Muza (WAR:MZA) Cyclically Adjusted Revenue per Share: zł16.54 (As of Mar. 2026)

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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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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:MZA Muza SA WAR:MZA
81 GF Score
Price zł8.70
GF Value zł10.51
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Muza Cyclically Adjusted Revenue per Share?

Muza WAR:MZA 81 Cyclically Adjusted Revenue per Share is zł16.54 as of Mar. 2026. GuruFocus rates WAR:MZA with a GF Score™ of 81/100 and a GF Value™ of zł10.51 (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.

Muza's adjusted revenue per share for the three months ended in Mar. 2026 was zł3.089. 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 zł16.54 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Muza's average Cyclically Adjusted Revenue Growth Rate was 1.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.40% 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 Muza was 12.50% per year. The lowest was 6.30% per year. And the median was 9.65% per year.

As of today (2026-08-07), Muza's current stock price is zł8.70. Muza's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was zł16.54. Muza's Cyclically Adjusted PS Ratio of today is 0.53.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Muza was 1.29. The lowest was 0.19. And the median was 0.52.


Muza  (WAR:MZA) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=8.70/16.54
=0.53

* 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 Muza was 1.29. The lowest was 0.19. And the median was 0.52.


Be Aware

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


Muza Cyclically Adjusted Revenue per Share Related Terms


Muza Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Muza'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.

Muza Cyclically Adjusted Revenue per Share Chart

Muza 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 11.29 13.37 15.35 16.06 16.07

Muza 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 16.33 16.27 16.26 16.07 16.54

WAR:MZA vs NYT, WLY: Cyclically Adjusted Revenue per Share Comparison

For the Publishing subindustry, Muza'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.


Muza Cyclically Adjusted PS Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Muza's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WAR:MZA
81GF Score
Muza SA WAR:MZA
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Muza 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, Muza'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)
=3.089/163.0700*163.0700
=3.089

Current CPI (Mar. 2026) = 163.0700.

Muza Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.258 99.552 3.699
201609 2.104 99.064 3.463
201612 5.351 100.366 8.694
201703 1.968 101.018 3.177
201706 2.503 101.180 4.034
201709 2.408 101.343 3.875
201712 3.923 102.564 6.237
201803 1.851 102.564 2.943
201806 2.607 103.378 4.112
201809 2.380 103.378 3.754
201812 3.050 103.785 4.792
201903 1.781 104.274 2.785
201906 2.107 105.983 3.242
201909 1.803 105.983 2.774
201912 3.337 107.123 5.080
202003 1.507 109.076 2.253
202006 2.205 109.402 3.287
202009 2.283 109.320 3.405
202012 3.736 109.565 5.560
202103 2.181 112.658 3.157
202106 2.926 113.960 4.187
202109 3.118 115.588 4.399
202112 3.404 119.088 4.661
202203 2.311 125.031 3.014
202206 3.187 131.705 3.946
202209 3.498 135.531 4.209
202212 4.185 139.113 4.906
202303 5.344 145.950 5.971
202306 7.543 147.009 8.367
202309 4.204 146.113 4.692
202312 4.627 147.741 5.107
202403 3.366 149.044 3.683
202406 3.837 150.997 4.144
202409 2.881 153.439 3.062
202412 4.019 154.660 4.238
202503 2.801 157.021 2.909
202506 3.024 157.509 3.131
202509 2.900 158.000 2.993
202512 4.275 158.320 4.403
202603 3.089 163.070 3.089

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 zł16.54 mean?
Muza (WAR:MZA) has a Cyclically Adjusted Revenue per Share of zł16.54 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 Muza and its competitors.
Is Muza's Cyclically Adjusted Revenue per Share too high?
Muza's current Cyclically Adjusted Revenue per Share is zł16.54. Overall, Muza has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Muza's Cyclically Adjusted Revenue per Share compare to NYT and WLY?
Muza's Cyclically Adjusted Revenue per Share of zł16.54 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Cyclically Adjusted Revenue per Share depends on the Media - Diversified 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 Muza and its competitors. Muza's current Cyclically Adjusted Revenue per Share is zł16.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Muza stock overvalued right now?
Based on GuruFocus' analysis, Muza (WAR:MZA) is currently considered Modestly Undervalued. The stock's GF Value™ is zł10.51, compared to a current price of zł8.70 — trading 17.2% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is zł16.54. Muza's overall GF Score™ is 81/100 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 Muza (WAR:MZA), the current Cyclically Adjusted Revenue per Share is zł16.54 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 Muza (WAR:MZA) Overvalued in 2026?

Based on GuruFocus' analysis, Muza stock appears to be undervalued. The current stock price of zł8.70 is trading 17.2% below its estimated GF Value™ of zł10.51. GuruFocus considers Muza to be Modestly Undervalued.

Key valuation signals for WAR:MZA:

  • Cyclically Adjusted Revenue per Share: zł16.54
  • GF Value™: zł10.51 vs. price of zł8.70 (17.2% below fair value)
  • GF Score™: 81/100 with 5 warning signs

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


Muza Business Description

Address ul. Sienna 73, Warszawa, POL, 00-833
Muza SA together with its subsidiaries, engaged in the printing and publishing of books in Poland. The company is also engaged in trading and distribution of printed products, printing, and other media.
81GF Score

Get the complete analysis for WAR:MZA

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

zł8.70
Price
zł10.51
GF Value