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Adobe (ADBE) Cyclically Adjusted Revenue per Share : $26.74 (As of Feb. 2024)


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What is Adobe 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.

Adobe's adjusted revenue per share for the three months ended in Feb. 2024 was $11.364. 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 $26.74 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Adobe's average Cyclically Adjusted Revenue Growth Rate was 17.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 21.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 19.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 14.80% 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 Adobe was 21.00% per year. The lowest was 7.70% per year. And the median was 12.70% per year.

As of today (2024-05-27), Adobe's current stock price is $475.43. Adobe's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was $26.74. Adobe's Cyclically Adjusted PS Ratio of today is 17.78.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Adobe was 40.93. The lowest was 6.71. And the median was 19.04.


Adobe Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Adobe'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.

Adobe Cyclically Adjusted Revenue per Share Chart

Adobe Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.50 14.45 17.76 21.69 25.59

Adobe Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 22.68 23.72 24.75 25.59 26.74

Competitive Comparison of Adobe's Cyclically Adjusted Revenue per Share

For the Software - Infrastructure subindustry, Adobe'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.


Adobe's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Adobe's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Adobe 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, Adobe's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=11.364/130.9299*130.9299
=11.364

Current CPI (Feb. 2024) = 130.9299.

Adobe Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 2.108 100.373 2.750
201408 1.980 100.352 2.583
201411 2.112 99.635 2.775
201502 2.185 99.032 2.889
201505 2.299 100.333 3.000
201508 2.408 100.548 3.136
201511 2.575 100.135 3.367
201602 2.736 100.040 3.581
201605 2.771 101.355 3.580
201608 2.907 101.617 3.746
201611 3.205 101.829 4.121
201702 3.358 102.779 4.278
201705 3.542 103.256 4.491
201708 3.679 103.587 4.650
201711 4.003 104.072 5.036
201802 4.163 105.052 5.188
201805 4.406 106.148 5.435
201808 4.611 106.383 5.675
201811 4.967 106.338 6.116
201902 5.265 106.649 6.464
201905 5.575 108.048 6.756
201908 5.772 108.245 6.982
201911 6.100 108.519 7.360
202002 6.334 109.139 7.599
202005 6.449 108.175 7.806
202008 6.649 109.662 7.938
202011 7.104 109.793 8.472
202102 8.085 110.968 9.539
202105 7.973 113.576 9.191
202108 8.181 115.421 9.280
202111 8.545 117.269 9.540
202202 8.973 119.703 9.815
202205 9.273 123.323 9.845
202208 9.452 124.958 9.904
202211 9.690 125.607 10.101
202302 10.120 126.928 10.439
202305 10.492 128.314 10.706
202308 10.654 129.538 10.769
202311 10.998 129.548 11.115
202402 11.364 130.930 11.364

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


Adobe  (NAS:ADBE) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=475.43/26.74
=17.78

* 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 Adobe was 40.93. The lowest was 6.71. And the median was 19.04.


Be Aware

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


Adobe Cyclically Adjusted Revenue per Share Related Terms

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


Adobe (ADBE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Adobe Inc (NAS:ADBE) » Definitions » Cyclically Adjusted Revenue per Share
Address
345 Park Avenue, San Jose, CA, USA, 95110-2704
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
Executives
Mark S. Garfield officer: VP, CAO & Corp. Controller 345 PARK AVENUE, SAN JOSE CA 95110-2704
Amy Banse director 345 PARK AVENUE, SAN JOSE CA 95110
David Wadhwani officer: SVP & GM, Digital Media ADOBE INC., 345 PARK AVE, SAN JOSE CA 95110
Shantanu Narayen director, officer: President and CEO 345 PARK AVENUE, SAN JOSE CA 95110
Daniel Durn officer: EVP and CFO C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
Scott Belsky officer: EVP, Chief Product Officer 345 PARK AVENUE, SAN JOSE CA 95110
Cristiano R Amon director 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
John E Warnock director, other: Co-Chairman of the Board C/O ADOBE SYSTEMS INC, 345 PARK AVENUE P O BOX 2704, SAN JOSE CA 95110-2704
Dana Rao officer: EVP, Gen. Counsel & Secretary 345 PARK AVE, SAN JOSE CA 95110
Ann Lewnes officer: SVP, Chief Marketing Officer 345 PARK AVENUE, SAN JOSE CA 95110
David A Ricks director LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
M. Brett Biggs director 702 SW 8TH STREET, BENTONVILLE AR 72716
Laura Desmond director 345 PARK AVENUE, SAN JOSE CA 95110
Spencer Adam Neumann director SIERRA INCOME CORPORATION, 375 PARK AVE., SUITE 3304, NEW YORK NY 10152
Gloria Chen officer: EVP, Strategy & Growth 345 PARK AVENUE, SAN JOSE CA 95110