Labcorp Holdings (MEX:LH) Cyclically Adjusted Revenue per Share : MXN2,195.29 (As of Mar. 2024)

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What is Labcorp Holdings 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.

Labcorp Holdings's adjusted revenue per share for the three months ended in Mar. 2024 was MXN622.428. 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 MXN2,195.29 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Labcorp Holdings's average Cyclically Adjusted Revenue Growth Rate was 8.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 11.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 11.80% 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 Labcorp Holdings was 12.80% per year. The lowest was -2.30% per year. And the median was 9.80% per year.

As of today (2024-06-20), Labcorp Holdings's current stock price is MXN3576.53. Labcorp Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was MXN2,195.29. Labcorp Holdings's Cyclically Adjusted PS Ratio of today is 1.63.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Labcorp Holdings was 2.52. The lowest was 1.08. And the median was 1.88.

Labcorp Holdings Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Labcorp Holdings'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.

Labcorp Holdings Cyclically Adjusted Revenue per Share Chart

Labcorp Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted Revenue per Share

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1,613.22

1,913.94

2,177.96

2,342.17

2,028.55

Labcorp Holdings 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															2,200.39	2,118.60	2,276.65	2,028.55	2,195.29

Competitive Comparison of Labcorp Holdings's Cyclically Adjusted Revenue per Share

For the Diagnostics & Research subindustry, Labcorp Holdings'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.

Labcorp Holdings's Cyclically Adjusted PS Ratio Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Labcorp Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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

Labcorp Holdings Cyclically Adjusted Revenue per Share Calculation

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, Labcorp Holdings'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)
	=	622.428	/	131.7762	*	131.7762
	=	622.428

Current CPI (Mar. 2024) = 131.7762.

Labcorp Holdings Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201406	227.890	100.560	298.634
201409	240.879	100.428	316.069
201412	259.144	99.070	344.697
201503	291.443	99.621	385.513
201506	347.343	100.684	454.606
201509	380.542	100.392	499.508
201512	382.934	99.792	505.666
201603	392.705	100.470	515.069
201606	431.817	101.688	559.586
201609	445.085	101.861	575.800
201612	461.123	101.863	596.539
201703	435.739	102.862	558.223
201706	440.692	103.349	561.908
201709	458.758	104.136	580.526
201712	518.812	104.011	657.306
201803	500.452	105.290	626.346
201806	546.809	106.317	677.752
201809	515.672	106.507	638.019
201812	541.371	105.998	673.030
201903	544.158	107.251	668.594
201906	560.266	108.070	683.169
201909	588.143	108.329	715.441
201912	568.379	108.420	690.820
202003	681.198	108.902	824.283
202006	654.142	108.767	792.521
202009	877.357	109.815	1,052.815
202012	908.556	109.897	1,089.441
202103	863.606	111.754	1,018.329
202106	778.544	114.631	894.987
202109	860.301	115.734	979.547
202112	228.210	117.630	255.656
202203	826.010	121.301	897.342
202206	634.624	125.017	668.937
202209	635.785	125.227	669.038
202212	640.330	125.222	673.846
202303	615.240	127.348	636.634
202306	583.694	128.729	597.512
202309	612.024	129.860	621.057
202312	602.199	129.419	613.165
202403	622.428	131.776	622.428

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

Labcorp Holdings (MEX:LH) 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.

Labcorp Holdings's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	3576.53	/	2195.29
	=	1.63

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Labcorp Holdings was 2.52. The lowest was 1.08. And the median was 1.88.

Be Aware

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

Labcorp Holdings Cyclically Adjusted Revenue per Share Related Terms

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

Labcorp Holdings (MEX:LH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Labcorp Holdings Inc (MEX:LH) » Definitions » Cyclically Adjusted Revenue per Share

Comparable Companies

Traded in Other Exchanges

LH:USA 0JSY:UK N6B:Germany

Address

358 South Main Street, Burlington, NC, USA, 27215

Website

https://www.labcorp.com

Laboratory Corp. of America is one of the nation's two largest independent clinical laboratories, with roughly 20% of the independent lab market. The company operates approximately 2,000 patient-service centers, offering a broad range of 5,000 clinical lab tests, ranging from routine blood and urine screens to complex oncology and genomic testing.