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Aecon Group (TSX:ARE) Cyclically Adjusted Revenue per Share : C$53.48 (As of Mar. 2024)


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What is Aecon Group 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.

Aecon Group's adjusted revenue per share for the three months ended in Mar. 2024 was C$12.702. 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 C$53.48 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Aecon Group's average Cyclically Adjusted Revenue Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 3.50% 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 Aecon Group was 7.60% per year. The lowest was -5.20% per year. And the median was 2.20% per year.

As of today (2024-04-27), Aecon Group's current stock price is C$17.05. Aecon Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$53.48. Aecon Group's Cyclically Adjusted PS Ratio of today is 0.32.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Aecon Group was 0.52. The lowest was 0.17. And the median was 0.39.


Aecon Group Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Aecon Group'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.

Aecon Group Cyclically Adjusted Revenue per Share Chart

Aecon Group 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 41.72 42.53 46.09 50.35 52.91

Aecon Group 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 51.51 52.46 52.89 52.91 53.48

Competitive Comparison of Aecon Group's Cyclically Adjusted Revenue per Share

For the Engineering & Construction subindustry, Aecon Group'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.


Aecon Group's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Aecon Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Aecon Group 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, Aecon Group'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)
=12.702/125.4675*125.4675
=12.702

Current CPI (Mar. 2024) = 125.4675.

Aecon Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 7.079 99.473 8.929
201409 10.089 99.394 12.736
201412 7.890 98.367 10.064
201503 6.099 99.789 7.668
201506 8.604 100.500 10.741
201509 10.545 100.421 13.175
201512 12.077 99.947 15.161
201603 9.409 101.054 11.682
201606 11.626 102.002 14.301
201609 11.734 101.765 14.467
201612 11.647 101.449 14.405
201703 9.213 102.634 11.263
201706 9.293 103.029 11.317
201709 10.361 103.345 12.579
201712 9.851 103.345 11.960
201803 7.504 105.004 8.966
201806 10.085 105.557 11.987
201809 13.681 105.636 16.249
201812 12.821 105.399 15.262
201903 8.721 106.979 10.228
201906 11.655 107.690 13.579
201909 13.839 107.611 16.135
201912 12.633 107.769 14.708
202003 9.835 107.927 11.433
202006 10.190 108.401 11.794
202009 13.547 108.164 15.714
202012 14.482 108.559 16.738
202103 10.096 110.298 11.485
202106 13.045 111.720 14.650
202109 15.823 112.905 17.584
202112 14.906 113.774 16.438
202203 12.876 117.646 13.732
202206 14.396 120.806 14.952
202209 16.063 120.648 16.705
202212 15.651 120.964 16.234
202303 13.412 122.702 13.714
202306 14.380 124.203 14.526
202309 14.839 125.230 14.867
202312 14.001 125.468 14.001
202403 12.702 125.468 12.702

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


Aecon Group  (TSX:ARE) 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.

Aecon Group's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=17.05/53.48
=0.32

* 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 Aecon Group was 0.52. The lowest was 0.17. And the median was 0.39.


Be Aware

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


Aecon Group Cyclically Adjusted Revenue per Share Related Terms

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


Aecon Group (TSX:ARE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Aecon Group Inc (TSX:ARE) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
20 Carlson Court, Suite 105, Toronto, ON, CAN, M9W 7K6
Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. The company generates the majority of its revenue from the Construction segment.
Executives
Martina Doyle Senior Officer