The Hershey Co (MIL:1HSY) Cyclically Adjusted Revenue per Share: €47.87 (As of Jun. 2026)

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MIL:1HSY The Hershey Co MIL:1HSY
58 GF Score
Price €149.00
GF Value €186.22
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is The Hershey Co Cyclically Adjusted Revenue per Share?

The Hershey Co MIL:1HSY 58 Cyclically Adjusted Revenue per Share is €47.87 as of Jun. 2026. GuruFocus rates MIL:1HSY with a GF Score™ of 58/100 and a GF Value™ of €186.22 (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.

The Hershey Co's adjusted revenue per share for the three months ended in Jun. 2026 was €9.315. 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 €47.87 for the trailing ten years ended in Jun. 2026.

During the past 12 months, The Hershey Co's average Cyclically Adjusted Revenue Growth Rate was 6.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.40% 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 The Hershey Co was 8.30% per year. The lowest was 3.90% per year. And the median was 5.60% per year.

As of today (2026-09-15), The Hershey Co's current stock price is €149.00. The Hershey Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €47.87. The Hershey Co's Cyclically Adjusted PS Ratio of today is 3.11.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of The Hershey Co was 6.12. The lowest was 2.81. And the median was 3.95.


The Hershey Co  (MIL:1HSY) 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.

The Hershey Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=149.00/47.867
=3.11

* 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 The Hershey Co was 6.12. The lowest was 2.81. And the median was 3.95.


Be Aware

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


The Hershey Co Cyclically Adjusted Revenue per Share Related Terms


The Hershey Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for The Hershey Co'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.

The Hershey Co Cyclically Adjusted Revenue per Share Chart

The Hershey Co 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 33.69 37.73 40.90 43.83 45.96

The Hershey Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 45.55 46.11 46.21 47.34 47.87

MIL:1HSY vs TR, SOWG, RMCF: Cyclically Adjusted Revenue per Share Comparison

For the Confectioners subindustry, The Hershey Co'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.


The Hershey Co Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Hershey Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MIL:1HSY
58GF Score
The Hershey Co MIL:1HSY
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Hershey Co 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, The Hershey Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=9.315/333.9520*333.9520
=9.315

Current CPI (Jun. 2026) = 333.9520.

The Hershey Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.343 241.428 11.540
201612 8.541 241.432 11.814
201703 8.221 243.801 11.261
201706 7.041 244.955 9.599
201709 8.118 246.819 10.984
201712 7.753 246.524 10.503
201803 7.570 249.554 10.130
201806 6.988 251.989 9.261
201809 8.487 252.439 11.227
201812 8.254 251.233 10.972
201903 8.444 254.202 11.093
201906 7.460 256.143 9.726
201909 9.085 256.759 11.816
201912 8.874 256.974 11.532
202003 8.800 258.115 11.386
202006 7.416 257.797 9.607
202009 9.087 260.280 11.659
202012 8.754 260.474 11.223
202103 9.139 264.877 11.522
202106 7.952 271.696 9.774
202109 9.651 274.310 11.749
202112 9.810 278.802 11.751
202203 11.467 287.504 13.320
202206 10.784 296.311 12.154
202209 13.130 296.808 14.773
202212 12.613 296.797 14.192
202303 13.528 301.836 14.967
202306 11.133 305.109 12.185
202309 13.554 307.789 14.706
202312 12.034 306.746 13.101
202403 14.628 312.332 15.641
202406 9.492 314.175 10.090
202409 13.395 315.301 14.187
202412 13.303 315.605 14.076
202503 13.122 319.799 13.703
202506 11.353 322.561 11.754
202509 13.378 324.800 13.755
202512 13.065 324.054 13.464
202603 13.011 330.213 13.158
202606 9.315 333.952 9.315

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 €47.87 mean?
The Hershey Co (MIL:1HSY) has a Cyclically Adjusted Revenue per Share of €47.87 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on The Hershey Co and its competitors.
Is The Hershey Co's Cyclically Adjusted Revenue per Share too high?
The Hershey Co's current Cyclically Adjusted Revenue per Share is €47.87. Overall, The Hershey Co has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Hershey Co's Cyclically Adjusted Revenue per Share compare to TR and SOWG?
The Hershey Co's Cyclically Adjusted Revenue per Share of €47.87 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Cyclically Adjusted Revenue per Share depends on the Consumer Packaged Goods 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 The Hershey Co and its competitors. The Hershey Co's current Cyclically Adjusted Revenue per Share is €47.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Hershey Co stock overvalued right now?
Based on GuruFocus' analysis, The Hershey Co (MIL:1HSY) is currently considered Modestly Undervalued. The stock's GF Value™ is €186.22, compared to a current price of €149.00 — trading 20% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €47.87. The Hershey Co's overall GF Score™ is 58/100 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 The Hershey Co (MIL:1HSY), the current Cyclically Adjusted Revenue per Share is €47.87 as of Jun. 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 The Hershey Co (MIL:1HSY) Overvalued in 2026?

Based on GuruFocus' analysis, The Hershey Co stock appears to be undervalued. The current stock price of €149.00 is trading 20% below its estimated GF Value™ of €186.22. GuruFocus considers The Hershey Co to be Modestly Undervalued.

Key valuation signals for MIL:1HSY:

  • Cyclically Adjusted Revenue per Share: €47.87
  • GF Value™: €186.22 vs. price of €149.00 (20% below fair value)
  • GF Score™: 58/100 with 6 warning signs

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


The Hershey Co Business Description

Address 19 East Chocolate Avenue, Hershey, PA, USA, 17033
Hershey is a leading US confectionery manufacturer (around a $55 billion market, according to Euromonitor), controlling 35% of the domestic chocolate aisle. Beyond its namesake label, the firm's portfolio has expanded over the last 85 years and now comprises 100 brands, including Reese's, Kit Kat, Kisses, and Ice Breakers. Hershey's products are sold in about 80 countries, albeit with just a high-single-digit percentage of sales coming from markets outside the US, including Brazil, India, and Mexico. The firm has sought inorganic opportunities to extend its reach beyond its core confectionery business, adding Amplify Snack Brands and its Skinny Pop ready-to-eat popcorn to its portfolio, as well as Pirate Brands, Dot's Pretzels, and LesserEvil over the past few years.
58GF Score

Get the complete analysis for MIL:1HSY

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

€149.00
Price
€186.22
GF Value