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AltaGas (FRA:AQ3) Cyclically Adjusted Revenue per Share : €19.60 (As of Mar. 2024)


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What is AltaGas 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.

AltaGas's adjusted revenue per share for the three months ended in Mar. 2024 was €8.361. 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 €19.60 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AltaGas's average Cyclically Adjusted Revenue Growth Rate was 10.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 16.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 11.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 1.80% 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 AltaGas was 16.80% per year. The lowest was -5.80% per year. And the median was 0.80% per year.

As of today (2024-05-14), AltaGas's current stock price is €20.20. AltaGas's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €19.60. AltaGas's Cyclically Adjusted PS Ratio of today is 1.03.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of AltaGas was 2.35. The lowest was 0.65. And the median was 1.34.


AltaGas Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for AltaGas'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.

AltaGas Cyclically Adjusted Revenue per Share Chart

AltaGas 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 11.99 11.28 14.11 17.54 18.94

AltaGas 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 17.55 18.38 19.89 18.94 19.60

Competitive Comparison of AltaGas's Cyclically Adjusted Revenue per Share

For the Oil & Gas Midstream subindustry, AltaGas'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.


AltaGas's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, AltaGas's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



AltaGas 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, AltaGas'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)
=8.361/125.4675*125.4675
=8.361

Current CPI (Mar. 2024) = 125.4675.

AltaGas Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.538 99.473 3.201
201409 2.417 99.394 3.051
201412 3.427 98.367 4.371
201503 3.942 99.789 4.956
201506 2.343 100.500 2.925
201509 2.170 100.421 2.711
201512 2.620 99.947 3.289
201603 2.775 101.054 3.445
201606 1.985 102.002 2.442
201609 2.019 101.765 2.489
201612 2.873 101.449 3.553
201703 3.200 102.634 3.912
201706 2.123 103.029 2.585
201709 1.991 103.345 2.417
201712 2.823 103.345 3.427
201803 3.119 105.004 3.727
201806 2.217 105.557 2.635
201809 2.620 105.636 3.112
201812 4.148 105.399 4.938
201903 4.557 106.979 5.345
201906 2.823 107.690 3.289
201909 2.190 107.611 2.553
201912 3.757 107.769 4.374
202003 4.329 107.927 5.033
202006 2.483 108.401 2.874
202009 2.226 108.164 2.582
202012 3.877 108.559 4.481
202103 7.358 110.298 8.370
202106 4.844 111.720 5.440
202109 5.556 112.905 6.174
202112 7.699 113.774 8.490
202203 9.871 117.646 10.527
202206 8.452 120.806 8.778
202209 8.229 120.648 8.558
202212 9.559 120.964 9.915
202303 9.760 122.702 9.980
202306 6.456 124.203 6.522
202309 7.448 125.230 7.462
202312 7.880 125.468 7.880
202403 8.361 125.468 8.361

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


AltaGas  (FRA:AQ3) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=20.20/19.6
=1.03

* 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 AltaGas was 2.35. The lowest was 0.65. And the median was 1.34.


Be Aware

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


AltaGas Cyclically Adjusted Revenue per Share Related Terms

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


AltaGas (FRA:AQ3) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AltaGas Ltd (FRA:AQ3) » Definitions » Cyclically Adjusted Revenue per Share
Address
1700, 355 - 4th Avenue S.W., Calgary, AB, CAN, T2P 0J1
AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through given segments: Midstream, Utilities and Corporate/other. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users. Revenue is derived from customers in both Canada and the United States, with Canadian customers contributing the most.

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