Vecima Networks (TSX:VCM) Cyclically Adjusted Revenue per Share: C$8.27 (As of Mar. 2026)

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TSX:VCM Vecima Networks Inc TSX:VCM
77 GF Score
Price C$12.99
GF Value C$15.84
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Vecima Networks Cyclically Adjusted Revenue per Share?

Vecima Networks TSX:VCM +4.76% 77 Cyclically Adjusted Revenue per Share is C$8.27 as of Mar. 2026. GuruFocus rates TSX:VCM with a GF Score™ of 77/100 and a GF Value™ of C$15.84 (Modestly Undervalued). The stock has 8 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.

Vecima Networks's adjusted revenue per share for the three months ended in Mar. 2026 was C$2.666. 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$8.27 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Vecima Networks's average Cyclically Adjusted Revenue Growth Rate was 10.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 14.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 13.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 4.70% 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 Vecima Networks was 15.40% per year. The lowest was -2.90% per year. And the median was 2.65% per year.

As of today (2026-07-21), Vecima Networks's current stock price is C$12.99. Vecima Networks's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$8.27. Vecima Networks's Cyclically Adjusted PS Ratio of today is 1.57.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Vecima Networks was 4.10. The lowest was 1.19. And the median was 2.31.


Vecima Networks  (TSX:VCM) 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.

Vecima Networks's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=12.99/8.27
=1.57

* 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 Vecima Networks was 4.10. The lowest was 1.19. And the median was 2.31.


Be Aware

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


Vecima Networks Cyclically Adjusted Revenue per Share Related Terms


Vecima Networks Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Vecima Networks'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.

Vecima Networks Cyclically Adjusted Revenue per Share Chart

Vecima Networks Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.51 5.17 6.09 6.93 7.72

Vecima Networks 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 7.52 7.72 7.89 8.05 8.27

TSX:VCM vs CSCO, CIEN, MSI: Cyclically Adjusted Revenue per Share Comparison

For the Communication Equipment subindustry, Vecima Networks'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.


Vecima Networks Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TSX:VCM
77GF Score
Vecima Networks Inc TSX:VCM
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vecima Networks 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, Vecima Networks'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)
=2.666/132.2623*132.2623
=2.666

Current CPI (Mar. 2026) = 132.2623.

Vecima Networks Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.973 102.002 1.262
201609 0.930 101.765 1.209
201612 0.903 101.449 1.177
201703 0.701 102.634 0.903
201706 0.652 103.029 0.837
201709 0.663 103.345 0.849
201712 0.656 103.345 0.840
201803 1.073 105.004 1.352
201806 1.087 105.557 1.362
201809 0.954 105.636 1.194
201812 1.013 105.399 1.271
201903 0.909 106.979 1.124
201906 0.928 107.690 1.140
201909 0.899 107.611 1.105
201912 1.119 107.769 1.373
202003 1.100 107.927 1.348
202006 1.144 108.401 1.396
202009 1.215 108.164 1.486
202012 1.305 108.559 1.590
202103 1.391 110.298 1.668
202106 1.564 111.720 1.852
202109 1.403 112.905 1.644
202112 1.886 113.774 2.192
202203 2.201 117.646 2.474
202206 2.592 120.806 2.838
202209 3.175 120.648 3.481
202212 3.265 120.964 3.570
202303 3.230 122.702 3.482
202306 3.117 124.203 3.319
202309 2.527 125.230 2.669
202312 2.548 125.072 2.694
202403 3.295 126.258 3.452
202406 3.587 127.522 3.720
202409 3.359 127.285 3.490
202412 2.930 127.364 3.043
202503 2.631 129.181 2.694
202506 2.828 129.892 2.880
202509 2.923 130.287 2.967
202512 3.032 130.366 3.076
202603 2.666 132.262 2.666

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$8.27 mean?
Vecima Networks (TSX:VCM) has a Cyclically Adjusted Revenue per Share of C$8.27 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 Vecima Networks and its competitors.
Is Vecima Networks' Cyclically Adjusted Revenue per Share too high?
Vecima Networks' current Cyclically Adjusted Revenue per Share is C$8.27. Overall, Vecima Networks has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vecima Networks' Cyclically Adjusted Revenue per Share compare to CSCO and CIEN?
Vecima Networks' Cyclically Adjusted Revenue per Share of C$8.27 can be compared against companies in the Hardware 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 Hardware company?
A good Cyclically Adjusted Revenue per Share depends on the Hardware 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 Vecima Networks and its competitors. Vecima Networks's current Cyclically Adjusted Revenue per Share is C$8.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vecima Networks stock overvalued right now?
Based on GuruFocus' analysis, Vecima Networks (TSX:VCM) is currently considered Modestly Undervalued. The stock's GF Value™ is C$15.84, compared to a current price of C$12.99 — trading 18% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is C$8.27. Vecima Networks' overall GF Score™ is 77/100 with 8 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 Vecima Networks (TSX:VCM), the current Cyclically Adjusted Revenue per Share is C$8.27 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 Vecima Networks (TSX:VCM) Overvalued in 2026?

Based on GuruFocus' analysis, Vecima Networks stock appears to be undervalued. The current stock price of C$12.99 is trading 18% below its estimated GF Value™ of C$15.84. GuruFocus considers Vecima Networks to be Modestly Undervalued.

Key valuation signals for TSX:VCM:

  • Cyclically Adjusted Revenue per Share: C$8.27
  • GF Value™: C$15.84 vs. price of C$12.99 (18% below fair value)
  • GF Score™: 77/100 with 8 warning signs

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


Vecima Networks Business Description

Other Exchanges VNWTF:USA
Address 201-771 Vanalman Avenue, Victoria, BC, CAN, V8Z 3B8
Vecima Networks Inc is a Canadian company that develops integrated hardware and software solutions for broadband access, content delivery, and telematics. It operates through three business segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The majority revenue generation segment, Video and Broadband Solutions segment, provides platforms that support broadband and video services over cable and fiber networks. The Content Delivery and Storage segment offers software and solutions for storing, transforming, and delivering video content. The Telematics segment provides fleet management and asset tracking solutions for mobile and fixed assets. The company has operations with offices and manufacturing facilities in several countries.
77GF Score

Get the complete analysis for TSX:VCM

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

C$12.99
Price
C$15.84
GF Value