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Kinder Morgan (BSP:KMIC34) Cyclically Adjusted Revenue per Share : R$43.18 (As of Mar. 2024)


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What is Kinder Morgan 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.

Kinder Morgan's adjusted revenue per share for the three months ended in Mar. 2024 was R$8.618. 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$43.18 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Kinder Morgan's average Cyclically Adjusted Revenue Growth Rate was -9.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -0.80% 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 Kinder Morgan was -0.80% per year. The lowest was -10.00% per year. And the median was -5.40% per year.

As of today (2024-06-07), Kinder Morgan's current stock price is R$101.58. Kinder Morgan's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$43.18. Kinder Morgan's Cyclically Adjusted PS Ratio of today is 2.35.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Kinder Morgan was 2.31. The lowest was 0.95. And the median was 1.78.


Kinder Morgan Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Kinder Morgan'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.

Kinder Morgan Cyclically Adjusted Revenue per Share Chart

Kinder Morgan 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 51.45 46.11 52.79 50.19 42.34

Kinder Morgan 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 47.70 45.03 44.76 42.34 43.18

Competitive Comparison of Kinder Morgan's Cyclically Adjusted Revenue per Share

For the Oil & Gas Midstream subindustry, Kinder Morgan'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.


Kinder Morgan's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kinder Morgan's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Kinder Morgan 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, Kinder Morgan'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)
=8.618/131.7762*131.7762
=8.618

Current CPI (Mar. 2024) = 131.7762.

Kinder Morgan Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 8.563 100.560 11.221
201409 9.759 100.428 12.805
201412 7.130 99.070 9.484
201503 5.253 99.621 6.949
201506 4.927 100.684 6.449
201509 6.568 100.392 8.621
201512 6.330 99.792 8.359
201603 5.301 100.470 6.953
201606 4.829 101.688 6.258
201609 4.858 101.861 6.285
201612 5.090 101.863 6.585
201703 4.802 102.862 6.152
201706 4.977 103.349 6.346
201709 4.607 104.136 5.830
201712 5.367 104.011 6.800
201803 5.078 105.290 6.355
201806 5.865 106.317 7.269
201809 6.553 106.507 8.108
201812 6.529 105.998 8.117
201903 5.822 107.251 7.153
201906 5.478 108.070 6.680
201909 5.848 108.329 7.114
201912 6.069 108.420 7.376
202003 6.703 108.902 8.111
202006 5.875 108.767 7.118
202009 6.965 109.815 8.358
202012 7.082 109.897 8.492
202103 12.970 111.754 15.294
202106 6.993 114.631 8.039
202109 8.905 115.734 10.139
202112 11.028 117.630 12.354
202203 9.424 121.301 10.238
202206 11.479 125.017 12.100
202209 12.049 125.227 12.679
202212 10.694 125.222 11.254
202303 9.012 127.348 9.325
202306 7.596 128.729 7.776
202309 8.653 129.860 8.781
202312 8.904 129.419 9.066
202403 8.618 131.776 8.618

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


Kinder Morgan  (BSP:KMIC34) 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.

Kinder Morgan's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=101.58/43.18
=2.35

* 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 Kinder Morgan was 2.31. The lowest was 0.95. And the median was 1.78.


Be Aware

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


Kinder Morgan Cyclically Adjusted Revenue per Share Related Terms

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


Kinder Morgan (BSP:KMIC34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kinder Morgan Inc (BSP:KMIC34) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
1001 Louisiana Street, Suite 1000, Houston, TX, USA, 77002
Kinder Morgan is one of the largest midstream energy firms in North America, with an interest in or an operator on about 83,000 miles in pipelines and 140 storage terminals. The company is active in the transportation, storage, and processing of natural gas, crude oil, refined products, natural gas liquids, and carbon dioxide. The majority of Kinder Morgan's cash flows stem from fee-based contracts for handling, moving, and storing fossil fuel products.

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