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PepsiCo (MIL:1PEP) Cyclically Adjusted Revenue per Share : €58.51 (As of Mar. 2025)


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What is PepsiCo 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.

PepsiCo's adjusted revenue per share for the three months ended in Mar. 2025 was €12.046. 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 €58.51 for the trailing ten years ended in Mar. 2025.

During the past 12 months, PepsiCo's average Cyclically Adjusted Revenue Growth Rate was 3.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.00% 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 PepsiCo was 11.50% per year. The lowest was -0.50% per year. And the median was 5.80% per year.

As of today (2025-05-10), PepsiCo's current stock price is €116.52. PepsiCo's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was €58.51. PepsiCo's Cyclically Adjusted PS Ratio of today is 1.99.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of PepsiCo was 3.43. The lowest was 2.10. And the median was 2.85.


PepsiCo Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for PepsiCo'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.

PepsiCo Cyclically Adjusted Revenue per Share Chart

PepsiCo 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 - - - 53.31 59.34

PepsiCo 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 55.95 56.86 54.83 59.34 58.51

Competitive Comparison of PepsiCo's Cyclically Adjusted Revenue per Share

For the Beverages - Non-Alcoholic subindustry, PepsiCo'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.


PepsiCo's Cyclically Adjusted PS Ratio Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, PepsiCo's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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PepsiCo 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, PepsiCo'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)
=12.046/134.9266*134.9266
=12.046

Current CPI (Mar. 2025) = 134.9266.

PepsiCo Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 9.515 100.684 12.751
201509 9.812 100.392 13.187
201512 11.654 99.792 15.757
201603 7.301 100.470 9.805
201606 9.410 101.688 12.486
201609 9.835 101.861 13.028
201612 12.847 101.863 17.017
201703 7.823 102.862 10.262
201706 9.703 103.349 12.668
201709 9.475 104.136 12.277
201712 11.522 104.011 14.947
201803 7.124 105.290 9.129
201806 9.659 106.317 12.258
201809 9.921 106.507 12.568
201812 12.094 105.998 15.395
201903 8.070 107.251 10.152
201906 10.332 108.070 12.900
201909 11.108 108.329 13.835
201912 13.259 108.420 16.501
202003 8.999 108.902 11.150
202006 10.165 108.767 12.610
202009 11.050 109.815 13.577
202012 13.289 109.897 16.316
202103 8.975 111.754 10.836
202106 11.491 114.631 13.525
202109 12.355 115.734 14.404
202112 16.052 117.630 18.412
202203 10.575 121.301 11.763
202206 13.775 125.017 14.867
202209 15.999 125.227 17.238
202212 19.137 125.222 20.620
202303 12.043 127.348 12.760
202306 14.887 128.729 15.604
202309 15.890 129.860 16.510
202312 18.506 129.419 19.293
202403 12.167 131.776 12.458
202406 15.158 132.554 15.429
202409 15.247 133.029 15.465
202412 19.297 133.157 19.553
202503 12.046 134.927 12.046

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


PepsiCo  (MIL:1PEP) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=116.52/58.51
=1.99

* 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 PepsiCo was 3.43. The lowest was 2.10. And the median was 2.85.


Be Aware

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


PepsiCo Cyclically Adjusted Revenue per Share Related Terms

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


PepsiCo Business Description

Address
700 Anderson Hill Road, Purchase, NY, USA, 10577
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US and overseas. International markets made up 40% of both total sales and operating profits in 2024.

PepsiCo Headlines

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