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D.R. Horton (FRA:HO2) Cyclically Adjusted Revenue per Share : €60.74 (As of Mar. 2024)


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What is D.R. Horton 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.

D.R. Horton's adjusted revenue per share for the three months ended in Mar. 2024 was €25.138. 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 €60.74 for the trailing ten years ended in Mar. 2024.

During the past 12 months, D.R. Horton's average Cyclically Adjusted Revenue Growth Rate was 16.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 24.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 21.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 8.80% 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 D.R. Horton was 24.10% per year. The lowest was -7.30% per year. And the median was 6.30% per year.

As of today (2024-05-01), D.R. Horton's current stock price is €135.70. D.R. Horton's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €60.74. D.R. Horton's Cyclically Adjusted PS Ratio of today is 2.23.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of D.R. Horton was 2.90. The lowest was 0.63. And the median was 1.64.


D.R. Horton Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for D.R. Horton'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.

D.R. Horton Cyclically Adjusted Revenue per Share Chart

D.R. Horton Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.51 27.24 35.63 56.18 59.21

D.R. Horton 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 50.09 53.50 59.21 57.15 60.74

Competitive Comparison of D.R. Horton's Cyclically Adjusted Revenue per Share

For the Residential Construction subindustry, D.R. Horton'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.


D.R. Horton's Cyclically Adjusted PS Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, D.R. Horton's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



D.R. Horton 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, D.R. Horton'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)
=25.138/129.4194*129.4194
=25.138

Current CPI (Mar. 2024) = 129.4194.

D.R. Horton Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 4.296 100.560 5.529
201409 5.216 100.428 6.722
201412 5.073 99.070 6.627
201503 5.998 99.621 7.792
201506 7.100 100.684 9.126
201509 7.613 100.392 9.814
201512 5.939 99.792 7.702
201603 6.651 100.470 8.567
201606 7.652 101.688 9.739
201609 8.837 101.861 11.228
201612 7.295 101.863 9.269
201703 8.023 102.862 10.094
201706 8.859 103.349 11.094
201709 9.180 104.136 11.409
201712 7.337 104.011 9.129
201803 8.016 105.290 9.853
201806 9.902 106.317 12.054
201809 10.086 106.507 12.256
201812 8.138 105.998 9.936
201903 9.674 107.251 11.674
201906 11.520 108.070 13.796
201909 12.201 108.329 14.576
201912 9.691 108.420 11.568
202003 11.004 108.902 13.077
202006 13.017 108.767 15.489
202009 14.702 109.815 17.327
202012 13.182 109.897 15.524
202103 14.748 111.754 17.079
202106 16.610 114.631 18.753
202109 19.046 115.734 21.298
202112 17.335 117.630 19.072
202203 20.385 121.301 21.749
202206 23.544 125.017 24.373
202209 27.840 125.227 28.772
202212 19.750 125.222 20.412
202303 21.591 127.348 21.942
202306 26.225 128.729 26.366
202309 29.025 129.860 28.927
202312 21.104 129.419 21.104
202403 25.138 129.419 25.138

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


D.R. Horton  (FRA:HO2) 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.

D.R. Horton's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=135.70/60.74
=2.23

* 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 D.R. Horton was 2.90. The lowest was 0.63. And the median was 1.64.


Be Aware

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


D.R. Horton Cyclically Adjusted Revenue per Share Related Terms

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


D.R. Horton (FRA:HO2) Business Description

Traded in Other Exchanges
Address
1341 Horton Circle, Arlington, TX, USA, 76011
D.R. Horton is a leading homebuilder in the United States with operations in 118 markets across 33 states. D.R. Horton mainly builds single-family detached homes (over 90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States.

D.R. Horton (FRA:HO2) Headlines

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