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Waste Management (LTS:0LTG) Cyclically Adjusted Revenue per Share : $44.05 (As of Mar. 2024)


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What is Waste Management 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.

Waste Management's adjusted revenue per share for the three months ended in Mar. 2024 was $12.786. 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 $44.05 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Waste Management's average Cyclically Adjusted Revenue Growth Rate was 6.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 4.30% 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 Waste Management was 21.20% per year. The lowest was -11.20% per year. And the median was 3.50% per year.

As of today (2024-05-22), Waste Management's current stock price is $208.96. Waste Management's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $44.05. Waste Management's Cyclically Adjusted PS Ratio of today is 4.74.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Waste Management was 4.94. The lowest was 1.42. And the median was 2.89.


Waste Management Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Waste Management'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.

Waste Management Cyclically Adjusted Revenue per Share Chart

Waste Management 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 32.92 33.69 37.27 40.44 43.08

Waste Management 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 41.43 42.18 43.02 43.08 44.05

Competitive Comparison of Waste Management's Cyclically Adjusted Revenue per Share

For the Waste Management subindustry, Waste Management'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.


Waste Management's Cyclically Adjusted PS Ratio Distribution in the Waste Management Industry

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

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



Waste Management 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, Waste Management'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)
=12.786/131.7762*131.7762
=12.786

Current CPI (Mar. 2024) = 131.7762.

Waste Management Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 7.609 100.560 9.971
201409 7.770 100.428 10.195
201412 7.420 99.070 9.870
201503 6.630 99.621 8.770
201506 7.238 100.684 9.473
201509 7.422 100.392 9.742
201512 7.196 99.792 9.502
201603 7.080 100.470 9.286
201606 7.667 101.688 9.936
201609 7.961 101.861 10.299
201612 7.781 101.863 10.066
201703 7.746 102.862 9.923
201706 8.274 103.349 10.550
201709 8.430 104.136 10.668
201712 8.344 104.011 10.571
201803 8.056 105.290 10.083
201806 8.649 106.317 10.720
201809 8.872 106.507 10.977
201812 8.952 105.998 11.129
201903 8.658 107.251 10.638
201906 9.230 108.070 11.255
201909 9.282 108.329 11.291
201912 8.990 108.420 10.927
202003 8.745 108.902 10.582
202006 8.401 108.767 10.178
202009 9.093 109.815 10.911
202012 9.560 109.897 11.463
202103 9.691 111.754 11.427
202106 10.567 114.631 12.147
202109 11.055 115.734 12.587
202112 11.117 117.630 12.454
202203 11.156 121.301 12.119
202206 12.073 125.017 12.726
202209 12.250 125.227 12.891
202212 11.996 125.222 12.624
202303 11.961 127.348 12.377
202306 12.556 128.729 12.853
202309 12.806 129.860 12.995
202312 12.888 129.419 13.123
202403 12.786 131.776 12.786

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


Waste Management  (LTS:0LTG) 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.

Waste Management's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=208.96/44.05
=4.74

* 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 Waste Management was 4.94. The lowest was 1.42. And the median was 2.89.


Be Aware

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


Waste Management Cyclically Adjusted Revenue per Share Related Terms

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


Waste Management (LTS:0LTG) Business Description

Industry
Address
800 Capitol Street, Suite 3000, Houston, TX, USA, 77002
WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating 259 active landfills and about 337 transfer stations. The company serves residential, commercial, and industrial end markets and is also a leading recycler in North America.

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