ANA Holdings (TSE:9202) Cyclically Adjusted Revenue per Share: 円4,791.01 (As of Jun. 2026)

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TSE:9202 ANA Holdings Inc TSE:9202
82 GF Score
Price 円3,126.00
GF Value 円3,424.49
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is ANA Holdings Cyclically Adjusted Revenue per Share?

ANA Holdings TSE:9202 +1.23% 82 Cyclically Adjusted Revenue per Share is 円4,791.01 as of Jun. 2026. GuruFocus rates TSE:9202 with a GF Score™ of 82/100 and a GF Value™ of 円3,424.49 (Fairly Valued). The stock has 3 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.

ANA Holdings's adjusted revenue per share for the three months ended in Jun. 2026 was 円1,232.407. 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4,791.01 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 0.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -0.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -1.70% 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 ANA Holdings was 0.80% per year. The lowest was -4.90% per year. And the median was -1.05% per year.

As of today (2026-08-16), ANA Holdings's current stock price is 円3126.00. ANA Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was 円4,791.01. ANA Holdings's Cyclically Adjusted PS Ratio of today is 0.65.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of ANA Holdings was 0.88. The lowest was 0.40. And the median was 0.62.


ANA Holdings  (TSE:9202) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=3126.00/4791.01
=0.65

* 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 ANA Holdings was 0.88. The lowest was 0.40. And the median was 0.62.


Be Aware

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


ANA Holdings Cyclically Adjusted Revenue per Share Related Terms


ANA Holdings Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for ANA 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.

ANA Holdings Cyclically Adjusted Revenue per Share Chart

ANA Holdings 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 4,728.97 4,700.39 4,720.61 4,796.41 4,763.62

ANA Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 4,792.83 4,766.65 4,789.56 4,763.62 4,791.01

TSE:9202 vs DAL, UAL, LUV: Cyclically Adjusted Revenue per Share Comparison

For the Airlines subindustry, ANA 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.


ANA Holdings Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, ANA Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSE:9202
82GF Score
ANA Holdings Inc TSE:9202
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ANA 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, ANA Holdings's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1232.407/113.6000*113.6000
=1,232.407

Current CPI (Jun. 2026) = 113.6000.

ANA Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1,373.096 98.000 1,591.670
201612 1,276.163 98.400 1,473.294
201703 1,237.707 98.100 1,433.267
201706 1,289.450 98.500 1,487.122
201709 1,527.470 98.800 1,756.281
201712 1,482.615 99.400 1,694.417
201803 1,427.762 99.200 1,635.018
201806 1,449.022 99.200 1,659.364
201809 1,653.060 99.900 1,879.756
201812 1,584.936 99.700 1,805.905
201903 1,463.948 99.700 1,668.049
201906 1,495.692 99.800 1,702.511
201909 1,659.962 100.100 1,883.833
201912 1,572.438 100.500 1,777.403
202003 1,171.978 100.300 1,327.385
202006 363.520 99.900 413.372
202009 508.819 99.900 578.597
202012 511.642 99.300 585.323
202103 427.493 99.900 486.118
202106 422.908 99.500 482.838
202109 493.711 100.100 560.295
202112 652.546 100.100 740.552
202203 600.160 101.100 674.364
202206 664.468 101.800 741.489
202209 828.802 103.100 913.210
202212 895.829 104.100 977.581
202303 859.176 104.400 934.889
202306 885.813 105.200 956.543
202309 1,042.621 106.200 1,115.271
202312 1,037.512 106.800 1,103.571
202403 981.384 107.200 1,039.974
202406 1,232.965 108.200 1,294.499
202409 1,099.853 108.900 1,147.321
202412 1,143.387 110.700 1,173.340
202503 1,062.123 111.100 1,086.023
202506 1,049.449 111.700 1,067.300
202509 1,226.805 112.000 1,244.331
202512 1,311.406 113.000 1,318.369
202603 1,257.228 112.700 1,267.268
202606 1,232.407 113.600 1,232.407

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4,791.01 mean?
ANA Holdings (TSE:9202) has a Cyclically Adjusted Revenue per Share of 円4,791.01 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on ANA Holdings and its competitors.
Is ANA Holdings' Cyclically Adjusted Revenue per Share too high?
ANA Holdings' current Cyclically Adjusted Revenue per Share is 円4,791.01. Overall, ANA Holdings has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ANA Holdings' Cyclically Adjusted Revenue per Share compare to DAL and UAL?
ANA Holdings' Cyclically Adjusted Revenue per Share of 円4,791.01 can be compared against companies in the Transportation 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 Transportation company?
A good Cyclically Adjusted Revenue per Share depends on the Transportation 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 ANA Holdings and its competitors. ANA Holdings's current Cyclically Adjusted Revenue per Share is 円4,791.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANA Holdings stock overvalued right now?
Based on GuruFocus' analysis, ANA Holdings (TSE:9202) is currently considered Fairly Valued. The stock's GF Value™ is 円3,424.49, compared to a current price of 円3,126.00 — trading 8.7% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円4,791.01. ANA Holdings' overall GF Score™ is 82/100 with 3 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 ANA Holdings (TSE:9202), the current Cyclically Adjusted Revenue per Share is 円4,791.01 as of Jun. 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 ANA Holdings (TSE:9202) Overvalued in 2026?

Based on GuruFocus' analysis, ANA Holdings stock appears to be undervalued. The current stock price of 円3,126.00 is trading 8.7% below its estimated GF Value™ of 円3,424.49. GuruFocus considers ANA Holdings to be Fairly Valued.

Key valuation signals for TSE:9202:

  • Cyclically Adjusted Revenue per Share: 円4,791.01
  • GF Value™: 円3,424.49 vs. price of 円3,126.00 (8.7% below fair value)
  • GF Score™: 82/100 with 3 warning signs

No single metric tells the full story. See the TSE:9202 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ANA Holdings Business Description

Other Exchanges ALNPY:USAANCA:Germany
Address 1-5-2 Higashi-Shinbashi, Shiodome City Center, Minato-ku, Tokyo, JPN, 105-7140
ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. Air Japan, which was launched to provide discount flights to Southeast Asia, will cease in 2026. Prior to covid-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.
82GF Score

Get the complete analysis for TSE:9202

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

円3,126.00
Price
円3,424.49
GF Value