Norstar Holdings (XTAE:NSTR) Cyclically Adjusted Revenue per Share: ₪77.25 (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.

XTAE:NSTR Norstar Holdings Inc XTAE:NSTR
60 GF Score
Price ₪7.36
GF Value ₪7.45
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Norstar Holdings Cyclically Adjusted Revenue per Share?

Norstar Holdings XTAE:NSTR +1.22% 60 Cyclically Adjusted Revenue per Share is ₪77.25 as of Mar. 2026. GuruFocus rates XTAE:NSTR with a GF Score™ of 60/100 and a GF Value™ of ₪7.45 (Fairly Valued). 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.

Norstar Holdings's adjusted revenue per share for the three months ended in Mar. 2026 was ₪8.340. 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 ₪77.25 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Norstar Holdings's average Cyclically Adjusted Revenue Growth Rate was 5.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.40% 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 Norstar Holdings was 6.30% per year. The lowest was 3.70% per year. And the median was 5.10% per year.

As of today (2026-08-09), Norstar Holdings's current stock price is ₪7.361. Norstar Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₪77.25. Norstar Holdings's Cyclically Adjusted PS Ratio of today is 0.10.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Norstar Holdings was 0.79. The lowest was 0.09. And the median was 0.16.


Norstar Holdings  (XTAE:NSTR) 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.

Norstar Holdings's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=7.361/77.25
=0.10

* 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 Norstar Holdings was 0.79. The lowest was 0.09. 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.


Norstar Holdings Cyclically Adjusted Revenue per Share Related Terms


Norstar Holdings Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Norstar Holdings'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.

Norstar Holdings Cyclically Adjusted Revenue per Share Chart

Norstar Holdings 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 62.17 67.70 69.04 72.15 75.47

Norstar Holdings 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 72.92 73.27 73.74 75.47 77.25

XTAE:NSTR vs CBRE, BEKE, JLL: Cyclically Adjusted Revenue per Share Comparison

For the Real Estate Services subindustry, Norstar Holdings'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.


Norstar Holdings Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Norstar Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


XTAE:NSTR
60GF Score
Norstar Holdings Inc XTAE:NSTR
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Norstar Holdings 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, Norstar Holdings'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)
=8.34/330.2130*330.2130
=8.340

Current CPI (Mar. 2026) = 330.2130.

Norstar Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 25.550 241.018 35.005
201609 3.414 241.428 4.669
201612 3.478 241.432 4.757
201703 3.408 243.801 4.616
201706 3.363 244.955 4.534
201709 26.828 246.819 35.893
201712 24.629 246.524 32.990
201803 26.513 249.554 35.082
201806 20.340 251.989 26.654
201809 26.165 252.439 34.226
201812 27.335 251.233 35.928
201903 26.461 254.202 34.373
201906 26.711 256.143 34.435
201909 24.810 256.759 31.908
201912 25.265 256.974 32.466
202003 23.625 258.115 30.224
202006 21.161 257.797 27.105
202009 17.504 260.280 22.207
202012 17.324 260.474 21.962
202103 17.006 264.877 21.201
202106 15.514 271.696 18.855
202109 16.850 274.310 20.284
202112 16.739 278.802 19.826
202203 16.519 287.504 18.973
202206 16.917 296.311 18.853
202209 16.950 296.808 18.858
202212 16.520 296.797 18.380
202303 10.835 301.836 11.854
202306 9.506 305.109 10.288
202309 9.672 307.789 10.377
202312 10.741 306.746 11.563
202403 10.005 312.332 10.578
202406 8.497 314.175 8.931
202409 10.478 315.301 10.974
202412 8.897 315.605 9.309
202503 9.113 319.799 9.410
202506 8.197 322.561 8.391
202509 10.831 324.800 11.012
202512 7.106 324.054 7.241
202603 8.340 330.213 8.340

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 ₪77.25 mean?
Norstar Holdings (XTAE:NSTR) has a Cyclically Adjusted Revenue per Share of ₪77.25 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 Norstar Holdings and its competitors.
Is Norstar Holdings' Cyclically Adjusted Revenue per Share too high?
Norstar Holdings' current Cyclically Adjusted Revenue per Share is ₪77.25. Overall, Norstar Holdings has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Norstar Holdings' Cyclically Adjusted Revenue per Share compare to CBRE and BEKE?
Norstar Holdings' Cyclically Adjusted Revenue per Share of ₪77.25 can be compared against companies in the Real Estate 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 Real Estate company?
A good Cyclically Adjusted Revenue per Share depends on the Real Estate 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 Norstar Holdings and its competitors. Norstar Holdings's current Cyclically Adjusted Revenue per Share is ₪77.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norstar Holdings stock overvalued right now?
Based on GuruFocus' analysis, Norstar Holdings (XTAE:NSTR) is currently considered Fairly Valued. The stock's GF Value™ is ₪7.45, compared to a current price of ₪7.36 — trading 1.2% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₪77.25. Norstar Holdings' overall GF Score™ is 60/100 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 Norstar Holdings (XTAE:NSTR), the current Cyclically Adjusted Revenue per Share is ₪77.25 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 Norstar Holdings (XTAE:NSTR) Overvalued in 2026?

Based on GuruFocus' analysis, Norstar Holdings stock appears to be undervalued. The current stock price of ₪7.36 is trading 1.2% below its estimated GF Value™ of ₪7.45. GuruFocus considers Norstar Holdings to be Fairly Valued.

Key valuation signals for XTAE:NSTR:

  • Cyclically Adjusted Revenue per Share: ₪77.25
  • GF Value™: ₪7.45 vs. price of ₪7.36 (1.2% below fair value)
  • GF Score™: 60/100 with 5 warning signs

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


Norstar Holdings Business Description

Address c/o Meitar Liquornik Geva & Leshem Brandwein Law Office, 16 Aba Hilel Silver Street, Ramat Gan, ISR, 52506
Norstar Holdings Inc is a multinational real estate holdings company based in Israel. The company is the major shareholder of Gazit Globe, a multi-national real estate investment company that acquires, develops, and manages supermarket anchored shopping centers. The company operates through a variety of subsidiaries: in the United States through Equity One Inc., Royal Senior Care LLC, and ProMed Properties Inc.; in Canada through First Capital Realty Inc.; and in Europe through Citycon Oyj. In the United States the company focuses on projects in the senior housing and the medical office building sectors in North America.
60GF Score

Get the complete analysis for XTAE:NSTR

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

₪7.36
Price
₪7.45
GF Value