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Vakif Menkul Kiymet Yatirim Ortakligi AS (IST:VKFYO) Cyclically Adjusted Revenue per Share : ₺5.05 (As of Dec. 2023)


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What is Vakif Menkul Kiymet Yatirim Ortakligi AS 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.

Vakif Menkul Kiymet Yatirim Ortakligi AS's adjusted revenue per share for the three months ended in Dec. 2023 was ₺1.944. 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 ₺5.05 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Vakif Menkul Kiymet Yatirim Ortakligi AS's average Cyclically Adjusted Revenue Growth Rate was 1.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.90% 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 Vakif Menkul Kiymet Yatirim Ortakligi AS was 10.90% per year. The lowest was 7.30% per year. And the median was 9.10% per year.

As of today (2024-06-09), Vakif Menkul Kiymet Yatirim Ortakligi AS's current stock price is ₺23.14. Vakif Menkul Kiymet Yatirim Ortakligi AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was ₺5.05. Vakif Menkul Kiymet Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio of today is 4.58.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Vakif Menkul Kiymet Yatirim Ortakligi AS was 7.33. The lowest was 0.24. And the median was 1.50.


Vakif Menkul Kiymet Yatirim Ortakligi AS Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Vakif Menkul Kiymet Yatirim Ortakligi AS'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.

Vakif Menkul Kiymet Yatirim Ortakligi AS Cyclically Adjusted Revenue per Share Chart

Vakif Menkul Kiymet Yatirim Ortakligi AS 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 4.02 3.70 4.16 4.97 5.05

Vakif Menkul Kiymet Yatirim Ortakligi AS 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 4.97 5.00 4.92 4.98 5.05

Competitive Comparison of Vakif Menkul Kiymet Yatirim Ortakligi AS's Cyclically Adjusted Revenue per Share

For the Asset Management subindustry, Vakif Menkul Kiymet Yatirim Ortakligi AS'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.


Vakif Menkul Kiymet Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Vakif Menkul Kiymet Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Vakif Menkul Kiymet Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio falls into.



Vakif Menkul Kiymet Yatirim Ortakligi AS 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, Vakif Menkul Kiymet Yatirim Ortakligi AS'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)
=1.944/129.4194*129.4194
=1.944

Current CPI (Dec. 2023) = 129.4194.

Vakif Menkul Kiymet Yatirim Ortakligi AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.546 99.695 0.709
201406 0.507 100.560 0.653
201409 0.509 100.428 0.656
201412 0.473 99.070 0.618
201503 0.446 99.621 0.579
201506 0.469 100.684 0.603
201509 0.549 100.392 0.708
201512 0.703 99.792 0.912
201603 0.891 100.470 1.148
201606 1.163 101.688 1.480
201609 1.110 101.861 1.410
201612 1.409 101.863 1.790
201703 2.092 102.862 2.632
201706 2.086 103.349 2.612
201709 2.181 104.136 2.711
201712 2.176 104.011 2.708
201803 0.600 105.290 0.738
201806 1.287 106.317 1.567
201809 0.456 106.507 0.554
201812 0.465 105.998 0.568
201903 0.440 107.251 0.531
201906 0.117 108.070 0.140
201909 0.299 108.329 0.357
201912 0.363 108.420 0.433
202003 0.898 108.902 1.067
202006 0.466 108.767 0.554
202009 0.389 109.815 0.458
202012 0.490 109.897 0.577
202103 2.242 111.754 2.596
202106 0.672 114.631 0.759
202109 1.074 115.734 1.201
202112 1.555 117.630 1.711
202203 1.149 121.301 1.226
202206 1.064 125.017 1.101
202209 1.234 125.227 1.275
202212 5.750 125.222 5.943
202303 0.936 127.348 0.951
202306 0.746 128.729 0.750
202309 1.615 129.860 1.610
202312 1.944 129.419 1.944

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


Vakif Menkul Kiymet Yatirim Ortakligi AS  (IST:VKFYO) 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.

Vakif Menkul Kiymet Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=23.14/5.05
=4.58

* 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 Vakif Menkul Kiymet Yatirim Ortakligi AS was 7.33. The lowest was 0.24. And the median was 1.50.


Be Aware

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


Vakif Menkul Kiymet Yatirim Ortakligi AS Cyclically Adjusted Revenue per Share Related Terms

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


Vakif Menkul Kiymet Yatirim Ortakligi AS (IST:VKFYO) Business Description

Traded in Other Exchanges
N/A
Address
Ebulula Mardin Caddesi No.18, Park Maya Sitesi F2/A Blok, Akatlar Be?ikta?, Istanbul, TUR
Vakif Menkul Kiymet Yatirim Ortakligi A.S. is a Turkish company which is engaged in the investment and portfolio management of capital market instruments traded on the domestic and international stock exchanges, as well as other organized over-the-counter markets.

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