GURUFOCUS.COM » STOCK LIST » Technology » Software » Paychex Inc (MEX:PAYX) » Definitions » Cyclically Adjusted Revenue per Share

Paychex (MEX:PAYX) Cyclically Adjusted Revenue per Share : MXN240.98 (As of Feb. 2025)


View and export this data going back to 2020. Start your Free Trial

What is Paychex 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.

Paychex's adjusted revenue per share for the three months ended in Feb. 2025 was MXN85.560. 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 MXN240.98 for the trailing ten years ended in Feb. 2025.

During the past 12 months, Paychex's average Cyclically Adjusted Revenue Growth Rate was 7.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 8.00% 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 Paychex was 25.50% per year. The lowest was 5.40% per year. And the median was 10.80% per year.

As of today (2025-05-23), Paychex's current stock price is MXN2744.00. Paychex's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2025 was MXN240.98. Paychex's Cyclically Adjusted PS Ratio of today is 11.39.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Paychex was 13.91. The lowest was 6.08. And the median was 9.69.


Paychex Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Paychex'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.

Paychex Cyclically Adjusted Revenue per Share Chart

Paychex Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 201.66 213.37 221.66

Paychex Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 212.43 221.66 224.15 244.07 240.98

Competitive Comparison of Paychex's Cyclically Adjusted Revenue per Share

For the Software - Application subindustry, Paychex'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.


Paychex's Cyclically Adjusted PS Ratio Distribution in the Software Industry

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

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


;
;

Paychex 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, Paychex's adjusted Revenue per Share data for the three months ended in Feb. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=85.56/134.6241*134.6241
=85.560

Current CPI (Feb. 2025) = 134.6241.

Paychex Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201505 29.226 100.333 39.215
201508 33.343 100.548 44.643
201511 33.100 100.135 44.501
201602 37.542 100.040 50.521
201605 38.262 101.355 50.821
201608 40.664 101.617 53.873
201611 43.519 101.829 57.535
201702 43.986 102.779 57.615
201705 41.242 103.256 53.771
201708 39.036 103.587 50.732
201711 41.402 104.072 53.556
201802 48.720 105.052 62.435
201805 46.828 106.148 59.391
201808 45.857 106.383 58.030
201811 48.226 106.338 61.054
201902 57.028 106.649 71.987
201905 53.165 108.048 66.242
201908 55.067 108.245 68.487
201911 53.692 108.519 66.608
202002 62.453 109.139 77.036
202005 56.246 108.175 69.998
202008 56.453 109.662 69.303
202011 54.756 109.793 67.140
202102 64.150 110.968 77.825
202105 56.600 113.576 67.089
202108 59.918 115.421 69.887
202111 65.493 117.269 75.185
202202 71.641 119.703 80.571
202205 62.021 123.323 67.705
202208 66.854 124.958 72.026
202211 63.625 125.607 68.192
202302 69.927 126.928 74.167
202305 60.237 128.314 63.199
202308 59.837 129.538 62.187
202311 60.362 129.548 62.727
202402 67.878 130.930 69.793
202405 60.832 132.509 61.803
202408 71.865 132.816 72.843
202411 74.203 133.110 75.047
202502 85.560 134.624 85.560

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


Paychex  (MEX:PAYX) 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.

Paychex's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2744.00/240.98
=11.39

* 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 Paychex was 13.91. The lowest was 6.08. And the median was 9.69.


Be Aware

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


Paychex Cyclically Adjusted Revenue per Share Related Terms

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


Paychex Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Paychex Inc (MEX:PAYX) » Definitions » Cyclically Adjusted Revenue per Share
Address
911 Panorama Trail South, Rochester, NY, USA, 14625-2396
Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, founded in 1971, services over 745,000 clients and pays 1 in 12 US private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.