Applied Digital (MIL:1APLD) Cyclically Adjusted Revenue per Share: €1.40 (As of May. 2026)

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MIL:1APLD Applied Digital Corp MIL:1APLD
25 GF Score
Price €27.00
GF Value €17.43
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Applied Digital Cyclically Adjusted Revenue per Share?

Applied Digital MIL:1APLD +6.64% 25 Cyclically Adjusted Revenue per Share is €1.40 as of May. 2026. GuruFocus rates MIL:1APLD with a GF Score™ of 25/100 and a GF Value™ of €17.43 (Significantly Overvalued). 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.

Applied Digital's adjusted revenue per share for the three months ended in May. 2026 was €0.775. 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 €1.40 for the trailing ten years ended in May. 2026.

During the past 12 months, Applied Digital's average Cyclically Adjusted Revenue Growth Rate was -9.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -13.20% 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 Applied Digital was -13.20% per year. The lowest was -13.20% per year. And the median was -13.20% per year.

As of today (2026-08-05), Applied Digital's current stock price is €27.00. Applied Digital's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was €1.40. Applied Digital's Cyclically Adjusted PS Ratio of today is 19.29.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Applied Digital was 29.37. The lowest was 0.46. And the median was 2.93.


Applied Digital  (MIL:1APLD) 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.

Applied Digital's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=27.00/1.40
=19.29

* 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 Applied Digital was 29.37. The lowest was 0.46. And the median was 2.93.


Be Aware

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


Applied Digital Cyclically Adjusted Revenue per Share Related Terms


Applied Digital Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Applied Digital'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.

Applied Digital Cyclically Adjusted Revenue per Share Chart

Applied Digital Annual Data
Trend May06 May07 May08 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 1.77 1.40

Applied Digital Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 1.77 1.42 1.39 1.34 1.40

MIL:1APLD vs INGM, GDS, PSN: Cyclically Adjusted Revenue per Share Comparison

For the Information Technology Services subindustry, Applied Digital'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.


Applied Digital Cyclically Adjusted PS Ratio vs Software Industry

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

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


MIL:1APLD
25GF Score
Applied Digital Corp MIL:1APLD
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Applied Digital 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, Applied Digital's adjusted Revenue per Share data for the three months ended in May. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=0.775/335.1230*335.1230
=0.775

Current CPI (May. 2026) = 335.1230.

Applied Digital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200508 0.723 196.400 1.234
200511 0.942 197.600 1.598
200602 0.560 198.700 0.944
200605 0.125 202.500 0.207
200608 0.346 203.900 0.569
200611 0.371 201.500 0.617
200702 0.102 203.499 0.168
200705 0.056 207.949 0.090
200708 0.025 207.917 0.040
200711 0.037 210.177 0.059
200802 0.061 211.693 0.097
200805 0.041 216.632 0.063
200808 0.026 219.086 0.040
200811 0.044 212.425 0.069
200902 0.802 212.193 1.267
202005 0.000 256.394 0.000
202008 0.000 259.918 0.000
202011 0.000 260.229 0.000
202102 0.000 263.014 0.000
202105 0.000 269.195 0.000
202108 0.000 273.567 0.000
202111 0.000 277.948 0.000
202202 0.017 283.716 0.020
202205 0.093 292.296 0.107
202208 0.073 296.171 0.083
202211 0.130 297.711 0.146
202302 0.140 300.840 0.156
202305 0.213 304.127 0.235
202308 0.331 307.026 0.361
202311 0.356 307.051 0.389
202402 0.331 310.326 0.357
202405 0.109 314.069 0.116
202408 0.212 314.796 0.226
202411 0.163 315.493 0.173
202502 0.228 319.082 0.239
202505 -0.132 321.465 -0.138
202508 0.216 323.976 0.223
202511 0.395 324.122 0.408
202602 0.380 326.785 0.390
202605 0.775 335.123 0.775

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 €1.40 mean?
Applied Digital (MIL:1APLD) has a Cyclically Adjusted Revenue per Share of €1.40 as of May. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Applied Digital and its competitors.
Is Applied Digital's Cyclically Adjusted Revenue per Share too high?
Applied Digital's current Cyclically Adjusted Revenue per Share is €1.40. Overall, Applied Digital has a GF Score™ of 25/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Digital's Cyclically Adjusted Revenue per Share compare to INGM and GDS?
Applied Digital's Cyclically Adjusted Revenue per Share of €1.40 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 Applied Digital and its competitors. Applied Digital's current Cyclically Adjusted Revenue per Share is €1.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Digital stock overvalued right now?
Based on GuruFocus' analysis, Applied Digital (MIL:1APLD) is currently considered Significantly Overvalued. The stock's GF Value™ is €17.43, compared to a current price of €27.00 — trading 54.9% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €1.40. Applied Digital's overall GF Score™ is 25/100 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 Applied Digital (MIL:1APLD), the current Cyclically Adjusted Revenue per Share is €1.40 as of May. 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 Applied Digital (MIL:1APLD) Overvalued in 2026?

Based on GuruFocus' analysis, Applied Digital stock appears to be overvalued. The current stock price of €27.00 is trading 54.9% above its estimated GF Value™ of €17.43. GuruFocus considers Applied Digital to be Significantly Overvalued.

Key valuation signals for MIL:1APLD:

  • Cyclically Adjusted Revenue per Share: €1.40
  • GF Value™: €17.43 vs. price of €27.00 (54.9% above fair value)
  • GF Score™: 25/100 with 6 warning signs

No single metric tells the full story. See the MIL:1APLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Applied Digital Business Description

Other Exchanges APLD:USAA1PL34:Brazil
Address 3811 Turtle Creek Boulevard, Suite 2100, Dallas, TX, USA, 75219
Applied Digital Corp is a designer, developer, and operator of next-generation digital infrastructure across North America. It provides digital infrastructure solutions and cloud services to industries like High-Performance Computing (HPC) and Artificial Intelligence (AI). The company operates in the following business segments: Data Center Hosting Business and HPC Hosting Business. The majority of its revenue is generated from the Data Center Hosting Business, which operates data centers to provide energized space to crypto mining customers.
25GF Score

Get the complete analysis for MIL:1APLD

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

€27.00
Price
€17.43
GF Value