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A.O. Smith (FRA:3SM) Cyclically Adjusted Revenue per Share : €20.42 (As of Mar. 2024)


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What is A.O. Smith 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.

A.O. Smith's adjusted revenue per share for the three months ended in Mar. 2024 was €6.072. 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 €20.42 for the trailing ten years ended in Mar. 2024.

During the past 12 months, A.O. Smith's average Cyclically Adjusted Revenue Growth Rate was 8.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.20% 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 A.O. Smith was 13.40% per year. The lowest was -5.10% per year. And the median was 3.30% per year.

As of today (2024-05-22), A.O. Smith's current stock price is €78.84. A.O. Smith's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €20.42. A.O. Smith's Cyclically Adjusted PS Ratio of today is 3.86.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of A.O. Smith was 4.88. The lowest was 1.44. And the median was 3.35.


A.O. Smith Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for A.O. Smith'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.

A.O. Smith Cyclically Adjusted Revenue per Share Chart

A.O. Smith 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 12.90 12.52 15.48 18.65 19.47

A.O. Smith 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 18.64 19.27 20.41 19.47 20.42

Competitive Comparison of A.O. Smith's Cyclically Adjusted Revenue per Share

For the Specialty Industrial Machinery subindustry, A.O. Smith'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.


A.O. Smith's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, A.O. Smith's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



A.O. Smith 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, A.O. Smith'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)
=6.072/131.7762*131.7762
=6.072

Current CPI (Mar. 2024) = 131.7762.

A.O. Smith Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.404 100.560 3.150
201409 2.491 100.428 3.269
201412 2.817 99.070 3.747
201503 3.169 99.621 4.192
201506 3.241 100.684 4.242
201509 3.116 100.392 4.090
201512 3.310 99.792 4.371
201603 3.217 100.470 4.219
201606 3.354 101.688 4.346
201609 3.451 101.861 4.465
201612 3.761 101.863 4.865
201703 3.944 102.862 5.053
201706 3.757 103.349 4.790
201709 3.609 104.136 4.567
201712 3.738 104.011 4.736
201803 3.687 105.290 4.615
201806 4.130 106.317 5.119
201809 3.755 106.507 4.646
201812 4.186 105.998 5.204
201903 3.916 107.251 4.811
201906 4.030 108.070 4.914
201909 3.994 108.329 4.858
201912 4.117 108.420 5.004
202003 3.538 108.902 4.281
202006 3.635 108.767 4.404
202009 3.971 109.815 4.765
202012 4.212 109.897 5.051
202103 3.968 111.754 4.679
202106 4.412 114.631 5.072
202109 4.840 115.734 5.511
202112 5.501 117.630 6.163
202203 5.607 121.301 6.091
202206 5.834 125.017 6.149
202209 5.694 125.227 5.992
202212 5.771 125.222 6.073
202303 5.942 127.348 6.149
202306 5.852 128.729 5.991
202309 5.809 129.860 5.895
202312 6.064 129.419 6.174
202403 6.072 131.776 6.072

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


A.O. Smith  (FRA:3SM) 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.

A.O. Smith's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=78.84/20.42
=3.86

* 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 A.O. Smith was 4.88. The lowest was 1.44. And the median was 3.35.


Be Aware

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


A.O. Smith Cyclically Adjusted Revenue per Share Related Terms

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


A.O. Smith (FRA:3SM) Business Description

Industry
Traded in Other Exchanges
Address
11270 West Park Place, P. O. Box 245008, Suite 170, Milwaukee, WI, USA, 53224-9508
A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters. Supplementary products include water heating equipment, condensing and noncondensing boilers, and water system tanks. The company's two operating segments are by geographic region: North America (majority of total revenue) and the Rest of the World. A material portion of sales in North America derive from replacing existing products, and the company utilizes a wholesale distribution channel and multiple selling locations. The Rest of the World segment sells majorly in Asian countries and operates sales offices to expand distribution and market its product portfolio.

A.O. Smith (FRA:3SM) Headlines

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