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Trip.com Group (SGX:K3RD) Cyclically Adjusted Revenue per Share : $4.16 (As of Dec. 2023)


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What is Trip.com 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.

Trip.com Group's adjusted revenue per share for the three months ended in Dec. 2023 was $2.163. 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 $4.16 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Trip.com Group's average Cyclically Adjusted Revenue Growth Rate was 9.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 8.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 17.50% 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 Trip.com Group was 29.90% per year. The lowest was 5.70% per year. And the median was 22.20% per year.

As of today (2024-05-06), Trip.com Group's current stock price is $23.00. Trip.com Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $4.16. Trip.com Group's Cyclically Adjusted PS Ratio of today is 5.53.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Trip.com Group was 26.85. The lowest was 3.43. And the median was 9.94.


Trip.com Group Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Trip.com 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.

Trip.com Group Cyclically Adjusted Revenue per Share Chart

Trip.com 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 3.47 3.64 5.27 3.99 4.16

Trip.com Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.99 3.72 4.08 4.23 4.16

Competitive Comparison of Trip.com Group's Cyclically Adjusted Revenue per Share

For the Travel Services subindustry, Trip.com 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.


Trip.com Group's Cyclically Adjusted PS Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Trip.com Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Trip.com 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, Trip.com Group'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)
=2.163/114.6694*114.6694
=2.163

Current CPI (Dec. 2023) = 114.6694.

Trip.com Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.811 98.600 0.943
201406 0.878 98.200 1.025
201409 1.087 98.900 1.260
201412 1.103 99.000 1.278
201503 1.318 99.900 1.513
201506 1.275 99.500 1.469
201509 1.332 100.500 1.520
201512 1.128 100.600 1.286
201603 1.419 102.200 1.592
201606 1.450 101.400 1.640
201609 1.647 102.400 1.844
201612 1.315 102.600 1.470
201703 1.600 103.200 1.778
201706 1.710 103.100 1.902
201709 1.965 104.100 2.165
201712 1.585 104.500 1.739
201803 1.756 105.300 1.912
201806 1.760 104.900 1.924
201809 2.490 106.600 2.678
201812 1.997 106.500 2.150
201903 1.919 107.700 2.043
201906 2.267 107.700 2.414
201909 2.448 109.800 2.557
201912 1.847 111.200 1.905
202003 1.131 112.300 1.155
202006 0.744 110.400 0.773
202009 1.294 111.700 1.328
202012 1.246 111.500 1.281
202103 1.002 112.662 1.020
202106 1.443 111.769 1.480
202109 1.286 112.215 1.314
202112 1.137 113.108 1.153
202203 1.000 114.335 1.003
202206 0.920 114.558 0.921
202209 1.502 115.339 1.493
202212 1.062 115.116 1.058
202303 1.984 115.116 1.976
202306 2.337 114.558 2.339
202309 2.793 115.339 2.777
202312 2.163 114.669 2.163

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


Trip.com Group  (SGX:K3RD) 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.

Trip.com Group's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=23.00/4.16
=5.53

* 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 Trip.com Group was 26.85. The lowest was 3.43. And the median was 9.94.


Be Aware

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


Trip.com Group Cyclically Adjusted Revenue per Share Related Terms

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


Trip.com Group (SGX:K3RD) Business Description

Industry
Address
968 Jin Zhong Road, Shanghai, CHN, 200335
Trip.com is the largest online travel agent in China and is positioned to benefit from the country's rising demand for higher-margin outbound travel as passport penetration is only 12% in China. The company generated about 78% of sales from accommodation reservations and transportation ticketing in 2020. The rest of revenue comes from package tours and corporate travel. Prior to the pandemic in 2019, the company generated 25% of revenue from international business, which is important to its margin expansion. Most of sales come from websites and mobile platforms, while the rest come from call centers. The competes in a crowded OTA industry in China, including Meituan, Alibaba-backed Fliggy, Tongcheng, and Qunar. The company was founded in 1999 and listed on the Nasdaq in December 2003.

Trip.com Group (SGX:K3RD) Headlines

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