ProCredit Holding AG (XTER:PCZ) Cyclically Adjusted Revenue per Share: €6.80 (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.

XTER:PCZ ProCredit Holding AG XTER:PCZ
67 GF Score
Price €8.30
GF Value €8.99
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is ProCredit Holding AG Cyclically Adjusted Revenue per Share?

ProCredit Holding AG XTER:PCZ -0.36% 67 Cyclically Adjusted Revenue per Share is €6.80 as of Mar. 2026. GuruFocus rates XTER:PCZ with a GF Score™ of 67/100 and a GF Value™ of €8.99 (Fairly Valued). The stock has 3 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.

ProCredit Holding AG's adjusted revenue per share for the three months ended in Mar. 2026 was €1.944. 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 €6.80 for the trailing ten years ended in Mar. 2026.

During the past 12 months, ProCredit Holding AG's average Cyclically Adjusted Revenue Growth Rate was 3.30% 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.

As of today (2026-07-15), ProCredit Holding AG's current stock price is €8.30. ProCredit Holding AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €6.80. ProCredit Holding AG's Cyclically Adjusted PS Ratio of today is 1.22.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of ProCredit Holding AG was 1.66. The lowest was 1.08. And the median was 1.28.


ProCredit Holding AG  (XTER:PCZ) 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.

ProCredit Holding AG's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=8.30/6.80
=1.22

* 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 ProCredit Holding AG was 1.66. The lowest was 1.08. And the median was 1.28.


Be Aware

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


ProCredit Holding AG Cyclically Adjusted Revenue per Share Related Terms


ProCredit Holding AG Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for ProCredit Holding AG'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.

ProCredit Holding AG Cyclically Adjusted Revenue per Share Chart

ProCredit Holding AG 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 0.00 0.00 0.00 6.53 6.69

ProCredit Holding AG 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 6.58 6.65 6.68 6.69 6.80

XTER:PCZ vs JPM, BAC, WFC: Cyclically Adjusted Revenue per Share Comparison

For the Banks - Diversified subindustry, ProCredit Holding AG'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.


ProCredit Holding AG Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, ProCredit Holding AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where ProCredit Holding AG's Cyclically Adjusted PS Ratio falls into.


XTER:PCZ
67GF Score
ProCredit Holding AG XTER:PCZ
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ProCredit Holding AG 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, ProCredit Holding AG'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)
=1.944/131.2583*131.2583
=1.944

Current CPI (Mar. 2026) = 131.2583.

ProCredit Holding AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.413 100.717 1.841
201609 1.315 101.017 1.709
201612 1.449 101.217 1.879
201703 1.189 101.417 1.539
201706 1.192 102.117 1.532
201709 1.264 102.717 1.615
201712 1.505 102.617 1.925
201803 1.024 102.917 1.306
201806 1.039 104.017 1.311
201809 1.037 104.718 1.300
201812 1.332 104.217 1.678
201903 1.058 104.217 1.333
201906 1.082 105.718 1.343
201909 1.184 106.018 1.466
201912 1.355 105.818 1.681
202003 1.122 105.718 1.393
202006 1.104 106.618 1.359
202009 1.137 105.818 1.410
202012 1.278 105.518 1.590
202103 1.124 107.518 1.372
202106 1.181 108.486 1.429
202109 1.261 109.435 1.512
202112 1.574 110.384 1.872
202203 1.384 113.968 1.594
202206 1.394 115.760 1.581
202209 1.458 118.818 1.611
202212 1.796 119.345 1.975
202303 1.609 122.402 1.725
202306 1.828 123.140 1.949
202309 1.797 124.195 1.899
202312 2.109 123.773 2.237
202403 1.889 125.038 1.983
202406 2.018 125.882 2.104
202409 1.811 126.198 1.884
202412 2.109 127.041 2.179
202503 1.825 127.779 1.875
202506 2.003 128.412 2.047
202509 1.821 129.255 1.849
202512 2.160 129.361 2.192
202603 1.944 131.258 1.944

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 €6.80 mean?
ProCredit Holding AG (XTER:PCZ) has a Cyclically Adjusted Revenue per Share of €6.80 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 ProCredit Holding AG and its competitors.
Is ProCredit Holding AG's Cyclically Adjusted Revenue per Share too high?
ProCredit Holding AG's current Cyclically Adjusted Revenue per Share is €6.80. Overall, ProCredit Holding AG has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ProCredit Holding AG's Cyclically Adjusted Revenue per Share compare to JPM and BAC?
ProCredit Holding AG's Cyclically Adjusted Revenue per Share of €6.80 can be compared against companies in the Banks 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 Banks company?
A good Cyclically Adjusted Revenue per Share depends on the Banks 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 ProCredit Holding AG and its competitors. ProCredit Holding AG's current Cyclically Adjusted Revenue per Share is €6.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ProCredit Holding AG stock overvalued right now?
Based on GuruFocus' analysis, ProCredit Holding AG (XTER:PCZ) is currently considered Fairly Valued. The stock's GF Value™ is €8.99, compared to a current price of €8.30 — trading 7.7% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €6.80. ProCredit Holding AG's overall GF Score™ is 67/100 with 3 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 ProCredit Holding AG (XTER:PCZ), the current Cyclically Adjusted Revenue per Share is €6.80 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 ProCredit Holding AG (XTER:PCZ) Overvalued in 2026?

Based on GuruFocus' analysis, ProCredit Holding AG stock appears to be undervalued. The current stock price of €8.30 is trading 7.7% below its estimated GF Value™ of €8.99. GuruFocus considers ProCredit Holding AG to be Fairly Valued.

Key valuation signals for XTER:PCZ:

  • Cyclically Adjusted Revenue per Share: €6.80
  • GF Value™: €8.99 vs. price of €8.30 (7.7% below fair value)
  • GF Score™: 67/100 with 3 warning signs

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


ProCredit Holding AG Business Description

Address Rohmerplatz 33-37, Frankfurt, DEU, 60486
ProCredit Holding AG provides financial products and services. It performs general banking functions like accepting deposits, providing loans, current and savings accounts, and other banking services. The company's geographical segments are South-Eastern Europe, consisting of seven banks in the following countries: Albania, Bosnia and Herzegovina, Bulgaria (including branch operations in Greece), Kosovo, North Macedonia, Romania, and Serbia; Eastern Europe, with three banks located in the following countries, Georgia, Moldova, and Ukraine; South America, consisting of one bank in Ecuador; and Germany, consisting of the ProCredit Bank in Germany, ProCredit Holding, Quipu and the ProCredit Academy in Furth.
67GF Score

Get the complete analysis for XTER:PCZ

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

€8.30
Price
€8.99
GF Value