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Vedanta (BOM:500295) Cyclically Adjusted Revenue per Share : ₹346.60 (As of Mar. 2024)


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What is Vedanta 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.

Vedanta's adjusted revenue per share for the three months ended in Mar. 2024 was ₹93.414. 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 ₹346.60 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Vedanta's average Cyclically Adjusted Revenue Growth Rate was 3.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.80% 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 Vedanta was 9.80% per year. The lowest was 9.80% per year. And the median was 9.80% per year.

As of today (2024-05-13), Vedanta's current stock price is ₹413.95. Vedanta's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹346.60. Vedanta's Cyclically Adjusted PS Ratio of today is 1.19.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Vedanta was 1.51. The lowest was 0.36. And the median was 0.89.


Vedanta Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Vedanta'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.

Vedanta Cyclically Adjusted Revenue per Share Chart

Vedanta Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 261.91 284.00 334.54 346.60

Vedanta 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 334.54 350.52 349.40 352.24 346.60

Competitive Comparison of Vedanta's Cyclically Adjusted Revenue per Share

For the Other Industrial Metals & Mining subindustry, Vedanta'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.


Vedanta's Cyclically Adjusted PS Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Vedanta's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Vedanta 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, Vedanta'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)
=93.414/153.2548*153.2548
=93.414

Current CPI (Mar. 2024) = 153.2548.

Vedanta Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 57.675 94.103 93.929
201409 65.576 96.780 103.842
201412 64.464 96.780 102.081
201503 59.815 97.163 94.346
201506 57.163 99.841 87.745
201509 58.483 101.753 88.084
201512 49.584 102.901 73.848
201603 53.341 102.518 79.740
201606 51.575 105.961 74.595
201609 56.558 105.961 81.802
201612 68.404 105.196 99.654
201703 66.097 105.196 96.293
201706 52.060 107.109 74.489
201709 58.066 109.021 81.625
201712 65.501 109.404 91.755
201803 66.310 109.786 92.565
201806 59.680 111.317 82.164
201809 60.297 115.142 80.256
201812 63.609 115.142 84.664
201903 59.945 118.202 77.722
201906 56.874 120.880 72.106
201909 58.427 123.175 72.695
201912 56.774 126.235 68.926
202003 52.706 124.705 64.772
202006 42.065 127.000 50.761
202009 56.162 130.118 66.148
202012 47.190 130.889 55.254
202103 74.755 131.771 86.943
202106 75.253 134.084 86.012
202109 80.605 135.847 90.934
202112 90.393 138.161 100.268
202203 105.563 138.822 116.538
202206 102.441 142.347 110.291
202209 97.207 144.661 102.982
202212 90.244 145.763 94.882
202303 98.215 146.865 102.488
202306 89.165 150.280 90.930
202309 103.769 151.492 104.976
202312 93.456 153.255 93.456
202403 93.414 153.255 93.414

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


Vedanta  (BOM:500295) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=413.95/346.6
=1.19

* 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 Vedanta was 1.51. The lowest was 0.36. And the median was 0.89.


Be Aware

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


Vedanta Cyclically Adjusted Revenue per Share Related Terms

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


Vedanta (BOM:500295) Business Description

Industry
Traded in Other Exchanges
Address
Unit 103, Corporate Avenue, 1st Floor, C Wing, Atul Projects, Chakala, Andheri (East), Mumbai, MH, IND, 400093
Vedanta Ltd is a diversified natural resource company engaged in exploring, extracting and processing minerals and oil and gas. It focused on zinc, lead, silver, aluminium, copper, iron ore, oil and gas, and commercial power. The company has operations across India, South Africa, Namibia, Ireland, and Australia. The company has five reportable segments: oil and gas, aluminium, copper, iron ore and power. It derives the majority of revenue from the aluminium segment.

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