Cal-Maine Foods (STU:CM2) Cyclically Adjusted Revenue per Share: €41.04 (As of Feb. 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:CM2 Cal-Maine Foods Inc STU:CM2
83 GF Score
Price €76.94
GF Value €59.31
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Cal-Maine Foods Cyclically Adjusted Revenue per Share?

Cal-Maine Foods STU:CM2 +3.08% 83 Cyclically Adjusted Revenue per Share is €41.04 as of Feb. 2026. GuruFocus rates STU:CM2 with a GF Score™ of 83/100 and a GF Value™ of €59.31 (Modestly Overvalued). The stock has 5 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.

Cal-Maine Foods's adjusted revenue per share for the three months ended in Feb. 2026 was €11.900. 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 €41.04 for the trailing ten years ended in Feb. 2026.

During the past 12 months, Cal-Maine Foods's average Cyclically Adjusted Revenue Growth Rate was 5.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 7.00% 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 Cal-Maine Foods was 14.30% per year. The lowest was 3.80% per year. And the median was 10.20% per year.

As of today (2026-07-17), Cal-Maine Foods's current stock price is €76.94. Cal-Maine Foods's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2026 was €41.04. Cal-Maine Foods's Cyclically Adjusted PS Ratio of today is 1.87.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Cal-Maine Foods was 2.59. The lowest was 1.07. And the median was 1.47.


Cal-Maine Foods  (STU:CM2) 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.

Cal-Maine Foods's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=76.94/41.04
=1.87

* 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 Cal-Maine Foods was 2.59. The lowest was 1.07. And the median was 1.47.


Be Aware

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


Cal-Maine Foods Cyclically Adjusted Revenue per Share Related Terms


Cal-Maine Foods Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Cal-Maine Foods'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.

Cal-Maine Foods Cyclically Adjusted Revenue per Share Chart

Cal-Maine Foods Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.22 33.20 37.16 37.46 40.85

Cal-Maine Foods Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 43.16 40.85 40.75 41.27 41.04

STU:CM2 vs FDP, AGRO, DOLE: Cyclically Adjusted Revenue per Share Comparison

For the Farm Products subindustry, Cal-Maine Foods'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.


Cal-Maine Foods Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Cal-Maine Foods's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Cal-Maine Foods's Cyclically Adjusted PS Ratio falls into.


STU:CM2
83GF Score
Cal-Maine Foods Inc STU:CM2
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cal-Maine Foods 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, Cal-Maine Foods's adjusted Revenue per Share data for the three months ended in Feb. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=11.9/326.7850*326.7850
=11.900

Current CPI (Feb. 2026) = 326.7850.

Cal-Maine Foods Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201605 5.536 240.229 7.531
201608 4.434 240.849 6.016
201611 4.871 241.353 6.595
201702 5.945 243.603 7.975
201705 5.114 244.733 6.829
201708 4.606 245.519 6.131
201711 6.367 246.669 8.435
201802 7.282 248.991 9.557
201805 7.730 251.588 10.040
201808 6.079 252.146 7.878
201811 6.456 252.038 8.371
201902 6.970 252.776 9.011
201905 5.148 256.092 6.569
201908 4.475 256.558 5.700
201911 5.819 257.208 7.393
202002 6.522 258.678 8.239
202005 8.489 256.394 10.820
202008 5.101 259.918 6.413
202011 6.040 260.229 7.585
202102 6.103 263.014 7.583
202105 5.914 269.195 7.179
202108 5.654 273.567 6.754
202111 6.822 277.948 8.021
202202 8.579 283.716 9.881
202205 11.728 292.296 13.112
202208 13.312 296.171 14.688
202211 16.103 297.711 17.676
202302 19.075 300.840 20.720
202305 12.973 304.127 13.940
202308 8.624 307.026 9.179
202311 9.894 307.051 10.530
202402 13.333 310.326 14.040
202405 12.122 314.069 12.613
202408 14.567 314.796 15.122
202411 18.364 315.493 19.021
202502 27.792 319.082 28.463
202505 20.111 321.465 20.444
202508 16.366 323.976 16.508
202511 13.819 324.122 13.933
202602 11.900 326.785 11.900

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 €41.04 mean?
Cal-Maine Foods (STU:CM2) has a Cyclically Adjusted Revenue per Share of €41.04 as of Feb. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Cal-Maine Foods and its competitors.
Is Cal-Maine Foods' Cyclically Adjusted Revenue per Share too high?
Cal-Maine Foods' current Cyclically Adjusted Revenue per Share is €41.04. Overall, Cal-Maine Foods has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cal-Maine Foods' Cyclically Adjusted Revenue per Share compare to FDP and AGRO?
Cal-Maine Foods' Cyclically Adjusted Revenue per Share of €41.04 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 Cal-Maine Foods and its competitors. Cal-Maine Foods's current Cyclically Adjusted Revenue per Share is €41.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cal-Maine Foods stock overvalued right now?
Based on GuruFocus' analysis, Cal-Maine Foods (STU:CM2) is currently considered Modestly Overvalued. The stock's GF Value™ is €59.31, compared to a current price of €76.94 — trading 29.7% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €41.04. Cal-Maine Foods' overall GF Score™ is 83/100 with 5 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 Cal-Maine Foods (STU:CM2), the current Cyclically Adjusted Revenue per Share is €41.04 as of Feb. 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 Cal-Maine Foods (STU:CM2) Overvalued in 2026?

Based on GuruFocus' analysis, Cal-Maine Foods stock appears to be overvalued. The current stock price of €76.94 is trading 29.7% above its estimated GF Value™ of €59.31. GuruFocus considers Cal-Maine Foods to be Modestly Overvalued.

Key valuation signals for STU:CM2:

  • Cyclically Adjusted Revenue per Share: €41.04
  • GF Value™: €59.31 vs. price of €76.94 (29.7% above fair value)
  • GF Score™: 83/100 with 5 warning signs

No single metric tells the full story. See the STU:CM2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cal-Maine Foods Business Description

Other Exchanges CALM:USA1CALM:Italy
Address 1052 Highland Colony Parkway, Suite 200, Ridgeland, MS, USA, 39157
Cal-Maine Foods Inc produces and sells shell eggs. Its main market is the United States. The company's product portfolio contains nutritionally enhanced, cage-free, organic, and brown eggs. Cal-Maine Foods markets the shell eggs to a diverse group of customers, including grocery-store chains, club stores, and food service distributors. The company's brands are Egg-Land's, Land O' Lakes, Farmhouse, and 4-Grain. The Company has one reportable operating segment, which is the production, grading, packaging, marketing and distribution of shell eggs.
83GF Score

Get the complete analysis for STU:CM2

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

€76.94
Price
€59.31
GF Value