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Melco Holdings (NGO:6676) Cyclically Adjusted Revenue per Share : 円5,463.05 (As of Dec. 2023)


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What is Melco Holdings 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.

Melco Holdings's adjusted revenue per share for the three months ended in Dec. 2023 was 円2,332.975. 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 円5,463.05 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Melco Holdings's average Cyclically Adjusted Revenue Growth Rate was 8.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.30% 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 Melco Holdings was 7.80% per year. The lowest was 2.30% per year. And the median was 5.50% per year.

As of today (2024-05-11), Melco Holdings's current stock price is 円2895.00. Melco Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円5,463.05. Melco Holdings's Cyclically Adjusted PS Ratio of today is 0.53.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Melco Holdings was 1.16. The lowest was 0.37. And the median was 0.65.


Melco Holdings Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Melco Holdings'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.

Melco Holdings Cyclically Adjusted Revenue per Share Chart

Melco Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,172.03 9,268.39 3,772.05 4,114.63 5,376.77

Melco Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 5,710.23 5,376.77 5,646.21 5,909.57 5,463.05

Competitive Comparison of Melco Holdings's Cyclically Adjusted Revenue per Share

For the Computer Hardware subindustry, Melco Holdings'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.


Melco Holdings's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Melco Holdings 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, Melco Holdings's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2332.975/106.8000*106.8000
=2,332.975

Current CPI (Dec. 2023) = 106.8000.

Melco Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1,292.299 95.700 1,442.189
201406 888.804 98.000 968.615
201409 844.017 98.500 915.137
201412 1,012.200 97.900 1,104.218
201503 971.281 97.900 1,059.579
201506 875.793 98.400 950.556
201509 876.829 98.500 950.714
201512 983.388 98.100 1,070.600
201603 938.200 97.900 1,023.491
201606 912.768 98.100 993.717
201609 869.004 98.000 947.037
201612 1,004.124 98.400 1,089.842
201703 982.695 98.100 1,069.845
201706 965.467 98.500 1,046.821
201709 966.443 98.800 1,044.697
201712 1,021.872 99.400 1,097.947
201803 1,029.371 99.200 1,108.234
201806 1,311.240 99.200 1,411.698
201809 1,370.585 99.900 1,465.250
201812 1,395.778 99.700 1,495.176
201903 1,309.478 99.700 1,402.731
201906 1,372.386 99.800 1,468.646
201909 1,607.392 100.100 1,714.980
201912 1,755.775 100.500 1,865.839
202003 1,653.998 100.300 1,761.186
202006 1,805.842 99.900 1,930.570
202009 1,923.330 99.900 2,056.173
202012 2,045.460 99.300 2,199.951
202103 2,116.619 99.900 2,262.812
202106 2,272.161 99.500 2,438.862
202109 2,233.797 100.100 2,383.312
202112 3,488.325 100.100 3,721.809
202203 2,154.083 101.100 2,275.530
202206 2,033.604 101.800 2,133.486
202209 2,038.284 103.100 2,111.433
202212 2,279.957 104.100 2,339.091
202303 2,098.222 104.400 2,146.457
202306 2,061.914 105.200 2,093.274
202309 2,103.085 106.200 2,114.967
202312 2,332.975 106.800 2,332.975

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


Melco Holdings  (NGO:6676) 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.

Melco Holdings's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2895.00/5463.05
=0.53

* 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 Melco Holdings was 1.16. The lowest was 0.37. And the median was 0.65.


Be Aware

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


Melco Holdings Cyclically Adjusted Revenue per Share Related Terms

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


Melco Holdings (NGO:6676) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Melco Holdings Inc (NGO:6676) » Definitions » Cyclically Adjusted Revenue per Share
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Address
30-20, Ohsu 3-chome, Akamon-dori Building, Naka-ku, Nagoya, JPN, 460-8315
Melco Holdings, Inc. is a holding company with interests in manufacturing computer and broadband equipment. Its product portfolio includes storage products, flash memory devices, digital home products, memory modules, network and broadband products, and computer and electronics supplies, accessories, and components. It also offers support services such as computer set-up at doorstep, surveys for corporate wireless LANs as well as installation. The firm has business operations throughout Japan, Asia, Europe, and the United States of America.

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