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Visa (FRA:3V64) Cyclically Adjusted Revenue per Share : €10.56 (As of Mar. 2024)


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What is Visa 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.

Visa's adjusted revenue per share for the three months ended in Mar. 2024 was €3.959. 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 €10.56 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Visa's average Cyclically Adjusted Revenue Growth Rate was 11.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 16.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 15.40% 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 Visa was 16.80% per year. The lowest was 14.40% per year. And the median was 15.80% per year.

As of today (2024-04-28), Visa's current stock price is €256.20. Visa's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €10.56. Visa's Cyclically Adjusted PS Ratio of today is 24.26.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Visa was 32.96. The lowest was 18.56. And the median was 24.56.


Visa Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Visa'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.

Visa Cyclically Adjusted Revenue per Share Chart

Visa Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.78 5.93 7.05 9.88 10.35

Visa 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 9.38 9.69 10.35 10.06 10.56

Competitive Comparison of Visa's Cyclically Adjusted Revenue per Share

For the Credit Services subindustry, Visa'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.


Visa's Cyclically Adjusted PS Ratio Distribution in the Credit Services Industry

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

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



Visa 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, Visa'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)
=3.959/129.4194*129.4194
=3.959

Current CPI (Mar. 2024) = 129.4194.

Visa Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.925 100.560 1.190
201409 1.005 100.428 1.295
201412 1.107 99.070 1.446
201503 1.280 99.621 1.663
201506 1.280 100.684 1.645
201509 1.303 100.392 1.680
201512 1.347 99.792 1.747
201603 1.356 100.470 1.747
201606 1.354 101.688 1.723
201609 1.557 101.861 1.978
201612 1.747 101.863 2.220
201703 1.740 102.862 2.189
201706 1.704 103.349 2.134
201709 1.720 104.136 2.138
201712 1.746 104.011 2.173
201803 1.760 105.290 2.163
201806 1.933 106.317 2.353
201809 2.020 106.507 2.455
201812 2.113 105.998 2.580
201903 2.133 107.251 2.574
201906 2.282 108.070 2.733
201909 2.472 108.329 2.953
201912 2.432 108.420 2.903
202003 2.133 108.902 2.535
202006 1.940 108.767 2.308
202009 1.959 109.815 2.309
202012 2.125 109.897 2.502
202103 2.194 111.754 2.541
202106 2.330 114.631 2.631
202109 2.562 115.734 2.865
202112 2.894 117.630 3.184
202203 3.047 121.301 3.251
202206 3.233 125.017 3.347
202209 3.719 125.227 3.844
202212 3.564 125.222 3.683
202303 3.563 127.348 3.621
202306 3.605 128.729 3.624
202309 3.908 129.860 3.895
202312 3.872 129.419 3.872
202403 3.959 129.419 3.959

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


Visa  (FRA:3V64) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=256.20/10.56
=24.26

* 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 Visa was 32.96. The lowest was 18.56. And the median was 24.56.


Be Aware

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


Visa Cyclically Adjusted Revenue per Share Related Terms

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


Visa (FRA:3V64) Business Description

Industry
Address
P.O. Box 8999, San Francisco, CA, USA, 94128-8999
Visa is the largest payment processor in the world. In fiscal 2022, it processed over $14 trillion in total volume. Visa operates in over 200 countries and processes transactions in over 160 currencies. Its systems are capable of processing over 65,000 transactions per second.

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