Workhorse Group (MEX:WKHS) Cyclically Adjusted Revenue per Share: MXN10,864.52 (As of Mar. 2026)

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MEX:WKHS Workhorse Group Inc MEX:WKHS
33 GF Score
Price MXN44.70
GF Value MXN199.55
! 8 Warning Signs
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What is Workhorse Group Cyclically Adjusted Revenue per Share?

Workhorse Group MEX:WKHS 33 Cyclically Adjusted Revenue per Share is MXN10,864.52 as of Mar. 2026. GuruFocus rates MEX:WKHS with a GF Score™ of 33/100 and a GF Value™ of MXN199.55. 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.

Workhorse Group's adjusted revenue per share for the three months ended in Mar. 2026 was MXN7.795. 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 MXN10,864.52 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Workhorse Group's average Cyclically Adjusted Revenue Growth Rate was -2.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -3.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -5.50% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Workhorse Group was -3.20% per year. The lowest was -14.40% per year. And the median was -8.95% per year.

As of today (2026-07-23), Workhorse Group's current stock price is MXN44.70. Workhorse Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN10,864.52. Workhorse Group's Cyclically Adjusted PS Ratio of today is 0.00.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Workhorse Group was 351.93. The lowest was 0.01. And the median was 14.23.


Workhorse Group  (MEX:WKHS) 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.

Workhorse Group's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=44.70/10864.52
=0.00

* 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 Workhorse Group was 351.93. The lowest was 0.01. And the median was 14.23.


Be Aware

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


Workhorse Group Cyclically Adjusted Revenue per Share Related Terms


Workhorse Group Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Workhorse Group'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.

Workhorse Group Cyclically Adjusted Revenue per Share Chart

Workhorse Group 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 6,811.02 5,973.26 4,771.39 5,532.85 6,439.63

Workhorse Group 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 5,859.66 9,845.22 4,946.81 6,439.63 10,864.52

MEX:WKHS vs DCX, EVTV, FABC: Cyclically Adjusted Revenue per Share Comparison

For the Auto Manufacturers subindustry, Workhorse Group'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.


Workhorse Group Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Workhorse Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MEX:WKHS
33GF Score
Workhorse Group Inc MEX:WKHS
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Workhorse Group 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, Workhorse Group'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)
=7.795/330.2130*330.2130
=7.795

Current CPI (Mar. 2026) = 330.2130.

Workhorse Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3,262.714 241.018 4,470.166
201609 5,264.714 241.428 7,200.809
201612 6,959.333 241.432 9,518.466
201703 2,687.455 243.801 3,639.987
201706 379.583 244.955 511.699
201709 4,636.833 246.819 6,203.504
201712 6,321.438 246.524 8,467.415
201803 782.615 249.554 1,035.566
201806 240.000 251.989 314.502
201809 13.733 252.439 17.964
201812 19.619 251.233 25.787
201903 392.278 254.202 509.576
201906 5.750 256.143 7.413
201909 3.591 256.759 4.618
201912 2.591 256.974 3.329
202003 70.357 258.115 90.009
202006 84.960 257.797 108.826
202009 346.694 260.280 439.845
202012 259.400 260.474 328.851
202103 247.674 264.877 308.767
202106 584.073 271.696 709.869
202109 -275.907 274.310 -332.135
202112 -854.313 278.802 -1,011.848
202203 5.471 287.504 6.284
202206 4.943 296.311 5.509
202209 587.887 296.808 654.052
202212 1,244.500 296.797 1,384.617
202303 544.929 301.836 596.160
202306 1,096.661 305.109 1,186.893
202309 732.806 307.789 786.195
202312 859.644 306.746 925.409
202403 220.020 312.332 232.616
202406 122.429 314.175 128.679
202409 449.300 315.301 470.549
202412 153.353 315.605 160.451
202503 2.511 319.799 2.593
202506 145.031 322.561 148.472
202509 33.785 324.800 34.348
202512 23.233 324.054 23.675
202603 7.795 330.213 7.795

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 MXN10,864.52 mean?
Workhorse Group (MEX:WKHS) has a Cyclically Adjusted Revenue per Share of MXN10,864.52 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 Workhorse Group and its competitors.
Is Workhorse Group's Cyclically Adjusted Revenue per Share too high?
Workhorse Group's current Cyclically Adjusted Revenue per Share is MXN10,864.52. Overall, Workhorse Group has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Workhorse Group's Cyclically Adjusted Revenue per Share compare to DCX and EVTV?
Workhorse Group's Cyclically Adjusted Revenue per Share of MXN10,864.52 can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Cyclically Adjusted Revenue per Share depends on the Vehicles & Parts 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 Workhorse Group and its competitors. Workhorse Group's current Cyclically Adjusted Revenue per Share is MXN10,864.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Workhorse Group stock overvalued right now?
Workhorse Group (MEX:WKHS) has a current Cyclically Adjusted Revenue per Share of MXN10,864.52. The stock's GF Value™ is MXN199.55, compared to a current price of MXN44.70 — trading 77.6% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is MXN10,864.52. Workhorse Group's overall GF Score™ is 33/100 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 Workhorse Group (MEX:WKHS), the current Cyclically Adjusted Revenue per Share is MXN10,864.52 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 Workhorse Group (MEX:WKHS) Overvalued in 2026?

Based on GuruFocus' analysis, Workhorse Group stock appears to be undervalued. The current stock price of MXN44.70 is trading 77.6% below its estimated GF Value™ of MXN199.55.

Key valuation signals for MEX:WKHS:

  • Cyclically Adjusted Revenue per Share: MXN10,864.52
  • GF Value™: MXN199.55 vs. price of MXN44.70 (77.6% below fair value)
  • GF Score™: 33/100 with 8 warning signs

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


Workhorse Group Business Description

Other Exchanges WKHS:USA0A3U:UK1WO0:Germany
Address 48443 Alpha Drive, Suite 190, Wixom, MI, USA, 48393
Workhorse Group Inc is a technology company with a vision to pioneer the transition to zero-emission commercial vehicles. Its focus is to provide sustainable and cost-effective solutions to the commercial transportation sector. It designs and manufactures all-electric vehicles, including the technology that optimizes the way these vehicles operate. It's focused on a core competency of bringing electric delivery vehicle platforms to serve the last-mile delivery market. Its products are marketed under the Workhorse brand.
33GF Score

Get the complete analysis for MEX:WKHS

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

MXN44.70
Price
MXN199.55
GF Value