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ARMOUR Residential REIT (LTS:0HHU) Cyclically Adjusted Revenue per Share : $-8.70 (As of Mar. 2024)


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What is ARMOUR Residential REIT 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.

ARMOUR Residential REIT's adjusted revenue per share for the three months ended in Mar. 2024 was $0.513. 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 $-8.70 for the trailing ten years ended in Mar. 2024.

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 ARMOUR Residential REIT was -61.80% per year. The lowest was -61.80% per year. And the median was -61.80% per year.

As of today (2024-05-25), ARMOUR Residential REIT's current stock price is $18.82. ARMOUR Residential REIT's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $-8.70. ARMOUR Residential REIT's Cyclically Adjusted PS Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PS Ratio of ARMOUR Residential REIT was 125.31. The lowest was 9.15. And the median was 16.69.


ARMOUR Residential REIT Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for ARMOUR Residential REIT'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.

ARMOUR Residential REIT Cyclically Adjusted Revenue per Share Chart

ARMOUR Residential REIT 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 4.20 0.50 -3.10 -9.43 -9.12

ARMOUR Residential REIT 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 -11.04 -17.89 -17.90 -9.12 -8.70

Competitive Comparison of ARMOUR Residential REIT's Cyclically Adjusted Revenue per Share

For the REIT - Mortgage subindustry, ARMOUR Residential REIT'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.


ARMOUR Residential REIT's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, ARMOUR Residential REIT's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



ARMOUR Residential REIT 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, ARMOUR Residential REIT'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)
=0.513/131.7762*131.7762
=0.513

Current CPI (Mar. 2024) = 131.7762.

ARMOUR Residential REIT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 -7.583 100.560 -9.937
201409 6.262 100.428 8.217
201412 -15.777 99.070 -20.986
201503 -13.964 99.621 -18.471
201506 22.762 100.684 29.791
201509 -25.143 100.392 -33.003
201512 15.041 99.792 19.862
201603 -38.156 100.470 -50.045
201606 1.035 101.688 1.341
201609 11.125 101.861 14.392
201612 12.379 101.863 16.014
201703 4.166 102.862 5.337
201706 0.316 103.349 0.403
201709 4.481 104.136 5.670
201712 6.260 104.011 7.931
201803 5.449 105.290 6.820
201806 2.285 106.317 2.832
201809 6.170 106.507 7.634
201812 -20.470 105.998 -25.448
201903 -10.499 107.251 -12.900
201906 -13.664 108.070 -16.661
201909 -4.165 108.329 -5.066
201912 9.187 108.420 11.166
202003 -18.685 108.902 -22.610
202006 4.042 108.767 4.897
202009 4.959 109.815 5.951
202012 6.248 109.897 7.492
202103 5.370 111.754 6.332
202106 -4.487 114.631 -5.158
202109 2.061 115.734 2.347
202112 -1.059 117.630 -1.186
202203 -3.396 121.301 -3.689
202206 -2.698 125.017 -2.844
202209 -5.643 125.227 -5.938
202212 1.382 125.222 1.454
202303 -0.823 127.348 -0.852
202306 1.119 128.729 1.145
202309 -3.824 129.860 -3.880
202312 2.064 129.419 2.102
202403 0.513 131.776 0.513

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


ARMOUR Residential REIT  (LTS:0HHU) 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of ARMOUR Residential REIT was 125.31. The lowest was 9.15. And the median was 16.69.


Be Aware

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


ARMOUR Residential REIT Cyclically Adjusted Revenue per Share Related Terms

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


ARMOUR Residential REIT (LTS:0HHU) Business Description

Industry
Traded in Other Exchanges
Address
3001 Ocean Drive, Suite 201, Vero Beach, FL, USA, 32963
ARMOUR Residential REIT Inc is a real estate investment trust that invests in residential mortgage-backed securities or RMBS. These are issued or guaranteed by U.S.-government-sponsored enterprises, such as Fannie Mae, Freddie Mac, or Ginnie Mae. The company's investment portfolio is composed of mortgage-backed securities, adjustable-rate mortgage securities, and multifamily mortgage-backed securities. In terms of total fair value, most Armour's investments are long-term, fixed-rate agency RMBS. Multifamily RMBS also represents a substantial amount. Fannie Mae guarantees most of the company's holdings. Armour derives substantially all its revenue as interest income from its investments.

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