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HIM International Music (ROCO:8446) Cyclically Adjusted Revenue per Share : NT$28.27 (As of Mar. 2024)


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What is HIM International Music 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.

HIM International Music's adjusted revenue per share for the three months ended in Mar. 2024 was NT$4.852. 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 NT$28.27 for the trailing ten years ended in Mar. 2024.

During the past 12 months, HIM International Music's average Cyclically Adjusted Revenue Growth Rate was 3.20% 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), HIM International Music's current stock price is NT$105.00. HIM International Music's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$28.27. HIM International Music's Cyclically Adjusted PS Ratio of today is 3.71.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of HIM International Music was 5.02. The lowest was 2.63. And the median was 3.52.


HIM International Music Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for HIM International Music'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.

HIM International Music Cyclically Adjusted Revenue per Share Chart

HIM International Music 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 - - 25.38 26.96 27.66

HIM International Music 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 27.40 27.72 27.83 27.66 28.27

Competitive Comparison of HIM International Music's Cyclically Adjusted Revenue per Share

For the Entertainment subindustry, HIM International Music'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.


HIM International Music's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, HIM International Music's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



HIM International Music 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, HIM International Music'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)
=4.852/131.7762*131.7762
=4.852

Current CPI (Mar. 2024) = 131.7762.

HIM International Music Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.690 100.560 4.835
201409 5.663 100.428 7.431
201412 4.879 99.070 6.490
201503 3.732 99.621 4.937
201506 5.136 100.684 6.722
201509 4.851 100.392 6.368
201512 5.790 99.792 7.646
201603 4.582 100.470 6.010
201606 6.229 101.688 8.072
201609 8.299 101.861 10.736
201612 11.052 101.863 14.298
201703 4.708 102.862 6.031
201706 6.368 103.349 8.120
201709 7.613 104.136 9.634
201712 9.013 104.011 11.419
201803 6.124 105.290 7.665
201806 9.560 106.317 11.849
201809 7.621 106.507 9.429
201812 8.036 105.998 9.990
201903 6.147 107.251 7.553
201906 7.268 108.070 8.862
201909 7.347 108.329 8.937
201912 7.543 108.420 9.168
202003 5.931 108.902 7.177
202006 5.134 108.767 6.220
202009 5.285 109.815 6.342
202012 5.625 109.897 6.745
202103 4.487 111.754 5.291
202106 3.462 114.631 3.980
202109 3.441 115.734 3.918
202112 4.407 117.630 4.937
202203 4.163 121.301 4.523
202206 3.684 125.017 3.883
202209 4.274 125.227 4.498
202212 4.809 125.222 5.061
202303 4.617 127.348 4.778
202306 5.773 128.729 5.910
202309 5.084 129.860 5.159
202312 7.110 129.419 7.239
202403 4.852 131.776 4.852

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


HIM International Music  (ROCO:8446) 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.

HIM International Music's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=105.00/28.27
=3.71

* 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 HIM International Music was 5.02. The lowest was 2.63. And the median was 3.52.


Be Aware

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


HIM International Music Cyclically Adjusted Revenue per Share Related Terms

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


HIM International Music (ROCO:8446) Business Description

Traded in Other Exchanges
N/A
Address
Jian Guo N Road, Sector 2, 15th Floor, No 135, Taipei County, TWN
HIM International Music Inc is a Taiwan based media company. The company is engaged in organizing media activities such as live events, autograph sessions, and endorsement activities. It also provides music records and albums. The company also arrange concerts in Taiwan.

HIM International Music (ROCO:8446) Headlines

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