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NOF (TSE:4403) Cyclically Adjusted Revenue per Share : 円772.84 (As of Dec. 2023)


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What is NOF 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.

NOF's adjusted revenue per share for the three months ended in Dec. 2023 was 円242.323. 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772.84 for the trailing ten years ended in Dec. 2023.

During the past 12 months, NOF's average Cyclically Adjusted Revenue Growth Rate was -100.00% 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 NOF was 4.50% per year. The lowest was 3.00% per year. And the median was 3.20% per year.

As of today (2024-06-13), NOF's current stock price is 円2044.00. NOF's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円772.84. NOF's Cyclically Adjusted PS Ratio of today is 2.64.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of NOF was 3.47. The lowest was 1.58. And the median was 2.36.


NOF Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for NOF'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.

NOF Cyclically Adjusted Revenue per Share Chart

NOF Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 646.07 655.72 684.24 736.64 -

NOF 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 736.64 748.15 760.20 772.84 -

Competitive Comparison of NOF's Cyclically Adjusted Revenue per Share

For the Specialty Chemicals subindustry, NOF'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.


NOF's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, NOF's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



NOF 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, NOF'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)
=242.323/106.8000*106.8000
=242.323

Current CPI (Dec. 2023) = 106.8000.

NOF Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 161.027 95.700 179.704
201406 145.572 98.000 158.644
201409 151.322 98.500 164.073
201412 150.500 97.900 164.182
201503 166.371 97.900 181.496
201506 146.935 98.400 159.478
201509 158.080 98.500 171.400
201512 162.623 98.100 177.045
201603 166.430 97.900 181.560
201606 157.745 98.100 171.735
201609 157.178 98.000 171.292
201612 166.888 98.400 181.135
201703 178.588 98.100 194.426
201706 161.560 98.500 175.174
201709 160.311 98.800 173.292
201712 181.186 99.400 194.675
201803 192.854 99.200 207.629
201806 173.905 99.200 187.228
201809 178.422 99.900 190.745
201812 185.263 99.700 198.456
201903 204.555 99.700 219.122
201906 172.482 99.800 184.580
201909 171.387 100.100 182.858
201912 181.291 100.500 192.656
202003 192.855 100.300 205.353
202006 151.516 99.900 161.981
202009 153.489 99.900 164.090
202012 179.498 99.300 193.055
202103 208.261 99.900 222.645
202106 172.870 99.500 185.553
202109 191.218 100.100 204.017
202112 199.273 100.100 212.611
202203 215.665 101.100 227.824
202206 211.868 101.800 222.274
202209 211.520 103.100 219.111
202212 221.050 104.100 226.783
202303 246.562 104.400 252.230
202306 203.775 105.200 206.874
202309 217.830 106.200 219.061
202312 242.323 106.800 242.323

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


NOF  (TSE:4403) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2044.00/772.84
=2.64

* 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 NOF was 3.47. The lowest was 1.58. And the median was 2.36.


Be Aware

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


NOF Cyclically Adjusted Revenue per Share Related Terms

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


NOF (TSE:4403) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NOF Corp (TSE:4403) » Definitions » Cyclically Adjusted Revenue per Share
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4-20-3 Ebisu Shibuya-ku, Yebisu Garden Place Tower, Tokyo, JPN, 150-6019
NOF Corp is a Japan-based specialty chemical manufacturer. It is engaged in producing a diversified range of products derived from plant and animal fats. The company's current businesses include oleo and specialty chemicals, functional chemicals and polymers, explosives and propulsion systems, functional foods, life science products, DDS development, display materials, anti-corrosion, logistics and real estate. It operates in four segments such as Functional Chemicals, Life Science, Explosive & Propulsion and Others. Most of its revenues are generated from its Functional Chemicals segment, which is engaged in the sale of fatty acids, surfactants, ethylene oxide, functional films, electronic materials and materials for anti-corrosion.

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