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Aon (FRA:4VK) Cyclically Adjusted Revenue per Share : €49.64 (As of Sep. 2024)


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What is Aon 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.

Aon's adjusted revenue per share for the three months ended in Sep. 2024 was €15.351. 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 €49.64 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Aon's average Cyclically Adjusted Revenue Growth Rate was 5.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 8.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.20% 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 Aon was 10.80% per year. The lowest was -4.00% per year. And the median was 5.20% per year.

As of today (2024-12-14), Aon's current stock price is €345.00. Aon's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was €49.64. Aon's Cyclically Adjusted PS Ratio of today is 6.95.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Aon was 7.63. The lowest was 2.83. And the median was 5.14.


Aon Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Aon'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.

Aon Cyclically Adjusted Revenue per Share Chart

Aon 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 33.52 30.55 37.95 45.83 47.42

Aon 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 50.34 47.42 50.22 51.29 49.64

Competitive Comparison of Aon's Cyclically Adjusted Revenue per Share

For the Insurance Brokers subindustry, Aon'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.


Aon's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Aon's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Aon 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, Aon'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)
=15.351/121.5939*121.5939
=15.351

Current CPI (Sep. 2024) = 121.5939.

Aon Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 9.113 99.576 11.128
201503 9.163 99.975 11.144
201506 8.717 100.573 10.539
201509 8.609 100.274 10.439
201512 3.593 99.676 4.383
201603 7.467 99.676 9.109
201606 7.528 101.072 9.057
201609 7.274 100.274 8.821
201612 9.367 99.676 11.427
201703 8.338 100.374 10.101
201706 8.032 100.673 9.701
201709 7.630 100.474 9.234
201712 9.674 100.075 11.754
201803 10.016 100.573 12.109
201806 8.861 101.072 10.660
201809 8.197 101.371 9.832
201812 9.942 100.773 11.996
201903 11.414 101.670 13.651
201906 9.499 102.168 11.305
201909 9.034 102.268 10.741
201912 10.970 102.068 13.069
202003 12.423 102.367 14.756
202006 9.492 101.769 11.341
202009 8.672 101.072 10.433
202012 10.564 101.072 12.709
202103 12.981 102.367 15.419
202106 10.506 103.364 12.359
202109 10.189 104.859 11.815
202112 12.317 106.653 14.042
202203 15.399 109.245 17.140
202206 13.144 112.779 14.171
202209 12.808 113.504 13.721
202212 14.137 115.436 14.891
202303 17.458 117.609 18.049
202306 14.214 119.662 14.443
202309 13.524 120.749 13.619
202312 15.321 120.749 15.428
202403 18.713 120.990 18.806
202406 16.376 122.318 16.279
202409 15.351 121.594 15.351

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


Aon  (FRA:4VK) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=345.00/49.64
=6.95

* 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 Aon was 7.63. The lowest was 2.83. And the median was 5.14.


Be Aware

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


Aon Cyclically Adjusted Revenue per Share Related Terms

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


Aon Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aon PLC (FRA:4VK) » Definitions » Cyclically Adjusted Revenue per Share
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Address
James Joyce Street, Metropolitan Building, Dublin 1, IRL, D01 K0Y8
Aon is a leading global provider of insurance and reinsurance brokerage and human resources solutions. Its operations are tilted toward its brokerage operations. Headquartered in London, Aon has about 50,000 employees and operations in over 120 countries.

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