Cellnex Telecom (MEX:CLNXN) Cyclically Adjusted Revenue per Share: MXN108.04 (As of Jun. 2026)

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MEX:CLNXN Cellnex Telecom SA MEX:CLNXN
72 GF Score
Price MXN571.92
GF Value MXN672.59
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Cellnex Telecom Cyclically Adjusted Revenue per Share?

Cellnex Telecom MEX:CLNXN 72 Cyclically Adjusted Revenue per Share is MXN108.04 as of Jun. 2026. GuruFocus rates MEX:CLNXN with a GF Score™ of 72/100 and a GF Value™ of MXN672.59 (Modestly Undervalued). The stock has 6 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.

Cellnex Telecom's adjusted revenue per share for the three months ended in Jun. 2026 was MXN32.566. 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 MXN108.04 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Cellnex Telecom's average Cyclically Adjusted Revenue Growth Rate was 11.50% 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 (2026-08-10), Cellnex Telecom's current stock price is MXN571.92. Cellnex Telecom's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was MXN108.04. Cellnex Telecom's Cyclically Adjusted PS Ratio of today is 5.29.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Cellnex Telecom was 10.61. The lowest was 5.02. And the median was 7.79.


Cellnex Telecom  (MEX:CLNXN) 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.

Cellnex Telecom's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=571.92/108.04
=5.29

* 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 Cellnex Telecom was 10.61. The lowest was 5.02. And the median was 7.79.


Be Aware

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


Cellnex Telecom Cyclically Adjusted Revenue per Share Related Terms


Cellnex Telecom Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Cellnex Telecom'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.

Cellnex Telecom Cyclically Adjusted Revenue per Share Chart

Cellnex Telecom 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 65.00 86.56 91.46

Cellnex Telecom Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 98.80 99.25 91.46 97.37 108.04

MEX:CLNXN vs CBRE, BEKE, JLL: Cyclically Adjusted Revenue per Share Comparison

For the Real Estate Services subindustry, Cellnex Telecom'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.


Cellnex Telecom Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Cellnex Telecom's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MEX:CLNXN
72GF Score
Cellnex Telecom SA MEX:CLNXN
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cellnex Telecom 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, Cellnex Telecom's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=32.566/131.3300*131.3300
=32.566

Current CPI (Jun. 2026) = 131.3300.

Cellnex Telecom Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 14.321 99.737 18.857
201612 10.756 101.842 13.870
201703 12.581 100.896 16.376
201706 11.460 101.848 14.777
201709 15.380 101.524 19.895
201712 13.719 102.975 17.497
201803 15.904 102.122 20.453
201806 15.553 104.165 19.609
201809 17.517 103.818 22.159
201812 14.801 104.193 18.656
201903 14.307 103.488 18.156
201906 13.521 104.612 16.974
201909 13.751 103.905 17.380
201912 11.608 105.015 14.517
202003 20.799 103.469 26.400
202006 20.144 104.254 25.376
202009 22.009 103.521 27.921
202012 19.086 104.456 23.996
202103 18.168 104.857 22.755
202106 18.050 107.102 22.133
202109 26.434 107.669 32.243
202112 23.189 111.298 27.363
202203 26.807 115.153 30.573
202206 23.668 118.044 26.332
202209 28.121 117.221 31.506
202212 19.785 117.650 22.085
202303 24.296 118.948 26.825
202306 25.860 120.278 28.236
202309 24.194 121.343 26.185
202312 50.742 121.300 54.938
202403 24.188 122.762 25.876
202406 28.976 124.409 30.588
202409 30.417 123.121 32.445
202412 63.115 124.753 66.442
202503 30.661 125.531 32.078
202506 33.144 127.251 34.206
202509 31.393 126.840 32.504
202512 37.023 128.400 37.868
202603 30.496 129.860 30.841
202606 32.566 131.330 32.566

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 MXN108.04 mean?
Cellnex Telecom (MEX:CLNXN) has a Cyclically Adjusted Revenue per Share of MXN108.04 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Cellnex Telecom and its competitors.
Is Cellnex Telecom's Cyclically Adjusted Revenue per Share too high?
Cellnex Telecom's current Cyclically Adjusted Revenue per Share is MXN108.04. Overall, Cellnex Telecom has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cellnex Telecom's Cyclically Adjusted Revenue per Share compare to CBRE and BEKE?
Cellnex Telecom's Cyclically Adjusted Revenue per Share of MXN108.04 can be compared against companies in the Real Estate 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 Real Estate company?
A good Cyclically Adjusted Revenue per Share depends on the Real Estate 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 Cellnex Telecom and its competitors. Cellnex Telecom's current Cyclically Adjusted Revenue per Share is MXN108.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cellnex Telecom stock overvalued right now?
Based on GuruFocus' analysis, Cellnex Telecom (MEX:CLNXN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN672.59, compared to a current price of MXN571.92 — trading 15% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is MXN108.04. Cellnex Telecom's overall GF Score™ is 72/100 with 6 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 Cellnex Telecom (MEX:CLNXN), the current Cyclically Adjusted Revenue per Share is MXN108.04 as of Jun. 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 Cellnex Telecom (MEX:CLNXN) Overvalued in 2026?

Based on GuruFocus' analysis, Cellnex Telecom stock appears to be undervalued. The current stock price of MXN571.92 is trading 15% below its estimated GF Value™ of MXN672.59. GuruFocus considers Cellnex Telecom to be Modestly Undervalued.

Key valuation signals for MEX:CLNXN:

  • Cyclically Adjusted Revenue per Share: MXN108.04
  • GF Value™: MXN672.59 vs. price of MXN571.92 (15% below fair value)
  • GF Score™: 72/100 with 6 warning signs

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


Cellnex Telecom Business Description

Address Paseo Zona Franca, 105, Barcelona, ESP, 08038
Cellnex owns and operates more than 100,000 wireless towers in Europe, the result of continued merger and acquisition activity since its initial public offering in 2015. It has acquired towers from several European mobile network operators, including Telefonica, Iliad, CK Hutchison, Bouygues, and Altice. Cellnex is present in France, Italy, Spain, Poland, and the United Kingdom, among others.
72GF Score

Get the complete analysis for MEX:CLNXN

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

MXN571.92
Price
MXN672.59
GF Value