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CVS Health (BSP:CVSH34) Cyclically Adjusted Revenue per Share : R$108.52 (As of Dec. 2023)


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What is CVS Health 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.

CVS Health's adjusted revenue per share for the three months ended in Dec. 2023 was R$35.550. 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$108.52 for the trailing ten years ended in Dec. 2023.

During the past 12 months, CVS Health's average Cyclically Adjusted Revenue Growth Rate was 10.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 12.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 12.30% 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 CVS Health was 13.20% per year. The lowest was 1.30% per year. And the median was 10.60% per year.

As of today (2024-05-01), CVS Health's current stock price is R$35.40. CVS Health's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$108.52. CVS Health's Cyclically Adjusted PS Ratio of today is 0.33.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of CVS Health was 1.33. The lowest was 0.30. And the median was 0.57.


CVS Health Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for CVS Health'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.

CVS Health Cyclically Adjusted Revenue per Share Chart

CVS Health Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.94 80.28 100.40 107.78 108.52

CVS Health 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 107.78 106.77 104.46 111.50 108.52

Competitive Comparison of CVS Health's Cyclically Adjusted Revenue per Share

For the Healthcare Plans subindustry, CVS Health'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.


CVS Health's Cyclically Adjusted PS Ratio Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, CVS Health's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



CVS Health 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, CVS Health'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)
=35.55/129.4194*129.4194
=35.550

Current CPI (Dec. 2023) = 129.4194.

CVS Health Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 6.387 99.695 8.291
201406 6.590 100.560 8.481
201409 7.034 100.428 9.065
201412 8.505 99.070 11.110
201503 10.047 99.621 13.052
201506 10.217 100.684 13.133
201509 13.455 100.392 17.345
201512 14.334 99.792 18.590
201603 14.541 100.470 18.731
201606 13.924 101.688 17.721
201609 13.527 101.861 17.187
201612 14.416 101.863 18.316
201703 13.451 102.862 16.924
201706 14.702 103.349 18.411
201709 14.183 104.136 17.627
201712 15.668 104.011 19.495
201803 14.719 105.290 18.092
201806 17.381 106.317 21.158
201809 19.092 106.507 23.199
201812 18.837 105.998 22.999
201903 18.185 107.251 21.944
201906 18.784 108.070 22.495
201909 20.459 108.329 24.442
201912 20.942 108.420 24.998
202003 24.861 108.902 29.545
202006 25.800 108.767 30.699
202009 27.536 109.815 32.452
202012 27.232 109.897 32.070
202103 29.453 111.754 34.109
202106 27.517 114.631 31.067
202109 29.312 115.734 32.778
202112 32.376 117.630 35.621
202203 28.789 121.301 30.716
202206 30.812 125.017 31.897
202209 32.362 125.227 33.446
202212 33.319 125.222 34.436
202303 34.406 127.348 34.966
202306 33.535 128.729 33.715
202309 34.366 129.860 34.250
202312 35.550 129.419 35.550

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


CVS Health  (BSP:CVSH34) 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.

CVS Health's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=35.40/108.52
=0.33

* 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 CVS Health was 1.33. The lowest was 0.30. And the median was 0.57.


Be Aware

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


CVS Health Cyclically Adjusted Revenue per Share Related Terms

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


CVS Health (BSP:CVSH34) Business Description

Industry
Address
One CVS Drive, Woonsocket, RI, USA, 02895
CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.

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