GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Monex Group Inc (OTCPK:MNXBF) » Definitions » Cyclically Adjusted Revenue per Share

Monex Group (Monex Group) Cyclically Adjusted Revenue per Share : $1.71 (As of Mar. 2024)


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

What is Monex 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.

Monex Group's adjusted revenue per share for the three months ended in Mar. 2024 was $0.964. 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 $1.71 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Monex Group's average Cyclically Adjusted Revenue Growth Rate was 12.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 14.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 14.80% 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 Monex Group was 16.10% per year. The lowest was 9.80% per year. And the median was 14.20% per year.

As of today (2024-05-14), Monex Group's current stock price is $5.01. Monex Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $1.71. Monex Group's Cyclically Adjusted PS Ratio of today is 2.93.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Monex Group was 6.72. The lowest was 1.08. And the median was 2.74.


Monex Group Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Monex 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.

Monex Group Cyclically Adjusted Revenue per Share Chart

Monex Group 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 1.93 1.68 1.62 1.59 1.71

Monex 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 1.59 1.55 1.58 1.65 1.71

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

For the Capital Markets subindustry, Monex 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.


Monex Group's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

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

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



Monex 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, Monex 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)
=0.964/107.2000*107.2000
=0.964

Current CPI (Mar. 2024) = 107.2000.

Monex Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.258 98.000 0.282
201409 0.273 98.500 0.297
201412 0.300 97.900 0.328
201503 0.295 97.900 0.323
201506 0.290 98.400 0.316
201509 0.315 98.500 0.343
201512 0.254 98.100 0.278
201603 0.278 97.900 0.304
201606 0.290 98.100 0.317
201609 0.257 98.000 0.281
201612 0.243 98.400 0.265
201703 0.270 98.100 0.295
201706 0.385 98.500 0.419
201709 0.417 98.800 0.452
201712 0.440 99.400 0.475
201803 0.528 99.200 0.571
201806 0.460 99.200 0.497
201809 0.427 99.900 0.458
201812 0.460 99.700 0.495
201903 0.409 99.700 0.440
201906 0.458 99.800 0.492
201909 0.460 100.100 0.493
201912 0.450 100.500 0.480
202003 0.528 100.300 0.564
202006 0.522 99.900 0.560
202009 0.555 99.900 0.596
202012 0.672 99.300 0.725
202103 1.152 99.900 1.236
202106 0.956 99.500 1.030
202109 0.836 100.100 0.895
202112 0.704 100.100 0.754
202203 0.781 101.100 0.828
202206 0.563 101.800 0.593
202209 0.551 103.100 0.573
202212 0.341 104.100 0.351
202303 1.118 104.400 1.148
202306 0.612 105.200 0.624
202309 0.601 106.200 0.607
202312 0.417 106.800 0.419
202403 0.964 107.200 0.964

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


Monex Group  (OTCPK:MNXBF) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=5.01/1.71
=2.93

* 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 Monex Group was 6.72. The lowest was 1.08. And the median was 2.74.


Be Aware

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


Monex Group Cyclically Adjusted Revenue per Share Related Terms

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


Monex Group (Monex Group) Business Description

Industry
Traded in Other Exchanges
Address
2-4-1, Kojimachi, Chiyoda-ku, Tokyo, JPN, 102-0083
Monex Group Inc is functional in the financial services domain of Japan. Its core business is that of securities trading. Operating in the capital markets industry, the company renders such services as online securities business, the foreign exchange (FX) trading business, as well as the provision of merger and acquisition (M&A) advisory services. Most of its revenue is in the form of brokerage derived from its capital market activities majorly in Japan and on a minor scale in the United States and China.