ITC (LUX:ITC) Cyclically Adjusted Revenue per Share: $1.11 (As of Mar. 2026)


LUX:ITC ITC Ltd LUX:ITC
84 GF Score
Price $5.50
GF Value $9.06
! 1 Warning Sign
View Full Analysis

What is ITC Cyclically Adjusted Revenue per Share?

ITC LUX:ITC 84 Cyclically Adjusted Revenue per Share is $1.11 as of Mar. 2026. GuruFocus rates LUX:ITC with a GF Score™ of 84/100 and a GF Value™ of $9.06. 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.

ITC's adjusted revenue per share for the three months ended in Mar. 2026 was $0.152. 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 $1.11 for the trailing ten years ended in Mar. 2026.

During the past 12 months, ITC's average Cyclically Adjusted Revenue Growth Rate was 6.40% 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 (2026-07-12), ITC's current stock price is $5.50. ITC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $1.11. ITC's Cyclically Adjusted PS Ratio of today is 4.95.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of ITC was 9.51. The lowest was 4.85. And the median was 7.67.


ITC  (LUX:ITC) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=5.50/1.11
=4.95

* 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 ITC was 9.51. The lowest was 4.85. And the median was 7.67.


Be Aware

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


ITC Cyclically Adjusted Revenue per Share Related Terms


ITC Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for ITC'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.

ITC Cyclically Adjusted Revenue per Share Chart

ITC 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 0.65 0.73 1.11

ITC 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 0.73 0.73 0.78 0.78 1.11

LUX:ITC vs PM, MO, TPB: Cyclically Adjusted Revenue per Share Comparison

For the Tobacco subindustry, ITC'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.


ITC Cyclically Adjusted PS Ratio vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, ITC's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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

ITC 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, ITC'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)
=0.152/164.2724*164.2724
=0.152

Current CPI (Mar. 2026) = 164.2724.

ITC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201203 0.000 76.889 0.000
201206 0.100 79.567 0.206
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 0.157 111.317 0.232
201809 0.135 115.142 0.193
201812 0.143 115.142 0.204
201903 0.136 118.202 0.189
201906 0.142 120.880 0.193
201909 0.111 123.175 0.148
201912 0.146 126.235 0.190
202003 0.127 124.705 0.167
202006 0.104 127.000 0.135
202009 0.133 130.118 0.168
202012 0.144 130.889 0.181
202103 0.158 131.771 0.197
202106 0.145 134.084 0.178
202109 0.150 135.847 0.181
202112 0.181 138.161 0.215
202203 0.174 138.822 0.206
202206 0.191 142.347 0.220
202209 0.170 144.661 0.193
202212 0.172 145.763 0.194
202303 0.169 146.865 0.189
202306 0.166 150.280 0.181
202309 0.170 151.492 0.184
202312 0.164 152.924 0.176
202403 0.163 153.035 0.175
202406 0.169 155.789 0.178
202409 0.189 157.882 0.197
202412 0.175 158.323 0.182
202503 0.184 157.552 0.192
202506 0.198 159.755 0.204
202509 0.174 162.289 0.176
202512 0.177 163.281 0.178
202603 0.152 164.272 0.152

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 $1.11 mean?
ITC (LUX:ITC) has a Cyclically Adjusted Revenue per Share of $1.11 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 ITC and its competitors.
Is ITC's Cyclically Adjusted Revenue per Share too high?
ITC's current Cyclically Adjusted Revenue per Share is $1.11. Overall, ITC has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does ITC's Cyclically Adjusted Revenue per Share compare to PM and MO?
ITC's Cyclically Adjusted Revenue per Share of $1.11 can be compared against companies in the Tobacco Products 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 Tobacco Products company?
A good Cyclically Adjusted Revenue per Share depends on the Tobacco Products 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 ITC and its competitors. ITC's current Cyclically Adjusted Revenue per Share is $1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITC stock overvalued right now?
ITC (LUX:ITC) has a current Cyclically Adjusted Revenue per Share of $1.11. The stock's GF Value™ is $9.06, compared to a current price of $5.50 — trading 39.3% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is $1.11. ITC's 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 ITC (LUX:ITC), the current Cyclically Adjusted Revenue per Share is $1.11 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 ITC (LUX:ITC) Overvalued in 2026?

Based on GuruFocus' analysis, ITC stock appears to be undervalued. The current stock price of $5.50 is trading 39.3% below its estimated GF Value™ of $9.06.

Key valuation signals for LUX:ITC:

  • Cyclically Adjusted Revenue per Share: $1.11
  • GF Value™: $9.06 vs. price of $5.50 (39.3% below fair value)
  • GF Score™: 84/100 with 1 warning sign

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


ITC Business Description

Address 37 Jawaharlal Nehru Road, Virginia House, Kolkata, WB, IND, 700071
ITC Ltd is an Indian conglomerate that predominantly operates in the consumer goods space, particularly cigarettes. The company operates in three main business segments: Fast Moving Consumer Goods; Paperboards, Paper, and Packaging; and Agri-Business. The company's total revenue comes from the Fast Moving Consumer Goods Business, which is dominated by cigarettes but also includes branded packaged foods, personal care products, and other categories. The company generates the vast majority of its revenue in India.
84GF Score

Get the complete analysis for LUX:ITC

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

$5.50
Price
$9.06
GF Value