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Houlihan Lokey (STU:2HL) Cyclically Adjusted Revenue per Share : €20.06 (As of Dec. 2023)


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What is Houlihan Lokey 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.

Houlihan Lokey's adjusted revenue per share for the three months ended in Dec. 2023 was €6.904. 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 €20.06 for the trailing ten years ended in Dec. 2023.

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.

As of today (2024-04-29), Houlihan Lokey's current stock price is €118.10. Houlihan Lokey's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €20.06. Houlihan Lokey's Cyclically Adjusted PS Ratio of today is 5.89.

During the past 10 years, the highest Cyclically Adjusted PS Ratio of Houlihan Lokey was 5.99. The lowest was 5.20. And the median was 5.70.


Houlihan Lokey Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Houlihan Lokey'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.

Houlihan Lokey Cyclically Adjusted Revenue per Share Chart

Houlihan Lokey Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Revenue per Share
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Houlihan Lokey Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Houlihan Lokey's Cyclically Adjusted Revenue per Share

For the Capital Markets subindustry, Houlihan Lokey'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.


Houlihan Lokey's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

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

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



Houlihan Lokey 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, Houlihan Lokey's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=6.904/129.4194*129.4194
=6.904

Current CPI (Dec. 2023) = 129.4194.

Houlihan Lokey Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.000 99.695 0.000
201406 1.722 100.560 2.216
201409 2.006 100.428 2.585
201412 2.637 99.070 3.445
201503 2.850 99.621 3.702
201506 1.998 100.684 2.568
201509 2.251 100.392 2.902
201512 2.885 99.792 3.742
201603 2.524 100.470 3.251
201606 2.425 101.688 3.086
201609 2.487 101.861 3.160
201612 3.521 101.863 4.474
201703 3.617 102.862 4.551
201706 2.916 103.349 3.652
201709 3.037 104.136 3.774
201712 3.309 104.011 4.117
201803 3.012 105.290 3.702
201806 2.847 106.317 3.466
201809 3.568 106.507 4.336
201812 3.984 105.998 4.864
201903 3.941 107.251 4.756
201906 3.376 108.070 4.043
201909 3.748 108.329 4.478
201912 4.575 108.420 5.461
202003 4.176 108.902 4.963
202006 2.807 108.767 3.340
202009 3.363 109.815 3.963
202012 6.375 109.897 7.507
202103 6.105 111.754 7.070
202106 4.502 114.631 5.083
202109 6.660 115.734 7.448
202112 11.520 117.630 12.675
202203 6.340 121.301 6.764
202206 5.754 125.017 5.957
202209 7.084 125.227 7.321
202212 6.180 125.222 6.387
202303 6.557 127.348 6.664
202306 5.644 128.729 5.674
202309 6.447 129.860 6.425
202312 6.904 129.419 6.904

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


Houlihan Lokey  (STU:2HL) 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.

Houlihan Lokey's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=118.10/20.06
=5.89

* 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 10 years, the highest Cyclically Adjusted PS Ratio of Houlihan Lokey was 5.99. The lowest was 5.20. And the median was 5.70.


Be Aware

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


Houlihan Lokey Cyclically Adjusted Revenue per Share Related Terms

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


Houlihan Lokey (STU:2HL) Business Description

Industry
Traded in Other Exchanges
Address
10250 Constellation Boulevard, 5th Floor, Los Angeles, CA, USA, 90067
Houlihan Lokey Inc is an investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and the Asia-Pacific region. The company operates in three segments. In the Corporate Finance business segment, it provides M&A and capital markets advisory services. Through the Financial Restructuring business segment, the company advises on some of the complex restructurings around the world. Financial and Valuation Advisory Services business segment provides valuation and financial opinion, and financial and strategic consulting practices in the United States.

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