Religare Enterprises (NSE:RELIGARE) Cyclically Adjusted Revenue per Share: ₹142.96 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NSE:RELIGARE Religare Enterprises Ltd NSE:RELIGARE
73 GF Score
Price ₹234.75
GF Value ₹437.56
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Religare Enterprises Cyclically Adjusted Revenue per Share?

Religare Enterprises NSE:RELIGARE +0.17% 73 Cyclically Adjusted Revenue per Share is ₹142.96 as of Jun. 2026. GuruFocus rates NSE:RELIGARE with a GF Score™ of 73/100 and a GF Value™ of ₹437.56 (Possible Value Trap). The stock has 4 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.

Religare Enterprises's adjusted revenue per share for the three months ended in Jun. 2026 was ₹68.201. 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 ₹142.96 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Religare Enterprises's average Cyclically Adjusted Revenue Growth Rate was 9.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -0.10% 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 Religare Enterprises was -0.10% per year. The lowest was -3.90% per year. And the median was -2.00% per year.

As of today (2026-08-17), Religare Enterprises's current stock price is ₹234.75. Religare Enterprises's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹142.96. Religare Enterprises's Cyclically Adjusted PS Ratio of today is 1.64.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Religare Enterprises was 2.39. The lowest was 0.77. And the median was 1.59.


Religare Enterprises  (NSE:RELIGARE) 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.

Religare Enterprises's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=234.75/142.96
=1.64

* 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 Religare Enterprises was 2.39. The lowest was 0.77. And the median was 1.59.


Be Aware

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


Religare Enterprises Cyclically Adjusted Revenue per Share Related Terms


Religare Enterprises Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Religare Enterprises'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.

Religare Enterprises Cyclically Adjusted Revenue per Share Chart

Religare Enterprises 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 145.84 142.15 125.30 129.34 141.64

Religare Enterprises Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 130.44 135.68 137.42 141.64 142.96

NSE:RELIGARE vs AFL, MET, PRU: Cyclically Adjusted Revenue per Share Comparison

For the Insurance - Life subindustry, Religare Enterprises'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.


Religare Enterprises Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Religare Enterprises's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


NSE:RELIGARE
73GF Score
Religare Enterprises Ltd NSE:RELIGARE
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Religare Enterprises 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, Religare Enterprises's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=68.201/167.3573*167.3573
=68.201

Current CPI (Jun. 2026) = 167.3573.

Religare Enterprises Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 35.689 97.163 61.472
201506 33.863 99.841 56.763
201509 38.607 101.753 63.498
201512 36.480 102.901 59.331
201603 38.240 102.518 62.425
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 18.617 111.317 27.989
201809 18.603 115.142 27.039
201812 20.399 115.142 29.650
201903 12.197 118.202 17.269
201906 13.848 120.880 19.172
201909 20.034 123.175 27.220
201912 17.054 126.235 22.609
202003 0.652 124.705 0.875
202006 12.731 127.000 16.777
202009 17.076 130.118 21.963
202012 15.718 130.889 20.097
202103 19.393 131.771 24.630
202106 17.262 134.084 21.546
202109 21.699 135.847 26.732
202112 19.617 138.161 23.763
202203 22.349 138.822 26.943
202206 23.883 142.347 28.079
202209 26.512 144.661 30.672
202212 25.077 145.763 28.792
202303 37.264 146.865 42.464
202306 31.726 150.280 35.331
202309 38.718 151.492 42.773
202312 37.049 152.924 40.546
202403 -83.243 153.035 -91.034
202406 41.633 155.789 44.725
202409 58.410 157.882 61.915
202412 50.269 158.323 53.138
202503 61.187 157.552 64.995
202506 56.078 159.755 58.747
202509 60.581 162.289 62.473
202512 61.754 163.281 63.296
202603 73.896 164.272 75.284
202606 68.201 167.357 68.201

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 ₹142.96 mean?
Religare Enterprises (NSE:RELIGARE) has a Cyclically Adjusted Revenue per Share of ₹142.96 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Religare Enterprises and its competitors.
Is Religare Enterprises' Cyclically Adjusted Revenue per Share too high?
Religare Enterprises' current Cyclically Adjusted Revenue per Share is ₹142.96. Overall, Religare Enterprises has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Religare Enterprises' Cyclically Adjusted Revenue per Share compare to AFL and MET?
Religare Enterprises' Cyclically Adjusted Revenue per Share of ₹142.96 can be compared against companies in the Insurance 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 Insurance company?
A good Cyclically Adjusted Revenue per Share depends on the Insurance 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 Religare Enterprises and its competitors. Religare Enterprises's current Cyclically Adjusted Revenue per Share is ₹142.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Religare Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Religare Enterprises (NSE:RELIGARE) is currently considered Possible Value Trap. The stock's GF Value™ is ₹437.56, compared to a current price of ₹234.75 — trading 46.4% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₹142.96. Religare Enterprises' overall GF Score™ is 73/100 with 4 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 Religare Enterprises (NSE:RELIGARE), the current Cyclically Adjusted Revenue per Share is ₹142.96 as of Jun. 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 Religare Enterprises (NSE:RELIGARE) Overvalued in 2026?

Based on GuruFocus' analysis, Religare Enterprises stock appears to be undervalued. The current stock price of ₹234.75 is trading 46.4% below its estimated GF Value™ of ₹437.56. GuruFocus considers Religare Enterprises to be Possible Value Trap.

Key valuation signals for NSE:RELIGARE:

  • Cyclically Adjusted Revenue per Share: ₹142.96
  • GF Value™: ₹437.56 vs. price of ₹234.75 (46.4% below fair value)
  • GF Score™: 73/100 with 4 warning signs

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


Religare Enterprises Business Description

Other Exchanges 532915:India
Address Plot No. A. 3, 4, 5, Club 125, Tower B, Sector - 125, Noida, UP, IND, 201301
Religare Enterprises Ltd is an India-based company that is principally engaged in providing diversified financial services, including loans to small and midsize enterprises, affordable housing finance, health insurance, capital markets, and wealth management. The company operates via various subsidiaries and operating entities such as Insurance (Health and Travel - Care Health Insurance Limited), Retail Broking (Religare Broking Limited), SME Finance (NBFC) Religare Finvest Limited, Housing Finance (Affordable) [Religare Housing Development Finance Corporation Limited]. It generates around two-thirds of total revenue from investment and financing activity. The company concentrates its business in India and generates the majority of revenue from the domestic market.
73GF Score

Get the complete analysis for NSE:RELIGARE

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

₹234.75
Price
₹437.56
GF Value