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JPMorgan China Growth &ome (CHIX:JCGIL) Cyclically Adjusted Revenue per Share : £0.25 (As of Sep. 2023)


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What is JPMorgan China Growth &ome 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.

JPMorgan China Growth &ome's adjusted revenue per share for the three months ended in Sep. 2023 was £-0.778. 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 £0.25 for the trailing ten years ended in Sep. 2023.

During the past 12 months, JPMorgan China Growth &ome's average Cyclically Adjusted Revenue Growth Rate was -21.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -17.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 9.00% 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 JPMorgan China Growth &ome was 33.30% per year. The lowest was -17.80% per year. And the median was 7.95% per year.

As of today (2024-06-01), JPMorgan China Growth &ome's current stock price is £2.3875. JPMorgan China Growth &ome's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was £0.25. JPMorgan China Growth &ome's Cyclically Adjusted PS Ratio of today is 9.55.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of JPMorgan China Growth &ome was 21.36. The lowest was 6.34. And the median was 10.47.


JPMorgan China Growth &ome Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for JPMorgan China Growth &ome'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.

JPMorgan China Growth &ome Cyclically Adjusted Revenue per Share Chart

JPMorgan China Growth &ome Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.44 0.50 0.32 0.25

JPMorgan China Growth &ome Quarterly Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 0.50 - 0.32 - 0.25

Competitive Comparison of JPMorgan China Growth &ome's Cyclically Adjusted Revenue per Share

For the Asset Management subindustry, JPMorgan China Growth &ome'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.


JPMorgan China Growth &ome's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, JPMorgan China Growth &ome's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where JPMorgan China Growth &ome's Cyclically Adjusted PS Ratio falls into.



JPMorgan China Growth &ome 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, JPMorgan China Growth &ome's adjusted Revenue per Share data for the three months ended in Sep. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-0.778/130.1000*130.1000
=-0.778

Current CPI (Sep. 2023) = 130.1000.

JPMorgan China Growth &ome Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200403 0.082 77.300 0.138
200409 0.022 77.900 0.037
200503 0.031 78.800 0.051
200509 0.125 79.900 0.204
200603 0.130 80.400 0.210
200609 -0.021 81.900 -0.033
200703 0.174 82.800 0.273
200709 0.577 83.500 0.899
200803 -0.297 84.900 -0.455
200809 -0.225 87.500 -0.335
200903 0.083 87.300 0.124
200909 0.375 88.300 0.553
201003 0.181 89.400 0.263
201009 0.084 90.400 0.121
201103 0.115 92.600 0.162
201109 -0.392 94.500 -0.540
201203 0.176 95.400 0.240
201209 0.011 96.400 0.015
201303 0.263 97.800 0.350
201309 0.004 98.700 0.005
201403 0.001 99.300 0.001
201409 0.143 100.000 0.186
201503 0.419 99.600 0.547
201509 -0.405 100.200 -0.526
201603 0.126 100.400 0.163
201609 0.505 101.500 0.647
201703 0.177 102.700 0.224
201709 0.507 104.300 0.632
201803 0.317 105.100 0.392
201809 -0.349 106.600 -0.426
201903 0.246 107.000 0.299
201909 0.241 108.400 0.289
202003 0.288 108.600 0.345
202009 1.991 109.200 2.372
202103 0.612 109.700 0.726
202109 -0.548 112.400 -0.634
202203 -1.719 116.500 -1.920
202209 -0.315 122.300 -0.335
202303 0.270 126.800 0.277
202309 -0.778 130.100 -0.778

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


JPMorgan China Growth &ome  (CHIX:JCGIl) 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.

JPMorgan China Growth &ome's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2.3875/0.25
=9.55

* 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 JPMorgan China Growth &ome was 21.36. The lowest was 6.34. And the median was 10.47.


Be Aware

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


JPMorgan China Growth &ome Cyclically Adjusted Revenue per Share Related Terms

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JPMorgan China Growth &ome (CHIX:JCGIL) Business Description

Traded in Other Exchanges
Address
60 Victoria Embankment, London, GBR, EC4Y0JP
JPMorgan China Growth & Income PLC is an investment trust company. Its investment objective is to provide long term capital growth by investment in Greater China companies. The company seeks to achieve its determined objectives, it invests in securities quoted on the stock exchanges of China, Hong Kong, and Taiwan or which derive a substantial part of their revenues or profits from these territories. It may use gearing up to a maximum level of nearly 20% of shareholders' funds to increase potential returns to shareholders. The company invests no more than 15% of gross assets in other UK listed investment companies. It reviews its performance against MSCI China Index, with net dividends reinvested, in sterling terms.

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