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Teradyne (Teradyne) Cyclically Adjusted Revenue per Share : $15.57 (As of Mar. 2024)


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What is Teradyne 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.

Teradyne's adjusted revenue per share for the three months ended in Mar. 2024 was $3.695. 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 $15.57 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Teradyne's average Cyclically Adjusted Revenue Growth Rate was 9.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 14.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 13.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 8.80% 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 Teradyne was 15.00% per year. The lowest was -7.40% per year. And the median was 5.40% per year.

As of today (2024-05-25), Teradyne's current stock price is $144.01. Teradyne's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $15.57. Teradyne's Cyclically Adjusted PS Ratio of today is 9.25.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Teradyne was 14.15. The lowest was 2.19. And the median was 5.30.


Teradyne Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Teradyne'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.

Teradyne Cyclically Adjusted Revenue per Share Chart

Teradyne 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 9.07 10.08 12.08 13.80 15.11

Teradyne 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 14.25 14.59 14.90 15.11 15.57

Competitive Comparison of Teradyne's Cyclically Adjusted Revenue per Share

For the Semiconductor Equipment & Materials subindustry, Teradyne'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.


Teradyne's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

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

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



Teradyne 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, Teradyne'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)
=3.695/131.7762*131.7762
=3.695

Current CPI (Mar. 2024) = 131.7762.

Teradyne Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.427 100.560 3.180
201409 2.189 100.428 2.872
201412 1.477 99.070 1.965
201503 1.565 99.621 2.070
201506 2.379 100.684 3.114
201509 2.201 100.392 2.889
201512 1.537 99.792 2.030
201603 2.095 100.470 2.748
201606 2.619 101.688 3.394
201609 2.013 101.861 2.604
201612 1.892 101.863 2.448
201703 2.263 102.862 2.899
201706 3.458 103.349 4.409
201709 2.507 104.136 3.172
201712 2.370 104.011 3.003
201803 2.396 105.290 2.999
201806 2.703 106.317 3.350
201809 2.976 106.507 3.682
201812 2.862 105.998 3.558
201903 2.792 107.251 3.430
201906 3.159 108.070 3.852
201909 3.225 108.329 3.923
201912 3.601 108.420 4.377
202003 3.897 108.902 4.716
202006 4.653 108.767 5.637
202009 4.446 109.815 5.335
202012 4.062 109.897 4.871
202103 4.163 111.754 4.909
202106 5.814 114.631 6.684
202109 5.223 115.734 5.947
202112 4.971 117.630 5.569
202203 4.302 121.301 4.674
202206 4.912 125.017 5.178
202209 4.960 125.227 5.219
202212 4.423 125.222 4.655
202303 3.713 127.348 3.842
202306 4.154 128.729 4.252
202309 4.290 129.860 4.353
202312 4.137 129.419 4.212
202403 3.695 131.776 3.695

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


Teradyne  (NAS:TER) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=144.01/15.57
=9.25

* 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 Teradyne was 14.15. The lowest was 2.19. And the median was 5.30.


Be Aware

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


Teradyne Cyclically Adjusted Revenue per Share Related Terms

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


Teradyne (Teradyne) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Teradyne Inc (NAS:TER) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
600 Riverpark Drive, North Reading, MA, USA, 01864
Teradyne provides testing equipment, including automated test equipment for semiconductors, system testing for hard disk drives, circuit boards, and electronics systems and wireless testing for devices. The firm entered the industrial automation market in 2015, into which it sells collaborative and autonomous robots for factory applications. Teradyne serves numerous end markets and geographies directly and indirectly with its products, but its most significant exposure is to semiconductor testing. Teradyne serves vertically integrated, fabless, and foundry chipmakers with its equipment.
Executives
Brad Robbins officer: President, LitePoint Corp. C O LITEPOINT, 965 WEST MAUDE AVE, SUNNYVALE CA 94085
Richard John Burns officer: President, Semiconductor Test MINDSPEED TECHNOLOGIES, INC., 9 TECHNOLOGY DRIVE, WESTBOROUGH MA 01581
Ujjwal Kumar officer: President, Teradyne Robotics C/O TERADYNE, INC., 600 RIVERPARK DRIVE, NORTH READING MA 01864
Sanjay Mehta officer: VP and Chief Financial Officer C/O TERADYNE INC., 600 RIVERPARK DRIVE, NORTH READING MA 01864
Mercedes Johnson director MICRON TECHNOLOGY, INC, 8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
Charles Jeffrey Gray officer: VP, General Counsel, Secretary 600 RIVERPARK DRIVE, NORTH READING MA 01864
Mark E Jagiela director, officer: President and CEO 321 HARRISON AVE, C/O TERADYNE INC, BOSTON MA 02118
Ernest E Maddock director LAM RESEARCH, 4650 CUSHING PARKWAY, FREMONT CA 94538
Peter Herweck director 600 RIVERPARK DRIVE, NORTH READING MA 01864
Paul J Tufano director C/O SOLECTRON CORPORATION, 847 GIBRALTAR DR., MILPITAS CA 95035
Gregory Stephen Smith officer: President, Semiconductor Test 1 HUCKLEBERRY RD, HOPKINTON MA 01748-1054
Ford Tamer director 3945 FREEDOM CIRCLE SUITE 1100, SANTA CLARA CA 95054
Timothy E Guertin director C/O VARIAN MEDICAL SYSTEMS, INC, 3100 HANSEN WAY M/S E-327, PALO ALTO CA 94304
Marilyn Matz director C/O LOGMEIN, INC., 320 SUMMER STREET, BOSTON MA 02210
Edwin J Gillis director C/O VERITAS SOFTWARE CORP, 350 ELLIS STREET, MOUNTAIN VIEW CA 94043

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