GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Broadcom Inc (NEOE:AVGO) » Definitions » Cyclically Adjusted Revenue per Share

Broadcom (NEOE:AVGO) Cyclically Adjusted Revenue per Share : C$1.46 (As of Jan. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Broadcom 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.

Broadcom's adjusted revenue per share for the three months ended in Jan. 2024 was C$34.380. 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 C$1.46 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Broadcom's average Cyclically Adjusted Revenue Growth Rate was 17.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 22.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 21.70% 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 Broadcom was 22.30% per year. The lowest was 21.00% per year. And the median was 21.80% per year.

As of today (2024-06-02), Broadcom's current stock price is C$32.14. Broadcom's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 was C$1.46. Broadcom's Cyclically Adjusted PS Ratio of today is 22.01.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Broadcom was 23.39. The lowest was 6.84. And the median was 12.46.


Broadcom Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Broadcom'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.

Broadcom Cyclically Adjusted Revenue per Share Chart

Broadcom Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 1.41

Broadcom Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 - - - 1.41 1.46

Competitive Comparison of Broadcom's Cyclically Adjusted Revenue per Share

For the Semiconductors subindustry, Broadcom'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.


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

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

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



Broadcom 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, Broadcom's adjusted Revenue per Share data for the three months ended in Jan. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=34.38/130.1244*130.1244
=34.380

Current CPI (Jan. 2024) = 130.1244.

Broadcom Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201404 2.987 100.023 3.886
201407 5.408 100.520 7.001
201410 6.530 100.176 8.482
201501 7.129 98.604 9.408
201504 7.011 99.824 9.139
201507 7.776 100.691 10.049
201510 8.715 100.346 11.301
201601 8.707 99.957 11.335
201604 10.937 100.947 14.098
201607 11.812 101.524 15.140
201610 12.987 101.988 16.570
201701 12.429 102.456 15.785
201704 12.738 103.167 16.066
201707 12.727 103.278 16.035
201710 14.858 104.070 18.578
201801 15.542 104.578 19.339
201804 14.250 105.708 17.541
201807 15.078 106.324 18.453
201810 16.490 106.695 20.111
201901 18.376 106.200 22.516
201904 17.490 107.818 21.108
201907 17.290 108.250 20.784
201910 18.129 108.577 21.727
202001 18.210 108.841 21.771
202004 19.295 108.173 23.210
202007 18.571 109.318 22.106
202010 20.110 109.861 23.819
202101 19.737 110.364 23.271
202104 19.203 112.673 22.177
202107 19.747 115.183 22.309
202110 21.631 116.696 24.120
202201 22.673 118.619 24.872
202204 24.133 121.978 25.745
202207 25.463 125.002 26.506
202210 29.671 125.734 30.707
202301 27.892 126.223 28.754
202304 27.577 127.992 28.036
202307 27.462 128.974 27.707
202310 29.848 129.810 29.920
202401 34.380 130.124 34.380

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


Broadcom  (NEOE:AVGO) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=32.14/1.46
=22.01

* 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 Broadcom was 23.39. The lowest was 6.84. And the median was 12.46.


Be Aware

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


Broadcom Cyclically Adjusted Revenue per Share Related Terms

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


Broadcom (NEOE:AVGO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Broadcom Inc (NEOE:AVGO) » Definitions » Cyclically Adjusted Revenue per Share
Address
3421 Hillview Avenue, Palo Alto, CA, USA, 94304
Broadcom is the sixth-largest semiconductor company globally and has expanded into various software businesses, with over $30 billion in annual revenue. It sells 17 core semiconductor product lines across wireless, networking, broadband, storage, and industrial markets. It is primarily a fabless designer but holds some manufacturing in-house, like for its best-of-breed FBAR filters that sell into the Apple iPhone. In software, it sells virtualization, infrastructure, and security software to large enterprises, financial institutions, and governments.Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as Brocade, CA Technologies, and Symantec in software.

Broadcom (NEOE:AVGO) Headlines