FuelCell Energy (XBUL:FEY) Cyclically Adjusted Revenue per Share: лв172.64 (As of Apr. 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.

XBUL:FEY FuelCell Energy Inc XBUL:FEY
58 GF Score
Price лв9.44
GF Value лв3.37
! 6 Warning Signs
View Full Analysis

What is FuelCell Energy Cyclically Adjusted Revenue per Share?

FuelCell Energy XBUL:FEY 58 Cyclically Adjusted Revenue per Share is лв172.64 as of Apr. 2026. GuruFocus rates XBUL:FEY with a GF Score™ of 58/100 and a GF Value™ of лв3.37. 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.

FuelCell Energy's adjusted revenue per share for the three months ended in Apr. 2026 was лв1.127. 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 лв172.64 for the trailing ten years ended in Apr. 2026.

During the past 12 months, FuelCell Energy's average Cyclically Adjusted Revenue Growth Rate was -54.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -39.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -30.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -20.50% 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 FuelCell Energy was 1.80% per year. The lowest was -39.90% per year. And the median was -4.90% per year.

As of today (2026-08-11), FuelCell Energy's current stock price is лв9.438. FuelCell Energy's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was лв172.64. FuelCell Energy's Cyclically Adjusted PS Ratio of today is 0.05.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of FuelCell Energy was 0.48. The lowest was 0.01. And the median was 0.06.


FuelCell Energy  (XBUL:FEY) 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.

FuelCell Energy's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=9.438/172.64
=0.05

* 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 FuelCell Energy was 0.48. The lowest was 0.01. And the median was 0.06.


Be Aware

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


FuelCell Energy Cyclically Adjusted Revenue per Share Related Terms


FuelCell Energy Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for FuelCell Energy'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.

FuelCell Energy Cyclically Adjusted Revenue per Share Chart

FuelCell Energy Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 596.27 361.89

FuelCell Energy Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 1,193.12 839.16 361.89 323.53 172.64

XBUL:FEY vs PLPC, ENR, TE: Cyclically Adjusted Revenue per Share Comparison

For the Electrical Equipment & Parts subindustry, FuelCell Energy'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.


FuelCell Energy Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, FuelCell Energy's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XBUL:FEY
58GF Score
FuelCell Energy Inc XBUL:FEY
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FuelCell Energy 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, FuelCell Energy's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=1.127/333.0200*333.0200
=1.127

Current CPI (Apr. 2026) = 333.0200.

FuelCell Energy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 433.686 240.628 600.205
201610 456.880 241.729 629.425
201701 280.779 242.839 385.049
201704 297.169 244.524 404.718
201707 111.887 244.786 152.217
201710 478.198 246.663 645.616
201801 331.590 247.867 445.505
201804 161.882 250.546 215.170
201807 86.663 252.006 114.523
201810 118.595 252.885 156.176
201901 110.260 251.712 145.876
201904 42.781 255.548 55.750
201907 25.971 256.571 33.709
201910 2.938 257.346 3.802
202001 4.144 257.971 5.350
202004 4.611 256.389 5.989
202007 4.427 259.101 5.690
202010 3.412 260.388 4.364
202101 2.456 261.582 3.127
202104 2.229 267.054 2.780
202107 4.097 273.003 4.998
202110 1.956 276.589 2.355
202201 4.467 281.148 5.291
202204 2.266 289.109 2.610
202207 5.732 296.276 6.443
202210 4.980 298.012 5.565
202301 4.707 299.170 5.240
202304 4.863 303.363 5.338
202307 3.161 305.691 3.444
202310 2.567 307.671 2.778
202401 1.904 308.417 2.056
202404 2.550 313.548 2.708
202407 2.426 314.540 2.569
202410 4.440 315.664 4.684
202501 1.591 317.671 1.668
202504 2.955 320.795 3.068
202507 3.285 323.048 3.386
202510 2.605 0.000
202601 1.088 325.252 1.114
202604 1.127 333.020 1.127

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 лв172.64 mean?
FuelCell Energy (XBUL:FEY) has a Cyclically Adjusted Revenue per Share of лв172.64 as of Apr. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on FuelCell Energy and its competitors.
Is FuelCell Energy's Cyclically Adjusted Revenue per Share too high?
FuelCell Energy's current Cyclically Adjusted Revenue per Share is лв172.64. Overall, FuelCell Energy has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does FuelCell Energy's Cyclically Adjusted Revenue per Share compare to PLPC and ENR?
FuelCell Energy's Cyclically Adjusted Revenue per Share of лв172.64 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Cyclically Adjusted Revenue per Share depends on the Industrial Products 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 FuelCell Energy and its competitors. FuelCell Energy's current Cyclically Adjusted Revenue per Share is лв172.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FuelCell Energy stock overvalued right now?
FuelCell Energy (XBUL:FEY) has a current Cyclically Adjusted Revenue per Share of лв172.64. The stock's GF Value™ is лв3.37, compared to a current price of лв9.44 — trading 180.1% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is лв172.64. FuelCell Energy's overall GF Score™ is 58/100 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 FuelCell Energy (XBUL:FEY), the current Cyclically Adjusted Revenue per Share is лв172.64 as of Apr. 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 FuelCell Energy (XBUL:FEY) Overvalued in 2026?

Based on GuruFocus' analysis, FuelCell Energy stock appears to be overvalued. The current stock price of лв9.44 is trading 180.1% above its estimated GF Value™ of лв3.37.

Key valuation signals for XBUL:FEY:

  • Cyclically Adjusted Revenue per Share: лв172.64
  • GF Value™: лв3.37 vs. price of лв9.44 (180.1% above fair value)
  • GF Score™: 58/100 with 6 warning signs

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


FuelCell Energy Business Description

Address 3 Great Pasture Road, Danbury, CT, USA, 06810
FuelCell Energy Inc is a clean energy technology company engaged in the development, design, production, and servicing of high temperature fuel cells for clean electric power generation. The Company provides proprietary molten carbonate fuel cell systems that generate electricity electrochemically with ultra low emissions and high efficiency, and operates as a solutions provider managing the design, manufacturing, installation, and maintenance of its systems under long term power purchase, service, and engineering procurement agreements. The Company serves utilities, data centers, and commercial and industrial customers, and operates in the United States, South Korea, Europe, and Canada, with maximum revenue generated from the United States.
58GF Score

Get the complete analysis for XBUL:FEY

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

лв9.44
Price
лв3.37
GF Value