IWVTF (Intelligent Wave) Cyclically Adjusted Revenue per Share: $3.14 (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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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.

IWVTF Intelligent Wave Inc IWVTF
70 GF Score
Price $5.80
GF Value $7.53
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Intelligent Wave Cyclically Adjusted Revenue per Share?

Intelligent Wave IWVTF 70 Cyclically Adjusted Revenue per Share is $3.14 as of Dec. 2025. GuruFocus rates IWVTF with a GF Score™ of 70/100 and a GF Value™ of $7.53 (Modestly Undervalued). The stock has 2 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.

Intelligent Wave's adjusted revenue per share for the three months ended in Dec. 2025 was $1.128. 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 $3.14 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Intelligent Wave's average Cyclically Adjusted Revenue Growth Rate was 10.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.90% 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 Intelligent Wave was 10.70% per year. The lowest was 7.40% per year. And the median was 9.30% per year.

As of today (2026-07-18), Intelligent Wave's current stock price is $5.80. Intelligent Wave's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was $3.14. Intelligent Wave's Cyclically Adjusted PS Ratio of today is 1.85.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Intelligent Wave was 3.85. The lowest was 1.44. And the median was 2.29.


Intelligent Wave  (OTCPK:IWVTF) 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.

Intelligent Wave's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=5.80/3.14
=1.85

* 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 Intelligent Wave was 3.85. The lowest was 1.44. And the median was 2.29.


Be Aware

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


Intelligent Wave Cyclically Adjusted Revenue per Share Related Terms


Intelligent Wave Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Intelligent Wave'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.

Intelligent Wave Cyclically Adjusted Revenue per Share Chart

Intelligent Wave Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted Revenue per Share
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Intelligent Wave 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 3.14 0.00

IWVTF vs MSFT, ORCL, PLTR: Cyclically Adjusted Revenue per Share Comparison

For the Software - Infrastructure subindustry, Intelligent Wave'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.


Intelligent Wave Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Intelligent Wave's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


IWVTF
70GF Score
Intelligent Wave Inc IWVTF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Intelligent Wave 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, Intelligent Wave's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=1.128/113.0000*113.0000
=1.128

Current CPI (Dec. 2025) = 113.0000.

Intelligent Wave Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.636 97.900 0.734
201606 0.835 98.100 0.962
201609 0.617 98.000 0.711
201612 0.700 98.400 0.804
201703 0.761 98.100 0.877
201706 0.826 98.500 0.948
201709 0.796 98.800 0.910
201712 0.801 99.400 0.911
201803 1.124 99.200 1.280
201806 0.958 99.200 1.091
201809 0.792 99.900 0.896
201812 0.915 99.700 1.037
201903 0.906 99.700 1.027
201906 0.969 99.800 1.097
201909 0.855 100.100 0.965
201912 0.892 100.500 1.003
202003 1.002 100.300 1.129
202006 1.101 99.900 1.245
202009 0.828 99.900 0.937
202012 1.080 99.300 1.229
202103 0.986 99.900 1.115
202106 1.078 99.500 1.224
202109 0.778 100.100 0.878
202112 0.881 100.100 0.995
202203 0.945 101.100 1.056
202206 1.039 101.800 1.153
202209 0.968 103.100 1.061
202212 0.886 104.100 0.962
202303 0.884 104.400 0.957
202306 0.936 105.200 1.005
202309 0.813 106.200 0.865
202312 1.003 106.800 1.061
202403 0.970 107.200 1.022
202406 0.911 108.200 0.951
202409 0.946 108.900 0.982
202412 0.993 110.700 1.014
202503 1.023 111.100 1.040
202506 1.075 111.700 1.088
202509 0.967 112.000 0.976
202512 1.128 113.000 1.128

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 $3.14 mean?
Intelligent Wave (IWVTF) has a Cyclically Adjusted Revenue per Share of $3.14 as of Dec. 2025. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Intelligent Wave and its competitors.
Is Intelligent Wave's Cyclically Adjusted Revenue per Share too high?
Intelligent Wave's current Cyclically Adjusted Revenue per Share is $3.14. Overall, Intelligent Wave has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Intelligent Wave's Cyclically Adjusted Revenue per Share compare to MSFT and ORCL?
Intelligent Wave's Cyclically Adjusted Revenue per Share of $3.14 can be compared against companies in the Software 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 Software company?
A good Cyclically Adjusted Revenue per Share depends on the Software 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 Intelligent Wave and its competitors. Intelligent Wave's current Cyclically Adjusted Revenue per Share is $3.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intelligent Wave stock overvalued right now?
Based on GuruFocus' analysis, Intelligent Wave (IWVTF) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.53, compared to a current price of $5.80 — trading 23% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is $3.14. Intelligent Wave's overall GF Score™ is 70/100 with 2 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 Intelligent Wave (IWVTF), the current Cyclically Adjusted Revenue per Share is $3.14 as of Dec. 2025. 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 Intelligent Wave (IWVTF) Overvalued in 2026?

Based on GuruFocus' analysis, Intelligent Wave stock appears to be undervalued. The current stock price of $5.80 is trading 23% below its estimated GF Value™ of $7.53. GuruFocus considers Intelligent Wave to be Modestly Undervalued.

Key valuation signals for IWVTF:

  • Cyclically Adjusted Revenue per Share: $3.14
  • GF Value™: $7.53 vs. price of $5.80 (23% below fair value)
  • GF Score™: 70/100 with 2 warning signs

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


Intelligent Wave Business Description

Other Exchanges 4847:Japan
Address -21-2, Shinkawa, Chuo-ku, Kayabacho Tower, Tokyo, JPN, 104-0033
Intelligent Wave Inc is engaged in sales of system development services and system products, including hardware and software. It operates in two business segments including the Financial Systems Solutions business, and the Product Solutions business. In the Financial Systems Solutions business, it offers value-added system development, through software and hardware integration, and maintenance services for customers operating primarily in the financial services industry. In the Product Solutions business, it deploys and maintains high value-added systems for data security and other solutions based on the in-house developed product as well as system software procured from third parties for customers operating in a range of industries and fields.
70GF Score

Get the complete analysis for IWVTF

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

$5.80
Price
$7.53
GF Value