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M/I Homes (FRA:4MI) Cyclically Adjusted Revenue per Share : €92.37 (As of Mar. 2024)


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What is M/I Homes 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.

M/I Homes's adjusted revenue per share for the three months ended in Mar. 2024 was €33.334. 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 €92.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, M/I Homes's average Cyclically Adjusted Revenue Growth Rate was 11.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 18.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 16.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.90% 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 M/I Homes was 18.10% per year. The lowest was -9.30% per year. And the median was 0.15% per year.

As of today (2024-05-03), M/I Homes's current stock price is €107.80. M/I Homes's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €92.37. M/I Homes's Cyclically Adjusted PS Ratio of today is 1.17.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of M/I Homes was 1.37. The lowest was 0.24. And the median was 0.55.


M/I Homes Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for M/I Homes'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.

M/I Homes Cyclically Adjusted Revenue per Share Chart

M/I Homes 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 49.35 51.90 66.24 84.00 92.85

M/I Homes Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 83.61 89.47 97.13 92.85 92.37

Competitive Comparison of M/I Homes's Cyclically Adjusted Revenue per Share

For the Residential Construction subindustry, M/I Homes'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.


M/I Homes's Cyclically Adjusted PS Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, M/I Homes's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where M/I Homes's Cyclically Adjusted PS Ratio falls into.



M/I Homes 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, M/I Homes's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=33.334/129.4194*129.4194
=33.334

Current CPI (Mar. 2024) = 129.4194.

M/I Homes Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.929 100.560 8.918
201409 8.578 100.428 11.054
201412 9.965 99.070 13.018
201503 8.112 99.621 10.538
201506 9.581 100.684 12.315
201509 10.771 100.392 13.885
201512 14.289 99.792 18.531
201603 9.699 100.470 12.494
201606 11.873 101.688 15.111
201609 13.081 101.861 16.620
201612 16.433 101.863 20.879
201703 12.547 102.862 15.786
201706 13.280 103.349 16.630
201709 13.031 104.136 16.195
201712 16.873 104.011 20.995
201803 11.626 105.290 14.290
201806 16.416 106.317 19.983
201809 16.835 106.507 20.457
201812 22.537 105.998 27.517
201903 15.223 107.251 18.370
201906 19.650 108.070 23.532
201909 20.744 108.329 24.783
201912 22.885 108.420 27.317
202003 18.020 108.902 21.415
202006 21.993 108.767 26.169
202009 24.581 109.815 28.969
202012 25.242 109.897 29.726
202103 23.406 111.754 27.106
202106 26.507 114.631 29.927
202109 25.598 115.734 28.625
202112 31.423 117.630 34.572
202203 26.886 121.301 28.685
202206 34.434 125.017 35.647
202209 36.298 125.227 37.513
202212 40.998 125.222 42.372
202303 33.015 127.348 33.552
202306 32.698 128.729 32.873
202309 34.000 129.860 33.885
202312 30.785 129.419 30.785
202403 33.334 129.419 33.334

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


M/I Homes  (FRA:4MI) 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.

M/I Homes's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=107.80/92.37
=1.17

* 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 M/I Homes was 1.37. The lowest was 0.24. And the median was 0.55.


Be Aware

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


M/I Homes Cyclically Adjusted Revenue per Share Related Terms

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


M/I Homes (FRA:4MI) Business Description

Traded in Other Exchanges
Address
4131 Worth Avenue, Suite 500, Columbus, OH, USA, 43219
M/I Homes Inc is an American construction company that focuses on residential construction. It consists of two distinct operations: homebuilding and financial services. The homebuilding operations are spread into the Midwest, Mid-Atlantic, and Southern regions and the financial services operations support homebuilding operations by providing mortgage loans and title services to the customers of homebuilding operations. Homebuilding operations comprise the most significant portion of the revenue. The company builds homes and communities that target entry-level, move-up, and luxury homebuyers.

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