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Onward Technologies (NSE:ONWARDTEC) Cyclically Adjusted Revenue per Share : ₹199.31 (As of Jun. 2024)


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What is Onward Technologies 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.

Onward Technologies's adjusted revenue per share for the three months ended in Jun. 2024 was ₹51.267. 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 ₹199.31 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Onward Technologies's average Cyclically Adjusted Revenue Growth Rate was 4.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.50% 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 Onward Technologies was 5.50% per year. The lowest was 5.50% per year. And the median was 5.50% per year.

As of today (2024-09-25), Onward Technologies's current stock price is ₹422.90. Onward Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2024 was ₹199.31. Onward Technologies's Cyclically Adjusted PS Ratio of today is 2.12.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Onward Technologies was 3.55. The lowest was 0.68. And the median was 1.79.


Onward Technologies Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Onward Technologies'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.

Onward Technologies Cyclically Adjusted Revenue per Share Chart

Onward Technologies Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 167.29 173.41 186.14 195.54

Onward Technologies Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 191.00 192.84 195.04 195.54 199.31

Competitive Comparison of Onward Technologies's Cyclically Adjusted Revenue per Share

For the Information Technology Services subindustry, Onward Technologies'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.


Onward Technologies's Cyclically Adjusted PS Ratio Distribution in the Software Industry

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

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



Onward Technologies 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, Onward Technologies's adjusted Revenue per Share data for the three months ended in Jun. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=51.267/155.7889*155.7889
=51.267

Current CPI (Jun. 2024) = 155.7889.

Onward Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 29.511 94.103 48.856
201409 31.023 96.780 49.938
201412 30.873 96.780 49.697
201503 32.587 97.163 52.249
201506 30.678 99.841 47.869
201509 32.449 101.753 49.681
201512 31.288 102.901 47.369
201603 31.620 102.518 48.050
201606 32.923 105.961 48.405
201609 34.961 105.961 51.401
201612 33.753 105.196 49.986
201703 35.638 105.196 52.778
201709 41.184 109.021 58.851
201712 34.544 109.404 49.190
201803 39.869 109.786 56.575
201806 38.300 111.317 53.601
201809 41.629 115.142 56.325
201812 39.005 115.142 52.774
201903 39.103 118.202 51.537
201906 40.813 120.880 52.599
201909 41.672 123.175 52.706
201912 41.944 126.235 51.764
202003 36.983 124.705 46.201
202006 33.027 127.000 40.514
202009 35.945 130.118 43.037
202012 34.155 130.889 40.653
202103 38.674 131.771 45.723
202106 40.669 134.084 47.252
202109 37.064 135.847 42.505
202112 39.096 138.161 44.084
202203 38.553 138.822 43.265
202206 41.180 142.347 45.069
202209 47.533 144.661 51.189
202212 50.865 145.763 54.364
202303 52.971 146.865 56.190
202306 52.442 150.280 54.364
202309 52.519 151.492 54.009
202312 49.765 152.924 50.697
202403 51.558 153.035 52.486
202406 51.267 155.789 51.267

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


Onward Technologies  (NSE:ONWARDTEC) 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.

Onward Technologies's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=422.90/199.31
=2.12

* 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 Onward Technologies was 3.55. The lowest was 0.68. And the median was 1.79.


Be Aware

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


Onward Technologies Cyclically Adjusted Revenue per Share Related Terms

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


Onward Technologies Business Description

Industry
Traded in Other Exchanges
Address
Dr. Annie Besant Road, Sterling Centre, 2nd Floor, Worli, Mumbai, MH, IND, 400 018
Onward Technologies Ltd is an Indian company that is engaged in the sale of user license software, professional services, consultancy services, training, and others. Its business activities include product design, simulation engineering, automation solutions, engineering change management, and others. It has one operating segment which is Engineering Design and IT services. The majority of the company's revenue comes from India. It also operates outside India.

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