0.88 vs. price of $0.70 (20.5% below fair value)
  • GF Score™: 35/100 with 3 warning signs

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


High Arctic Energy Services Business Description

Industry EnergyOil & Gas
Other Exchanges HWO:Canada
Address Calgary Place I, 330 -5th Avenue SW, Suite 2350, Calgary, AB, CAN, T2P 0L4
High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are the Drilling Services segment, which consists of drilling services; the Production Services segment, which consists of well servicing and snubbing services and the Rental Services segment consists of High Arctic's oilfield rental equipment of pressure control and other oilfield equipment to exploration and production companies in Canada. The Rental Services segment generates the majority company's revenue.
35GF Score

Get the complete analysis for HGHAF

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

$0.70
Price
$0.88
GF Value