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A.O. Smith (FRA:3SM) Cyclically Adjusted Revenue per Share : €21.84 (As of Mar. 2025)


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What is A.O. Smith 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.

A.O. Smith's adjusted revenue per share for the three months ended in Mar. 2025 was €6.174. 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 €21.84 for the trailing ten years ended in Mar. 2025.

During the past 12 months, A.O. Smith's average Cyclically Adjusted Revenue Growth Rate was 6.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.10% 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 A.O. Smith was 13.40% per year. The lowest was -4.90% per year. And the median was 4.40% per year.

As of today (2025-06-28), A.O. Smith's current stock price is €55.22. A.O. Smith's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was €21.84. A.O. Smith's Cyclically Adjusted PS Ratio of today is 2.53.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of A.O. Smith was 4.88. The lowest was 2.39. And the median was 3.46.


A.O. Smith Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for A.O. Smith'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.

A.O. Smith Cyclically Adjusted Revenue per Share Chart

A.O. Smith 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 12.52 15.48 18.65 19.47 22.19

A.O. Smith 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 20.42 21.26 20.69 22.19 21.84

Competitive Comparison of A.O. Smith's Cyclically Adjusted Revenue per Share

For the Specialty Industrial Machinery subindustry, A.O. Smith'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.


A.O. Smith's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, A.O. Smith's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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A.O. Smith 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, A.O. Smith'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)
=6.174/134.9266*134.9266
=6.174

Current CPI (Mar. 2025) = 134.9266.

A.O. Smith Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 3.241 100.684 4.343
201509 3.116 100.392 4.188
201512 3.310 99.792 4.475
201603 3.217 100.470 4.320
201606 3.354 101.688 4.450
201609 3.451 101.861 4.571
201612 3.761 101.863 4.982
201703 3.944 102.862 5.173
201706 3.757 103.349 4.905
201709 3.609 104.136 4.676
201712 3.738 104.011 4.849
201803 3.687 105.290 4.725
201806 4.130 106.317 5.241
201809 3.755 106.507 4.757
201812 4.186 105.998 5.328
201903 3.916 107.251 4.927
201906 4.030 108.070 5.032
201909 3.994 108.329 4.975
201912 4.117 108.420 5.124
202003 3.538 108.902 4.384
202006 3.635 108.767 4.509
202009 3.971 109.815 4.879
202012 4.212 109.897 5.171
202103 3.968 111.754 4.791
202106 4.412 114.631 5.193
202109 4.840 115.734 5.643
202112 5.501 117.630 6.310
202203 5.607 121.301 6.237
202206 5.834 125.017 6.296
202209 5.694 125.227 6.135
202212 5.771 125.222 6.218
202303 5.942 127.348 6.296
202306 5.852 128.729 6.134
202309 5.809 129.860 6.036
202312 6.064 129.419 6.322
202403 6.072 131.776 6.217
202406 6.447 132.554 6.562
202409 5.544 133.029 5.623
202412 5.978 133.157 6.057
202503 6.174 134.927 6.174

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


A.O. Smith  (FRA:3SM) 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.

A.O. Smith's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=55.22/21.84
=2.53

* 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 A.O. Smith was 4.88. The lowest was 2.39. And the median was 3.46.


Be Aware

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


A.O. Smith Cyclically Adjusted Revenue per Share Related Terms

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


A.O. Smith Business Description

Industry
Traded in Other Exchanges
Address
11270 West Park Place, Suite 170, Milwaukee, WI, USA, 53224
A.O. Smith manufactures a broad lineup of water heaters, boilers, and water treatment products. The company has two reporting segments: North America (75% of sales) and rest of world (25% of sales). A.O. Smith is the leading manufacturer of water heaters in North America for the residential and commercial markets, with approximately 37% and 54% market share, respectively. Residential water heaters account for most of North American sales and are distributed equally through wholesale and retail channels. Most of A.O. Smith's international revenue is from China, a market the company entered during the mid-1990s.

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