General Electric Co (NYSE:GE) Cyclically Adjusted Revenue per Share

: $99.21 (As of Sep. 2023)

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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.

General Electric Co's adjusted revenue per share for the three months ended in Sep. 2023 was $15.783. 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 $99.21 for the trailing ten years ended in Sep. 2023.

During the past 12 months, General Electric Co's average Cyclically Adjusted Revenue Growth Rate was -2.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -1.40% 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 -2.50% 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 General Electric Co was 9.50% per year. The lowest was -3.90% per year. And the median was 4.70% per year.

As of today (2023-12-11), General Electric Co's current stock price is $120.59. General Electric Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was $99.21. General Electric Co's Cyclically Adjusted PS Ratio of today is 1.22.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of General Electric Co was 1.64. The lowest was 0.33. And the median was 0.99.

General Electric Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for General Electric Co'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.

General Electric Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cyclically Adjusted Revenue per Share

109.22

106.04

101.17

102.00

101.53

General Electric Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cyclically Adjusted Revenue per Share																102.07	101.53	101.26	100.34	99.21

Competitive Comparison

For the Specialty Industrial Machinery subindustry, General Electric Co'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.

General Electric Co Cyclically Adjusted PS Ratio Distribution

For the Industrial Products industry and Industrials sector, General Electric Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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

General Electric Co Cyclically Adjusted Revenue per Share Calculation

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, General Electric Co's adjusted Revenue per Share data for the three months ended in Sep. 2023 was:

Adj_RevenuePerShare	=	Revenue per Share	/	CPI of Sep. 2023 (Change)	*	Current CPI (Sep. 2023)
	=	15.783	/	129.8595	*	129.8595
	=	15.783

Current CPI (Sep. 2023) = 129.8595.

General Electric Co Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201312	5.001	98.326	6.605
201403	26.357	99.695	34.332
201406	25.260	100.560	32.620
201409	25.180	100.428	32.559
201412	17.852	99.070	23.400
201503	20.739	99.621	27.034
201506	22.403	100.684	28.895
201509	21.908	100.392	28.339
201512	26.715	99.792	34.764
201603	23.733	100.470	30.675
201606	26.423	101.688	33.743
201609	25.766	101.861	32.848
201612	28.933	101.863	36.885
201703	24.406	102.862	30.812
201706	26.573	103.349	33.389
201709	28.093	104.136	35.033
201712	11.648	104.011	14.543
201803	25.564	105.290	31.530
201806	26.819	106.317	32.758
201809	21.537	106.507	26.259
201812	24.418	105.998	29.915
201903	20.355	107.251	24.646
201906	21.470	108.070	25.799
201909	21.407	108.329	25.662
201912	19.425	108.420	23.266
202003	17.821	108.902	21.251
202006	15.365	108.767	18.345
202009	16.921	109.815	20.010
202012	19.136	109.897	22.612
202103	15.533	111.754	18.049
202106	16.609	114.631	18.815
202109	16.805	115.734	18.856
202112	18.440	117.630	20.357
202203	11.522	121.301	12.335
202206	12.855	125.017	13.353
202209	13.216	125.227	13.705
202212	32.281	125.222	33.477
202303	13.204	127.348	13.464
202306	15.208	128.729	15.342
202309	15.783	129.860	15.783

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

General Electric Co (NYSE:GE) 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.

General Electric Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	120.59	/	99.21
	=	1.22

During the past 13 years, the highest Cyclically Adjusted PS Ratio of General Electric Co was 1.64. The lowest was 0.33. 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.

General Electric Co Cyclically Adjusted Revenue per Share Related Terms

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

General Electric Co (NYSE:GE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » General Electric Co (NYSE:GE) » Definitions » Cyclically Adjusted Revenue per Share

Comparable Companies

Traded in Other Exchanges

GE:Mexico GEz:UK GEC:UK GNE:France GCP:Germany GE:Germany GCP:Germany GCP:Germany GE:Chile GE:Switzerland GEOO34:Brazil GE:Argentina

Address

5 Necco Street, Boston, MA, USA, 02210

Website

https://www.ge.com

GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading a multiyear turnaround of the conglomerate based on lean principles.

Executives

Rahul Ghai	officer: Senior Vice President	GENERAL ELECTRIC COMPANY, 5 NECCO STREET, BOSTON MA 02210
Jessica R. Uhl	director	200 WEST STREET, NEW YORK NY 10282
Darren W Mcdew	director	100 ABBOTT PARK ROAD, ABBOTT PARK IL 60064
Thomas S Timko	officer: Vice President	300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
L Kevin Cox	officer: Senior Vice President	THE PEPSI BOTTLING GROUP, INC., ONE PEPSI WAY, SOMERS NY 10589
Russell Stokes	officer: Senior Vice President	ONE FINANCIAL CENTER, SUITE 3700, BOSTON MA 02111
Scott Strazik	officer: Senior Vice President	ONE FINANCIAL CENTER, SUITE 3700, BOSTON MA 02111
Michael J Holston	officer: Senior Vice President	GENERAL ELECTRIC COMPANY, ONE FINANCIAL CENTER, SUITE 3700, BOSTON MA 02111
Happe Carolina Dybeck	officer: Senior Vice President	5 NECCO STREET, BOSTON MA 02210
John S. Slattery	officer: Executive Vice President	5 NECCO STREET, BOSTON MA 02210
Thomas W Horton	director	4333 AMON CARTER BLVD., FORTH WORTH TX 76155
Isabella D Goren	director	C/O LYONDELLBASELL INDUSTRIES N V, DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Francisco Dsouza	director	500 GLENPOINTE CENTRE W, TEANECK NJ 07666
Risa J Lavizzo-mourey	director	GE HEALTHCARE TECHNOLOGIES INC., 500 W. MONROE ST., CHICAGO IL 60661
Paula Rosput Reynolds	director	605 HILLSIDE DRIVE EAST, SEATTLE WA 98112