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Automatic Data Processing (BSP:ADPR34) Cyclically Adjusted Revenue per Share : R$9.50 (As of Mar. 2025)


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What is Automatic Data Processing 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.

Automatic Data Processing's adjusted revenue per share for the three months ended in Mar. 2025 was R$3.053. 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 R$9.50 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Automatic Data Processing's average Cyclically Adjusted Revenue Growth Rate was 7.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 7.70% 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 Automatic Data Processing was 12.50% per year. The lowest was 4.80% per year. And the median was 7.50% per year.

As of today (2025-06-01), Automatic Data Processing's current stock price is R$76.12. Automatic Data Processing's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was R$9.50. Automatic Data Processing's Cyclically Adjusted PS Ratio of today is 8.01.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Automatic Data Processing was 8.27. The lowest was 3.95. And the median was 6.41.


Automatic Data Processing Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Automatic Data Processing'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.

Automatic Data Processing Cyclically Adjusted Revenue per Share Chart

Automatic Data Processing Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.78 6.00 6.98 7.06 8.85

Automatic Data Processing Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 7.80 8.85 8.72 10.11 9.50

Competitive Comparison of Automatic Data Processing's Cyclically Adjusted Revenue per Share

For the Software - Application subindustry, Automatic Data Processing'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.


Automatic Data Processing's Cyclically Adjusted PS Ratio Distribution in the Software Industry

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

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


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Automatic Data Processing 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, Automatic Data Processing's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=3.053/134.9266*134.9266
=3.053

Current CPI (Mar. 2025) = 134.9266.

Automatic Data Processing Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.720 100.684 0.965
201509 0.917 100.392 1.232
201512 0.955 99.792 1.291
201603 1.061 100.470 1.425
201606 0.879 101.688 1.166
201609 0.842 101.861 1.115
201612 0.899 101.863 1.191
201703 0.957 102.862 1.255
201706 0.906 103.349 1.183
201709 0.873 104.136 1.131
201712 0.969 104.011 1.257
201803 1.097 105.290 1.406
201806 1.118 106.317 1.419
201809 1.242 106.507 1.573
201812 1.242 105.998 1.581
201903 1.342 107.251 1.688
201906 1.228 108.070 1.533
201909 1.325 108.329 1.650
201912 1.394 108.420 1.735
202003 1.834 108.902 2.272
202006 1.639 108.767 2.033
202009 1.760 109.815 2.162
202012 1.794 109.897 2.203
202103 2.193 111.754 2.648
202106 1.788 114.631 2.105
202109 1.937 115.734 2.258
202112 2.188 117.630 2.510
202203 2.169 121.301 2.413
202206 2.011 125.017 2.170
202209 2.135 125.227 2.300
202212 2.208 125.222 2.379
202303 2.444 127.348 2.589
202306 2.071 128.729 2.171
202309 2.145 129.860 2.229
202312 2.199 129.419 2.293
202403 2.484 131.776 2.543
202406 2.464 132.554 2.508
202409 2.580 133.029 2.617
202412 2.968 133.157 3.007
202503 3.053 134.927 3.053

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


Automatic Data Processing  (BSP:ADPR34) 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.

Automatic Data Processing's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=76.12/9.50
=8.01

* 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 Automatic Data Processing was 8.27. The lowest was 3.95. And the median was 6.41.


Be Aware

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


Automatic Data Processing Cyclically Adjusted Revenue per Share Related Terms

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


Automatic Data Processing Business Description

Industry
Address
One ADP Boulevard, Roseland, NJ, USA, 07068
Automatic Data Processing is a global technology company providing cloud-based human capital management solutions enabling clients to better implement payroll, talent, time, tax, and benefits administration. Additionally, ADP provides human resource outsourcing solutions that allow customers to offload some of their traditional HR tasks. The company operates through two segments: employer services and the professional employer organization services. Employer services consists of the company's HCM products as well as a la carte HRO solutions. PEO services contains ADP's comprehensive HRO solution where it acts as a co-employer with its customer. As of fiscal 2024, ADP serves over 1.1 million clients and pays over 42 million workers across 140 countries.

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