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UPL (LSE:UPLL) Cyclically Adjusted Revenue per Share : $18.08 (As of Mar. 2024)


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What is UPL 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.

UPL's adjusted revenue per share for the three months ended in Mar. 2024 was $5.092. 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 $18.08 for the trailing ten years ended in Mar. 2024.

During the past 12 months, UPL's average Cyclically Adjusted Revenue Growth Rate was 12.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 15.20% 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 UPL was 16.10% per year. The lowest was 15.20% per year. And the median was 15.65% per year.

As of today (2024-06-25), UPL's current stock price is $17.25. UPL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $18.08. UPL's Cyclically Adjusted PS Ratio of today is 0.95.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of UPL was 2.68. The lowest was 0.98. And the median was 1.75.


UPL Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for UPL'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.

UPL Cyclically Adjusted Revenue per Share Chart

UPL Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 9.10 10.25 18.08

UPL 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 10.25 11.09 12.69 13.65 18.08

Competitive Comparison of UPL's Cyclically Adjusted Revenue per Share

For the Agricultural Inputs subindustry, UPL'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.


UPL's Cyclically Adjusted PS Ratio Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, UPL's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



UPL 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, UPL'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)
=5.092/153.0345*153.0345
=5.092

Current CPI (Mar. 2024) = 153.0345.

UPL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.435 94.103 2.334
201409 1.362 96.780 2.154
201412 1.510 96.780 2.388
201503 1.753 97.163 2.761
201506 1.344 99.841 2.060
201509 1.216 101.753 1.829
201512 1.297 102.901 1.929
201603 1.734 102.518 2.588
201606 1.376 105.961 1.987
201609 1.403 105.961 2.026
201612 1.508 105.196 2.194
201703 2.125 105.196 3.091
201706 1.524 107.109 2.177
201709 1.526 109.021 2.142
201712 1.714 109.404 2.398
201803 2.294 109.786 3.198
201806 1.596 111.317 2.194
201809 1.540 115.142 2.047
201812 1.820 115.142 2.419
201903 3.125 118.202 4.046
201906 2.990 120.880 3.785
201909 2.866 123.175 3.561
201912 3.266 126.235 3.959
202003 3.822 124.705 4.690
202006 2.704 127.000 3.258
202009 3.188 130.118 3.749
202012 3.241 130.889 3.789
202103 4.508 131.771 5.235
202106 2.762 134.084 3.152
202109 3.753 135.847 4.228
202112 3.669 138.161 4.064
202203 6.456 138.822 7.117
202206 3.400 142.347 3.655
202209 4.147 144.661 4.387
202212 4.126 145.763 4.332
202303 5.408 146.865 5.635
202306 2.904 150.280 2.957
202309 3.291 151.492 3.325
202312 3.339 152.924 3.341
202403 5.092 153.035 5.092

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


UPL  (LSE:UPLL) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=17.25/18.08
=0.95

* 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 UPL was 2.68. The lowest was 0.98. And the median was 1.75.


Be Aware

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


UPL Cyclically Adjusted Revenue per Share Related Terms

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


UPL (LSE:UPLL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » UPL Ltd (LSE:UPLL) » Definitions » Cyclically Adjusted Revenue per Share
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Address
UPL House, 610 B/2, Bandra Village, Off Western Express Highway, Bandra (East), Mumbai, MH, IND, 400051
UPL Ltd is a global crop protection and seed company with product sales to the agricultural industry. The Company derives revenue primarily from sale of agro-chemicals, seeds and other products. The firm's crop protection portfolio includes fungicides, herbicides, insecticides, plant growth regulators rodenticides, and specialty crop chemicals. The firm's seed products consist of nutri-feeds, seeds, and seed treatment products. UPL competes on price with the manufacture and sale of generic products. UPL generates its revenue worldwide, with sales in over 120 countries, and derives the largest share of its revenue in India. The firm sells its products through a distribution network in each region.

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