Asahi Group Holdings (STU:ABW) Cyclically Adjusted Revenue per Share: €9.48 (As of Dec. 2025)

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STU:ABW Asahi Group Holdings Ltd STU:ABW
79 GF Score
Price €8.84
GF Value €10.70
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Asahi Group Holdings Cyclically Adjusted Revenue per Share?

Asahi Group Holdings STU:ABW +0.75% 79 Cyclically Adjusted Revenue per Share is €9.48 as of Dec. 2025. GuruFocus rates STU:ABW with a GF Score™ of 79/100 and a GF Value™ of €10.70 (Modestly Undervalued). 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.

Asahi Group Holdings's adjusted revenue per share for the three months ended in Dec. 2025 was €2.709. 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 €9.48 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Asahi Group Holdings's average Cyclically Adjusted Revenue Growth Rate was 5.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.10% 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 Asahi Group Holdings was 6.80% per year. The lowest was 2.70% per year. And the median was 3.90% per year.

As of today (2026-07-22), Asahi Group Holdings's current stock price is €8.844. Asahi Group Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was €9.48. Asahi Group Holdings's Cyclically Adjusted PS Ratio of today is 0.93.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Asahi Group Holdings was 1.64. The lowest was 0.81. And the median was 1.15.


Asahi Group Holdings  (STU:ABW) 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.

Asahi Group Holdings's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=8.844/9.48
=0.93

* 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 Asahi Group Holdings was 1.64. The lowest was 0.81. And the median was 1.15.


Be Aware

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


Asahi Group Holdings Cyclically Adjusted Revenue per Share Related Terms


Asahi Group Holdings Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Asahi Group Holdings'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.

Asahi Group Holdings Cyclically Adjusted Revenue per Share Chart

Asahi Group Holdings 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 10.40 10.36 9.92 10.09 9.48

Asahi Group Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 10.09 10.41 9.98 9.91 9.48

STU:ABW vs BUD, STZ, TAP: Cyclically Adjusted Revenue per Share Comparison

For the Beverages - Brewers subindustry, Asahi Group Holdings'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.


Asahi Group Holdings Cyclically Adjusted PS Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Asahi Group Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Asahi Group Holdings's Cyclically Adjusted PS Ratio falls into.


STU:ABW
79GF Score
Asahi Group Holdings Ltd STU:ABW
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asahi Group Holdings 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, Asahi Group Holdings's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=2.709/113.0000*113.0000
=2.709

Current CPI (Dec. 2025) = 113.0000.

Asahi Group Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 2.001 97.900 2.310
201606 2.661 98.100 3.065
201609 2.857 98.000 3.294
201612 2.851 98.400 3.274
201703 2.284 98.100 2.631
201706 3.259 98.500 3.739
201709 3.221 98.800 3.684
201712 3.065 99.400 3.484
201803 2.460 99.200 2.802
201806 3.186 99.200 3.629
201809 3.191 99.900 3.609
201812 3.088 99.700 3.500
201903 2.488 99.700 2.820
201906 3.304 99.800 3.741
201909 3.482 100.100 3.931
201912 3.232 100.500 3.634
202003 2.502 100.300 2.819
202006 2.794 99.900 3.160
202009 3.429 99.900 3.879
202012 2.899 99.300 3.299
202103 2.321 99.900 2.625
202106 2.860 99.500 3.248
202109 2.978 100.100 3.362
202112 3.149 100.100 3.555
202203 2.502 101.100 2.796
202206 3.040 101.800 3.374
202209 3.239 103.100 3.550
202212 3.043 104.100 3.303
202303 2.557 104.400 2.768
202306 2.992 105.200 3.214
202309 3.210 106.200 3.416
202312 3.125 106.800 3.306
202403 2.491 107.200 2.626
202406 2.951 108.200 3.082
202409 3.271 108.900 3.394
202412 3.158 110.700 3.224
202503 2.603 111.100 2.648
202506 2.910 111.700 2.944
202509 3.048 112.000 3.075
202512 2.709 113.000 2.709

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 €9.48 mean?
Asahi Group Holdings (STU:ABW) has a Cyclically Adjusted Revenue per Share of €9.48 as of Dec. 2025. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Asahi Group Holdings and its competitors.
Is Asahi Group Holdings' Cyclically Adjusted Revenue per Share too high?
Asahi Group Holdings' current Cyclically Adjusted Revenue per Share is €9.48. Overall, Asahi Group Holdings has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Group Holdings' Cyclically Adjusted Revenue per Share compare to BUD and STZ?
Asahi Group Holdings' Cyclically Adjusted Revenue per Share of €9.48 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Cyclically Adjusted Revenue per Share depends on the Beverages - Alcoholic 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 Asahi Group Holdings and its competitors. Asahi Group Holdings's current Cyclically Adjusted Revenue per Share is €9.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asahi Group Holdings (STU:ABW) is currently considered Modestly Undervalued. The stock's GF Value™ is €10.70, compared to a current price of €8.84 — trading 17.3% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €9.48. Asahi Group Holdings' overall GF Score™ is 79/100 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 Asahi Group Holdings (STU:ABW), the current Cyclically Adjusted Revenue per Share is €9.48 as of Dec. 2025. 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 Asahi Group Holdings (STU:ABW) Overvalued in 2026?

Based on GuruFocus' analysis, Asahi Group Holdings stock appears to be undervalued. The current stock price of €8.84 is trading 17.3% below its estimated GF Value™ of €10.70. GuruFocus considers Asahi Group Holdings to be Modestly Undervalued.

Key valuation signals for STU:ABW:

  • Cyclically Adjusted Revenue per Share: €9.48
  • GF Value™: €10.70 vs. price of €8.84 (17.3% below fair value)
  • GF Score™: 79/100 with 4 warning signs

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


Asahi Group Holdings Business Description

Address 1-23-1 Azumabashi, Sumida-ku, Tokyo, JPN, 130-8602
Asahi is the largest brewer in Japan with a nearly 40% market share, led by its Asahi Super Dry brand. It also operates a wide range of alcoholic and soft beverage products as well as packaged foods, mainly in Japan. Overseas markets accounted for over half of the company's revenue and close to 60% of operating profit, with Australia and Europe being two major markets. It acquired SABMiller's brands including Peroni and Pilsner Urquell in Western and Central Europe in 2016 and 2017 from Anheuser-Busch InBev. In Australia, Asahi holds market leaderships across beer and soft drinks segments, through its acquisitions of Schweppes Australia in 2009 and Carlton & United Breweries in 2020.
79GF Score

Get the complete analysis for STU:ABW

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

€8.84
Price
€10.70
GF Value