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Ray (TSE:4317) Cyclically Adjusted Revenue per Share : 円870.11 (As of Aug. 2024)


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What is Ray 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.

Ray's adjusted revenue per share for the three months ended in Aug. 2024 was 円157.622. 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 円870.11 for the trailing ten years ended in Aug. 2024.

During the past 12 months, Ray's average Cyclically Adjusted Revenue Growth Rate was 1.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 0.90% 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 Ray was 1.80% per year. The lowest was 0.30% per year. And the median was 0.30% per year.

As of today (2025-05-09), Ray's current stock price is 円459.00. Ray's Cyclically Adjusted Revenue per Share for the quarter that ended in Aug. 2024 was 円870.11. Ray's Cyclically Adjusted PS Ratio of today is 0.53.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ray was 0.90. The lowest was 0.32. And the median was 0.46.


Ray Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Ray'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.

Ray Cyclically Adjusted Revenue per Share Chart

Ray Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 846.21 821.36 826.71 853.81 865.97

Ray Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 860.66 866.83 865.97 867.49 870.11

Competitive Comparison of Ray's Cyclically Adjusted Revenue per Share

For the Entertainment subindustry, Ray'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.


Ray's Cyclically Adjusted PS Ratio Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Ray's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


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Ray 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, Ray's adjusted Revenue per Share data for the three months ended in Aug. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Aug. 2024 (Change)*Current CPI (Aug. 2024)
=157.622/109.1000*109.1000
=157.622

Current CPI (Aug. 2024) = 109.1000.

Ray Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201411 232.567 97.900 259.173
201502 245.889 97.600 274.862
201505 208.252 98.700 230.195
201508 229.462 98.400 254.414
201511 248.334 98.100 276.180
201602 202.296 97.800 225.670
201605 204.832 98.200 227.568
201608 193.202 97.900 215.305
201611 238.039 98.600 263.388
201702 241.437 98.100 268.509
201705 207.567 98.600 229.671
201708 223.339 98.500 247.373
201711 251.813 99.100 277.223
201802 220.258 99.500 241.509
201805 175.663 99.300 192.999
201808 182.950 99.800 199.998
201811 217.729 100.000 237.542
201902 224.218 99.700 245.358
201905 199.709 100.000 217.883
201908 203.654 100.000 222.187
201911 217.611 100.500 236.232
202002 211.268 100.300 229.804
202005 113.188 100.100 123.365
202008 82.116 100.100 89.499
202011 128.225 99.500 140.596
202102 168.146 99.800 183.815
202105 130.830 99.400 143.597
202108 171.495 99.700 187.664
202111 175.883 100.100 191.697
202202 293.089 100.700 317.537
202205 228.353 101.800 244.728
202208 198.156 102.700 210.505
202211 181.921 103.900 191.026
202302 260.447 104.000 273.219
202305 159.517 105.100 165.588
202308 150.972 105.900 155.534
202311 258.610 106.900 263.932
202402 216.882 106.900 221.345
202405 165.294 108.100 166.823
202408 157.622 109.100 157.622

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


Ray  (TSE:4317) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=459.00/870.11
=0.53

* 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 Ray was 0.90. The lowest was 0.32. And the median was 0.46.


Be Aware

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


Ray Cyclically Adjusted Revenue per Share Related Terms

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


Ray Business Description

Industry
Traded in Other Exchanges
N/A
Address
6-15-21 Roppongi, Hakus Roppongi Building, Minato-ku, Tokyo, JPN, 106-0032
Ray Corp is engaged in communication design, events, creative design, and show and visual technical businesses in Japan. It is involved in the planning and production of various promotions, events, exhibitions, expositions, showrooms, printed materials, designs, premium products, and digital promotion of the Web. The company is also engaged in the rental and operation of large video equipment in the MICE and concerts.; live broadcasting, shooting, and network distribution activities; and video equipment sale and operational support to showrooms, hotel and conference facilities among other services.

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