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Reliance Infrastructure (BOM:500390) Cyclically Adjusted Revenue per Share : ₹984.22 (As of Dec. 2023)


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What is Reliance Infrastructure 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.

Reliance Infrastructure's adjusted revenue per share for the three months ended in Dec. 2023 was ₹111.576. 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 ₹984.22 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Reliance Infrastructure's average Cyclically Adjusted Revenue Growth Rate was -2.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -1.50% 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 Reliance Infrastructure was -0.20% per year. The lowest was -1.50% per year. And the median was -0.85% per year.

As of today (2024-05-29), Reliance Infrastructure's current stock price is ₹168.90. Reliance Infrastructure's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was ₹984.22. Reliance Infrastructure's Cyclically Adjusted PS Ratio of today is 0.17.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Reliance Infrastructure was 0.37. The lowest was 0.01. And the median was 0.10.


Reliance Infrastructure Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Reliance Infrastructure'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.

Reliance Infrastructure Cyclically Adjusted Revenue per Share Chart

Reliance Infrastructure 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 1,012.62 1,032.24 1,038.99 1,005.46 987.59

Reliance Infrastructure 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 1,009.59 987.59 991.24 987.99 984.22

Competitive Comparison of Reliance Infrastructure's Cyclically Adjusted Revenue per Share

For the Utilities - Independent Power Producers subindustry, Reliance Infrastructure'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.


Reliance Infrastructure's Cyclically Adjusted PS Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Reliance Infrastructure's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Reliance Infrastructure 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, Reliance Infrastructure'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)
=111.576/152.9243*152.9243
=111.576

Current CPI (Dec. 2023) = 152.9243.

Reliance Infrastructure Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 170.291 91.425 284.842
201406 157.228 94.103 255.508
201409 153.489 96.780 242.530
201412 164.959 96.780 260.654
201503 128.353 97.163 202.014
201506 260.658 99.841 399.246
201509 285.462 101.753 429.019
201512 230.771 102.901 342.956
201603 211.651 102.518 315.715
201606 263.807 105.961 380.729
201609 257.512 105.961 371.644
201612 211.532 105.196 307.506
201703 189.604 105.196 275.629
201706 291.208 107.109 415.772
201709 203.614 109.021 285.609
201712 155.544 109.404 217.419
201803 196.482 109.786 273.685
201806 204.303 111.317 280.667
201809 217.625 115.142 289.036
201812 155.499 115.142 206.524
201903 132.018 118.202 170.799
201906 207.777 120.880 262.857
201909 221.394 123.175 274.865
201912 150.409 126.235 182.209
202003 121.290 124.705 148.736
202006 134.391 127.000 161.824
202009 196.245 130.118 230.642
202012 145.459 130.889 169.947
202103 140.391 131.771 162.929
202106 164.965 134.084 188.144
202109 217.299 135.847 244.616
202112 159.632 138.161 176.690
202203 164.708 138.822 181.440
202206 234.686 142.347 252.124
202209 237.035 144.661 250.575
202212 150.937 145.763 158.353
202303 110.497 146.865 115.056
202306 158.207 150.280 160.991
202309 199.256 151.492 201.140
202312 111.576 152.924 111.576

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


Reliance Infrastructure  (BOM:500390) 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.

Reliance Infrastructure's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=168.90/984.22
=0.17

* 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 Reliance Infrastructure was 0.37. The lowest was 0.01. And the median was 0.10.


Be Aware

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


Reliance Infrastructure Cyclically Adjusted Revenue per Share Related Terms

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


Reliance Infrastructure (BOM:500390) Business Description

Traded in Other Exchanges
Address
19, Walchand Hirachand Marg, Reliance Centre, Ground Floor, Mumbai, MH, IND, 400001
Reliance Infrastructure Ltd, or RInfra, is an Indian company operating in the country's utilities and infrastructure sectors. The company segments its activities into 'Power', 'Engineering and Construction' (E&C) and 'Infrastructure. Reliance Infrastructure's revenue is derived from electricity sales and transmission charges issued by its Power division. This unit is involved in the generation, transmission, distribution, and trading of energy in India. RInfra's Power Business utilizes thermal power plants that operate on natural gas and coal to then distribute electricity to urban markets, such as Mumbai and Delhi. The company's EPC division also generates substantial income through contracts with entities in India's power and road sectors.

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