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Armstrong World Industries (FRA:91A) Cyclically Adjusted Revenue per Share : €22.59 (As of Mar. 2024)


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What is Armstrong World Industries 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.

Armstrong World Industries's adjusted revenue per share for the three months ended in Mar. 2024 was €6.807. 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 €22.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Armstrong World Industries's average Cyclically Adjusted Revenue Growth Rate was -7.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -5.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -6.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -8.60% 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 Armstrong World Industries was -2.30% per year. The lowest was -11.90% per year. And the median was -8.00% per year.

As of today (2024-06-10), Armstrong World Industries's current stock price is €105.00. Armstrong World Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €22.59. Armstrong World Industries's Cyclically Adjusted PS Ratio of today is 4.65.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Armstrong World Industries was 5.01. The lowest was 0.62. And the median was 1.86.


Armstrong World Industries Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Armstrong World Industries'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.

Armstrong World Industries Cyclically Adjusted Revenue per Share Chart

Armstrong World Industries 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 28.43 23.37 24.17 24.91 22.61

Armstrong World Industries 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 23.43 23.67 24.11 22.61 22.59

Competitive Comparison of Armstrong World Industries's Cyclically Adjusted Revenue per Share

For the Building Products & Equipment subindustry, Armstrong World Industries'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.


Armstrong World Industries's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Armstrong World Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Armstrong World Industries 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, Armstrong World Industries'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)
=6.807/131.7762*131.7762
=6.807

Current CPI (Mar. 2024) = 131.7762.

Armstrong World Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 8.772 100.560 11.495
201409 9.492 100.428 12.455
201412 -9.277 99.070 -12.340
201503 9.147 99.621 12.099
201506 4.888 100.684 6.397
201509 5.354 100.392 7.028
201512 -2.106 99.792 -2.781
201603 4.642 100.470 6.088
201606 4.995 101.688 6.473
201609 5.329 101.861 6.894
201612 -1.718 101.863 -2.223
201703 3.771 102.862 4.831
201706 3.739 103.349 4.767
201709 3.668 104.136 4.642
201712 3.360 104.011 4.257
201803 3.426 105.290 4.288
201806 4.046 106.317 5.015
201809 4.302 106.507 5.323
201812 4.200 105.998 5.221
201903 4.328 107.251 5.318
201906 4.834 108.070 5.894
201909 5.083 108.329 6.183
201912 4.516 108.420 5.489
202003 4.689 108.902 5.674
202006 3.759 108.767 4.554
202009 4.356 109.815 5.227
202012 4.096 109.897 4.911
202103 4.408 111.754 5.198
202106 4.832 114.631 5.555
202109 5.196 115.734 5.916
202112 5.252 117.630 5.884
202203 5.436 121.301 5.905
202206 6.502 125.017 6.854
202209 7.120 125.227 7.492
202212 6.318 125.222 6.649
202303 6.368 127.348 6.589
202306 6.674 128.729 6.832
202309 7.296 129.860 7.404
202312 6.479 129.419 6.597
202403 6.807 131.776 6.807

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


Armstrong World Industries  (FRA:91A) 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.

Armstrong World Industries's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=105.00/22.59
=4.65

* 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 Armstrong World Industries was 5.01. The lowest was 0.62. And the median was 1.86.


Be Aware

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


Armstrong World Industries Cyclically Adjusted Revenue per Share Related Terms

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


Armstrong World Industries (FRA:91A) Business Description

Industry
Traded in Other Exchanges
Address
2500 Columbia Avenue, Lancaster, PA, USA, 17603
Armstrong World Industries Inc is engaged in the design, innovation and manufacture of ceiling and wall solutions in the Americas. The products include mineral fiber, fiberglass wool, metal, wood, wood fiber, glass-reinforced-gypsum and felt. The company also manufactures ceiling suspension system (grid) products through a joint venture with Worthington Industries, Inc. called Worthington Armstrong Venture (WAVE).

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