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Nikon (TSE:7731) Cyclically Adjusted Revenue per Share : 円1,900.40 (As of Mar. 2024)


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What is Nikon 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.

Nikon's adjusted revenue per share for the three months ended in Mar. 2024 was 円540.789. 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 円1,900.40 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Nikon's average Cyclically Adjusted Revenue Growth Rate was -1.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -2.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -3.10% 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 Nikon was -1.50% per year. The lowest was -3.80% per year. And the median was -2.70% per year.

As of today (2024-06-02), Nikon's current stock price is 円1630.00. Nikon's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円1,900.40. Nikon's Cyclically Adjusted PS Ratio of today is 0.86.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Nikon was 1.05. The lowest was 0.30. And the median was 0.71.


Nikon Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Nikon'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.

Nikon Cyclically Adjusted Revenue per Share Chart

Nikon 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 2,155.53 2,035.77 1,960.53 1,919.00 1,900.40

Nikon 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 1,919.00 1,912.22 1,915.25 1,909.15 1,900.40

Competitive Comparison of Nikon's Cyclically Adjusted Revenue per Share

For the Leisure subindustry, Nikon'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.


Nikon's Cyclically Adjusted PS Ratio Distribution in the Travel & Leisure Industry

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

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



Nikon 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, Nikon'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)
=540.789/107.2000*107.2000
=540.789

Current CPI (Mar. 2024) = 107.2000.

Nikon Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 446.850 98.000 488.799
201409 496.670 98.500 540.538
201412 610.933 97.900 668.969
201503 603.971 97.900 661.345
201506 467.626 98.400 509.446
201509 535.916 98.500 583.251
201512 547.858 98.100 598.679
201603 565.283 97.900 618.982
201606 426.411 98.100 465.966
201609 439.183 98.000 480.412
201612 561.117 98.400 611.298
201703 460.824 98.100 503.571
201706 428.644 98.500 466.504
201709 397.910 98.800 431.740
201712 495.222 99.400 534.082
201803 482.535 99.200 521.449
201806 419.908 99.200 453.772
201809 424.751 99.900 455.789
201812 479.260 99.700 515.313
201903 458.682 99.700 493.187
201906 361.255 99.800 388.041
201909 378.735 100.100 405.598
201912 395.360 100.500 421.717
202003 390.534 100.300 417.400
202006 176.298 99.900 189.181
202009 302.132 99.900 324.210
202012 408.188 99.300 440.662
202103 340.348 99.900 365.218
202106 358.445 99.500 386.184
202109 381.125 100.100 408.158
202112 361.017 100.100 386.624
202203 360.805 101.100 382.575
202206 395.370 101.800 416.342
202209 392.146 103.100 407.741
202212 469.053 104.100 483.021
202303 489.966 104.400 503.107
202306 454.288 105.200 462.925
202309 497.213 106.200 501.895
202312 567.417 106.800 569.542
202403 540.789 107.200 540.789

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


Nikon  (TSE:7731) 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.

Nikon's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1630.00/1900.4
=0.86

* 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 Nikon was 1.05. The lowest was 0.30. And the median was 0.71.


Be Aware

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


Nikon Cyclically Adjusted Revenue per Share Related Terms

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


Nikon (TSE:7731) Business Description

Industry
Traded in Other Exchanges
Address
Konan 2-15-3 Shinagawa Intercity Building C, Minato-ku, Tokyo, JPN, 108-6290
Nikon manufactures photography and videography equipment. The company organises itself into various segments based on product type: imaging products, precision equipment, instruments, medical, and other business. The imaging products and precision equipment businesses collectively constitute the vast majority of company revenue. The imaging products business, which contributes more than half of consolidated revenue, principally produces digital cameras and interchangeable lenses. The precision equipment business produces semiconductor lithography systems for the production of semiconductors, and FPD lithography systems for the production of LCD and OLED panels.

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