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Britannia Industries (BOM:500825) Cyclically Adjusted Revenue per Share : ₹602.09 (As of Mar. 2024)


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What is Britannia Industries 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.

Britannia Industries's adjusted revenue per share for the three months ended in Mar. 2024 was ₹166.444. 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 ₹602.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Britannia Industries's average Cyclically Adjusted Revenue Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.40% 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 Britannia Industries was 8.40% per year. The lowest was 8.40% per year. And the median was 8.40% per year.

As of today (2024-05-26), Britannia Industries's current stock price is ₹5243.40. Britannia Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹602.09. Britannia Industries's Cyclically Adjusted PS Ratio of today is 8.71.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Britannia Industries was 9.10. The lowest was 6.16. And the median was 7.73.


Britannia Industries Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Britannia Industries'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.

Britannia Industries Cyclically Adjusted Revenue per Share Chart

Britannia Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 472.15 506.45 557.61 602.09

Britannia Industries 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 557.61 576.12 586.83 597.43 602.09

Competitive Comparison of Britannia Industries's Cyclically Adjusted Revenue per Share

For the Packaged Foods subindustry, Britannia Industries'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.


Britannia Industries's Cyclically Adjusted PS Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Britannia Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Britannia Industries 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, Britannia Industries'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)
=166.444/153.0345*153.0345
=166.444

Current CPI (Mar. 2024) = 153.0345.

Britannia Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 73.925 94.103 120.221
201409 81.520 96.780 128.904
201412 83.965 96.780 132.770
201503 84.689 97.163 133.388
201506 81.240 99.841 124.524
201509 88.668 101.753 133.355
201512 89.364 102.901 132.902
201603 88.028 102.518 131.404
201606 87.727 105.961 126.700
201609 98.310 105.961 141.984
201612 94.366 105.196 137.279
201703 92.892 105.196 135.135
201706 92.709 107.109 132.461
201709 105.571 109.021 148.191
201712 106.466 109.404 148.925
201803 104.451 109.786 145.597
201806 105.212 111.317 144.642
201809 118.727 115.142 157.799
201812 117.632 115.142 156.344
201903 114.941 118.202 148.812
201906 111.346 120.880 140.965
201909 125.786 123.175 156.278
201912 122.047 126.235 147.957
202003 116.698 124.705 143.208
202006 140.725 127.000 169.573
202009 139.257 130.118 163.783
202012 128.946 130.889 150.763
202103 126.076 131.771 146.421
202106 139.137 134.084 158.801
202109 147.523 135.847 166.188
202112 146.581 138.161 162.361
202203 145.694 138.822 160.610
202206 151.700 142.347 163.089
202209 180.088 144.661 190.512
202212 170.282 145.763 178.777
202303 161.559 146.865 168.346
202306 164.850 150.280 167.871
202309 181.561 151.492 183.410
202312 174.110 152.924 174.235
202403 166.444 153.035 166.444

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


Britannia Industries  (BOM:500825) 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.

Britannia Industries's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=5243.40/602.09
=8.71

* 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 Britannia Industries was 9.10. The lowest was 6.16. And the median was 7.73.


Be Aware

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


Britannia Industries Cyclically Adjusted Revenue per Share Related Terms

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


Britannia Industries (BOM:500825) Business Description

Traded in Other Exchanges
Address
Whitefield Main Road, The Business Precinct, Tower C, 16th & 17th Floor, Prestige Shantiniketan, Mahadevapura Post, Bengaluru, KA, IND, 560048
Britannia Industries Ltd is an Indian packaged-food company. Its main product categories are: biscuits, breads, dairy, cakes, and rusks. The biscuits product line offers sweet biscuits under the GoodDay brand, crackers under the 5050 brands, nutritional and digestive biscuits under the NutriChoice brand, and other products. The bread products segment offers whole-wheat breads, white sandwich breads, and bread assortments. The dairy product line sells cheese, milk, and yogurt under the Britannia brand. The cake segment offers bar cakes, muffins, and many more.

Britannia Industries (BOM:500825) Headlines

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