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McKesson (BSP:M1CK34) Cyclically Adjusted Revenue per Share : R$1,921.51 (As of Mar. 2024)


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What is McKesson 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.

McKesson's adjusted revenue per share for the three months ended in Mar. 2024 was R$721.778. 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$1,921.51 for the trailing ten years ended in Mar. 2024.

During the past 12 months, McKesson's average Cyclically Adjusted Revenue Growth Rate was 15.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 17.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 16.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 13.60% 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 McKesson was 17.30% per year. The lowest was 3.40% per year. And the median was 10.70% per year.

As of today (2024-05-26), McKesson's current stock price is R$723.49. McKesson's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$1,921.51. McKesson's Cyclically Adjusted PS Ratio of today is 0.38.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of McKesson was 0.51. The lowest was 0.15. And the median was 0.27.


McKesson Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for McKesson'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.

McKesson Cyclically Adjusted Revenue per Share Chart

McKesson Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,110.75 1,280.19 1,398.92 1,724.20 1,921.51

McKesson 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 1,724.20 1,609.03 1,825.06 1,739.29 1,921.51

Competitive Comparison of McKesson's Cyclically Adjusted Revenue per Share

For the Medical Distribution subindustry, McKesson'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.


McKesson's Cyclically Adjusted PS Ratio Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, McKesson's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



McKesson 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, McKesson'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)
=721.778/131.7762*131.7762
=721.778

Current CPI (Mar. 2024) = 131.7762.

McKesson Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 103.417 100.560 135.521
201409 109.832 100.428 144.116
201412 130.091 99.070 173.039
201503 150.136 99.621 198.596
201506 157.392 100.684 205.996
201509 202.472 100.392 265.769
201512 200.309 99.792 264.509
201603 187.625 100.470 246.087
201606 186.684 101.688 241.921
201609 178.202 101.861 230.538
201612 189.342 101.863 244.945
201703 177.979 102.862 228.008
201706 197.457 103.349 251.769
201709 194.144 104.136 245.675
201712 212.341 104.011 269.024
201803 205.447 105.290 257.129
201806 245.521 106.317 304.315
201809 273.956 106.507 338.954
201812 279.844 105.998 347.901
201903 261.920 107.251 321.815
201906 284.220 108.070 346.568
201909 324.247 108.329 394.427
201912 337.885 108.420 410.673
202003 403.746 108.902 488.553
202006 442.532 108.767 536.146
202009 503.007 109.815 603.601
202012 504.785 109.897 605.283
202103 524.671 111.754 618.671
202106 498.349 114.631 572.884
202109 563.952 115.734 642.121
202112 639.850 117.630 716.801
202203 551.930 121.301 599.593
202206 580.831 125.017 612.235
202209 638.229 125.227 671.610
202212 655.582 125.222 689.897
202303 651.642 127.348 674.302
202306 661.636 128.729 677.299
202309 707.236 129.860 717.675
202312 743.406 129.419 756.944
202403 721.778 131.776 721.778

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


McKesson  (BSP:M1CK34) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=723.49/1921.51
=0.38

* 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 McKesson was 0.51. The lowest was 0.15. And the median was 0.27.


Be Aware

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


McKesson Cyclically Adjusted Revenue per Share Related Terms

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


McKesson (BSP:M1CK34) Business Description

Industry
Traded in Other Exchanges
Address
6555 State Highway 161, Irving, TX, USA, 75039
McKesson Corp is one of three leading pharmaceutical wholesalers in the U.S. engaged in sourcing and distributing branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers. Along with Cencora and Cardinal Health, the three account for over 90% of the U.S. pharmaceutical wholesale industry. Outside the U.S. market, McKesson engages in pharmaceutical wholesale and distribution in Canada. Additionally, the company supplies medical-surgical products and equipment to healthcare facilities and provides a variety of technology solutions for pharmacies.

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