Tivoli AS (OCSE:TIV) Cyclically Adjusted Revenue per Share: kr197.32 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

OCSE:TIV Tivoli AS OCSE:TIV
82 GF Score
Price kr632.00
GF Value kr742.51
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Tivoli AS Cyclically Adjusted Revenue per Share?

Tivoli AS OCSE:TIV +0.32% 82 Cyclically Adjusted Revenue per Share is kr197.32 as of Mar. 2026. GuruFocus rates OCSE:TIV with a GF Score™ of 82/100 and a GF Value™ of kr742.51 (Modestly Undervalued). The stock has 1 warning sign 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.

Tivoli AS's adjusted revenue per share for the three months ended in Mar. 2026 was kr14.216. 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 kr197.32 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Tivoli AS's average Cyclically Adjusted Revenue Growth Rate was 3.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.70% 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 Tivoli AS was 9.00% per year. The lowest was 4.80% per year. And the median was 7.70% per year.

As of today (2026-07-23), Tivoli AS's current stock price is kr632.00. Tivoli AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was kr197.32. Tivoli AS's Cyclically Adjusted PS Ratio of today is 3.20.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tivoli AS was 6.37. The lowest was 3.00. And the median was 4.76.


Tivoli AS  (OCSE:TIV) 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.

Tivoli AS's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=632.00/197.32
=3.20

* 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 Tivoli AS was 6.37. The lowest was 3.00. And the median was 4.76.


Be Aware

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


Tivoli AS Cyclically Adjusted Revenue per Share Related Terms


Tivoli AS Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Tivoli AS'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.

Tivoli AS Cyclically Adjusted Revenue per Share Chart

Tivoli AS 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 151.87 171.17 179.19 188.82 196.75

Tivoli AS 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 190.27 192.43 195.10 196.75 197.32

OCSE:TIV vs AS, HAS, LTH: Cyclically Adjusted Revenue per Share Comparison

For the Leisure subindustry, Tivoli AS'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.


Tivoli AS Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tivoli AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


OCSE:TIV
82GF Score
Tivoli AS OCSE:TIV
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tivoli AS 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, Tivoli AS'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)
=14.216/121.6800*121.6800
=14.216

Current CPI (Mar. 2026) = 121.6800.

Tivoli AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 42.657 100.600 51.595
201609 52.549 100.200 63.814
201612 53.926 100.300 65.421
201703 14.739 101.200 17.722
201706 43.900 101.200 52.784
201709 53.771 101.800 64.272
201712 52.335 101.300 62.864
201803 20.684 101.700 24.748
201806 50.531 102.300 60.104
201809 59.285 102.400 70.447
201812 54.561 102.100 65.024
201903 19.227 102.900 22.736
201906 51.163 102.900 60.501
201909 59.735 102.900 70.637
201912 54.032 102.900 63.893
202003 19.417 103.300 22.872
202006 9.150 103.200 10.788
202009 32.867 103.500 38.640
202012 22.162 103.400 26.080
202103 2.883 104.300 3.363
202106 24.157 105.000 27.995
202109 50.018 105.800 57.525
202112 48.909 106.600 55.828
202203 9.131 109.900 10.110
202206 59.061 113.600 63.262
202209 67.295 116.400 70.348
202212 59.997 115.900 62.989
202303 10.831 117.300 11.235
202306 61.808 116.400 64.612
202309 75.245 117.400 77.988
202312 64.338 116.700 67.084
202403 15.771 118.400 16.208
202406 64.186 118.500 65.908
202409 75.972 118.900 77.748
202412 74.262 118.900 75.998
202503 12.190 120.200 12.340
202506 65.360 120.700 65.891
202509 77.095 121.600 77.146
202512 80.147 121.200 80.464
202603 14.216 121.680 14.216

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 kr197.32 mean?
Tivoli AS (OCSE:TIV) has a Cyclically Adjusted Revenue per Share of kr197.32 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 Tivoli AS and its competitors.
Is Tivoli AS's Cyclically Adjusted Revenue per Share too high?
Tivoli AS's current Cyclically Adjusted Revenue per Share is kr197.32. Overall, Tivoli AS has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tivoli AS's Cyclically Adjusted Revenue per Share compare to AS and HAS?
Tivoli AS's Cyclically Adjusted Revenue per Share of kr197.32 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Cyclically Adjusted Revenue per Share depends on the Travel & Leisure 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 Tivoli AS and its competitors. Tivoli AS's current Cyclically Adjusted Revenue per Share is kr197.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tivoli AS stock overvalued right now?
Based on GuruFocus' analysis, Tivoli AS (OCSE:TIV) is currently considered Modestly Undervalued. The stock's GF Value™ is kr742.51, compared to a current price of kr632.00 — trading 14.9% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is kr197.32. Tivoli AS's overall GF Score™ is 82/100 with 1 warning sign 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 Tivoli AS (OCSE:TIV), the current Cyclically Adjusted Revenue per Share is kr197.32 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 Tivoli AS (OCSE:TIV) Overvalued in 2026?

Based on GuruFocus' analysis, Tivoli AS stock appears to be undervalued. The current stock price of kr632.00 is trading 14.9% below its estimated GF Value™ of kr742.51. GuruFocus considers Tivoli AS to be Modestly Undervalued.

Key valuation signals for OCSE:TIV:

  • Cyclically Adjusted Revenue per Share: kr197.32
  • GF Value™: kr742.51 vs. price of kr632.00 (14.9% below fair value)
  • GF Score™: 82/100 with 1 warning sign

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


Tivoli AS Business Description

Address Vesterbrogade 3, Copenhagen, DNK, 1630
Tivoli AS operates Tivoli amusement park, located in central Copenhagen. It provides services like rides, music, entertainment, food, and drink. Its amusement park includes a green park, a concert hall, a theatre, and a circus. The company operates in six business segments: Games, Food & Beverage, High-End, Enterprise Rental, Sales, and Culture. It generates the majority of its revenue from the Sales segment.
82GF Score

Get the complete analysis for OCSE:TIV

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

kr632.00
Price
kr742.51
GF Value