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Micron Technology (LTS:0R2T) Cyclically Adjusted Revenue per Share : CHF22.11 (As of Feb. 2024)


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What is Micron Technology 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.

Micron Technology's adjusted revenue per share for the three months ended in Feb. 2024 was CHF4.585. 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 CHF22.11 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Micron Technology's average Cyclically Adjusted Revenue Growth Rate was 3.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 12.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 10.90% 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 Micron Technology was 39.00% per year. The lowest was -2.30% per year. And the median was 6.90% per year.

As of today (2024-06-18), Micron Technology's current stock price is CHF156.42. Micron Technology's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was CHF22.11. Micron Technology's Cyclically Adjusted PS Ratio of today is 7.07.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Micron Technology was 6.57. The lowest was 0.99. And the median was 3.10.


Micron Technology Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Micron Technology'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.

Micron Technology Cyclically Adjusted Revenue per Share Chart

Micron Technology Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 22.39

Micron Technology Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 - 22.07 22.39 22.12 22.11

Competitive Comparison of Micron Technology's Cyclically Adjusted Revenue per Share

For the Semiconductors subindustry, Micron Technology'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.


Micron Technology's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Micron Technology's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Micron Technology 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, Micron Technology's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=4.585/130.9299*130.9299
=4.585

Current CPI (Feb. 2024) = 130.9299.

Micron Technology Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 2.972 100.373 3.877
201408 3.194 100.352 4.167
201411 3.690 99.635 4.849
201502 3.277 99.032 4.333
201505 3.068 100.333 4.004
201508 3.099 100.548 4.035
201511 3.118 100.135 4.077
201602 2.809 100.040 3.676
201605 2.735 101.355 3.533
201608 3.007 101.617 3.874
201611 3.625 101.829 4.661
201702 4.011 102.779 5.110
201705 4.666 103.256 5.917
201708 4.979 103.587 6.293
201711 5.506 104.072 6.927
201802 5.555 105.052 6.923
201805 6.294 106.148 7.763
201808 6.852 106.383 8.433
201811 6.748 106.338 8.309
201902 5.121 106.649 6.287
201905 4.286 108.048 5.194
201908 4.225 108.245 5.110
201911 4.524 108.519 5.458
202002 4.133 109.139 4.958
202005 4.668 108.175 5.650
202008 4.872 109.662 5.817
202011 4.634 109.793 5.526
202102 4.894 110.968 5.774
202105 5.851 113.576 6.745
202108 6.633 115.421 7.524
202111 6.267 117.269 6.997
202202 6.358 119.703 6.954
202205 7.558 123.323 8.024
202208 5.745 124.958 6.020
202211 3.620 125.607 3.773
202302 3.134 126.928 3.233
202305 3.079 128.314 3.142
202308 3.213 129.538 3.248
202311 3.825 129.548 3.866
202402 4.585 130.930 4.585

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


Micron Technology  (LTS:0R2T) 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.

Micron Technology's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=156.42/22.11
=7.07

* 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 Micron Technology was 6.57. The lowest was 0.99. And the median was 3.10.


Be Aware

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


Micron Technology Cyclically Adjusted Revenue per Share Related Terms

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


Micron Technology (LTS:0R2T) Business Description

Industry
Address
8000 South Federal Way, Post Office Box 6, Boise, ID, USA, 83716-9632
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.

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