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Crown Castle (BSP:C1CI34) Cyclically Adjusted Revenue per Share : R$19.16 (As of Mar. 2024)


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What is Crown Castle 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.

Crown Castle's adjusted revenue per share for the three months ended in Mar. 2024 was R$4.696. 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 R$19.16 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Crown Castle's average Cyclically Adjusted Revenue Growth Rate was 3.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 9.50% 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 Crown Castle was 12.10% per year. The lowest was -0.20% per year. And the median was 9.50% per year.

As of today (2024-05-15), Crown Castle's current stock price is R$128.70. Crown Castle's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$19.16. Crown Castle's Cyclically Adjusted PS Ratio of today is 6.72.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Crown Castle was 16.24. The lowest was 5.60. And the median was 11.72.


Crown Castle Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Crown Castle'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.

Crown Castle Cyclically Adjusted Revenue per Share Chart

Crown Castle 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 - 15.01 18.37 19.27 18.85

Crown Castle 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 18.90 18.28 19.33 18.85 19.16

Competitive Comparison of Crown Castle's Cyclically Adjusted Revenue per Share

For the REIT - Specialty subindustry, Crown Castle'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.


Crown Castle's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Crown Castle's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Crown Castle 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, Crown Castle'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)
=4.696/129.4194*129.4194
=4.696

Current CPI (Mar. 2024) = 129.4194.

Crown Castle Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.474 100.560 1.897
201409 1.566 100.428 2.018
201412 1.831 99.070 2.392
201503 2.121 99.621 2.755
201506 2.097 100.684 2.695
201509 2.685 100.392 3.461
201512 2.739 99.792 3.552
201603 2.579 100.470 3.322
201606 2.433 101.688 3.097
201609 2.384 101.861 3.029
201612 2.453 101.863 3.117
201703 2.194 102.862 2.760
201706 2.336 103.349 2.925
201709 2.097 104.136 2.606
201712 2.301 104.011 2.863
201803 2.597 105.290 3.192
201806 3.014 106.317 3.669
201809 3.395 106.507 4.125
201812 3.173 105.998 3.874
201903 3.242 107.251 3.912
201906 3.337 108.070 3.996
201909 3.651 108.329 4.362
201912 3.501 108.420 4.179
202003 4.153 108.902 4.935
202006 4.458 108.767 5.304
202009 4.676 109.815 5.511
202012 4.425 109.897 5.211
202103 4.831 111.754 5.595
202106 4.585 114.631 5.176
202109 4.920 115.734 5.502
202112 5.388 117.630 5.928
202203 4.994 121.301 5.328
202206 5.042 125.017 5.220
202209 5.274 125.227 5.451
202212 5.330 125.222 5.509
202303 5.320 127.348 5.407
202306 5.220 128.729 5.248
202309 4.742 129.860 4.726
202312 4.725 129.419 4.725
202403 4.696 129.419 4.696

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


Crown Castle  (BSP:C1CI34) 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.

Crown Castle's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=128.70/19.16
=6.72

* 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 Crown Castle was 16.24. The lowest was 5.60. And the median was 11.72.


Be Aware

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


Crown Castle Cyclically Adjusted Revenue per Share Related Terms

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


Crown Castle (BSP:C1CI34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Crown Castle Inc (BSP:C1CI34) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
8020 Katy Freeway, Houston, TX, USA, 77024-1908
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with more than 70% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.

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