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Noah Holdings (Noah Holdings) Cyclically Adjusted Revenue per Share : $7.56 (As of Dec. 2023)


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What is Noah Holdings 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.

Noah Holdings's adjusted revenue per share for the three months ended in Dec. 2023 was $1.605. 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 $7.56 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Noah Holdings's average Cyclically Adjusted Revenue Growth Rate was 4.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.90% 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 Noah Holdings was 11.50% per year. The lowest was 8.90% per year. And the median was 10.20% per year.

As of today (2024-04-28), Noah Holdings's current stock price is $12.72. Noah Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $7.56. Noah Holdings's Cyclically Adjusted PS Ratio of today is 1.68.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Noah Holdings was 11.20. The lowest was 1.34. And the median was 4.67.


Noah Holdings Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Noah Holdings'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.

Noah Holdings Cyclically Adjusted Revenue per Share Chart

Noah Holdings 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 5.24 5.85 6.66 7.27 7.56

Noah Holdings 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 7.27 7.37 7.43 7.54 7.56

Competitive Comparison of Noah Holdings's Cyclically Adjusted Revenue per Share

For the Asset Management subindustry, Noah Holdings'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.


Noah Holdings's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Noah Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Noah Holdings 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, Noah Holdings'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)
=1.605/114.6694*114.6694
=1.605

Current CPI (Dec. 2023) = 114.6694.

Noah Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.896 98.600 1.042
201406 1.265 98.200 1.477
201409 1.116 98.900 1.294
201412 1.101 99.000 1.275
201503 1.220 99.900 1.400
201506 1.538 99.500 1.772
201509 1.358 100.500 1.549
201512 1.585 100.600 1.807
201603 1.550 102.200 1.739
201606 1.644 101.400 1.859
201609 1.509 102.400 1.690
201612 2.270 102.600 2.537
201703 1.721 103.200 1.912
201706 1.726 103.100 1.920
201709 1.715 104.100 1.889
201712 1.804 104.500 1.980
201803 2.143 105.300 2.334
201806 2.031 104.900 2.220
201809 1.986 106.600 2.136
201812 1.909 106.500 2.055
201903 2.126 107.700 2.264
201906 2.039 107.700 2.171
201909 1.916 109.800 2.001
201912 1.820 111.200 1.877
202003 1.714 112.300 1.750
202006 1.704 110.400 1.770
202009 2.032 111.700 2.086
202012 2.308 111.500 2.374
202103 2.784 112.662 2.834
202106 2.075 111.769 2.129
202109 2.081 112.215 2.127
202112 2.926 113.108 2.966
202203 1.858 114.335 1.863
202206 1.638 114.558 1.640
202209 1.408 115.339 1.400
202212 1.817 115.116 1.810
202303 1.677 115.116 1.670
202306 1.892 114.558 1.894
202309 1.484 115.339 1.475
202312 1.605 114.669 1.605

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


Noah Holdings  (NYSE:NOAH) 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.

Noah Holdings's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=12.72/7.56
=1.68

* 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 Noah Holdings was 11.20. The lowest was 1.34. And the median was 4.67.


Be Aware

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


Noah Holdings Cyclically Adjusted Revenue per Share Related Terms

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


Noah Holdings (Noah Holdings) Business Description

Industry
Traded in Other Exchanges
Address
1687 Changyang Road, Changyang Valley, Building 2, Shanghai, CHN, 200090
Noah Holdings Ltd is a wealth management service provider. It focuses on wealth investment and asset allocation services for high-net-worth individuals and enterprises in China. The company operates through three segments: wealth management, asset management, and other business. Its product offerings consisting of over-the-counter wealth management and OTC asset management products and mutual fund products. The portfolio of the group mostly includes fixed income products, private equity funds and securities investment funds. Majority of the firm revenue is generated through one-time commissions and recurring service fees paid by third-party product providers.