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International Business Machines (MIL:1IBM) Cyclically Adjusted Revenue per Share : €80.69 (As of Mar. 2025)


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What is International Business Machines 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.

International Business Machines's adjusted revenue per share for the three months ended in Mar. 2025 was €14.227. 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 €80.69 for the trailing ten years ended in Mar. 2025.

During the past 12 months, International Business Machines's average Cyclically Adjusted Revenue Growth Rate was -3.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -1.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -0.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 0.70% 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 International Business Machines was 6.80% per year. The lowest was -1.40% per year. And the median was 4.70% per year.

As of today (2025-05-23), International Business Machines's current stock price is €227.80. International Business Machines's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was €80.69. International Business Machines's Cyclically Adjusted PS Ratio of today is 2.82.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of International Business Machines was 3.05. The lowest was 1.00. And the median was 1.53.


International Business Machines Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for International Business Machines'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.

International Business Machines Cyclically Adjusted Revenue per Share Chart

International Business Machines Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 81.59 84.00

International Business Machines 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 83.78 83.43 79.42 84.00 80.69

Competitive Comparison of International Business Machines's Cyclically Adjusted Revenue per Share

For the Information Technology Services subindustry, International Business Machines'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.


International Business Machines's Cyclically Adjusted PS Ratio Distribution in the Software Industry

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

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


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International Business Machines 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, International Business Machines'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)
=14.227/134.9266*134.9266
=14.227

Current CPI (Mar. 2025) = 134.9266.

International Business Machines Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 18.795 100.684 25.187
201509 17.547 100.392 23.583
201512 20.816 99.792 28.145
201603 17.398 100.470 23.365
201606 18.753 101.688 24.883
201609 17.895 101.861 23.704
201612 21.664 101.863 28.696
201703 17.909 102.862 23.492
201706 18.271 103.349 23.854
201709 17.219 104.136 22.310
201712 20.507 104.011 26.602
201803 16.713 105.290 21.417
201806 18.624 106.317 23.636
201809 17.563 106.507 22.249
201812 21.130 105.998 26.897
201903 18.000 107.251 22.645
201906 19.036 108.070 23.767
201909 18.334 108.329 22.835
201912 2.360 108.420 2.937
202003 17.766 108.902 22.012
202006 17.983 108.767 22.308
202009 16.616 109.815 20.416
202012 1.761 109.897 2.162
202103 12.284 111.754 14.831
202106 13.051 114.631 15.362
202109 12.432 115.734 14.494
202112 16.297 117.630 18.693
202203 14.178 121.301 15.771
202206 16.137 125.017 17.416
202209 15.758 125.227 16.979
202212 16.686 125.222 17.979
202303 14.504 127.348 15.367
202306 15.535 128.729 16.283
202309 14.965 129.860 15.549
202312 17.185 129.419 17.916
202403 14.253 131.776 14.594
202406 15.678 132.554 15.959
202409 14.601 133.029 14.809
202412 17.787 133.157 18.023
202503 14.227 134.927 14.227

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


International Business Machines  (MIL:1IBM) 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.

International Business Machines's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=227.80/80.69
=2.82

* 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 International Business Machines was 3.05. The lowest was 1.00. And the median was 1.53.


Be Aware

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


International Business Machines Cyclically Adjusted Revenue per Share Related Terms

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


International Business Machines Business Description

Address
One New Orchard Road, Armonk, NY, USA, 10504
IBM looks to be a part of every aspect of an enterprise's IT needs. The company primarily sells software, IT services, consulting, and hardware. IBM operates in 175 countries and employs approximately 300,000 people. The company has a robust roster of business partners to service its clients, which include 95% of all Fortune 500 companies. Primary products include its mainframes, Red Hat software, transaction processing software, and IT consulting.

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