Deva Holding AS (IST:DEVA) Cyclically Adjusted Revenue per Share: ₺41.30 (As of Mar. 2026)

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IST:DEVA Deva Holding AS IST:DEVA
66 GF Score
Price ₺72.55
GF Value ₺82.90
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Deva Holding AS Cyclically Adjusted Revenue per Share?

Deva Holding AS IST:DEVA +0.48% 66 Cyclically Adjusted Revenue per Share is ₺41.30 as of Mar. 2026. GuruFocus rates IST:DEVA with a GF Score™ of 66/100 and a GF Value™ of ₺82.90 (Modestly Undervalued). The stock has 7 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.

Deva Holding AS's adjusted revenue per share for the three months ended in Mar. 2026 was ₺29.558. 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 ₺41.30 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Deva Holding AS's average Cyclically Adjusted Revenue Growth Rate was 34.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 55.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 59.20% 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 Deva Holding AS was 71.20% per year. The lowest was 12.50% per year. And the median was 48.25% per year.

As of today (2026-08-15), Deva Holding AS's current stock price is ₺72.55. Deva Holding AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₺41.30. Deva Holding AS's Cyclically Adjusted PS Ratio of today is 1.76.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Deva Holding AS was 9.60. The lowest was 0.96. And the median was 3.18.


Deva Holding AS  (IST:DEVA) 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.

Deva Holding AS's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=72.55/41.30
=1.76

* 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 Deva Holding AS was 9.60. The lowest was 0.96. And the median was 3.18.


Be Aware

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


Deva Holding AS Cyclically Adjusted Revenue per Share Related Terms


Deva Holding AS Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Deva Holding AS'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.

Deva Holding AS Cyclically Adjusted Revenue per Share Chart

Deva Holding AS 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 5.51 9.97 17.77 27.64 37.76

Deva Holding AS 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 30.65 32.91 35.19 37.76 41.30

IST:DEVA vs ZTS, UTHR, VTRS: Cyclically Adjusted Revenue per Share Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Deva Holding AS'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.


Deva Holding AS Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Deva Holding AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Deva Holding AS's Cyclically Adjusted PS Ratio falls into.


IST:DEVA
66GF Score
Deva Holding AS IST:DEVA
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deva Holding AS 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, Deva Holding AS'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)
=29.558/330.2130*330.2130
=29.558

Current CPI (Mar. 2026) = 330.2130.

Deva Holding AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.897 241.018 1.229
201609 0.788 241.428 1.078
201612 0.863 241.432 1.180
201703 1.096 243.801 1.484
201706 1.000 244.955 1.348
201709 0.893 246.819 1.195
201712 1.013 246.524 1.357
201803 1.273 249.554 1.684
201806 1.246 251.989 1.633
201809 1.162 252.439 1.520
201812 1.581 251.233 2.078
201903 1.590 254.202 2.065
201906 1.799 256.143 2.319
201909 1.666 256.759 2.143
201912 1.803 256.974 2.317
202003 2.420 258.115 3.096
202006 2.033 257.797 2.604
202009 2.174 260.280 2.758
202012 2.706 260.474 3.431
202103 2.742 264.877 3.418
202106 2.576 271.696 3.131
202109 2.640 274.310 3.178
202112 3.704 278.802 4.387
202203 4.420 287.504 5.077
202206 5.100 296.311 5.684
202209 5.739 296.808 6.385
202212 28.287 296.797 31.472
202303 17.319 301.836 18.947
202306 16.639 305.109 18.008
202309 17.905 307.789 19.209
202312 25.285 306.746 27.219
202403 24.740 312.332 26.156
202406 19.095 314.175 20.070
202409 24.418 315.301 25.573
202412 28.068 315.605 29.367
202503 27.395 319.799 28.287
202506 20.994 322.561 21.492
202509 21.497 324.800 21.855
202512 27.453 324.054 27.975
202603 29.558 330.213 29.558

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 ₺41.30 mean?
Deva Holding AS (IST:DEVA) has a Cyclically Adjusted Revenue per Share of ₺41.30 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 Deva Holding AS and its competitors.
Is Deva Holding AS's Cyclically Adjusted Revenue per Share too high?
Deva Holding AS's current Cyclically Adjusted Revenue per Share is ₺41.30. Overall, Deva Holding AS has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Deva Holding AS's Cyclically Adjusted Revenue per Share compare to ZTS and UTHR?
Deva Holding AS's Cyclically Adjusted Revenue per Share of ₺41.30 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Cyclically Adjusted Revenue per Share depends on the Drug Manufacturers 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 Deva Holding AS and its competitors. Deva Holding AS's current Cyclically Adjusted Revenue per Share is ₺41.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deva Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Deva Holding AS (IST:DEVA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺82.90, compared to a current price of ₺72.55 — trading 12.5% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₺41.30. Deva Holding AS's overall GF Score™ is 66/100 with 7 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 Deva Holding AS (IST:DEVA), the current Cyclically Adjusted Revenue per Share is ₺41.30 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 Deva Holding AS (IST:DEVA) Overvalued in 2026?

Based on GuruFocus' analysis, Deva Holding AS stock appears to be undervalued. The current stock price of ₺72.55 is trading 12.5% below its estimated GF Value™ of ₺82.90. GuruFocus considers Deva Holding AS to be Modestly Undervalued.

Key valuation signals for IST:DEVA:

  • Cyclically Adjusted Revenue per Share: ₺41.30
  • GF Value™: ₺82.90 vs. price of ₺72.55 (12.5% below fair value)
  • GF Score™: 66/100 with 7 warning signs

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


Deva Holding AS Business Description

Address Halkali Merkez Mahallesi, Basin Ekspres Caddesi No. 1, Kucukcekmece, Istanbul, TUR
Deva Holding AS is a Turkey-based generic medicine manufacturer. It is engaged in manufacturing and marketing of medicinal products for human use and raw materials. The company also carries out the manufacturing of veterinary drugs, eau de cologne, and medical ampoules. It produces medicines for antineoplastic agents, cardiovascular system, dermatological products, nervous system, respiratory system, urogenital system, among others. It exports pharmaceuticals and pharmaceutical raw materials in countries including Switzerland, Germany, the Netherlands, the United Kingdom and others.
66GF Score

Get the complete analysis for IST:DEVA

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

₺72.55
Price
₺82.90
GF Value