NAVER (NHNCF) Cyclically Adjusted Revenue per Share: $29.59 (As of Mar. 2026)

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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.

NHNCF NAVER Corp NHNCF
96 GF Score
Price $115.00
GF Value $158.47
! 3 Warning Signs
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What is NAVER Cyclically Adjusted Revenue per Share?

NAVER NHNCF 96 Cyclically Adjusted Revenue per Share is $29.59 as of Mar. 2026. GuruFocus rates NHNCF with a GF Score™ of 96/100 and a GF Value™ of $158.47. The stock has 3 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.

NAVER's adjusted revenue per share for the three months ended in Mar. 2026 was $14.205. 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 $29.59 for the trailing ten years ended in Mar. 2026.

During the past 12 months, NAVER's average Cyclically Adjusted Revenue Growth Rate was 14.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 15.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 16.10% 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 NAVER was 16.80% per year. The lowest was 9.80% per year. And the median was 15.00% per year.

As of today (2026-07-17), NAVER's current stock price is $115.00. NAVER's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $29.59. NAVER's Cyclically Adjusted PS Ratio of today is 3.89.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of NAVER was 17.56. The lowest was 3.69. And the median was 7.23.


NAVER  (OTCPK:NHNCF) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=115.00/29.59
=3.89

* 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 NAVER was 17.56. The lowest was 3.69. And the median was 7.23.


Be Aware

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


NAVER Cyclically Adjusted Revenue per Share Related Terms


NAVER Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for NAVER'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.

NAVER Cyclically Adjusted Revenue per Share Chart

NAVER 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 21.24 19.63 25.31 23.72

NAVER 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 27.38 20.49 20.75 23.72 29.59

NHNCF vs GOOGL, META, SPOT: Cyclically Adjusted Revenue per Share Comparison

For the Internet Content & Information subindustry, NAVER'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.


NAVER Cyclically Adjusted PS Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NAVER's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NHNCF
96GF Score
NAVER Corp NHNCF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NAVER 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, NAVER'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)
=14.205/125.2360*125.2360
=14.205

Current CPI (Mar. 2026) = 125.2360.

NAVER Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 5.742 100.791 7.135
201609 6.141 101.461 7.580
201612 6.048 101.561 7.458
201703 6.580 102.851 8.012
201706 6.930 102.611 8.458
201709 7.166 103.491 8.672
201712 7.960 102.991 9.679
201803 1.671 104.101 2.010
201806 1.705 104.130 2.051
201809 1.708 105.651 2.025
201812 9.243 104.351 11.093
201903 9.162 104.491 10.981
201906 9.556 104.881 11.411
201909 6.307 105.200 7.508
201912 6.907 105.121 8.229
202003 6.514 105.354 7.743
202006 7.273 105.112 8.665
202009 7.951 106.198 9.376
202012 9.194 105.765 10.887
202103 8.968 107.357 10.461
202106 9.883 107.579 11.505
202109 9.788 108.759 11.271
202112 7.803 109.676 8.910
202203 9.871 111.848 11.053
202206 10.466 114.072 11.490
202209 9.684 114.715 10.572
202212 11.492 115.179 12.495
202303 10.150 116.507 10.910
202306 12.031 117.182 12.858
202309 12.008 118.964 12.641
202312 12.790 118.837 13.479
202403 12.517 120.123 13.050
202406 12.234 120.007 12.767
202409 13.290 120.861 13.771
202412 13.212 121.135 13.659
202503 12.360 122.590 12.627
202506 14.103 122.611 14.405
202509 14.909 123.402 15.131
202512 14.425 123.939 14.576
202603 14.205 125.236 14.205

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 $29.59 mean?
NAVER (NHNCF) has a Cyclically Adjusted Revenue per Share of $29.59 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 NAVER and its competitors.
Is NAVER's Cyclically Adjusted Revenue per Share too high?
NAVER's current Cyclically Adjusted Revenue per Share is $29.59. Overall, NAVER has a GF Score™ of 96/100, reflecting its overall financial health beyond just this single metric.
How does NAVER's Cyclically Adjusted Revenue per Share compare to GOOGL and META?
NAVER's Cyclically Adjusted Revenue per Share of $29.59 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Cyclically Adjusted Revenue per Share depends on the Interactive Media 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 NAVER and its competitors. NAVER's current Cyclically Adjusted Revenue per Share is $29.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NAVER stock overvalued right now?
NAVER (NHNCF) has a current Cyclically Adjusted Revenue per Share of $29.59. The stock's GF Value™ is $158.47, compared to a current price of $115.00 — trading 27.4% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is $29.59. NAVER's overall GF Score™ is 96/100 with 3 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 NAVER (NHNCF), the current Cyclically Adjusted Revenue per Share is $29.59 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 NAVER (NHNCF) Overvalued in 2026?

Based on GuruFocus' analysis, NAVER stock appears to be undervalued. The current stock price of $115.00 is trading 27.4% below its estimated GF Value™ of $158.47.

Key valuation signals for NHNCF:

  • Cyclically Adjusted Revenue per Share: $29.59
  • GF Value™: $158.47 vs. price of $115.00 (27.4% below fair value)
  • GF Score™: 96/100 with 3 warning signs

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


NAVER Business Description

Other Exchanges 035420:Korea
Address Naver 1784, 95 Jeongjail-ro, Bundang-gu, Gyeonggi Province, Seongnam, KOR, 13561
Naver has been the leading search portal in South Korea for many years. The company has also been evolving into an internet platform providing a variety of internet services, such as news, a dictionary, maps, digital comic content, social networking, e-commerce, videos, fintech services based on online payments, and Cloud services. Naver was also the incubator of Line Yahoo, the leading mobile messaging app in Japan, Taiwan, Thailand, and Indonesia, which merged with Z Holdings (Yahoo Japan), with Naver now owning 32.5% of the merged entity renamed LY. Naver is now launching AI products using its proprietary data.
96GF Score

Get the complete analysis for NHNCF

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

$115.00
Price
$158.47
GF Value