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Step Co (TSE:9795) Cyclically Adjusted Revenue per Share : 円756.35 (As of Mar. 2024)


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What is Step 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.

Step Co's adjusted revenue per share for the three months ended in Mar. 2024 was 円220.888. 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756.35 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Step Co's average Cyclically Adjusted Revenue Growth Rate was 6.90% 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 4.60% 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 Step Co was 6.00% per year. The lowest was 3.30% per year. And the median was 4.30% per year.

As of today (2024-06-23), Step Co's current stock price is 円1900.00. Step Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円756.35. Step Co's Cyclically Adjusted PS Ratio of today is 2.51.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Step Co was 3.08. The lowest was 2.03. And the median was 2.57.


Step Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Step 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.

Step Co Cyclically Adjusted Revenue per Share Chart

Step Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 602.73 615.46 641.00 683.09 732.38

Step 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 707.54 719.11 732.38 746.39 756.35

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

For the Education & Training Services subindustry, Step 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.


Step Co's Cyclically Adjusted PS Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Step Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Step 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, Step 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)
=220.888/107.2000*107.2000
=220.888

Current CPI (Mar. 2024) = 107.2000.

Step Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 122.196 98.000 133.667
201409 152.798 98.500 166.294
201412 142.856 97.900 156.427
201503 138.594 97.900 151.760
201506 131.350 98.400 143.097
201509 163.550 98.500 177.996
201512 153.990 98.100 168.274
201603 149.081 97.900 163.243
201606 136.380 98.100 149.031
201609 172.102 98.000 188.259
201612 159.660 98.400 173.939
201703 156.340 98.100 170.842
201706 142.192 98.500 154.751
201709 179.466 98.800 194.724
201712 167.943 99.400 181.122
201803 162.967 99.200 176.110
201806 148.160 99.200 160.108
201809 186.895 99.900 200.552
201812 177.978 99.700 191.367
201903 167.548 99.700 180.152
201906 160.091 99.800 171.961
201909 197.752 100.100 211.778
201912 190.788 100.500 203.507
202003 155.880 100.300 166.604
202006 106.088 99.900 113.840
202009 209.255 99.900 224.546
202012 193.707 99.300 209.118
202103 188.455 99.900 202.226
202106 185.517 99.500 199.874
202109 222.100 100.100 237.853
202112 207.996 100.100 222.749
202203 206.297 101.100 218.744
202206 191.657 101.800 201.823
202209 220.084 103.100 228.836
202212 236.942 104.100 243.998
202303 216.060 104.400 221.855
202306 192.879 105.200 196.546
202309 229.010 106.200 231.166
202312 252.962 106.800 253.909
202403 220.888 107.200 220.888

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


Step Co  (TSE:9795) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1900.00/756.35
=2.51

* 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 Step Co was 3.08. The lowest was 2.03. And the median was 2.57.


Be Aware

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


Step Co Cyclically Adjusted Revenue per Share Related Terms

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


Step Co (TSE:9795) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Step Co Ltd (TSE:9795) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
N/A
Address
Fujisawa 602, Kanagawa Prefecture, Fujisawa, JPN, 251-0052
Step Co Ltd is a Japan-based company engaged in the operation of private preparatory schools, as well as the creation, editing, printing, and binding of educational materials. It also provides special courses like spot color examination measures course, interview course, public middle and high school integrated school courses.

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