NEC (TSE:6701) Cyclically Adjusted Revenue per Share: 円2,584.19 (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.

TSE:6701 NEC Corp TSE:6701
78 GF Score
Price 円4,445.00
GF Value 円2,852.73
Valuation Significantly Overvalued
View Full Analysis

What is NEC Cyclically Adjusted Revenue per Share?

NEC TSE:6701 +4.61% 78 Cyclically Adjusted Revenue per Share is 円2,584.19 as of Mar. 2026. GuruFocus rates TSE:6701 with a GF Score™ of 78/100 and a GF Value™ of 円2,852.73 (Significantly Overvalued).

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.

NEC's adjusted revenue per share for the three months ended in Mar. 2026 was 円871.510. 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 円2,584.19 for the trailing ten years ended in Mar. 2026.

During the past 12 months, NEC's average Cyclically Adjusted Revenue Growth Rate was 2.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -0.20% 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 NEC was 3.00% per year. The lowest was -3.10% per year. And the median was -0.70% per year.

As of today (2026-07-27), NEC's current stock price is 円4445.00. NEC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円2,584.19. NEC's Cyclically Adjusted PS Ratio of today is 1.72.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of NEC was 2.38. The lowest was 0.19. And the median was 0.45.


NEC  (TSE:6701) 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.

NEC's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=4445.00/2584.19
=1.72

* 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 NEC was 2.38. The lowest was 0.19. And the median was 0.45.


Be Aware

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


NEC Cyclically Adjusted Revenue per Share Related Terms


NEC Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for NEC'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.

NEC Cyclically Adjusted Revenue per Share Chart

NEC Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,310.41 2,372.03 2,435.24 2,527.66 2,584.19

NEC 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 2,527.66 2,543.71 2,551.44 2,581.00 2,584.19

TSE:6701 vs IBM, ACN, FISV: Cyclically Adjusted Revenue per Share Comparison

For the Information Technology Services subindustry, NEC'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.


NEC Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, NEC's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:6701
78GF Score
NEC Corp TSE:6701
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NEC 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, NEC'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)
=871.51/112.7000*112.7000
=871.510

Current CPI (Mar. 2026) = 112.7000.

NEC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 399.207 98.100 458.620
201609 525.180 98.000 603.957
201612 456.722 98.400 523.095
201703 670.045 98.100 769.766
201706 448.302 98.500 512.930
201709 543.052 98.800 619.453
201712 525.911 99.400 596.279
201803 672.299 99.200 763.791
201806 471.927 99.200 536.151
201809 557.034 99.900 628.406
201812 537.697 99.700 607.808
201903 676.739 99.700 764.980
201906 503.529 99.800 568.614
201909 612.419 100.100 689.507
201912 559.782 100.500 627.736
202003 708.495 100.300 796.086
202006 452.840 99.900 510.862
202009 540.320 99.900 609.550
202012 535.358 99.300 607.602
202103 697.966 99.900 787.395
202106 478.547 99.500 542.033
202109 536.599 100.100 604.143
202112 523.788 100.100 589.719
202203 673.671 101.100 750.967
202206 484.283 101.800 536.136
202209 585.172 103.100 639.659
202212 607.211 104.100 657.374
202303 782.226 104.400 844.414
202306 530.542 105.200 568.366
202309 632.391 106.200 671.097
202312 633.857 106.800 668.873
202403 813.646 107.200 855.391
202406 518.077 108.200 539.624
202409 597.774 108.900 618.633
202412 626.799 110.700 638.123
202503 826.863 111.100 838.771
202506 537.022 111.700 541.830
202509 640.863 112.000 644.868
202512 639.494 113.000 637.796
202603 871.510 112.700 871.510

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 円2,584.19 mean?
NEC (TSE:6701) has a Cyclically Adjusted Revenue per Share of 円2,584.19 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 NEC and its competitors.
Is NEC's Cyclically Adjusted Revenue per Share too high?
NEC's current Cyclically Adjusted Revenue per Share is 円2,584.19. Overall, NEC has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NEC's Cyclically Adjusted Revenue per Share compare to IBM and ACN?
NEC's Cyclically Adjusted Revenue per Share of 円2,584.19 can be compared against companies in the Software 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 Software company?
A good Cyclically Adjusted Revenue per Share depends on the Software 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 NEC and its competitors. NEC's current Cyclically Adjusted Revenue per Share is 円2,584.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEC stock overvalued right now?
Based on GuruFocus' analysis, NEC (TSE:6701) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,852.73, compared to a current price of 円4,445.00 — trading 55.8% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円2,584.19. NEC's overall GF Score™ is 78/100. 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 NEC (TSE:6701), the current Cyclically Adjusted Revenue per Share is 円2,584.19 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 NEC (TSE:6701) Overvalued in 2026?

Based on GuruFocus' analysis, NEC stock appears to be overvalued. The current stock price of 円4,445.00 is trading 55.8% above its estimated GF Value™ of 円2,852.73. GuruFocus considers NEC to be Significantly Overvalued.

Key valuation signals for TSE:6701:

  • Cyclically Adjusted Revenue per Share: 円2,584.19
  • GF Value™: 円2,852.73 vs. price of 円4,445.00 (55.8% above fair value)
  • GF Score™: 78/100

No single metric tells the full story. See the TSE:6701 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NEC Business Description

Address 7-1, Shiba 5-chome, Minato-ku, Tokyo, JPN, 108-8001
NEC Corp is engaged in IT services, networks, social infrastructure, and solutions. The company operates through three segments: IT Services, Social Infrastructure, and Others. The IT Services segment provides system integration, consulting, maintenance, outsourcing, cloud services, system equipment, and software services. The Social Infrastructure segment offers network infrastructure, including core networks, mobile base stations, optical transmission systems, and marine systems, along with telecom software, OSS/BSS solutions, aerospace and defense system integration, and maintenance. The Others segment covers the development, manufacturing, and sales of system equipment. It generates the majority of its revenue from the IT Services segment.
78GF Score

Get the complete analysis for TSE:6701

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

円4,445.00
Price
円2,852.73
GF Value