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Onex (TSX:ONEX) Cyclically Adjusted Revenue per Share : C$157.63 (As of Mar. 2024)


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What is Onex 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.

Onex's adjusted revenue per share for the three months ended in Mar. 2024 was C$1.705. 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 C$157.63 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Onex's average Cyclically Adjusted Revenue Growth Rate was -9.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -8.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -7.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -1.20% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Onex was 11.20% per year. The lowest was -8.00% per year. And the median was 5.20% per year.

As of today (2024-05-26), Onex's current stock price is C$97.72. Onex's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$157.63. Onex's Cyclically Adjusted PS Ratio of today is 0.62.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Onex was 0.66. The lowest was 0.18. And the median was 0.37.


Onex Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Onex'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.

Onex Cyclically Adjusted Revenue per Share Chart

Onex 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 224.66 207.54 195.18 179.47 161.81

Onex 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 174.97 171.47 167.45 161.81 157.63

Competitive Comparison of Onex's Cyclically Adjusted Revenue per Share

For the Asset Management subindustry, Onex'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.


Onex's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Onex's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Onex 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, Onex'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)
=1.705/126.2576*126.2576
=1.705

Current CPI (Mar. 2024) = 126.2576.

Onex Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 45.271 99.473 57.461
201409 46.486 99.394 59.050
201412 35.204 98.367 45.186
201503 47.798 99.789 60.476
201506 56.925 100.500 71.514
201509 64.878 100.421 81.570
201512 69.744 99.947 88.104
201603 59.530 101.054 74.378
201606 51.948 102.002 64.301
201609 55.257 101.765 68.556
201612 68.580 101.449 85.351
201703 73.966 102.634 90.991
201706 80.800 103.029 99.017
201709 76.563 103.345 93.538
201712 56.547 103.345 69.084
201803 71.592 105.004 86.083
201806 77.957 105.557 93.245
201809 78.785 105.636 94.165
201812 81.015 105.399 97.048
201903 3.383 106.979 3.993
201906 4.864 107.690 5.703
201909 2.635 107.611 3.092
201912 3.740 107.769 4.382
202003 -13.834 107.927 -16.184
202006 10.482 108.401 12.209
202009 7.898 108.164 9.219
202012 11.572 108.559 13.459
202103 7.779 110.298 8.905
202106 4.956 111.720 5.601
202109 9.980 112.905 11.160
202112 6.073 113.774 6.739
202203 2.270 117.646 2.436
202206 -3.082 120.806 -3.221
202209 -1.381 120.648 -1.445
202212 9.543 120.964 9.961
202303 0.997 122.702 1.026
202306 4.297 124.203 4.368
202309 5.978 125.230 6.027
202312 7.979 125.072 8.055
202403 1.705 126.258 1.705

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


Onex  (TSX:ONEX) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=97.72/157.63
=0.62

* 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 Onex was 0.66. The lowest was 0.18. And the median was 0.37.


Be Aware

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


Onex Cyclically Adjusted Revenue per Share Related Terms

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


Onex (TSX:ONEX) Business Description

Industry
Traded in Other Exchanges
Address
161 Bay Street, 49th Floor, P.O. Box 700, Toronto, ON, CAN, M5J 2S5
Onex Corporation is a private equity investor and asset management firm. The company operates in two reportable segments: investing, which comprises the activity of investing Onex' capital and asset management, which comprises the asset management activities provided by Onex to support its private equity and Credit strategies, as well as Onex's corporate functions. The majority of the company's revenue is generated through the investing segment.

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