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SAP SE (BUD:SAP) Cyclically Adjusted Revenue per Share : Ft9,801.74 (As of Mar. 2024)


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What is SAP SE 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.

SAP SE's adjusted revenue per share for the three months ended in Mar. 2024 was Ft2,652.905. 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 Ft9,801.74 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SAP SE'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 10.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 8.90% 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 SAP SE was 10.00% per year. The lowest was 7.70% per year. And the median was 8.80% per year.

As of today (2024-05-22), SAP SE's current stock price is Ft66000.00. SAP SE's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was Ft9,801.74. SAP SE's Cyclically Adjusted PS Ratio of today is 6.73.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of SAP SE was 7.76. The lowest was 3.76. And the median was 5.90.


SAP SE Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for SAP SE'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.

SAP SE Cyclically Adjusted Revenue per Share Chart

SAP SE 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 - - - - 9,220.28

SAP SE 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 8,792.36 8,668.05 9,600.70 9,220.28 9,801.74

Competitive Comparison of SAP SE's Cyclically Adjusted Revenue per Share

For the Software - Application subindustry, SAP SE'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.


SAP SE's Cyclically Adjusted PS Ratio Distribution in the Software Industry

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

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



SAP SE 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, SAP SE'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)
=2652.905/125.0381*125.0381
=2,652.905

Current CPI (Mar. 2024) = 125.0381.

SAP SE Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1,686.142 99.543 2,118.008
201409 1,637.541 99.823 2,051.191
201412 2,009.970 99.543 2,524.777
201503 1,453.809 99.717 1,822.981
201506 1,666.231 100.417 2,074.778
201509 1,671.260 100.417 2,081.040
201512 2,058.514 99.717 2,581.242
201603 1,571.098 100.017 1,964.143
201606 1,755.916 100.717 2,179.938
201609 1,800.507 101.017 2,228.659
201612 2,117.279 101.217 2,615.576
201703 1,687.048 101.417 2,079.982
201706 1,937.069 102.117 2,371.862
201709 1,989.888 102.717 2,422.302
201712 2,411.664 102.617 2,938.593
201803 1,944.269 102.917 2,362.168
201806 2,100.808 104.017 2,525.359
201809 2,105.701 104.718 2,514.316
201812 2,532.407 104.217 3,038.335
201903 2,063.125 104.217 2,475.299
201906 2,245.664 105.718 2,656.072
201909 2,241.593 106.018 2,643.752
201912 2,677.457 105.818 3,163.785
202003 2,165.046 105.718 2,560.721
202006 2,302.881 106.618 2,700.749
202009 2,334.724 105.818 2,758.799
202012 2,783.822 105.518 3,298.822
202103 2,291.503 107.518 2,664.907
202106 2,437.132 108.486 2,808.979
202109 2,442.226 109.435 2,790.443
202112 2,429.940 110.384 2,752.541
202203 2,266.017 113.968 2,486.121
202206 2,321.926 115.760 2,508.018
202209 2,258.506 118.818 2,376.742
202212 2,601.358 119.345 2,725.453
202303 2,428.453 122.402 2,480.745
202306 2,482.356 123.140 2,520.611
202309 2,506.438 124.195 2,523.461
202312 2,793.445 123.773 2,821.999
202403 2,652.905 125.038 2,652.905

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


SAP SE  (BUD:SAP) 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.

SAP SE's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=66000.00/9801.74
=6.73

* 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 SAP SE was 7.76. The lowest was 3.76. And the median was 5.90.


Be Aware

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


SAP SE Cyclically Adjusted Revenue per Share Related Terms

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


SAP SE (BUD:SAP) Business Description

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Founded in 1972 by former IBM employees, SAP provides database technology and enterprise resource planning software to enterprises around the world. Across more than 180 countries, the company serves 440,000 customers, approximately 80% of which are small- to medium-size enterprises.