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RenaissanceRe Holdings (FRA:RRJ) Cyclically Adjusted Revenue per Share : €92.56 (As of Mar. 2024)


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What is RenaissanceRe Holdings 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.

RenaissanceRe Holdings's adjusted revenue per share for the three months ended in Mar. 2024 was €45.892. 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 €92.56 for the trailing ten years ended in Mar. 2024.

During the past 12 months, RenaissanceRe Holdings's average Cyclically Adjusted Revenue Growth Rate was 21.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 21.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 21.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 14.50% 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 RenaissanceRe Holdings was 22.10% per year. The lowest was 3.20% per year. And the median was 9.85% per year.

As of today (2024-06-08), RenaissanceRe Holdings's current stock price is €208.00. RenaissanceRe Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €92.56. RenaissanceRe Holdings's Cyclically Adjusted PS Ratio of today is 2.25.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of RenaissanceRe Holdings was 5.15. The lowest was 1.75. And the median was 3.75.


RenaissanceRe Holdings Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for RenaissanceRe Holdings'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.

RenaissanceRe Holdings Cyclically Adjusted Revenue per Share Chart

RenaissanceRe Holdings 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 38.77 41.87 58.30 73.08 85.37

RenaissanceRe Holdings 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 75.26 79.31 87.56 85.37 92.56

Competitive Comparison of RenaissanceRe Holdings's Cyclically Adjusted Revenue per Share

For the Insurance - Reinsurance subindustry, RenaissanceRe Holdings'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.


RenaissanceRe Holdings's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, RenaissanceRe Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



RenaissanceRe Holdings 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, RenaissanceRe Holdings'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)
=45.892/131.7762*131.7762
=45.892

Current CPI (Mar. 2024) = 131.7762.

RenaissanceRe Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 5.902 100.560 7.734
201409 5.051 100.428 6.628
201412 6.676 99.070 8.880
201503 8.695 99.621 11.502
201506 7.638 100.684 9.997
201509 6.993 100.392 9.179
201512 7.892 99.792 10.421
201603 9.344 100.470 12.256
201606 10.141 101.688 13.142
201609 9.933 101.861 12.850
201612 8.127 101.863 10.514
201703 10.900 102.862 13.964
201706 11.119 103.349 14.177
201709 13.413 104.136 16.973
201712 10.468 104.011 13.262
201803 8.543 105.290 10.692
201806 10.219 106.317 12.666
201809 13.451 106.507 16.642
201812 11.910 105.998 14.806
201903 16.872 107.251 20.730
201906 25.044 108.070 30.538
201909 21.800 108.329 26.518
201912 22.719 108.420 27.613
202003 18.577 108.902 22.479
202006 30.375 108.767 36.801
202009 22.487 109.815 26.984
202012 22.918 109.897 27.481
202103 14.697 111.754 17.330
202106 25.275 114.631 29.055
202109 28.308 115.734 32.232
202112 27.508 117.630 30.816
202203 18.488 121.301 20.085
202206 18.836 125.017 19.854
202209 30.292 125.227 31.876
202212 44.601 125.222 46.936
202303 47.683 127.348 49.341
202306 37.039 128.729 37.916
202309 33.960 129.860 34.461
202312 57.900 129.419 58.954
202403 45.892 131.776 45.892

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


RenaissanceRe Holdings  (FRA:RRJ) 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.

RenaissanceRe Holdings's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=208.00/92.56
=2.25

* 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 RenaissanceRe Holdings was 5.15. The lowest was 1.75. And the median was 3.75.


Be Aware

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


RenaissanceRe Holdings Cyclically Adjusted Revenue per Share Related Terms

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


RenaissanceRe Holdings (FRA:RRJ) Business Description

Industry
Traded in Other Exchanges
Address
12 Crow Lane, Renaissance House, Pembroke, BMU, HM 19
RenaissanceRe Holdings Ltd provides reinsurance and insurance solutions and related services. The company's core products include property, casualty, specialty reinsurance, and certain insurance products. Revenue is derived from three sources: net premiums earned from the insurance and insurance products sold; net investment income from the investment of capital funds and cash; and other income from the company's joint ventures, advisory services, and other items. The reportable segments of the company are the Property segment which includes catastrophe and other property reinsurance, and the Casualty and Specialty segment which is comprised of casualty and specialty reinsurance. It derives a majority of its revenue from the Casualty and specialty segment.

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