GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Carnival Corp (BSP:C1CL34) » Definitions » Cyclically Adjusted Revenue per Share

Carnival (BSP:C1CL34) Cyclically Adjusted Revenue per Share : R$108.15 (As of Feb. 2024)


View and export this data going back to 2019. Start your Free Trial

What is Carnival 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.

Carnival's adjusted revenue per share for the three months ended in Feb. 2024 was R$21.221. 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$108.15 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Carnival's average Cyclically Adjusted Revenue Growth Rate was -0.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -1.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -1.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 2.00% 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 Carnival was 18.30% per year. The lowest was -2.50% per year. And the median was 9.40% per year.

As of today (2024-06-10), Carnival's current stock price is R$89.31. Carnival's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was R$108.15. Carnival's Cyclically Adjusted PS Ratio of today is 0.83.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Carnival was 3.35. The lowest was 0.30. And the median was 2.03.


Carnival Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Carnival'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.

Carnival Cyclically Adjusted Revenue per Share Chart

Carnival Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 123.13 122.91 109.70 107.47

Carnival Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 115.11 111.39 109.53 107.47 108.15

Competitive Comparison of Carnival's Cyclically Adjusted Revenue per Share

For the Travel Services subindustry, Carnival'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.


Carnival's Cyclically Adjusted PS Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Carnival's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Carnival 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, Carnival's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=21.221/130.9299*130.9299
=21.221

Current CPI (Feb. 2024) = 130.9299.

Carnival Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 10.364 100.373 13.519
201408 14.425 100.352 18.820
201411 12.202 99.635 16.035
201502 12.769 99.032 16.882
201505 14.066 100.333 18.356
201508 21.979 100.548 28.620
201511 18.151 100.135 23.733
201602 18.822 100.040 24.634
201605 17.419 101.355 22.502
201608 22.130 101.617 28.514
201611 18.061 101.829 23.222
201702 16.173 102.779 20.603
201705 17.388 103.256 22.048
201708 23.912 103.587 30.224
201711 19.328 104.072 24.316
201802 19.133 105.052 23.846
201805 22.130 106.148 27.297
201808 32.468 106.383 39.960
201811 24.095 106.338 29.667
201902 25.042 106.649 30.743
201905 27.860 108.048 33.760
201908 38.026 108.245 45.995
201911 28.837 108.519 34.792
202002 30.442 109.139 36.520
202005 5.788 108.175 7.005
202008 0.219 109.662 0.261
202011 0.196 109.793 0.234
202102 0.129 110.968 0.152
202105 0.229 113.576 0.264
202108 2.529 115.421 2.869
202111 6.329 117.269 7.066
202202 7.420 119.703 8.116
202205 10.450 123.323 11.095
202208 18.679 124.958 19.572
202211 16.076 125.607 16.757
202302 18.227 126.928 18.802
202305 19.369 128.314 19.764
202308 24.064 129.538 24.323
202311 20.943 129.548 21.166
202402 21.221 130.930 21.221

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


Carnival  (BSP:C1CL34) 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.

Carnival's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=89.31/108.15
=0.83

* 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 Carnival was 3.35. The lowest was 0.30. And the median was 2.03.


Be Aware

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


Carnival Cyclically Adjusted Revenue per Share Related Terms

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


Carnival (BSP:C1CL34) Business Description

Industry
Address
3655 N.W. 87th Avenue, Miami, FL, USA, 33178-2428
Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe; and P&O Cruises in Australia. Carnival also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to COVID-19, a level it has reached again in 2023.

Carnival (BSP:C1CL34) Headlines

No Headlines