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MEC Co (TSE:4971) Cyclically Adjusted Revenue per Share : 円671.48 (As of Mar. 2024)


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What is MEC 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.

MEC Co's adjusted revenue per share for the three months ended in Mar. 2024 was 円232.569. 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671.48 for the trailing ten years ended in Mar. 2024.

During the past 12 months, MEC Co'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 10.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 8.90% 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 MEC Co was 10.50% per year. The lowest was 7.30% per year. And the median was 9.30% per year.

As of today (2024-06-21), MEC Co's current stock price is 円4455.00. MEC Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円671.48. MEC Co's Cyclically Adjusted PS Ratio of today is 6.63.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of MEC Co was 8.15. The lowest was 2.23. And the median was 4.38.


MEC Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for MEC 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.

MEC Co Cyclically Adjusted Revenue per Share Chart

MEC Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 467.14 487.26 536.02 609.66 656.86

MEC Co 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 616.16 629.43 644.21 656.86 671.48

Competitive Comparison of MEC Co's Cyclically Adjusted Revenue per Share

For the Specialty Chemicals subindustry, MEC 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.


MEC Co's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

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

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



MEC 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, MEC 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)
=232.569/107.2000*107.2000
=232.569

Current CPI (Mar. 2024) = 107.2000.

MEC Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 107.414 98.000 117.498
201409 116.823 98.500 127.141
201412 115.828 97.900 126.831
201503 111.199 97.900 121.762
201506 108.872 98.400 118.609
201509 113.041 98.500 123.025
201512 114.553 98.100 125.179
201603 118.987 97.900 130.290
201606 118.759 98.100 129.775
201609 114.613 98.000 125.373
201612 121.052 98.400 131.878
201703 123.993 98.100 135.495
201706 130.190 98.500 141.689
201709 143.123 98.800 155.291
201712 229.623 99.400 247.642
201803 138.783 99.200 149.975
201806 148.095 99.200 160.038
201809 152.981 99.900 164.160
201812 151.659 99.700 163.068
201903 122.741 99.700 131.974
201906 138.098 99.800 148.338
201909 163.132 100.100 174.703
201912 145.489 100.500 155.188
202003 148.062 100.300 158.248
202006 152.360 99.900 163.493
202009 159.492 99.900 171.147
202012 170.076 99.300 183.607
202103 184.689 99.900 198.185
202106 185.297 99.500 199.637
202109 217.467 100.100 232.892
202112 204.250 100.100 218.737
202203 208.122 101.100 220.679
202206 219.528 101.800 231.173
202209 222.837 103.100 231.699
202212 208.565 104.100 214.776
202303 145.484 104.400 149.386
202306 181.680 105.200 185.134
202309 200.256 106.200 202.142
202312 215.562 106.800 216.369
202403 232.569 107.200 232.569

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


MEC Co  (TSE:4971) 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.

MEC Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=4455.00/671.48
=6.63

* 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 MEC Co was 8.15. The lowest was 2.23. And the median was 4.38.


Be Aware

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


MEC Co Cyclically Adjusted Revenue per Share Related Terms

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


MEC Co (TSE:4971) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » MEC Co Ltd (TSE:4971) » Definitions » Cyclically Adjusted Revenue per Share
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Address
3-4-1, Kuise Minamishimmachi, Hyogo, Amagasaki, JPN, 660-0822
MEC Co Ltd is a Japan-based chemical manufacturer. The company mainly develops, manufactures, and sells chemicals to produce printed circuit boards. Products offered by the company include dry film pretreatment, solar mask pretreatment, microetching, metal resist stripping, among others. Its products are used in automobile, smartphone, and computer. MEC also serves customers in Continental Asia, Europe, America's, India, The Middle-East, and North-Africa.

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