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NVR (BSP:N1VR34) Cyclically Adjusted Revenue per Share : R$218.26 (As of Mar. 2024)


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What is NVR 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.

NVR's adjusted revenue per share for the three months ended in Mar. 2024 was R$68.737. 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$218.26 for the trailing ten years ended in Mar. 2024.

During the past 12 months, NVR's average Cyclically Adjusted Revenue Growth Rate was 11.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 17.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 16.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 12.20% 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 NVR was 28.10% per year. The lowest was 4.90% per year. And the median was 10.60% per year.

As of today (2024-05-27), NVR's current stock price is R$766.50. NVR's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$218.26. NVR's Cyclically Adjusted PS Ratio of today is 3.51.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of NVR was 4.04. The lowest was 1.23. And the median was 2.60.


NVR Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for NVR'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.

NVR Cyclically Adjusted Revenue per Share Chart

NVR 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 - 150.58 181.48 214.11 208.26

NVR 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 194.83 187.45 228.57 208.26 218.26

Competitive Comparison of NVR's Cyclically Adjusted Revenue per Share

For the Residential Construction subindustry, NVR'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.


NVR's Cyclically Adjusted PS Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, NVR's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



NVR 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, NVR'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)
=68.737/131.7762*131.7762
=68.737

Current CPI (Mar. 2024) = 131.7762.

NVR Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 10.972 100.560 14.378
201409 12.936 100.428 16.974
201412 16.441 99.070 21.869
201503 14.225 99.621 18.816
201506 18.179 100.684 23.793
201509 25.518 100.392 33.496
201512 28.672 99.792 37.861
201603 20.492 100.470 26.877
201606 22.844 101.688 29.603
201609 24.284 101.861 31.416
201612 29.509 101.863 38.175
201703 19.523 102.862 25.011
201706 24.250 103.349 30.920
201709 24.541 104.136 31.055
201712 27.475 104.011 34.809
201803 23.800 105.290 29.787
201806 32.597 106.317 40.403
201809 37.598 106.507 46.518
201812 39.272 105.998 48.823
201903 32.820 107.251 40.325
201906 35.118 108.070 42.822
201909 39.555 108.329 48.116
201912 41.219 108.420 50.098
202003 39.635 108.902 47.960
202006 43.599 108.767 52.822
202009 54.623 109.815 65.547
202012 60.661 109.897 72.738
202103 58.527 111.754 69.013
202106 58.994 114.631 67.817
202109 65.898 115.734 75.032
202112 67.205 117.630 75.287
202203 64.813 121.301 70.410
202206 76.687 125.017 80.833
202209 84.004 125.227 88.398
202212 83.697 125.222 88.078
202303 65.921 127.348 68.213
202306 65.579 128.729 67.132
202309 73.526 129.860 74.611
202312 70.771 129.419 72.060
202403 68.737 131.776 68.737

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


NVR  (BSP:N1VR34) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=766.50/218.26
=3.51

* 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 NVR was 4.04. The lowest was 1.23. And the median was 2.60.


Be Aware

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


NVR Cyclically Adjusted Revenue per Share Related Terms

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


NVR (BSP:N1VR34) Business Description

Industry
Traded in Other Exchanges
Address
11700 Plaza America Drive, Suite 500, Reston, VA, USA, 20190
NVR Inc is a United States-based homebuilding company operating in over 33 metropolitan areas across the east of the Mississippi River. The company builds single-family detached homes, townhomes, and condominium buildings under three brands, Ryan Homes, NVHomes, and Heartland Homes. NVR's avoidance of direct land development activity is unique among public homebuilders and results in relatively outsize return metrics. The Virginia-based company also manages mortgage banking segment and homebuilding operating segments. The homebuilding segment includes four geographic areas; Mid-Atlantic, North East, Mid-East, and South East.

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