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Northeast Securities Co (SZSE:000686) Cyclically Adjusted Revenue per Share : ¥2.76 (As of Mar. 2024)


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What is Northeast Securities Co 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.

Northeast Securities Co's adjusted revenue per share for the three months ended in Mar. 2024 was ¥0.548. 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 ¥2.76 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Northeast Securities Co's average Cyclically Adjusted Revenue Growth Rate was 6.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 10.20% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Northeast Securities Co was 16.20% per year. The lowest was 4.40% per year. And the median was 8.80% per year.

As of today (2024-05-26), Northeast Securities Co's current stock price is ¥6.55. Northeast Securities Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ¥2.76. Northeast Securities Co's Cyclically Adjusted PS Ratio of today is 2.37.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Northeast Securities Co was 21.16. The lowest was 2.37. And the median was 4.89.


Northeast Securities Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Northeast Securities Co'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.

Northeast Securities Co Cyclically Adjusted Revenue per Share Chart

Northeast Securities Co 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 1.97 2.10 2.38 2.54 2.72

Northeast Securities Co 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 2.60 2.64 2.69 2.72 2.76

Competitive Comparison of Northeast Securities Co's Cyclically Adjusted Revenue per Share

For the Capital Markets subindustry, Northeast Securities Co'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.


Northeast Securities Co's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

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

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



Northeast Securities Co 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, Northeast Securities Co'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)
=0.548/115.2271*115.2271
=0.548

Current CPI (Mar. 2024) = 115.2271.

Northeast Securities Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.246 98.200 0.289
201409 0.364 98.900 0.424
201412 0.567 99.000 0.660
201503 0.573 99.900 0.661
201506 1.317 99.500 1.525
201509 0.491 100.500 0.563
201512 0.823 100.600 0.943
201603 0.437 102.200 0.493
201606 0.357 101.400 0.406
201609 0.555 102.400 0.625
201612 0.576 102.600 0.647
201703 0.433 103.200 0.483
201706 0.434 103.100 0.485
201709 0.604 104.100 0.669
201712 0.568 104.500 0.626
201803 0.419 105.300 0.459
201806 0.475 104.900 0.522
201809 0.924 106.600 0.999
201812 1.051 106.500 1.137
201903 0.949 107.700 1.015
201906 0.673 107.700 0.720
201909 1.006 109.800 1.056
201912 0.720 111.200 0.746
202003 0.749 112.300 0.769
202006 0.776 110.400 0.810
202009 0.575 111.700 0.593
202012 0.615 111.500 0.636
202103 0.511 112.662 0.523
202106 0.701 111.769 0.723
202109 0.907 112.215 0.931
202112 1.009 113.108 1.028
202203 0.320 114.335 0.322
202206 0.692 114.558 0.696
202209 0.675 115.339 0.674
202212 0.425 115.116 0.425
202303 0.777 115.116 0.778
202306 0.693 114.558 0.697
202309 0.593 115.339 0.592
202312 0.659 114.781 0.662
202403 0.548 115.227 0.548

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


Northeast Securities Co  (SZSE:000686) 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.

Northeast Securities Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=6.55/2.76
=2.37

* 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 Northeast Securities Co was 21.16. The lowest was 2.37. And the median was 4.89.


Be Aware

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


Northeast Securities Co Cyclically Adjusted Revenue per Share Related Terms

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


Northeast Securities Co (SZSE:000686) Business Description

Traded in Other Exchanges
N/A
Address
Jilin No. 6666, Ecological Street, Changchun, Jilin, CHN, 130118
Northeast Securities Co Ltd is engaged in securities related business. The company provides securities brokerage services, securities underwriting service, securities research and consulting, margin financing, and others.
Executives
Zhang Shu Jie Supervisors
Chang Qiu Ping Supervisors
Wu Yuan Jie Director
Yang Jin Ping Directors, executives

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