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ESPEC (TSE:6859) Cyclically Adjusted Revenue per Share : 円2,047.27 (As of Dec. 2023)


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What is ESPEC 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.

ESPEC's adjusted revenue per share for the three months ended in Dec. 2023 was 円683.950. 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2,047.27 for the trailing ten years ended in Dec. 2023.

During the past 12 months, ESPEC's average Cyclically Adjusted Revenue Growth Rate was 9.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.50% 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 ESPEC was 4.70% per year. The lowest was 3.70% per year. And the median was 4.10% per year.

As of today (2024-06-07), ESPEC's current stock price is 円3175.00. ESPEC's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円2,047.27. ESPEC's Cyclically Adjusted PS Ratio of today is 1.55.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of ESPEC was 1.82. The lowest was 0.85. And the median was 1.19.


ESPEC Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for ESPEC'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.

ESPEC Cyclically Adjusted Revenue per Share Chart

ESPEC 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 1,575.63 1,665.41 1,695.67 1,757.94 1,909.79

ESPEC 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 1,872.98 1,909.79 1,954.67 2,000.69 2,047.27

Competitive Comparison of ESPEC's Cyclically Adjusted Revenue per Share

For the Scientific & Technical Instruments subindustry, ESPEC'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.


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

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

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



ESPEC 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, ESPEC'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)
=683.95/106.8000*106.8000
=683.950

Current CPI (Dec. 2023) = 106.8000.

ESPEC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 480.009 95.700 535.684
201406 239.606 98.000 261.122
201409 370.722 98.500 401.961
201412 313.285 97.900 341.765
201503 525.934 97.900 573.746
201506 273.703 98.400 297.068
201509 424.076 98.500 459.810
201512 393.403 98.100 428.292
201603 606.384 97.900 661.510
201606 325.638 98.100 354.517
201609 430.901 98.000 469.594
201612 368.479 98.400 399.935
201703 605.749 98.100 659.470
201706 350.556 98.500 380.095
201709 454.239 98.800 491.019
201712 460.058 99.400 494.308
201803 663.094 99.200 713.896
201806 330.650 99.200 355.982
201809 504.594 99.900 539.446
201812 430.134 99.700 460.765
201903 947.414 99.700 1,014.883
201906 351.358 99.800 376.002
201909 469.891 100.100 501.342
201912 482.353 100.500 512.590
202003 552.674 100.300 588.490
202006 300.752 99.900 321.525
202009 455.567 99.900 487.033
202012 403.744 99.300 434.238
202103 531.007 99.900 567.683
202106 354.641 99.500 380.660
202109 422.084 100.100 450.335
202112 468.426 100.100 499.779
202203 612.299 101.100 646.820
202206 390.014 101.800 409.170
202209 634.850 103.100 657.633
202212 591.545 104.100 606.888
202303 775.009 104.400 792.825
202306 562.248 105.200 570.799
202309 686.240 106.200 690.117
202312 683.950 106.800 683.950

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


ESPEC  (TSE:6859) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=3175.00/2047.27
=1.55

* 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 ESPEC was 1.82. The lowest was 0.85. And the median was 1.19.


Be Aware

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


ESPEC Cyclically Adjusted Revenue per Share Related Terms

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


ESPEC (TSE:6859) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ESPEC Corp (TSE:6859) » Definitions » Cyclically Adjusted Revenue per Share
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Address
3-5-6, Tenjinbashi, Kita-Ku, Osaka, JPN, 530-8550
ESPEC Corp is a Japanese manufacturer of environmental test chambers. It is engaged in the business divisions of Equipment business, Service business and Other business. In the Equipment business, the company offers environmental test chambers, secondary battery-related equipment, measurement and evaluation systems and semiconductor-related equipment. In the Service business, the entity offers after-sales service and engineering, laboratory testing services and other services. The organization offers its products in Japan and other countries.

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