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L3Harris Technologies (WBO:LHXT) Cyclically Adjusted Revenue per Share : €74.89 (As of Mar. 2024)


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What is L3Harris Technologies 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.

L3Harris Technologies's adjusted revenue per share for the three months ended in Mar. 2024 was €25.126. 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 €74.89 for the trailing ten years ended in Mar. 2024.

During the past 12 months, L3Harris Technologies's average Cyclically Adjusted Revenue Growth Rate was 9.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 7.50% 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 L3Harris Technologies was 12.30% per year. The lowest was -3.20% per year. And the median was 5.50% per year.

As of today (2024-05-23), L3Harris Technologies's current stock price is €207.50. L3Harris Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €74.89. L3Harris Technologies's Cyclically Adjusted PS Ratio of today is 2.77.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of L3Harris Technologies was 4.38. The lowest was 1.34. And the median was 2.75.


L3Harris Technologies Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for L3Harris Technologies'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.

L3Harris Technologies Cyclically Adjusted Revenue per Share Chart

L3Harris Technologies Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 45.75 56.71 66.37 70.69

L3Harris Technologies 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 67.64 68.41 72.80 70.69 74.89

Competitive Comparison of L3Harris Technologies's Cyclically Adjusted Revenue per Share

For the Aerospace & Defense subindustry, L3Harris Technologies'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.


L3Harris Technologies's Cyclically Adjusted PS Ratio Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where L3Harris Technologies's Cyclically Adjusted PS Ratio falls into.



L3Harris Technologies 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, L3Harris Technologies'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)
=25.126/131.7762*131.7762
=25.126

Current CPI (Mar. 2024) = 131.7762.

L3Harris Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 9.144 100.560 11.983
201409 8.471 100.428 11.115
201412 9.324 99.070 12.402
201503 10.466 99.621 13.844
201506 2.691 100.684 3.522
201509 12.940 100.392 16.985
201512 12.848 99.792 16.966
201603 11.126 100.470 14.593
201606 10.863 101.688 14.077
201609 10.081 101.861 13.042
201612 10.954 101.863 14.171
201703 11.182 102.862 14.325
201706 11.209 103.349 14.292
201709 9.761 104.136 12.352
201712 10.728 104.011 13.592
201803 10.469 105.290 13.103
201806 11.741 106.317 14.553
201809 10.958 106.507 13.558
201812 12.203 105.998 15.171
201903 12.712 107.251 15.619
201906 13.629 108.070 16.619
201909 17.850 108.329 21.713
201912 19.440 108.420 23.628
202003 19.090 108.902 23.100
202006 18.123 108.767 21.957
202009 17.615 109.815 21.138
202012 18.094 109.897 21.696
202103 18.399 111.754 21.695
202106 18.845 114.631 21.664
202109 17.831 115.734 20.303
202112 19.522 117.630 21.870
202203 19.095 121.301 20.744
202206 20.163 125.017 21.253
202209 22.417 125.227 23.589
202212 22.509 125.222 23.687
202303 21.841 127.348 22.601
202306 22.786 128.729 23.325
202309 24.226 129.860 24.584
202312 25.691 129.419 26.159
202403 25.126 131.776 25.126

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


L3Harris Technologies  (WBO:LHXT) 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.

L3Harris Technologies's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=207.50/74.89
=2.77

* 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 L3Harris Technologies was 4.38. The lowest was 1.34. And the median was 2.75.


Be Aware

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


L3Harris Technologies Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of L3Harris Technologies's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


L3Harris Technologies (WBO:LHXT) Business Description

Traded in Other Exchanges
Address
1025 West NASA Boulevard, Melbourne, FL, USA, 32919
L3Harris Technologies provides products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, or C4ISR, market. The firm produces uncrewed aerial vehicles, sensors, and avionics, as well as provides military and commercial training services and maintains the U.S. Federal Aviation Administration's communications infrastructure. In July 2023, the company acquired Aerojet Rocketdyne, a key supplier of rocket motors to the space and defense industry.

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