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Canon (CAJFF) Cyclically Adjusted Revenue per Share : $26.08 (As of Dec. 2023)


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What is Canon 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.

Canon's adjusted revenue per share for the three months ended in Dec. 2023 was $8.182. 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 $26.08 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Canon's average Cyclically Adjusted Revenue Growth Rate was 4.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 1.80% 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 Canon was 7.60% per year. The lowest was 0.80% per year. And the median was 3.55% per year.

As of today (2024-04-29), Canon's current stock price is $25.52. Canon's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $26.08. Canon's Cyclically Adjusted PS Ratio of today is 0.98.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Canon was 1.43. The lowest was 0.49. And the median was 0.99.


Canon Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Canon'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.

Canon Cyclically Adjusted Revenue per Share Chart

Canon 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 31.11 33.78 28.69 28.41 26.08

Canon 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 28.41 26.57 26.57 24.91 26.08

Competitive Comparison of Canon's Cyclically Adjusted Revenue per Share

For the Computer Hardware subindustry, Canon'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.


Canon's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Canon's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Canon 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, Canon'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)
=8.182/106.8000*106.8000
=8.182

Current CPI (Dec. 2023) = 106.8000.

Canon Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 7.504 95.700 8.374
201406 8.155 98.000 8.887
201409 7.341 98.500 7.960
201412 8.089 97.900 8.824
201503 6.522 97.900 7.115
201506 7.212 98.400 7.828
201509 7.056 98.500 7.651
201512 7.849 98.100 8.545
201603 6.464 97.900 7.052
201606 7.477 98.100 8.140
201609 7.007 98.000 7.636
201612 7.619 98.400 8.269
201703 7.889 98.100 8.589
201706 8.217 98.500 8.909
201709 8.314 98.800 8.987
201712 9.182 99.400 9.866
201803 8.390 99.200 9.033
201806 8.468 99.200 9.117
201809 7.654 99.900 8.183
201812 8.735 99.700 9.357
201903 7.203 99.700 7.716
201906 7.820 99.800 8.368
201909 7.599 100.100 8.108
201912 8.209 100.500 8.724
202003 6.861 100.300 7.306
202006 5.984 99.900 6.397
202009 6.871 99.900 7.346
202012 8.708 99.300 9.366
202103 7.412 99.900 7.924
202106 7.658 99.500 8.220
202109 7.232 100.100 7.716
202112 8.025 100.100 8.562
202203 7.090 101.100 7.490
202206 7.178 101.800 7.531
202209 6.793 103.100 7.037
202212 8.432 104.100 8.651
202303 7.153 104.400 7.317
202306 7.150 105.200 7.259
202309 6.989 106.200 7.028
202312 8.182 106.800 8.182

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


Canon  (OTCPK:CAJFF) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=25.52/26.08
=0.98

* 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 Canon was 1.43. The lowest was 0.49. And the median was 0.99.


Be Aware

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


Canon Cyclically Adjusted Revenue per Share Related Terms

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


Canon (CAJFF) Business Description

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30-2, Shimomaruko 3-Chome, Ohta-ku, Tokyo, JPN, 146-8501
Canon Inc designs, manufactures and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. The company operates four major business segments: printing, imaging, medical, industrial, and others. It generates maximum revenue from the printing segment. Printing Business Unit includes Office multifunction devices (MFDs), Document solutions, Laser multifunction printers (MFPs), Laser printers, Inkjet printers, Image scanners, Calculators, Digital continuous feed presses, Digital sheet-fed presses, and Large format printers.