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Amazon.com (LIM:AMZN) Cyclically Adjusted Revenue per Share : $40.41 (As of Mar. 2025)


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What is Amazon.com 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.

Amazon.com's adjusted revenue per share for the three months ended in Mar. 2025 was $14.423. 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 $40.41 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Amazon.com's average Cyclically Adjusted Revenue Growth Rate was 16.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 20.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 24.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 25.20% 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 Amazon.com was 30.10% per year. The lowest was 20.50% per year. And the median was 27.10% per year.

As of today (2025-05-10), Amazon.com's current stock price is $194.54. Amazon.com's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $40.41. Amazon.com's Cyclically Adjusted PS Ratio of today is 4.81.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Amazon.com was 11.36. The lowest was 3.09. And the median was 6.39.


Amazon.com Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Amazon.com'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.

Amazon.com Cyclically Adjusted Revenue per Share Chart

Amazon.com 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 17.13 22.57 27.73 33.11 39.17

Amazon.com 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 34.42 36.47 37.46 39.17 40.41

Competitive Comparison of Amazon.com's Cyclically Adjusted Revenue per Share

For the Internet Retail subindustry, Amazon.com'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.


Amazon.com's Cyclically Adjusted PS Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Amazon.com's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Amazon.com 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, Amazon.com'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)
=14.423/134.9266*134.9266
=14.423

Current CPI (Mar. 2025) = 134.9266.

Amazon.com Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 2.435 100.684 3.263
201509 2.653 100.392 3.566
201512 3.724 99.792 5.035
201603 3.028 100.470 4.066
201606 3.147 101.688 4.176
201609 3.373 101.861 4.468
201612 4.491 101.863 5.949
201703 3.644 102.862 4.780
201706 3.857 103.349 5.035
201709 4.428 104.136 5.737
201712 6.094 104.011 7.905
201803 5.125 105.290 6.568
201806 5.289 106.317 6.712
201809 5.646 106.507 7.153
201812 7.238 105.998 9.213
201903 5.946 107.251 7.480
201906 6.303 108.070 7.869
201909 6.943 108.329 8.648
201912 8.623 108.420 10.731
202003 7.456 108.902 9.238
202006 8.734 108.767 10.835
202009 9.389 109.815 11.536
202012 12.247 109.897 15.036
202103 10.577 111.754 12.770
202106 10.994 114.631 12.940
202109 10.749 115.734 12.532
202112 13.311 117.630 15.268
202203 11.449 121.301 12.735
202206 11.915 125.017 12.859
202209 12.303 125.227 13.256
202212 14.596 125.222 15.727
202303 12.309 127.348 13.042
202306 12.861 128.729 13.480
202309 13.552 129.860 14.081
202312 16.016 129.419 16.698
202403 13.431 131.776 13.752
202406 13.819 132.554 14.066
202409 14.800 133.029 15.011
202412 17.438 133.157 17.670
202503 14.423 134.927 14.423

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


Amazon.com  (LIM:AMZN) 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.

Amazon.com's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=194.54/40.41
=4.81

* 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 Amazon.com was 11.36. The lowest was 3.09. And the median was 6.39.


Be Aware

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


Amazon.com Cyclically Adjusted Revenue per Share Related Terms

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


Amazon.com Business Description

Industry
Address
410 Terry Avenue North, Seattle, WA, USA, 98109-5210
Amazon is the leading online retailer and marketplace for third party sellers. Retail related revenue represents approximately 75% of total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (15%), advertising services (5% to 10%), and other the remainder. International segments constitute 25% to 30% of Amazon's non-AWS sales, led by Germany, the United Kingdom, and Japan.