Tecnicas Reunidas (XMAD:TRE) Cyclically Adjusted Revenue per Share: €82.65 (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.

XMAD:TRE Tecnicas Reunidas SA XMAD:TRE
65 GF Score
Price €28.80
GF Value €19.86
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Tecnicas Reunidas Cyclically Adjusted Revenue per Share?

Tecnicas Reunidas XMAD:TRE -1.37% 65 Cyclically Adjusted Revenue per Share is €82.65 as of Mar. 2026. GuruFocus rates XMAD:TRE with a GF Score™ of 65/100 and a GF Value™ of €19.86 (Significantly Overvalued). The stock has 2 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.

Tecnicas Reunidas's adjusted revenue per share for the three months ended in Mar. 2026 was €20.296. 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 €82.65 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Tecnicas Reunidas's average Cyclically Adjusted Revenue Growth Rate was 2.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.30% 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 Tecnicas Reunidas was 6.00% per year. The lowest was 2.20% per year. And the median was 4.40% per year.

As of today (2026-07-15), Tecnicas Reunidas's current stock price is €28.80. Tecnicas Reunidas's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €82.65. Tecnicas Reunidas's Cyclically Adjusted PS Ratio of today is 0.35.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tecnicas Reunidas was 0.45. The lowest was 0.07. And the median was 0.16.


Tecnicas Reunidas  (XMAD:TRE) 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.

Tecnicas Reunidas's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=28.80/82.65
=0.35

* 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 Tecnicas Reunidas was 0.45. The lowest was 0.07. And the median was 0.16.


Be Aware

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


Tecnicas Reunidas Cyclically Adjusted Revenue per Share Related Terms


Tecnicas Reunidas Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Tecnicas Reunidas'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.

Tecnicas Reunidas Cyclically Adjusted Revenue per Share Chart

Tecnicas Reunidas 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 70.79 76.80 79.16 80.50 82.05

Tecnicas Reunidas 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 80.72 81.57 81.24 82.05 82.65

XMAD:TRE vs PWR, FIX, EME: Cyclically Adjusted Revenue per Share Comparison

For the Engineering & Construction subindustry, Tecnicas Reunidas'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.


Tecnicas Reunidas Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Tecnicas Reunidas's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XMAD:TRE
65GF Score
Tecnicas Reunidas SA XMAD:TRE
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tecnicas Reunidas 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, Tecnicas Reunidas'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)
=20.296/129.8600*129.8600
=20.296

Current CPI (Mar. 2026) = 129.8600.

Tecnicas Reunidas Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 21.350 100.333 27.633
201609 19.444 99.737 25.317
201612 22.991 101.842 29.316
201703 23.662 100.896 30.455
201706 21.146 101.848 26.962
201709 21.431 101.524 27.413
201712 20.194 102.975 25.466
201803 19.825 102.122 25.210
201806 18.725 104.165 23.344
201809 17.031 103.818 21.303
201812 19.434 104.193 24.221
201903 15.625 103.488 19.607
201906 22.190 104.612 27.546
201909 20.775 103.905 25.965
201912 21.583 105.015 26.689
202003 20.154 103.469 25.295
202006 15.828 104.254 19.715
202009 12.007 103.521 15.062
202012 12.088 104.456 15.028
202103 13.051 104.857 16.163
202106 11.218 107.102 13.602
202109 11.936 107.669 14.396
202112 11.701 111.298 13.652
202203 13.232 115.153 14.922
202206 15.017 118.044 16.520
202209 19.829 117.221 21.967
202212 24.208 117.650 26.720
202303 19.175 118.948 20.934
202306 13.426 120.278 14.496
202309 13.872 121.343 14.846
202312 11.280 121.300 12.076
202403 12.892 122.762 13.637
202406 13.933 124.409 14.544
202409 14.511 123.121 15.305
202412 15.671 124.753 16.312
202503 16.779 125.531 17.358
202506 18.344 127.251 18.720
202509 23.830 126.840 24.397
202512 23.822 128.400 24.093
202603 20.296 129.860 20.296

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 €82.65 mean?
Tecnicas Reunidas (XMAD:TRE) has a Cyclically Adjusted Revenue per Share of €82.65 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 Tecnicas Reunidas and its competitors.
Is Tecnicas Reunidas' Cyclically Adjusted Revenue per Share too high?
Tecnicas Reunidas' current Cyclically Adjusted Revenue per Share is €82.65. Overall, Tecnicas Reunidas has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tecnicas Reunidas' Cyclically Adjusted Revenue per Share compare to PWR and FIX?
Tecnicas Reunidas' Cyclically Adjusted Revenue per Share of €82.65 can be compared against companies in the Construction 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 Construction company?
A good Cyclically Adjusted Revenue per Share depends on the Construction 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 Tecnicas Reunidas and its competitors. Tecnicas Reunidas's current Cyclically Adjusted Revenue per Share is €82.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tecnicas Reunidas stock overvalued right now?
Based on GuruFocus' analysis, Tecnicas Reunidas (XMAD:TRE) is currently considered Significantly Overvalued. The stock's GF Value™ is €19.86, compared to a current price of €28.80 — trading 45% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €82.65. Tecnicas Reunidas' overall GF Score™ is 65/100 with 2 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 Tecnicas Reunidas (XMAD:TRE), the current Cyclically Adjusted Revenue per Share is €82.65 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 Tecnicas Reunidas (XMAD:TRE) Overvalued in 2026?

Based on GuruFocus' analysis, Tecnicas Reunidas stock appears to be overvalued. The current stock price of €28.80 is trading 45% above its estimated GF Value™ of €19.86. GuruFocus considers Tecnicas Reunidas to be Significantly Overvalued.

Key valuation signals for XMAD:TRE:

  • Cyclically Adjusted Revenue per Share: €82.65
  • GF Value™: €19.86 vs. price of €28.80 (45% above fair value)
  • GF Score™: 65/100 with 2 warning signs

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


Tecnicas Reunidas Business Description

Address Arapiles Street, 14, Madrid, ESP, 28015
Tecnicas Reunidas SA is a general contracting company. It engages in engineering, design and construction of industrial facilities for international customers including principal national oil companies and multinational companies. The firm's majority of business is focused on large turnkey industrial projects and it also offers engineering, management, start-up and operating services for industrial plants. Its business areas are oil and gas, power, infrastructures and industries. The company mainly operates in Spain, Middle East, Latin America, Asia and the Mediterranean region.
65GF Score

Get the complete analysis for XMAD:TRE

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

€28.80
Price
€19.86
GF Value