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Hibino (TSE:2469) Cyclically Adjusted Revenue per Share : 円3,616.21 (As of Dec. 2023)


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What is Hibino 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.

Hibino's adjusted revenue per share for the three months ended in Dec. 2023 was 円1,315.916. 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 円3,616.21 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Hibino's average Cyclically Adjusted Revenue Growth Rate was 11.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.10% 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 Hibino was 10.20% per year. The lowest was 9.10% per year. And the median was 10.00% per year.

As of today (2024-05-24), Hibino's current stock price is 円2350.00. Hibino's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円3,616.21. Hibino's Cyclically Adjusted PS Ratio of today is 0.65.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Hibino was 1.25. The lowest was 0.39. And the median was 0.54.


Hibino Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Hibino'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.

Hibino Cyclically Adjusted Revenue per Share Chart

Hibino Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,230.44 2,512.78 2,674.66 2,988.10 3,342.29

Hibino 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 3,239.13 3,342.29 3,417.89 3,520.86 3,616.21

Competitive Comparison of Hibino's Cyclically Adjusted Revenue per Share

For the Consumer Electronics subindustry, Hibino'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.


Hibino's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Hibino 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, Hibino'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)
=1315.916/106.8000*106.8000
=1,315.916

Current CPI (Dec. 2023) = 106.8000.

Hibino Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 426.415 95.700 475.874
201406 391.864 98.000 427.052
201409 483.844 98.500 524.615
201412 465.042 97.900 507.319
201503 572.628 97.900 624.685
201506 587.796 98.400 637.974
201509 721.756 98.500 782.574
201512 810.782 98.100 882.686
201603 1,104.332 97.900 1,204.726
201606 637.641 98.100 694.190
201609 717.275 98.000 781.683
201612 669.596 98.400 726.757
201703 885.947 98.100 964.517
201706 599.495 98.500 650.011
201709 717.552 98.800 775.653
201712 718.199 99.400 771.667
201803 936.303 99.200 1,008.036
201806 640.803 99.200 689.897
201809 816.224 99.900 872.600
201812 859.822 99.700 921.053
201903 1,086.875 99.700 1,164.275
201906 907.965 99.800 971.650
201909 1,021.939 100.100 1,090.341
201912 1,115.198 100.500 1,185.106
202003 1,054.072 100.300 1,122.382
202006 654.033 99.900 699.206
202009 609.098 99.900 651.168
202012 764.183 99.300 821.901
202103 1,056.367 99.900 1,129.329
202106 906.407 99.500 972.907
202109 1,422.745 100.100 1,517.974
202112 932.520 100.100 994.936
202203 1,029.103 101.100 1,087.124
202206 832.809 101.800 873.713
202209 948.817 103.100 982.868
202212 1,043.688 104.100 1,070.758
202303 1,408.156 104.400 1,440.527
202306 934.684 105.200 948.900
202309 1,190.841 106.200 1,197.569
202312 1,315.916 106.800 1,315.916

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


Hibino  (TSE:2469) 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.

Hibino's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2350.00/3616.21
=0.65

* 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 Hibino was 1.25. The lowest was 0.39. And the median was 0.54.


Be Aware

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


Hibino Cyclically Adjusted Revenue per Share Related Terms

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


Hibino (TSE:2469) Business Description

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3-5-14, Konan, Minato-ku, Tokyo, JPN, 108-0075
Hibino Corp produces and sells audio equipment in Japan. It offers products and services in the Audio-Visual field. Its business activities are divided into Hibino visual division is engaged in the planning of large screens and video systems used for concerts and events, equipment rental, and operation. Hibino sound division offers a sound system for the concert, equipment rental, recording of concerts and events, studio recording, track down, and mastering. Hibino Professional Audio Sales division is engaged in the production and sale of professional audio equipment and acoustic system proposals for broadcasting stations, studios, halls, commercial facilities. Hibino Chromatec division develops and sells LED (light-emitting diode) display systems.

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