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ZTO Express (Cayman) (MEX:ZTO N) Cyclically Adjusted Revenue per Share : MXN98.03 (As of Mar. 2025)


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What is ZTO Express (Cayman) 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.

ZTO Express (Cayman)'s adjusted revenue per share for the three months ended in Mar. 2025 was MXN36.941. 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 MXN98.03 for the trailing ten years ended in Mar. 2025.

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.

As of today (2025-06-26), ZTO Express (Cayman)'s current stock price is MXN337.50. ZTO Express (Cayman)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was MXN98.03. ZTO Express (Cayman)'s Cyclically Adjusted PS Ratio of today is 3.44.

During the past 11 years, the highest Cyclically Adjusted PS Ratio of ZTO Express (Cayman) was 3.96. The lowest was 3.52. And the median was 3.77.


ZTO Express (Cayman) Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for ZTO Express (Cayman)'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.

ZTO Express (Cayman) Cyclically Adjusted Revenue per Share Chart

ZTO Express (Cayman) Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
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ZTO Express (Cayman) Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 - - - - 98.03

Competitive Comparison of ZTO Express (Cayman)'s Cyclically Adjusted Revenue per Share

For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'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.


ZTO Express (Cayman)'s Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where ZTO Express (Cayman)'s Cyclically Adjusted PS Ratio falls into.


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ZTO Express (Cayman) 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, ZTO Express (Cayman)'s adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=36.941/115.1156*115.1156
=36.941

Current CPI (Mar. 2025) = 115.1156.

ZTO Express (Cayman) Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.000 99.000 0.000
201509 4.782 100.500 5.477
201512 7.442 100.600 8.516
201603 6.614 102.200 7.450
201606 10.378 101.400 11.782
201609 11.030 102.400 12.400
201612 13.192 102.600 14.801
201703 9.900 103.200 11.043
201706 10.961 103.100 12.238
201709 12.119 104.100 13.401
201712 18.100 104.500 19.939
201803 14.330 105.300 15.666
201806 17.671 104.900 19.392
201809 14.661 106.600 15.832
201812 20.361 106.500 22.008
201903 16.814 107.700 17.972
201906 19.207 107.700 20.529
201909 18.678 109.800 19.582
201912 23.531 111.200 24.360
202003 16.713 112.300 17.132
202006 26.621 110.400 27.758
202009 27.436 111.700 28.275
202012 30.144 111.500 31.121
202103 24.527 112.662 25.061
202106 27.442 111.769 28.264
202109 28.833 112.215 29.578
202112 36.727 113.108 37.379
202203 30.673 114.335 30.882
202206 32.124 114.558 32.280
202209 31.218 115.339 31.158
202212 32.806 115.116 32.806
202303 27.958 115.116 27.958
202306 27.753 114.558 27.888
202309 25.842 115.339 25.792
202312 30.152 114.781 30.240
202403 27.451 115.227 27.424
202406 32.257 114.781 32.351
202409 35.442 115.785 35.237
202412 44.221 114.893 44.307
202503 36.941 115.116 36.941

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


ZTO Express (Cayman)  (MEX:ZTO N) 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.

ZTO Express (Cayman)'s Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=337.50/98.03
=3.44

* 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 11 years, the highest Cyclically Adjusted PS Ratio of ZTO Express (Cayman) was 3.96. The lowest was 3.52. And the median was 3.77.


Be Aware

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


ZTO Express (Cayman) Cyclically Adjusted Revenue per Share Related Terms

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


ZTO Express (Cayman) Business Description

Industry
Address
No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708
ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 22.1% in 2022. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 77% voting rights as of June 30, 2023. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 11.7% interest.

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