GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » AGF Management Ltd (FRA:A3J) » Definitions » Cyclically Adjusted Revenue per Share

AGF Management (FRA:A3J) Cyclically Adjusted Revenue per Share : €4.25 (As of Feb. 2024)


View and export this data going back to 2010. Start your Free Trial

What is AGF Management 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.

AGF Management's adjusted revenue per share for the three months ended in Feb. 2024 was €1.172. 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 €4.25 for the trailing ten years ended in Feb. 2024.

During the past 12 months, AGF Management's average Cyclically Adjusted Revenue Growth Rate was 2.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 1.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -2.20% 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 AGF Management was 10.80% per year. The lowest was -5.00% per year. And the median was -1.15% per year.

As of today (2024-04-30), AGF Management's current stock price is €5.35. AGF Management's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was €4.25. AGF Management's Cyclically Adjusted PS Ratio of today is 1.26.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of AGF Management was 1.93. The lowest was 0.45. And the median was 1.09.


AGF Management Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for AGF Management'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.

AGF Management Cyclically Adjusted Revenue per Share Chart

AGF Management Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.92 3.60 3.98 4.15 4.17

AGF Management Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 4.16 4.17 4.11 4.17 4.25

Competitive Comparison of AGF Management's Cyclically Adjusted Revenue per Share

For the Asset Management subindustry, AGF Management'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.


AGF Management's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

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



AGF Management 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, AGF Management's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=1.172/125.4675*125.4675
=1.172

Current CPI (Feb. 2024) = 125.4675.

AGF Management Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 0.877 99.394 1.107
201408 0.892 99.315 1.127
201411 0.849 99.078 1.075
201502 0.867 99.078 1.098
201505 0.947 100.263 1.185
201508 0.876 100.579 1.093
201511 0.858 100.421 1.072
201602 0.801 100.421 1.001
201605 0.882 101.765 1.087
201608 0.892 101.686 1.101
201611 0.864 101.607 1.067
201702 0.900 102.476 1.102
201705 0.878 103.108 1.068
201708 0.866 103.108 1.054
201711 0.846 103.740 1.023
201802 0.835 104.688 1.001
201805 0.866 105.399 1.031
201808 0.872 106.031 1.032
201811 0.833 105.478 0.991
201902 0.774 106.268 0.914
201905 0.841 107.927 0.978
201908 0.825 108.085 0.958
201911 0.890 107.769 1.036
202002 0.852 108.559 0.985
202005 0.737 107.532 0.860
202008 0.791 108.243 0.917
202011 0.851 108.796 0.981
202102 0.957 109.745 1.094
202105 1.041 111.404 1.172
202108 1.071 112.668 1.193
202111 1.161 113.932 1.279
202202 1.121 115.986 1.213
202205 1.197 120.016 1.251
202208 1.192 120.569 1.240
202211 1.157 121.675 1.193
202302 1.151 122.070 1.183
202305 1.164 124.045 1.177
202308 1.138 125.389 1.139
202311 1.084 125.468 1.084
202402 1.172 125.468 1.172

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


AGF Management  (FRA:A3J) 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.

AGF Management's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=5.35/4.25
=1.26

* 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 AGF Management was 1.93. The lowest was 0.45. And the median was 1.09.


Be Aware

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


AGF Management Cyclically Adjusted Revenue per Share Related Terms

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


AGF Management (FRA:A3J) Business Description

Industry
Traded in Other Exchanges
Address
81 Bay Street, Suite 3900, CIBC SQUARE, Tower One, Toronto, ON, CAN, M5J 0G1
AGF Management is a Canada-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of September, the firm had CAD 41.0 billion in total assets under management. Its funds are weighted more heavily toward equities, with close to three fourths of retail AUM being equity-related. That said, the company does use fundamental, quantitative, and alternative strategies to manage its investment funds. AGF Management has a more meaningful portion of its business tied to institutional clients than its peers, with one fourth of its total AUM derived from institutional and subadvised accounts. The company derives 17% of its managed assets from high-net-worth clients.

AGF Management (FRA:A3J) Headlines

No Headlines