GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Essent Group Ltd (FRA:EG0) » Definitions » Cyclically Adjusted Revenue per Share

Essent Group (FRA:EG0) Cyclically Adjusted Revenue per Share : €7.88 (As of Mar. 2024)


View and export this data going back to 2013. Start your Free Trial

What is Essent Group 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.

Essent Group's adjusted revenue per share for the three months ended in Mar. 2024 was €2.587. 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 €7.88 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Essent Group's average Cyclically Adjusted Revenue Growth Rate was 14.20% 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 (2024-05-28), Essent Group's current stock price is €51.50. Essent Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €7.88. Essent Group's Cyclically Adjusted PS Ratio of today is 6.54.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Essent Group was 7.22. The lowest was 4.84. And the median was 5.98.


Essent Group Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Essent Group'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.

Essent Group Cyclically Adjusted Revenue per Share Chart

Essent Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 6.82 7.50

Essent Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 6.81 7.06 7.73 7.50 7.88

Competitive Comparison of Essent Group's Cyclically Adjusted Revenue per Share

For the Insurance - Specialty subindustry, Essent Group'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.


Essent Group's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Essent Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Essent Group 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, Essent Group'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)
=2.587/131.7762*131.7762
=2.587

Current CPI (Mar. 2024) = 131.7762.

Essent Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.472 100.560 0.619
201409 0.590 100.428 0.774
201412 0.671 99.070 0.893
201503 0.808 99.621 1.069
201506 0.817 100.684 1.069
201509 0.890 100.392 1.168
201512 0.974 99.792 1.286
201603 1.002 100.470 1.314
201606 1.045 101.688 1.354
201609 1.169 101.861 1.512
201612 1.294 101.863 1.674
201703 1.282 102.862 1.642
201706 1.315 103.349 1.677
201709 1.311 104.136 1.659
201712 1.382 104.011 1.751
201803 1.387 105.290 1.736
201806 1.520 106.317 1.884
201809 1.618 106.507 2.002
201812 1.731 105.998 2.152
201903 1.809 107.251 2.223
201906 1.910 108.070 2.329
201909 2.092 108.329 2.545
201912 2.095 108.420 2.546
202003 2.106 108.902 2.548
202006 2.043 108.767 2.475
202009 1.843 109.815 2.212
202012 1.809 109.897 2.169
202103 1.826 111.754 2.153
202106 1.795 114.631 2.063
202109 1.853 115.734 2.110
202112 1.946 117.630 2.180
202203 2.006 121.301 2.179
202206 2.138 125.017 2.254
202209 2.373 125.227 2.497
202212 2.088 125.222 2.197
202303 2.248 127.348 2.326
202306 2.284 128.729 2.338
202309 2.620 129.860 2.659
202312 2.556 129.419 2.603
202403 2.587 131.776 2.587

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


Essent Group  (FRA:EG0) 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.

Essent Group's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=51.50/7.88
=6.54

* 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 Essent Group was 7.22. The lowest was 4.84. And the median was 5.98.


Be Aware

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


Essent Group Cyclically Adjusted Revenue per Share Related Terms

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


Essent Group (FRA:EG0) Business Description

Industry
Traded in Other Exchanges
Address
2 Church Street, Clarendon House, Hamilton, BMU, HM 11
Essent Group Ltd is a private mortgage insurance company in the United States. Essent provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. By providing capital to mitigate mortgage credit risk, the company allows lenders to make additional mortgage financing available to prospective homeowners. Essent writes mortgage guaranty coverage in all 50 states and the District of Columbia.

Essent Group (FRA:EG0) Headlines

No Headlines