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Air Lease (Air Lease) Cyclically Adjusted Revenue per Share : $19.32 (As of Mar. 2024)


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What is Air Lease 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.

Air Lease's adjusted revenue per share for the three months ended in Mar. 2024 was $5.947. 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 $19.32 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Air Lease's average Cyclically Adjusted Revenue Growth Rate was 11.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 15.20% 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 Air Lease was 15.20% per year. The lowest was 14.30% per year. And the median was 14.75% per year.

As of today (2024-06-08), Air Lease's current stock price is $45.94. Air Lease's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $19.32. Air Lease's Cyclically Adjusted PS Ratio of today is 2.38.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Air Lease was 4.40. The lowest was 1.48. And the median was 2.53.


Air Lease Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Air Lease'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.

Air Lease Cyclically Adjusted Revenue per Share Chart

Air Lease 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 11.22 12.22 14.49 16.74 18.68

Air Lease 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 17.36 17.91 18.39 18.68 19.32

Competitive Comparison of Air Lease's Cyclically Adjusted Revenue per Share

For the Rental & Leasing Services subindustry, Air Lease'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.


Air Lease's Cyclically Adjusted PS Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Air Lease's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Air Lease 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, Air Lease'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)
=5.947/131.7762*131.7762
=5.947

Current CPI (Mar. 2024) = 131.7762.

Air Lease Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.329 100.560 3.052
201409 2.371 100.428 3.111
201412 2.581 99.070 3.433
201503 2.517 99.621 3.329
201506 2.752 100.684 3.602
201509 2.831 100.392 3.716
201512 2.954 99.792 3.901
201603 3.105 100.470 4.072
201606 3.159 101.688 4.094
201609 3.205 101.861 4.146
201612 3.338 101.863 4.318
201703 3.232 102.862 4.140
201706 3.415 103.349 4.354
201709 3.373 104.136 4.268
201712 3.559 104.011 4.509
201803 3.397 105.290 4.252
201806 3.538 106.317 4.385
201809 4.006 106.507 4.956
201812 4.006 105.998 4.980
201903 4.147 107.251 5.095
201906 4.179 108.070 5.096
201909 4.687 108.329 5.701
201912 4.819 108.420 5.857
202003 4.494 108.902 5.438
202006 4.582 108.767 5.551
202009 4.332 109.815 5.198
202012 4.280 109.897 5.132
202103 4.157 111.754 4.902
202106 4.300 114.631 4.943
202109 4.586 115.734 5.222
202112 5.214 117.630 5.841
202203 5.239 121.301 5.691
202206 5.022 125.017 5.294
202209 5.053 125.227 5.317
202212 5.426 125.222 5.710
202303 5.721 127.348 5.920
202306 6.049 128.729 6.192
202309 5.922 129.860 6.009
202312 6.421 129.419 6.538
202403 5.947 131.776 5.947

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


Air Lease  (NYSE:AL) 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.

Air Lease's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=45.94/19.32
=2.38

* 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 Air Lease was 4.40. The lowest was 1.48. And the median was 2.53.


Be Aware

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


Air Lease Cyclically Adjusted Revenue per Share Related Terms

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


Air Lease (Air Lease) Business Description

Industry
Traded in Other Exchanges
Address
2000 Avenue of the Stars, Suite 1000N, Los Angeles, CA, USA, 90067
Air Lease Corp is an aircraft leasing company based in the United States. However, it derives its revenue from the Asia region. Its business involves purchasing aircraft from renowned manufacturers such as The Boeing Company (Boeing) and Airbus S.A.S and leasing them to airline companies across the world. Its suite of aircraft entails single-aisle narrow-bodied jets and twin-aisle wide-bodied aircraft. The company's primary source of revenue originates from the leasing of aircraft and to a certain extent from the provision of fleet management services to investors and owners of aircraft portfolios.
Executives
Alex A Khatibi officer: EVP C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067
Yvette Hollingsworth Clark director C/O 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067
Gregory B Willis officer: SVP FINANCE AND CFO C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 600N, LOS ANGELES CA 90067
Grant A Levy officer: EVP, GENL. COUNSEL & SECRETARY C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067
Steven F Udvar-hazy director, officer: Chairman and CEO C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067
Kishore Korde officer: EVP, Marketing 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067
Jie Chen officer: EVP & MANAGING DIRECTOR, ASIA C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067
John L Plueger director, officer: PRESIDENT AND COO C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067
Marshall O Larsen director 870 WINTER STREET, WALTHAM MA 02451
Cheryl Gordon Krongard director LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Susan Mccaw director LIONSGATE, 2700 COLORADO AVENUE, SANTA MONICA CA 90404
Marc H Baer other: EVP C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067
Carol Hyland Forsyte officer: EVP, GC, Corp Secretary & CCO C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067
John D Poerschke officer: SVP C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067
Ian M Saines director C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067