CD Projekt (STU:7CD0) Cyclically Adjusted Revenue per Share: €0.68 (As of Mar. 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.

STU:7CD0 CD Projekt SA STU:7CD0
85 GF Score
Price €14.70
GF Value €8.19
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is CD Projekt Cyclically Adjusted Revenue per Share?

CD Projekt STU:7CD0 +3.52% 85 Cyclically Adjusted Revenue per Share is €0.68 as of Mar. 2026. GuruFocus rates STU:7CD0 with a GF Score™ of 85/100 and a GF Value™ of €8.19 (Significantly Overvalued). 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.

CD Projekt's adjusted revenue per share for the three months ended in Mar. 2026 was €0.111. 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 €0.68 for the trailing ten years ended in Mar. 2026.

During the past 12 months, CD Projekt's average Cyclically Adjusted Revenue Growth Rate was -1.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 15.50% 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 CD Projekt was 34.60% per year. The lowest was 8.30% per year. And the median was 22.00% per year.

As of today (2026-08-08), CD Projekt's current stock price is €14.70. CD Projekt's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €0.68. CD Projekt's Cyclically Adjusted PS Ratio of today is 21.62.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of CD Projekt was 108.78. The lowest was 9.38. And the median was 22.17.


CD Projekt  (STU:7CD0) 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.

CD Projekt's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=14.70/0.68
=21.62

* 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 CD Projekt was 108.78. The lowest was 9.38. And the median was 22.17.


Be Aware

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


CD Projekt Cyclically Adjusted Revenue per Share Related Terms


CD Projekt Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for CD Projekt'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.

CD Projekt Cyclically Adjusted Revenue per Share Chart

CD Projekt 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 0.37 0.45 0.58 0.67 0.66

CD Projekt 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 0.69 0.64 0.67 0.66 0.68

STU:7CD0 vs NTES, EA, TTWO: Cyclically Adjusted Revenue per Share Comparison

For the Electronic Gaming & Multimedia subindustry, CD Projekt'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.


CD Projekt Cyclically Adjusted PS Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CD Projekt's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:7CD0
85GF Score
CD Projekt SA STU:7CD0
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CD Projekt 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, CD Projekt'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)
=0.111/163.0700*163.0700
=0.111

Current CPI (Mar. 2026) = 163.0700.

CD Projekt Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.141 99.552 0.231
201609 0.060 99.064 0.099
201612 0.097 100.366 0.158
201703 0.059 101.018 0.095
201706 0.095 101.180 0.153
201709 0.050 101.343 0.080
201712 0.073 102.564 0.116
201803 0.045 102.564 0.072
201806 0.054 103.378 0.085
201809 0.038 103.378 0.060
201812 0.076 103.785 0.119
201903 0.048 104.274 0.075
201906 0.076 105.983 0.117
201909 0.055 105.983 0.085
201912 0.125 107.123 0.190
202003 0.112 109.076 0.167
202006 0.099 109.402 0.148
202009 0.060 109.320 0.090
202012 0.984 109.565 1.465
202103 0.114 112.658 0.165
202106 0.160 113.960 0.229
202109 0.083 115.588 0.117
202112 0.158 119.088 0.216
202203 0.125 125.031 0.163
202206 0.095 131.705 0.118
202209 0.143 135.531 0.172
202212 0.192 139.113 0.225
202303 0.102 145.950 0.114
202306 0.089 147.009 0.099
202309 0.261 146.113 0.291
202312 0.272 147.741 0.300
202403 0.133 149.044 0.146
202406 0.116 150.997 0.125
202409 0.134 153.439 0.142
202412 0.086 154.660 0.091
202503 0.105 157.021 0.109
202506 0.154 157.509 0.159
202509 0.204 158.000 0.211
202512 0.044 158.320 0.045
202603 0.111 163.070 0.111

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 €0.68 mean?
CD Projekt (STU:7CD0) has a Cyclically Adjusted Revenue per Share of €0.68 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 CD Projekt and its competitors.
Is CD Projekt's Cyclically Adjusted Revenue per Share too high?
CD Projekt's current Cyclically Adjusted Revenue per Share is €0.68. Overall, CD Projekt has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CD Projekt's Cyclically Adjusted Revenue per Share compare to NTES and EA?
CD Projekt's Cyclically Adjusted Revenue per Share of €0.68 can be compared against companies in the Interactive Media 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 Interactive Media company?
A good Cyclically Adjusted Revenue per Share depends on the Interactive Media 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 CD Projekt and its competitors. CD Projekt's current Cyclically Adjusted Revenue per Share is €0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CD Projekt stock overvalued right now?
Based on GuruFocus' analysis, CD Projekt (STU:7CD0) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.19, compared to a current price of €14.70 — trading 79.5% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €0.68. CD Projekt's overall GF Score™ is 85/100 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 CD Projekt (STU:7CD0), the current Cyclically Adjusted Revenue per Share is €0.68 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 CD Projekt (STU:7CD0) Overvalued in 2026?

Based on GuruFocus' analysis, CD Projekt stock appears to be overvalued. The current stock price of €14.70 is trading 79.5% above its estimated GF Value™ of €8.19. GuruFocus considers CD Projekt to be Significantly Overvalued.

Key valuation signals for STU:7CD0:

  • Cyclically Adjusted Revenue per Share: €0.68
  • GF Value™: €8.19 vs. price of €14.70 (79.5% above fair value)
  • GF Score™: 85/100 with 3 warning signs

No single metric tells the full story. See the STU:7CD0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CD Projekt Business Description

Address ul. Jagiellonska 74, Building E, Warsaw, POL, 03-301
CD Projekt SA is the holding company of the CD Projekt capital group. The firm, with its subsidiary, develops and publishes video games for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital video game distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from the CD Projekt Red segment.
85GF Score

Get the complete analysis for STU:7CD0

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

€14.70
Price
€8.19
GF Value