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Infosys (NSE:INFY) Cyclically Adjusted Revenue per Share : ₹293.04 (As of Dec. 2024)


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What is Infosys 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.

Infosys's adjusted revenue per share for the three months ended in Dec. 2024 was ₹101.085. 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 ₹293.04 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Infosys's average Cyclically Adjusted Revenue Growth Rate was 11.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 13.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 13.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 13.70% 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 Infosys was 29.20% per year. The lowest was 12.50% per year. And the median was 14.10% per year.

As of today (2025-05-28), Infosys's current stock price is ₹1570.10. Infosys's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was ₹293.04. Infosys's Cyclically Adjusted PS Ratio of today is 5.36.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Infosys was 9.51. The lowest was 3.62. And the median was 5.60.


Infosys Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Infosys'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.

Infosys Cyclically Adjusted Revenue per Share Chart

Infosys Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 183.13 208.27 240.12 268.62 -

Infosys 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 268.62 278.12 287.10 293.04 -

Competitive Comparison of Infosys's Cyclically Adjusted Revenue per Share

For the Information Technology Services subindustry, Infosys'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.


Infosys's Cyclically Adjusted PS Ratio Distribution in the Software Industry

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

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


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Infosys 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, Infosys'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)
=101.085/158.3229*158.3229
=101.085

Current CPI (Dec. 2024) = 158.3229.

Infosys Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 29.509 97.163 48.084
201506 31.476 99.841 49.913
201509 34.622 101.753 53.870
201512 35.015 102.901 53.874
201603 35.791 102.518 55.273
201606 36.800 105.961 54.985
201609 37.750 105.961 56.405
201612 37.829 105.196 56.934
201703 36.951 105.196 55.612
201706 37.352 107.109 55.212
201709 38.446 109.021 55.832
201712 38.876 109.404 56.259
201803 41.896 109.786 60.418
201806 44.111 111.317 62.738
201809 48.510 115.142 66.702
201812 48.608 115.142 66.837
201903 48.804 118.202 65.369
201906 50.427 120.880 66.047
201909 53.787 123.175 69.135
201912 54.352 126.235 68.168
202003 56.090 124.705 71.211
202006 55.048 127.000 68.625
202009 57.310 130.118 69.733
202012 60.896 130.889 73.660
202103 61.849 131.771 74.312
202106 65.425 134.084 77.252
202109 68.277 135.847 79.573
202112 76.312 138.161 87.448
202203 77.603 138.822 88.504
202206 80.588 142.347 89.632
202209 87.041 144.661 95.261
202212 91.258 145.763 99.122
202303 91.650 146.865 98.800
202306 89.141 150.280 93.912
202309 93.937 151.492 98.173
202312 93.691 152.924 96.999
202403 91.363 153.035 94.520
202406 92.815 155.789 94.325
202409 100.275 157.882 100.555
202412 101.085 158.323 101.085

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


Infosys  (NSE:INFY) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1570.10/293.04
=5.36

* 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 Infosys was 9.51. The lowest was 3.62. And the median was 5.60.


Be Aware

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


Infosys Cyclically Adjusted Revenue per Share Related Terms

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


Infosys Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Infosys Ltd (NSE:INFY) » Definitions » Cyclically Adjusted Revenue per Share
Address
44, Infosys Avenue, Hosur Road, Electronics City, Bengaluru, KA, IND, 560 100
Infosys is a leading global IT services provider, with over 320,000 employees. Based in Bengaluru, the Indian IT services firm leverages its offshore outsourcing model to derive 60% of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services and cloud infrastructure services, and business process outsourcing as a service.