GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Watsco Inc (FRA:WC3) » Definitions » Cyclically Adjusted Revenue per Share

Watsco (FRA:WC3) Cyclically Adjusted Revenue per Share : €166.75 (As of Mar. 2024)


View and export this data going back to 2005. Start your Free Trial

What is Watsco 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.

Watsco's adjusted revenue per share for the three months ended in Mar. 2024 was €38.913. 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 €166.75 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Watsco's average Cyclically Adjusted Revenue Growth Rate was 6.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 8.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 7.60% 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 Watsco was 15.60% per year. The lowest was 5.00% per year. And the median was 8.50% per year.

As of today (2024-05-26), Watsco's current stock price is €450.20. Watsco's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €166.75. Watsco's Cyclically Adjusted PS Ratio of today is 2.70.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Watsco was 2.72. The lowest was 0.95. And the median was 1.41.


Watsco Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Watsco'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.

Watsco Cyclically Adjusted Revenue per Share Chart

Watsco 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 114.31 109.26 130.81 156.66 158.84

Watsco 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 156.40 158.12 165.37 158.84 166.75

Competitive Comparison of Watsco's Cyclically Adjusted Revenue per Share

For the Industrial Distribution subindustry, Watsco'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.


Watsco's Cyclically Adjusted PS Ratio Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Watsco's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Watsco 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, Watsco'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)
=38.913/131.7762*131.7762
=38.913

Current CPI (Mar. 2024) = 131.7762.

Watsco Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 26.621 100.560 34.885
201409 27.204 100.428 35.696
201412 21.947 99.070 29.193
201503 23.049 99.621 30.489
201506 33.565 100.684 43.930
201509 32.269 100.392 42.357
201512 25.519 99.792 33.698
201603 23.499 100.470 30.821
201606 33.149 101.688 42.957
201609 33.873 101.861 43.821
201612 26.516 101.863 34.303
201703 24.951 102.862 31.965
201706 34.717 103.349 44.266
201709 31.504 104.136 39.866
201712 24.460 104.011 30.989
201803 21.896 105.290 27.404
201806 33.184 106.317 41.130
201809 32.288 106.507 39.949
201812 25.332 105.998 31.493
201903 23.957 107.251 29.435
201906 35.229 108.070 42.957
201909 36.408 108.329 44.288
201912 27.579 108.420 33.520
202003 26.050 108.902 31.522
202006 34.324 108.767 41.585
202009 37.025 109.815 44.429
202012 26.908 109.897 32.265
202103 27.012 111.754 31.851
202106 43.333 114.631 49.814
202109 42.751 115.734 48.677
202112 37.695 117.630 42.228
202203 38.965 121.301 42.330
202206 56.826 125.017 59.898
202209 57.819 125.227 60.843
202212 41.296 125.222 43.458
202303 39.896 127.348 41.283
202306 50.751 128.729 51.952
202309 54.481 129.860 55.285
202312 39.935 129.419 40.662
202403 38.913 131.776 38.913

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


Watsco  (FRA:WC3) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=450.20/166.75
=2.70

* 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 Watsco was 2.72. The lowest was 0.95. And the median was 1.41.


Be Aware

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


Watsco Cyclically Adjusted Revenue per Share Related Terms

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


Watsco (FRA:WC3) Business Description

Industry
Traded in Other Exchanges
Address
2665 South Bayshore Drive, Suite 901, Miami, FL, USA, 33133
Watsco is the largest heating, ventilation, air-conditioning, and refrigeration products distributor in North America. The company primarily operates in the United States (91% of 2022 revenue) with significant exposure in the Sunbelt states. Watsco also has operations in Canada (5% of sales) and Latin America and the Caribbean (4% of sales). The company's customer base consists of more than 120,000 dealers and contractors that serve the replacement and new construction HVACR markets for residential and light commercial applications.

Watsco (FRA:WC3) Headlines

No Headlines