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Tenaris (BSP:T1SS34) Cyclically Adjusted Revenue per Share : R$45.07 (As of Mar. 2025)


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What is Tenaris 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.

Tenaris's adjusted revenue per share for the three months ended in Mar. 2025 was R$15.624. 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$45.07 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Tenaris's average Cyclically Adjusted Revenue Growth Rate was 3.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 0.90% 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 Tenaris was 6.90% per year. The lowest was -2.30% per year. And the median was 0.35% per year.

As of today (2025-05-31), Tenaris's current stock price is R$94.60. Tenaris's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was R$45.07. Tenaris's Cyclically Adjusted PS Ratio of today is 2.10.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tenaris was 2.97. The lowest was 0.70. And the median was 2.06.


Tenaris Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Tenaris'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.

Tenaris Cyclically Adjusted Revenue per Share Chart

Tenaris Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.66 36.56 34.56 36.27 44.81

Tenaris 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 36.97 40.30 42.37 44.81 45.07

Competitive Comparison of Tenaris's Cyclically Adjusted Revenue per Share

For the Oil & Gas Equipment & Services subindustry, Tenaris'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.


Tenaris's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tenaris's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Tenaris 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, Tenaris'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)
=15.624/124.2100*124.2100
=15.624

Current CPI (Mar. 2025) = 124.2100.

Tenaris Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 4.924 100.640 6.077
201509 5.155 100.380 6.379
201512 4.018 99.910 4.995
201603 3.779 100.030 4.692
201606 3.059 100.660 3.775
201609 2.719 100.750 3.352
201612 2.971 101.040 3.652
201703 3.057 101.780 3.731
201706 3.469 102.170 4.217
201709 3.457 102.520 4.188
201712 4.435 102.410 5.379
201803 5.184 102.900 6.258
201806 5.713 103.650 6.846
201809 6.609 104.580 7.850
201812 6.924 104.320 8.244
201903 6.089 105.140 7.193
201906 6.264 105.550 7.371
201909 6.155 105.900 7.219
201912 6.052 106.080 7.086
202003 7.294 106.040 8.544
202006 5.454 106.340 6.371
202009 4.633 106.620 5.397
202012 4.927 106.670 5.737
202103 5.641 108.140 6.479
202106 6.511 108.680 7.441
202109 7.842 109.470 8.898
202112 9.854 111.090 11.018
202203 10.074 114.780 10.902
202206 11.974 116.750 12.739
202209 13.213 117.000 14.027
202212 16.085 117.060 17.067
202303 18.271 118.910 19.085
202306 16.754 120.460 17.276
202309 13.545 121.740 13.820
202312 14.327 121.170 14.686
202403 14.774 122.590 14.969
202406 15.719 123.120 15.858
202409 14.413 123.300 14.519
202412 15.689 122.430 15.917
202503 15.624 124.210 15.624

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


Tenaris  (BSP:T1SS34) 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.

Tenaris's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=94.60/45.07
=2.10

* 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 Tenaris was 2.97. The lowest was 0.70. And the median was 2.06.


Be Aware

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


Tenaris Cyclically Adjusted Revenue per Share Related Terms

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


Tenaris Business Description

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26, Boulevard Royal, 4th Floor, Luxembourg, LUX, L-2449
Tenaris is one of the largest global producers of oil country tubular goods, which are used primarily in the construction of oil and gas wells. Its production facilities are located primarily in the US, Argentina, Mexico, and Italy. Tenaris' premium OCTG products are among the most trusted by oil companies for use in the most challenging applications, including deep-water offshore wells and horizontal shale wells.

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