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Dover (DOV) Cyclically Adjusted Revenue per Share : $58.47 (As of Mar. 2024)


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What is Dover 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.

Dover's adjusted revenue per share for the three months ended in Mar. 2024 was $14.971. 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 $58.47 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Dover's average Cyclically Adjusted Revenue Growth Rate was 4.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 4.30% 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 Dover was 9.60% per year. The lowest was 2.30% per year. And the median was 6.00% per year.

As of today (2024-05-22), Dover's current stock price is $186.06. Dover's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $58.47. Dover's Cyclically Adjusted PS Ratio of today is 3.18.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Dover was 3.64. The lowest was 1.05. And the median was 1.97.


Dover Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Dover'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.

Dover Cyclically Adjusted Revenue per Share Chart

Dover 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 44.99 46.27 50.27 54.87 57.31

Dover 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 55.97 56.62 57.17 57.31 58.47

Competitive Comparison of Dover's Cyclically Adjusted Revenue per Share

For the Specialty Industrial Machinery subindustry, Dover'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.


Dover's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dover's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Dover 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, Dover'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)
=14.971/131.7762*131.7762
=14.971

Current CPI (Mar. 2024) = 131.7762.

Dover Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 11.623 100.560 15.231
201409 11.937 100.428 15.663
201412 11.909 99.070 15.841
201503 10.504 99.621 13.894
201506 10.964 100.684 14.350
201509 11.418 100.392 14.988
201512 10.838 99.792 14.312
201603 10.388 100.470 13.625
201606 10.769 101.688 13.955
201609 10.891 101.861 14.090
201612 6.546 101.863 8.468
201703 11.521 102.862 14.759
201706 11.030 103.349 14.064
201709 11.093 104.136 14.037
201712 11.072 104.011 14.028
201803 10.425 105.290 13.048
201806 11.681 106.317 14.478
201809 11.692 106.507 14.466
201812 12.202 105.998 15.169
201903 11.740 107.251 14.425
201906 12.303 108.070 15.002
201909 12.413 108.329 15.100
201912 12.095 108.420 14.701
202003 11.359 108.902 13.745
202006 10.339 108.767 12.526
202009 12.033 109.815 14.439
202012 12.225 109.897 14.659
202103 12.888 111.754 15.197
202106 14.000 114.631 16.094
202109 13.877 115.734 15.800
202112 13.678 117.630 15.323
202203 14.119 121.301 15.338
202206 14.922 125.017 15.729
202209 15.066 125.227 15.854
202212 15.156 125.222 15.949
202303 14.785 127.348 15.299
202306 14.939 128.729 15.293
202309 15.313 129.860 15.539
202312 14.978 129.419 15.251
202403 14.971 131.776 14.971

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


Dover  (NYSE:DOV) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=186.06/58.47
=3.18

* 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 Dover was 3.64. The lowest was 1.05. And the median was 1.97.


Be Aware

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


Dover Cyclically Adjusted Revenue per Share Related Terms

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


Dover (DOV) Business Description

Industry
Traded in Other Exchanges
Address
3005 Highland Parkway, Downers Grove, IL, USA, 60515
Dover is a diversified industrial manufacturing company with products and services that include digital printing for fast-moving consuming goods, marking and coding for the food and beverage industry, loaders for the waste collection industry, pumps for the transport of fluids, including petroleum and natural gas, and commercial refrigerators used in groceries and convenience stores. Most of the business operates in the United States. After the spinoff of Apergy, the company operates through five segments: engineered systems, clean energy and fueling solutions, imaging and identification, pumps and process solutions, and climate and sustainability technologies equipment.
Executives
Brad M Cerepak officer: Senior Vice President and CFO C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Anthony K Kosinski officer: Vice President, Tax 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Marc A Howze director DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Danita K Ostling director 1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Michael Mark Manley director 1000 CHRYSLER DRIVE, CIMS 485-09-96, AUBURN HILLS MI 48326
David J. Malinas officer: SVP, Operations 36411 SOUTH PARK DRIVE, AVON OH 44011
Richard J Tobin director, officer: CEO and President 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Kristiane C Graham director C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Ivonne M Cabrera officer: SVP and General Counsel C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Kimberly Bors officer: SVP, Human Resources C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Ryan Paulson officer: VP, Controller 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
James M Moran officer: Vice President, Treasurer C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Girish Juneja officer: SVP, Chief Digital Officer 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Deborah L Dehaas director 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Mary A Winston director 557 BROADWAY, C/O SCHOLASTIC CORP, NEW YORK NY 10012

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