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UNITED (TSE:2497) Cyclically Adjusted Revenue per Share : 円364.51 (As of Dec. 2023)


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What is UNITED 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.

UNITED's adjusted revenue per share for the three months ended in Dec. 2023 was 円41.158. 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364.51 for the trailing ten years ended in Dec. 2023.

During the past 12 months, UNITED's average Cyclically Adjusted Revenue Growth Rate was -100.00% 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 UNITED was 7.50% per year. The lowest was 5.60% per year. And the median was 6.10% per year.

As of today (2024-06-10), UNITED's current stock price is 円787.00. UNITED's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円364.51. UNITED's Cyclically Adjusted PS Ratio of today is 2.16.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of UNITED was 10.87. The lowest was 1.25. And the median was 2.54.


UNITED Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for UNITED'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.

UNITED Cyclically Adjusted Revenue per Share Chart

UNITED Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 284.24 297.62 310.52 339.58 -

UNITED 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 339.58 357.79 362.31 364.51 -

Competitive Comparison of UNITED's Cyclically Adjusted Revenue per Share

For the Software - Application subindustry, UNITED'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.


UNITED's Cyclically Adjusted PS Ratio Distribution in the Software Industry

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

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



UNITED 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, UNITED'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)
=41.158/106.8000*106.8000
=41.158

Current CPI (Dec. 2023) = 106.8000.

UNITED Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 38.887 95.700 43.397
201406 42.976 98.000 46.835
201409 40.778 98.500 44.214
201412 45.192 97.900 49.300
201503 47.067 97.900 51.346
201506 42.176 98.400 45.776
201509 65.511 98.500 71.031
201512 63.472 98.100 69.101
201603 67.088 97.900 73.187
201606 68.116 98.100 74.157
201609 72.609 98.000 79.129
201612 81.981 98.400 88.979
201703 94.235 98.100 102.592
201706 70.545 98.500 76.489
201709 78.887 98.800 85.275
201712 77.351 99.400 83.110
201803 85.522 99.200 92.074
201806 337.367 99.200 363.214
201809 69.246 99.900 74.029
201812 87.715 99.700 93.962
201903 101.078 99.700 108.276
201906 133.088 99.800 142.423
201909 116.826 100.100 124.646
201912 104.698 100.500 111.261
202003 110.018 100.300 117.148
202006 178.865 99.900 191.219
202009 67.424 99.900 72.081
202012 64.277 99.300 69.132
202103 56.723 99.900 60.641
202106 109.303 99.500 117.322
202109 78.238 100.100 83.475
202112 64.041 100.100 68.327
202203 47.368 101.100 50.039
202206 118.548 101.800 124.371
202209 46.911 103.100 48.595
202212 90.229 104.100 92.569
202303 75.869 104.400 77.613
202306 184.856 105.200 187.667
202309 49.642 106.200 49.922
202312 41.158 106.800 41.158

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


UNITED  (TSE:2497) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=787.00/364.51
=2.16

* 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 UNITED was 10.87. The lowest was 1.25. And the median was 2.54.


Be Aware

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


UNITED Cyclically Adjusted Revenue per Share Related Terms

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


UNITED (TSE:2497) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » UNITED Inc (TSE:2497) » Definitions » Cyclically Adjusted Revenue per Share
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Address
MFPR Shibuya Bldg 10F, 1-2-5 Shibuya, Shibuyaku, Tokyo, JPN, 150-0002
UNITED Inc is a Japan-based company, engages in advertising technology and smartphone applications business. It offers various smartphone applications, including CocoPPa, CocoPPa Play, CocoPPa Launcher, CHEERZ, and Crash Fever; and Kanahei Apps.

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