Avenue Supermarts (NSE:DMART) Cyclically Adjusted Revenue per Share: ₹687.12 (As of Mar. 2026)


NSE:DMART Avenue Supermarts Ltd NSE:DMART
98 GF Score
Price ₹3,994.40
GF Value ₹5,546.74
Valuation Modestly Undervalued
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What is Avenue Supermarts Cyclically Adjusted Revenue per Share?

Avenue Supermarts NSE:DMART -4.60% 98 Cyclically Adjusted Revenue per Share is ₹687.12 as of Mar. 2026. GuruFocus rates NSE:DMART with a GF Score™ of 98/100 and a GF Value™ of ₹5,546.74 (Modestly Undervalued).

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.

Avenue Supermarts's adjusted revenue per share for the three months ended in Mar. 2026 was ₹271.753. 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 ₹687.12 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 (2026-07-04), Avenue Supermarts's current stock price is ₹3994.40. Avenue Supermarts's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹687.12. Avenue Supermarts's Cyclically Adjusted PS Ratio of today is 5.81.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Avenue Supermarts was 6.73. The lowest was 5.80. And the median was 6.34.


Avenue Supermarts  (NSE:DMART) 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.

Avenue Supermarts's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=3994.40/687.12
=5.81

* 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 Avenue Supermarts was 6.73. The lowest was 5.80. And the median was 6.34.


Be Aware

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


Avenue Supermarts Cyclically Adjusted Revenue per Share Related Terms


Avenue Supermarts Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Avenue Supermarts'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.

Avenue Supermarts Cyclically Adjusted Revenue per Share Chart

Avenue Supermarts 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 0.00 687.12

Avenue Supermarts 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 0.00 687.12

NSE:DMART vs WMT, COST, TGT: Cyclically Adjusted Revenue per Share Comparison

For the Discount Stores subindustry, Avenue Supermarts'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.


Avenue Supermarts Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Avenue Supermarts's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:DMART
98GF Score
Avenue Supermarts Ltd NSE:DMART
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Avenue Supermarts 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, Avenue Supermarts'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)
=271.753/164.2724*164.2724
=271.753

Current CPI (Mar. 2026) = 164.2724.

Avenue Supermarts Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201203 0.000 76.889 0.000
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201612 0.000 105.196 0.000
201703 51.007 105.196 79.652
201803 0.000 109.786 0.000
201806 72.276 111.317 106.659
201809 77.188 115.142 110.124
201812 86.570 115.142 123.509
201903 80.383 118.202 111.713
201906 91.963 120.880 124.975
201909 94.877 123.175 126.533
201912 107.983 126.235 140.520
202003 97.068 124.705 127.866
202006 59.086 127.000 76.427
202009 81.243 130.118 102.568
202012 115.584 130.889 145.064
202103 112.758 131.771 140.570
202106 79.347 134.084 97.211
202109 119.316 135.847 144.282
202112 141.129 138.161 167.802
202203 133.257 138.822 157.687
202206 153.788 142.347 177.475
202209 162.886 144.661 184.968
202212 177.161 145.763 199.658
202303 161.839 146.865 181.022
202306 182.282 150.280 199.254
202309 193.751 151.492 210.097
202312 208.124 152.924 223.568
202403 193.998 153.035 208.244
202406 206.541 155.789 217.788
202409 221.404 157.882 230.365
202412 244.978 158.323 254.184
202503 228.112 157.552 237.843
202506 250.802 159.755 257.894
202509 255.375 162.289 258.496
202512 277.672 163.281 279.358
202603 271.753 164.272 271.753

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 ₹687.12 mean?
Avenue Supermarts (NSE:DMART) has a Cyclically Adjusted Revenue per Share of ₹687.12 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 Avenue Supermarts and its competitors.
Is Avenue Supermarts' Cyclically Adjusted Revenue per Share too high?
Avenue Supermarts' current Cyclically Adjusted Revenue per Share is ₹687.12. Overall, Avenue Supermarts has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Avenue Supermarts' Cyclically Adjusted Revenue per Share compare to WMT and COST?
Avenue Supermarts' Cyclically Adjusted Revenue per Share of ₹687.12 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Cyclically Adjusted Revenue per Share depends on the Retail - Defensive 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 Avenue Supermarts and its competitors. Avenue Supermarts's current Cyclically Adjusted Revenue per Share is ₹687.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avenue Supermarts stock overvalued right now?
Based on GuruFocus' analysis, Avenue Supermarts (NSE:DMART) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹5,546.74, compared to a current price of ₹3,994.40 — trading 28% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₹687.12. Avenue Supermarts' overall GF Score™ is 98/100. 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 Avenue Supermarts (NSE:DMART), the current Cyclically Adjusted Revenue per Share is ₹687.12 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 Avenue Supermarts (NSE:DMART) Overvalued in 2026?

Based on GuruFocus' analysis, Avenue Supermarts stock appears to be undervalued. The current stock price of ₹3,994.40 is trading 28% below its estimated GF Value™ of ₹5,546.74. GuruFocus considers Avenue Supermarts to be Modestly Undervalued.

Key valuation signals for NSE:DMART:

  • Cyclically Adjusted Revenue per Share: ₹687.12
  • GF Value™: ₹5,546.74 vs. price of ₹3,994.40 (28% below fair value)
  • GF Score™: 98/100

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


Avenue Supermarts Business Description

Other Exchanges 540376:India
Address Road No. 33, Kamgar Hospital Road, Plot No. B-72 and B-72A, Wagle Industrial Estate, Thane, MH, IND, 400604
Avenue Supermarts Ltd is an India-based company engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart. It provides products under the categories of Foods, Non-Foods (FMCG) and General Merchandise and Apparel. Foods category includes products such as dairy, staples, groceries, snacks, frozen products, processed foods, beverages and confectionary and fruits and vegetables. Non-Foods (FMCG) comprises home care products, personal care products, toiletries and other over-the-counter products. General Merchandise and Apparel include bed and bath, toys and games, crockery, plastic goods, garments, footwear, utensils and home appliances. The business operations of the company are principally carried out in India.
98GF Score

Get the complete analysis for NSE:DMART

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

₹3,994.40
Price
₹5,546.74
GF Value