HTOCF (H2O Retailing) Cyclically Adjusted Revenue per Share: $28.54 (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.

HTOCF H2O Retailing Corp HTOCF
69 GF Score
Price $10.00
GF Value $7.44
! 5 Warning Signs
View Full Analysis

What is H2O Retailing Cyclically Adjusted Revenue per Share?

H2O Retailing HTOCF 69 Cyclically Adjusted Revenue per Share is $28.54 as of Mar. 2026. GuruFocus rates HTOCF with a GF Score™ of 69/100 and a GF Value™ of $7.44. The stock has 5 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.

H2O Retailing's adjusted revenue per share for the three months ended in Mar. 2026 was $8.718. 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 $28.54 for the trailing ten years ended in Mar. 2026.

During the past 12 months, H2O Retailing's average Cyclically Adjusted Revenue Growth Rate was -2.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -0.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 0.50% 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 H2O Retailing was 3.50% per year. The lowest was -0.20% per year. And the median was 1.25% per year.

As of today (2026-07-18), H2O Retailing's current stock price is $10.00. H2O Retailing's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $28.54. H2O Retailing's Cyclically Adjusted PS Ratio of today is 0.35.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of H2O Retailing was 0.42. The lowest was 0.09. And the median was 0.23.


H2O Retailing  (OTCPK:HTOCF) 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.

H2O Retailing's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=10.00/28.54
=0.35

* 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 H2O Retailing was 0.42. The lowest was 0.09. And the median was 0.23.


Be Aware

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


H2O Retailing Cyclically Adjusted Revenue per Share Related Terms


H2O Retailing Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for H2O Retailing'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.

H2O Retailing Cyclically Adjusted Revenue per Share Chart

H2O Retailing 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 30.90 28.54

H2O Retailing 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 30.90 36.78 31.84 33.57 28.54

HTOCF vs KR: Cyclically Adjusted Revenue per Share Comparison

For the Grocery Stores subindustry, H2O Retailing'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.


H2O Retailing Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, H2O Retailing's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where H2O Retailing's Cyclically Adjusted PS Ratio falls into.


HTOCF
69GF Score
H2O Retailing Corp HTOCF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

H2O Retailing 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, H2O Retailing'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)
=8.718/112.7000*112.7000
=8.718

Current CPI (Mar. 2026) = 112.7000.

H2O Retailing Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 16.381 98.100 18.819
201609 17.389 98.000 19.997
201612 17.169 98.400 19.664
201703 15.755 98.100 18.100
201706 15.425 98.500 17.649
201709 15.976 98.800 18.224
201712 18.335 99.400 20.788
201803 17.676 99.200 20.082
201806 16.025 99.200 18.206
201809 16.210 99.900 18.287
201812 18.303 99.700 20.690
201903 16.376 99.700 18.511
201906 16.160 99.800 18.249
201909 17.449 100.100 19.645
201912 17.921 100.500 20.096
202003 15.273 100.300 17.161
202006 10.968 99.900 12.373
202009 14.527 99.900 16.388
202012 16.823 99.300 19.093
202103 13.951 99.900 15.739
202106 8.336 99.500 9.442
202109 8.942 100.100 10.068
202112 9.464 100.100 10.655
202203 9.971 101.100 11.115
202206 8.991 101.800 9.954
202209 8.712 103.100 9.523
202212 10.522 104.100 11.391
202303 9.731 104.400 10.505
202306 9.383 105.200 10.052
202309 9.522 106.200 10.105
202312 10.568 106.800 11.152
202403 9.266 107.200 9.741
202406 9.273 108.200 9.659
202409 10.110 108.900 10.463
202412 9.999 110.700 10.180
202503 9.292 111.100 9.426
202506 9.277 111.700 9.360
202509 9.482 112.000 9.541
202512 9.802 113.000 9.776
202603 8.718 112.700 8.718

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 $28.54 mean?
H2O Retailing (HTOCF) has a Cyclically Adjusted Revenue per Share of $28.54 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 H2O Retailing and its competitors.
Is H2O Retailing's Cyclically Adjusted Revenue per Share too high?
H2O Retailing's current Cyclically Adjusted Revenue per Share is $28.54. Overall, H2O Retailing has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does H2O Retailing's Cyclically Adjusted Revenue per Share compare to KR?
H2O Retailing's Cyclically Adjusted Revenue per Share of $28.54 can be compared against companies in the Retail - Defensive 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 a Retail - Defensive company?
A good Cyclically Adjusted Revenue per Share depends on the Retail - Defensive 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 H2O Retailing and its competitors. H2O Retailing's current Cyclically Adjusted Revenue per Share is $28.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H2O Retailing stock overvalued right now?
H2O Retailing (HTOCF) has a current Cyclically Adjusted Revenue per Share of $28.54. The stock's GF Value™ is $7.44, compared to a current price of $10.00 — trading 34.4% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is $28.54. H2O Retailing's overall GF Score™ is 69/100 with 5 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 H2O Retailing (HTOCF), the current Cyclically Adjusted Revenue per Share is $28.54 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 H2O Retailing (HTOCF) Overvalued in 2026?

Based on GuruFocus' analysis, H2O Retailing stock appears to be overvalued. The current stock price of $10.00 is trading 34.4% above its estimated GF Value™ of $7.44.

Key valuation signals for HTOCF:

  • Cyclically Adjusted Revenue per Share: $28.54
  • GF Value™: $7.44 vs. price of $10.00 (34.4% above fair value)
  • GF Score™: 69/100 with 5 warning signs

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


H2O Retailing Business Description

Other Exchanges 8242:Japan
Address 8-7 Kakuda-cho, Kita-ku, Osaka, JPN, 530-8350
H2O Retailing Corp is a Japan-based retailer that provides a broad range of merchandise to meet consumers' needs, from daily needs to special products. The company's core business is the department store business, which includes both the Hankyu and Hanshin department store chains. Superstore business is the company's another major business arm, including the Izumiya and Hankyu Oasis store chains. H2O Retailing also runs a specialty store business, engaged in providing cosmetics, ladies' footwear, and other products and services. In addition to retail businesses, the company operates other businesses as well, such as hotels and restaurants.
69GF Score

Get the complete analysis for HTOCF

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

$10.00
Price
$7.44
GF Value