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First Acceptance (First Acceptance) Cyclically Adjusted Revenue per Share : $9.75 (As of Mar. 2024)


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What is First Acceptance 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.

First Acceptance's adjusted revenue per share for the three months ended in Mar. 2024 was $3.755. 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 $9.75 for the trailing ten years ended in Mar. 2024.

During the past 12 months, First Acceptance's average Cyclically Adjusted Revenue Growth Rate was 7.90% 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 First Acceptance was 106.80% per year. The lowest was -24.20% per year. And the median was 6.05% per year.

As of today (2024-05-20), First Acceptance's current stock price is $3.44. First Acceptance's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $9.75. First Acceptance's Cyclically Adjusted PS Ratio of today is 0.35.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of First Acceptance was 0.54. The lowest was 0.08. And the median was 0.19.


First Acceptance Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for First Acceptance'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.

First Acceptance Cyclically Adjusted Revenue per Share Chart

First Acceptance 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 7.24 7.50 8.26 8.88 -

First Acceptance Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 8.88 9.10 9.29 - 9.75

Competitive Comparison of First Acceptance's Cyclically Adjusted Revenue per Share

For the Insurance - Specialty subindustry, First Acceptance'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.


First Acceptance's Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, First Acceptance's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



First Acceptance 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, First Acceptance'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)
=3.755/131.7762*131.7762
=3.755

Current CPI (Mar. 2024) = 131.7762.

First Acceptance Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.515 99.695 2.003
201406 1.626 100.560 2.131
201409 1.589 100.428 2.085
201412 1.646 99.070 2.189
201503 1.818 99.621 2.405
201506 1.948 100.684 2.550
201509 2.135 100.392 2.802
201512 2.157 99.792 2.848
201603 2.361 100.470 3.097
201606 2.502 101.688 3.242
201609 2.485 101.861 3.215
201612 2.135 101.863 2.762
201703 2.139 102.862 2.740
201706 2.221 103.349 2.832
201709 2.085 104.136 2.638
201712 1.992 104.011 2.524
201803 2.000 105.290 2.503
201806 2.086 106.317 2.586
201809 1.943 106.507 2.404
201812 1.760 105.998 2.188
201903 1.832 107.251 2.251
201906 1.836 108.070 2.239
201909 1.694 108.329 2.061
201912 1.619 108.420 1.968
202003 1.536 108.902 1.859
202006 1.814 108.767 2.198
202009 1.817 109.815 2.180
202012 1.749 109.897 2.097
202103 1.786 111.754 2.106
202106 1.913 114.631 2.199
202109 1.997 115.734 2.274
202112 1.750 117.630 1.960
202203 1.783 121.301 1.937
202206 1.857 125.017 1.957
202209 2.034 125.227 2.140
202212 2.324 125.222 2.446
202303 2.578 127.348 2.668
202306 2.948 128.729 3.018
202312 0.000 129.419 0.000
202403 3.755 131.776 3.755

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


First Acceptance  (OTCPK:FACO) 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.

First Acceptance's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=3.44/9.75
=0.35

* 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 First Acceptance was 0.54. The lowest was 0.08. And the median was 0.19.


Be Aware

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


First Acceptance Cyclically Adjusted Revenue per Share Related Terms

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


First Acceptance (First Acceptance) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3813 Green Hills Village Drive, Nashville, TN, USA, 37215
First Acceptance Corp is engaged in the financial services sector. It is principally a retailer, servicer, and underwriter of non-standard personal automobile insurance. The company's operations generate revenue from selling non-standard personal automobile insurance products and related products in the United States. Its suite of products comprises auto insurance, renters, motorcycle, roadside assistance, and hospital insurance. the company also operates a real estate and corporate segment, which consists of the activities related to the disposition of foreclosed real estate held for sale, interest expenses associated with all debt, and other general corporate overhead expenses.
Executives
Rhodes R Bobbitt director 4500 ROLAND, #905, DALLAS TX 75219
Kenneth D Russell director 200 CRESCENT COURT, SUITE 1350, DALLAS TX 75201
Tom C Nichols director 4500 MERCANTILE PLAZA DRIVE, SUITE 300, FORT WORTH TX 76137
Brent J Gay officer: Chief Financial Officer 3813 GREEN HILLS VILLAGE DRIVE, NASHVILLE TN 37215
Olson Lyndon L Jr director 3812 GREENLEAF DRIVE, WACO TX 76710
Jeremy B Ford director
Mark A Kelly officer: Interim CEO & President 5722 WEST HANOVER, DALLAS TX 75209
Joseph S. Borbely officer: President 1572 VANDAGRIFF WAY, CORONA CA 92883
John R Barnett officer: Sr. Vice President of Finance 111 CONGRESSIONAL BLVD, STE 500, CARMEL IN 46032
Daniel L. Walker officer: Sr. VP of Operations 3322 WEST END AVENUE, NASHVILLE TN 37203
Harrison Thomas Marshall Jr director, 10 percent owner, officer: Exec. VP & Secretary 3813 GREEN HILLS VILLAGE DRIVE, NASHVILLE TN 37215
Gerald J Ford director, 10 percent owner, officer: Chairman 200 CRESCENT CT STE 1350, DALLAS TX 75201
Keith E. Bornemann officer: Corporate Controller 3322 WEST END AVENUE, NASHVILLE TN 37203
Shipp William A Jr director 9015 ENGLLISH WOOD COURT, BRENTWOOD TN 37027
Kevin P Cohn officer: VP & Chief Accounting Officer 4400 POST OAK PARKWAY, STE 1100, HOUSTON TX 77027