H & M Hennes & Mauritz AB (WAR:HANM) Cyclically Adjusted Revenue per Share: zł48.36 (As of May. 2026)

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WAR:HANM H & M Hennes & Mauritz AB WAR:HANM
63 GF Score
Price zł64.06
GF Value zł49.77
Valuation Modestly Overvalued
! 7 Warning Signs
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What is H & M Hennes & Mauritz AB Cyclically Adjusted Revenue per Share?

H & M Hennes & Mauritz AB WAR:HANM 63 Cyclically Adjusted Revenue per Share is zł48.36 as of May. 2026. GuruFocus rates WAR:HANM with a GF Score™ of 63/100 and a GF Value™ of zł49.77 (Modestly 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.

H & M Hennes & Mauritz AB's adjusted revenue per share for the three months ended in May. 2026 was zł13.628. 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 zł48.36 for the trailing ten years ended in May. 2026.

During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.70% 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 H & M Hennes & Mauritz AB was 10.80% per year. The lowest was 4.10% per year. And the median was 8.05% per year.

As of today (2026-08-24), H & M Hennes & Mauritz AB's current stock price is zł64.06. H & M Hennes & Mauritz AB's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was zł48.36. H & M Hennes & Mauritz AB's Cyclically Adjusted PS Ratio of today is 1.32.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of H & M Hennes & Mauritz AB was 2.49. The lowest was 0.79. And the median was 1.25.


H & M Hennes & Mauritz AB  (WAR:HANM) 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.

H & M Hennes & Mauritz AB's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=64.06/48.36
=1.32

* 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 H & M Hennes & Mauritz AB was 2.49. The lowest was 0.79. And the median was 1.25.


Be Aware

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


H & M Hennes & Mauritz AB Cyclically Adjusted Revenue per Share Related Terms


H & M Hennes & Mauritz AB Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for H & M Hennes & Mauritz AB'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.

H & M Hennes & Mauritz AB Cyclically Adjusted Revenue per Share Chart

H & M Hennes & Mauritz AB Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 46.96

H & M Hennes & Mauritz AB Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.00 58.07 46.96 41.96 48.36

WAR:HANM vs RL, LEVI, VFC: Cyclically Adjusted Revenue per Share Comparison

For the Apparel Manufacturing subindustry, H & M Hennes & Mauritz AB'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.


H & M Hennes & Mauritz AB Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, H & M Hennes & Mauritz AB's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where H & M Hennes & Mauritz AB's Cyclically Adjusted PS Ratio falls into.


WAR:HANM
63GF Score
H & M Hennes & Mauritz AB WAR:HANM
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

H & M Hennes & Mauritz AB 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, H & M Hennes & Mauritz AB's adjusted Revenue per Share data for the three months ended in May. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=13.628/134.1100*134.1100
=13.628

Current CPI (May. 2026) = 134.1100.

H & M Hennes & Mauritz AB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 12.905 100.968 17.141
201611 12.889 101.517 17.027
201702 11.779 102.037 15.481
201705 13.055 102.679 17.051
201708 14.141 103.138 18.387
201711 13.407 103.413 17.387
201802 12.794 103.678 16.549
201805 13.248 104.632 16.980
201808 13.734 105.197 17.509
201811 13.882 105.443 17.656
201902 12.309 105.641 15.626
201905 13.370 106.895 16.774
201908 14.473 106.716 18.188
201911 14.283 107.345 17.844
202002 12.655 106.742 15.900
202005 6.574 106.882 8.249
202008 13.032 107.571 16.247
202011 13.545 107.549 16.890
202102 10.713 108.190 13.280
202105 12.427 108.838 15.313
202108 14.291 109.780 17.458
202111 14.400 111.069 17.387
202202 11.815 112.834 14.043
202205 12.238 116.746 14.058
202208 12.378 120.573 13.768
202211 13.154 123.803 14.249
202302 11.900 126.321 12.634
202305 12.477 128.034 13.069
202308 12.743 129.560 13.191
202311 13.328 130.958 13.649
202402 11.752 132.046 11.936
202405 12.714 132.818 12.838
202408 13.023 132.052 13.226
202411 13.091 133.000 13.200
202502 11.799 133.744 11.831
202505 13.509 133.064 13.615
202508 13.708 133.440 13.777
202511 14.346 133.340 14.429
202602 12.745 134.410 12.717
202605 13.628 134.110 13.628

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 zł48.36 mean?
H & M Hennes & Mauritz AB (WAR:HANM) has a Cyclically Adjusted Revenue per Share of zł48.36 as of May. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on H & M Hennes & Mauritz AB and its competitors.
Is H & M Hennes & Mauritz AB's Cyclically Adjusted Revenue per Share too high?
H & M Hennes & Mauritz AB's current Cyclically Adjusted Revenue per Share is zł48.36. Overall, H & M Hennes & Mauritz AB has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does H & M Hennes & Mauritz AB's Cyclically Adjusted Revenue per Share compare to RL and LEVI?
H & M Hennes & Mauritz AB's Cyclically Adjusted Revenue per Share of zł48.36 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 H & M Hennes & Mauritz AB and its competitors. H & M Hennes & Mauritz AB's current Cyclically Adjusted Revenue per Share is zł48.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H & M Hennes & Mauritz AB stock overvalued right now?
Based on GuruFocus' analysis, H & M Hennes & Mauritz AB (WAR:HANM) is currently considered Modestly Overvalued. The stock's GF Value™ is zł49.77, compared to a current price of zł64.06 — trading 28.7% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is zł48.36. H & M Hennes & Mauritz AB's overall GF Score™ is 63/100 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 H & M Hennes & Mauritz AB (WAR:HANM), the current Cyclically Adjusted Revenue per Share is zł48.36 as of May. 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 H & M Hennes & Mauritz AB (WAR:HANM) Overvalued in 2026?

Based on GuruFocus' analysis, H & M Hennes & Mauritz AB stock appears to be overvalued. The current stock price of zł64.06 is trading 28.7% above its estimated GF Value™ of zł49.77. GuruFocus considers H & M Hennes & Mauritz AB to be Modestly Overvalued.

Key valuation signals for WAR:HANM:

  • Cyclically Adjusted Revenue per Share: zł48.36
  • GF Value™: zł49.77 vs. price of zł64.06 (28.7% above fair value)
  • GF Score™: 63/100 with 7 warning signs

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


H & M Hennes & Mauritz AB Business Description

Address Master Samuelsgatan 46A, Stockholm, SWE, SE-106 38
The H&M Group is a global multi-brand fashion conglomerate founded in 1947. Its flagship brand, H&M, generates the majority of the group's revenue, while ARKET, COS, and the secondhand platform Sellpy represent key sources of future growth. Geographically, 34% of group revenues are generated in Western Europe, followed by North and South America at 23%, and both Southern Europe and Asia, Oceania, and Africa at 13% each. The Nordic region accounts for approximately 9% of total sales.The company operates 4,101 stores (3,660 attributable to H&M brand) across 81 markets worldwide, the majority of which are leased. Online sales contributed slightly above 30% of total group revenue in financial 2025 .
63GF Score

Get the complete analysis for WAR:HANM

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

zł64.06
Price
zł49.77
GF Value