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AT&T (CHIX:SOBAD) Cyclically Adjusted Revenue per Share : €23.97 (As of Sep. 2024)


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What is AT&T 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.

AT&T's adjusted revenue per share for the three months ended in Sep. 2024 was €3.777. 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 €23.97 for the trailing ten years ended in Sep. 2024.

During the past 12 months, AT&T's average Cyclically Adjusted Revenue Growth Rate was -3.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.50% 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 3.00% 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 AT&T was 11.70% per year. The lowest was -1.80% per year. And the median was 3.60% per year.

As of today (2024-12-12), AT&T's current stock price is €22.045. AT&T's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was €23.97. AT&T's Cyclically Adjusted PS Ratio of today is 0.92.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of AT&T was 1.38. The lowest was 0.50. And the median was 0.90.


AT&T Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for AT&T'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.

AT&T Cyclically Adjusted Revenue per Share Chart

AT&T 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 - - - - 24.84

AT&T Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 26.57 24.84 24.99 25.23 23.97

Competitive Comparison of AT&T's Cyclically Adjusted Revenue per Share

For the Telecom Services subindustry, AT&T'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.


AT&T's Cyclically Adjusted PS Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, AT&T's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where AT&T's Cyclically Adjusted PS Ratio falls into.



AT&T 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, AT&T's adjusted Revenue per Share data for the three months ended in Sep. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=3.777/133.0289*133.0289
=3.777

Current CPI (Sep. 2024) = 133.0289.

AT&T Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 5.359 99.070 7.196
201503 5.767 99.621 7.701
201506 5.635 100.684 7.445
201509 5.861 100.392 7.766
201512 6.241 99.792 8.320
201603 5.881 100.470 7.787
201606 5.821 101.688 7.615
201609 5.887 101.861 7.688
201612 6.415 101.863 8.378
201703 5.950 102.862 7.695
201706 5.733 103.349 7.379
201709 5.384 104.136 6.878
201712 5.698 104.011 7.288
201803 4.992 105.290 6.307
201806 5.236 106.317 6.552
201809 5.355 106.507 6.688
201812 5.752 105.998 7.219
201903 5.403 107.251 6.702
201906 5.411 108.070 6.661
201909 5.504 108.329 6.759
201912 5.739 108.420 7.042
202003 5.367 108.902 6.556
202006 5.072 108.767 6.203
202009 5.011 109.815 6.070
202012 5.235 109.897 6.337
202103 4.933 111.754 5.872
202106 3.964 114.631 4.600
202109 3.547 115.734 4.077
202112 3.650 117.630 4.128
202203 3.570 121.301 3.915
202206 3.684 125.017 3.920
202209 3.968 125.227 4.215
202212 3.928 125.222 4.173
202303 3.766 127.348 3.934
202306 3.846 128.729 3.974
202309 3.958 129.860 4.055
202312 4.083 129.419 4.197
202403 3.841 131.776 3.878
202406 3.846 132.554 3.860
202409 3.777 133.029 3.777

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


AT&T  (CHIX:SOBAd) 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.

AT&T's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=22.045/23.97
=0.92

* 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 AT&T was 1.38. The lowest was 0.50. And the median was 0.90.


Be Aware

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


AT&T Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of AT&T's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


AT&T Business Description

Address
208 S. Akard Street, Dallas, TX, USA, 75202
The wireless business contributes nearly 70% of AT&T's revenue. The firm is the third-largest US wireless carrier, connecting 72 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 15% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access, serving 14 million customers. AT&T also has a sizable presence in Mexico, with 23 million customers, but this business only accounts for 4% of revenue. The firm recently agreed to sell its 70% equity stake in satellite television provider DirecTV to its partner, private equity firm TPG.

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