INA-Industrija Nafte DD (ZAG:INA) Cyclically Adjusted Revenue per Share: €390.39 (As of Jun. 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.

ZAG:INA INA-Industrija Nafte DD ZAG:INA
81 GF Score
Price €505.00
GF Value €515.64
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is INA-Industrija Nafte DD Cyclically Adjusted Revenue per Share?

INA-Industrija Nafte DD ZAG:INA 81 Cyclically Adjusted Revenue per Share is €390.39 as of Jun. 2026. GuruFocus rates ZAG:INA with a GF Score™ of 81/100 and a GF Value™ of €515.64 (Fairly Valued). The stock has 4 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.

INA-Industrija Nafte DD's adjusted revenue per share for the three months ended in Jun. 2026 was €136.195. 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 €390.39 for the trailing ten years ended in Jun. 2026.

During the past 12 months, INA-Industrija Nafte DD's average Cyclically Adjusted Revenue Growth Rate was 7.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 1.80% 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 INA-Industrija Nafte DD was 2.80% per year. The lowest was -1.10% per year. And the median was 1.40% per year.

As of today (2026-09-02), INA-Industrija Nafte DD's current stock price is €505.00. INA-Industrija Nafte DD's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €390.39. INA-Industrija Nafte DD's Cyclically Adjusted PS Ratio of today is 1.29.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of INA-Industrija Nafte DD was 10.75. The lowest was 1.22. And the median was 1.41.


INA-Industrija Nafte DD  (ZAG:INA) 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.

INA-Industrija Nafte DD's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=505.00/390.39
=1.29

* 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 INA-Industrija Nafte DD was 10.75. The lowest was 1.22. And the median was 1.41.


Be Aware

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


INA-Industrija Nafte DD Cyclically Adjusted Revenue per Share Related Terms


INA-Industrija Nafte DD Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for INA-Industrija Nafte DD'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.

INA-Industrija Nafte DD Cyclically Adjusted Revenue per Share Chart

INA-Industrija Nafte DD 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 325.45 343.18 346.27 354.03 368.30

INA-Industrija Nafte DD Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 363.77 367.14 368.30 379.27 390.39

ZAG:INA vs MPC, VLO, PSX: Cyclically Adjusted Revenue per Share Comparison

For the Oil & Gas Refining & Marketing subindustry, INA-Industrija Nafte DD'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.


INA-Industrija Nafte DD Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, INA-Industrija Nafte DD's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where INA-Industrija Nafte DD's Cyclically Adjusted PS Ratio falls into.


ZAG:INA
81GF Score
INA-Industrija Nafte DD ZAG:INA
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

INA-Industrija Nafte DD 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, INA-Industrija Nafte DD's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=136.195/333.9520*333.9520
=136.195

Current CPI (Jun. 2026) = 333.9520.

INA-Industrija Nafte DD Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 62.410 241.428 86.328
201612 59.756 241.432 82.655
201703 51.467 243.801 70.498
201706 61.423 244.955 83.739
201709 68.034 246.819 92.052
201712 69.817 246.524 94.577
201803 49.717 249.554 66.531
201806 78.427 251.989 103.936
201809 90.662 252.439 119.937
201812 82.460 251.233 109.610
201903 57.182 254.202 75.122
201906 74.911 256.143 97.667
201909 91.142 256.759 118.543
201912 80.015 256.974 103.984
202003 51.753 258.115 66.959
202006 41.345 257.797 53.559
202009 54.712 260.280 70.198
202012 43.157 260.474 55.331
202103 51.251 264.877 64.616
202106 69.559 271.696 85.498
202109 91.721 274.310 111.663
202112 78.286 278.802 93.772
202203 80.890 287.504 93.958
202206 127.478 296.311 143.672
202209 154.637 296.808 173.989
202212 109.622 296.797 123.345
202303 76.476 301.836 84.613
202306 90.881 305.109 99.472
202309 121.997 307.789 132.367
202312 100.569 306.746 109.489
202403 81.496 312.332 87.137
202406 94.889 314.175 100.862
202409 115.178 315.301 121.991
202412 98.250 315.605 103.962
202503 91.606 319.799 95.660
202506 92.832 322.561 96.110
202509 108.981 324.800 112.052
202512 90.814 324.054 93.588
202603 87.670 330.213 88.663
202606 136.195 333.952 136.195

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 €390.39 mean?
INA-Industrija Nafte DD (ZAG:INA) has a Cyclically Adjusted Revenue per Share of €390.39 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on INA-Industrija Nafte DD and its competitors.
Is INA-Industrija Nafte DD's Cyclically Adjusted Revenue per Share too high?
INA-Industrija Nafte DD's current Cyclically Adjusted Revenue per Share is €390.39. Overall, INA-Industrija Nafte DD has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does INA-Industrija Nafte DD's Cyclically Adjusted Revenue per Share compare to MPC and VLO?
INA-Industrija Nafte DD's Cyclically Adjusted Revenue per Share of €390.39 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Cyclically Adjusted Revenue per Share depends on the Oil & Gas 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 INA-Industrija Nafte DD and its competitors. INA-Industrija Nafte DD's current Cyclically Adjusted Revenue per Share is €390.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is INA-Industrija Nafte DD stock overvalued right now?
Based on GuruFocus' analysis, INA-Industrija Nafte DD (ZAG:INA) is currently considered Fairly Valued. The stock's GF Value™ is €515.64, compared to a current price of €505.00 — trading 2.1% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €390.39. INA-Industrija Nafte DD's overall GF Score™ is 81/100 with 4 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 INA-Industrija Nafte DD (ZAG:INA), the current Cyclically Adjusted Revenue per Share is €390.39 as of Jun. 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 INA-Industrija Nafte DD (ZAG:INA) Overvalued in 2026?

Based on GuruFocus' analysis, INA-Industrija Nafte DD stock appears to be undervalued. The current stock price of €505.00 is trading 2.1% below its estimated GF Value™ of €515.64. GuruFocus considers INA-Industrija Nafte DD to be Fairly Valued.

Key valuation signals for ZAG:INA:

  • Cyclically Adjusted Revenue per Share: €390.39
  • GF Value™: €515.64 vs. price of €505.00 (2.1% below fair value)
  • GF Score™: 81/100 with 4 warning signs

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


INA-Industrija Nafte DD Business Description

Industry EnergyOil & Gas
Address Avenija Veceslava, Holjevca 10, Zagreb, HRV, 10 020
INA-Industrija Nafte DD is a medium-sized European oil and gas company. It is engaged in exploration and production of oil and gas deposits, import of natural gas and sale of imported and domestically produced natural gas to industrial consumers and municipal gas distributors, refining and production of oil products through refineries located at Rijeka and Sisak, and Zagreb lubricants plants. Its segments are Exploration and Production of Oil & Gas; Refining & Marketing; Corporate and other. Exploration and Production of Oil & Gas segment include exploration, production, and selling of crude oil and natural gas. Refining & Marketing segment includes crude oil processing, wholesale of refinery products, trading, and logistics.
81GF Score

Get the complete analysis for ZAG:INA

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

€505.00
Price
€515.64
GF Value