Take-Two Interactive Software (NAS:TTWO) Cyclically Adjusted Revenue per Share

: $28.02 (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.

Take-Two Interactive Software's adjusted revenue per share for the three months ended in Sep. 2023 was $7.647. 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 $28.02 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Take-Two Interactive Software's average Cyclically Adjusted Revenue Growth Rate was 11.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 13.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 4.70% 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 Take-Two Interactive Software was 13.20% per year. The lowest was -1.90% per year. And the median was 2.15% per year.

As of today (2023-12-02), Take-Two Interactive Software's current stock price is $157.83. Take-Two Interactive Software's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was $28.02. Take-Two Interactive Software's Cyclically Adjusted PS Ratio of today is 5.63.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Take-Two Interactive Software was 10.94. The lowest was 0.67. And the median was 5.03.

Take-Two Interactive Software Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Take-Two Interactive Software'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.

Take-Two Interactive Software Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cyclically Adjusted Revenue per Share

16.77

18.22

20.03

23.58

26.42

Take-Two Interactive Software 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																25.22	25.57	26.42	27.24	28.02

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, Take-Two Interactive Software'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.

Take-Two Interactive Software Cyclically Adjusted PS Ratio Distribution

For the Interactive Media industry and Communication Services sector, Take-Two Interactive Software's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Take-Two Interactive Software's Cyclically Adjusted PS Ratio falls into.

Take-Two Interactive Software 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, Take-Two Interactive Software'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)
	=	7.647	/	129.8595	*	129.8595
	=	7.647

Current CPI (Sep. 2023) = 129.8595.

Take-Two Interactive Software Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201312	16.670	98.326	22.016
201403	1.882	99.695	2.451
201406	1.580	100.560	2.040
201409	1.571	100.428	2.031
201412	4.959	99.070	6.500
201503	3.701	99.621	4.824
201506	3.324	100.684	4.287
201509	3.043	100.392	3.936
201512	4.965	99.792	6.461
201603	4.509	100.470	5.828
201606	3.683	101.688	4.703
201609	3.647	101.861	4.649
201612	5.269	101.863	6.717
201703	5.247	102.862	6.624
201706	3.552	103.349	4.463
201709	4.053	104.136	5.054
201712	4.087	104.011	5.103
201803	3.830	105.290	4.724
201806	3.345	106.317	4.086
201809	4.244	106.507	5.175
201812	10.883	105.998	13.333
201903	4.645	107.251	5.624
201906	4.752	108.070	5.710
201909	7.520	108.329	9.015
201912	8.141	108.420	9.751
202003	6.641	108.902	7.919
202006	7.232	108.767	8.634
202009	7.288	109.815	8.618
202012	7.414	109.897	8.761
202103	7.232	111.754	8.404
202106	6.945	114.631	7.868
202109	7.348	115.734	8.245
202112	7.740	117.630	8.545
202203	7.962	121.301	8.524
202206	7.960	125.017	8.268
202209	8.349	125.227	8.658
202212	8.380	125.222	8.690
202303	8.608	127.348	8.778
202306	7.495	128.729	7.561
202309	7.647	129.860	7.647

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

Take-Two Interactive Software (NAS:TTWO) 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.

Take-Two Interactive Software's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	157.83	/	28.02
	=	5.63

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Take-Two Interactive Software was 10.94. The lowest was 0.67. And the median was 5.03.

Be Aware

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

Take-Two Interactive Software Cyclically Adjusted Revenue per Share Related Terms

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

Take-Two Interactive Software (NAS:TTWO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Take-Two Interactive Software Inc (NAS:TTWO) » Definitions » Cyclically Adjusted Revenue per Share

Comparable Companies

Traded in Other Exchanges

TTWO:Mexico TKE:Germany TKE:Germany TKE:Germany T1TW34:Brazil TTWO:Austria

Address

110 West 44th Street, New York, NY, USA, 10036

Website

https://www.take2games.com

Found in 1993, Take-Two consists of three wholly owned labels, Rockstar Games, 2K, and Zynga. The firm is one of the world's largest independent video game publishers on consoles, PCs, smartphones, and tablets. Take-Two's franchise portfolio is headlined by "Grand Theft Auto" (345 million units sold) and contains other well-known titles such as "NBA 2K," "Civilization," "Borderlands," "Bioshock," and "Xcom." Zynga mobile titles include "Farmville," "Empires & Puzzles," and "CSR Racing.".

Executives

William B Gordon	director
Ellen F Siminoff	director	555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Roland A Hernandez	director	300 NORTH SAN RAFAEL AVE, PASADENA CA 91105
Paul E Viera	director	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 110 WEST 44TH STREET, NEW YORK NY 10036
Laverne Evans Srinivasan	director	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10012
Daniel P Emerson	officer: General Counsel	622 BROADWAY, NEW YORK NY 10012
Susan Tolson	director	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10019
Benjamim Feder	officer: Chief Executive Officer	C/O ZELNICKMEDIA CORPORATION, 650 5TH AVENUE, NEW YORK NY 10019
Karl Slatoff	officer: Executive Vice President	C/O ZELNICKMEDIA CORPORATION, 19 WEST 44TH STREET, 18TH FLOOR, NEW YORK NY 10036
Brett Icahn	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
James Larry Nelson	director	2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109
Sunghwan Cho	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Strauss Zelnick	director, officer: Executive Chairman	C/O ZELNICKMEDIA, 650 FIFTH AVE 31ST FLOOR, NEW YORK NY 10019
Lainie Goldstein	officer: Chief Financial Officer	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 622 BROADWAY, NEW YORK NY 10012
Seth D Krauss	officer: Exec VP and General Counsel	C/O TAKE-TWO INTERACTIVE SOFTWARE, INC., 222 BROADWAY, NEW YORK NY 10012