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Terna SpA (CHIX:TRNM) Cyclically Adjusted Revenue per Share : €1.37 (As of Mar. 2024)


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What is Terna SpA 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.

Terna SpA's adjusted revenue per share for the three months ended in Mar. 2024 was €0.428. 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 €1.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Terna SpA's average Cyclically Adjusted Revenue Growth Rate was 5.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.40% 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 Terna SpA was 9.20% per year. The lowest was 3.80% per year. And the median was 6.95% per year.

As of today (2024-06-02), Terna SpA's current stock price is €7.608. Terna SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €1.37. Terna SpA's Cyclically Adjusted PS Ratio of today is 5.55.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Terna SpA was 7.11. The lowest was 4.67. And the median was 5.76.


Terna SpA Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Terna SpA'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.

Terna SpA Cyclically Adjusted Revenue per Share Chart

Terna SpA 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 1.00 1.03 1.07 1.32 1.36

Terna SpA 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 1.31 1.31 1.33 1.36 1.37

Competitive Comparison of Terna SpA's Cyclically Adjusted Revenue per Share

For the Utilities - Regulated Electric subindustry, Terna SpA'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.


Terna SpA's Cyclically Adjusted PS Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Terna SpA's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Terna SpA 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, Terna SpA'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)
=0.428/120.2000*120.2000
=0.428

Current CPI (Mar. 2024) = 120.2000.

Terna SpA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.234 100.093 0.281
201409 0.228 99.814 0.275
201412 0.288 99.721 0.347
201503 0.238 99.814 0.287
201506 0.244 100.279 0.292
201509 0.228 100.000 0.274
201512 0.321 99.814 0.387
201603 0.230 99.600 0.278
201606 0.272 99.900 0.327
201609 0.254 100.100 0.305
201612 0.240 100.300 0.288
201703 0.261 101.000 0.311
201706 0.249 101.100 0.296
201709 0.261 101.200 0.310
201712 0.305 101.200 0.362
201803 0.260 101.800 0.307
201806 0.286 102.400 0.336
201809 0.270 102.600 0.316
201812 0.337 102.300 0.396
201903 0.267 102.800 0.312
201906 0.285 103.100 0.332
201909 0.282 102.900 0.329
201912 0.314 102.800 0.367
202003 0.282 102.900 0.329
202006 0.297 102.900 0.347
202009 0.297 102.300 0.349
202012 0.298 102.600 0.349
202103 0.307 103.700 0.356
202106 0.303 104.200 0.350
202109 0.316 104.900 0.362
202112 0.327 106.600 0.369
202203 0.321 110.400 0.349
202206 0.326 112.500 0.348
202209 0.330 114.200 0.347
202212 0.454 119.000 0.459
202303 0.355 118.800 0.359
202306 0.370 119.700 0.372
202309 0.380 120.300 0.380
202312 0.439 119.700 0.441
202403 0.428 120.200 0.428

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


Terna SpA  (CHIX:TRNm) 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.

Terna SpA's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=7.608/1.37
=5.55

* 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 Terna SpA was 7.11. The lowest was 4.67. And the median was 5.76.


Be Aware

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


Terna SpA Cyclically Adjusted Revenue per Share Related Terms

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


Terna SpA (CHIX:TRNM) Business Description

Industry
Traded in Other Exchanges
Address
Viale Egidio Galbani, 70, Rome, ITA, 00156
Terna SpA is an electricity transmission system operator that owns virtually all of the Italian National Transmission Grid. With a monopoly under an Italian government license, Terna transmits and dispatches electricity throughout the country. It is also responsible for the planning, construction, and maintenance of the nation's electrical grid. Terna segments its operations into its Regulated Activities, Non-Regulated Activities, and International Activities. The company generates the vast majority of its revenue from charging transmission fees as a part of its Regulated Activities. Under its Non-Regulated Activities, Terna mainly produces and sells electricity transformers. The company has also made efforts to expand its operations into Italy's neighboring countries and North Africa.

Terna SpA (CHIX:TRNM) Headlines

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