Baytex Energy (TSX:BTE) Cyclically Adjusted Revenue per Share: C$ (As of Jun. 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.

TSX:BTE Baytex Energy Corp TSX:BTE
50 GF Score
Price C$6.56
GF Value C$2.72
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Baytex Energy Cyclically Adjusted Revenue per Share?

Baytex Energy TSX:BTE -0.59% 50 Cyclically Adjusted Revenue per Share is C$ as of Jun. 2026. GuruFocus rates TSX:BTE with a GF Score™ of 50/100 and a GF Value™ of C$2.72 (Significantly Overvalued). The stock has 7 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.

Baytex Energy's adjusted revenue per share for the three months ended in Jun. 2026 was C$0.757. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is C$ for the trailing ten years ended in Jun. 2026.

During the past 12 months, Baytex Energy's average Cyclically Adjusted Revenue Growth Rate was -7.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -12.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -10.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -8.30% 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 Baytex Energy was 8.90% per year. The lowest was -12.80% per year. And the median was -1.95% per year.

As of today (2026-09-21), Baytex Energy's current stock price is C$6.56. Baytex Energy's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was C$. Baytex Energy's Cyclically Adjusted PS Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Baytex Energy was 1.79. The lowest was 0.04. And the median was 0.59.


Baytex Energy  (TSX:BTE) 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Baytex Energy was 1.79. The lowest was 0.04. And the median was 0.59.


Be Aware

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


Baytex Energy Cyclically Adjusted Revenue per Share Related Terms


Baytex Energy Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Baytex Energy'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.

Baytex Energy Cyclically Adjusted Revenue per Share Chart

Baytex Energy 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 - - - - -

Baytex Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 - - - - -

TSX:BTE vs COP, EOG, OXY: Cyclically Adjusted Revenue per Share Comparison

For the Oil & Gas E&P subindustry, Baytex Energy'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.


Baytex Energy Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Baytex Energy's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSX:BTE
50GF Score
Baytex Energy Corp TSX:BTE
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Baytex Energy 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, Baytex Energy'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)
=0.757/133.5265*133.5265
=0.757

Current CPI (Jun. 2026) = 133.5265.

Baytex Energy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.728 102.002 0.953
201609 0.719 101.765 0.943
201612 0.820 101.449 1.079
201703 0.862 102.634 1.121
201706 0.919 103.029 1.191
201709 0.864 103.345 1.116
201712 0.992 103.345 1.282
201803 0.936 105.004 1.190
201806 1.143 105.557 1.446
201809 0.910 105.636 1.150
201812 0.503 105.399 0.637
201903 0.666 106.979 0.831
201906 0.705 107.690 0.874
201909 0.623 107.611 0.773
201912 0.660 107.769 0.818
202003 0.500 107.927 0.619
202006 0.220 108.401 0.271
202009 0.379 108.164 0.468
202012 0.349 108.559 0.429
202103 0.565 110.298 0.684
202106 0.633 111.720 0.757
202109 0.697 112.905 0.824
202112 0.787 113.774 0.924
202203 0.967 117.646 1.098
202206 1.194 120.806 1.320
202209 1.011 120.648 1.119
202212 0.957 120.964 1.056
202303 0.843 122.702 0.917
202306 0.835 124.203 0.898
202309 1.072 125.230 1.143
202312 1.003 125.072 1.071
202403 0.943 126.258 0.997
202406 1.091 127.522 1.142
202409 1.063 127.285 1.115
202412 1.048 127.364 1.099
202503 0.510 129.181 0.527
202506 0.470 129.892 0.483
202509 0.965 130.287 0.989
202603 0.537 132.262 0.542
202606 0.757 133.527 0.757

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 C$ mean?
Baytex Energy (TSX:BTE) has a Cyclically Adjusted Revenue per Share of C$ 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 Baytex Energy and its competitors.
Is Baytex Energy's Cyclically Adjusted Revenue per Share too high?
Baytex Energy's current Cyclically Adjusted Revenue per Share is C$. Overall, Baytex Energy has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Baytex Energy's Cyclically Adjusted Revenue per Share compare to COP and EOG?
Baytex Energy's Cyclically Adjusted Revenue per Share of C$ can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Cyclically Adjusted Revenue per Share depends on the Oil & Gas 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 Baytex Energy and its competitors. Baytex Energy's current Cyclically Adjusted Revenue per Share is C$. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baytex Energy stock overvalued right now?
Based on GuruFocus' analysis, Baytex Energy (TSX:BTE) is currently considered Significantly Overvalued. The stock's GF Value™ is C$2.72, compared to a current price of C$6.56 — trading 141.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is C$. Baytex Energy's overall GF Score™ is 50/100 with 7 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 Baytex Energy (TSX:BTE), the current Cyclically Adjusted Revenue per Share is C$ 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 Baytex Energy (TSX:BTE) Overvalued in 2026?

Based on GuruFocus' analysis, Baytex Energy stock appears to be overvalued. The current stock price of C$6.56 is trading 141.2% above its estimated GF Value™ of C$2.72. GuruFocus considers Baytex Energy to be Significantly Overvalued.

Key valuation signals for TSX:BTE:

  • Cyclically Adjusted Revenue per Share: C$
  • GF Value™: C$2.72 vs. price of C$6.56 (141.2% above fair value)
  • GF Score™: 50/100 with 7 warning signs

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


Baytex Energy Business Description

Industry EnergyOil & Gas
Other Exchanges BTE:USAB5X:Germany
Address 2800, 520 - 3rd Avenue SW, Centennial Place, East Tower, Calgary, AB, CAN, T2P 0R3
Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.
50GF Score

Get the complete analysis for TSX:BTE

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

C$6.56
Price
C$2.72
GF Value