ValueCommerce Co (TSE:2491) Cyclically Adjusted Revenue per Share

: 円763.22 (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.

ValueCommerce Co's adjusted revenue per share for the three months ended in Sep. 2023 was 円215.237. 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 円763.22 for the trailing ten years ended in Sep. 2023.

During the past 12 months, ValueCommerce Co's average Cyclically Adjusted Revenue Growth Rate was 11.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 16.40% 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 ValueCommerce Co was 16.40% per year. The lowest was 16.00% per year. And the median was 16.20% per year.

As of today (2023-12-04), ValueCommerce Co's current stock price is 円1448.00. ValueCommerce Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was 円763.22. ValueCommerce Co's Cyclically Adjusted PS Ratio of today is 1.90.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of ValueCommerce Co was 8.96. The lowest was 1.57. And the median was 5.28.

ValueCommerce Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for ValueCommerce 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.

ValueCommerce Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cyclically Adjusted Revenue per Share

386.30

450.91

516.35

603.21

710.81

ValueCommerce 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																685.22	710.81	727.73	745.34	763.22

Competitive Comparison

For the Advertising Agencies subindustry, ValueCommerce 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.

ValueCommerce Co Cyclically Adjusted PS Ratio Distribution

For the Media - Diversified industry and Communication Services sector, ValueCommerce Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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

ValueCommerce 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, ValueCommerce 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)
	=	215.237	/	106.2000	*	106.2000
	=	215.237

Current CPI (Sep. 2023) = 106.2000.

ValueCommerce Co Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201312	93.773	95.600	104.170
201403	96.585	95.700	107.182
201406	90.723	98.000	98.314
201409	102.691	98.500	110.719
201412	110.426	97.900	119.788
201503	118.138	97.900	128.154
201506	124.848	98.400	134.744
201509	124.662	98.500	134.407
201512	133.090	98.100	144.079
201603	136.144	97.900	147.686
201606	139.652	98.100	151.183
201609	120.830	98.000	130.940
201612	131.171	98.400	141.569
201703	124.770	98.100	135.072
201706	123.271	98.500	132.907
201709	131.602	98.800	141.459
201712	144.552	99.400	154.441
201803	144.927	99.200	155.154
201806	153.109	99.200	163.913
201809	156.122	99.900	165.968
201812	188.504	99.700	200.794
201903	194.911	99.700	207.618
201906	185.973	99.800	197.899
201909	185.174	100.100	196.458
201912	228.742	100.500	241.715
202003	236.970	100.300	250.909
202006	212.351	99.900	225.743
202009	205.461	99.900	218.418
202012	247.480	99.300	264.676
202103	250.395	99.900	266.186
202106	248.352	99.500	265.075
202109	251.374	100.100	266.692
202112	287.885	100.100	305.428
202203	295.648	101.100	310.562
202206	269.458	101.800	281.105
202209	260.929	103.100	268.775
202212	278.066	104.100	283.675
202303	237.646	104.400	241.743
202306	219.591	105.200	221.678
202309	215.237	106.200	215.237

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

ValueCommerce Co (TSE:2491) 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.

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

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	1448.00	/	763.22
	=	1.90

During the past 13 years, the highest Cyclically Adjusted PS Ratio of ValueCommerce Co was 8.96. The lowest was 1.57. And the median was 5.28.

Be Aware

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

ValueCommerce Co Cyclically Adjusted Revenue per Share Related Terms

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

ValueCommerce Co (TSE:2491) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » ValueCommerce Co Ltd (TSE:2491) » Definitions » Cyclically Adjusted Revenue per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nihonseimei Akasaka Building 5F, 8-1-19 Akasaka, Minato, Tokyo, JPN, 107-0052

Website

http://www.valuecommerce.co.jp

ValueCommerce Co Ltd is a Japan-based information technology company engaged in the provision of internet advertising delivery services. The company's service portfolio comprises affiliate marketing service, StoreMatch service and Store's R8. The affiliate marketing service provides compensation based on the performances of advertising for e-commerce sites. The StoreMatch Service provides pay-per-click internet advertising for stores listing on online shopping malls. The Store's R8 service is a marketing automation system customized for Yahoo! shopping.

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