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Lamar Advertising Co (Lamar Advertising Co) Cyclically Adjusted Revenue per Share : $19.55 (As of Dec. 2023)


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What is Lamar Advertising Co 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.

Lamar Advertising Co's adjusted revenue per share for the three months ended in Dec. 2023 was $5.441. 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 $19.55 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Lamar Advertising Co's average Cyclically Adjusted Revenue Growth Rate was 5.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.20% 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 Lamar Advertising Co was 12.70% per year. The lowest was 3.10% per year. And the median was 4.60% per year.

As of today (2024-04-27), Lamar Advertising Co's current stock price is $114.37. Lamar Advertising Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $19.55. Lamar Advertising Co's Cyclically Adjusted PS Ratio of today is 5.85.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Lamar Advertising Co was 7.27. The lowest was 2.46. And the median was 4.91.


Lamar Advertising Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Lamar Advertising Co'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.

Lamar Advertising Co Cyclically Adjusted Revenue per Share Chart

Lamar Advertising Co 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 15.33 15.69 17.09 18.58 19.55

Lamar Advertising Co 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 18.58 18.98 19.26 19.52 19.55

Competitive Comparison of Lamar Advertising Co's Cyclically Adjusted Revenue per Share

For the REIT - Specialty subindustry, Lamar Advertising Co'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.


Lamar Advertising Co's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Lamar Advertising Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Lamar Advertising Co 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, Lamar Advertising Co'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)
=5.441/129.4194*129.4194
=5.441

Current CPI (Dec. 2023) = 129.4194.

Lamar Advertising Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 3.002 99.695 3.897
201406 3.457 100.560 4.449
201409 3.499 100.428 4.509
201412 3.527 99.070 4.607
201503 3.159 99.621 4.104
201506 3.568 100.684 4.586
201509 3.630 100.392 4.680
201512 3.683 99.792 4.776
201603 3.476 100.470 4.478
201606 3.965 101.688 5.046
201609 3.959 101.861 5.030
201612 3.951 101.863 5.020
201703 3.529 102.862 4.440
201706 4.034 103.349 5.052
201709 4.055 104.136 5.040
201712 4.047 104.011 5.036
201803 3.657 105.290 4.495
201806 4.247 106.317 5.170
201809 4.216 106.507 5.123
201812 4.290 105.998 5.238
201903 3.848 107.251 4.643
201906 4.477 108.070 5.361
201909 4.554 108.329 5.441
201912 4.597 108.420 5.487
202003 4.030 108.902 4.789
202006 3.447 108.767 4.101
202009 3.826 109.815 4.509
202012 4.242 109.897 4.996
202103 3.667 111.754 4.247
202106 4.392 114.631 4.959
202109 4.703 115.734 5.259
202112 4.872 117.630 5.360
202203 4.445 121.301 4.742
202206 5.094 125.017 5.273
202209 5.186 125.227 5.360
202212 5.263 125.222 5.439
202303 4.623 127.348 4.698
202306 5.300 128.729 5.328
202309 5.313 129.860 5.295
202312 5.441 129.419 5.441

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


Lamar Advertising Co  (NAS:LAMR) 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.

Lamar Advertising Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=114.37/19.55
=5.85

* 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 Lamar Advertising Co was 7.27. The lowest was 2.46. And the median was 4.91.


Be Aware

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


Lamar Advertising Co Cyclically Adjusted Revenue per Share Related Terms

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


Lamar Advertising Co (Lamar Advertising Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Lamar Advertising Co (NAS:LAMR) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
5321 Corporate Boulevard, Baton Rouge, LA, USA, 70808
Lamar Advertising Co is an outdoor advertising company organized as a real estate investment trust for U.S. federal income tax purposes. Lamar's core revenue-generating activity is leasing space for advertising on billboards, buses, shelters, benches, logo plates, and airport terminals through short-term agreements. The company is involved in this process from ad copy production to the placement and maintenance of physical advertisements. The vast majority of Lamar's revenue comes from renting ad space on its portfolio of static and digital roadside billboard displays in the U.S. The states of Pennsylvania and Texas house a proportion of these. The company's customers are restaurant, service, healthcare, and retail firms in terms of total revenue.
Executives
Jay Lecoryelle Johnson officer: CFO, Treasurer, EVP C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
Nancy Fletcher director 5321 CORPORATE BOULEVARD, BATON ROUGE LA 70808
Thomas V Reifenheiser director C/O LAMAR CORP, 5551 CORPORATE BLVD, BATON ROUGE LA 70808
Wendell Reilly director C/O BERMAN CAPITAL ADVISORS, 3475 LENOX RD. STE. 760, ATLANTA GA 30326
Koerner John E Iii director 200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Anna Reilly director C/O LAMAR ADVERTISING COMPANY, 5321 CORPORATE BLVD, BATON ROUGE LA 70808
Stephen P Mumblow director 790 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Elizabeth Mary Thompson director 5321 CORPORATE BOULEVARD, BATON ROUGE LA 70808
Keith A Istre officer: Chief Financial Officer C/O LAMAR CORP, 5321 CORPORATE BLVD, BATON ROUGE LA 70808
Sean E Reilly officer: Chief Operating Officer 5321 CORPORATE BLVD, BATON ROUGE LA 70808
Marshall A Loeb director C/O EASTGROUP PROPERTIES, INC., 190 EAST CAPITOL STREET, JACKSON MS 39201
John Maxwell Hamilton director C/O LAMAR CORP, 5551 CORPORATE BLVD, BATON ROUGE LA 70808
Reilly Kevin P Jr director, officer: President and CEO C/O LAMAR CORP, 5321 CORPORATE BLVD, BATON ROUGE LA 70808
Spo Advisory Corp 10 percent owner PO BOX 2722, C/O SPO PARTNERS & CO, SAN ANSELMO CA 94979
Abrams Capital Management, L.p. 10 percent owner 222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116