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Costco Wholesale (STU:CTO) Cyclically Adjusted Revenue per Share : €409.60 (As of Feb. 2024)


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What is Costco Wholesale 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.

Costco Wholesale's adjusted revenue per share for the three months ended in Feb. 2024 was €121.811. 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 €409.60 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Costco Wholesale's average Cyclically Adjusted Revenue Growth Rate was 9.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 8.80% 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 Costco Wholesale was 12.40% per year. The lowest was 7.10% per year. And the median was 9.30% per year.

As of today (2024-05-20), Costco Wholesale's current stock price is €731.30. Costco Wholesale's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was €409.60. Costco Wholesale's Cyclically Adjusted PS Ratio of today is 1.79.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Costco Wholesale was 1.81. The lowest was 0.60. And the median was 0.86.


Costco Wholesale Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Costco Wholesale'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.

Costco Wholesale Cyclically Adjusted Revenue per Share Chart

Costco Wholesale Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 252.67 249.70 284.39 386.87 388.73

Costco Wholesale Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 382.46 380.02 388.73 390.72 409.60

Competitive Comparison of Costco Wholesale's Cyclically Adjusted Revenue per Share

For the Discount Stores subindustry, Costco Wholesale'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.


Costco Wholesale's Cyclically Adjusted PS Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Costco Wholesale's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Costco Wholesale 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, Costco Wholesale's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=121.811/130.9299*130.9299
=121.811

Current CPI (Feb. 2024) = 130.9299.

Costco Wholesale Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 42.415 100.373 55.328
201408 60.359 100.352 78.751
201411 48.725 99.635 64.030
201502 54.611 99.032 72.201
201505 52.717 100.333 68.794
201508 72.574 100.548 94.503
201511 57.476 100.135 75.152
201602 57.545 100.040 75.314
201605 53.651 101.355 69.306
201608 73.934 101.617 95.262
201611 59.129 101.829 76.027
201702 63.429 102.779 80.802
201705 59.218 103.256 75.090
201708 81.148 103.587 102.568
201711 61.475 104.072 77.340
201802 60.525 105.052 75.434
201805 61.980 106.148 76.450
201808 86.780 106.383 106.804
201811 69.703 106.338 85.823
201902 70.498 106.649 86.548
201905 70.164 108.048 85.023
201908 96.173 108.245 116.328
201911 75.553 108.519 91.156
202002 80.746 109.139 96.868
202005 76.991 108.175 93.186
202008 101.518 109.662 121.206
202011 82.257 109.793 98.092
202102 83.295 110.968 98.278
202105 83.902 113.576 96.722
202108 119.884 115.421 135.993
202111 99.230 117.269 110.789
202202 102.778 119.703 112.418
202205 111.839 123.323 118.738
202208 160.032 124.958 167.681
202211 120.133 125.607 125.224
202302 116.134 126.928 119.796
202305 111.072 128.314 113.336
202308 162.871 129.538 164.622
202311 120.175 129.548 121.457
202402 121.811 130.930 121.811

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


Costco Wholesale  (STU:CTO) 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.

Costco Wholesale's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=731.30/409.6
=1.79

* 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 Costco Wholesale was 1.81. The lowest was 0.60. And the median was 0.86.


Be Aware

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


Costco Wholesale Cyclically Adjusted Revenue per Share Related Terms

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


Costco Wholesale (STU:CTO) Business Description

Address
999 Lake Drive, Issaquah, WA, USA, 98027
Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates nearly 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the U.K.