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MCHIF (Maruichi Steel Tube) Cyclically Adjusted Revenue per Share : $11.80 (As of Mar. 2024)


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What is Maruichi Steel Tube 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.

Maruichi Steel Tube's adjusted revenue per share for the three months ended in Mar. 2024 was $5.669. 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 $11.80 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Maruichi Steel Tube's average Cyclically Adjusted Revenue Growth Rate was 10.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.90% 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 Maruichi Steel Tube was 10.60% per year. The lowest was 3.10% per year. And the median was 6.65% per year.

As of today (2024-09-21), Maruichi Steel Tube's current stock price is $19.80. Maruichi Steel Tube's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $11.80. Maruichi Steel Tube's Cyclically Adjusted PS Ratio of today is 1.68.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Maruichi Steel Tube was 2.44. The lowest was 1.26. And the median was 1.58.


Maruichi Steel Tube Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Maruichi Steel Tube'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.

Maruichi Steel Tube Cyclically Adjusted Revenue per Share Chart

Maruichi Steel Tube 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 - - 18.25 14.77 11.80

Maruichi Steel Tube Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 13.41 12.22 12.67 11.80 -

Competitive Comparison of Maruichi Steel Tube's Cyclically Adjusted Revenue per Share

For the Steel subindustry, Maruichi Steel Tube'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.


Maruichi Steel Tube's Cyclically Adjusted PS Ratio Distribution in the Steel Industry

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

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



Maruichi Steel Tube 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, Maruichi Steel Tube'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)
=5.669/107.2000*107.2000
=5.669

Current CPI (Mar. 2024) = 107.2000.

Maruichi Steel Tube Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 4.276 98.000 4.677
201409 4.186 98.500 4.556
201412 3.838 97.900 4.203
201503 3.790 97.900 4.150
201506 3.540 98.400 3.857
201509 3.700 98.500 4.027
201512 3.658 98.100 3.997
201603 3.575 97.900 3.915
201606 3.615 98.100 3.950
201609 4.065 98.000 4.447
201612 3.675 98.400 4.004
201703 3.867 98.100 4.226
201706 4.060 98.500 4.419
201709 4.202 98.800 4.559
201712 4.314 99.400 4.653
201803 4.559 99.200 4.927
201806 4.442 99.200 4.800
201809 4.531 99.900 4.862
201812 4.636 99.700 4.985
201903 4.537 99.700 4.878
201906 4.418 99.800 4.746
201909 4.329 100.100 4.636
201912 4.406 100.500 4.700
202003 4.147 100.300 4.432
202006 4.306 99.900 4.621
202009 4.451 99.900 4.776
202012 4.779 99.300 5.159
202103 4.803 99.900 5.154
202106 5.052 99.500 5.443
202109 5.972 100.100 6.396
202112 6.587 100.100 7.054
202203 6.647 101.100 7.048
202206 6.131 101.800 6.456
202209 6.379 103.100 6.633
202212 6.465 104.100 6.658
202303 6.147 104.400 6.312
202306 5.953 105.200 6.066
202309 5.778 106.200 5.832
202312 5.960 106.800 5.982
202403 5.669 107.200 5.669

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


Maruichi Steel Tube  (OTCPK:MCHIF) 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.

Maruichi Steel Tube's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=19.80/11.8
=1.68

* 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 Maruichi Steel Tube was 2.44. The lowest was 1.26. And the median was 1.58.


Be Aware

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


Maruichi Steel Tube Cyclically Adjusted Revenue per Share Related Terms

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


Maruichi Steel Tube Business Description

Industry
Traded in Other Exchanges
Address
29th Floor, Nambaskyo, 1-60, 5, Chome, Namba, Chuo-ku, Osaka, JPN, 542-0076
Maruichi Steel Tube Ltd is a Japan-based company that manufactures and sells steel tube and steel sheet coating. Japan, North America, and Asia excluding Japan are the three largest markets for the company. The company's product portfolio includes welded steel tubes, hot-dip galvanized steel sheet, lighting poles, and prepainted steel sheet. Its products are used in architecture, civil engineering, machinery, power generation plants, automobiles, motor cycles, medical equipment, fitness machines, office automation equipment, office and educational furniture, and others. It has plants across North America and Asia.

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