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Cheng Shin Rubber Industry Co (TPE:2105) Cyclically Adjusted Revenue per Share : NT$40.80 (As of Mar. 2024)


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What is Cheng Shin Rubber Industry 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.

Cheng Shin Rubber Industry Co's adjusted revenue per share for the three months ended in Mar. 2024 was NT$7.278. 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$40.80 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Cheng Shin Rubber Industry Co's average Cyclically Adjusted Revenue Growth Rate was -0.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.50% 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 Cheng Shin Rubber Industry Co was 1.50% per year. The lowest was 1.50% per year. And the median was 1.50% per year.

As of today (2024-06-25), Cheng Shin Rubber Industry Co's current stock price is NT$49.60. Cheng Shin Rubber Industry Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$40.80. Cheng Shin Rubber Industry Co's Cyclically Adjusted PS Ratio of today is 1.22.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Cheng Shin Rubber Industry Co was 1.49. The lowest was 0.77. And the median was 0.98.


Cheng Shin Rubber Industry Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Cheng Shin Rubber Industry 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.

Cheng Shin Rubber Industry Co Cyclically Adjusted Revenue per Share Chart

Cheng Shin Rubber Industry Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 39.35 39.21 40.40 41.09

Cheng Shin Rubber Industry Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 41.09 41.31 41.09 40.82 40.80

Competitive Comparison of Cheng Shin Rubber Industry Co's Cyclically Adjusted Revenue per Share

For the Auto Parts subindustry, Cheng Shin Rubber Industry 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.


Cheng Shin Rubber Industry Co's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cheng Shin Rubber Industry Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Cheng Shin Rubber Industry Co's Cyclically Adjusted PS Ratio falls into.



Cheng Shin Rubber Industry 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, Cheng Shin Rubber Industry Co'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)
=7.278/131.7762*131.7762
=7.278

Current CPI (Mar. 2024) = 131.7762.

Cheng Shin Rubber Industry Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 9.732 99.695 12.864
201406 10.031 100.560 13.145
201409 10.510 100.428 13.791
201412 9.418 99.070 12.527
201503 8.931 99.621 11.814
201506 9.537 100.684 12.482
201509 9.002 100.392 11.816
201512 8.449 99.792 11.157
201603 9.035 100.470 11.850
201606 9.552 101.688 12.378
201609 9.015 101.861 11.663
201612 8.528 101.863 11.032
201703 8.822 102.862 11.302
201706 8.729 103.349 11.130
201709 8.844 104.136 11.191
201712 8.353 104.011 10.583
201803 8.533 105.290 10.680
201806 8.625 106.317 10.690
201809 8.474 106.507 10.485
201812 7.942 105.998 9.873
201903 8.261 107.251 10.150
201906 8.720 108.070 10.633
201909 8.690 108.329 10.571
201912 8.184 108.420 9.947
202003 6.026 108.902 7.292
202006 6.811 108.767 8.252
202009 8.564 109.815 10.277
202012 8.219 109.897 9.855
202103 8.494 111.754 10.016
202106 7.881 114.631 9.060
202109 7.401 115.734 8.427
202112 7.446 117.630 8.341
202203 7.634 121.301 8.293
202206 7.335 125.017 7.732
202209 8.348 125.227 8.785
202212 7.068 125.222 7.438
202303 7.249 127.348 7.501
202306 7.585 128.729 7.765
202309 7.838 129.860 7.954
202403 7.278 131.776 7.278

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


Cheng Shin Rubber Industry Co  (TPE:2105) 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.

Cheng Shin Rubber Industry Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=49.60/40.8
=1.22

* 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 Cheng Shin Rubber Industry Co was 1.49. The lowest was 0.77. And the median was 0.98.


Be Aware

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


Cheng Shin Rubber Industry Co Cyclically Adjusted Revenue per Share Related Terms

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


Cheng Shin Rubber Industry Co (TPE:2105) Business Description

Traded in Other Exchanges
N/A
Address
No. 215, Meigang Road, Dacun Township, Changhua, TWN, 51545
Cheng Shin Rubber Industry Co Ltd makes and sells rubber tires under the CST brand name. The company also sells rubber inner tubes and other rubber products. It includes the Processing, manufacturing, and trading of bicycle tires, electrical vehicle tires, reclaimed rubber, various rubbers, resin, and other rubber products and the manufacturing and trading of various rubber products and relevant rubber machinery. The main sources of sales revenue are from the assembly plants and dealers. Its geographical segments are Taiwan, China, the United States, and Others.

Cheng Shin Rubber Industry Co (TPE:2105) Headlines

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