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ONEOK (WBO:OKE) Cyclically Adjusted Revenue per Share : €38.40 (As of Sep. 2024)


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What is ONEOK 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.

ONEOK's adjusted revenue per share for the three months ended in Sep. 2024 was €7.714. 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 €38.40 for the trailing ten years ended in Sep. 2024.

During the past 12 months, ONEOK's average Cyclically Adjusted Revenue Growth Rate was -7.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -1.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -3.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -3.80% 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 ONEOK was 23.50% per year. The lowest was -7.10% per year. And the median was 9.10% per year.

As of today (2024-12-12), ONEOK's current stock price is €99.67. ONEOK's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was €38.40. ONEOK's Cyclically Adjusted PS Ratio of today is 2.60.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of ONEOK was 2.73. The lowest was 0.30. And the median was 1.15.


ONEOK Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for ONEOK'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.

ONEOK Cyclically Adjusted Revenue per Share Chart

ONEOK Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 44.32 40.86

ONEOK Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 44.21 40.86 41.25 40.57 38.40

Competitive Comparison of ONEOK's Cyclically Adjusted Revenue per Share

For the Oil & Gas Midstream subindustry, ONEOK'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.


ONEOK's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ONEOK's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



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

Adj_RevenuePerShare= Revenue per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=7.714/133.0289*133.0289
=7.714

Current CPI (Sep. 2024) = 133.0289.

ONEOK Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 10.973 99.070 14.734
201503 7.926 99.621 10.584
201506 9.009 100.684 11.903
201509 8.037 100.392 10.650
201512 8.415 99.792 11.218
201603 7.549 100.470 9.995
201606 8.933 101.688 11.686
201609 9.869 101.861 12.889
201612 11.805 101.863 15.417
201703 12.036 102.862 15.566
201706 11.336 103.349 14.591
201709 6.360 104.136 8.125
201712 8.257 104.011 10.561
201803 6.104 105.290 7.712
201806 6.112 106.317 7.648
201809 7.011 106.507 8.757
201812 6.649 105.998 8.345
201903 5.925 107.251 7.349
201906 5.240 108.070 6.450
201909 4.945 108.329 6.072
201912 5.763 108.420 7.071
202003 4.668 108.902 5.702
202006 3.510 108.767 4.293
202009 4.143 109.815 5.019
202012 4.736 109.897 5.733
202103 6.005 111.754 7.148
202106 6.294 114.631 7.304
202109 8.614 115.734 9.901
202112 10.701 117.630 12.102
202203 11.036 121.301 12.103
202206 12.656 125.017 13.467
202209 13.327 125.227 14.157
202212 10.587 125.222 11.247
202303 9.404 127.348 9.824
202306 7.672 128.729 7.928
202309 8.566 129.860 8.775
202312 8.202 129.419 8.431
202403 7.510 131.776 7.581
202406 7.761 132.554 7.789
202409 7.714 133.029 7.714

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


ONEOK  (WBO:OKE) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=99.67/38.4
=2.60

* 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 ONEOK was 2.73. The lowest was 0.30. And the median was 1.15.


Be Aware

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


ONEOK Cyclically Adjusted Revenue per Share Related Terms

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


ONEOK Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ONEOK Inc (WBO:OKE) » Definitions » Cyclically Adjusted Revenue per Share
Address
100 West Fifth Street, Tulsa, OK, USA, 74103
Oneok is a diversified midstream service provider specializing in natural gas gathering, processing, storage, and transportation and natural gas liquids transportation and fractionation. It also operates a refined product and crude oil segment connecting producers, refiners, and consumers. Operations are in the midcontinent, Permian, and Rocky Mountain regions.