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Tata Steel (NSE:TATASTEEL) Cyclically Adjusted Revenue per Share : ₹185.53 (As of Mar. 2025)


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What is Tata Steel 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.

Tata Steel's adjusted revenue per share for the three months ended in Mar. 2025 was ₹44.466. 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 ₹185.53 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Tata Steel's average Cyclically Adjusted Revenue Growth Rate was -0.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.20% 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 Tata Steel was 3.40% per year. The lowest was 1.00% per year. And the median was 2.60% per year.

As of today (2025-06-03), Tata Steel's current stock price is ₹159.04. Tata Steel's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was ₹185.53. Tata Steel's Cyclically Adjusted PS Ratio of today is 0.86.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tata Steel was 0.98. The lowest was 0.15. And the median was 0.63.


Tata Steel Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Tata Steel'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.

Tata Steel Cyclically Adjusted Revenue per Share Chart

Tata Steel 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 172.81 180.16 185.93 186.50 185.53

Tata Steel 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 186.50 188.87 189.95 189.37 185.53

Competitive Comparison of Tata Steel's Cyclically Adjusted Revenue per Share

For the Steel subindustry, Tata Steel'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.


Tata Steel's Cyclically Adjusted PS Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tata Steel's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Tata Steel 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, Tata Steel'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)
=44.466/157.5517*157.5517
=44.466

Current CPI (Mar. 2025) = 157.5517.

Tata Steel Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 29.757 99.841 46.958
201509 26.708 101.753 41.354
201512 26.029 102.901 39.853
201603 27.412 102.518 42.127
201606 25.640 105.961 38.124
201609 41.618 105.961 61.881
201612 26.492 105.196 39.677
201703 35.458 105.196 53.105
201706 27.245 107.109 40.076
201709 30.147 109.021 43.567
201712 31.030 109.404 44.686
201803 29.617 109.786 42.503
201806 29.977 111.317 42.428
201809 34.793 115.142 47.608
201812 42.538 115.142 58.206
201903 26.624 118.202 35.487
201906 29.013 120.880 37.815
201909 29.164 123.175 37.303
201912 31.773 126.235 39.655
202003 43.423 124.705 54.860
202006 22.079 127.000 27.390
202009 32.326 130.118 39.142
202012 35.739 130.889 43.019
202103 41.148 131.771 49.199
202106 44.229 134.084 51.970
202109 49.848 135.847 57.812
202112 50.012 138.161 57.031
202203 53.987 138.822 61.271
202206 51.706 142.347 57.229
202209 48.729 144.661 53.071
202212 46.450 145.763 50.207
202303 50.870 146.865 54.572
202306 48.408 150.280 50.750
202309 45.091 151.492 46.895
202312 44.774 152.924 46.129
202403 47.296 153.035 48.692
202406 43.661 155.789 44.155
202409 43.000 157.882 42.910
202412 42.371 158.323 42.165
202503 44.466 157.552 44.466

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


Tata Steel  (NSE:TATASTEEL) 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.

Tata Steel's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=159.04/185.53
=0.86

* 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 Tata Steel was 0.98. The lowest was 0.15. And the median was 0.63.


Be Aware

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


Tata Steel Cyclically Adjusted Revenue per Share Related Terms

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


Tata Steel Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tata Steel Ltd (NSE:TATASTEEL) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, IND, 400 001
Tata Steel Ltd is an India-based company that is engaged in the production and marketing of various steel products. Its products are basically classified into flat products and construction products. Flat products include hot-rolled steel, cold-rolled steel, metallic-coated steel, direct-coated steel, tubes, packaging steel, electro-plated steel, and narrow strips. Its segments include Tata Steel India, Neelachal Ispat Nigam Limited, Other Indian operations, Tata Steel Europe, Other trade related operations, South-East Asian operations, and Rest of the world. It generates the majority of its revenue from the Tata Steel India segment.

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