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Northern Trust (BSP:N1TR34) Cyclically Adjusted Revenue per Share : R$77.98 (As of Mar. 2024)


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What is Northern Trust 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.

Northern Trust's adjusted revenue per share for the three months ended in Mar. 2024 was R$19.989. 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$77.98 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Northern Trust's average Cyclically Adjusted Revenue Growth Rate was 4.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.50% 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 Northern Trust was 11.20% per year. The lowest was 4.20% per year. And the median was 7.30% per year.

As of today (2024-05-15), Northern Trust's current stock price is R$212.52. Northern Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$77.98. Northern Trust's Cyclically Adjusted PS Ratio of today is 2.73.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Northern Trust was 5.72. The lowest was 2.07. And the median was 4.05.


Northern Trust Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Northern Trust'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.

Northern Trust Cyclically Adjusted Revenue per Share Chart

Northern Trust 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 - 54.03 60.57 76.12 74.63

Northern Trust 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 80.84 74.20 80.78 74.63 77.98

Competitive Comparison of Northern Trust's Cyclically Adjusted Revenue per Share

For the Asset Management subindustry, Northern Trust'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.


Northern Trust's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Northern Trust's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Northern Trust 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, Northern Trust'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)
=19.989/129.4194*129.4194
=19.989

Current CPI (Mar. 2024) = 129.4194.

Northern Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 5.087 100.560 6.547
201409 5.305 100.428 6.836
201412 6.316 99.070 8.251
201503 7.574 99.621 9.840
201506 7.646 100.684 9.828
201509 9.630 100.392 12.414
201512 9.665 99.792 12.534
201603 9.575 100.470 12.334
201606 8.967 101.688 11.412
201609 8.657 101.861 10.999
201612 9.017 101.863 11.456
201703 8.709 102.862 10.958
201706 9.439 103.349 11.820
201709 9.188 104.136 11.419
201712 10.291 104.011 12.805
201803 10.658 105.290 13.101
201806 12.587 106.317 15.322
201809 13.530 106.507 16.441
201812 13.184 105.998 16.097
201903 12.970 107.251 15.651
201906 13.374 108.070 16.016
201909 14.788 108.329 17.667
201912 14.996 108.420 17.900
202003 18.487 108.902 21.970
202006 18.733 108.767 22.290
202009 19.214 109.815 22.644
202012 18.735 109.897 22.063
202103 21.351 111.754 24.726
202106 18.998 114.631 21.449
202109 20.641 115.734 23.082
202112 22.596 117.630 24.861
202203 20.480 121.301 21.851
202206 21.315 125.017 22.066
202209 22.025 125.227 22.762
202212 19.071 125.222 19.710
202303 21.767 127.348 22.121
202306 20.469 128.729 20.579
202309 20.571 129.860 20.501
202312 18.336 129.419 18.336
202403 19.989 129.419 19.989

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


Northern Trust  (BSP:N1TR34) 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.

Northern Trust's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=212.52/77.98
=2.73

* 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 Northern Trust was 5.72. The lowest was 2.07. And the median was 4.05.


Be Aware

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


Northern Trust Cyclically Adjusted Revenue per Share Related Terms

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


Northern Trust (BSP:N1TR34) Business Description

Traded in Other Exchanges
Address
50 South La Salle Street, Chicago, IL, USA, 60603
Northern Trust is a leading provider of wealth management, asset servicing, asset management, and banking to corporations, institutions, affluent families, and individuals. Founded in Chicago in 1889, Northern Trust has offices in 20 states and Washington, D.C. as well as 23 locations in Canada, Europe, the Middle East, and Asia-Pacific. As of Dec. 31, 2022, Northern Trust had assets under custody or administration of $13.6 trillion and assets under management of $1.2 trillion.

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