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Manchester United (STU:MUF) Cyclically Adjusted Revenue per Share : €4.83 (As of Dec. 2023)


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What is Manchester United 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.

Manchester United's adjusted revenue per share for the three months ended in Dec. 2023 was €1.601. 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 €4.83 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Manchester United's average Cyclically Adjusted Revenue Growth Rate was 5.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.40% 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 Manchester United was 6.40% per year. The lowest was 6.40% per year. And the median was 6.40% per year.

As of today (2024-05-26), Manchester United's current stock price is €15.425. Manchester United's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €4.83. Manchester United's Cyclically Adjusted PS Ratio of today is 3.19.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Manchester United was 5.10. The lowest was 2.15. And the median was 3.50.


Manchester United Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Manchester United'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.

Manchester United Cyclically Adjusted Revenue per Share Chart

Manchester United Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 3.86 3.80 4.74 4.93

Manchester United 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 4.73 4.80 4.93 5.10 4.83

Competitive Comparison of Manchester United's Cyclically Adjusted Revenue per Share

For the Entertainment subindustry, Manchester United'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.


Manchester United's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

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

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



Manchester United 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, Manchester United'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)
=1.601/130.5000*130.5000
=1.601

Current CPI (Dec. 2023) = 130.5000.

Manchester United Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.847 99.300 1.113
201406 0.730 99.800 0.955
201409 0.683 100.000 0.891
201412 0.818 99.900 1.069
201503 0.799 99.600 1.047
201506 0.896 100.100 1.168
201509 1.028 100.200 1.339
201512 1.119 100.400 1.454
201603 0.961 100.400 1.249
201606 1.035 101.000 1.337
201609 0.856 101.500 1.101
201612 1.136 102.200 1.451
201703 0.893 102.700 1.135
201706 1.218 103.500 1.536
201709 0.976 104.300 1.221
201712 1.224 105.000 1.521
201803 1.012 105.100 1.257
201806 0.843 105.900 1.039
201809 0.918 106.600 1.124
201812 1.410 107.100 1.718
201903 1.077 107.000 1.314
201906 0.891 107.900 1.078
201909 0.923 108.400 1.111
201912 1.206 108.500 1.451
202003 0.842 108.600 1.012
202006 0.555 108.800 0.666
202009 0.735 109.200 0.878
202012 1.169 109.400 1.394
202103 0.846 109.700 1.006
202106 0.672 111.400 0.787
202109 0.906 112.400 1.052
202112 1.339 114.700 1.523
202203 1.122 116.500 1.257
202206 0.847 120.500 0.917
202209 1.008 122.300 1.076
202212 1.176 125.300 1.225
202303 1.182 126.800 1.216
202306 1.196 129.400 1.206
202309 1.117 130.100 1.120
202312 1.601 130.500 1.601

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


Manchester United  (STU:MUF) 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.

Manchester United's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=15.425/4.83
=3.19

* 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 Manchester United was 5.10. The lowest was 2.15. And the median was 3.50.


Be Aware

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


Manchester United Cyclically Adjusted Revenue per Share Related Terms

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


Manchester United (STU:MUF) Business Description

Traded in Other Exchanges
Address
Sir Matt Busby Way, Old Trafford, Manchester, GBR, M16 0RA
Manchester United PLC operates a professional football club together with related and ancillary activities. The company manages the soccer team and all affiliated club activities of the Manchester United Football Club, which includes the media network, foundation, fan zone, news, and sports features, and team merchandise. Manchester United is based in England. The company has three principal sectors from which the majority of the revenue is generated including Commercial, Broadcasting, and Matchday.

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