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AAR (AIR) Cyclically Adjusted Revenue per Share : $60.56 (As of Feb. 2024)


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What is AAR 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.

AAR's adjusted revenue per share for the three months ended in Feb. 2024 was $16.116. 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 $60.56 for the trailing ten years ended in Feb. 2024.

During the past 12 months, AAR's average Cyclically Adjusted Revenue Growth Rate was 3.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.50% 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 AAR was 8.10% per year. The lowest was -1.90% per year. And the median was 5.10% per year.

As of today (2024-04-27), AAR's current stock price is $68.27. AAR's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was $60.56. AAR's Cyclically Adjusted PS Ratio of today is 1.13.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of AAR was 1.18. The lowest was 0.26. And the median was 0.77.


AAR Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for AAR'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.

AAR Cyclically Adjusted Revenue per Share Chart

AAR Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.63 51.92 54.13 57.88 60.20

AAR Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 58.62 60.20 60.61 60.34 60.56

Competitive Comparison of AAR's Cyclically Adjusted Revenue per Share

For the Aerospace & Defense subindustry, AAR'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.


AAR's Cyclically Adjusted PS Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AAR's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



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

Adj_RevenuePerShare= Revenue per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=16.116/129.4194*129.4194
=16.116

Current CPI (Feb. 2024) = 129.4194.

AAR Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 10.757 100.373 13.870
201408 10.079 100.352 12.998
201411 10.315 99.635 13.399
201502 9.696 99.032 12.671
201505 10.990 100.333 14.176
201508 11.017 100.548 14.180
201511 12.471 100.135 16.118
201602 11.980 100.040 15.498
201605 8.603 101.355 10.985
201608 11.871 101.617 15.119
201611 12.428 101.829 15.795
201702 11.906 102.779 14.992
201705 13.134 103.256 16.462
201708 11.533 103.587 14.409
201711 12.191 104.072 15.160
201802 13.226 105.052 16.294
201805 13.567 106.148 16.541
201808 13.285 106.383 16.162
201811 14.094 106.338 17.153
201902 15.172 106.649 18.411
201905 16.263 108.048 19.480
201908 15.471 108.245 18.497
201911 16.026 108.519 19.113
202002 15.758 109.139 18.686
202005 11.968 108.175 14.318
202008 11.451 109.662 13.514
202011 11.531 109.793 13.592
202102 11.558 110.968 13.480
202105 12.292 113.576 14.007
202108 12.748 115.421 14.294
202111 12.264 117.269 13.535
202202 12.667 119.703 13.695
202205 13.008 123.323 13.651
202208 12.607 124.958 13.057
202211 13.539 125.607 13.950
202302 15.061 126.928 15.357
202305 15.630 128.314 15.765
202308 15.661 129.538 15.647
202311 15.450 129.548 15.435
202402 16.116 129.419 16.116

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


AAR  (NYSE:AIR) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=68.27/60.56
=1.13

* 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 AAR was 1.18. The lowest was 0.26. And the median was 0.77.


Be Aware

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


AAR Cyclically Adjusted Revenue per Share Related Terms

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


AAR (AIR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AAR Corp (NYSE:AIR) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
1100 N. Wood Dale Road, One AAR Place, Wood Dale, IL, USA, 60191
AAR Corp is engaged in providing products and services to aviation, government, and defense market. It operates in two segments namely Aviation Services and Expeditionary Services. The Aviation Services segment consists of aftermarket support and services businesses that provide spares and maintenance support for aircraft operated by it's commercial and government/defense customers. The Expeditionary Services segment consists of businesses that provide products and services supporting the movement of equipment and personnel by the U.S. Department of Defense, foreign governments, and non-governmental organizations. It generates a majority of its revenue from the Aviation Services Segment.
Executives
Peter Pace director C/O AAR CORP., 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Holmes John Mcclain Iii officer: Group Vice President 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Billy Nolen director 1100 N WOOD DALE RD, WOOD DALE IL 60191
Sean M. Gillen officer: VP-CFO 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Eric Pachapa officer: VP, Controller and CAO 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Jessica A. Garascia officer: Vice President and Secretary 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Tracey Patterson officer: Sr. VP & Chief HR Officer 1100 N WOOD DALE RD, WOOD DALE IL 60191
Christopher A. Jessup officer: Vice President-CCO 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Jennifer L Vogel director C/O AAR CORP., 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
John W Dietrich director
Anthony Anderson director 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Gilbertson H John Jr director 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
David P Storch director, officer: President, CEO & Director C/O AAR CORP, 1111 NICHOLAS BLVD, 1111 NICHOLAS BLVD IL 60007
Michael Ross Boyce director 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Ellen M. Lord director 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191