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Harley-Davidson (BSP:H1OG34) Cyclically Adjusted Revenue per Share : R$200.53 (As of Mar. 2024)


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What is Harley-Davidson 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.

Harley-Davidson's adjusted revenue per share for the three months ended in Mar. 2024 was R$62.906. 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 R$200.53 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Harley-Davidson's average Cyclically Adjusted Revenue Growth Rate was 4.80% 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 6.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 4.90% 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 Harley-Davidson was 15.60% per year. The lowest was 3.70% per year. And the median was 7.30% per year.

As of today (2024-06-01), Harley-Davidson's current stock price is R$186.12. Harley-Davidson's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$200.53. Harley-Davidson's Cyclically Adjusted PS Ratio of today is 0.93.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Harley-Davidson was 2.93. The lowest was 0.48. And the median was 1.42.


Harley-Davidson Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Harley-Davidson'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.

Harley-Davidson Cyclically Adjusted Revenue per Share Chart

Harley-Davidson 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 - 166.63 192.50 189.93 188.57

Harley-Davidson 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 192.84 185.74 196.23 188.57 200.53

Competitive Comparison of Harley-Davidson's Cyclically Adjusted Revenue per Share

For the Recreational Vehicles subindustry, Harley-Davidson'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.


Harley-Davidson's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Harley-Davidson's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Harley-Davidson 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, Harley-Davidson'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)
=62.906/131.7762*131.7762
=62.906

Current CPI (Mar. 2024) = 131.7762.

Harley-Davidson Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 20.412 100.560 26.749
201409 14.030 100.428 18.409
201412 14.795 99.070 19.679
201503 24.814 99.621 32.823
201506 27.216 100.684 35.621
201509 25.135 100.392 32.993
201512 24.128 99.792 31.861
201603 35.132 100.470 46.079
201606 35.134 101.688 45.530
201609 23.127 101.861 29.919
201612 20.998 101.863 27.164
201703 26.528 102.862 33.985
201706 33.178 103.349 42.304
201709 21.127 104.136 26.735
201712 23.986 104.011 30.389
201803 29.890 105.290 37.409
201806 38.639 106.317 47.892
201809 32.435 106.507 40.130
201812 27.304 105.998 33.944
201903 33.226 107.251 40.824
201906 39.485 108.070 48.147
201909 33.401 108.329 40.630
201912 28.425 108.420 34.548
202003 41.260 108.902 49.927
202006 29.303 108.767 35.502
202009 40.897 109.815 49.076
202012 24.186 109.897 29.001
202103 51.887 111.754 61.183
202106 49.673 114.631 57.102
202109 46.465 115.734 52.906
202112 37.032 117.630 41.486
202203 48.340 121.301 52.515
202206 50.161 125.017 52.873
202209 58.777 125.227 61.851
202212 40.267 125.222 42.375
202303 62.556 127.348 64.731
202306 48.126 128.729 49.265
202309 53.009 129.860 53.791
202312 36.490 129.419 37.155
202403 62.906 131.776 62.906

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


Harley-Davidson  (BSP:H1OG34) 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.

Harley-Davidson's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=186.12/200.53
=0.93

* 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 Harley-Davidson was 2.93. The lowest was 0.48. And the median was 1.42.


Be Aware

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


Harley-Davidson Cyclically Adjusted Revenue per Share Related Terms

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


Harley-Davidson (BSP:H1OG34) Business Description

Address
3700 West Juneau Avenue, Milwaukee, WI, USA, 53208
Harley-Davidson is a global leading manufacturer of heavyweight motorcycles, merchandise, parts, and accessories. It sells custom, cruiser, and touring motorcycles and offers a complete line of Harley-Davidson motorcycle parts, accessories, riding gear, and apparel, as well as merchandise. Harley-Davidson Financial Services provides wholesale financing to dealers and retail financing and insurance brokerage services to customers. Harley has historically captured about half of all heavyweight domestic retail motorcycle registrations, a metric it had ceded in 2020 as it repositioned the business, and has yet to restore (at 39% in the third quarter). In recent years the firm has expanded into the adventure touring market with its Pan America model and into electric with the LiveWire brand.

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