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TEAC (TSE:6803) Cyclically Adjusted Revenue per Share : 円633.44 (As of Dec. 2023)


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What is TEAC 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.

TEAC's adjusted revenue per share for the three months ended in Dec. 2023 was 円135.046. 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633.44 for the trailing ten years ended in Dec. 2023.

During the past 12 months, TEAC's average Cyclically Adjusted Revenue Growth Rate was -2.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -6.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -8.30% 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 TEAC was -6.00% per year. The lowest was -10.70% per year. And the median was -9.10% per year.

As of today (2024-05-14), TEAC's current stock price is 円96.00. TEAC's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円633.44. TEAC's Cyclically Adjusted PS Ratio of today is 0.15.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of TEAC was 0.46. The lowest was 0.13. And the median was 0.18.


TEAC Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for TEAC'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.

TEAC Cyclically Adjusted Revenue per Share Chart

TEAC Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 862.04 769.70 682.45 647.82 638.69

TEAC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 649.62 638.69 637.56 637.31 633.44

Competitive Comparison of TEAC's Cyclically Adjusted Revenue per Share

For the Computer Hardware subindustry, TEAC'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.


TEAC's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TEAC's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



TEAC 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, TEAC'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)
=135.046/106.8000*106.8000
=135.046

Current CPI (Dec. 2023) = 106.8000.

TEAC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 251.223 95.700 280.362
201406 146.618 98.000 159.784
201409 168.147 98.500 182.316
201412 194.982 97.900 212.708
201503 199.257 97.900 217.371
201506 158.066 98.400 171.559
201509 178.651 98.500 193.705
201512 190.727 98.100 207.642
201603 182.405 97.900 198.987
201606 127.607 98.100 138.924
201609 142.808 98.000 155.632
201612 166.343 98.400 180.543
201703 165.273 98.100 179.930
201706 120.848 98.500 131.031
201709 150.418 98.800 162.598
201712 155.312 99.400 166.874
201803 163.988 99.200 176.552
201806 114.050 99.200 122.788
201809 130.297 99.900 139.296
201812 142.272 99.700 152.404
201903 157.718 99.700 168.950
201906 106.456 99.800 113.923
201909 130.441 100.100 139.172
201912 130.163 100.500 138.322
202003 144.741 100.300 154.121
202006 101.496 99.900 108.506
202009 128.849 99.900 137.748
202012 131.591 99.300 141.530
202103 144.434 99.900 154.410
202106 113.267 99.500 121.577
202109 139.232 100.100 148.551
202112 149.403 100.100 159.403
202203 153.659 101.100 162.322
202206 123.490 101.800 129.555
202209 140.383 103.100 145.421
202212 134.655 104.100 138.147
202303 146.457 104.400 149.824
202306 116.261 105.200 118.029
202309 138.062 106.200 138.842
202312 135.046 106.800 135.046

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


TEAC  (TSE:6803) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=96.00/633.44
=0.15

* 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 TEAC was 0.46. The lowest was 0.13. And the median was 0.18.


Be Aware

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


TEAC Cyclically Adjusted Revenue per Share Related Terms

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


TEAC (TSE:6803) Business Description

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47 Ochiai 1-chome, Tama-shi, Tokyo, JPN, 206-8530
TEAC Corp is a Japanese based electronic company. It is engaged in manufacturing and sale of audio and information equipment. It operates in two business divisions including Audio products business and Information products business. Its Audio products business offers high-end audio products, general audio products, audio equipment for, music production and professional audio products. Information products business offers recording and reproducing equipment for aircraft, medical image recording and reproducing products, supporting systems for individual nursing care, measurement products (transducers, data recorders), and optical drives for the industrial market.

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