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Marico (BOM:531642) Cyclically Adjusted Revenue per Share : ₹72.76 (As of Mar. 2024)


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What is Marico 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.

Marico's adjusted revenue per share for the three months ended in Mar. 2024 was ₹17.556. 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 ₹72.76 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Marico's average Cyclically Adjusted Revenue Growth Rate was 5.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.10% 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 Marico was 7.50% per year. The lowest was 7.10% per year. And the median was 7.30% per year.

As of today (2024-06-08), Marico's current stock price is ₹653.00. Marico's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹72.76. Marico's Cyclically Adjusted PS Ratio of today is 8.97.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Marico was 9.43. The lowest was 4.46. And the median was 7.32.


Marico Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Marico'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.

Marico Cyclically Adjusted Revenue per Share Chart

Marico Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.69 59.23 64.15 69.16 72.76

Marico Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
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 68.23 69.16 71.42 72.51 72.76

Competitive Comparison of Marico's Cyclically Adjusted Revenue per Share

For the Household & Personal Products subindustry, Marico'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.


Marico's Cyclically Adjusted PS Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Marico's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Marico 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, Marico's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=17.556/153.0345*153.0345
=17.556

Current CPI (Mar. 2024) = 153.0345.

Marico Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 8.289 91.425 13.875
201406 12.541 94.103 20.395
201409 11.057 96.780 17.484
201412 11.238 96.780 17.770
201503 9.477 97.163 14.927
201506 13.762 99.841 21.094
201509 11.549 101.753 17.369
201512 12.050 102.901 17.921
201603 10.264 102.518 15.322
201606 13.801 105.961 19.932
201609 11.389 105.961 16.449
201612 11.132 105.196 16.194
201703 10.213 105.196 14.857
201706 13.048 107.109 18.643
201709 11.939 109.021 16.759
201712 12.596 109.404 17.619
201803 11.475 109.786 15.995
201806 15.739 111.317 21.637
201809 14.297 115.142 19.002
201812 14.449 115.142 19.204
201903 11.968 118.202 15.495
201906 16.737 120.880 21.189
201909 14.217 123.175 17.663
201912 14.082 126.235 17.072
202003 11.086 124.705 13.604
202006 14.854 127.000 17.899
202009 15.445 130.118 18.165
202012 16.451 130.889 19.234
202103 15.105 131.771 17.543
202106 19.576 134.084 22.343
202109 18.710 135.847 21.077
202112 18.635 138.161 20.641
202203 16.270 138.822 17.936
202206 19.788 142.347 21.274
202209 19.238 144.661 20.352
202212 19.052 145.763 20.002
202303 17.350 146.865 18.079
202309 19.149 151.492 19.344
202312 18.718 152.924 18.731
202403 17.556 153.035 17.556

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


Marico  (BOM:531642) 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.

Marico's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=653.00/72.76
=8.97

* 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 Marico was 9.43. The lowest was 4.46. And the median was 7.32.


Be Aware

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


Marico Cyclically Adjusted Revenue per Share Related Terms

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


Marico (BOM:531642) Business Description

Industry
Traded in Other Exchanges
Address
175, CST Road, 7th floor, Grande Palladium, Kalina, Santacruz (East), Mumbai, MH, IND, 400 098
Marico Ltd is an Indian beauty and wellness products company. The company is present in emerging markets across Asia and Africa. The cosmetic product categories are hair care, male grooming, skin care, edible oils, health foods, and fabric care. Locally, Marico sells under brands such as Parachute, Parachute Advansed, Nihar, Nihar Naturals, Saffola, Hair & Care, Livon, Set Wet, Mediker, and Revive. Internationally, the company offers the following brands: Parachute, HairCode, Hercules, Black Chic, Code 10, Fiancee, Caivil, Ingwe, X-Men, and Thuan Phat.

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