Valhi (VHI) Cyclically Adjusted Revenue per Share: $82.70 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

VHI Valhi Inc VHI
67 GF Score
Price $13.44
GF Value $17.64
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Valhi Cyclically Adjusted Revenue per Share?

Valhi VHI -2.68% 67 Cyclically Adjusted Revenue per Share is $82.70 as of Mar. 2026. GuruFocus rates VHI with a GF Score™ of 67/100 and a GF Value™ of $17.64 (Modestly Undervalued). 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.

Valhi's adjusted revenue per share for the three months ended in Mar. 2026 was $19.653. 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 $82.70 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Valhi's average Cyclically Adjusted Revenue Growth Rate was 3.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 2.60% 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 Valhi was 5.80% per year. The lowest was -9.20% per year. And the median was 2.20% per year.

As of today (2026-08-01), Valhi's current stock price is $13.44. Valhi's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $82.70. Valhi's Cyclically Adjusted PS Ratio of today is 0.16.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Valhi was 1.55. The lowest was 0.14. And the median was 0.32.


Valhi  (NYSE:VHI) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=13.44/82.70
=0.16

* 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 Valhi was 1.55. The lowest was 0.14. And the median was 0.32.


Be Aware

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


Valhi Cyclically Adjusted Revenue per Share Related Terms


Valhi Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Valhi'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.

Valhi Cyclically Adjusted Revenue per Share Chart

Valhi 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 73.73 76.91 77.66 78.62 80.91

Valhi 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 79.57 80.22 80.71 80.91 82.70

VHI vs ASPI, RYAM, ASIX: Cyclically Adjusted Revenue per Share Comparison

For the Chemicals subindustry, Valhi'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.


Valhi Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Valhi's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


VHI
67GF Score
Valhi Inc VHI
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Valhi 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, Valhi'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)
=19.653/330.2130*330.2130
=19.653

Current CPI (Mar. 2026) = 330.2130.

Valhi Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 13.986 241.018 19.162
201609 14.274 241.428 19.523
201612 12.649 241.432 17.300
201703 14.221 243.801 19.261
201706 16.905 244.955 22.789
201709 17.421 246.819 23.307
201712 17.396 246.524 23.302
201803 16.351 249.554 21.636
201806 17.902 251.989 23.459
201809 15.967 252.439 20.886
201812 13.639 251.233 17.927
201903 16.828 254.202 21.860
201906 18.547 256.143 23.910
201909 16.674 256.759 21.444
201912 14.526 256.974 18.666
202003 16.116 258.115 20.618
202006 14.561 257.797 18.651
202009 16.091 260.280 20.414
202012 18.133 260.474 22.988
202103 17.860 264.877 22.265
202106 18.432 271.696 22.402
202109 20.312 274.310 24.451
202112 23.972 278.802 28.392
202203 22.070 287.504 25.349
202206 22.267 296.311 24.815
202209 19.519 296.808 21.716
202212 14.126 296.797 15.716
202303 17.288 301.836 18.913
202306 17.793 305.109 19.257
202309 16.453 307.789 17.652
202312 15.895 306.746 17.111
202403 18.618 312.332 19.684
202406 19.639 314.175 20.642
202409 18.723 315.301 19.608
202412 16.874 315.605 17.655
202503 18.898 319.799 19.513
202506 18.961 322.561 19.411
202509 17.667 324.800 17.961
202512 17.351 324.054 17.681
202603 19.653 330.213 19.653

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 $82.70 mean?
Valhi (VHI) has a Cyclically Adjusted Revenue per Share of $82.70 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 Valhi and its competitors.
Is Valhi's Cyclically Adjusted Revenue per Share too high?
Valhi's current Cyclically Adjusted Revenue per Share is $82.70. Overall, Valhi has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Valhi's Cyclically Adjusted Revenue per Share compare to ASPI and RYAM?
Valhi's Cyclically Adjusted Revenue per Share of $82.70 can be compared against companies in the Chemicals 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 Chemicals company?
A good Cyclically Adjusted Revenue per Share depends on the Chemicals 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 Valhi and its competitors. Valhi's current Cyclically Adjusted Revenue per Share is $82.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Valhi stock overvalued right now?
Based on GuruFocus' analysis, Valhi (VHI) is currently considered Modestly Undervalued. The stock's GF Value™ is $17.64, compared to a current price of $13.44 — trading 23.8% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is $82.70. Valhi's overall GF Score™ is 67/100 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 Valhi (VHI), the current Cyclically Adjusted Revenue per Share is $82.70 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 Valhi (VHI) Overvalued in 2026?

Based on GuruFocus' analysis, Valhi stock appears to be undervalued. The current stock price of $13.44 is trading 23.8% below its estimated GF Value™ of $17.64. GuruFocus considers Valhi to be Modestly Undervalued.

Key valuation signals for VHI:

  • Cyclically Adjusted Revenue per Share: $82.70
  • GF Value™: $17.64 vs. price of $13.44 (23.8% below fair value)
  • GF Score™: 67/100 with 3 warning signs

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


Valhi Business Description

Address 5430 LBJ Freeway, Suite 1700, Dallas, TX, USA, 75240-2620
Valhi Inc is a holding company that provides chemicals, security products, waste management systems, and real estate development and management services through its subsidiaries. It operates its business in three segments, which are Chemicals, Component Products, and Real Estate Management and Development. The company derives maximum revenue from the Chemicals segment, which produces and markets value-added titanium dioxide pigments (TiO2). TiO2 is used to impart whiteness, brightness, opacity, and durability to various products, including paints, plastics, paper, fibers, and ceramics. Geographically, the company generates maximum revenue from the United States and also has a presence in Germany, Canada, Norway, and Belgium.
67GF Score

Get the complete analysis for VHI

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

$13.44
Price
$17.64
GF Value