GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » D.R. Horton Inc (BSP:D1HI34) » Definitions » Cyclically Adjusted Revenue per Share

D.R. Horton (BSP:D1HI34) Cyclically Adjusted Revenue per Share : R$324.09 (As of Mar. 2024)


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

What is D.R. Horton 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.

D.R. Horton's adjusted revenue per share for the three months ended in Mar. 2024 was R$136.070. 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$324.09 for the trailing ten years ended in Mar. 2024.

During the past 12 months, D.R. Horton's average Cyclically Adjusted Revenue Growth Rate was 18.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 24.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 21.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 8.80% 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 D.R. Horton was 24.10% per year. The lowest was -7.30% per year. And the median was 6.30% per year.

As of today (2024-05-26), D.R. Horton's current stock price is R$771.50. D.R. Horton's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$324.09. D.R. Horton's Cyclically Adjusted PS Ratio of today is 2.38.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of D.R. Horton was 2.90. The lowest was 0.63. And the median was 1.64.


D.R. Horton Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for D.R. Horton'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.

D.R. Horton Cyclically Adjusted Revenue per Share Chart

D.R. Horton Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 177.14 222.66 291.95 339.33

D.R. Horton 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 282.04 266.05 339.33 308.41 324.09

Competitive Comparison of D.R. Horton's Cyclically Adjusted Revenue per Share

For the Residential Construction subindustry, D.R. Horton'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.


D.R. Horton's Cyclically Adjusted PS Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, D.R. Horton's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



D.R. Horton 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, D.R. Horton'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)
=136.07/131.7762*131.7762
=136.070

Current CPI (Mar. 2024) = 131.7762.

D.R. Horton Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 13.052 100.560 17.104
201409 15.716 100.428 20.622
201412 16.526 99.070 21.982
201503 20.393 99.621 26.975
201506 24.796 100.684 32.453
201509 33.349 100.392 43.775
201512 25.107 99.792 33.154
201603 27.390 100.470 35.925
201606 29.434 101.688 38.143
201609 32.266 101.861 41.742
201612 25.810 101.863 33.389
201703 26.837 102.862 34.381
201706 32.801 103.349 41.823
201709 34.276 104.136 43.374
201712 28.612 104.011 36.250
201803 32.412 105.290 40.566
201806 43.624 106.317 54.071
201809 48.355 106.507 59.828
201812 35.953 105.998 44.697
201903 41.983 107.251 51.584
201906 50.192 108.070 61.202
201909 55.354 108.329 67.335
201912 44.196 108.420 53.717
202003 59.411 108.902 71.890
202006 76.055 108.767 92.144
202009 93.511 109.815 112.212
202012 82.502 109.897 98.927
202103 98.935 111.754 116.660
202106 100.634 114.631 115.685
202109 118.290 115.734 134.686
202112 110.764 117.630 124.085
202203 111.721 121.301 121.369
202206 125.629 125.017 132.422
202209 144.539 125.227 152.099
202212 109.744 125.222 115.488
202303 120.405 127.348 124.592
202306 137.906 128.729 141.171
202309 152.982 129.860 155.240
202312 112.767 129.419 114.821
202403 136.070 131.776 136.070

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


D.R. Horton  (BSP:D1HI34) 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.

D.R. Horton's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=771.50/324.09
=2.38

* 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 D.R. Horton was 2.90. The lowest was 0.63. And the median was 1.64.


Be Aware

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


D.R. Horton Cyclically Adjusted Revenue per Share Related Terms

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


D.R. Horton (BSP:D1HI34) Business Description

Traded in Other Exchanges
Address
1341 Horton Circle, Arlington, TX, USA, 76011
D.R. Horton is a leading homebuilder in the United States with operations in 118 markets across 33 states. D.R. Horton mainly builds single-family detached homes (over 90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States.

D.R. Horton (BSP:D1HI34) Headlines

No Headlines