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TIM (BSP:TIMS3) Cyclically Adjusted Revenue per Share : R$10.14 (As of Mar. 2025)


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What is TIM 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.

TIM's adjusted revenue per share for the three months ended in Mar. 2025 was R$2.641. 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$10.14 for the trailing ten years ended in Mar. 2025.

During the past 12 months, TIM's average Cyclically Adjusted Revenue Growth Rate was 1.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 0.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -1.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -1.00% 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 TIM was 15.10% per year. The lowest was -3.70% per year. And the median was 1.60% per year.

As of today (2025-06-22), TIM's current stock price is R$21.52. TIM's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was R$10.14. TIM's Cyclically Adjusted PS Ratio of today is 2.12.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of TIM was 2.12. The lowest was 0.54. And the median was 1.24.


TIM Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for TIM'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.

TIM Cyclically Adjusted Revenue per Share Chart

TIM 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 10.33 9.91 9.93 9.90 9.99

TIM 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 9.95 9.96 9.95 9.99 10.14

Competitive Comparison of TIM's Cyclically Adjusted Revenue per Share

For the Telecom Services subindustry, TIM'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.


TIM's Cyclically Adjusted PS Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, TIM's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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TIM 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, TIM'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)
=2.641/168.1016*168.1016
=2.641

Current CPI (Mar. 2025) = 168.1016.

TIM Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 1.802 100.006 3.029
201509 1.701 101.392 2.820
201512 1.700 104.247 2.741
201603 1.593 106.979 2.503
201606 1.580 108.851 2.440
201609 1.612 109.986 2.464
201612 1.671 110.802 2.535
201703 1.633 111.869 2.454
201706 1.621 112.115 2.430
201709 1.756 112.777 2.617
201712 1.757 114.068 2.589
201803 1.701 114.868 2.489
201806 1.742 117.038 2.502
201809 1.752 117.881 2.498
201812 1.842 118.340 2.617
201903 1.731 120.124 2.422
201906 1.771 120.977 2.461
201909 1.792 121.292 2.484
201912 1.895 123.436 2.581
202003 1.741 124.092 2.358
202006 1.647 123.557 2.241
202009 1.812 125.095 2.435
202012 1.932 129.012 2.517
202103 1.793 131.660 2.289
202106 1.836 133.871 2.305
202109 1.863 137.913 2.271
202112 1.983 141.992 2.348
202203 1.953 146.537 2.240
202206 2.304 149.784 2.586
202209 2.005 147.800 2.280
202212 2.407 150.207 2.694
202303 2.330 153.352 2.554
202306 2.433 154.519 2.647
202309 2.537 155.464 2.743
202312 2.592 157.148 2.773
202403 2.518 159.372 2.656
202406 2.582 161.052 2.695
202409 2.552 162.342 2.643
202412 2.740 164.740 2.796
202503 2.641 168.102 2.641

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


TIM  (BSP:TIMS3) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=21.52/10.14
=2.12

* 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 TIM was 2.12. The lowest was 0.54. And the median was 1.24.


Be Aware

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


TIM Cyclically Adjusted Revenue per Share Related Terms

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


TIM Business Description

Traded in Other Exchanges
Address
Avenida Joao Cabral de Melo Neto, 850, Torre Norte, 12th Floor, Room 1212, Barra da Tijuca, Rio de Janeiro, RJ, BRA, 22775-057
TIM, which is 67%-owned by Telecom Italia, is the third largest wireless carrier in Brazil, with 62 million subscribers, equal to about 24% of the market. The firm also owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 9 million locations, equal to 10%-15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand. TIM also resells fiber network access from other providers, including Oi's former infrastructure business V.tal. In total, TIM claims it can offer fixed broadband service to about 16 million locations.

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