Gildan Activewear (TSX:GIL) Cyclically Adjusted Revenue per Share: C$24.03 (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.

TSX:GIL Gildan Activewear Inc TSX:GIL
88 GF Score
Price C$72.47
GF Value C$90.73
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Gildan Activewear Cyclically Adjusted Revenue per Share?

Gildan Activewear TSX:GIL -0.96% 88 Cyclically Adjusted Revenue per Share is C$24.03 as of Mar. 2026. GuruFocus rates TSX:GIL with a GF Score™ of 88/100 and a GF Value™ of C$90.73 (Modestly Undervalued). The stock has 5 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.

Gildan Activewear's adjusted revenue per share for the three months ended in Mar. 2026 was C$8.640. 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$24.03 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Gildan Activewear's average Cyclically Adjusted Revenue Growth Rate was 10.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 11.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 11.70% 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 Gildan Activewear was 15.10% per year. The lowest was 6.40% per year. And the median was 12.30% per year.

As of today (2026-07-15), Gildan Activewear's current stock price is C$72.47. Gildan Activewear's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$24.03. Gildan Activewear's Cyclically Adjusted PS Ratio of today is 3.02.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Gildan Activewear was 4.95. The lowest was 1.14. And the median was 3.17.


Gildan Activewear  (TSX:GIL) 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.

Gildan Activewear's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=72.47/24.03
=3.02

* 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 Gildan Activewear was 4.95. The lowest was 1.14. And the median was 3.17.


Be Aware

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


Gildan Activewear Cyclically Adjusted Revenue per Share Related Terms


Gildan Activewear Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Gildan Activewear'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.

Gildan Activewear Cyclically Adjusted Revenue per Share Chart

Gildan Activewear 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 15.36 17.59 19.44 21.24 23.25

Gildan Activewear 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 21.79 22.27 22.71 23.25 24.03

TSX:GIL vs RL, LEVI, VFC: Cyclically Adjusted Revenue per Share Comparison

For the Apparel Manufacturing subindustry, Gildan Activewear'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.


Gildan Activewear Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gildan Activewear's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSX:GIL
88GF Score
Gildan Activewear Inc TSX:GIL
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gildan Activewear 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, Gildan Activewear'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)
=8.64/132.2623*132.2623
=8.640

Current CPI (Mar. 2026) = 132.2623.

Gildan Activewear Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.759 102.002 4.874
201609 4.027 101.765 5.234
201612 3.382 101.449 4.409
201703 3.874 102.634 4.992
201706 4.239 103.029 5.442
201709 3.936 103.345 5.037
201712 3.805 103.345 4.870
201803 3.825 105.004 4.818
201806 4.715 105.557 5.908
201809 4.723 105.636 5.913
201812 4.819 105.399 6.047
201903 4.029 106.979 4.981
201906 5.183 107.690 6.366
201909 4.795 107.611 5.893
201912 4.303 107.769 5.281
202003 3.227 107.927 3.955
202006 1.571 108.401 1.917
202009 4.018 108.164 4.913
202012 4.457 108.559 5.430
202103 3.732 110.298 4.475
202106 4.587 111.720 5.430
202109 5.124 112.905 6.003
202112 5.161 113.774 6.000
202203 5.181 117.646 5.825
202206 6.169 120.806 6.754
202209 6.222 120.648 6.821
202212 5.439 120.964 5.947
202303 5.357 122.702 5.774
202306 6.277 124.203 6.684
202309 6.713 125.230 7.090
202312 6.113 125.072 6.464
202403 5.577 126.258 5.842
202406 7.082 127.522 7.345
202409 7.496 127.285 7.789
202412 7.573 127.364 7.864
202503 6.722 129.181 6.882
202506 8.284 129.892 8.435
202509 8.438 130.287 8.566
202512 9.287 130.366 9.422
202603 8.640 132.262 8.640

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$24.03 mean?
Gildan Activewear (TSX:GIL) has a Cyclically Adjusted Revenue per Share of C$24.03 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 Gildan Activewear and its competitors.
Is Gildan Activewear's Cyclically Adjusted Revenue per Share too high?
Gildan Activewear's current Cyclically Adjusted Revenue per Share is C$24.03. Overall, Gildan Activewear has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gildan Activewear's Cyclically Adjusted Revenue per Share compare to RL and LEVI?
Gildan Activewear's Cyclically Adjusted Revenue per Share of C$24.03 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Cyclically Adjusted Revenue per Share depends on the Manufacturing - Apparel & Accessories 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 Gildan Activewear and its competitors. Gildan Activewear's current Cyclically Adjusted Revenue per Share is C$24.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gildan Activewear stock overvalued right now?
Based on GuruFocus' analysis, Gildan Activewear (TSX:GIL) is currently considered Modestly Undervalued. The stock's GF Value™ is C$90.73, compared to a current price of C$72.47 — trading 20.1% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is C$24.03. Gildan Activewear's overall GF Score™ is 88/100 with 5 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 Gildan Activewear (TSX:GIL), the current Cyclically Adjusted Revenue per Share is C$24.03 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 Gildan Activewear (TSX:GIL) Overvalued in 2026?

Based on GuruFocus' analysis, Gildan Activewear stock appears to be undervalued. The current stock price of C$72.47 is trading 20.1% below its estimated GF Value™ of C$90.73. GuruFocus considers Gildan Activewear to be Modestly Undervalued.

Key valuation signals for TSX:GIL:

  • Cyclically Adjusted Revenue per Share: C$24.03
  • GF Value™: C$90.73 vs. price of C$72.47 (20.1% below fair value)
  • GF Score™: 88/100 with 5 warning signs

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


Gildan Activewear Business Description

Other Exchanges GIL:USAVGA:Germany
Address 600 de Maisonneuve Boulevard West, 33rd Floor, Suite 3300, Montreal, QC, CAN, H3A 3J2
Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. It is a leader in blank T-shirts, sweatshirts, and other apparel to wholesalers, major clothing brands, and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels, a business that has been greatly enhanced by the Hanesbrands acquisition. Gildan's brands include Hanes, Bali, Maidenform, Playtex, Gildan, American Apparel, Comfort Colors, and Goldtoe. Gildan produces most of its clothing at factories in Latin America but has been ramping up production at its new facility in Bangladesh. Incorporated in 1984, the Montreal-based company operates internationally but generated 90% of its sales in the US in 2025.
88GF Score

Get the complete analysis for TSX:GIL

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

C$72.47
Price
C$90.73
GF Value