Zebra Technologies (MEX:ZBRA) Cyclically Adjusted Revenue per Share: MXN2,120.48 (As of Mar. 2026)

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MEX:ZBRA Zebra Technologies Corp MEX:ZBRA
73 GF Score
Price MXN4,554.00
GF Value MXN5,421.25
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Zebra Technologies Cyclically Adjusted Revenue per Share?

Zebra Technologies MEX:ZBRA 73 Cyclically Adjusted Revenue per Share is MXN2,120.48 as of Mar. 2026. GuruFocus rates MEX:ZBRA with a GF Score™ of 73/100 and a GF Value™ of MXN5,421.25 (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.

Zebra Technologies's adjusted revenue per share for the three months ended in Mar. 2026 was MXN545.417. 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 MXN2,120.48 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Zebra Technologies's average Cyclically Adjusted Revenue Growth Rate was 4.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 12.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 16.30% 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 Zebra Technologies was 26.80% per year. The lowest was 7.60% per year. And the median was 12.45% per year.

As of today (2026-07-29), Zebra Technologies's current stock price is MXN4554.00. Zebra Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN2,120.48. Zebra Technologies's Cyclically Adjusted PS Ratio of today is 2.15.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Zebra Technologies was 9.20. The lowest was 1.90. And the median was 3.57.


Zebra Technologies  (MEX:ZBRA) 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.

Zebra Technologies's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=4554.00/2120.48
=2.15

* 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 Zebra Technologies was 9.20. The lowest was 1.90. And the median was 3.57.


Be Aware

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


Zebra Technologies Cyclically Adjusted Revenue per Share Related Terms


Zebra Technologies Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Zebra Technologies'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.

Zebra Technologies Cyclically Adjusted Revenue per Share Chart

Zebra Technologies 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 1,495.96 1,659.04 1,521.20 2,133.32 2,188.47

Zebra Technologies 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 3,077.52 1,933.58 1,916.67 2,188.47 2,120.48

MEX:ZBRA vs VSAT, VIAV, AAOI: Cyclically Adjusted Revenue per Share Comparison

For the Communication Equipment subindustry, Zebra Technologies'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.


Zebra Technologies Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Zebra Technologies's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MEX:ZBRA
73GF Score
Zebra Technologies Corp MEX:ZBRA
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zebra Technologies 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, Zebra Technologies'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)
=545.417/330.2130*330.2130
=545.417

Current CPI (Mar. 2026) = 330.2130.

Zebra Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 315.444 241.018 432.182
201609 338.156 241.428 462.513
201612 374.797 241.432 512.620
201703 307.611 243.801 416.640
201706 304.845 244.955 410.948
201709 324.934 246.819 434.721
201712 374.113 246.524 501.115
201803 328.784 249.554 435.051
201806 366.509 251.989 480.283
201809 375.303 252.439 490.930
201812 409.731 251.233 538.538
201903 379.035 254.202 492.373
201906 385.591 256.143 497.094
201909 408.296 256.759 525.102
201912 412.142 256.974 529.605
202003 454.127 258.115 580.976
202006 411.105 257.797 526.586
202009 465.541 260.280 590.624
202012 483.530 260.474 612.990
202103 510.230 264.877 636.086
202106 508.469 271.696 617.981
202109 548.147 274.310 659.857
202112 558.600 278.802 661.606
202203 533.473 287.504 612.721
202206 566.443 296.311 631.252
202209 531.433 296.808 591.244
202212 563.889 296.797 627.377
202303 489.393 301.836 535.403
202306 402.512 305.109 435.630
202309 324.376 307.789 348.008
202312 331.335 306.746 356.683
202403 376.525 312.332 398.081
202406 430.167 314.175 452.126
202409 475.968 315.301 498.479
202412 535.214 315.605 559.987
202503 516.520 319.799 533.340
202506 474.751 322.561 486.013
202509 473.204 324.800 481.090
202512 525.275 324.054 535.258
202603 545.417 330.213 545.417

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 MXN2,120.48 mean?
Zebra Technologies (MEX:ZBRA) has a Cyclically Adjusted Revenue per Share of MXN2,120.48 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 Zebra Technologies and its competitors.
Is Zebra Technologies' Cyclically Adjusted Revenue per Share too high?
Zebra Technologies' current Cyclically Adjusted Revenue per Share is MXN2,120.48. Overall, Zebra Technologies has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zebra Technologies' Cyclically Adjusted Revenue per Share compare to VSAT and VIAV?
Zebra Technologies' Cyclically Adjusted Revenue per Share of MXN2,120.48 can be compared against companies in the Hardware 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 Hardware company?
A good Cyclically Adjusted Revenue per Share depends on the Hardware 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 Zebra Technologies and its competitors. Zebra Technologies's current Cyclically Adjusted Revenue per Share is MXN2,120.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zebra Technologies stock overvalued right now?
Based on GuruFocus' analysis, Zebra Technologies (MEX:ZBRA) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN5,421.25, compared to a current price of MXN4,554.00 — trading 16% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is MXN2,120.48. Zebra Technologies' overall GF Score™ is 73/100 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 Zebra Technologies (MEX:ZBRA), the current Cyclically Adjusted Revenue per Share is MXN2,120.48 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 Zebra Technologies (MEX:ZBRA) Overvalued in 2026?

Based on GuruFocus' analysis, Zebra Technologies stock appears to be undervalued. The current stock price of MXN4,554.00 is trading 16% below its estimated GF Value™ of MXN5,421.25. GuruFocus considers Zebra Technologies to be Modestly Undervalued.

Key valuation signals for MEX:ZBRA:

  • Cyclically Adjusted Revenue per Share: MXN2,120.48
  • GF Value™: MXN5,421.25 vs. price of MXN4,554.00 (16% below fair value)
  • GF Score™: 73/100 with 6 warning signs

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


Zebra Technologies Business Description

Address 3 Overlook Point, Lincolnshire, IL, USA, 60069
Zebra Technologies is the largest provider of automatic identification and data capture technology to enterprises. Its solutions include barcode printers and scanners, mobile computers, and workflow optimization software. The firm primarily serves the retail, transportation logistics, manufacturing, and healthcare markets, designing custom solutions to improve efficiency at its customers.
73GF Score

Get the complete analysis for MEX:ZBRA

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

MXN4,554.00
Price
MXN5,421.25
GF Value