Ghani Glass (KAR:GHGL) Cyclically Adjusted Revenue per Share: ₨34.59 (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.

KAR:GHGL Ghani Glass Ltd KAR:GHGL
84 GF Score
Price ₨37.69
GF Value ₨32.63
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Ghani Glass Cyclically Adjusted Revenue per Share?

Ghani Glass KAR:GHGL +0.48% 84 Cyclically Adjusted Revenue per Share is ₨34.59 as of Mar. 2026. GuruFocus rates KAR:GHGL with a GF Score™ of 84/100 and a GF Value™ of ₨32.63 (Modestly Overvalued). The stock has 1 warning sign 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.

Ghani Glass's adjusted revenue per share for the three months ended in Mar. 2026 was ₨12.683. 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 ₨34.59 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ghani Glass's average Cyclically Adjusted Revenue Growth Rate was 12.50% 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.

As of today (2026-07-26), Ghani Glass's current stock price is ₨37.69. Ghani Glass's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₨34.59. Ghani Glass's Cyclically Adjusted PS Ratio of today is 1.09.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ghani Glass was 1.55. The lowest was 0.83. And the median was 1.07.


Ghani Glass  (KAR:GHGL) 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.

Ghani Glass's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=37.69/34.59
=1.09

* 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 Ghani Glass was 1.55. The lowest was 0.83. And the median was 1.07.


Be Aware

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


Ghani Glass Cyclically Adjusted Revenue per Share Related Terms


Ghani Glass Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Ghani Glass'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.

Ghani Glass Cyclically Adjusted Revenue per Share Chart

Ghani Glass Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 24.50 28.29 31.70

Ghani Glass 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 30.74 31.70 32.52 33.19 34.59

KAR:GHGL vs SW, PKG, IP: Cyclically Adjusted Revenue per Share Comparison

For the Packaging & Containers subindustry, Ghani Glass'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.


Ghani Glass Cyclically Adjusted PS Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ghani Glass's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


KAR:GHGL
84GF Score
Ghani Glass Ltd KAR:GHGL
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ghani Glass 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, Ghani Glass'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)
=12.683/330.2130*330.2130
=12.683

Current CPI (Mar. 2026) = 330.2130.

Ghani Glass Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.828 241.018 5.245
201609 2.724 241.428 3.726
201612 3.790 241.432 5.184
201703 4.100 243.801 5.553
201706 6.317 244.955 8.516
201709 4.655 246.819 6.228
201712 5.032 246.524 6.740
201803 4.737 249.554 6.268
201806 4.156 251.989 5.446
201809 3.237 252.439 4.234
201812 6.478 251.233 8.514
201903 5.020 254.202 6.521
201906 5.865 256.143 7.561
201909 4.610 256.759 5.929
201912 5.114 256.974 6.572
202003 5.397 258.115 6.905
202006 3.949 257.797 5.058
202009 4.495 260.280 5.703
202012 6.517 260.474 8.262
202103 6.235 264.877 7.773
202106 4.479 271.696 5.444
202109 5.534 274.310 6.662
202112 8.410 278.802 9.961
202203 8.035 287.504 9.229
202206 8.862 296.311 9.876
202209 7.927 296.808 8.819
202212 11.460 296.797 12.750
202303 12.735 301.836 13.932
202306 8.922 305.109 9.656
202309 11.823 307.789 12.684
202312 12.626 306.746 13.592
202403 11.450 312.332 12.106
202406 11.812 314.175 12.415
202409 9.076 315.301 9.505
202412 12.875 315.605 13.471
202503 11.533 319.799 11.909
202506 12.296 322.561 12.588
202509 9.995 324.800 10.162
202512 12.319 324.054 12.553
202603 12.683 330.213 12.683

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 ₨34.59 mean?
Ghani Glass (KAR:GHGL) has a Cyclically Adjusted Revenue per Share of ₨34.59 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 Ghani Glass and its competitors.
Is Ghani Glass' Cyclically Adjusted Revenue per Share too high?
Ghani Glass' current Cyclically Adjusted Revenue per Share is ₨34.59. Overall, Ghani Glass has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ghani Glass' Cyclically Adjusted Revenue per Share compare to SW and PKG?
Ghani Glass' Cyclically Adjusted Revenue per Share of ₨34.59 can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good Cyclically Adjusted Revenue per Share depends on the Packaging & Containers 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 Ghani Glass and its competitors. Ghani Glass's current Cyclically Adjusted Revenue per Share is ₨34.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ghani Glass stock overvalued right now?
Based on GuruFocus' analysis, Ghani Glass (KAR:GHGL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨32.63, compared to a current price of ₨37.69 — trading 15.5% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₨34.59. Ghani Glass' overall GF Score™ is 84/100 with 1 warning sign 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 Ghani Glass (KAR:GHGL), the current Cyclically Adjusted Revenue per Share is ₨34.59 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 Ghani Glass (KAR:GHGL) Overvalued in 2026?

Based on GuruFocus' analysis, Ghani Glass stock appears to be overvalued. The current stock price of ₨37.69 is trading 15.5% above its estimated GF Value™ of ₨32.63. GuruFocus considers Ghani Glass to be Modestly Overvalued.

Key valuation signals for KAR:GHGL:

  • Cyclically Adjusted Revenue per Share: ₨34.59
  • GF Value™: ₨32.63 vs. price of ₨37.69 (15.5% above fair value)
  • GF Score™: 84/100 with 1 warning sign

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


Ghani Glass Business Description

Address 40-L Model Town Extension, Ghani Complex, Lahore, PB, PAK
Ghani Glass Ltd is involved in manufacturing and selling float and container glass products in Pakistan. The company offers clear, green, brown, reflective, blue, grey, and figured glass products. It also provides amber and clear pharmaceutical glass containers, flint and green beverages glass containers, and clear food glass containers. Geographically, it derives a majority of its revenue from Pakistan.
84GF Score

Get the complete analysis for KAR:GHGL

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

₨37.69
Price
₨32.63
GF Value