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Southwest Airlines Co (BSP:S1OU34) Cyclically Adjusted Revenue per Share : R$199.81 (As of Mar. 2024)


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What is Southwest Airlines Co 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.

Southwest Airlines Co's adjusted revenue per share for the three months ended in Mar. 2024 was R$52.793. 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$199.81 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Southwest Airlines Co's average Cyclically Adjusted Revenue Growth Rate was 6.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 8.80% 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 Southwest Airlines Co was 14.80% per year. The lowest was 5.70% per year. And the median was 10.90% per year.

As of today (2024-06-07), Southwest Airlines Co's current stock price is R$137.34. Southwest Airlines Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$199.81. Southwest Airlines Co's Cyclically Adjusted PS Ratio of today is 0.69.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Southwest Airlines Co was 2.68. The lowest was 0.58. And the median was 1.74.


Southwest Airlines Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Southwest Airlines Co'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.

Southwest Airlines Co Cyclically Adjusted Revenue per Share Chart

Southwest Airlines Co 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 - 156.49 186.72 189.46 187.65

Southwest Airlines Co 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 211.18 176.54 212.67 187.65 199.81

Competitive Comparison of Southwest Airlines Co's Cyclically Adjusted Revenue per Share

For the Airlines subindustry, Southwest Airlines Co'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.


Southwest Airlines Co's Cyclically Adjusted PS Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Southwest Airlines Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Southwest Airlines Co 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, Southwest Airlines Co'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)
=52.793/131.7762*131.7762
=52.793

Current CPI (Mar. 2024) = 131.7762.

Southwest Airlines Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 16.052 100.560 21.035
201409 16.240 100.428 21.309
201412 17.797 99.070 23.672
201503 20.332 99.621 26.895
201506 23.631 100.684 30.929
201509 31.308 100.392 41.096
201512 29.398 99.792 38.820
201603 27.541 100.470 36.123
201606 28.844 101.688 37.379
201609 26.749 101.861 34.605
201612 26.805 101.863 34.677
201703 24.725 102.862 31.675
201706 31.216 103.349 39.802
201709 27.779 104.136 35.152
201712 29.167 104.011 36.953
201803 27.570 105.290 34.506
201806 37.397 106.317 46.352
201809 40.257 106.507 49.808
201812 39.626 105.998 49.263
201903 35.826 107.251 44.019
201906 42.036 108.070 51.257
201909 43.502 108.329 52.918
201912 44.628 108.420 54.242
202003 40.171 108.902 48.609
202006 9.289 108.767 11.254
202009 16.411 109.815 19.693
202012 21.222 109.897 25.447
202103 18.987 111.754 22.389
202106 32.771 114.631 37.672
202109 40.693 115.734 46.333
202112 47.133 117.630 52.801
202203 39.458 121.301 42.865
202206 53.482 125.017 56.374
202209 51.041 125.227 53.711
202212 50.664 125.222 53.316
202303 50.034 127.348 51.774
202306 53.451 128.729 54.716
202309 50.352 129.860 51.095
202312 51.993 129.419 52.940
202403 52.793 131.776 52.793

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


Southwest Airlines Co  (BSP:S1OU34) 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.

Southwest Airlines Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=137.34/199.81
=0.69

* 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 Southwest Airlines Co was 2.68. The lowest was 0.58. And the median was 1.74.


Be Aware

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


Southwest Airlines Co Cyclically Adjusted Revenue per Share Related Terms

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


Southwest Airlines Co (BSP:S1OU34) Business Description

Industry
Traded in Other Exchanges
Address
P.O. Box 36611, Dallas, TX, USA, 75235-1611
Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates over 700 aircraft in an all-Boeing 737 fleet. Despite offering some longer routes and a few perks for business travelers, the airline predominantly specializes in short-haul, leisure flights, using a point-to-point network. Southwest operates a low-cost carrier business model.

Southwest Airlines Co (BSP:S1OU34) Headlines

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