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Teradyne (FRA:TEY) Cyclically Adjusted Revenue per Share : €13.84 (As of Mar. 2024)


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What is Teradyne 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.

Teradyne's adjusted revenue per share for the three months ended in Mar. 2024 was €3.399. 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 €13.84 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Teradyne's average Cyclically Adjusted Revenue Growth Rate was 7.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 14.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 13.80% 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 Teradyne was 15.00% per year. The lowest was -7.40% per year. And the median was 5.40% per year.

As of today (2024-04-30), Teradyne's current stock price is €107.60. Teradyne's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €13.84. Teradyne's Cyclically Adjusted PS Ratio of today is 7.77.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Teradyne was 14.15. The lowest was 2.19. And the median was 5.25.


Teradyne Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Teradyne'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.

Teradyne Cyclically Adjusted Revenue per Share Chart

Teradyne 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 8.12 8.15 10.75 12.80 13.72

Teradyne 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 12.94 13.45 14.11 13.72 13.84

Competitive Comparison of Teradyne's Cyclically Adjusted Revenue per Share

For the Semiconductor Equipment & Materials subindustry, Teradyne'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.


Teradyne's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Teradyne's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Teradyne 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, Teradyne'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)
=3.399/129.4194*129.4194
=3.399

Current CPI (Mar. 2024) = 129.4194.

Teradyne Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.786 100.560 2.299
201409 1.699 100.428 2.189
201412 1.198 99.070 1.565
201503 1.446 99.621 1.879
201506 2.120 100.684 2.725
201509 1.961 100.392 2.528
201512 1.411 99.792 1.830
201603 1.881 100.470 2.423
201606 2.331 101.688 2.967
201609 1.793 101.861 2.278
201612 1.794 101.863 2.279
201703 2.116 102.862 2.662
201706 3.078 103.349 3.854
201709 2.104 104.136 2.615
201712 2.002 104.011 2.491
201803 1.943 105.290 2.388
201806 2.314 106.317 2.817
201809 2.550 106.507 3.099
201812 2.516 105.998 3.072
201903 2.471 107.251 2.982
201906 2.796 108.070 3.348
201909 2.928 108.329 3.498
201912 3.241 108.420 3.869
202003 3.527 108.902 4.192
202006 4.131 108.767 4.915
202009 3.774 109.815 4.448
202012 3.339 109.897 3.932
202103 3.497 111.754 4.050
202106 4.825 114.631 5.447
202109 4.439 115.734 4.964
202112 4.400 117.630 4.841
202203 3.906 121.301 4.167
202206 4.647 125.017 4.811
202209 5.010 125.227 5.178
202212 4.175 125.222 4.315
202303 3.468 127.348 3.524
202306 3.834 128.729 3.855
202309 4.019 129.860 4.005
202312 3.793 129.419 3.793
202403 3.399 129.419 3.399

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


Teradyne  (FRA:TEY) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=107.60/13.84
=7.77

* 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 Teradyne was 14.15. The lowest was 2.19. And the median was 5.25.


Be Aware

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


Teradyne Cyclically Adjusted Revenue per Share Related Terms

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


Teradyne (FRA:TEY) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Teradyne Inc (FRA:TEY) » Definitions » Cyclically Adjusted Revenue per Share
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Address
600 Riverpark Drive, North Reading, MA, USA, 01864
Teradyne provides testing equipment, including automated test equipment for semiconductors, system testing for hard disk drives, circuit boards, and electronics systems and wireless testing for devices. The firm entered the industrial automation market in 2015, into which it sells collaborative and autonomous robots for factory applications. Teradyne serves numerous end markets and geographies directly and indirectly with its products, but its most significant exposure is to semiconductor testing. Teradyne serves vertically integrated, fabless, and foundry chipmakers with its equipment.

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