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SP Plus (FRA:PZA) Cyclically Adjusted Revenue per Share : €75.67 (As of Mar. 2024)


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What is SP Plus 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.

SP Plus's adjusted revenue per share for the three months ended in Mar. 2024 was €20.795. 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 €75.67 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SP Plus's average Cyclically Adjusted Revenue Growth Rate was 2.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.90% 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 SP Plus was 8.40% per year. The lowest was 3.90% per year. And the median was 6.70% per year.

As of today (2024-05-16), SP Plus's current stock price is €48.80. SP Plus's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €75.67. SP Plus's Cyclically Adjusted PS Ratio of today is 0.64.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of SP Plus was 0.68. The lowest was 0.23. And the median was 0.48.


SP Plus Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for SP Plus'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.

SP Plus Cyclically Adjusted Revenue per Share Chart

SP Plus 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 61.94 54.13 63.34 71.98 72.25

SP Plus 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 69.88 74.37 76.06 72.25 75.67

Competitive Comparison of SP Plus's Cyclically Adjusted Revenue per Share

For the Specialty Business Services subindustry, SP Plus'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.


SP Plus's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, SP Plus's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



SP Plus 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, SP Plus'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)
=20.795/131.7762*131.7762
=20.795

Current CPI (Mar. 2024) = 131.7762.

SP Plus Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 12.303 100.560 16.122
201409 13.158 100.428 17.265
201412 13.878 99.070 18.460
201503 16.578 99.621 21.929
201506 16.046 100.684 21.001
201509 15.834 100.392 20.784
201512 14.749 99.792 19.476
201603 15.803 100.470 20.727
201606 15.837 101.688 20.523
201609 15.731 101.861 20.351
201612 16.690 101.863 21.591
201703 16.740 102.862 21.446
201706 15.950 103.349 20.337
201709 14.628 104.136 18.511
201712 14.718 104.011 18.647
201803 13.188 105.290 16.506
201806 13.691 106.317 16.970
201809 13.715 106.507 16.969
201812 14.666 105.998 18.233
201903 15.984 107.251 19.639
201906 16.269 108.070 19.838
201909 17.246 108.329 20.979
201912 17.566 108.420 21.350
202003 17.528 108.902 21.210
202006 8.612 108.767 10.434
202009 9.242 109.815 11.090
202012 9.554 109.897 11.456
202103 9.727 111.754 11.470
202106 10.698 114.631 12.298
202109 12.377 115.734 14.093
202112 14.177 117.630 15.882
202203 14.885 121.301 16.170
202206 16.877 125.017 17.790
202209 19.470 125.227 20.488
202212 19.398 125.222 20.413
202303 19.994 127.348 20.689
202306 20.572 128.729 21.059
202309 21.681 129.860 22.001
202312 21.136 129.419 21.521
202403 20.795 131.776 20.795

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


SP Plus  (FRA:PZA) 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.

SP Plus's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=48.80/75.67
=0.64

* 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 SP Plus was 0.68. The lowest was 0.23. And the median was 0.48.


Be Aware

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


SP Plus Cyclically Adjusted Revenue per Share Related Terms

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


SP Plus (FRA:PZA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SP Plus Corp (FRA:PZA) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
200 East Randolph Street, Suite 7700, Chicago, IL, USA, 60601-7702
SP Plus Corp Provides parking management, ground transportation, and other ancillary services to commercial, institutional, and municipal clients in urban markets and airports across the United States, Canada, and Puerto Rico. Its services include a comprehensive set of on-site parking management and ground transportation services, In addition, the company also provides a range of ancillary services such as airport and municipal shuttle operations, valet services, taxi and livery dispatch services, and municipal meter revenue collection and enforcement services. Its reportable segments are Commercial and Aviation. The company generates a majority of its revenue from the Commercial segment.