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Fiera Milano SpA (MIL:FM) Cyclically Adjusted Revenue per Share : €3.85 (As of Dec. 2024)


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What is Fiera Milano SpA 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.

Fiera Milano SpA's adjusted revenue per share for the three months ended in Dec. 2024 was €1.251. 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 €3.85 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Fiera Milano SpA's average Cyclically Adjusted Revenue Growth Rate was -3.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -1.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -3.30% 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 Fiera Milano SpA was -1.20% per year. The lowest was -6.90% per year. And the median was -4.20% per year.

As of today (2025-05-19), Fiera Milano SpA's current stock price is €5.71. Fiera Milano SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was €3.85. Fiera Milano SpA's Cyclically Adjusted PS Ratio of today is 1.48.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Fiera Milano SpA was 1.49. The lowest was 0.31. And the median was 0.78.


Fiera Milano SpA Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Fiera Milano SpA'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.

Fiera Milano SpA Cyclically Adjusted Revenue per Share Chart

Fiera Milano SpA 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 4.26 3.99 4.14 3.99 3.85

Fiera Milano SpA Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 3.99 3.93 3.90 3.85 3.85

Competitive Comparison of Fiera Milano SpA's Cyclically Adjusted Revenue per Share

For the Specialty Business Services subindustry, Fiera Milano SpA'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.


Fiera Milano SpA's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Fiera Milano SpA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Fiera Milano SpA 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, Fiera Milano SpA's adjusted Revenue per Share data for the three months ended in Dec. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.251/121.2000*121.2000
=1.251

Current CPI (Dec. 2024) = 121.2000.

Fiera Milano SpA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 1.434 99.814 1.741
201506 2.136 100.279 2.582
201509 0.921 100.000 1.116
201512 1.498 99.814 1.819
201603 1.079 99.600 1.313
201606 0.866 99.900 1.051
201609 0.566 100.100 0.685
201612 0.593 100.300 0.717
201703 0.874 101.000 1.049
201706 1.012 101.100 1.213
201709 0.613 101.200 0.734
201712 1.112 101.200 1.332
201803 1.088 101.800 1.295
201806 1.134 102.400 1.342
201809 0.501 102.600 0.592
201812 0.759 102.300 0.899
201903 1.000 102.800 1.179
201906 1.168 103.100 1.373
201909 0.423 102.900 0.498
201912 1.349 102.800 1.590
202003 0.671 102.900 0.790
202006 0.117 102.900 0.138
202009 0.157 102.300 0.186
202012 0.089 102.600 0.105
202103 0.021 103.700 0.025
202106 0.043 104.200 0.050
202109 0.493 104.900 0.570
202112 1.150 106.600 1.308
202203 0.328 110.400 0.360
202206 1.294 112.500 1.394
202209 0.636 114.200 0.675
202212 0.822 119.000 0.837
202303 0.675 118.800 0.689
202306 1.181 119.700 1.196
202309 0.638 120.300 0.643
202312 1.490 119.700 1.509
202403 1.017 120.200 1.025
202406 1.012 120.700 1.016
202409 0.564 121.200 0.564
202412 1.251 121.200 1.251

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


Fiera Milano SpA  (MIL:FM) 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.

Fiera Milano SpA's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=5.71/3.85
=1.48

* 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 Fiera Milano SpA was 1.49. The lowest was 0.31. And the median was 0.78.


Be Aware

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


Fiera Milano SpA Cyclically Adjusted Revenue per Share Related Terms

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


Fiera Milano SpA Business Description

Industry
Traded in Other Exchanges
Address
Strada Statale del Sempione, Rho, Milan, ITA, 28-20017
Fiera Milano SpA is a trade fair company. Its operating segments include Italian Exhibitions Business, Foreign Exhibitions Business, and Congresses. The Italian Exhibitions and Foreign Exhibitions segment covers all activities for organizing and hosting exhibitions and other events in Italy and abroad through the use, promotion, and offer of furnished exhibition spaces, project support, and ancillary services. It also engages in stand-fitting, technical, and exhibition site services. The Congresses segment covers the management of conferences and events. It generates the majority of the revenue from Italian exhibitions.