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American Express Co (FRA:AEC1) Cyclically Adjusted Revenue per Share : €55.42 (As of Mar. 2024)


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What is American Express 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.

American Express Co's adjusted revenue per share for the three months ended in Mar. 2024 was €20.134. 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 €55.42 for the trailing ten years ended in Mar. 2024.

During the past 12 months, American Express Co's average Cyclically Adjusted Revenue Growth Rate was 11.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 13.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 11.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 8.70% 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 American Express Co was 13.00% per year. The lowest was 0.50% per year. And the median was 5.20% per year.

As of today (2024-05-22), American Express Co's current stock price is €222.05. American Express Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €55.42. American Express Co's Cyclically Adjusted PS Ratio of today is 4.01.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of American Express Co was 4.31. The lowest was 1.92. And the median was 3.08.


American Express Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for American Express 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.

American Express Co Cyclically Adjusted Revenue per Share Chart

American Express 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 33.75 31.73 40.19 47.96 52.07

American Express 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 48.18 50.62 53.79 52.07 55.42

Competitive Comparison of American Express Co's Cyclically Adjusted Revenue per Share

For the Credit Services subindustry, American Express 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.


American Express Co's Cyclically Adjusted PS Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, American Express Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



American Express 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, American Express 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)
=20.134/131.7762*131.7762
=20.134

Current CPI (Mar. 2024) = 131.7762.

American Express Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.004 100.560 7.868
201409 6.154 100.428 8.075
201412 6.545 99.070 8.706
201503 7.181 99.621 9.499
201506 7.286 100.684 9.536
201509 7.322 100.392 9.611
201512 7.811 99.792 10.314
201603 7.661 100.470 10.048
201606 8.821 101.688 11.431
201609 7.504 101.861 9.708
201612 11.789 101.863 15.251
201703 9.018 102.862 11.553
201706 9.141 103.349 11.655
201709 8.847 104.136 11.195
201712 9.450 104.011 11.973
201803 9.154 105.290 11.457
201806 9.932 106.317 12.310
201809 10.109 106.507 12.507
201812 10.770 105.998 13.389
201903 10.880 107.251 13.368
201906 11.473 108.070 13.990
201909 12.065 108.329 14.676
201912 12.635 108.420 15.357
202003 11.565 108.902 13.994
202006 8.474 108.767 10.267
202009 9.299 109.815 11.159
202012 9.573 109.897 11.479
202103 9.859 111.754 11.625
202106 10.857 114.631 12.481
202109 11.956 115.734 13.613
202112 13.970 117.630 15.650
202203 14.044 121.301 15.257
202206 16.816 125.017 17.725
202209 18.216 125.227 19.169
202212 17.572 125.222 18.492
202303 17.928 127.348 18.551
202306 18.738 128.729 19.182
202309 19.612 129.860 19.901
202312 19.919 129.419 20.282
202403 20.134 131.776 20.134

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


American Express Co  (FRA:AEC1) 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.

American Express Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=222.05/55.42
=4.01

* 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 American Express Co was 4.31. The lowest was 1.92. And the median was 3.08.


Be Aware

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


American Express Co Cyclically Adjusted Revenue per Share Related Terms

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


American Express Co (FRA:AEC1) Business Description

Industry
Address
200 Vesey Street, New York, NY, USA, 10285
American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.

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