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Novo Nordisk AS (LTS:0QIU) Cyclically Adjusted Revenue per Share : kr36.96 (As of Mar. 2025)


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What is Novo Nordisk AS 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.

Novo Nordisk AS's adjusted revenue per share for the three months ended in Mar. 2025 was kr17.562. 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 kr36.96 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Novo Nordisk AS's average Cyclically Adjusted Revenue Growth Rate was 16.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 16.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 14.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 12.20% 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 Novo Nordisk AS was 16.10% per year. The lowest was 6.30% per year. And the median was 11.70% per year.

As of today (2025-05-25), Novo Nordisk AS's current stock price is kr443.825. Novo Nordisk AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was kr36.96. Novo Nordisk AS's Cyclically Adjusted PS Ratio of today is 12.01.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Novo Nordisk AS was 31.25. The lowest was 8.17. And the median was 12.20.


Novo Nordisk AS Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Novo Nordisk AS'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.

Novo Nordisk AS Cyclically Adjusted Revenue per Share Chart

Novo Nordisk AS 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 20.62 22.61 27.23 30.68 35.78

Novo Nordisk AS 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 32.61 33.54 34.54 35.78 36.96

Competitive Comparison of Novo Nordisk AS's Cyclically Adjusted Revenue per Share

For the Drug Manufacturers - General subindustry, Novo Nordisk AS'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.


Novo Nordisk AS's Cyclically Adjusted PS Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Novo Nordisk AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Novo Nordisk AS 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, Novo Nordisk AS'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)
=17.562/120.2000*120.2000
=17.562

Current CPI (Mar. 2025) = 120.2000.

Novo Nordisk AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 5.236 100.300 6.275
201509 5.209 100.200 6.249
201512 5.667 99.800 6.825
201603 5.335 100.200 6.400
201606 5.404 100.600 6.457
201609 5.440 100.200 6.526
201612 5.878 100.300 7.044
201703 5.690 101.200 6.758
201706 5.830 101.200 6.925
201709 5.389 101.800 6.363
201712 5.685 101.300 6.746
201803 5.513 101.700 6.516
201806 5.637 102.300 6.623
201809 5.738 102.400 6.735
201812 6.181 102.100 7.277
201903 6.127 102.900 7.157
201906 6.301 102.900 7.360
201909 6.379 102.900 7.451
201912 6.858 102.900 8.011
202003 7.193 103.300 8.370
202006 6.398 103.200 7.452
202009 6.622 103.500 7.690
202012 6.911 103.400 8.034
202103 7.299 104.300 8.412
202106 7.163 105.000 8.200
202109 7.753 105.800 8.808
202112 8.358 106.600 9.424
202203 9.204 109.900 10.067
202206 9.065 113.600 9.592
202209 10.043 116.400 10.371
202212 10.634 115.900 11.029
202303 11.825 117.300 12.117
202306 12.060 116.400 12.454
202309 13.083 117.400 13.395
202312 14.722 116.700 15.164
202403 14.618 118.400 14.840
202406 15.242 118.500 15.461
202409 15.987 118.900 16.162
202412 19.243 118.900 19.453
202503 17.562 120.200 17.562

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


Novo Nordisk AS  (LTS:0QIU) 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.

Novo Nordisk AS's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=443.825/36.96
=12.01

* 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 Novo Nordisk AS was 31.25. The lowest was 8.17. And the median was 12.20.


Be Aware

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


Novo Nordisk AS Cyclically Adjusted Revenue per Share Related Terms

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


Novo Nordisk AS Business Description

Industry
Address
Novo Alle 1, Bagsvaerd, DNK, 2880
With roughly one third of the global branded diabetes treatment market, Novo Nordisk is the leading provider of diabetes-care products in the world. Based in Denmark, the company manufactures and markets a variety of human and modern insulins, injectable diabetes treatments such as GLP-1 therapy, oral antidiabetic agents, and obesity treatments. Novo also has a biopharmaceutical segment (constituting less than 10% of revenue) that specializes in protein therapies for hemophilia and other disorders.

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