MHVYF (Mitsubishi Heavy Industries) Cyclically Adjusted Revenue per Share: $9.04 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MHVYF Mitsubishi Heavy Industries Ltd MHVYF
78 GF Score
Price $23.60
GF Value $15.46
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Mitsubishi Heavy Industries Cyclically Adjusted Revenue per Share?

Mitsubishi Heavy Industries MHVYF +0.13% 78 Cyclically Adjusted Revenue per Share is $9.04 as of Mar. 2026. GuruFocus rates MHVYF with a GF Score™ of 78/100 and a GF Value™ of $15.46 (Significantly Overvalued). The stock has 4 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.

Mitsubishi Heavy Industries's adjusted revenue per share for the three months ended in Mar. 2026 was $3.089. 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 $9.04 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Mitsubishi Heavy Industries's average Cyclically Adjusted Revenue Growth Rate was 2.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 3.40% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Mitsubishi Heavy Industries was 5.30% per year. The lowest was 2.10% per year. And the median was 3.20% per year.

As of today (2026-07-22), Mitsubishi Heavy Industries's current stock price is $23.60. Mitsubishi Heavy Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $9.04. Mitsubishi Heavy Industries's Cyclically Adjusted PS Ratio of today is 2.61.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Mitsubishi Heavy Industries was 3.65. The lowest was 0.20. And the median was 0.43.


Mitsubishi Heavy Industries  (OTCPK:MHVYF) 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.

Mitsubishi Heavy Industries's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=23.60/9.04
=2.61

* 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 Mitsubishi Heavy Industries was 3.65. The lowest was 0.20. And the median was 0.43.


Be Aware

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


Mitsubishi Heavy Industries Cyclically Adjusted Revenue per Share Related Terms


Mitsubishi Heavy Industries Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Mitsubishi Heavy Industries'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.

Mitsubishi Heavy Industries Cyclically Adjusted Revenue per Share Chart

Mitsubishi Heavy Industries 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 9.80 9.05 8.60 9.12 9.04

Mitsubishi Heavy Industries 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 9.12 9.79 9.17 8.88 9.04

MHVYF vs GEV, ETN, PH: Cyclically Adjusted Revenue per Share Comparison

For the Specialty Industrial Machinery subindustry, Mitsubishi Heavy Industries'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.


Mitsubishi Heavy Industries Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsubishi Heavy Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MHVYF
78GF Score
Mitsubishi Heavy Industries Ltd MHVYF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsubishi Heavy Industries 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, Mitsubishi Heavy Industries'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)
=3.089/112.7000*112.7000
=3.089

Current CPI (Mar. 2026) = 112.7000.

Mitsubishi Heavy Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.395 98.100 2.751
201609 2.643 98.000 3.039
201612 2.423 98.400 2.775
201703 3.217 98.100 3.696
201706 2.420 98.500 2.769
201709 2.481 98.800 2.830
201712 2.675 99.400 3.033
201803 3.477 99.200 3.950
201806 2.448 99.200 2.781
201809 2.564 99.900 2.893
201812 2.723 99.700 3.078
201903 3.155 99.700 3.566
201906 2.530 99.800 2.857
201909 2.649 100.100 2.982
201912 2.667 100.500 2.991
202003 3.273 100.300 3.678
202006 2.152 99.900 2.428
202009 2.480 99.900 2.798
202012 2.706 99.300 3.071
202103 2.999 99.900 3.383
202106 2.302 99.500 2.607
202109 2.196 100.100 2.472
202112 2.567 100.100 2.890
202203 3.051 101.100 3.401
202206 1.936 101.800 2.143
202209 2.085 103.100 2.279
202212 2.344 104.100 2.538
202303 2.816 104.400 3.040
202306 2.071 105.200 2.219
202309 2.184 106.200 2.318
202312 2.461 106.800 2.597
202403 2.773 107.200 2.915
202406 2.094 108.200 2.181
202409 1.784 108.900 1.846
202412 3.052 110.700 3.107
202503 2.953 111.100 2.996
202506 2.459 111.700 2.481
202509 1.852 112.000 1.864
202512 2.316 113.000 2.310
202603 3.089 112.700 3.089

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 $9.04 mean?
Mitsubishi Heavy Industries (MHVYF) has a Cyclically Adjusted Revenue per Share of $9.04 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 Mitsubishi Heavy Industries and its competitors.
Is Mitsubishi Heavy Industries' Cyclically Adjusted Revenue per Share too high?
Mitsubishi Heavy Industries' current Cyclically Adjusted Revenue per Share is $9.04. Overall, Mitsubishi Heavy Industries has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Heavy Industries' Cyclically Adjusted Revenue per Share compare to GEV and ETN?
Mitsubishi Heavy Industries' Cyclically Adjusted Revenue per Share of $9.04 can be compared against companies in the Industrial 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 an Industrial Products company?
A good Cyclically Adjusted Revenue per Share depends on the Industrial 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 Mitsubishi Heavy Industries and its competitors. Mitsubishi Heavy Industries's current Cyclically Adjusted Revenue per Share is $9.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Heavy Industries stock overvalued right now?
Based on GuruFocus' analysis, Mitsubishi Heavy Industries (MHVYF) is currently considered Significantly Overvalued. The stock's GF Value™ is $15.46, compared to a current price of $23.60 — trading 52.7% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is $9.04. Mitsubishi Heavy Industries' overall GF Score™ is 78/100 with 4 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 Mitsubishi Heavy Industries (MHVYF), the current Cyclically Adjusted Revenue per Share is $9.04 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 Mitsubishi Heavy Industries (MHVYF) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsubishi Heavy Industries stock appears to be overvalued. The current stock price of $23.60 is trading 52.7% above its estimated GF Value™ of $15.46. GuruFocus considers Mitsubishi Heavy Industries to be Significantly Overvalued.

Key valuation signals for MHVYF:

  • Cyclically Adjusted Revenue per Share: $9.04
  • GF Value™: $15.46 vs. price of $23.60 (52.7% above fair value)
  • GF Score™: 78/100 with 4 warning signs

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


Mitsubishi Heavy Industries Business Description

Address 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, JPN, 100-8332
Mitsubishi Heavy Industries is a diversified industrial and engineering group that was founded in 1884 and reorganized in 1950. It operates across four segments: energy systems; plants and infrastructure; logistics, thermal and drive systems; and aircraft, defense and space. MHI is a global leader in large gas turbines and energy services, and a key domestic supplier of aerospace and defense systems. Its end markets include energy infrastructure, industrial equipment, transport, and defense, with a growing focus on decarbonization technologies such as hydrogen- and ammonia-capable turbines. The company employs about 77,000 people globally.
78GF Score

Get the complete analysis for MHVYF

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

$23.60
Price
$15.46
GF Value