Flowers Foods (STU:FWF) Cyclically Adjusted Revenue per Share: €22.20 (As of Dec. 2025)

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:FWF Flowers Foods Inc STU:FWF
54 GF Score
Price €5.41
GF Value €16.81
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Flowers Foods Cyclically Adjusted Revenue per Share?

Flowers Foods STU:FWF +2.12% 54 Cyclically Adjusted Revenue per Share is €22.20 as of Dec. 2025. GuruFocus rates STU:FWF with a GF Score™ of 54/100 and a GF Value™ of €16.81 (Significantly 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.

Flowers Foods's adjusted revenue per share for the three months ended in Dec. 2025 was €5.016. 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 €22.20 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Flowers Foods's average Cyclically Adjusted Revenue Growth Rate was 3.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.00% 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 Flowers Foods was 14.10% per year. The lowest was 3.30% per year. And the median was 7.40% per year.

As of today (2026-09-16), Flowers Foods's current stock price is €5.406. Flowers Foods's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was €22.20. Flowers Foods's Cyclically Adjusted PS Ratio of today is 0.24.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Flowers Foods was 1.40. The lowest was 0.24. And the median was 1.17.


Flowers Foods  (STU:FWF) 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.

Flowers Foods's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=5.406/22.198
=0.24

* 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 Flowers Foods was 1.40. The lowest was 0.24. And the median was 1.17.


Be Aware

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


Flowers Foods Cyclically Adjusted Revenue per Share Related Terms


Flowers Foods Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Flowers 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.

Flowers Foods Cyclically Adjusted Revenue per Share Chart

Flowers Foods 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 17.56 19.36 20.46 21.49 22.08

Flowers Foods Quarterly Data
Sep16 Dec16 Sep17 Dec17 Sep18 Dec18 Sep19 Dec19 Sep20 Dec20 Sep21 Dec21 Sep22 Dec22 Sep23 Dec23 Sep24 Dec24 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 20.55 21.54 21.62 22.25 22.20

STU:FWF vs SENEA, NOMD, JJSF: Cyclically Adjusted Revenue per Share Comparison

For the Packaged Foods subindustry, Flowers 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.


Flowers Foods Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

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

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


STU:FWF
54GF Score
Flowers Foods Inc STU:FWF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Flowers 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, Flowers Foods'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)
=5.016/324.0540*324.0540
=5.016

Current CPI (Dec. 2025) = 324.0540.

Flowers Foods Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200509 1.589 198.800 2.590
200512 1.585 196.800 2.610
200609 1.666 202.900 2.661
200612 1.644 201.800 2.640
200709 1.662 208.490 2.583
200712 1.566 210.036 2.416
200809 1.826 218.783 2.705
200812 2.223 210.228 3.427
200912 1.879 215.949 2.820
201009 2.230 218.439 3.308
201012 2.048 219.179 3.028
201109 2.324 226.889 3.319
201112 2.360 225.672 3.389
201209 2.737 231.407 3.833
201212 2.760 229.601 3.895
201309 3.124 234.149 4.324
201312 2.915 233.049 4.053
201409 3.006 238.031 4.092
201412 3.240 234.812 4.471
201512 3.654 236.525 5.006
201609 3.940 241.428 5.288
201612 3.843 241.432 5.158
201709 3.792 246.819 4.979
201712 3.516 246.524 4.622
201809 3.753 252.439 4.818
201812 3.644 251.233 4.700
201909 4.100 256.759 5.175
201912 3.909 256.974 4.929
202009 3.988 260.280 4.965
202012 4.037 260.474 5.022
202109 4.090 274.310 4.832
202112 4.036 278.802 4.691
202209 5.390 296.808 5.885
202212 4.988 296.797 5.446
202309 5.212 307.789 5.487
202312 4.946 306.746 5.225
202409 5.113 315.301 5.255
202412 4.909 315.605 5.040
202509 4.948 324.800 4.937
202512 5.016 324.054 5.016

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 €22.20 mean?
Flowers Foods (STU:FWF) has a Cyclically Adjusted Revenue per Share of €22.20 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 Flowers Foods and its competitors.
Is Flowers Foods' Cyclically Adjusted Revenue per Share too high?
Flowers Foods' current Cyclically Adjusted Revenue per Share is €22.20. Overall, Flowers Foods has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Flowers Foods' Cyclically Adjusted Revenue per Share compare to SENEA and NOMD?
Flowers Foods' Cyclically Adjusted Revenue per Share of €22.20 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 Flowers Foods and its competitors. Flowers Foods's current Cyclically Adjusted Revenue per Share is €22.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flowers Foods stock overvalued right now?
Based on GuruFocus' analysis, Flowers Foods (STU:FWF) is currently considered Significantly Undervalued. The stock's GF Value™ is €16.81, compared to a current price of €5.41 — trading 67.8% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €22.20. Flowers Foods' overall GF Score™ is 54/100 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 Flowers Foods (STU:FWF), the current Cyclically Adjusted Revenue per Share is €22.20 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 Flowers Foods (STU:FWF) Overvalued in 2026?

Based on GuruFocus' analysis, Flowers Foods stock appears to be undervalued. The current stock price of €5.41 is trading 67.8% below its estimated GF Value™ of €16.81. GuruFocus considers Flowers Foods to be Significantly Undervalued.

Key valuation signals for STU:FWF:

  • Cyclically Adjusted Revenue per Share: €22.20
  • GF Value™: €16.81 vs. price of €5.41 (67.8% below fair value)
  • GF Score™: 54/100 with 4 warning signs

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


Flowers Foods Business Description

Address 1919 Flowers Circle, Thomasville, GA, USA, 31757
Flowers Foods Inc operates as a producer and marketer of packaged bakery foods in the United States. Its principal products include breads, buns, rolls, snack items (bars, cakes, cookies, and crackers), bagels, English muffins, tortillas, and baking mixes. These products are sold under the brand names Nature's Own, Dave's Killer Bread (DKB), Canyon Bakehouse, Simple Mills, Wonder, and Tastykake. The company derives the majority of its revenue from the sales of its bakery products.
54GF Score

Get the complete analysis for STU:FWF

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

€5.41
Price
€16.81
GF Value