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Horiba (Horiba) Cyclically Adjusted Revenue per Share : $31.14 (As of Mar. 2024)


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What is Horiba 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.

Horiba's adjusted revenue per share for the three months ended in Mar. 2024 was $11.053. 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 $31.14 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Horiba's average Cyclically Adjusted Revenue Growth Rate was 9.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.20% 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 Horiba was 9.20% per year. The lowest was 4.60% per year. And the median was 6.05% per year.

As of today (2024-05-24), Horiba's current stock price is $82.00. Horiba's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $31.14. Horiba's Cyclically Adjusted PS Ratio of today is 2.63.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Horiba was 3.07. The lowest was 1.16. And the median was 1.61.


Horiba Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Horiba'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.

Horiba Cyclically Adjusted Revenue per Share Chart

Horiba 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 31.01 36.61 37.46 37.44 31.85

Horiba 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 28.86 33.91 32.83 31.85 31.14

Competitive Comparison of Horiba's Cyclically Adjusted Revenue per Share

For the Scientific & Technical Instruments subindustry, Horiba'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.


Horiba's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Horiba 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, Horiba'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)
=11.053/107.2000*107.2000
=11.053

Current CPI (Mar. 2024) = 107.2000.

Horiba Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 7.970 98.000 8.718
201409 7.260 98.500 7.901
201412 10.255 97.900 11.229
201503 8.426 97.900 9.226
201506 7.271 98.400 7.921
201509 7.732 98.500 8.415
201512 10.020 98.100 10.949
201603 8.643 97.900 9.464
201606 8.686 98.100 9.492
201609 8.571 98.000 9.376
201612 10.835 98.400 11.804
201703 9.559 98.100 10.446
201706 8.875 98.500 9.659
201709 9.587 98.800 10.402
201712 13.202 99.400 14.238
201803 11.740 99.200 12.687
201806 10.142 99.200 10.960
201809 9.704 99.900 10.413
201812 13.584 99.700 14.606
201903 9.631 99.700 10.355
201906 10.110 99.800 10.860
201909 9.968 100.100 10.675
201912 13.673 100.500 14.585
202003 9.864 100.300 10.543
202006 8.765 99.900 9.405
202009 10.011 99.900 10.743
202012 13.015 99.300 14.050
202103 10.541 99.900 11.311
202106 11.293 99.500 12.167
202109 11.263 100.100 12.062
202112 14.572 100.100 15.606
202203 11.037 101.100 11.703
202206 10.458 101.800 11.013
202209 11.534 103.100 11.993
202212 14.846 104.100 15.288
202303 11.607 104.400 11.918
202306 10.870 105.200 11.077
202309 11.080 106.200 11.184
202312 14.681 106.800 14.736
202403 11.053 107.200 11.053

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


Horiba  (OTCPK:HRIBF) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=82.00/31.14
=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 Horiba was 3.07. The lowest was 1.16. And the median was 1.61.


Be Aware

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


Horiba Cyclically Adjusted Revenue per Share Related Terms

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


Horiba (Horiba) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Horiba Ltd (OTCPK:HRIBF) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
2, Miyanohigashi-cho, Kisshoin, Minami-ku, Kyoto, JPN, 601-8510
Horiba Ltd provides analytical and measurement equipment. The automotive test systems segment contributes the largest percentage of revenue and supplies engine, driveline, brake, wind tunnel balance, and emissions test systems. The scientific segment sells instruments like pH meters, X-ray microscopes, and spectrometers. The semiconductor segment supplies mass flow controllers that are used in the semiconductor manufacturing process. The medical-diagnostic segment sells blood testing instruments and reagents for the in vitro diagnostics market. The process and environmental segment provides solutions associated with environmental regulations, such as air-pollution and water-quality analyzers. Horiba generates the largest proportion of its sales in Japan.

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