H & M Hennes & Mauritz AB (MIL:1HMB) Cyclically Adjusted Revenue per Share: €13.86 (As of May. 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.

MIL:1HMB H & M Hennes & Mauritz AB MIL:1HMB
50 GF Score
Price €15.45
GF Value €14.63
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is H & M Hennes & Mauritz AB Cyclically Adjusted Revenue per Share?

H & M Hennes & Mauritz AB MIL:1HMB 50 Cyclically Adjusted Revenue per Share is €13.86 as of May. 2026. GuruFocus rates MIL:1HMB with a GF Score™ of 50/100 and a GF Value™ of €14.63 (Fairly Valued). The stock has 5 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.

H & M Hennes & Mauritz AB's adjusted revenue per share for the three months ended in May. 2026 was €3.159. 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 €13.86 for the trailing ten years ended in May. 2026.

During the past 12 months, H & M Hennes & Mauritz AB's average Cyclically Adjusted Revenue Growth Rate was -0.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.70% 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 H & M Hennes & Mauritz AB was 10.80% per year. The lowest was 4.10% per year. And the median was 8.05% per year.

As of today (2026-07-16), H & M Hennes & Mauritz AB's current stock price is €15.45. H & M Hennes & Mauritz AB's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was €13.86. H & M Hennes & Mauritz AB's Cyclically Adjusted PS Ratio of today is 1.11.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of H & M Hennes & Mauritz AB was 2.49. The lowest was 0.79. And the median was 1.26.


H & M Hennes & Mauritz AB  (MIL:1HMB) 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.

H & M Hennes & Mauritz AB's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=15.45/13.86
=1.11

* 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 H & M Hennes & Mauritz AB was 2.49. The lowest was 0.79. And the median was 1.26.


Be Aware

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


H & M Hennes & Mauritz AB Cyclically Adjusted Revenue per Share Related Terms


H & M Hennes & Mauritz AB Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for H & M Hennes & Mauritz AB'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.

H & M Hennes & Mauritz AB Cyclically Adjusted Revenue per Share Chart

H & M Hennes & Mauritz AB Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 13.88

H & M Hennes & Mauritz AB 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 0.00 14.29 13.88 13.10 13.86

MIL:1HMB vs RL, LEVI, VFC: Cyclically Adjusted Revenue per Share Comparison

For the Apparel Manufacturing subindustry, H & M Hennes & Mauritz AB'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.


H & M Hennes & Mauritz AB Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, H & M Hennes & Mauritz AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where H & M Hennes & Mauritz AB's Cyclically Adjusted PS Ratio falls into.


MIL:1HMB
50GF Score
H & M Hennes & Mauritz AB MIL:1HMB
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

H & M Hennes & Mauritz AB 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, H & M Hennes & Mauritz AB'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)
=3.159/134.1100*134.1100
=3.159

Current CPI (May. 2026) = 134.1100.

H & M Hennes & Mauritz AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 3.117 100.968 4.140
201611 3.235 101.517 4.274
201702 2.995 102.037 3.936
201705 3.199 102.679 4.178
201708 3.243 103.138 4.217
201711 3.093 103.413 4.011
201802 2.806 103.678 3.630
201805 3.035 104.632 3.890
201808 3.221 105.197 4.106
201811 3.308 105.443 4.207
201902 2.936 105.641 3.727
201905 3.237 106.895 4.061
201908 3.523 106.716 4.427
201911 3.500 107.345 4.373
202002 3.142 106.742 3.948
202005 1.632 106.882 2.048
202008 2.982 107.571 3.718
202011 3.103 107.549 3.869
202102 2.399 108.190 2.974
202105 2.769 108.838 3.412
202108 3.289 109.780 4.018
202111 3.416 111.069 4.125
202202 2.818 112.834 3.349
202205 3.135 116.746 3.601
202208 3.308 120.573 3.679
202211 3.494 123.803 3.785
202302 3.010 126.321 3.196
202305 3.108 128.034 3.255
202308 3.164 129.560 3.275
202311 3.335 130.958 3.415
202402 2.950 132.046 2.996
202405 3.184 132.818 3.215
202408 3.198 132.052 3.248
202411 3.339 133.000 3.367
202502 3.067 133.744 3.075
202505 3.245 133.064 3.271
202508 3.189 133.440 3.205
202511 3.360 133.340 3.379
202602 2.920 134.410 2.913
202605 3.159 134.110 3.159

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 €13.86 mean?
H & M Hennes & Mauritz AB (MIL:1HMB) has a Cyclically Adjusted Revenue per Share of €13.86 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 H & M Hennes & Mauritz AB and its competitors.
Is H & M Hennes & Mauritz AB's Cyclically Adjusted Revenue per Share too high?
H & M Hennes & Mauritz AB's current Cyclically Adjusted Revenue per Share is €13.86. Overall, H & M Hennes & Mauritz AB has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does H & M Hennes & Mauritz AB's Cyclically Adjusted Revenue per Share compare to RL and LEVI?
H & M Hennes & Mauritz AB's Cyclically Adjusted Revenue per Share of €13.86 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Cyclically Adjusted Revenue per Share depends on the Manufacturing - Apparel & Accessories 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 H & M Hennes & Mauritz AB and its competitors. H & M Hennes & Mauritz AB's current Cyclically Adjusted Revenue per Share is €13.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H & M Hennes & Mauritz AB stock overvalued right now?
Based on GuruFocus' analysis, H & M Hennes & Mauritz AB (MIL:1HMB) is currently considered Fairly Valued. The stock's GF Value™ is €14.63, compared to a current price of €15.45 — trading 5.6% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €13.86. H & M Hennes & Mauritz AB's overall GF Score™ is 50/100 with 5 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 H & M Hennes & Mauritz AB (MIL:1HMB), the current Cyclically Adjusted Revenue per Share is €13.86 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 H & M Hennes & Mauritz AB (MIL:1HMB) Overvalued in 2026?

Based on GuruFocus' analysis, H & M Hennes & Mauritz AB stock appears to be overvalued. The current stock price of €15.45 is trading 5.6% above its estimated GF Value™ of €14.63. GuruFocus considers H & M Hennes & Mauritz AB to be Fairly Valued.

Key valuation signals for MIL:1HMB:

  • Cyclically Adjusted Revenue per Share: €13.86
  • GF Value™: €14.63 vs. price of €15.45 (5.6% above fair value)
  • GF Score™: 50/100 with 5 warning signs

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


H & M Hennes & Mauritz AB Business Description

Address Master Samuelsgatan 46A, Stockholm, SWE, SE-106 38
The H&M Group is a global multi-brand fashion conglomerate founded in 1947. Its flagship brand, H&M, generates the majority of the group's revenue, while ARKET, COS, and the secondhand platform Sellpy represent key sources of future growth. Geographically, 34% of group revenues are generated in Western Europe, followed by North and South America at 23%, and both Southern Europe and Asia, Oceania, and Africa at 13% each. The Nordic region accounts for approximately 9% of total sales.The company operates 4,101 stores (3,660 attributable to H&M brand) across 81 markets worldwide, the majority of which are leased. Online sales contributed slightly above 30% of total group revenue in financial 2025 .
50GF Score

Get the complete analysis for MIL:1HMB

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

€15.45
Price
€14.63
GF Value