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Infosys (FRA:IOY) Cyclically Adjusted Revenue per Share : €2.88 (As of Dec. 2023)


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What is Infosys 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.

Infosys's adjusted revenue per share for the three months ended in Dec. 2023 was €1.050. 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 €2.88 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Infosys's average Cyclically Adjusted Revenue Growth Rate was -100.00% 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 Infosys was 29.20% per year. The lowest was 12.50% per year. And the median was 14.40% per year.

As of today (2024-05-19), Infosys's current stock price is €15.35. Infosys's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €2.88. Infosys's Cyclically Adjusted PS Ratio of today is 5.33.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Infosys was 9.51. The lowest was 3.62. And the median was 5.67.


Infosys Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Infosys'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.

Infosys Cyclically Adjusted Revenue per Share Chart

Infosys 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 0.89 0.48 0.39 0.60 -

Infosys 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 0.60 2.81 3.01 2.88 -

Competitive Comparison of Infosys's Cyclically Adjusted Revenue per Share

For the Information Technology Services subindustry, Infosys'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.


Infosys's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Infosys's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Infosys 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, Infosys'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)
=1.05/152.9243*152.9243
=1.050

Current CPI (Dec. 2023) = 152.9243.

Infosys Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.331 91.425 0.554
201406 0.343 94.103 0.557
201409 0.374 96.780 0.591
201412 0.393 96.780 0.621
201503 0.436 97.163 0.686
201506 0.440 99.841 0.674
201509 0.466 101.753 0.700
201512 0.483 102.901 0.718
201603 0.480 102.518 0.716
201606 0.487 105.961 0.703
201609 0.504 105.961 0.727
201612 0.529 105.196 0.769
201703 0.525 105.196 0.763
201706 0.516 107.109 0.737
201709 0.500 109.021 0.701
201712 0.511 109.404 0.714
201803 0.522 109.786 0.727
201806 0.557 111.317 0.765
201809 0.575 115.142 0.764
201812 0.603 115.142 0.801
201903 0.622 118.202 0.805
201906 0.643 120.880 0.813
201909 0.685 123.175 0.850
201912 0.699 126.235 0.847
202003 0.670 124.705 0.822
202006 0.646 127.000 0.778
202009 0.662 130.118 0.778
202012 0.680 130.889 0.794
202103 0.713 131.771 0.827
202106 0.738 134.084 0.842
202109 0.788 135.847 0.887
202112 0.896 138.161 0.992
202203 0.925 138.822 1.019
202206 0.976 142.347 1.049
202209 1.095 144.661 1.158
202212 1.045 145.763 1.096
202303 1.041 146.865 1.084
202306 1.001 150.280 1.019
202309 1.067 151.492 1.077
202312 1.050 152.924 1.050

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


Infosys  (FRA:IOY) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=15.35/2.88
=5.33

* 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 Infosys was 9.51. The lowest was 3.62. And the median was 5.67.


Be Aware

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


Infosys Cyclically Adjusted Revenue per Share Related Terms

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


Infosys (FRA:IOY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Infosys Ltd (FRA:IOY) » Definitions » Cyclically Adjusted Revenue per Share
Address
44, Infosys Avenue, Hosur Road, Electronics City, Bengaluru, KA, IND, 560 100
Infosys is a leading global IT services provider, with nearly 250,000 employees. Based in Bangalore, the Indian IT services firm leverages its offshore outsourcing model to derive 60% of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services and cloud infrastructure services, and business process outsourcing as a service (BPaaS).

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