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Nikon (NINOF) Cyclically Adjusted Revenue per Share : $12.84 (As of Dec. 2023)


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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 Dec. 2023 was $3.941. 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 $12.84 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Nikon's average Cyclically Adjusted Revenue Growth Rate was -1.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -3.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -3.30% 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 -3.10% per year.

As of today (2024-04-28), Nikon's current stock price is $10.245. Nikon's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $12.84. Nikon's Cyclically Adjusted PS Ratio of today is 0.80.

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 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.27 20.30 14.75 15.93 13.50

Nikon 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 14.24 13.50 12.54 13.76 12.84

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 Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3.941/106.8000*106.8000
=3.941

Current CPI (Dec. 2023) = 106.8000.

Nikon Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 6.104 95.700 6.812
201406 4.378 98.000 4.771
201409 4.623 98.500 5.013
201412 5.120 97.900 5.585
201503 5.017 97.900 5.473
201506 3.780 98.400 4.103
201509 4.460 98.500 4.836
201512 4.504 98.100 4.903
201603 5.006 97.900 5.461
201606 4.048 98.100 4.407
201609 4.315 98.000 4.702
201612 4.837 98.400 5.250
201703 4.081 98.100 4.443
201706 3.865 98.500 4.191
201709 3.592 98.800 3.883
201712 4.385 99.400 4.711
201803 4.550 99.200 4.899
201806 3.815 99.200 4.107
201809 3.789 99.900 4.051
201812 4.271 99.700 4.575
201903 4.127 99.700 4.421
201906 3.343 99.800 3.577
201909 3.522 100.100 3.758
201912 3.624 100.500 3.851
202003 3.627 100.300 3.862
202006 1.639 99.900 1.752
202009 2.861 99.900 3.059
202012 3.933 99.300 4.230
202103 3.131 99.900 3.347
202106 3.255 99.500 3.494
202109 3.460 100.100 3.692
202112 3.171 100.100 3.383
202203 3.043 101.100 3.215
202206 2.951 101.800 3.096
202209 2.737 103.100 2.835
202212 3.477 104.100 3.567
202303 3.666 104.400 3.750
202306 3.214 105.200 3.263
202309 3.363 106.200 3.382
202312 3.941 106.800 3.941

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


Nikon  (OTCPK:NINOF) 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
=10.245/12.84
=0.80

* 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 (NINOF) 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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