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Manappuram Finance (BOM:531213) Cyclically Adjusted Revenue per Share : ₹46.33 (As of Mar. 2024)


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What is Manappuram Finance 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.

Manappuram Finance's adjusted revenue per share for the three months ended in Mar. 2024 was ₹18.602. 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 ₹46.33 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Manappuram Finance's average Cyclically Adjusted Revenue Growth Rate was 16.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.50% 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 Manappuram Finance was 12.50% per year. The lowest was 12.50% per year. And the median was 12.50% per year.

As of today (2024-06-20), Manappuram Finance's current stock price is ₹190.35. Manappuram Finance's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹46.33. Manappuram Finance's Cyclically Adjusted PS Ratio of today is 4.11.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Manappuram Finance was 6.50. The lowest was 2.47. And the median was 3.48.


Manappuram Finance Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Manappuram Finance'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.

Manappuram Finance Cyclically Adjusted Revenue per Share Chart

Manappuram Finance Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 32.50 34.62 39.69 46.33

Manappuram Finance Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 39.69 41.65 43.18 44.87 46.33

Competitive Comparison of Manappuram Finance's Cyclically Adjusted Revenue per Share

For the Credit Services subindustry, Manappuram Finance'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.


Manappuram Finance's Cyclically Adjusted PS Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Manappuram Finance's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Manappuram Finance 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, Manappuram Finance's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=18.602/153.0345*153.0345
=18.602

Current CPI (Mar. 2024) = 153.0345.

Manappuram Finance Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.889 94.103 4.698
201409 3.459 96.780 5.470
201412 3.459 96.780 5.470
201503 3.730 97.163 5.875
201506 3.599 99.841 5.517
201509 3.742 101.753 5.628
201512 4.562 102.901 6.785
201603 4.977 102.518 7.429
201606 5.757 105.961 8.315
201609 6.583 105.961 9.508
201612 6.994 105.196 10.175
201703 7.298 105.196 10.617
201706 7.131 107.109 10.189
201709 6.462 109.021 9.071
201712 7.377 109.404 10.319
201803 7.506 109.786 10.463
201806 7.688 111.317 10.569
201809 8.426 115.142 11.199
201812 8.866 115.142 11.784
201903 8.844 118.202 11.450
201906 9.406 120.880 11.908
201909 11.103 123.175 13.795
201912 11.656 126.235 14.131
202003 11.275 124.705 13.836
202006 11.178 127.000 13.469
202009 11.839 130.118 13.924
202012 12.870 130.889 15.048
202103 12.770 131.771 14.831
202106 12.664 134.084 14.454
202109 12.494 135.847 14.075
202112 11.424 138.161 12.654
202203 11.096 138.822 12.232
202206 11.718 142.347 12.598
202209 13.950 144.661 14.757
202212 13.789 145.763 14.477
202303 14.276 146.865 14.876
202306 16.585 150.280 16.889
202309 17.477 151.492 17.655
202312 18.521 152.924 18.534
202403 18.602 153.035 18.602

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


Manappuram Finance  (BOM:531213) 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.

Manappuram Finance's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=190.35/46.33
=4.11

* 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 Manappuram Finance was 6.50. The lowest was 2.47. And the median was 3.48.


Be Aware

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


Manappuram Finance Cyclically Adjusted Revenue per Share Related Terms

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


Manappuram Finance (BOM:531213) Business Description

Traded in Other Exchanges
Address
Manappuram House, 5th Floor, IV/470A (Old), W638A (New), Valapad, Thrissur, KL, IND, 680567
Manappuram Finance Ltd is an Indian non-banking financial company. It is engaged in providing gold loans, microfinance, housing loans, and commercial vehicle loans. The company's products include SME loans, online gold loans, money transfers, domestic money transfers, foreign exchange, loans against property, depository services, and commercial vehicle loans. It also provides loans against a property to self-employed professionals, non-professionals and individuals/proprietorship, partnership and limited companies as well as commercial vehicle loans to first-time users, captive customers, fleet owners, and others. The company manages its business in the below segments namely Microfinance, Gold loan and others. It generates maximum revenue from Gold loans and other segments.

Manappuram Finance (BOM:531213) Headlines

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