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ICICI Securities (BOM:541179) Cyclically Adjusted Revenue per Share : ₹83.83 (As of Mar. 2024)


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What is ICICI Securities 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.

ICICI Securities's adjusted revenue per share data for the fiscal year that ended in Mar. 2024 was ₹152.210. 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 ₹83.83 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ICICI Securities's average Cyclically Adjusted Revenue Growth Rate was 20.10% 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 (2024-05-15), ICICI Securities's current stock price is ₹ 730.90. ICICI Securities's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Mar. 2024 was ₹83.83. ICICI Securities's Cyclically Adjusted PS Ratio of today is 8.72.

During the past 12 years, the highest Cyclically Adjusted PS Ratio of ICICI Securities was 10.63. The lowest was 6.13. And the median was 7.71.


ICICI Securities Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for ICICI Securities'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.

ICICI Securities Cyclically Adjusted Revenue per Share Chart

ICICI Securities 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 - - 59.78 69.79 83.83

ICICI Securities 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 69.79 - - - 83.83

Competitive Comparison of ICICI Securities's Cyclically Adjusted Revenue per Share

For the Capital Markets subindustry, ICICI Securities'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.


ICICI Securities's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, ICICI Securities's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



ICICI Securities 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, ICICI Securities's adjusted Revenue per Share data for the fiscal year that ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=152.21/153.2548*153.2548
=152.210

Current CPI (Mar. 2024) = 153.2548.

ICICI Securities Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201503 37.533 97.163 59.201
201603 34.876 102.518 52.136
201703 43.567 105.196 63.471
201803 57.663 109.786 80.494
201903 49.879 118.202 64.671
202003 49.919 124.705 61.347
202103 75.497 131.771 87.806
202203 99.318 138.822 109.644
202303 102.815 146.865 107.289
202403 152.210 153.255 152.210

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


ICICI Securities  (BOM:541179) 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.

ICICI Securities's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=730.90/83.83
=8.72

* 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 12 years, the highest Cyclically Adjusted PS Ratio of ICICI Securities was 10.63. The lowest was 6.13. And the median was 7.71.


Be Aware

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


ICICI Securities Cyclically Adjusted Revenue per Share Related Terms

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


ICICI Securities (BOM:541179) Business Description

Traded in Other Exchanges
Address
Shree Sawan Knowledge Park, Plot No. D-507, T.T.C. Industrial Area, MIDC, Turbhe, Navi Mumbai, MH, IND, 400 705
ICICI Securities Ltd is a technology-based firm offering a wide range of financial services including investment banking, institutional broking, retail broking, private wealth management, and financial product distribution. The company serves corporates, financial institutions, high net-worth individuals, and retail investors. Its operating segments include Broking and distribution; Issuer services and advisory and Treasury. The company generates maximum revenue from the Broking and distribution segment.

ICICI Securities (BOM:541179) Headlines

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