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Brown-Forman (Brown-Forman) Cyclically Adjusted Revenue per Share : $8.52 (As of Jan. 2024)


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What is Brown-Forman 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.

Brown-Forman's adjusted revenue per share for the three months ended in Jan. 2024 was $2.248. 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 $8.52 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Brown-Forman's average Cyclically Adjusted Revenue Growth Rate was 4.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.40% 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 Brown-Forman was 8.50% per year. The lowest was 2.60% per year. And the median was 4.70% per year.

As of today (2024-04-27), Brown-Forman's current stock price is $49.46. Brown-Forman's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 was $8.52. Brown-Forman's Cyclically Adjusted PS Ratio of today is 5.81.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Brown-Forman was 12.42. The lowest was 5.74. And the median was 8.01.


Brown-Forman Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Brown-Forman'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.

Brown-Forman Cyclically Adjusted Revenue per Share Chart

Brown-Forman Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.08 5.78 6.33 6.98 8.20

Brown-Forman Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 7.92 8.20 8.36 8.48 8.52

Competitive Comparison of Brown-Forman's Cyclically Adjusted Revenue per Share

For the Beverages - Wineries & Distilleries subindustry, Brown-Forman'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.


Brown-Forman's Cyclically Adjusted PS Ratio Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Brown-Forman's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Brown-Forman 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, Brown-Forman's adjusted Revenue per Share data for the three months ended in Jan. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=2.248/129.4194*129.4194
=2.248

Current CPI (Jan. 2024) = 129.4194.

Brown-Forman Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201404 1.282 100.023 1.659
201407 1.312 100.520 1.689
201410 1.643 100.176 2.123
201501 1.530 98.604 2.008
201504 1.399 99.824 1.814
201507 1.340 100.691 1.722
201510 1.663 100.346 2.145
201601 1.599 99.957 2.070
201604 1.455 100.947 1.865
201607 1.335 101.524 1.702
201610 1.695 101.988 2.151
201701 1.670 102.456 2.109
201704 1.438 103.167 1.804
201707 1.497 103.278 1.876
201710 1.891 104.070 2.352
201801 1.813 104.578 2.244
201804 1.507 105.708 1.845
201807 1.581 106.324 1.924
201810 1.882 106.695 2.283
201901 1.883 106.200 2.295
201904 1.549 107.818 1.859
201907 1.596 108.250 1.908
201910 2.058 108.577 2.453
202001 1.870 108.841 2.224
202004 1.476 108.173 1.766
202007 1.567 109.318 1.855
202010 2.049 109.861 2.414
202101 1.895 110.364 2.222
202104 1.689 112.673 1.940
202107 1.885 115.183 2.118
202110 2.069 116.696 2.295
202201 2.158 118.619 2.354
202204 2.073 121.978 2.199
202207 2.096 125.002 2.170
202210 2.277 125.734 2.344
202301 2.250 126.223 2.307
202304 2.177 127.992 2.201
202307 2.161 128.974 2.168
202310 2.306 129.810 2.299
202401 2.248 129.419 2.248

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


Brown-Forman  (NYSE:BF.A) 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.

Brown-Forman's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=49.46/8.52
=5.81

* 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 Brown-Forman was 12.42. The lowest was 5.74. And the median was 8.01.


Be Aware

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


Brown-Forman Cyclically Adjusted Revenue per Share Related Terms

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


Brown-Forman (Brown-Forman) Business Description

Traded in Other Exchanges
Address
850 Dixie Highway, Louisville, KY, USA, 40210
Brown-Forman is a U.S.-based manufacturer of premium distilled spirits that generates close to 70% of revenues in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generates 47% of sales from its home market, while the bulk of international revenues come from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and a 67% voting power of the company.
Executives
De Chabert Ralph E officer: SVP, Chief Diversity Officer 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Augusta Brown Holland director 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Kelli Nelson officer: SVP, Chief Accounting Officer 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Chavanne Patrick Bousquet director 767 FIFTH AVENUE, NEW YORK NY 10153
Matthew E Hamel officer: EVP, Gen Counsel and Secretary 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Michael Todman director C/O TMA LIMITED, LLC, 500 RENAISSANCE DRIVE, SUITE 103B, ST. JOSEPH MI 49085
Matias Bentel officer: SVP, Chief Brands Officer 850 DIXIE HWY, LOUISVILLE KY 40210
John V. Hayes officer: SVP/President, USA & Canada 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Tracy L Skeans director 1441 GARDINER LANE, LOUISVILLE KY 40213
Thomas Hinrichs officer: SVP/Pres., Emerging Intl 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Kirsten M Hawley officer: SVP, Chief HR Officer 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Kathleen M. Gutmann director 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Alejandro A Alvarez officer: SVP, Chief Production Officer 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Lawson E Whiting director, officer: President & CEO 850 DIXIE HIGHWAY, LOUISVILLE KY 40228
John D. Cook director 850 DIXIE HIGHWAY, LOUISVILLE KY 40210

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