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Top Glove Bhd (SGX:BVA) Cyclically Adjusted Revenue per Share : S$0.22 (As of Feb. 2024)


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What is Top Glove Bhd 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.

Top Glove Bhd's adjusted revenue per share for the three months ended in Feb. 2024 was S$0.019. 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 S$0.22 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Top Glove Bhd's average Cyclically Adjusted Revenue Growth Rate was 1.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 17.90% 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 Top Glove Bhd was 21.90% per year. The lowest was 17.90% per year. And the median was 19.90% per year.

As of today (2024-06-06), Top Glove Bhd's current stock price is S$0.30. Top Glove Bhd's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was S$0.22. Top Glove Bhd's Cyclically Adjusted PS Ratio of today is 1.36.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Top Glove Bhd was 21.32. The lowest was 0.82. And the median was 3.43.


Top Glove Bhd Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Top Glove Bhd'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.

Top Glove Bhd Cyclically Adjusted Revenue per Share Chart

Top Glove Bhd Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.15 0.22 0.24 0.24

Top Glove Bhd Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 0.23 0.23 0.24 0.22 0.22

Competitive Comparison of Top Glove Bhd's Cyclically Adjusted Revenue per Share

For the Medical Instruments & Supplies subindustry, Top Glove Bhd'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.


Top Glove Bhd's Cyclically Adjusted PS Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Top Glove Bhd's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Top Glove Bhd's Cyclically Adjusted PS Ratio falls into.



Top Glove Bhd 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, Top Glove Bhd's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=0.019/130.9299*130.9299
=0.019

Current CPI (Feb. 2024) = 130.9299.

Top Glove Bhd Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 0.030 100.373 0.039
201408 0.030 100.352 0.039
201411 0.030 99.635 0.039
201502 0.029 99.032 0.038
201505 0.033 100.333 0.043
201508 0.032 100.548 0.042
201511 0.035 100.135 0.046
201602 0.031 100.040 0.041
201605 0.030 101.355 0.039
201608 0.032 101.617 0.041
201611 0.034 101.829 0.044
201702 0.036 102.779 0.046
201705 0.037 103.256 0.047
201708 0.038 103.587 0.048
201711 0.040 104.072 0.050
201802 0.043 105.052 0.054
201805 0.049 106.148 0.060
201808 0.053 106.383 0.065
201811 0.054 106.338 0.066
201902 0.050 106.649 0.061
201905 0.049 108.048 0.059
201908 0.044 108.245 0.053
201911 0.047 108.519 0.057
202002 0.049 109.139 0.059
202005 0.066 108.175 0.080
202008 0.126 109.662 0.150
202011 0.192 109.793 0.229
202102 0.219 110.968 0.258
202105 0.167 113.576 0.193
202108 0.083 115.421 0.094
202111 0.065 117.269 0.073
202202 0.059 119.703 0.065
202205 0.059 123.323 0.063
202208 0.038 124.958 0.040
202211 0.024 125.607 0.025
202302 0.024 126.928 0.025
202305 0.020 128.314 0.020
202308 0.017 129.538 0.017
202311 0.018 129.548 0.018
202402 0.019 130.930 0.019

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


Top Glove Bhd  (SGX:BVA) 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.

Top Glove Bhd's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.30/0.22
=1.36

* 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 Top Glove Bhd was 21.32. The lowest was 0.82. And the median was 3.43.


Be Aware

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


Top Glove Bhd Cyclically Adjusted Revenue per Share Related Terms

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


Top Glove Bhd (SGX:BVA) Business Description

Traded in Other Exchanges
Address
16, Persiaran Setia Dagang, Top Glove Tower, Level 21, Setia Alam, Seksyen U13, Shah Alam, SGR, MYS, 40170
Top Glove Corp Bhd manufactures and sells gloves through several product lines to a diverse group of world-wide customers. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. Top Glove's products are utilized in an array of end markets such as aerospace, food, Personal care, medical care, oral care and home care. Traditionally, the company has derived over half of its sales from its nitrile and powdered latex product lines, with customers in North America and Europe generating the majority demand.

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