Rai Way SpA (MIL:RWAY) Cyclically Adjusted Revenue per Share: €1.02 (As of Mar. 2026)

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MIL:RWAY Rai Way SpA MIL:RWAY
82 GF Score
Price €4.67
GF Value €5.68
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Rai Way SpA Cyclically Adjusted Revenue per Share?

Rai Way SpA MIL:RWAY +0.65% 82 Cyclically Adjusted Revenue per Share is €1.02 as of Mar. 2026. GuruFocus rates MIL:RWAY with a GF Score™ of 82/100 and a GF Value™ of €5.68 (Modestly Undervalued). The stock has 2 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.

Rai Way SpA's adjusted revenue per share for the three months ended in Mar. 2026 was €0.268. 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 €1.02 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Rai Way SpA's average Cyclically Adjusted Revenue Growth Rate was 1.00% 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.

As of today (2026-07-14), Rai Way SpA's current stock price is €4.67. Rai Way SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €1.02. Rai Way SpA's Cyclically Adjusted PS Ratio of today is 4.58.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Rai Way SpA was 6.27. The lowest was 2.40. And the median was 5.47.


Rai Way SpA  (MIL:RWAY) 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.

Rai Way SpA's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=4.67/1.02
=4.58

* 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 Rai Way SpA was 6.27. The lowest was 2.40. And the median was 5.47.


Be Aware

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


Rai Way SpA Cyclically Adjusted Revenue per Share Related Terms


Rai Way SpA Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Rai Way SpA'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.

Rai Way SpA Cyclically Adjusted Revenue per Share Chart

Rai Way SpA 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 0.00 0.00 1.90 0.98 1.00

Rai Way SpA 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 0.99 1.00 1.00 1.00 1.02

MIL:RWAY vs PWR, FIX, EME: Cyclically Adjusted Revenue per Share Comparison

For the Engineering & Construction subindustry, Rai Way SpA'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.


Rai Way SpA Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Rai Way SpA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MIL:RWAY
82GF Score
Rai Way SpA MIL:RWAY
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rai Way SpA 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, Rai Way SpA'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)
=0.268/124.5600*124.5600
=0.268

Current CPI (Mar. 2026) = 124.5600.

Rai Way SpA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.198 99.900 0.247
201609 0.201 100.100 0.250
201612 0.198 100.300 0.246
201703 0.198 101.000 0.244
201706 0.199 101.100 0.245
201709 0.199 101.200 0.245
201712 0.199 101.200 0.245
201803 0.199 101.800 0.243
201806 0.202 102.400 0.246
201809 0.200 102.600 0.243
201812 0.200 102.300 0.244
201903 0.202 102.800 0.245
201906 0.204 103.100 0.246
201909 0.203 102.900 0.246
201912 0.205 102.800 0.248
202003 0.204 102.900 0.247
202006 0.204 102.900 0.247
202009 0.212 102.300 0.258
202012 0.216 102.600 0.262
202103 0.211 103.700 0.253
202106 0.213 104.200 0.255
202109 0.216 104.900 0.256
202112 0.217 106.600 0.254
202203 0.224 110.400 0.253
202206 0.229 112.500 0.254
202209 0.241 114.200 0.263
202212 0.221 119.000 0.231
202303 0.256 118.800 0.268
202306 0.256 119.700 0.266
202309 0.254 120.300 0.263
202312 0.247 119.700 0.257
202403 0.257 120.200 0.266
202406 0.256 120.700 0.264
202409 0.256 121.200 0.263
202412 0.259 121.200 0.266
202503 0.261 122.500 0.265
202506 0.269 122.700 0.273
202509 0.257 123.100 0.260
202512 0.267 122.600 0.271
202603 0.268 124.560 0.268

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 €1.02 mean?
Rai Way SpA (MIL:RWAY) has a Cyclically Adjusted Revenue per Share of €1.02 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 Rai Way SpA and its competitors.
Is Rai Way SpA's Cyclically Adjusted Revenue per Share too high?
Rai Way SpA's current Cyclically Adjusted Revenue per Share is €1.02. Overall, Rai Way SpA has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rai Way SpA's Cyclically Adjusted Revenue per Share compare to PWR and FIX?
Rai Way SpA's Cyclically Adjusted Revenue per Share of €1.02 can be compared against companies in the Construction 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 Construction company?
A good Cyclically Adjusted Revenue per Share depends on the Construction 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 Rai Way SpA and its competitors. Rai Way SpA's current Cyclically Adjusted Revenue per Share is €1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rai Way SpA stock overvalued right now?
Based on GuruFocus' analysis, Rai Way SpA (MIL:RWAY) is currently considered Modestly Undervalued. The stock's GF Value™ is €5.68, compared to a current price of €4.67 — trading 17.8% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €1.02. Rai Way SpA's overall GF Score™ is 82/100 with 2 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 Rai Way SpA (MIL:RWAY), the current Cyclically Adjusted Revenue per Share is €1.02 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 Rai Way SpA (MIL:RWAY) Overvalued in 2026?

Based on GuruFocus' analysis, Rai Way SpA stock appears to be undervalued. The current stock price of €4.67 is trading 17.8% below its estimated GF Value™ of €5.68. GuruFocus considers Rai Way SpA to be Modestly Undervalued.

Key valuation signals for MIL:RWAY:

  • Cyclically Adjusted Revenue per Share: €1.02
  • GF Value™: €5.68 vs. price of €4.67 (17.8% below fair value)
  • GF Score™: 82/100 with 2 warning signs

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


Rai Way SpA Business Description

Other Exchanges RWAYm:UK0R40:UK4RW:Germany
Address Via Teulada 66, Rome, ITA, 00195
Rai Way SpA is an Italy-based company which operates activity of signal transmission and a broadcasting network of RAI group. The services provided by the company include broadcasting services, transmission services, tower Rental Services and network Services. The company serves its customer by providing implementation and management of the main broadcasting processes which include analog and digital, terrestrial and satellite, for audio, video and data signals, television signals through connecting network. The company allows its clients to have the availability of tower and civil infrastructures to install radio transmitters, planning, construction, installation, management of electronic and telecommunications networks. It provides services throughout Italy.
82GF Score

Get the complete analysis for MIL:RWAY

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

€4.67
Price
€5.68
GF Value