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Moody's (STU:DUT) Cyclically Adjusted Revenue per Share : €25.61 (As of Dec. 2023)


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What is Moody's 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.

Moody's's adjusted revenue per share for the three months ended in Dec. 2023 was €7.388. 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 €25.61 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Moody's's average Cyclically Adjusted Revenue Growth Rate was 9.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 13.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 13.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 12.40% 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 Moody's was 14.10% per year. The lowest was -0.20% per year. And the median was 12.00% per year.

As of today (2024-04-30), Moody's's current stock price is €349.40. Moody's's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €25.61. Moody's's Cyclically Adjusted PS Ratio of today is 13.64.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Moody's was 18.09. The lowest was 6.96. And the median was 11.13.


Moody's Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Moody's'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.

Moody's Cyclically Adjusted Revenue per Share Chart

Moody's Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.73 15.50 20.86 24.71 25.61

Moody's Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 24.71 24.80 25.03 26.81 25.61

Competitive Comparison of Moody's's Cyclically Adjusted Revenue per Share

For the Financial Data & Stock Exchanges subindustry, Moody's'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.


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

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

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



Moody's 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, Moody's'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)
=7.388/129.4194*129.4194
=7.388

Current CPI (Dec. 2023) = 129.4194.

Moody's Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.539 99.695 3.296
201406 2.981 100.560 3.837
201409 2.957 100.428 3.811
201412 3.381 99.070 4.417
201503 3.873 99.621 5.031
201506 4.002 100.684 5.144
201509 3.674 100.392 4.736
201512 3.972 99.792 5.151
201603 3.703 100.470 4.770
201606 4.222 101.688 5.373
201609 4.206 101.861 5.344
201612 4.613 101.863 5.861
201703 4.693 102.862 5.905
201706 4.595 103.349 5.754
201709 4.594 104.136 5.709
201712 5.063 104.011 6.300
201803 4.698 105.290 5.775
201806 5.174 106.317 6.298
201809 4.762 106.507 5.786
201812 4.795 105.998 5.855
201903 5.242 107.251 6.326
201906 5.616 108.070 6.725
201909 5.892 108.329 7.039
201912 5.810 108.420 6.935
202003 6.157 108.902 7.317
202006 6.742 108.767 8.022
202009 6.082 109.815 7.168
202012 5.602 109.897 6.597
202103 7.126 111.754 8.252
202106 6.860 114.631 7.745
202109 6.925 115.734 7.744
202112 7.260 117.630 7.988
202203 7.426 121.301 7.923
202206 7.066 125.017 7.315
202209 7.002 125.227 7.236
202212 6.615 125.222 6.837
202303 7.458 127.348 7.579
202306 7.490 128.729 7.530
202309 7.496 129.860 7.471
202312 7.388 129.419 7.388

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


Moody's  (STU:DUT) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=349.40/25.61
=13.64

* 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 Moody's was 18.09. The lowest was 6.96. And the median was 11.13.


Be Aware

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


Moody's Cyclically Adjusted Revenue per Share Related Terms

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


Moody's (STU:DUT) Business Description

Industry
Traded in Other Exchanges
Address
7 World Trade Center at 250 Greenwich Street, New York, NY, USA, 10007
Moody's, along with S&P Ratings, is a leading provider of credit ratings on fixed-income securities. The ratings segment, Moody's Investors Service, includes corporates, structured finance, financial institutions, and public finance ratings. MIS represents a majority of the firm's revenue and profits. The other segment, Moody's Analytics, consists of research, data, and analytics as well as enterprise risk solutions. RD&A's products include credit research, quantitative credit scores, economic research, business intelligence, know-your-customer tools, commercial real estate data and analytical tools, and training services. ERS includes risk-management software solutions for financial institutions.

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