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Petroleo Brasileiro Petrobras (BSP:PETR3) Cyclically Adjusted Revenue per Share : R$36.53 (As of Dec. 2023)


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What is Petroleo Brasileiro Petrobras 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.

Petroleo Brasileiro Petrobras's adjusted revenue per share for the three months ended in Dec. 2023 was R$9.104. 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$36.53 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Petroleo Brasileiro Petrobras's average Cyclically Adjusted Revenue Growth Rate was 2.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 0.80% 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 Petroleo Brasileiro Petrobras was 6.70% per year. The lowest was -4.10% per year. And the median was 3.45% per year.

As of today (2024-04-28), Petroleo Brasileiro Petrobras's current stock price is R$43.75. Petroleo Brasileiro Petrobras's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$36.53. Petroleo Brasileiro Petrobras's Cyclically Adjusted PS Ratio of today is 1.20.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Petroleo Brasileiro Petrobras was 1.21. The lowest was 0.18. And the median was 0.71.


Petroleo Brasileiro Petrobras Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Petroleo Brasileiro Petrobras'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.

Petroleo Brasileiro Petrobras Cyclically Adjusted Revenue per Share Chart

Petroleo Brasileiro Petrobras 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 30.46 30.08 33.01 35.79 36.53

Petroleo Brasileiro Petrobras 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 35.79 36.57 36.64 36.73 36.53

Competitive Comparison of Petroleo Brasileiro Petrobras's Cyclically Adjusted Revenue per Share

For the Oil & Gas Integrated subindustry, Petroleo Brasileiro Petrobras'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.


Petroleo Brasileiro Petrobras's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

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

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



Petroleo Brasileiro Petrobras 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, Petroleo Brasileiro Petrobras'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)
=9.104/156.2729*156.2729
=9.104

Current CPI (Dec. 2023) = 156.2729.

Petroleo Brasileiro Petrobras Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 5.992 90.447 10.353
201406 6.565 91.838 11.171
201409 7.530 92.602 12.708
201412 8.600 94.194 14.268
201503 6.441 97.799 10.292
201506 6.229 100.006 9.734
201509 7.981 101.392 12.301
201512 6.141 104.247 9.206
201603 4.971 106.979 7.262
201606 5.057 108.851 7.260
201609 5.393 109.986 7.663
201612 5.314 110.802 7.495
201703 5.250 111.869 7.334
201706 5.277 112.115 7.355
201709 5.541 112.777 7.678
201712 3.858 114.068 5.285
201803 5.819 114.868 7.916
201806 6.148 117.038 8.209
201809 7.002 117.881 9.282
201812 5.611 118.340 7.410
201903 5.657 120.124 7.359
201906 5.420 120.977 7.001
201909 6.192 121.292 7.978
201912 5.540 123.436 7.014
202003 6.828 124.092 8.599
202006 3.929 123.557 4.969
202009 5.678 125.095 7.093
202012 4.220 129.012 5.112
202103 6.950 131.660 8.249
202106 7.975 133.871 9.310
202109 9.658 137.913 10.944
202112 10.984 141.992 12.089
202203 9.948 146.537 10.609
202206 13.791 149.784 14.388
202209 13.415 147.800 14.184
202212 11.425 150.207 11.886
202303 10.458 153.352 10.657
202306 8.559 154.519 8.656
202309 9.886 155.464 9.937
202312 9.104 156.273 9.104

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


Petroleo Brasileiro Petrobras  (BSP:PETR3) 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.

Petroleo Brasileiro Petrobras's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=43.75/36.53
=1.20

* 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 Petroleo Brasileiro Petrobras was 1.21. The lowest was 0.18. And the median was 0.71.


Be Aware

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


Petroleo Brasileiro Petrobras Cyclically Adjusted Revenue per Share Related Terms

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


Petroleo Brasileiro Petrobras (BSP:PETR3) Business Description

Industry
Address
Avenida Republica do Chile, 65, Rio de Janeiro, RJ, BRA, 20031-912
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.

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