GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tencent Holdings Ltd (MEX:TENCH) » Definitions » Cyclically Adjusted Revenue per Share

Tencent Holdings (MEX:TENCH) Cyclically Adjusted Revenue per Share : MXN93.10 (As of Mar. 2024)


View and export this data going back to 2018. Start your Free Trial

What is Tencent 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.

Tencent Holdings's adjusted revenue per share for the three months ended in Mar. 2024 was MXN38.758. 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 MXN93.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tencent Holdings's average Cyclically Adjusted Revenue Growth Rate was 13.70% 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 Tencent Holdings was 25.20% per year. The lowest was 24.40% per year. And the median was 24.80% per year.

As of today (2024-06-22), Tencent Holdings's current stock price is MXN656.60. Tencent Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was MXN93.10. Tencent Holdings's Cyclically Adjusted PS Ratio of today is 7.05.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tencent Holdings was 28.87. The lowest was 5.27. And the median was 16.60.


Tencent Holdings Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Tencent 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.

Tencent Holdings Cyclically Adjusted Revenue per Share Chart

Tencent Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 42.77 68.21 99.01 -

Tencent 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 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 83.46 88.73 100.27 - 93.10

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

For the Internet Content & Information subindustry, Tencent 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.


Tencent Holdings's Cyclically Adjusted PS Ratio Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tencent Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Tencent Holdings 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, Tencent 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)
=38.758/115.2271*115.2271
=38.758

Current CPI (Mar. 2024) = 115.2271.

Tencent Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 4.391 98.200 5.152
201409 4.633 98.900 5.398
201412 5.350 99.000 6.227
201503 5.832 99.900 6.727
201506 6.306 99.500 7.303
201509 7.510 100.500 8.611
201512 8.580 100.600 9.828
201603 8.945 102.200 10.085
201606 10.567 101.400 12.008
201609 12.332 102.400 13.877
201612 13.731 102.600 15.421
201703 14.228 103.200 15.886
201706 15.784 103.100 17.641
201709 18.886 104.100 20.905
201712 20.687 104.500 22.811
201803 22.109 105.300 24.193
201806 23.415 104.900 25.720
201809 23.001 106.600 24.862
201812 25.301 106.500 27.374
201903 25.815 107.700 27.619
201906 25.828 107.700 27.633
201909 28.162 109.800 29.554
201912 29.415 111.200 30.480
202003 37.581 112.300 38.561
202006 38.933 110.400 40.635
202009 42.162 111.700 43.493
202012 41.901 111.500 43.302
202103 43.851 112.662 44.850
202106 44.183 111.769 45.550
202109 46.860 112.215 48.118
202112 48.541 113.108 49.451
202203 43.879 114.335 44.221
202206 41.628 114.558 41.871
202209 41.481 115.339 41.441
202212 41.993 115.116 42.034
202303 40.626 115.116 40.665
202306 37.111 114.558 37.328
202309 38.456 115.339 38.419
202312 0.000 114.781 0.000
202403 38.758 115.227 38.758

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


Tencent Holdings  (MEX:TENCH) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=656.60/93.1
=7.05

* 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 Tencent Holdings was 28.87. The lowest was 5.27. And the median was 16.60.


Be Aware

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


Tencent Holdings Cyclically Adjusted Revenue per Share Related Terms

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


Tencent Holdings (MEX:TENCH) Business Description

Address
No. 33 Haitian 2nd Road, Tencent Binhai Towers, Nanshan District, Shenzhen, CHN, 518054
Tencent is arguably the most influential internet firm in China as one can hardly go by a day without using its products. Tencent is the world's largest video game vendor and owns the world's top-grossing mobile game--Honor of Kings. Tencent also runs China's largest social media super app--WeChat. The app is now part of the fabric of life for Chinese people who use it to chat, shop, watch videos, play games, order food and taxis, and more. Equally as impressive as its own portfolio, Tencent is also among the world's largest venture capital and investment corporations. The firm is now one of the largest shareholders in leading tech companies like Meituan, JD, DiDi, Snap, PDD, Kuaishou, Epic Games, and more.

Tencent Holdings (MEX:TENCH) Headlines

No Headlines