Under Armour (WBO:UAC) Cyclically Adjusted Revenue per Share: €11.92 (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.

WBO:UAC Under Armour Inc WBO:UAC
57 GF Score
Price €6.33
GF Value €5.62
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Under Armour Cyclically Adjusted Revenue per Share?

Under Armour WBO:UAC +2.59% 57 Cyclically Adjusted Revenue per Share is €11.92 as of Mar. 2026. GuruFocus rates WBO:UAC with a GF Score™ of 57/100 and a GF Value™ of €5.62 (Modestly Overvalued). The stock has 6 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.

Under Armour's adjusted revenue per share for the three months ended in Mar. 2026 was €2.378. 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 €11.92 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Under Armour's average Cyclically Adjusted Revenue Growth Rate was 2.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 10.70% 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 Under Armour was 23.50% per year. The lowest was 4.60% per year. And the median was 12.05% per year.

As of today (2026-07-19), Under Armour's current stock price is €6.33. Under Armour's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €11.92. Under Armour's Cyclically Adjusted PS Ratio of today is 0.53.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Under Armour was 9.67. The lowest was 0.31. And the median was 1.59.


Under Armour  (WBO:UAC) 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.

Under Armour's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=6.33/11.92
=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 Under Armour was 9.67. The lowest was 0.31. And the median was 1.59.


Be Aware

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


Under Armour Cyclically Adjusted Revenue per Share Related Terms


Under Armour Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Under Armour'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.

Under Armour Cyclically Adjusted Revenue per Share Chart

Under Armour Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.13 10.09 11.65 11.95 11.92

Under Armour 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 11.95 11.17 11.31 10.85 11.92

WBO:UAC vs COLM, FIGS, PVH: Cyclically Adjusted Revenue per Share Comparison

For the Apparel Manufacturing subindustry, Under Armour'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.


Under Armour Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Under Armour's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


WBO:UAC
57GF Score
Under Armour Inc WBO:UAC
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Under Armour 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, Under Armour'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)
=2.378/330.2130*330.2130
=2.378

Current CPI (Mar. 2026) = 330.2130.

Under Armour Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.011 241.018 2.755
201609 2.941 241.428 4.023
201612 2.783 241.432 3.806
201703 2.383 243.801 3.228
201706 2.205 244.955 2.972
201709 2.636 246.819 3.527
201712 2.619 246.524 3.508
201803 2.170 249.554 2.871
201806 2.262 251.989 2.964
201809 2.742 252.439 3.587
201812 2.724 251.233 3.580
201903 2.352 254.202 3.055
201906 2.338 256.143 3.014
201909 2.855 256.759 3.672
201912 2.851 256.974 3.664
202003 1.859 258.115 2.378
202006 1.384 257.797 1.773
202009 2.664 260.280 3.380
202012 2.537 260.474 3.216
202103 2.300 264.877 2.867
202106 2.427 271.696 2.950
202109 2.777 274.310 3.343
202112 2.821 278.802 3.341
202203 2.506 287.504 2.878
202206 2.726 296.311 3.038
202209 3.425 296.808 3.810
202212 3.253 296.797 3.619
202303 2.872 301.836 3.142
202306 2.674 305.109 2.894
202309 3.235 307.789 3.471
202312 3.039 306.746 3.271
202403 2.739 312.332 2.896
202406 2.524 314.175 2.653
202409 2.893 315.301 3.030
202412 3.060 315.605 3.202
202503 2.544 319.799 2.627
202506 2.302 322.561 2.357
202509 2.652 324.800 2.696
202512 2.669 324.054 2.720
202603 2.378 330.213 2.378

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 €11.92 mean?
Under Armour (WBO:UAC) has a Cyclically Adjusted Revenue per Share of €11.92 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 Under Armour and its competitors.
Is Under Armour's Cyclically Adjusted Revenue per Share too high?
Under Armour's current Cyclically Adjusted Revenue per Share is €11.92. Overall, Under Armour has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Under Armour's Cyclically Adjusted Revenue per Share compare to COLM and FIGS?
Under Armour's Cyclically Adjusted Revenue per Share of €11.92 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 Under Armour and its competitors. Under Armour's current Cyclically Adjusted Revenue per Share is €11.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Under Armour stock overvalued right now?
Based on GuruFocus' analysis, Under Armour (WBO:UAC) is currently considered Modestly Overvalued. The stock's GF Value™ is €5.62, compared to a current price of €6.33 — trading 12.6% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €11.92. Under Armour's overall GF Score™ is 57/100 with 6 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 Under Armour (WBO:UAC), the current Cyclically Adjusted Revenue per Share is €11.92 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 Under Armour (WBO:UAC) Overvalued in 2026?

Based on GuruFocus' analysis, Under Armour stock appears to be overvalued. The current stock price of €6.33 is trading 12.6% above its estimated GF Value™ of €5.62. GuruFocus considers Under Armour to be Modestly Overvalued.

Key valuation signals for WBO:UAC:

  • Cyclically Adjusted Revenue per Share: €11.92
  • GF Value™: €5.62 vs. price of €6.33 (12.6% above fair value)
  • GF Score™: 57/100 with 6 warning signs

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


Under Armour Business Description

Address 101 Performance Drive, Baltimore, MD, USA, 21230
Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America, Asia-Pacific, Europe, and Latin America. Consumers of its performance-based clothing and shoes include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through wholesale partners, company-owned digital channels, and approximately 440 company-owned outlet and full-price stores. The Baltimore-based firm was founded in 1996 and is led by controlling shareholder Kevin Plank.
57GF Score

Get the complete analysis for WBO:UAC

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

€6.33
Price
€5.62
GF Value