What is Fortune Industries, 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.
Fortune Industries,'s adjusted revenue per share for the three months ended in Mar. 2013 was €0.788. 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 €0.00 for the trailing ten years ended in Mar. 2013.
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.
As of today (2024-09-24), Fortune Industries,'s current stock price is €0.29. Fortune Industries,'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2013 was €0.00. Fortune Industries,'s Cyclically Adjusted PS Ratio of today is .
Fortune Industries, Cyclically Adjusted Revenue per Share Historical Data
The historical data trend for Fortune Industries,'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.
Fortune Industries, Cyclically Adjusted Revenue per Share Chart
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Fortune Industries, Annual Data
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Fortune Industries, Quarterly Data
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Competitive Comparison of Fortune Industries,'s Cyclically Adjusted Revenue per Share
For the Staffing & Employment Services subindustry, Fortune Industries,'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.
Fortune Industries,'s Cyclically Adjusted PS Ratio Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Fortune Industries,'s Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Fortune Industries,'s Cyclically Adjusted PS Ratio falls into.
Fortune Industries, 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, Fortune Industries,'s adjusted Revenue per Share data for the three months ended in Mar. 2013 was:
| Adj_RevenuePerShare | = | Revenue per Share | / | CPI of Mar. 2013 (Change) | * | Current CPI (Mar. 2013) |
| = | 0.788 | / | 98.2094 | * | 98.2094 |
| = | 0.788 |
Current CPI (Mar. 2013) = 98.2094.
Fortune Industries, Quarterly Data
|
Revenue per Share |
CPI |
Adj_RevenuePerShare |
| 200305 |
0.673 |
77.421 |
0.854 |
| 200308 |
0.980 |
77.885 |
1.236 |
| 200311 |
1.851 |
77.843 |
2.335 |
| 200402 |
2.151 |
78.560 |
2.689 |
| 200405 |
2.249 |
79.783 |
2.768 |
| 200408 |
2.278 |
79.952 |
2.798 |
| 200411 |
2.740 |
80.585 |
3.339 |
| 200502 |
1.169 |
80.923 |
1.419 |
| 200505 |
2.332 |
82.019 |
2.792 |
| 200508 |
3.727 |
82.863 |
4.417 |
| 200511 |
2.881 |
83.370 |
3.394 |
| 200602 |
2.316 |
83.834 |
2.713 |
| 200605 |
2.529 |
85.437 |
2.907 |
| 200608 |
3.062 |
86.028 |
3.496 |
| 200611 |
2.579 |
85.015 |
2.979 |
| 200702 |
2.008 |
85.858 |
2.297 |
| 200705 |
2.367 |
87.736 |
2.650 |
| 200708 |
2.599 |
87.722 |
2.910 |
| 200711 |
2.334 |
88.676 |
2.585 |
| 200802 |
2.246 |
89.316 |
2.470 |
| 200805 |
2.024 |
91.399 |
2.175 |
| 200808 |
1.910 |
92.435 |
2.029 |
| 200811 |
2.413 |
89.624 |
2.644 |
| 200902 |
0.880 |
89.527 |
0.965 |
| 200905 |
0.773 |
90.228 |
0.841 |
| 200909 |
0.697 |
91.120 |
0.751 |
| 200912 |
0.699 |
91.111 |
0.753 |
| 201003 |
0.767 |
91.821 |
0.820 |
| 201006 |
0.864 |
91.962 |
0.923 |
| 201009 |
0.805 |
92.162 |
0.858 |
| 201012 |
0.813 |
92.474 |
0.863 |
| 201103 |
0.824 |
94.283 |
0.858 |
| 201106 |
0.764 |
95.235 |
0.788 |
| 201109 |
0.785 |
95.727 |
0.805 |
| 201112 |
0.773 |
95.213 |
0.797 |
| 201203 |
0.832 |
96.783 |
0.844 |
| 201206 |
0.776 |
96.819 |
0.787 |
| 201209 |
0.732 |
97.633 |
0.736 |
| 201212 |
0.717 |
96.871 |
0.727 |
| 201303 |
0.788 |
98.209 |
0.788 |
Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.
Fortune Industries, Business Description
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Fortune Industries Inc Fortune Industries, Inc. was incorporated in the state of Delaware in 1988, restructured in 2000 and redomesticated to the state of Indiana in May 2005. The Company provides full service human resources outsourcing services through co-employment relationships with their clients. Effective November 30, 2008, the Company approved the sale of all of the remaining operating subsidiaries within four of the five segments, as Wireless Infrastructure, Transportation Infrastructure, Ultraviolet Technologies, and Electronics Integration, to a related party. Consequently, as of the effective date of the transaction, the Business Solutions segment is the Company's remaining operating segment. The Business Solutions segment is comprised of Professional Employer Organizations (PEOs) which provide full-service human resources outsourcing services through co-employment relationships with their clients. Companies operating in the Business Solutions Segment include Professional Staff Management, Inc. and subsidiaries (PSM); CSM, Inc. and subsidiaries and related entities (CSM); Precision Employee Management, LLC (PEM); and Employer Solutions Group, Inc. and related entities (ESG). The Companies in the Business Solutions segment bill their clients under Professional Services Agreements as licensed PEOs. The billing includes amounts for the client's gross wages, payroll taxes, employee benefits, workers' compensation insurance and an administration fee. The administration fee charged by the companies in this segment is typically a percentage of the gross payroll and is sufficient to allow the companies in this segment to provide payroll administration services, human resources consulting services, worksite safety training, and employment regulatory compliance for no additional fees. The Companies in the Business Solutions segment compete with other PEOs, third-party payroll processing and human resources consulting companies, and in-house human resources divisions. The Company's Business Solutions segment is subject to various federal, state and local laws and regulations pertaining to various employee benefit plans, employee retirement plans, Section 125 cafeteria plans, group health plans, welfare benefit plans and health care flexible spending accounts.
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