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Spicejet (BOM:500285) Cyclically Adjusted Revenue per Share : ₹155.31 (As of Sep. 2023)


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What is Spicejet 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.

Spicejet's adjusted revenue per share for the three months ended in Sep. 2023 was ₹21.549. 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 ₹155.31 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Spicejet's average Cyclically Adjusted Revenue Growth Rate was 1.10% 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.

As of today (2024-05-20), Spicejet's current stock price is ₹63.00. Spicejet's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was ₹155.31. Spicejet's Cyclically Adjusted PS Ratio of today is 0.41.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Spicejet was 0.71. The lowest was 0.17. And the median was 0.35.


Spicejet Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Spicejet'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.

Spicejet Cyclically Adjusted Revenue per Share Chart

Spicejet Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 148.93 149.59 151.16

Spicejet Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23
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 153.67 155.06 154.34 157.44 155.31

Competitive Comparison of Spicejet's Cyclically Adjusted Revenue per Share

For the Airlines subindustry, Spicejet'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.


Spicejet's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Spicejet's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Spicejet 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, Spicejet's adjusted Revenue per Share data for the three months ended in Sep. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=21.549/151.4920*151.4920
=21.549

Current CPI (Sep. 2023) = 151.4920.

Spicejet Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201309 23.942 91.042 39.839
201312 34.200 91.425 56.670
201403 29.270 91.425 48.501
201406 31.324 94.103 50.427
201409 26.471 96.780 41.436
201412 22.837 96.780 35.747
201503 13.364 97.163 20.837
201506 14.817 99.841 22.482
201509 13.833 101.753 20.595
201512 23.996 102.901 35.327
201603 24.167 102.518 35.712
201606 25.168 105.961 35.983
201609 23.049 105.961 32.953
201612 26.779 105.196 38.564
201703 26.766 105.196 38.546
201706 30.974 107.109 43.809
201709 29.937 109.021 41.599
201712 34.533 109.404 47.818
201803 33.652 109.786 46.436
201806 36.240 111.317 49.319
201809 30.741 115.142 40.446
201812 39.583 115.142 52.079
201903 41.200 118.202 52.803
201906 48.692 120.880 61.023
201909 46.043 123.175 56.628
201912 59.069 126.235 70.887
202003 45.538 124.705 55.320
202006 8.161 127.000 9.735
202009 17.192 130.118 20.016
202012 27.190 130.889 31.470
202103 30.220 131.771 34.743
202106 18.017 134.084 20.356
202109 21.698 135.847 24.197
202112 36.860 138.161 40.417
202203 30.106 138.822 32.854
202206 39.398 142.347 41.929
202209 31.521 144.661 33.009
202212 37.491 145.763 38.965
202306 31.820 150.280 32.077
202309 21.549 151.492 21.549

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


Spicejet  (BOM:500285) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=63.00/155.31
=0.41

* 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 Spicejet was 0.71. The lowest was 0.17. And the median was 0.35.


Be Aware

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


Spicejet Cyclically Adjusted Revenue per Share Related Terms

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


Spicejet (BOM:500285) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Spicejet Ltd (BOM:500285) » Definitions » Cyclically Adjusted Revenue per Share
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Address
319, Udyog Vihar, Phase IV, Gurugram, HR, IND, 122016
Spicejet Ltd is an India based airline company. It offers both domestic as well as international air travel services. The operating segments of the company are Airline Transport and Freighter and Logistics Services. Its primary revenue source is derived from passenger air travel with ancillary sources comprising Spice max, insurance, preferred seating, Spice vacations, lounge, visa, cab, cargo and onboard merchandise. In addition, the company also offers charter services.

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