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Gerdau (BSP:GGBR4) Cyclically Adjusted Revenue per Share : R$30.89 (As of Mar. 2024)


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What is Gerdau 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.

Gerdau's adjusted revenue per share for the three months ended in Mar. 2024 was R$6.400. 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$30.89 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Gerdau's average Cyclically Adjusted Revenue Growth Rate was 2.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 1.30% 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 Gerdau was 9.80% per year. The lowest was -5.10% per year. And the median was 4.60% per year.

As of today (2024-05-26), Gerdau's current stock price is R$18.72. Gerdau's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$30.89. Gerdau's Cyclically Adjusted PS Ratio of today is 0.61.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Gerdau was 1.16. The lowest was 0.09. And the median was 0.51.


Gerdau Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Gerdau'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.

Gerdau Cyclically Adjusted Revenue per Share Chart

Gerdau Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.32 24.42 27.26 29.52 30.68

Gerdau 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 30.11 30.38 30.50 30.68 30.89

Competitive Comparison of Gerdau's Cyclically Adjusted Revenue per Share

For the Steel subindustry, Gerdau'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.


Gerdau's Cyclically Adjusted PS Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Gerdau's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Gerdau 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, Gerdau'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)
=6.4/159.3724*159.3724
=6.400

Current CPI (Mar. 2024) = 159.3724.

Gerdau Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 4.848 91.838 8.413
201409 4.979 92.602 8.569
201412 5.049 94.194 8.543
201503 4.870 97.799 7.936
201506 5.039 100.006 8.030
201509 5.588 101.392 8.783
201512 4.916 104.247 7.516
201603 4.716 106.979 7.026
201606 4.738 108.851 6.937
201609 4.043 109.986 5.858
201612 4.003 110.802 5.758
201703 3.928 111.869 5.596
201706 4.256 112.115 6.050
201709 4.400 112.777 6.218
201712 4.558 114.068 6.368
201803 4.798 114.868 6.657
201806 5.567 117.038 7.581
201809 5.985 117.881 8.092
201812 4.920 118.340 6.626
201903 4.655 120.124 6.176
201906 4.714 120.977 6.210
201909 4.612 121.292 6.060
201912 6.363 123.436 8.215
202003 4.308 124.092 5.533
202006 4.057 123.557 5.233
202009 5.702 125.095 7.264
202012 6.354 129.012 7.849
202103 7.571 131.660 9.165
202106 8.862 133.871 10.550
202109 7.461 137.913 8.622
202112 10.029 141.992 11.257
202203 9.410 146.537 10.234
202206 10.643 149.784 11.324
202209 9.917 147.800 10.694
202212 9.033 150.207 9.584
202303 7.456 153.352 7.749
202306 8.648 154.519 8.920
202309 8.078 155.464 8.281
202312 6.967 157.148 7.066
202403 6.400 159.372 6.400

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


Gerdau  (BSP:GGBR4) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=18.72/30.89
=0.61

* 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 Gerdau was 1.16. The lowest was 0.09. And the median was 0.51.


Be Aware

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


Gerdau Cyclically Adjusted Revenue per Share Related Terms

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


Gerdau (BSP:GGBR4) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Gerdau SA (BSP:GGBR4) » Definitions » Cyclically Adjusted Revenue per Share
Address
Avenida Dra. Ruth Cardoso, 8,501 - 8th Floor, Sao Paulo, SP, BRA, 05425-070
Gerdau SA produces steel and steel products. The company operates in civil construction, agriculture, automotive, iron ore, exports, research and development, and home steel products sectors. It offers products such as nails, rebar, columns, billets, slabs, tribar tutor, mechanical construction bars, reinforced steel locks. The company's geographical segment includes Brazil Operations; North America Operations; South America Operations as well as Special Steel Operations. It derives most of the revenue from the Brazil Operations segment.

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