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New Oriental Education & Technology Group (BSP:E1DU34) Cyclically Adjusted Revenue per Share : R$5.97 (As of Feb. 2024)


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What is New Oriental Education & Technology Group 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.

New Oriental Education & Technology Group's adjusted revenue per share for the three months ended in Feb. 2024 was R$2.388. 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$5.97 for the trailing ten years ended in Feb. 2024.

During the past 12 months, New Oriental Education & Technology Group's average Cyclically Adjusted Revenue Growth Rate was 10.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 17.50% 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 New Oriental Education & Technology Group was 24.40% per year. The lowest was 12.70% per year. And the median was 21.55% per year.

As of today (2024-05-23), New Oriental Education & Technology Group's current stock price is R$27.87. New Oriental Education & Technology Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was R$5.97. New Oriental Education & Technology Group's Cyclically Adjusted PS Ratio of today is 4.67.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of New Oriental Education & Technology Group was 15.80. The lowest was 0.67. And the median was 8.48.


New Oriental Education & Technology Group Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for New Oriental Education & Technology Group'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.

New Oriental Education & Technology Group Cyclically Adjusted Revenue per Share Chart

New Oriental Education & Technology Group Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 4.93 4.91 5.48

New Oriental Education & Technology Group 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 5.65 5.48 5.50 5.65 5.97

Competitive Comparison of New Oriental Education & Technology Group's Cyclically Adjusted Revenue per Share

For the Education & Training Services subindustry, New Oriental Education & Technology Group'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.


New Oriental Education & Technology Group's Cyclically Adjusted PS Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, New Oriental Education & Technology Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where New Oriental Education & Technology Group's Cyclically Adjusted PS Ratio falls into.



New Oriental Education & Technology Group 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, New Oriental Education & Technology Group'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)
=2.388/116.2310*116.2310
=2.388

Current CPI (Feb. 2024) = 116.2310.

New Oriental Education & Technology Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 0.269 98.300 0.318
201408 0.376 98.400 0.444
201411 0.255 98.600 0.301
201502 0.344 100.500 0.398
201505 0.428 99.500 0.500
201508 0.684 100.400 0.792
201511 0.446 100.100 0.518
201602 0.581 102.700 0.658
201605 0.592 101.600 0.677
201608 0.724 101.700 0.827
201611 0.481 102.400 0.546
201702 0.574 103.500 0.645
201705 0.657 103.300 0.739
201708 0.877 103.500 0.985
201711 0.642 104.200 0.716
201802 0.845 106.500 0.922
201805 1.068 104.900 1.183
201808 1.416 105.900 1.554
201811 0.948 106.400 1.036
201902 1.245 108.100 1.339
201905 1.410 107.800 1.520
201908 1.800 108.900 1.921
201911 1.365 111.200 1.427
202002 1.677 113.700 1.714
202005 1.881 110.400 1.980
202008 2.251 111.500 2.347
202011 1.991 110.700 2.090
202102 2.534 113.219 2.601
202105 2.517 112.215 2.607
202108 2.701 112.215 2.798
202111 1.440 113.442 1.475
202202 1.254 114.335 1.275
202205 1.021 114.558 1.036
202208 1.499 115.004 1.515
202211 1.326 115.227 1.338
202302 1.549 115.450 1.559
202305 1.713 114.781 1.735
202308 2.158 115.116 2.179
202311 1.701 114.669 1.724
202402 2.388 116.231 2.388

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


New Oriental Education & Technology Group  (BSP:E1DU34) 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.

New Oriental Education & Technology Group's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=27.87/5.97
=4.67

* 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 New Oriental Education & Technology Group was 15.80. The lowest was 0.67. And the median was 8.48.


Be Aware

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


New Oriental Education & Technology Group Cyclically Adjusted Revenue per Share Related Terms

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


New Oriental Education & Technology Group (BSP:E1DU34) Business Description

Address
No. 6 Hai Dian Zhong Street, Haidian District, Beijing, CHN, 100080
New Oriental is a leading private education provider in China. K-9 academic after-school tutoring used to account for 50%-60% of New Oriental's revenue before the regulatory crackdown in 2021. After terminating its K-9 academic after-school tutoring business, New Oriental has identified a few new initiatives such as nonacademic tutoring and intelligent learning systems and devices. The remaining businesses include high school academic after-school tutoring and overseas-related test preparation and consulting business. It also owns 55.7% of East Buy (HKG: 01797), a market leader in livestreaming e-commerce.

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