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BP (FRA:BSU) Cyclically Adjusted Revenue per Share : €71.90 (As of Mar. 2024)


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What is BP 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.

BP's adjusted revenue per share for the three months ended in Mar. 2024 was €15.730. 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 €71.90 for the trailing ten years ended in Mar. 2024.

During the past 12 months, BP's average Cyclically Adjusted Revenue Growth Rate was -3.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -0.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -1.40% 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 BP was 14.00% per year. The lowest was -2.50% per year. And the median was 9.40% per year.

As of today (2024-05-23), BP's current stock price is €34.00. BP's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €71.90. BP's Cyclically Adjusted PS Ratio of today is 0.47.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of BP was 0.54. The lowest was 0.18. And the median was 0.43.


BP Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for BP'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.

BP Cyclically Adjusted Revenue per Share Chart

BP 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 81.20 71.90 74.72 72.62 71.22

BP 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 72.34 74.63 73.60 71.22 71.90

Competitive Comparison of BP's Cyclically Adjusted Revenue per Share

For the Oil & Gas Integrated subindustry, BP'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.


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

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

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



BP 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, BP'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)
=15.73/131.6000*131.6000
=15.730

Current CPI (Mar. 2024) = 131.6000.

BP Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 14.635 99.800 19.298
201409 23.634 100.000 31.102
201412 19.278 99.900 25.395
201503 16.811 99.600 22.212
201506 18.127 100.100 23.831
201509 16.340 100.200 21.461
201512 14.744 100.400 19.326
201603 11.235 100.400 14.726
201606 13.273 101.000 17.294
201609 13.293 101.500 17.235
201612 15.184 102.200 19.552
201703 15.972 102.700 20.467
201706 15.254 103.500 19.395
201709 15.208 104.300 19.189
201712 17.252 105.000 21.623
201803 16.561 105.100 20.737
201806 19.330 105.900 24.021
201809 20.311 106.600 25.074
201812 19.824 107.100 24.359
201903 17.364 107.000 21.356
201906 18.898 107.900 23.049
201909 18.263 108.400 22.172
201912 18.868 108.500 22.885
202003 8.335 108.600 10.100
202006 5.602 108.800 6.776
202009 6.619 109.200 7.977
202012 6.678 109.400 8.033
202103 8.577 109.700 10.289
202106 8.917 111.400 10.534
202109 9.156 112.400 10.720
202112 13.446 114.700 15.427
202203 13.752 116.500 15.534
202206 19.634 120.500 21.443
202209 17.652 122.300 18.994
202212 21.589 125.300 22.674
202303 17.263 126.800 17.916
202306 15.016 129.400 15.271
202309 17.007 130.100 17.203
202312 16.624 130.500 16.764
202403 15.730 131.600 15.730

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


BP  (FRA:BSU) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=34.00/71.9
=0.47

* 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 BP was 0.54. The lowest was 0.18. And the median was 0.43.


Be Aware

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


BP Cyclically Adjusted Revenue per Share Related Terms

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


BP (FRA:BSU) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BP PLC (FRA:BSU) » Definitions » Cyclically Adjusted Revenue per Share
Address
1 St James's Square, London, GBR, SW1Y 4PD
BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 1.1 million barrels of liquids and 6.9 billion cubic feet of natural gas per day. At the end of 2022, reserves stood at 7.2 billion barrels of oil equivalent, 56% of which are liquids. The company operates refineries with a capacity of 1.6 million barrels of oil per day. BP also holds a 20% ownership interest in Rosneft, which it plans to exit.

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