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H&R Block (FRA:HRB) Cyclically Adjusted Revenue per Share : €18.10 (As of Mar. 2024)


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What is H&R Block 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.

H&R Block's adjusted revenue per share for the three months ended in Mar. 2024 was €14.201. 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 €18.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, H&R Block'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 11.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 3.50% 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 H&R Block was 17.40% per year. The lowest was -1.20% per year. And the median was 5.10% per year.

As of today (2024-05-21), H&R Block's current stock price is €47.60. H&R Block's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €18.10. H&R Block's Cyclically Adjusted PS Ratio of today is 2.63.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of H&R Block was 3.14. The lowest was 0.92. And the median was 2.12.


H&R Block Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for H&R Block'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.

H&R Block Cyclically Adjusted Revenue per Share Chart

H&R Block Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Jun22 Jun23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.57 12.05 11.71 15.49 16.46

H&R Block Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 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 16.52 16.46 17.05 16.47 18.10

Competitive Comparison of H&R Block's Cyclically Adjusted Revenue per Share

For the Personal Services subindustry, H&R Block'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.


H&R Block's Cyclically Adjusted PS Ratio Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, H&R Block's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where H&R Block's Cyclically Adjusted PS Ratio falls into.



H&R Block 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, H&R Block'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)
=14.201/131.7762*131.7762
=14.201

Current CPI (Mar. 2024) = 131.7762.

H&R Block Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201404 6.557 100.023 8.639
201407 0.360 100.520 0.472
201410 0.386 100.176 0.508
201501 1.593 98.604 2.129
201504 7.496 99.824 9.895
201507 0.454 100.691 0.594
201510 0.430 100.346 0.565
201601 1.885 99.957 2.485
201604 8.826 100.947 11.521
201607 0.514 101.524 0.667
201610 0.553 101.988 0.715
201701 2.044 102.456 2.629
201704 10.221 103.167 13.055
201707 0.575 103.278 0.734
201710 0.573 104.070 0.726
201801 1.916 104.578 2.414
201804 9.080 105.708 11.319
201807 0.598 106.324 0.741
201810 0.630 106.695 0.778
201901 1.996 106.200 2.477
201904 9.972 107.818 12.188
201907 0.664 108.250 0.808
201910 0.734 108.577 0.891
202001 2.410 108.841 2.918
202004 8.397 108.173 10.229
202007 2.694 109.318 3.247
202010 0.791 109.861 0.949
202101 1.380 110.364 1.648
202104 10.273 112.673 12.015
202109 0.919 115.734 1.046
202112 0.811 117.630 0.909
202203 11.304 121.301 12.280
202206 6.083 125.017 6.412
202209 1.141 125.227 1.201
202212 1.019 125.222 1.072
202303 12.570 127.348 13.007
202306 6.205 128.729 6.352
202309 1.177 129.860 1.194
202312 1.154 129.419 1.175
202403 14.201 131.776 14.201

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


H&R Block  (FRA:HRB) 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.

H&R Block's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=47.60/18.1
=2.63

* 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 H&R Block was 3.14. The lowest was 0.92. And the median was 2.12.


Be Aware

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


H&R Block Cyclically Adjusted Revenue per Share Related Terms

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


H&R Block (FRA:HRB) Business Description

Industry
Traded in Other Exchanges
Address
One H&R Block Way, Kansas City, MO, USA, 64105
H&R Block Inc provides income tax return preparation services, digital do-it-yourself tax solutions, and other services related to income tax preparation to the general public primarily in the United States, Canada, and Australia. The company mainly prepares tax returns for customers within the United States through its company-owned offices, franchise locations, and online tax software. The vast majority of H&R Block's offices are located in the U.S. The company derives most of its total revenue from the U.S. assisted tax preparation fees. Revenue from franchise and product royalties and digital do-it-yourself tax solutions is also relatively significant.