Transnational (NSA:TRCNP) Cyclically Adjusted Revenue per Share: ₦36.65 (As of Mar. 2026)

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NSA:TRCNP Transnational Corp PLC NSA:TRCNP
90 GF Score
Price ₦42.65
GF Value ₦72.34
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Transnational Cyclically Adjusted Revenue per Share?

Transnational NSA:TRCNP 90 Cyclically Adjusted Revenue per Share is ₦36.65 as of Mar. 2026. GuruFocus rates NSA:TRCNP with a GF Score™ of 90/100 and a GF Value™ of ₦72.34 (Significantly Undervalued). 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.

Transnational's adjusted revenue per share for the three months ended in Mar. 2026 was ₦12.314. 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 ₦36.65 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Transnational's average Cyclically Adjusted Revenue Growth Rate was 19.80% 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 (2026-07-19), Transnational's current stock price is ₦42.65. Transnational's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₦36.65. Transnational's Cyclically Adjusted PS Ratio of today is 1.16.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Transnational was 2.98. The lowest was 0.22. And the median was 1.45.


Transnational  (NSA:TRCNP) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=42.65/36.65
=1.16

* 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 Transnational was 2.98. The lowest was 0.22. And the median was 1.45.


Be Aware

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


Transnational Cyclically Adjusted Revenue per Share Related Terms


Transnational Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Transnational'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.

Transnational Cyclically Adjusted Revenue per Share Chart

Transnational 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 25.00 28.80 34.81

Transnational 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 30.59 32.15 33.64 34.81 36.65

NSA:TRCNP vs CEG, VST, NRG: Cyclically Adjusted Revenue per Share Comparison

For the Utilities - Independent Power Producers subindustry, Transnational'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.


Transnational Cyclically Adjusted PS Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Transnational's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSA:TRCNP
90GF Score
Transnational Corp PLC NSA:TRCNP
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Transnational 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, Transnational'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)
=12.314/330.2130*330.2130
=12.314

Current CPI (Mar. 2026) = 330.2130.

Transnational Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 0.982 236.119 1.373
201506 106.081 238.638 146.789
201509 1.001 237.945 1.389
201512 1.255 236.525 1.752
201606 0.000 241.018 0.000
201612 0.000 241.432 0.000
201712 0.000 246.524 0.000
201803 2.588 249.554 3.424
201806 2.734 251.989 3.583
201809 2.535 252.439 3.316
201812 2.391 251.233 3.143
201903 1.801 254.202 2.340
201906 1.917 256.143 2.471
201909 2.017 256.759 2.594
201912 1.778 256.974 2.285
202003 1.515 258.115 1.938
202006 1.924 257.797 2.464
202009 1.919 260.280 2.435
202012 2.056 260.474 2.606
202103 2.405 264.877 2.998
202106 2.839 271.696 3.450
202109 3.180 274.310 3.828
202112 2.522 278.802 2.987
202203 3.089 287.504 3.548
202206 3.099 296.311 3.454
202209 3.282 296.808 3.651
202212 3.688 296.797 4.103
202303 3.188 301.836 3.488
202306 5.405 305.109 5.850
202309 4.516 307.789 4.845
202312 6.786 306.746 7.305
202403 8.714 312.332 9.213
202406 8.563 314.175 9.000
202409 8.563 315.301 8.968
202412 10.849 315.605 11.351
202503 14.142 319.799 14.603
202506 13.397 322.561 13.715
202509 13.116 324.800 13.335
202512 12.862 324.054 13.106
202603 12.314 330.213 12.314

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 ₦36.65 mean?
Transnational (NSA:TRCNP) has a Cyclically Adjusted Revenue per Share of ₦36.65 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 Transnational and its competitors.
Is Transnational's Cyclically Adjusted Revenue per Share too high?
Transnational's current Cyclically Adjusted Revenue per Share is ₦36.65. Overall, Transnational has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Transnational's Cyclically Adjusted Revenue per Share compare to CEG and VST?
Transnational's Cyclically Adjusted Revenue per Share of ₦36.65 can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Cyclically Adjusted Revenue per Share depends on the Utilities - Independent Power Producers 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 Transnational and its competitors. Transnational's current Cyclically Adjusted Revenue per Share is ₦36.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transnational stock overvalued right now?
Based on GuruFocus' analysis, Transnational (NSA:TRCNP) is currently considered Significantly Undervalued. The stock's GF Value™ is ₦72.34, compared to a current price of ₦42.65 — trading 41% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₦36.65. Transnational's overall GF Score™ is 90/100 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 Transnational (NSA:TRCNP), the current Cyclically Adjusted Revenue per Share is ₦36.65 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 Transnational (NSA:TRCNP) Overvalued in 2026?

Based on GuruFocus' analysis, Transnational stock appears to be undervalued. The current stock price of ₦42.65 is trading 41% below its estimated GF Value™ of ₦72.34. GuruFocus considers Transnational to be Significantly Undervalued.

Key valuation signals for NSA:TRCNP:

  • Cyclically Adjusted Revenue per Share: ₦36.65
  • GF Value™: ₦72.34 vs. price of ₦42.65 (41% below fair value)
  • GF Score™: 90/100 with 3 warning signs

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


Transnational Business Description

Address 38b Glover Road, Transnational House, Ikoyi, Lagos, NGA
Transnational Corp PLC is a diversified conglomerate. Its business segments are Power, Oil and Gas, Hospitality, Corporate Centre, and Agro-allied. The group generates the majority of the revenue from the Power segment. In the Power segment, the company through its subsidiary, is engaged in the generation of electric power. The group provides hospitality services to the customers in the Hospitality segment. Oil and Gas segment includes exploration, refining, and marketing of petroleum products, and in the Agro-Allied segment, the group processes fruit concentrates from fruits. The Corporate Centre segment is the parent Company, Transnational Corporation of Nigeria Plc, and the other non-operational subsidiaries.
90GF Score

Get the complete analysis for NSA:TRCNP

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

₦42.65
Price
₦72.34
GF Value