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AT&T (STU:SOBA) Cyclically Adjusted Revenue per Share : €25.24 (As of Mar. 2024)


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What is AT&T 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.

AT&T's adjusted revenue per share for the three months ended in Mar. 2024 was €3.841. 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 €25.24 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AT&T's average Cyclically Adjusted Revenue Growth Rate was -3.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 1.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 3.00% 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 AT&T was 11.70% per year. The lowest was -1.80% per year. And the median was 3.60% per year.

As of today (2024-05-16), AT&T's current stock price is €15.836. AT&T's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €25.24. AT&T's Cyclically Adjusted PS Ratio of today is 0.63.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of AT&T was 1.39. The lowest was 0.50. And the median was 1.01.


AT&T Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for AT&T'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.

AT&T Cyclically Adjusted Revenue per Share Chart

AT&T 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 26.54 24.13 27.59 26.29 24.87

AT&T Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 25.99 25.82 26.51 24.87 25.24

Competitive Comparison of AT&T's Cyclically Adjusted Revenue per Share

For the Telecom Services subindustry, AT&T'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.


AT&T's Cyclically Adjusted PS Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, AT&T's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where AT&T's Cyclically Adjusted PS Ratio falls into.



AT&T 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, AT&T's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=3.841/129.4194*129.4194
=3.841

Current CPI (Mar. 2024) = 129.4194.

AT&T Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 4.593 100.560 5.911
201409 4.905 100.428 6.321
201412 5.359 99.070 7.001
201503 5.767 99.621 7.492
201506 5.635 100.684 7.243
201509 5.861 100.392 7.556
201512 6.241 99.792 8.094
201603 5.881 100.470 7.576
201606 5.821 101.688 7.408
201609 5.887 101.861 7.480
201612 6.415 101.863 8.150
201703 5.950 102.862 7.486
201706 5.733 103.349 7.179
201709 5.384 104.136 6.691
201712 5.698 104.011 7.090
201803 4.992 105.290 6.136
201806 5.236 106.317 6.374
201809 5.355 106.507 6.507
201812 5.752 105.998 7.023
201903 5.403 107.251 6.520
201906 5.411 108.070 6.480
201909 5.504 108.329 6.576
201912 5.739 108.420 6.851
202003 5.367 108.902 6.378
202006 5.072 108.767 6.035
202009 5.011 109.815 5.906
202012 5.235 109.897 6.165
202103 4.933 111.754 5.713
202106 3.964 114.631 4.475
202109 3.547 115.734 3.966
202112 3.650 117.630 4.016
202203 3.570 121.301 3.809
202206 3.684 125.017 3.814
202209 3.968 125.227 4.101
202212 3.928 125.222 4.060
202303 3.766 127.348 3.827
202306 3.846 128.729 3.867
202309 3.958 129.860 3.945
202312 4.083 129.419 4.083
202403 3.841 129.419 3.841

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


AT&T  (STU:SOBA) 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.

AT&T's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=15.836/25.24
=0.63

* 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 AT&T was 1.39. The lowest was 0.50. And the median was 1.01.


Be Aware

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


AT&T Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of AT&T's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


AT&T (STU:SOBA) Business Description

Address
208 S. Akard Street, Dallas, TX, USA, 75202
The wireless business contributes about two thirds of AT&T's revenue following the spinoff of Warner Media. The firm is the third-largest U.S. wireless carrier, connecting 70 million postpaid and 18 million prepaid phone customers. Fixed-line enterprise services, which account for about 18% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access service. AT&T also has a sizable presence in Mexico, serving 22 million customers, but this business only accounts for 3% of revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements.

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