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Morguard (FRA:74S) Cyclically Adjusted Revenue per Share : €70.78 (As of Mar. 2024)


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What is Morguard 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.

Morguard's adjusted revenue per share for the three months ended in Mar. 2024 was €17.423. 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 €70.78 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Morguard's average Cyclically Adjusted Revenue Growth Rate was 8.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 12.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 14.10% 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 Morguard was 16.70% per year. The lowest was 3.80% per year. And the median was 12.05% per year.

As of today (2024-06-09), Morguard's current stock price is €72.50. Morguard's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €70.78. Morguard's Cyclically Adjusted PS Ratio of today is 1.02.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Morguard was 5.06. The lowest was 1.00. And the median was 3.23.


Morguard Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Morguard'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.

Morguard Cyclically Adjusted Revenue per Share Chart

Morguard 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 - 43.99 52.75 63.52 67.79

Morguard 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 64.06 66.97 69.87 67.79 70.78

Competitive Comparison of Morguard's Cyclically Adjusted Revenue per Share

For the Real Estate - Diversified subindustry, Morguard'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.


Morguard's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Morguard's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Morguard 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, Morguard'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)
=17.423/126.2576*126.2576
=17.423

Current CPI (Mar. 2024) = 126.2576.

Morguard Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 7.289 99.473 9.252
201409 7.864 99.394 9.989
201412 8.022 98.367 10.297
201503 12.867 99.789 16.280
201506 12.595 100.500 15.823
201509 12.159 100.421 15.287
201512 12.382 99.947 15.641
201603 13.111 101.054 16.381
201606 13.035 102.002 16.135
201609 13.025 101.765 16.160
201612 13.724 101.449 17.080
201703 15.750 102.634 19.375
201706 15.366 103.029 18.830
201709 16.001 103.345 19.549
201712 15.921 103.345 19.451
201803 14.851 105.004 17.857
201806 17.216 105.557 20.592
201809 16.727 105.636 19.992
201812 17.194 105.399 20.597
201903 16.715 106.979 19.727
201906 17.333 107.690 20.321
201909 17.910 107.611 21.013
201912 17.954 107.769 21.034
202003 16.594 107.927 19.412
202006 13.837 108.401 16.116
202009 14.196 108.164 16.571
202012 14.725 108.559 17.126
202103 14.668 110.298 16.790
202106 15.316 111.720 17.309
202109 15.695 112.905 17.551
202112 16.704 113.774 18.537
202203 16.857 117.646 18.091
202206 18.616 120.806 19.456
202209 20.153 120.648 21.090
202212 17.914 120.964 18.698
202303 17.816 122.702 18.332
202306 19.110 124.203 19.426
202309 19.735 125.230 19.897
202312 19.494 125.072 19.679
202403 17.423 126.258 17.423

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


Morguard  (FRA:74S) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=72.50/70.78
=1.02

* 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 Morguard was 5.06. The lowest was 1.00. And the median was 3.23.


Be Aware

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


Morguard Cyclically Adjusted Revenue per Share Related Terms

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


Morguard (FRA:74S) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Morguard Corp (FRA:74S) » Definitions » Cyclically Adjusted Revenue per Share
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Address
55 City Centre Drive, Suite 1000, Legal Department, Mississauga, ON, CAN, L5B 1M3
Morguard Corp is a real estate company that acquires, owns, and develops properties in Canada and the United States. The company operates through three business divisions: investments in real property, ownership in real estate investment trusts (including Morguard REIT and Morguard North American Residential REIT), and real estate advisory services and portfolio management. This advisory segment focuses on publicly traded equities and fixed-income securities for institutional clients and private investors. Morguard owns a portfolio of residential, retail, office, industrial, and hotel properties. The company also offers real estate management services and property investment advisory services.

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