REC Silicon ASA (XTER:R3Q) Cyclically Adjusted Revenue per Share: €3.94 (As of Mar. 2026)

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XTER:R3Q REC Silicon ASA XTER:R3Q
25 GF Score
Price €0.18
GF Value €0.93
! 7 Warning Signs
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What is REC Silicon ASA Cyclically Adjusted Revenue per Share?

REC Silicon ASA XTER:R3Q 25 Cyclically Adjusted Revenue per Share is €3.94 as of Mar. 2026. GuruFocus rates XTER:R3Q with a GF Score™ of 25/100 and a GF Value™ of €0.93. The stock has 7 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.

REC Silicon ASA's adjusted revenue per share for the three months ended in Mar. 2026 was €0.004. 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 €3.94 for the trailing ten years ended in Mar. 2026.

During the past 12 months, REC Silicon ASA's average Cyclically Adjusted Revenue Growth Rate was -80.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -9.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -21.50% 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 REC Silicon ASA was -9.60% per year. The lowest was -40.70% per year. And the median was -26.60% per year.

As of today (2026-07-21), REC Silicon ASA's current stock price is €0.17642. REC Silicon ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €3.94. REC Silicon ASA's Cyclically Adjusted PS Ratio of today is 0.04.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of REC Silicon ASA was 1.45. The lowest was 0.02. And the median was 0.17.


REC Silicon ASA  (XTER:R3Q) 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.

REC Silicon ASA's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.17642/3.94
=0.04

* 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 REC Silicon ASA was 1.45. The lowest was 0.02. And the median was 0.17.


Be Aware

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


REC Silicon ASA Cyclically Adjusted Revenue per Share Related Terms


REC Silicon ASA Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for REC Silicon ASA'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.

REC Silicon ASA Cyclically Adjusted Revenue per Share Chart

REC Silicon ASA 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 0.13 0.11 0.10 0.32 0.92

REC Silicon ASA 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 0.97 0.44 0.71 0.92 3.94

XTER:R3Q vs TRT, SODI, RBCN: Cyclically Adjusted Revenue per Share Comparison

For the Semiconductor Equipment & Materials subindustry, REC Silicon ASA'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.


REC Silicon ASA Cyclically Adjusted PS Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, REC Silicon ASA's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where REC Silicon ASA's Cyclically Adjusted PS Ratio falls into.


XTER:R3Q
25GF Score
REC Silicon ASA XTER:R3Q
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

REC Silicon ASA 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, REC Silicon ASA'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)
=0.004/141.0300*141.0300
=0.004

Current CPI (Mar. 2026) = 141.0300.

REC Silicon ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.223 103.800 0.303
201609 0.123 104.200 0.166
201612 0.215 104.400 0.290
201703 0.142 105.000 0.191
201706 0.118 105.800 0.157
201709 0.176 105.900 0.234
201712 0.165 106.100 0.219
201803 0.125 107.300 0.164
201806 0.135 108.500 0.175
201809 0.102 109.500 0.131
201812 0.113 109.800 0.145
201903 0.103 110.400 0.132
201906 0.103 110.600 0.131
201909 0.077 111.100 0.098
201912 0.072 111.300 0.091
202003 0.057 111.200 0.072
202006 0.046 112.100 0.058
202009 0.062 112.900 0.077
202012 0.064 112.900 0.080
202103 0.037 114.600 0.046
202106 0.037 115.300 0.045
202109 0.069 117.500 0.083
202112 0.055 118.900 0.065
202203 0.049 119.800 0.058
202206 0.072 122.600 0.083
202209 0.061 125.600 0.068
202212 0.044 125.900 0.049
202303 0.042 127.600 0.046
202306 0.046 130.400 0.050
202309 0.053 129.800 0.058
202312 0.059 131.900 0.063
202403 0.062 132.600 0.066
202406 0.054 133.800 0.057
202409 0.049 133.700 0.052
202412 0.045 134.800 0.047
202503 0.032 136.100 0.033
202506 0.033 137.800 0.034
202509 0.021 138.500 0.021
202512 0.027 139.100 0.027
202603 0.004 141.030 0.004

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 €3.94 mean?
REC Silicon ASA (XTER:R3Q) has a Cyclically Adjusted Revenue per Share of €3.94 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 REC Silicon ASA and its competitors.
Is REC Silicon ASA's Cyclically Adjusted Revenue per Share too high?
REC Silicon ASA's current Cyclically Adjusted Revenue per Share is €3.94. Overall, REC Silicon ASA has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does REC Silicon ASA's Cyclically Adjusted Revenue per Share compare to TRT and SODI?
REC Silicon ASA's Cyclically Adjusted Revenue per Share of €3.94 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Cyclically Adjusted Revenue per Share depends on the Semiconductors 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 REC Silicon ASA and its competitors. REC Silicon ASA's current Cyclically Adjusted Revenue per Share is €3.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is REC Silicon ASA stock overvalued right now?
REC Silicon ASA (XTER:R3Q) has a current Cyclically Adjusted Revenue per Share of €3.94. The stock's GF Value™ is €0.93, compared to a current price of €0.18 — trading 81% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €3.94. REC Silicon ASA's overall GF Score™ is 25/100 with 7 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 REC Silicon ASA (XTER:R3Q), the current Cyclically Adjusted Revenue per Share is €3.94 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 REC Silicon ASA (XTER:R3Q) Overvalued in 2026?

Based on GuruFocus' analysis, REC Silicon ASA stock appears to be undervalued. The current stock price of €0.18 is trading 81% below its estimated GF Value™ of €0.93.

Key valuation signals for XTER:R3Q:

  • Cyclically Adjusted Revenue per Share: €3.94
  • GF Value™: €0.93 vs. price of €0.18 (81% below fair value)
  • GF Score™: 25/100 with 7 warning signs

No single metric tells the full story. See the XTER:R3Q stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


REC Silicon ASA Business Description

Address Lysaker Torg 5, 3. etg, PO Box 63, Lysaker, NOR, 1324
REC Silicon ASA is a producer of silicon materials, supplying high-purity polysilicon and silicon gases to the solar and electronics industries. The product offered by the group includes Solar grade polysilicon, Electronic grade polysilicon, and Silicon gases. It operates in two segments, namely Solar Materials and Semiconductor Materials. The majority of the firm's revenue is generated through the Semiconductor Materials segment. The company operates geographically in the USA, Korea, China, Taiwan, Japan, France, Singapore, Denmark, Malaysia, Belgium, Ireland, India, Israel, Vietnam, Norway,and Other North American countries, with majority of revenue from the USA.
25GF Score

Get the complete analysis for XTER:R3Q

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

€0.18
Price
€0.93
GF Value