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General Mills (XTER:GRM) Cyclically Adjusted Revenue per Share : €32.18 (As of Feb. 2024)


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What is General Mills 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.

General Mills's adjusted revenue per share for the three months ended in Feb. 2024 was €8.252. 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 €32.18 for the trailing ten years ended in Feb. 2024.

During the past 12 months, General Mills's average Cyclically Adjusted Revenue Growth Rate was 2.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 4.40% 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 General Mills was 8.40% per year. The lowest was -1.00% per year. And the median was 4.30% per year.

As of today (2024-05-24), General Mills's current stock price is €64.03. General Mills's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was €32.18. General Mills's Cyclically Adjusted PS Ratio of today is 1.99.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of General Mills was 2.86. The lowest was 1.35. And the median was 2.17.


General Mills Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for General Mills'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.

General Mills Cyclically Adjusted Revenue per Share Chart

General Mills Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.11 25.44 25.18 30.81 31.61

General Mills Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 32.53 31.61 31.95 31.19 32.18

Competitive Comparison of General Mills's Cyclically Adjusted Revenue per Share

For the Packaged Foods subindustry, General Mills'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.


General Mills's Cyclically Adjusted PS Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



General Mills 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, General Mills's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=8.252/130.9299*130.9299
=8.252

Current CPI (Feb. 2024) = 130.9299.

General Mills Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 4.933 100.373 6.435
201408 5.095 100.352 6.647
201411 6.111 99.635 8.030
201502 6.245 99.032 8.257
201505 6.263 100.333 8.173
201508 6.139 100.548 7.994
201511 6.734 100.135 8.805
201602 5.933 100.040 7.765
201605 5.683 101.355 7.341
201608 5.692 101.617 7.334
201611 6.356 101.829 8.172
201702 6.023 102.779 7.673
201705 5.852 103.256 7.420
201708 5.440 103.587 6.876
201711 6.165 104.072 7.756
201802 5.397 105.052 6.726
201805 5.548 106.148 6.843
201808 5.877 106.383 7.233
201811 6.422 106.338 7.907
201902 6.119 106.649 7.512
201905 6.103 108.048 7.395
201908 5.884 108.245 7.117
201911 6.534 108.519 7.883
202002 6.255 109.139 7.504
202005 7.467 108.175 9.038
202008 5.950 109.662 7.104
202011 6.444 109.793 7.685
202102 6.035 110.968 7.121
202105 6.028 113.576 6.949
202108 6.277 115.421 7.120
202111 7.179 117.269 8.015
202202 6.528 119.703 7.140
202205 7.587 123.323 8.055
202208 7.684 124.958 8.051
202211 8.507 125.607 8.867
202302 7.993 126.928 8.245
202305 7.744 128.314 7.902
202308 7.605 129.538 7.687
202311 8.140 129.548 8.227
202402 8.252 130.930 8.252

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


General Mills  (XTER:GRM) 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.

General Mills's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=64.03/32.18
=1.99

* 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 General Mills was 2.86. The lowest was 1.35. And the median was 2.17.


Be Aware

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


General Mills Cyclically Adjusted Revenue per Share Related Terms

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


General Mills (XTER:GRM) Business Description

Address
Number One General Mills Boulevard, Minneapolis, MN, USA, 55426
General Mills is a global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2023, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.

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