SalMar ASA (OSL:SALM) Cyclically Adjusted Revenue per Share: kr166.58 (As of Mar. 2026)

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OSL:SALM SalMar ASA OSL:SALM
98 GF Score
Price kr490.80
GF Value kr615.20
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is SalMar ASA Cyclically Adjusted Revenue per Share?

SalMar ASA OSL:SALM -0.04% 98 Cyclically Adjusted Revenue per Share is kr166.58 as of Mar. 2026. GuruFocus rates OSL:SALM with a GF Score™ of 98/100 and a GF Value™ of kr615.20 (Modestly Undervalued). The stock has 6 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.

SalMar ASA's adjusted revenue per share for the three months ended in Mar. 2026 was kr47.773. 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 kr166.58 for the trailing ten years ended in Mar. 2026.

During the past 12 months, SalMar ASA's average Cyclically Adjusted Revenue Growth Rate was 11.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 13.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 14.90% 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 SalMar ASA was 17.10% per year. The lowest was 11.90% per year. And the median was 14.35% per year.

As of today (2026-07-19), SalMar ASA's current stock price is kr490.80. SalMar ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was kr166.58. SalMar ASA's Cyclically Adjusted PS Ratio of today is 2.95.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of SalMar ASA was 7.98. The lowest was 2.68. And the median was 5.37.


SalMar ASA  (OSL:SALM) 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.

SalMar ASA's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=490.80/166.58
=2.95

* 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 SalMar ASA was 7.98. The lowest was 2.68. And the median was 5.37.


Be Aware

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


SalMar ASA Cyclically Adjusted Revenue per Share Related Terms


SalMar ASA Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for SalMar ASA'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.

SalMar ASA Cyclically Adjusted Revenue per Share Chart

SalMar ASA 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 94.60 112.08 131.58 145.78 162.00

SalMar ASA 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 149.13 153.49 157.82 162.00 166.58

OSL:SALM vs ADM, BG, TSN: Cyclically Adjusted Revenue per Share Comparison

For the Farm Products subindustry, SalMar ASA'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.


SalMar ASA Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, SalMar ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


OSL:SALM
98GF Score
SalMar ASA OSL:SALM
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SalMar ASA 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, SalMar ASA'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)
=47.773/141.0300*141.0300
=47.773

Current CPI (Mar. 2026) = 141.0300.

SalMar ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 20.329 103.800 27.620
201609 20.091 104.200 27.192
201612 21.409 104.400 28.921
201703 21.582 105.000 28.988
201706 26.026 105.800 34.692
201709 23.757 105.900 31.638
201712 24.119 106.100 32.059
201803 22.438 107.300 29.491
201806 26.075 108.500 33.893
201809 24.508 109.500 31.565
201812 27.052 109.800 34.746
201903 26.241 110.400 33.521
201906 29.198 110.600 37.231
201909 24.699 111.100 31.353
201912 27.898 111.300 35.350
202003 32.071 111.200 40.674
202006 29.267 112.100 36.820
202009 25.900 112.900 32.353
202012 26.425 112.900 33.009
202103 28.125 114.600 34.611
202106 27.601 115.300 33.760
202109 34.115 117.500 40.947
202112 39.034 118.900 46.299
202203 39.736 119.800 46.778
202206 35.429 122.600 40.755
202209 41.182 125.600 46.241
202212 49.968 125.900 55.973
202303 51.647 127.600 57.083
202306 44.701 130.400 48.345
202309 56.771 129.800 61.683
202312 60.842 131.900 65.053
202403 49.117 132.600 52.240
202406 44.227 133.800 46.617
202409 46.652 133.700 49.210
202412 59.619 134.800 62.374
202503 39.005 136.100 40.418
202506 46.780 137.800 47.877
202509 58.321 138.500 59.386
202512 60.384 139.100 61.222
202603 47.773 141.030 47.773

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 kr166.58 mean?
SalMar ASA (OSL:SALM) has a Cyclically Adjusted Revenue per Share of kr166.58 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 SalMar ASA and its competitors.
Is SalMar ASA's Cyclically Adjusted Revenue per Share too high?
SalMar ASA's current Cyclically Adjusted Revenue per Share is kr166.58. Overall, SalMar ASA has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SalMar ASA's Cyclically Adjusted Revenue per Share compare to ADM and BG?
SalMar ASA's Cyclically Adjusted Revenue per Share of kr166.58 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Cyclically Adjusted Revenue per Share depends on the Consumer Packaged Goods 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 SalMar ASA and its competitors. SalMar ASA's current Cyclically Adjusted Revenue per Share is kr166.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SalMar ASA stock overvalued right now?
Based on GuruFocus' analysis, SalMar ASA (OSL:SALM) is currently considered Modestly Undervalued. The stock's GF Value™ is kr615.20, compared to a current price of kr490.80 — trading 20.2% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is kr166.58. SalMar ASA's overall GF Score™ is 98/100 with 6 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 SalMar ASA (OSL:SALM), the current Cyclically Adjusted Revenue per Share is kr166.58 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 SalMar ASA (OSL:SALM) Overvalued in 2026?

Based on GuruFocus' analysis, SalMar ASA stock appears to be undervalued. The current stock price of kr490.80 is trading 20.2% below its estimated GF Value™ of kr615.20. GuruFocus considers SalMar ASA to be Modestly Undervalued.

Key valuation signals for OSL:SALM:

  • Cyclically Adjusted Revenue per Share: kr166.58
  • GF Value™: kr615.20 vs. price of kr490.80 (20.2% below fair value)
  • GF Score™: 98/100 with 6 warning signs

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


SalMar ASA Business Description

Address Industriveien 51, Kverva, NOR, 7266
SalMar ASA produces and sells farmed salmon internationally. It operates hatcheries and controls the farming at all stages until the fish are ready to be harvested, processed, and packaged into various products. Products are developed with new mixes and packing methods to make them more convenient for customers. The salmon are sold through an in-house salesforce and close partners of the company. Proximity to customers and tracking the use of resources play a factor in delivering the raw material.
98GF Score

Get the complete analysis for OSL:SALM

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

kr490.80
Price
kr615.20
GF Value