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Automatic Data Processing (BSP:ADPR34) Cyclically Adjusted Revenue per Share : R$8.09 (As of Mar. 2024)


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What is Automatic Data Processing 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.

Automatic Data Processing's adjusted revenue per share for the three months ended in Mar. 2024 was R$2.645. 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 R$8.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Automatic Data Processing's average Cyclically Adjusted Revenue Growth Rate was 9.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 8.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 7.30% 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 Automatic Data Processing was 12.50% per year. The lowest was 5.10% per year. And the median was 7.50% per year.

As of today (2024-05-28), Automatic Data Processing's current stock price is R$53.65. Automatic Data Processing's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$8.09. Automatic Data Processing's Cyclically Adjusted PS Ratio of today is 6.63.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Automatic Data Processing was 7.97. The lowest was 3.31. And the median was 5.41.


Automatic Data Processing Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Automatic Data Processing'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.

Automatic Data Processing Cyclically Adjusted Revenue per Share Chart

Automatic Data Processing Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.21 6.01 6.23 7.23 7.32

Automatic Data Processing 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 7.39 7.32 7.80 7.57 8.09

Competitive Comparison of Automatic Data Processing's Cyclically Adjusted Revenue per Share

For the Staffing & Employment Services subindustry, Automatic Data Processing'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.


Automatic Data Processing's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Automatic Data Processing's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Automatic Data Processing's Cyclically Adjusted PS Ratio falls into.



Automatic Data Processing 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, Automatic Data Processing'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)
=2.645/131.7762*131.7762
=2.645

Current CPI (Mar. 2024) = 131.7762.

Automatic Data Processing Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.492 100.560 0.645
201409 0.519 100.428 0.681
201412 0.608 99.070 0.809
201503 0.835 99.621 1.105
201506 0.746 100.684 0.976
201509 0.948 100.392 1.244
201512 0.986 99.792 1.302
201603 1.096 100.470 1.438
201606 0.909 101.688 1.178
201609 0.868 101.861 1.123
201612 0.927 101.863 1.199
201703 0.989 102.862 1.267
201706 0.938 103.349 1.196
201709 0.903 104.136 1.143
201712 1.002 104.011 1.269
201803 1.139 105.290 1.426
201806 1.163 106.317 1.442
201809 1.288 106.507 1.594
201812 1.290 105.998 1.604
201903 1.403 107.251 1.724
201906 1.282 108.070 1.563
201909 1.378 108.329 1.676
201912 1.448 108.420 1.760
202003 1.909 108.902 2.310
202006 1.697 108.767 2.056
202009 1.816 109.815 2.179
202012 1.847 109.897 2.215
202103 2.252 111.754 2.655
202106 1.839 114.631 2.114
202109 1.989 115.734 2.265
202112 2.248 117.630 2.518
202203 2.227 121.301 2.419
202206 2.075 125.017 2.187
202209 2.209 125.227 2.325
202212 2.306 125.222 2.427
202303 2.574 127.348 2.664
202306 2.186 128.729 2.238
202309 2.245 129.860 2.278
202312 2.310 129.419 2.352
202403 2.645 131.776 2.645

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


Automatic Data Processing  (BSP:ADPR34) 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.

Automatic Data Processing's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=53.65/8.09
=6.63

* 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 Automatic Data Processing was 7.97. The lowest was 3.31. And the median was 5.41.


Be Aware

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


Automatic Data Processing Cyclically Adjusted Revenue per Share Related Terms

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


Automatic Data Processing (BSP:ADPR34) Business Description

Address
One ADP Boulevard, Roseland, NJ, USA, 07068
ADP is a provider of payroll and human capital management solutions servicing the full scope of businesses from micro to global enterprises. ADP was established in 1949 and serves over 1 million clients primarily in the United States. ADP's employer services segment offers payroll, human capital management solutions, human resources outsourcing, insurance and retirement services. The smaller but faster-growing professional employer organization segment provides HR outsourcing solutions to small and midsize businesses through a co-employment model.

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