Quercus TFI (WAR:QRS) Cyclically Adjusted Revenue per Share: zł2.61 (As of Jun. 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:QRS Quercus TFI SA WAR:QRS
98 GF Score
Price zł13.68
GF Value zł15.16
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Quercus TFI Cyclically Adjusted Revenue per Share?

Quercus TFI WAR:QRS -0.44% 98 Cyclically Adjusted Revenue per Share is zł2.61 as of Jun. 2026. GuruFocus rates WAR:QRS with a GF Score™ of 98/100 and a GF Value™ of zł15.16 (Modestly Undervalued). The stock has 1 warning sign 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.

Quercus TFI's adjusted revenue per share for the three months ended in Jun. 2026 was zł1.288. 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 zł2.61 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Quercus TFI's average Cyclically Adjusted Revenue Growth Rate was 13.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.50% 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 Quercus TFI was 11.00% per year. The lowest was 7.50% per year. And the median was 9.25% per year.

As of today (2026-09-03), Quercus TFI's current stock price is zł13.68. Quercus TFI's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was zł2.61. Quercus TFI's Cyclically Adjusted PS Ratio of today is 5.24.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Quercus TFI was 5.57. The lowest was 1.47. And the median was 3.13.


Quercus TFI  (WAR:QRS) 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.

Quercus TFI's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=13.68/2.61
=5.24

* 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 Quercus TFI was 5.57. The lowest was 1.47. And the median was 3.13.


Be Aware

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


Quercus TFI Cyclically Adjusted Revenue per Share Related Terms


Quercus TFI Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Quercus TFI'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.

Quercus TFI Cyclically Adjusted Revenue per Share Chart

Quercus TFI 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 1.60 1.95 2.04 2.19 2.42

Quercus TFI Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.30 2.36 2.42 2.55 2.61

WAR:QRS vs BLK, BX, KKR: Cyclically Adjusted Revenue per Share Comparison

For the Asset Management subindustry, Quercus TFI'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.


Quercus TFI Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Quercus TFI's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WAR:QRS
98GF Score
Quercus TFI SA WAR:QRS
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Quercus TFI 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, Quercus TFI's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.288/162.2800*162.2800
=1.288

Current CPI (Jun. 2026) = 162.2800.

Quercus TFI Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.355 99.064 0.582
201612 0.524 100.366 0.847
201703 0.444 101.018 0.713
201706 0.466 101.180 0.747
201709 0.481 101.343 0.770
201712 0.603 102.564 0.954
201803 0.433 102.564 0.685
201806 0.388 103.378 0.609
201809 0.339 103.378 0.532
201812 0.337 103.785 0.527
201903 0.230 104.274 0.358
201906 0.234 105.983 0.358
201909 0.247 105.983 0.378
201912 0.355 107.123 0.538
202003 0.229 109.076 0.341
202006 0.201 109.402 0.298
202009 0.202 109.320 0.300
202012 0.396 109.565 0.587
202103 0.191 112.658 0.275
202106 0.239 113.960 0.340
202109 0.253 115.588 0.355
202112 0.722 119.088 0.984
202203 0.435 125.031 0.565
202206 0.398 131.705 0.490
202209 0.360 135.531 0.431
202212 0.421 139.113 0.491
202303 0.367 145.950 0.408
202306 0.420 147.009 0.464
202309 0.444 146.113 0.493
202312 0.936 147.741 1.028
202403 0.536 149.044 0.584
202406 0.650 150.997 0.699
202409 0.619 153.439 0.655
202412 1.065 154.660 1.117
202503 0.689 157.021 0.712
202506 0.942 157.509 0.971
202509 1.024 158.000 1.052
202512 1.409 158.320 1.444
202603 1.112 163.070 1.107
202606 1.288 162.280 1.288

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 zł2.61 mean?
Quercus TFI (WAR:QRS) has a Cyclically Adjusted Revenue per Share of zł2.61 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Quercus TFI and its competitors.
Is Quercus TFI's Cyclically Adjusted Revenue per Share too high?
Quercus TFI's current Cyclically Adjusted Revenue per Share is zł2.61. Overall, Quercus TFI has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Quercus TFI's Cyclically Adjusted Revenue per Share compare to BLK and BX?
Quercus TFI's Cyclically Adjusted Revenue per Share of zł2.61 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Cyclically Adjusted Revenue per Share depends on the Asset Management 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 Quercus TFI and its competitors. Quercus TFI's current Cyclically Adjusted Revenue per Share is zł2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quercus TFI stock overvalued right now?
Based on GuruFocus' analysis, Quercus TFI (WAR:QRS) is currently considered Modestly Undervalued. The stock's GF Value™ is zł15.16, compared to a current price of zł13.68 — trading 9.8% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is zł2.61. Quercus TFI's overall GF Score™ is 98/100 with 1 warning sign 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 Quercus TFI (WAR:QRS), the current Cyclically Adjusted Revenue per Share is zł2.61 as of Jun. 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 Quercus TFI (WAR:QRS) Overvalued in 2026?

Based on GuruFocus' analysis, Quercus TFI stock appears to be undervalued. The current stock price of zł13.68 is trading 9.8% below its estimated GF Value™ of zł15.16. GuruFocus considers Quercus TFI to be Modestly Undervalued.

Key valuation signals for WAR:QRS:

  • Cyclically Adjusted Revenue per Share: zł2.61
  • GF Value™: zł15.16 vs. price of zł13.68 (9.8% below fair value)
  • GF Score™: 98/100 with 1 warning sign

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


Quercus TFI Business Description

Other Exchanges 85R:Germany
Address ul. Nowy Swiat 6/12, Warsaw, POL, 00400
Quercus TFI SA is an investment fund company in Poland whose offer is mainly targeted at high net-worth Investors. The products of the company include Quercus Short-Term Debt, Quercus Capital Protection, Quercus Treasury Bonds, Quercus Stable, Quercus Aggressive and Quercus Gold among others.
98GF Score

Get the complete analysis for WAR:QRS

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

zł13.68
Price
zł15.16
GF Value