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Concord Securities Co (ROCO:6016) Cyclically Adjusted Revenue per Share : NT$5.08 (As of Mar. 2025)


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What is Concord Securities Co 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.

Concord Securities Co's adjusted revenue per share for the three months ended in Mar. 2025 was NT$1.025. 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 NT$5.08 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Concord Securities Co's average Cyclically Adjusted Revenue Growth Rate was 7.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 13.50% 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 Concord Securities Co was 15.00% per year. The lowest was 9.50% per year. And the median was 14.30% per year.

As of today (2025-05-30), Concord Securities Co's current stock price is NT$11.75. Concord Securities Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was NT$5.08. Concord Securities Co's Cyclically Adjusted PS Ratio of today is 2.31.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Concord Securities Co was 5.63. The lowest was 2.15. And the median was 2.93.


Concord Securities Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Concord Securities Co'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.

Concord Securities Co Cyclically Adjusted Revenue per Share Chart

Concord Securities Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.06 3.80 4.03 4.57 4.99

Concord Securities Co 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 4.74 4.86 4.94 4.99 5.08

Competitive Comparison of Concord Securities Co's Cyclically Adjusted Revenue per Share

For the Capital Markets subindustry, Concord Securities Co'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.


Concord Securities Co's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Concord Securities Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Concord Securities Co 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, Concord Securities Co'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)
=1.025/134.9266*134.9266
=1.025

Current CPI (Mar. 2025) = 134.9266.

Concord Securities Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.796 100.684 1.067
201509 0.596 100.392 0.801
201512 0.888 99.792 1.201
201603 0.698 100.470 0.937
201606 0.384 101.688 0.510
201609 0.576 101.861 0.763
201612 0.400 101.863 0.530
201703 0.786 102.862 1.031
201706 0.805 103.349 1.051
201709 1.145 104.136 1.484
201712 1.180 104.011 1.531
201803 0.857 105.290 1.098
201806 0.864 106.317 1.097
201809 0.424 106.507 0.537
201812 0.322 105.998 0.410
201903 0.732 107.251 0.921
201906 0.550 108.070 0.687
201909 0.760 108.329 0.947
201912 0.924 108.420 1.150
202003 1.089 108.902 1.349
202006 1.158 108.767 1.437
202009 1.861 109.815 2.287
202012 1.835 109.897 2.253
202103 1.879 111.754 2.269
202106 2.082 114.631 2.451
202109 1.316 115.734 1.534
202112 1.863 117.630 2.137
202203 0.877 121.301 0.976
202206 0.442 125.017 0.477
202209 0.628 125.227 0.677
202212 0.652 125.222 0.703
202303 1.482 127.348 1.570
202306 1.770 128.729 1.855
202309 1.895 129.860 1.969
202312 1.193 129.419 1.244
202403 1.970 131.776 2.017
202406 2.161 132.554 2.200
202409 1.499 133.029 1.520
202412 1.129 133.157 1.144
202503 1.025 134.927 1.025

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


Concord Securities Co  (ROCO:6016) 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.

Concord Securities Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=11.75/5.08
=2.31

* 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 Concord Securities Co was 5.63. The lowest was 2.15. And the median was 2.93.


Be Aware

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


Concord Securities Co Cyclically Adjusted Revenue per Share Related Terms

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


Concord Securities Co Business Description

Traded in Other Exchanges
N/A
Address
Section 1, Keelung Road, B1, B2, No. 176, Xinyi District, Taipei, TWN
Concord Securities Co Ltd is a Taiwan-based company that engages in transactions such as securities, proprietary and brokerage, underwriting, financing customers' acquisition and short-sales; providing agency services for share affairs; assisting in futures trading; and other business as approved by relevant authorities. The company's reporting segments are Proprietary, Brokerage, Underwriting, and Other. The majority of its revenue is generated from the Brokerage segment, which engages in securities brokerage and margin purchase and short sale. The Proprietary segment engages in trading securities and futures transactions for hedging, and the Underwriting segment engages in efforts underwriting or firm commitment underwritings.

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