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Applied Materials (HKSE:04336) Cyclically Adjusted Revenue per Share : HK$65.18 (As of Apr. 2024)


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What is Applied Materials 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.

Applied Materials's adjusted revenue per share for the three months ended in Apr. 2024 was HK$62.251. 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 HK$65.18 for the trailing ten years ended in Apr. 2024.

During the past 12 months, Applied Materials'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 19.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 17.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 12.20% 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 Applied Materials was 30.50% per year. The lowest was 2.80% per year. And the median was 9.50% per year.

As of today (2024-05-28), Applied Materials's current stock price is HK$1620.00. Applied Materials's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2024 was HK$65.18. Applied Materials's Cyclically Adjusted PS Ratio of today is 24.85.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Applied Materials was 11.90. The lowest was 2.09. And the median was 5.20.


Applied Materials Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Applied Materials'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.

Applied Materials Cyclically Adjusted Revenue per Share Chart

Applied Materials Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.05 89.76 71.87 117.16 91.39

Applied Materials Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 99.58 76.98 91.39 75.89 65.18

Competitive Comparison of Applied Materials's Cyclically Adjusted Revenue per Share

For the Semiconductor Equipment & Materials subindustry, Applied Materials'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.


Applied Materials's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Applied Materials's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Applied Materials 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, Applied Materials's adjusted Revenue per Share data for the three months ended in Apr. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=62.251/131.7762*131.7762
=62.251

Current CPI (Apr. 2024) = 131.7762.

Applied Materials Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201407 14.237 100.520 18.664
201410 14.232 100.176 18.722
201501 14.750 98.604 19.712
201504 15.252 99.824 20.134
201507 15.679 100.691 20.519
201510 15.422 100.346 20.252
201601 15.219 99.957 20.064
201604 16.981 100.947 22.167
201607 20.020 101.524 25.986
201610 23.356 101.988 30.178
201701 23.346 102.456 30.027
201704 25.359 103.167 32.391
201707 26.997 103.278 34.447
201710 29.987 104.070 37.970
201801 30.699 104.578 38.683
201804 34.555 105.708 43.076
201807 32.500 106.324 40.280
201810 29.849 106.695 36.866
201901 30.495 106.200 37.839
201904 29.284 107.818 35.791
201907 29.702 108.250 36.157
201910 31.655 108.577 38.419
202001 34.897 108.841 42.251
202004 33.230 108.173 40.481
202007 36.947 109.318 44.538
202010 39.493 109.861 47.371
202101 43.268 110.364 51.663
202104 46.782 112.673 54.714
202107 52.447 115.183 60.003
202110 52.517 116.696 59.304
202201 54.472 118.619 60.514
202204 55.458 121.978 59.913
202207 58.890 125.002 62.081
202210 61.674 125.734 64.638
202301 62.075 126.223 64.806
202304 61.444 127.992 63.261
202307 59.567 128.974 60.861
202310 62.476 129.810 63.422
202401 62.634 130.124 63.429
202404 62.251 131.776 62.251

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


Applied Materials  (HKSE:04336) 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.

Applied Materials's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1620.00/65.18
=24.85

* 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 Applied Materials was 11.90. The lowest was 2.09. And the median was 5.20.


Be Aware

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


Applied Materials Cyclically Adjusted Revenue per Share Related Terms

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


Applied Materials (HKSE:04336) Business Description

Industry
Address
3050 Bowers Avenue, P.O. Box 58039, Santa Clara, CA, USA, 95052-8039
Applied Materials is the largest semiconductor wafer fabrication equipment, or WFE, manufacturer in the world. Applied Materials has a broad portfolio spanning nearly every corner of the WFE ecosystem. Specifically, Applied Materials holds a market share leadership position in deposition, which entails the layering of new materials on semiconductor wafers. It is more exposed to general-purpose logic chips made at integrated device manufacturers and foundries. It counts the largest chipmakers in the world as customers, including TSMC, Intel, and Samsung.

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