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Voya Financial (FRA:V0Y) Cyclically Adjusted Revenue per Share : €50.72 (As of Mar. 2024)


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What is Voya Financial 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.

Voya Financial's adjusted revenue per share for the three months ended in Mar. 2024 was €17.634. 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 €50.72 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Voya Financial's average Cyclically Adjusted Revenue Growth Rate was 7.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.30% 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 Voya Financial was 6.30% per year. The lowest was 6.30% per year. And the median was 6.30% per year.

As of today (2024-05-20), Voya Financial's current stock price is €67.50. Voya Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €50.72. Voya Financial's Cyclically Adjusted PS Ratio of today is 1.33.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Voya Financial was 1.63. The lowest was 1.08. And the median was 1.35.


Voya Financial Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Voya Financial'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.

Voya Financial Cyclically Adjusted Revenue per Share Chart

Voya Financial 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 - 35.56 40.74 47.23 48.09

Voya Financial 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 46.64 47.84 50.48 48.09 50.72

Competitive Comparison of Voya Financial's Cyclically Adjusted Revenue per Share

For the Financial Conglomerates subindustry, Voya Financial'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.


Voya Financial's Cyclically Adjusted PS Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Voya Financial's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Voya Financial 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, Voya Financial'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)
=17.634/131.7762*131.7762
=17.634

Current CPI (Mar. 2024) = 131.7762.

Voya Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 7.757 100.560 10.165
201409 9.749 100.428 12.792
201412 7.963 99.070 10.592
201503 9.998 99.621 13.225
201506 11.508 100.684 15.062
201509 14.729 100.392 19.334
201512 -2.353 99.792 -3.107
201603 12.924 100.470 16.951
201606 11.791 101.688 15.280
201609 11.287 101.861 14.602
201612 2.671 101.863 3.455
201703 9.888 102.862 12.667
201706 10.389 103.349 13.247
201709 10.046 104.136 12.712
201712 3.756 104.011 4.759
201803 8.942 105.290 11.191
201806 10.467 106.317 12.974
201809 11.768 106.507 14.560
201812 4.621 105.998 5.745
201903 10.657 107.251 13.094
201906 11.625 108.070 14.175
201909 11.798 108.329 14.352
201912 10.042 108.420 12.205
202003 11.098 108.902 13.429
202006 11.552 108.767 13.996
202009 13.921 109.815 16.705
202012 11.407 109.897 13.678
202103 -12.558 111.754 -14.808
202106 15.338 114.631 17.632
202109 12.736 115.734 14.501
202112 10.978 117.630 12.298
202203 10.943 121.301 11.888
202206 12.764 125.017 13.454
202209 12.862 125.227 13.535
202212 13.744 125.222 14.463
202303 15.450 127.348 15.987
202306 15.392 128.729 15.756
202309 15.378 129.860 15.605
202312 15.298 129.419 15.577
202403 17.634 131.776 17.634

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


Voya Financial  (FRA:V0Y) 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.

Voya Financial's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=67.50/50.72
=1.33

* 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 Voya Financial was 1.63. The lowest was 1.08. And the median was 1.35.


Be Aware

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


Voya Financial Cyclically Adjusted Revenue per Share Related Terms

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


Voya Financial (FRA:V0Y) Business Description

Traded in Other Exchanges
Address
230 Park Avenue, New York, NY, USA, 10169
Voya Financial Inc is a financial services company, which, through its subsidiaries, provides various investment, insurance, and retirement solutions to individual and institutional clients in the United States. Its products and services include tax savings plans, individual retirement accounts, group life insurance plans, and employee benefits products, among others. The company tailors each of its products to the needs of its customer base. It operates its business through three principal lines: Wealth Solutions, Investment Management, and Health Solutions The Wealth segment generates roughly half of the company's revenue.

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