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Robert Half (LTS:0KX9) Cyclically Adjusted Revenue per Share : $75.23 (As of Mar. 2024)


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What is Robert Half 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.

Robert Half's adjusted revenue per share for the three months ended in Mar. 2024 was $14.137. 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 $75.23 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Robert Half's average Cyclically Adjusted Revenue Growth Rate was 6.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 7.80% 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 Robert Half was 26.20% per year. The lowest was 5.50% per year. And the median was 10.80% per year.

As of today (2024-05-24), Robert Half's current stock price is $66.464. Robert Half's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $75.23. Robert Half's Cyclically Adjusted PS Ratio of today is 0.88.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Robert Half was 2.60. The lowest was 0.89. And the median was 1.54.


Robert Half Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Robert Half'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.

Robert Half Cyclically Adjusted Revenue per Share Chart

Robert Half 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 38.57 41.74 43.29 73.61 66.21

Robert Half 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 69.41 75.87 79.20 66.21 75.23

Competitive Comparison of Robert Half's Cyclically Adjusted Revenue per Share

For the Staffing & Employment Services subindustry, Robert Half'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.


Robert Half's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Robert Half's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Robert Half 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, Robert Half'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)
=14.137/131.7762*131.7762
=14.137

Current CPI (Mar. 2024) = 131.7762.

Robert Half Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 8.584 100.560 11.249
201409 9.044 100.428 11.867
201412 9.052 99.070 12.040
201503 8.978 99.621 11.876
201506 9.525 100.684 12.466
201509 9.908 100.392 13.005
201512 9.928 99.792 13.110
201603 10.010 100.470 13.129
201606 10.393 101.688 13.468
201609 10.442 101.861 13.509
201612 9.929 101.863 12.845
201703 10.183 102.862 13.045
201706 10.459 103.349 13.336
201709 10.666 104.136 13.497
201712 10.869 104.011 13.770
201803 11.355 105.290 14.211
201806 11.917 106.317 14.771
201809 12.073 106.507 14.937
201812 12.365 105.998 15.372
201903 12.449 107.251 15.296
201906 12.962 108.070 15.805
201909 13.396 108.329 16.295
201912 13.387 108.420 16.271
202003 13.233 108.902 16.013
202006 9.798 108.767 11.871
202009 10.497 109.815 12.596
202012 11.547 109.897 13.846
202103 12.430 111.754 14.657
202106 14.126 114.631 16.239
202109 15.361 115.734 17.490
202112 15.944 117.630 17.862
202203 16.410 121.301 17.827
202206 16.982 125.017 17.900
202209 16.880 125.227 17.763
202212 16.022 125.222 16.861
202303 16.021 127.348 16.578
202306 15.405 128.729 15.770
202309 14.779 129.860 14.997
202312 14.035 129.419 14.291
202403 14.137 131.776 14.137

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


Robert Half  (LTS:0KX9) 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.

Robert Half's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=66.464/75.23
=0.88

* 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 Robert Half was 2.60. The lowest was 0.89. And the median was 1.54.


Be Aware

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


Robert Half Cyclically Adjusted Revenue per Share Related Terms

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


Robert Half (LTS:0KX9) Business Description

Industry
Traded in Other Exchanges
Address
2884 Sand Hill Road, Suite 200, Menlo Park, CA, USA, 94025
Founded in 1948, Robert Half provides temporary, permanent, and outcome-based staffing for both in-person and remote positions in the finance and accounting, technology, legal, marketing, and administrative fields. Its subsidiary consulting arm, Protiviti, specializes in technology, risk, auditing, and compliance matters. The firm generates most of its sales inside the U.S. and stands as one of the largest specialized firms in the highly fragmented U.S. staffing industry. The firm generates annual revenue of around $7 billion.

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