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Air China (HKSE:00753) Cyclically Adjusted Revenue per Share : HK$6.13 (As of Mar. 2025)


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What is Air China 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.

Air China's adjusted revenue per share for the three months ended in Mar. 2025 was HK$2.519. 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 HK$6.13 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Air China's average Cyclically Adjusted Revenue Growth Rate was 0.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -1.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -2.30% 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 Air China was 6.90% per year. The lowest was -4.40% per year. And the median was -0.30% per year.

As of today (2025-05-17), Air China's current stock price is HK$5.04. Air China's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was HK$6.13. Air China's Cyclically Adjusted PS Ratio of today is 0.82.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Air China was 2.03. The lowest was 0.65. And the median was 0.93.


Air China Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Air China'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.

Air China Cyclically Adjusted Revenue per Share Chart

Air China Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.69 5.48 5.70 5.97 5.79

Air China Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 4.60 4.33 4.93 5.79 6.13

Competitive Comparison of Air China's Cyclically Adjusted Revenue per Share

For the Airlines subindustry, Air China'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.


Air China's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air China's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Air China 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, Air China's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=2.519/119.3844*119.3844
=2.519

Current CPI (Mar. 2025) = 119.3844.

Air China Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 2.619 99.267 3.150
201509 3.098 99.927 3.701
201512 2.591 102.015 3.032
201603 2.586 102.785 3.004
201606 2.589 101.686 3.040
201609 3.053 102.565 3.554
201612 2.464 103.225 2.850
201703 2.448 103.335 2.828
201706 2.451 103.664 2.823
201709 3.057 103.994 3.509
201712 2.614 104.984 2.973
201803 2.836 105.973 3.195
201806 2.847 106.193 3.201
201809 3.311 106.852 3.699
201812 2.781 107.622 3.085
201903 2.796 108.172 3.086
201906 2.723 109.601 2.966
201909 2.985 110.260 3.232
201912 2.702 110.700 2.914
202003 1.390 110.920 1.496
202006 0.991 110.590 1.070
202009 1.595 107.512 1.771
202012 1.818 109.711 1.978
202103 1.261 111.579 1.349
202106 2.014 111.360 2.159
202109 1.755 109.051 1.921
202112 1.520 112.349 1.615
202203 1.163 113.558 1.223
202206 0.938 113.448 0.987
202209 1.496 113.778 1.570
202212 0.878 114.548 0.915
202303 1.854 115.427 1.918
202306 2.409 115.647 2.487
202309 3.053 116.087 3.140
202312 3.166 117.296 3.222
202403 2.859 117.735 2.899
202406 2.706 117.296 2.754
202409 3.699 118.615 3.723
202412 1.734 118.945 1.740
202503 2.519 119.384 2.519

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


Air China  (HKSE:00753) 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.

Air China's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=5.04/6.13
=0.82

* 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 Air China was 2.03. The lowest was 0.65. And the median was 0.93.


Be Aware

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


Air China Cyclically Adjusted Revenue per Share Related Terms

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


Air China Business Description

Industry
Address
12 Tung Fai Road, 5th Floor, CNAC House, Hong Kong International Airport, Hong Kong, HKG
Air China is based in Beijing. It is one of the largest state-owned airlines and the flag carrier in China. The group operated a fleet of 905 aircraft as of 2023 and carried more than 115 million passengers in prepandemic 2019. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs such as Beijing, Chengdu, and Shanghai.
Executives
Cathay Pacific Airways Limited 2101 Beneficial owner
John Swire & Sons Limited 2201 Interest of corporation controlled by you
Swire Pacific Limited 2201 Interest of corporation controlled by you
China National Aviation Corporation (group) Limited 2101 Beneficial owner
China National Aviation Holding Corporation Limited 2201 Interest of corporation controlled by you

Air China Headlines

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