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Microsoft (BSP:MSFT34) Cyclically Adjusted Revenue per Share : R$4.56 (As of Mar. 2024)


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What is Microsoft 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.

Microsoft's adjusted revenue per share for the three months ended in Mar. 2024 was R$1.718. 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$4.56 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Microsoft's average Cyclically Adjusted Revenue Growth Rate was 13.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 15.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 13.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 11.00% 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 Microsoft was 33.90% per year. The lowest was 8.90% per year. And the median was 14.80% per year.

As of today (2024-05-22), Microsoft's current stock price is R$91.27. Microsoft's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$4.56. Microsoft's Cyclically Adjusted PS Ratio of today is 20.02.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Microsoft was 22.41. The lowest was 4.59. And the median was 10.04.


Microsoft Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Microsoft'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.

Microsoft Cyclically Adjusted Revenue per Share Chart

Microsoft Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.87 2.90 3.10 3.86 4.00

Microsoft 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 4.09 4.00 4.32 4.22 4.56

Competitive Comparison of Microsoft's Cyclically Adjusted Revenue per Share

For the Software - Infrastructure subindustry, Microsoft'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.


Microsoft's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Microsoft's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Microsoft 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, Microsoft'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)
=1.718/131.7762*131.7762
=1.718

Current CPI (Mar. 2024) = 131.7762.

Microsoft Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.260 100.560 0.341
201409 0.271 100.428 0.356
201412 0.351 99.070 0.467
201503 0.345 99.621 0.456
201506 0.353 100.684 0.462
201509 0.410 100.392 0.538
201512 0.478 99.792 0.631
201603 0.396 100.470 0.519
201606 0.476 101.688 0.617
201609 0.377 101.861 0.488
201612 0.461 101.863 0.596
201703 0.387 102.862 0.496
201706 0.450 103.349 0.574
201709 0.411 104.136 0.520
201712 0.515 104.011 0.652
201803 0.470 105.290 0.588
201806 0.607 106.317 0.752
201809 0.641 106.507 0.793
201812 0.676 105.998 0.840
201903 0.632 107.251 0.777
201906 0.700 108.070 0.854
201909 0.736 108.329 0.895
201912 0.821 108.420 0.998
202003 0.929 108.902 1.124
202006 1.074 108.767 1.301
202009 1.095 109.815 1.314
202012 1.212 109.897 1.453
202103 1.289 111.754 1.520
202106 1.276 114.631 1.467
202109 1.317 115.734 1.500
202112 1.613 117.630 1.807
202203 1.358 121.301 1.475
202206 1.454 125.017 1.533
202209 1.463 125.227 1.540
202212 1.543 125.222 1.624
202303 1.537 127.348 1.590
202306 1.522 128.729 1.558
202309 1.559 129.860 1.582
202312 1.695 129.419 1.726
202403 1.718 131.776 1.718

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


Microsoft  (BSP:MSFT34) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=91.27/4.56
=20.02

* 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 Microsoft was 22.41. The lowest was 4.59. And the median was 10.04.


Be Aware

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


Microsoft Cyclically Adjusted Revenue per Share Related Terms

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


Microsoft (BSP:MSFT34) Business Description

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Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three equally sized broad segments: productivity and business processes (legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, Windows Server OS, SQL Server), and more personal computing (Windows Client, Xbox, Bing search, display advertising, and Surface laptops, tablets, and desktops).

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