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Shah Alloys (BOM:513436) Cyclically Adjusted Revenue per Share : ₹317.70 (As of Dec. 2023)


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What is Shah Alloys Cyclically Adjusted Revenue per Share?

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.

Shah Alloys's adjusted revenue per share for the three months ended in Dec. 2023 was ₹74.916. 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 ₹317.70 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Shah Alloys's average Cyclically Adjusted Revenue Growth Rate was 3.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -3.40% 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 Shah Alloys was -3.40% per year. The lowest was -3.40% per year. And the median was -3.40% per year.

As of today (2024-05-20), Shah Alloys's current stock price is ₹61.38. Shah Alloys's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was ₹317.70. Shah Alloys's Cyclically Adjusted PS Ratio of today is 0.19.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Shah Alloys was 0.39. The lowest was 0.01. And the median was 0.14.


Shah Alloys Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Shah Alloys'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.

* Premium members only.

Shah Alloys Cyclically Adjusted Revenue per Share Chart

Shah Alloys Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 340.52 317.85 308.95 307.10

Shah Alloys Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 308.75 307.10 311.64 313.89 317.70

Competitive Comparison of Shah Alloys's Cyclically Adjusted Revenue per Share

For the Steel subindustry, Shah Alloys'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.


Shah Alloys's Cyclically Adjusted PS Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shah Alloys's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Shah Alloys 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, Shah Alloys's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=74.916/152.9243*152.9243
=74.916

Current CPI (Dec. 2023) = 152.9243.

Shah Alloys Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 52.035 91.425 87.038
201406 38.834 94.103 63.108
201409 30.705 96.780 48.517
201412 29.796 96.780 47.081
201503 32.688 97.163 51.448
201506 39.677 99.841 60.773
201509 23.411 101.753 35.184
201512 31.407 102.901 46.675
201603 37.388 102.518 55.771
201606 42.073 105.961 60.720
201609 35.338 105.961 51.000
201612 40.449 105.196 58.801
201703 39.323 105.196 57.164
201706 49.161 107.109 70.190
201709 58.359 109.021 81.860
201712 84.509 109.404 118.126
201803 69.168 109.786 96.346
201806 56.542 111.317 77.676
201809 75.014 115.142 99.629
201812 63.586 115.142 84.451
201903 93.231 118.202 120.618
201906 71.283 120.880 90.180
201909 60.442 123.175 75.040
201912 55.697 126.235 67.473
202003 59.093 124.705 72.465
202006 16.759 127.000 20.180
202009 55.698 130.118 65.460
202012 103.926 130.889 121.422
202103 92.680 131.771 107.558
202106 96.457 134.084 110.010
202109 107.326 135.847 120.818
202112 110.730 138.161 122.562
202203 129.842 138.822 143.032
202206 93.690 142.347 100.651
202209 67.407 144.661 71.257
202212 82.311 145.763 86.355
202303 76.777 146.865 79.945
202306 82.435 150.280 83.885
202309 90.777 151.492 91.635
202312 74.916 152.924 74.916

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Shah Alloys  (BOM:513436) 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.

Shah Alloys's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=61.38/317.7
=0.19

* 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 Shah Alloys was 0.39. The lowest was 0.01. And the median was 0.14.


Be Aware

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


Shah Alloys Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Shah Alloys's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Shah Alloys (BOM:513436) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shah Alloys Ltd (BOM:513436) » Definitions » Cyclically Adjusted Revenue per Share
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Address
Shah Alloys Corporate House, Sola-Kalol Road, Village Santej, Taluka Kalol, Gandhinagar, GJ, IND, 382 721
Shah Alloys Ltd manufactures and supplies steel in India. The company is engaged in manufacturing of Stainless steel, Alloys and Special steel, Carbon/mild steel and Armour steel in Flat and long products. The product offered by the group includes hot rolled coils, hot rolled sheets, and plates, cold rolled coils and sheets, hot rolled round bars, hot rolled flat bars, angles, bright/peeled bars, beams, and angles. The firm generates a majority of its revenue from the sale of Iron and Steel products which includes Bars, Beams, Flat, Plate and Coil, Slab and Billets.

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