QIWI (MIC:QIWI) Cyclically Adjusted Revenue per Share: ₽608.08 (As of Dec. 2023)

Author: Vera Yuan Vera Yuan
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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.

What is QIWI Cyclically Adjusted Revenue per Share?

QIWI MIC:QIWI -6.99% 17 Cyclically Adjusted Revenue per Share is ₽608.08 as of Dec. 2023. GuruFocus rates MIC:QIWI with a GF Score™ of 17/100.

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.

QIWI's adjusted revenue per share for the three months ended in Dec. 2023 was ₽-732.112. 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 ₽608.08 for the trailing ten years ended in Dec. 2023.

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 (2026-07-19), QIWI's current stock price is ₽0.00. QIWI's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was ₽608.08. QIWI's Cyclically Adjusted PS Ratio of today is 0.00.


QIWI  (MIC:QIWI) 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.

QIWI's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.00/608.08
=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.


Be Aware

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


QIWI Cyclically Adjusted Revenue per Share Related Terms


QIWI Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for QIWI'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.

QIWI Cyclically Adjusted Revenue per Share Chart

QIWI Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 524.20 484.38 608.08

QIWI Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 484.38 645.04 830.38 819.32 608.08

MIC:QIWI vs MSFT, ORCL, ADBE: Cyclically Adjusted Revenue per Share Comparison

For the Software - Infrastructure subindustry, QIWI'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.


QIWI Cyclically Adjusted PS Ratio vs Software Industry

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

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



QIWI 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, QIWI's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-732.112/306.7460*306.7460
=-732.112

Current CPI (Dec. 2023) = 306.7460.

QIWI Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 61.410 236.293 79.720
201406 65.497 238.343 84.294
201409 69.187 238.031 89.160
201412 75.168 234.812 98.196
201503 72.165 236.119 93.751
201506 74.709 238.638 96.031
201509 77.568 237.945 99.997
201512 80.345 236.525 104.198
201603 68.886 238.132 88.734
201606 73.059 241.018 92.983
201609 72.110 241.428 91.619
201612 80.847 241.432 102.718
201703 75.619 243.801 95.142
201706 78.386 244.955 98.159
201709 83.803 246.819 104.150
201712 103.570 246.524 128.871
201803 104.186 249.554 128.063
201806 113.949 251.989 138.710
201809 128.861 252.439 156.583
201812 132.930 251.233 162.303
201903 144.096 254.202 173.881
201906 148.395 256.143 177.712
201909 145.968 256.759 174.386
201912 155.274 256.974 185.348
202003 150.749 258.115 179.151
202006 151.201 257.797 179.910
202009 173.564 260.280 204.549
202012 174.913 260.474 205.985
202103 147.848 264.877 171.218
202106 173.141 271.696 195.477
202109 188.092 274.310 210.333
202112 -476.052 278.802 -523.766
202203 155.589 287.504 166.002
202206 223.867 296.311 231.751
202209 206.589 296.808 213.506
202212 -517.828 296.797 -535.186
202303 284.981 301.836 289.617
202306 287.630 305.109 289.173
202309 274.370 307.789 273.440
202312 -732.112 306.746 -732.112

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 ₽608.08 mean?
QIWI (MIC:QIWI) has a Cyclically Adjusted Revenue per Share of ₽608.08 as of Dec. 2023. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on QIWI and its competitors.
Is QIWI's Cyclically Adjusted Revenue per Share too high?
QIWI's current Cyclically Adjusted Revenue per Share is ₽608.08. Overall, QIWI has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does QIWI's Cyclically Adjusted Revenue per Share compare to MSFT and ORCL?
QIWI's Cyclically Adjusted Revenue per Share of ₽608.08 can be compared against companies in the Software 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 Software company?
A good Cyclically Adjusted Revenue per Share depends on the Software 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 QIWI and its competitors. QIWI's current Cyclically Adjusted Revenue per Share is ₽608.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is QIWI stock overvalued right now?
QIWI (MIC:QIWI) has a current Cyclically Adjusted Revenue per Share of ₽608.08. The current Cyclically Adjusted Revenue per Share is ₽608.08. QIWI's overall GF Score™ is 17/100. 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 QIWI (MIC:QIWI), the current Cyclically Adjusted Revenue per Share is ₽608.08 as of Dec. 2023. 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.

QIWI Business Description

Address Kennedy 12, Kennedy Business Centre, 2nd Floor, Nicosia, CYP, 1087
QIWI PLC is engaged in operating electronic online payment systems in Russia, Kazakhstan, Moldova, Belarus, Romania, United Arab Emirates (UAE), and other countries and provides consumer and small and medium enterprises (SME) financial services. The company's segments include Payment Services, Digital Marketing, and Corporate and Others. It generates maximum revenue from the Payment Services segment. Geographically, the majority is from CIS countries.