GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Central Reinsurance Corp (TPE:2851) » Definitions » Cyclically Adjusted Revenue per Share

Central Reinsurance (TPE:2851) Cyclically Adjusted Revenue per Share : NT$32.44 (As of Mar. 2024)


View and export this data going back to 2000. Start your Free Trial

What is Central Reinsurance 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.

Central Reinsurance's adjusted revenue per share for the three months ended in Mar. 2024 was NT$7.983. 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$32.44 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Central Reinsurance's average Cyclically Adjusted Revenue Growth Rate was -0.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.50% 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 Central Reinsurance was 6.90% per year. The lowest was 6.50% per year. And the median was 6.70% per year.

As of today (2024-05-23), Central Reinsurance's current stock price is NT$27.45. Central Reinsurance's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$32.44. Central Reinsurance's Cyclically Adjusted PS Ratio of today is 0.85.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Central Reinsurance was 1.19. The lowest was 0.54. And the median was 0.74.


Central Reinsurance Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Central Reinsurance'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.

Central Reinsurance Cyclically Adjusted Revenue per Share Chart

Central Reinsurance 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 25.79 26.43 29.09 31.47 31.96

Central Reinsurance 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 31.89 32.12 32.21 31.96 32.44

Competitive Comparison of Central Reinsurance's Cyclically Adjusted Revenue per Share

For the Insurance - Reinsurance subindustry, Central Reinsurance'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.


Central Reinsurance's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

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

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



Central Reinsurance 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, Central Reinsurance'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)
=7.983/131.7762*131.7762
=7.983

Current CPI (Mar. 2024) = 131.7762.

Central Reinsurance Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.713 100.560 8.797
201409 6.684 100.428 8.770
201412 6.597 99.070 8.775
201503 6.329 99.621 8.372
201506 5.693 100.684 7.451
201509 5.688 100.392 7.466
201512 5.459 99.792 7.209
201603 5.219 100.470 6.845
201606 5.525 101.688 7.160
201609 5.794 101.861 7.496
201612 5.374 101.863 6.952
201703 5.774 102.862 7.397
201706 5.701 103.349 7.269
201709 6.563 104.136 8.305
201712 5.695 104.011 7.215
201803 6.376 105.290 7.980
201806 6.243 106.317 7.738
201809 5.958 106.507 7.372
201812 5.888 105.998 7.320
201903 6.853 107.251 8.420
201906 6.677 108.070 8.142
201909 6.652 108.329 8.092
201912 6.295 108.420 7.651
202003 7.129 108.902 8.626
202006 7.324 108.767 8.873
202009 7.428 109.815 8.913
202012 7.197 109.897 8.630
202103 8.892 111.754 10.485
202106 8.676 114.631 9.974
202109 8.110 115.734 9.234
202112 7.935 117.630 8.889
202203 9.352 121.301 10.160
202206 10.363 125.017 10.923
202209 8.698 125.227 9.153
202212 5.965 125.222 6.277
202303 6.759 127.348 6.994
202306 6.917 128.729 7.081
202309 7.125 129.860 7.230
202312 6.644 129.419 6.765
202403 7.983 131.776 7.983

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


Central Reinsurance  (TPE:2851) 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.

Central Reinsurance's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=27.45/32.44
=0.85

* 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 Central Reinsurance was 1.19. The lowest was 0.54. And the median was 0.74.


Be Aware

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


Central Reinsurance Cyclically Adjusted Revenue per Share Related Terms

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


Central Reinsurance (TPE:2851) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Section 2, Nanjing East Road, 12th Floor, No. 53, Zhongshan District, Taipei, TWN, 10457
Central Reinsurance Corp is an insurance company providing a range of property and life inward and outward reinsurance services. Central Reinsurance offers reinsurance protection on non-life insurance businesses, including fire, marine and aviation, casualty, motor, engineering, and residential earthquake insurance; and life insurance business including life, personal accident, and health insurance. The main source of revenue for the company is premiums and commission income.

Central Reinsurance (TPE:2851) Headlines

No Headlines