Copa Holdings (MEX:CPAN) Cyclically Adjusted Revenue per Share: MXN1,007.91 (As of Jun. 2026)

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MEX:CPAN Copa Holdings SA MEX:CPAN
85 GF Score
Price MXN2,194.25
GF Value MXN2,027.18
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Copa Holdings Cyclically Adjusted Revenue per Share?

Copa Holdings MEX:CPAN 85 Cyclically Adjusted Revenue per Share is MXN1,007.91 as of Jun. 2026. GuruFocus rates MEX:CPAN with a GF Score™ of 85/100 and a GF Value™ of MXN2,027.18 (Fairly Valued). The stock has 3 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.

Copa Holdings's adjusted revenue per share for the three months ended in Jun. 2026 was MXN451.884. 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 MXN1,007.91 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Copa Holdings's average Cyclically Adjusted Revenue Growth Rate was 7.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.30% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Copa Holdings was 9.30% per year. The lowest was 3.30% per year. And the median was 5.45% per year.

As of today (2026-08-29), Copa Holdings's current stock price is MXN2194.25. Copa Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was MXN1,007.91. Copa Holdings's Cyclically Adjusted PS Ratio of today is 2.18.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Copa Holdings was 2.85. The lowest was 0.54. And the median was 1.51.


Copa Holdings  (MEX:CPAN) 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.

Copa Holdings's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2194.25/1007.91
=2.18

* 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 Copa Holdings was 2.85. The lowest was 0.54. And the median was 1.51.


Be Aware

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


Copa Holdings Cyclically Adjusted Revenue per Share Related Terms


Copa Holdings Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Copa Holdings'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.

Copa Holdings Cyclically Adjusted Revenue per Share Chart

Copa Holdings 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 1,102.59 1,163.42 920.79 1,387.40 1,299.25

Copa Holdings 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 1,304.72 1,327.97 1,299.25 1,347.33 1,007.91

MEX:CPAN vs ALK, SKYW, ALGT: Cyclically Adjusted Revenue per Share Comparison

For the Airlines subindustry, Copa Holdings'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.


Copa Holdings Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Copa Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MEX:CPAN
85GF Score
Copa Holdings SA MEX:CPAN
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Copa Holdings 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, Copa Holdings'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)
=451.884/333.9520*333.9520
=451.884

Current CPI (Jun. 2026) = 333.9520.

Copa Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 259.312 241.428 358.690
201612 292.503 241.432 404.594
201703 273.249 243.801 374.289
201706 244.457 244.955 333.273
201709 281.723 246.819 381.178
201712 309.789 246.524 419.653
201803 306.093 249.554 409.612
201806 293.553 251.989 389.035
201809 296.153 252.439 391.781
201812 303.329 251.233 403.201
201903 306.953 254.202 403.252
201906 291.720 256.143 380.336
201909 329.077 256.759 428.012
201912 302.708 256.974 393.386
202003 328.514 258.115 425.035
202006 7.890 257.797 10.221
202009 16.828 260.280 21.591
202012 74.230 260.474 95.170
202103 89.155 264.877 112.405
202106 142.003 271.696 174.541
202109 214.544 274.310 261.191
202112 277.325 278.802 332.183
202203 270.932 287.504 314.703
202206 338.487 296.311 381.486
202209 411.276 296.808 462.745
202212 438.979 296.797 493.933
202303 395.108 301.836 437.148
202306 351.706 305.109 384.954
202309 380.432 307.789 412.770
202312 368.572 306.746 401.261
202403 352.616 312.332 377.025
202406 359.860 314.175 382.513
202409 403.313 315.301 427.170
202412 444.914 315.605 470.778
202503 445.501 319.799 465.217
202506 384.657 322.561 398.241
202509 406.104 324.800 417.547
202512 421.436 324.054 434.308
202603 460.822 330.213 466.040
202606 451.884 333.952 451.884

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 MXN1,007.91 mean?
Copa Holdings (MEX:CPAN) has a Cyclically Adjusted Revenue per Share of MXN1,007.91 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 Copa Holdings and its competitors.
Is Copa Holdings' Cyclically Adjusted Revenue per Share too high?
Copa Holdings' current Cyclically Adjusted Revenue per Share is MXN1,007.91. Overall, Copa Holdings has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Copa Holdings' Cyclically Adjusted Revenue per Share compare to ALK and SKYW?
Copa Holdings' Cyclically Adjusted Revenue per Share of MXN1,007.91 can be compared against companies in the Transportation 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 Transportation company?
A good Cyclically Adjusted Revenue per Share depends on the Transportation 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 Copa Holdings and its competitors. Copa Holdings's current Cyclically Adjusted Revenue per Share is MXN1,007.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Copa Holdings stock overvalued right now?
Based on GuruFocus' analysis, Copa Holdings (MEX:CPAN) is currently considered Fairly Valued. The stock's GF Value™ is MXN2,027.18, compared to a current price of MXN2,194.25 — trading 8.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is MXN1,007.91. Copa Holdings' overall GF Score™ is 85/100 with 3 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 Copa Holdings (MEX:CPAN), the current Cyclically Adjusted Revenue per Share is MXN1,007.91 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 Copa Holdings (MEX:CPAN) Overvalued in 2026?

Based on GuruFocus' analysis, Copa Holdings stock appears to be overvalued. The current stock price of MXN2,194.25 is trading 8.2% above its estimated GF Value™ of MXN2,027.18. GuruFocus considers Copa Holdings to be Fairly Valued.

Key valuation signals for MEX:CPAN:

  • Cyclically Adjusted Revenue per Share: MXN1,007.91
  • GF Value™: MXN2,027.18 vs. price of MXN2,194.25 (8.2% above fair value)
  • GF Score™: 85/100 with 3 warning signs

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


Copa Holdings Business Description

Other Exchanges CPA:USAC2H:Germany
Address Costa del Este, Complejo Business Park, Avenida Principal y Avenida de la Rotonda, Torre Norte Parque Lefevre, Panama, PAN, 0816-06819
Copa Holdings SA is a provider of airline passenger and cargo services through its subsidiaries. The company operates through the air transportation segment. It offers international air transportation for passengers, cargo, and mail, operating from its Panama City hub in the Republic of Panama, and domestic and international air transportation for passengers, cargo, and mail with a point-to-point route network through Copa Colombia, a Colombian air carrier. The company's geographical segments are North America, South America, Central America, and the Caribbean. It derives the maximum revenue from North America.
85GF Score

Get the complete analysis for MEX:CPAN

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

MXN2,194.25
Price
MXN2,027.18
GF Value