Jeronimo Martins SGPS (WAR:JMT) Cyclically Adjusted Revenue per Share: zł181.99 (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.

WAR:JMT Jeronimo Martins SGPS SA WAR:JMT
91 GF Score
Price zł75.00
GF Value zł97.35
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Jeronimo Martins SGPS Cyclically Adjusted Revenue per Share?

Jeronimo Martins SGPS WAR:JMT -0.33% 91 Cyclically Adjusted Revenue per Share is zł181.99 as of Mar. 2026. GuruFocus rates WAR:JMT with a GF Score™ of 91/100 and a GF Value™ of zł97.35 (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.

Jeronimo Martins SGPS's adjusted revenue per share for the three months ended in Mar. 2026 was zł61.375. 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 zł181.99 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Jeronimo Martins SGPS's average Cyclically Adjusted Revenue Growth Rate was 10.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 12.20% 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 Jeronimo Martins SGPS was 13.20% per year. The lowest was 6.60% per year. And the median was 11.00% per year.

As of today (2026-08-04), Jeronimo Martins SGPS's current stock price is zł75.00. Jeronimo Martins SGPS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was zł181.99. Jeronimo Martins SGPS's Cyclically Adjusted PS Ratio of today is 0.41.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Jeronimo Martins SGPS was 0.93. The lowest was 0.39. And the median was 0.66.


Jeronimo Martins SGPS  (WAR:JMT) 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.

Jeronimo Martins SGPS's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=75.00/181.99
=0.41

* 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 Jeronimo Martins SGPS was 0.93. The lowest was 0.39. And the median was 0.66.


Be Aware

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


Jeronimo Martins SGPS Cyclically Adjusted Revenue per Share Related Terms


Jeronimo Martins SGPS Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Jeronimo Martins SGPS'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.

Jeronimo Martins SGPS Cyclically Adjusted Revenue per Share Chart

Jeronimo Martins SGPS 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 0.00 0.00 145.27 132.63 171.06

Jeronimo Martins SGPS 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 156.69 164.04 168.02 171.06 181.99

WAR:JMT vs SYY, USFD, PFGC: Cyclically Adjusted Revenue per Share Comparison

For the Food Distribution subindustry, Jeronimo Martins SGPS'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.


Jeronimo Martins SGPS Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Jeronimo Martins SGPS's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WAR:JMT
91GF Score
Jeronimo Martins SGPS SA WAR:JMT
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jeronimo Martins SGPS 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, Jeronimo Martins SGPS'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)
=61.375/125.9400*125.9400
=61.375

Current CPI (Mar. 2026) = 125.9400.

Jeronimo Martins SGPS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 24.003 101.319 29.836
201609 25.293 101.122 31.501
201612 24.425 100.998 30.457
201703 23.459 101.924 28.986
201706 27.309 102.240 33.639
201709 29.647 102.527 36.417
201712 30.698 102.479 37.726
201803 30.880 102.626 37.895
201806 29.422 103.790 35.701
201809 30.435 103.960 36.870
201812 30.782 103.159 37.580
201903 28.614 103.495 34.820
201906 31.400 104.192 37.954
201909 31.214 103.844 37.856
201912 32.964 103.592 40.075
202003 31.067 103.544 37.787
202006 30.896 104.323 37.298
202009 34.289 103.699 41.643
202012 36.959 103.354 45.035
202103 33.972 104.014 41.133
202106 36.649 104.852 44.020
202109 37.342 105.232 44.690
202112 38.273 106.191 45.391
202203 36.202 109.559 41.615
202206 40.253 114.003 44.468
202209 38.425 114.999 42.081
202212 44.243 116.377 47.878
202303 43.435 117.701 46.475
202306 49.683 117.872 53.084
202309 50.512 119.111 53.408
202312 53.144 118.032 56.704
202403 52.275 120.396 54.682
202406 52.741 121.165 54.819
202409 56.076 121.574 58.090
202412 54.311 121.585 56.256
202503 53.997 122.624 55.457
202506 61.961 124.042 62.909
202509 64.076 124.490 64.822
202512 66.027 124.240 66.930
202603 61.375 125.940 61.375

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 zł181.99 mean?
Jeronimo Martins SGPS (WAR:JMT) has a Cyclically Adjusted Revenue per Share of zł181.99 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 Jeronimo Martins SGPS and its competitors.
Is Jeronimo Martins SGPS's Cyclically Adjusted Revenue per Share too high?
Jeronimo Martins SGPS's current Cyclically Adjusted Revenue per Share is zł181.99. Overall, Jeronimo Martins SGPS has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jeronimo Martins SGPS's Cyclically Adjusted Revenue per Share compare to SYY and USFD?
Jeronimo Martins SGPS's Cyclically Adjusted Revenue per Share of zł181.99 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Cyclically Adjusted Revenue per Share depends on the Retail - Defensive 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 Jeronimo Martins SGPS and its competitors. Jeronimo Martins SGPS's current Cyclically Adjusted Revenue per Share is zł181.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jeronimo Martins SGPS stock overvalued right now?
Based on GuruFocus' analysis, Jeronimo Martins SGPS (WAR:JMT) is currently considered Modestly Undervalued. The stock's GF Value™ is zł97.35, compared to a current price of zł75.00 — trading 23% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is zł181.99. Jeronimo Martins SGPS's overall GF Score™ is 91/100 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 Jeronimo Martins SGPS (WAR:JMT), the current Cyclically Adjusted Revenue per Share is zł181.99 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 Jeronimo Martins SGPS (WAR:JMT) Overvalued in 2026?

Based on GuruFocus' analysis, Jeronimo Martins SGPS stock appears to be undervalued. The current stock price of zł75.00 is trading 23% below its estimated GF Value™ of zł97.35. GuruFocus considers Jeronimo Martins SGPS to be Modestly Undervalued.

Key valuation signals for WAR:JMT:

  • Cyclically Adjusted Revenue per Share: zł181.99
  • GF Value™: zł97.35 vs. price of zł75.00 (23% below fair value)
  • GF Score™: 91/100 with 5 warning signs

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


Jeronimo Martins SGPS Business Description

Address Rua Actor Antonio Silva, No. 7, Lisboa, PRT, 1649-033
Jeronimo Martins SGPS SA is engaged in food distribution business. It operates food retail business in Poland, Portugal, and Colombia. Its business areas include food distribution, Agribusiness, and Specialised retail. Its segments include Portugal Retail: comprises the business unit of JMR (Pingo Doce supermarkets); Portugal Cash & Carry: includes the business unit Recheio; Poland Retail: the business unit which operates under Biedronka banner in this country; Poland Health and Beauty: includes the Hebe banner business unit in Poland, also includes the operations of its subsidiaries in Czechia and Slovakia; Colombia Retail: the business unit which operates under Ara banner; and Others. It derives the majority of the revenue from Poland Retail business segment.
91GF Score

Get the complete analysis for WAR:JMT

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

zł75.00
Price
zł97.35
GF Value