Dixon Technologies (India) (NSE:DIXON) Cyclically Adjusted Revenue per Share: ₹2,981.94 (As of Mar. 2026)

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NSE:DIXON Dixon Technologies (India) Ltd NSE:DIXON
97 GF Score
Price ₹14,118.00
GF Value ₹24,349.05
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Dixon Technologies (India) Cyclically Adjusted Revenue per Share?

Dixon Technologies (India) NSE:DIXON -3.23% 97 Cyclically Adjusted Revenue per Share is ₹2,981.94 as of Mar. 2026. GuruFocus rates NSE:DIXON with a GF Score™ of 97/100 and a GF Value™ of ₹24,349.05 (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.

Dixon Technologies (India)'s adjusted revenue per share for the three months ended in Mar. 2026 was ₹2,000.782. 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 ₹2,981.94 for the trailing ten years ended in Mar. 2026.

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 (2026-07-21), Dixon Technologies (India)'s current stock price is ₹14118.00. Dixon Technologies (India)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹2,981.94. Dixon Technologies (India)'s Cyclically Adjusted PS Ratio of today is 4.73.

During the past 12 years, the highest Cyclically Adjusted PS Ratio of Dixon Technologies (India) was 4.89. The lowest was 3.33. And the median was 3.83.


Dixon Technologies (India)  (NSE:DIXON) 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.

Dixon Technologies (India)'s Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=14118.00/2981.94
=4.73

* 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 12 years, the highest Cyclically Adjusted PS Ratio of Dixon Technologies (India) was 4.89. The lowest was 3.33. And the median was 3.83.


Be Aware

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


Dixon Technologies (India) Cyclically Adjusted Revenue per Share Related Terms


Dixon Technologies (India) Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Dixon Technologies (India)'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.

Dixon Technologies (India) Cyclically Adjusted Revenue per Share Chart

Dixon Technologies (India) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
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 2,981.94

Dixon Technologies (India) 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 0.00 0.00 0.00 2,830.34 2,981.94

NSE:DIXON vs AAPL: Cyclically Adjusted Revenue per Share Comparison

For the Consumer Electronics subindustry, Dixon Technologies (India)'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.


Dixon Technologies (India) Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Dixon Technologies (India)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Dixon Technologies (India)'s Cyclically Adjusted PS Ratio falls into.


NSE:DIXON
97GF Score
Dixon Technologies (India) Ltd NSE:DIXON
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dixon Technologies (India) 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, Dixon Technologies (India)'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)
=2000.782/164.2724*164.2724
=2,000.782

Current CPI (Mar. 2026) = 164.2724.

Dixon Technologies (India) Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.000 102.518 0.000
201609 130.393 105.961 202.149
201612 119.301 105.196 186.299
201703 112.562 105.196 175.775
201706 120.892 107.109 185.412
201709 159.397 109.021 240.178
201712 122.139 109.404 183.394
201803 107.103 109.786 160.257
201806 104.695 111.317 154.501
201809 130.502 115.142 186.187
201812 140.250 115.142 200.094
201903 142.210 118.202 197.638
201906 193.976 120.880 263.608
201909 237.073 123.175 316.173
201912 168.760 126.235 219.611
202003 137.812 124.705 181.538
202006 87.234 127.000 112.835
202009 277.297 130.118 350.084
202012 370.352 130.889 464.810
202103 345.765 131.771 431.050
202106 308.475 134.084 377.926
202109 463.266 135.847 560.202
202112 512.208 138.161 609.013
202203 492.242 138.822 582.486
202206 473.556 142.347 546.495
202209 644.709 144.661 732.110
202212 401.637 145.763 452.639
202303 511.928 146.865 572.607
202306 535.267 150.280 585.105
202309 873.307 151.492 946.982
202312 809.872 152.924 869.970
202403 718.709 153.035 771.487
202406 1,143.398 155.789 1,205.662
202409 2,015.109 157.882 2,096.669
202412 2,176.354 158.323 2,258.138
202503 1,962.353 157.552 2,046.061
202506 2,641.626 159.755 2,716.320
202509 2,721.152 162.289 2,754.405
202512 1,954.826 163.281 1,966.698
202603 2,000.782 164.272 2,000.782

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 ₹2,981.94 mean?
Dixon Technologies (India) (NSE:DIXON) has a Cyclically Adjusted Revenue per Share of ₹2,981.94 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 Dixon Technologies (India) and its competitors.
Is Dixon Technologies (India)'s Cyclically Adjusted Revenue per Share too high?
Dixon Technologies (India)'s current Cyclically Adjusted Revenue per Share is ₹2,981.94. Overall, Dixon Technologies (India) has a GF Score™ of 97/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dixon Technologies (India)'s Cyclically Adjusted Revenue per Share compare to AAPL?
Dixon Technologies (India)'s Cyclically Adjusted Revenue per Share of ₹2,981.94 can be compared against companies in the Hardware 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 Hardware company?
A good Cyclically Adjusted Revenue per Share depends on the Hardware 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 Dixon Technologies (India) and its competitors. Dixon Technologies (India)'s current Cyclically Adjusted Revenue per Share is ₹2,981.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dixon Technologies (India) stock overvalued right now?
Based on GuruFocus' analysis, Dixon Technologies (India) (NSE:DIXON) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹24,349.05, compared to a current price of ₹14,118.00 — trading 42% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₹2,981.94. Dixon Technologies (India)'s overall GF Score™ is 97/100 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 Dixon Technologies (India) (NSE:DIXON), the current Cyclically Adjusted Revenue per Share is ₹2,981.94 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 Dixon Technologies (India) (NSE:DIXON) Overvalued in 2026?

Based on GuruFocus' analysis, Dixon Technologies (India) stock appears to be undervalued. The current stock price of ₹14,118.00 is trading 42% below its estimated GF Value™ of ₹24,349.05. GuruFocus considers Dixon Technologies (India) to be Significantly Undervalued.

Key valuation signals for NSE:DIXON:

  • Cyclically Adjusted Revenue per Share: ₹2,981.94
  • GF Value™: ₹24,349.05 vs. price of ₹14,118.00 (42% below fair value)
  • GF Score™: 97/100 with 3 warning signs

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


Dixon Technologies (India) Business Description

Other Exchanges 540699:India
Address B-14 and 15, Phase-II, District Gautam Buddha Nagar, Noida, UP, IND, 201 305
Dixon Technologies (India) Ltd provides electronic manufacturing services (EMS) to its customers, serving as an original equipment manufacturer (OEM) as well as an original design manufacturer (ODM) for various brands. It is engaged in the in manufacturing of electronic goods such as consumer durables, home appliances, lighting products and mobile phones. It operates in single operating segment: Electronics Goods. The company engages in domestic sales of goods as well as exports its products outside India, of which a majority of its revenue is generated from the domestic market.
97GF Score

Get the complete analysis for NSE:DIXON

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

₹14,118.00
Price
₹24,349.05
GF Value