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Migdal Insurance & Financial Holdings (XTAE:MGDL) Cyclically Adjusted Revenue per Share : ₪23.27 (As of Dec. 2023)


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What is Migdal Insurance & Financial Holdings 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.

Migdal Insurance & Financial Holdings's adjusted revenue per share for the three months ended in Dec. 2023 was ₪6.698. 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 ₪23.27 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Migdal Insurance & Financial Holdings's average Cyclically Adjusted Revenue Growth Rate was 6.00% 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.

As of today (2024-05-13), Migdal Insurance & Financial Holdings's current stock price is ₪4.93. Migdal Insurance & Financial Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was ₪23.27. Migdal Insurance & Financial Holdings's Cyclically Adjusted PS Ratio of today is 0.21.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Migdal Insurance & Financial Holdings was 0.26. The lowest was 0.16. And the median was 0.20.


Migdal Insurance & Financial Holdings Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Migdal Insurance & Financial Holdings'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.

Migdal Insurance & Financial Holdings Cyclically Adjusted Revenue per Share Chart

Migdal Insurance & Financial Holdings 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 - - - 21.96 23.27

Migdal Insurance & Financial Holdings 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 21.96 22.43 23.07 23.24 23.27

Competitive Comparison of Migdal Insurance & Financial Holdings's Cyclically Adjusted Revenue per Share

For the Insurance - Life subindustry, Migdal Insurance & Financial Holdings'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.


Migdal Insurance & Financial Holdings's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Migdal Insurance & Financial Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Migdal Insurance & Financial Holdings's Cyclically Adjusted PS Ratio falls into.



Migdal Insurance & Financial Holdings 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, Migdal Insurance & Financial Holdings'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)
=6.698/129.4194*129.4194
=6.698

Current CPI (Dec. 2023) = 129.4194.

Migdal Insurance & Financial Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201012 0.000 92.474 0.000
201103 2.302 94.283 3.160
201112 0.000 95.213 0.000
201203 2.461 96.783 3.291
201212 0.000 96.871 0.000
201312 0.000 98.326 0.000
201412 0.000 99.070 0.000
201512 0.000 99.792 0.000
201603 1.976 100.470 2.545
201606 4.205 101.688 5.352
201609 4.971 101.861 6.316
201612 4.947 101.863 6.285
201703 5.484 102.862 6.900
201706 5.218 103.349 6.534
201709 5.315 104.136 6.605
201712 5.683 104.011 7.071
201803 3.315 105.290 4.075
201806 5.553 106.317 6.760
201809 6.497 106.507 7.895
201812 -0.496 105.998 -0.606
201903 8.720 107.251 10.522
201906 6.926 108.070 8.294
201909 5.045 108.329 6.027
201912 8.017 108.420 9.570
202003 -8.444 108.902 -10.035
202006 6.977 108.767 8.302
202009 8.050 109.815 9.487
202012 8.788 109.897 10.349
202103 8.734 111.754 10.115
202106 9.209 114.631 10.397
202109 6.393 115.734 7.149
202112 10.471 117.630 11.520
202203 2.147 121.301 2.291
202206 -2.854 125.017 -2.955
202209 1.205 125.227 1.245
202212 5.561 125.222 5.747
202303 6.319 127.348 6.422
202306 8.834 128.729 8.881
202309 5.561 129.860 5.542
202312 6.698 129.419 6.698

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


Migdal Insurance & Financial Holdings  (XTAE:MGDL) 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.

Migdal Insurance & Financial Holdings's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=4.93/23.27
=0.21

* 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 Migdal Insurance & Financial Holdings was 0.26. The lowest was 0.16. And the median was 0.20.


Be Aware

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


Migdal Insurance & Financial Holdings Cyclically Adjusted Revenue per Share Related Terms

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


Migdal Insurance & Financial Holdings (XTAE:MGDL) Business Description

Traded in Other Exchanges
N/A
Address
4 Efal Street, Kiryat-Aryeh, Petach Tikva, ISR, 49511
Migdal Insurance & Financial Holdings Ltd is a diversified insurance and finance company in Israel. The company provides a wide variety of insurance, pension, and financial asset management services. The group's key areas of activity include life insurance, health insurance, general insurance, and financial services. Migdal's asset management department includes divisions in credit, real estate, and private equity.

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