SZGPF (Salzgitter AG) Cyclically Adjusted Revenue per Share: $228.89 (As of Mar. 2026)

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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.
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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.

SZGPF Salzgitter AG SZGPF
56 GF Score
Price $57.97
GF Value $24.00
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Salzgitter AG Cyclically Adjusted Revenue per Share?

Salzgitter AG SZGPF 56 Cyclically Adjusted Revenue per Share is $228.89 as of Mar. 2026. GuruFocus rates SZGPF with a GF Score™ of 56/100 and a GF Value™ of $24.00 (Significantly Overvalued). 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.

Salzgitter AG's adjusted revenue per share for the three months ended in Mar. 2026 was $50.243. 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 $228.89 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Salzgitter AG's average Cyclically Adjusted Revenue Growth Rate was 1.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.40% 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 Salzgitter AG was 4.80% per year. The lowest was -0.40% per year. And the median was 1.40% per year.

As of today (2026-07-14), Salzgitter AG's current stock price is $57.965. Salzgitter AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $228.89. Salzgitter AG's Cyclically Adjusted PS Ratio of today is 0.25.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Salzgitter AG was 0.32. The lowest was 0.05. And the median was 0.16.


Salzgitter AG  (OTCPK:SZGPF) 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.

Salzgitter AG's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=57.965/228.89
=0.25

* 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 Salzgitter AG was 0.32. The lowest was 0.05. And the median was 0.16.


Be Aware

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


Salzgitter AG Cyclically Adjusted Revenue per Share Related Terms


Salzgitter AG Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Salzgitter AG'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.

Salzgitter AG Cyclically Adjusted Revenue per Share Chart

Salzgitter AG 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 200.92 193.49 272.85 258.86 227.39

Salzgitter AG 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 174.73 217.48 209.50 227.39 228.89

SZGPF vs NUE, STLD, RS: Cyclically Adjusted Revenue per Share Comparison

For the Steel subindustry, Salzgitter AG'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.


Salzgitter AG Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Salzgitter AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


SZGPF
56GF Score
Salzgitter AG SZGPF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Salzgitter AG 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, Salzgitter AG'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)
=50.243/131.2583*131.2583
=50.243

Current CPI (Mar. 2026) = 131.2583.

Salzgitter AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 42.576 100.717 55.487
201609 38.629 101.017 50.193
201612 32.569 101.217 42.236
201703 44.458 101.417 57.540
201706 45.267 102.117 58.185
201709 46.147 102.717 58.970
201712 42.442 102.617 54.288
201803 49.714 102.917 63.404
201806 47.336 104.017 59.733
201809 46.963 104.718 58.866
201812 45.304 104.217 57.059
201903 45.195 104.217 56.922
201906 42.041 105.718 52.198
201909 43.003 106.018 53.241
201912 31.927 105.818 39.603
202003 43.257 105.718 53.708
202006 31.792 106.618 39.139
202009 35.650 105.818 44.221
202012 41.053 105.518 51.068
202103 45.932 107.518 56.074
202106 52.199 108.486 63.156
202109 55.766 109.435 66.887
202112 57.708 110.384 68.621
202203 68.246 113.968 78.600
202206 64.239 115.760 72.839
202209 57.170 118.818 63.156
202212 54.604 119.345 60.055
202303 58.998 122.402 63.267
202306 57.749 123.140 61.556
202309 50.327 124.195 53.189
202312 48.083 123.773 50.991
202403 54.154 125.038 56.848
202406 50.784 125.882 52.953
202409 51.073 126.198 53.121
202412 44.169 127.041 45.635
202503 46.429 127.779 47.693
202506 49.860 128.412 50.965
202509 47.593 129.255 48.331
202512 45.537 129.361 46.205
202603 50.243 131.258 50.243

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 $228.89 mean?
Salzgitter AG (SZGPF) has a Cyclically Adjusted Revenue per Share of $228.89 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 Salzgitter AG and its competitors.
Is Salzgitter AG's Cyclically Adjusted Revenue per Share too high?
Salzgitter AG's current Cyclically Adjusted Revenue per Share is $228.89. Overall, Salzgitter AG has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Salzgitter AG's Cyclically Adjusted Revenue per Share compare to NUE and STLD?
Salzgitter AG's Cyclically Adjusted Revenue per Share of $228.89 can be compared against companies in the Steel 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 Steel company?
A good Cyclically Adjusted Revenue per Share depends on the Steel 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 Salzgitter AG and its competitors. Salzgitter AG's current Cyclically Adjusted Revenue per Share is $228.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Salzgitter AG stock overvalued right now?
Based on GuruFocus' analysis, Salzgitter AG (SZGPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $24.00, compared to a current price of $57.97 — trading 141.5% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is $228.89. Salzgitter AG's overall GF Score™ is 56/100 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 Salzgitter AG (SZGPF), the current Cyclically Adjusted Revenue per Share is $228.89 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 Salzgitter AG (SZGPF) Overvalued in 2026?

Based on GuruFocus' analysis, Salzgitter AG stock appears to be overvalued. The current stock price of $57.97 is trading 141.5% above its estimated GF Value™ of $24.00. GuruFocus considers Salzgitter AG to be Significantly Overvalued.

Key valuation signals for SZGPF:

  • Cyclically Adjusted Revenue per Share: $228.89
  • GF Value™: $24.00 vs. price of $57.97 (141.5% above fair value)
  • GF Score™: 56/100 with 4 warning signs

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


Salzgitter AG Business Description

Address Eisenhuttenstrasse 99, Salzgitter, DEU, 38239
Salzgitter AG operates as a holding company. It has four divisions: Steel Production, Steel Processing, Trading and Technology. The majority is derived from the Steel Production segment, which manufactures high-quality branded steel & special steel. Its core product offerings include strip steel articles, seamless and welded steel pipes and tubes, and heavy plate count.
56GF Score

Get the complete analysis for SZGPF

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

$57.97
Price
$24.00
GF Value