XTB (LTS:0RGR) Cyclically Adjusted Revenue per Share: zł9.95 (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.

LTS:0RGR XTB SA LTS:0RGR
92 GF Score
Price zł172.36
GF Value zł108.01
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is XTB Cyclically Adjusted Revenue per Share?

XTB LTS:0RGR 92 Cyclically Adjusted Revenue per Share is zł9.95 as of Mar. 2026. GuruFocus rates LTS:0RGR with a GF Score™ of 92/100 and a GF Value™ of zł108.01 (Significantly Overvalued). The stock has 8 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.

XTB's adjusted revenue per share for the three months ended in Mar. 2026 was zł9.286. 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 zł9.95 for the trailing ten years ended in Mar. 2026.

During the past 12 months, XTB's average Cyclically Adjusted Revenue Growth Rate was 26.30% 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 (2026-08-28), XTB's current stock price is zł172.3634. XTB's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was zł9.95. XTB's Cyclically Adjusted PS Ratio of today is 17.32.

During the past 11 years, the highest Cyclically Adjusted PS Ratio of XTB was 16.54. The lowest was 7.38. And the median was 8.89.


XTB  (LTS:0RGR) 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.

XTB's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=172.3634/9.95
=17.32

* 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 11 years, the highest Cyclically Adjusted PS Ratio of XTB was 16.54. The lowest was 7.38. And the median was 8.89.


Be Aware

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


XTB Cyclically Adjusted Revenue per Share Related Terms


XTB Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for XTB'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.

XTB Cyclically Adjusted Revenue per Share Chart

XTB 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 0.00 0.00 0.00 7.57 9.18

XTB 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 8.26 9.15 9.15 9.18 9.95

LTS:0RGR vs MS, GS, SCHW: Cyclically Adjusted Revenue per Share Comparison

For the Capital Markets subindustry, XTB'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.


XTB Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, XTB's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


LTS:0RGR
92GF Score
XTB SA LTS:0RGR
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

XTB 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, XTB'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)
=9.286/163.0700*163.0700
=9.286

Current CPI (Mar. 2026) = 163.0700.

XTB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.274 99.552 0.449
201609 0.380 99.064 0.626
201612 0.820 100.366 1.332
201703 0.500 101.018 0.807
201706 0.592 101.180 0.954
201709 0.630 101.343 1.014
201712 0.658 102.564 1.046
201803 0.973 102.564 1.547
201806 0.720 103.378 1.136
201809 0.408 103.378 0.644
201812 0.366 103.785 0.575
201903 0.351 104.274 0.549
201906 0.327 105.983 0.503
201909 0.522 105.983 0.803
201912 0.756 107.123 1.151
202003 2.617 109.076 3.912
202006 1.800 109.402 2.683
202009 1.202 109.320 1.793
202012 1.207 109.565 1.796
202103 1.611 112.658 2.332
202106 0.480 113.960 0.687
202109 1.743 115.588 2.459
202112 1.605 119.088 2.198
202203 3.815 125.031 4.976
202206 3.389 131.705 4.196
202209 3.421 135.531 4.116
202212 1.932 139.113 2.265
202303 4.629 145.950 5.172
202306 2.455 147.009 2.723
202309 2.467 146.113 2.753
202312 4.272 147.741 4.715
202403 4.718 149.044 5.162
202406 3.110 150.997 3.359
202409 3.974 153.439 4.223
202412 3.960 154.660 4.175
202503 4.882 157.021 5.070
202506 4.797 157.509 4.966
202509 3.128 158.000 3.228
202512 5.098 158.320 5.251
202603 9.286 163.070 9.286

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 zł9.95 mean?
XTB (LTS:0RGR) has a Cyclically Adjusted Revenue per Share of zł9.95 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 XTB and its competitors.
Is XTB's Cyclically Adjusted Revenue per Share too high?
XTB's current Cyclically Adjusted Revenue per Share is zł9.95. Overall, XTB has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does XTB's Cyclically Adjusted Revenue per Share compare to MS and GS?
XTB's Cyclically Adjusted Revenue per Share of zł9.95 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Cyclically Adjusted Revenue per Share depends on the Capital Markets 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 XTB and its competitors. XTB's current Cyclically Adjusted Revenue per Share is zł9.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XTB stock overvalued right now?
Based on GuruFocus' analysis, XTB (LTS:0RGR) is currently considered Significantly Overvalued. The stock's GF Value™ is zł108.01, compared to a current price of zł172.36 — trading 59.6% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is zł9.95. XTB's overall GF Score™ is 92/100 with 8 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 XTB (LTS:0RGR), the current Cyclically Adjusted Revenue per Share is zł9.95 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 XTB (LTS:0RGR) Overvalued in 2026?

Based on GuruFocus' analysis, XTB stock appears to be overvalued. The current stock price of zł172.36 is trading 59.6% above its estimated GF Value™ of zł108.01. GuruFocus considers XTB to be Significantly Overvalued.

Key valuation signals for LTS:0RGR:

  • Cyclically Adjusted Revenue per Share: zł9.95
  • GF Value™: zł108.01 vs. price of zł172.36 (59.6% above fair value)
  • GF Score™: 92/100 with 8 warning signs

No single metric tells the full story. See the LTS:0RGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


XTB Business Description

Other Exchanges XTB:Poland9PR:Germany
Address Prosta street 67, Warsaw, POL, 00-838
XTB SA is engaged in brokerage activities business. It is a Polish broker from the fin-tech sector, providing products and services dedicated to active investing, saving, and virtual payment management. The group conducts its operations through two business segments; the Retail segment includes the provision of trading in financial instruments for individual customers; the Institutional segment includes the provision of trading in financial instruments and offering trade infrastructure to entities (institutions), which in turn provide services of trading in financial instruments for their customers under their brand. It derives a majority of its revenue from the Retail segment.
92GF Score

Get the complete analysis for LTS:0RGR

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

zł172.36
Price
zł108.01
GF Value