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Subex (NSE:SUBEXLTD) Cyclically Adjusted Revenue per Share : ₹8.51 (As of Mar. 2025)


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What is Subex 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.

Subex's adjusted revenue per share for the three months ended in Mar. 2025 was ₹1.294. 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 ₹8.51 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Subex's average Cyclically Adjusted Revenue Growth Rate was -23.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -19.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -18.60% 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 Subex was -16.10% per year. The lowest was -20.70% per year. And the median was -19.90% per year.

As of today (2025-06-02), Subex's current stock price is ₹14.44. Subex's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was ₹8.51. Subex's Cyclically Adjusted PS Ratio of today is 1.70.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Subex was 3.56. The lowest was 0.13. And the median was 2.26.


Subex Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Subex'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.

Subex Cyclically Adjusted Revenue per Share Chart

Subex 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 22.22 16.61 13.43 11.11 8.51

Subex 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 11.11 10.79 10.20 9.47 8.51

Competitive Comparison of Subex's Cyclically Adjusted Revenue per Share

For the Software - Application subindustry, Subex'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.


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

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

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


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Subex 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, Subex's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.294/157.5517*157.5517
=1.294

Current CPI (Mar. 2025) = 157.5517.

Subex Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 3.742 99.841 5.905
201509 3.733 101.753 5.780
201512 1.602 102.901 2.453
201603 2.097 102.518 3.223
201606 1.657 105.961 2.464
201609 1.626 105.961 2.418
201612 1.869 105.196 2.799
201703 1.873 105.196 2.805
201706 1.509 107.109 2.220
201709 1.333 109.021 1.926
201712 1.437 109.404 2.069
201803 1.448 109.786 2.078
201806 1.345 111.317 1.904
201809 1.535 115.142 2.100
201812 1.598 115.142 2.187
201903 1.849 118.202 2.465
201906 1.495 120.880 1.949
201909 1.632 123.175 2.087
201912 1.773 126.235 2.213
202003 1.932 124.705 2.441
202006 1.638 127.000 2.032
202009 1.752 130.118 2.121
202012 1.725 130.889 2.076
202103 1.671 131.771 1.998
202106 1.435 134.084 1.686
202109 1.536 135.847 1.781
202112 1.687 138.161 1.924
202203 1.371 138.822 1.556
202206 1.503 142.347 1.664
202209 1.368 144.661 1.490
202212 1.259 145.763 1.361
202303 0.950 146.865 1.019
202306 1.222 150.280 1.281
202309 1.390 151.492 1.446
202312 1.506 152.924 1.552
202403 1.499 153.035 1.543
202406 1.216 155.789 1.230
202409 1.196 157.882 1.193
202412 1.342 158.323 1.335
202503 1.294 157.552 1.294

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


Subex  (NSE:SUBEXLTD) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=14.44/8.51
=1.70

* 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 Subex was 3.56. The lowest was 0.13. And the median was 2.26.


Be Aware

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


Subex Cyclically Adjusted Revenue per Share Related Terms

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


Subex Business Description

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Outer Ring Road, Block -09, 4th Floor B Wing, Survey No. 51 to 64/4, Pritech Park -SEZ, Bellandur Village, Varthur Hobli, Bangalore, KA, IND, 560103
Subex Ltd is an Indian-based company providing telecom AI solutions. The company offers managed and business consulting services. The company enables Communications Service Providers (CSP) to provide good digital connections for customers. The product portfolio of the company includes ROC revenue assurance, ROC fraud management, Enterprise Asset Management, Partner Management, and others. Geographically, the company generates the majority of its revenue from Europe, Middle East, and Africa.

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