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Taiwan High Speed Rail (TPE:2633) Cyclically Adjusted Revenue per Share : NT$9.87 (As of Dec. 2023)


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What is Taiwan High Speed Rail 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.

Taiwan High Speed Rail's adjusted revenue per share for the three months ended in Dec. 2023 was NT$2.338. 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 NT$9.87 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Taiwan High Speed Rail's average Cyclically Adjusted Revenue Growth Rate was 2.20% 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.

As of today (2024-06-08), Taiwan High Speed Rail's current stock price is NT$30.15. Taiwan High Speed Rail's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was NT$9.87. Taiwan High Speed Rail's Cyclically Adjusted PS Ratio of today is 3.05.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Taiwan High Speed Rail was 3.37. The lowest was 2.77. And the median was 3.04.


Taiwan High Speed Rail Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Taiwan High Speed Rail'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.

Taiwan High Speed Rail Cyclically Adjusted Revenue per Share Chart

Taiwan High Speed Rail 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 - - 9.48 9.66 9.87

Taiwan High Speed Rail Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 9.66 9.79 9.87 9.92 9.87

Competitive Comparison of Taiwan High Speed Rail's Cyclically Adjusted Revenue per Share

For the Railroads subindustry, Taiwan High Speed Rail'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.


Taiwan High Speed Rail's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Taiwan High Speed Rail's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Taiwan High Speed Rail's Cyclically Adjusted PS Ratio falls into.



Taiwan High Speed Rail 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, Taiwan High Speed Rail's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.338/129.4194*129.4194
=2.338

Current CPI (Dec. 2023) = 129.4194.

Taiwan High Speed Rail Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201306 0.000 98.518 0.000
201312 0.000 98.326 0.000
201406 0.000 100.560 0.000
201412 0.000 99.070 0.000
201503 3.811 99.621 4.951
201506 3.842 100.684 4.939
201509 3.883 100.392 5.006
201512 3.936 99.792 5.105
201603 1.781 100.470 2.294
201606 1.817 101.688 2.313
201609 1.769 101.861 2.248
201612 1.874 101.863 2.381
201703 1.920 102.862 2.416
201706 1.889 103.349 2.366
201709 1.822 104.136 2.264
201712 2.027 104.011 2.522
201803 1.961 105.290 2.410
201806 2.016 106.317 2.454
201809 1.984 106.507 2.411
201812 2.087 105.998 2.548
201903 2.090 107.251 2.522
201906 2.071 108.070 2.480
201909 2.072 108.329 2.475
201912 2.168 108.420 2.588
202003 1.706 108.902 2.027
202006 1.391 108.767 1.655
202009 1.830 109.815 2.157
202012 2.045 109.897 2.408
202103 1.753 111.754 2.030
202106 1.113 114.631 1.257
202109 0.825 115.734 0.923
202112 1.698 117.630 1.868
202203 1.611 121.301 1.719
202206 1.199 125.017 1.241
202209 1.720 125.227 1.778
202212 2.082 125.222 2.152
202303 2.171 127.348 2.206
202306 2.193 128.729 2.205
202309 2.156 129.860 2.149
202312 2.338 129.419 2.338

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


Taiwan High Speed Rail  (TPE:2633) 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.

Taiwan High Speed Rail's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=30.15/9.87
=3.05

* 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 Taiwan High Speed Rail was 3.37. The lowest was 2.77. And the median was 3.04.


Be Aware

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


Taiwan High Speed Rail Cyclically Adjusted Revenue per Share Related Terms

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


Taiwan High Speed Rail (TPE:2633) Business Description

Industry
Traded in Other Exchanges
N/A
Address
No. 66, Jingmao 2nd Road, 13th Floor, Nangang District, Taipei, TWN, 11568
Taiwan High Speed Rail Corp is principally engaged in the operation of the high-speed railway system in Taiwan. It generates revenue in the form of railroad transportation revenue.

Taiwan High Speed Rail (TPE:2633) Headlines

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