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Chunghwa Telecom Co (FRA:CHWD) Cyclically Adjusted Revenue per Share : €9.64 (As of Mar. 2024)


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What is Chunghwa Telecom 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.

Chunghwa Telecom Co's adjusted revenue per share for the three months ended in Mar. 2024 was €2.043. 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 €9.64 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Chunghwa Telecom Co's average Cyclically Adjusted Revenue Growth Rate was 0.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 3.30% 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 Chunghwa Telecom Co was 5.00% per year. The lowest was 1.80% per year. And the median was 3.50% per year.

As of today (2024-06-07), Chunghwa Telecom Co's current stock price is €36.20. Chunghwa Telecom Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €9.64. Chunghwa Telecom Co's Cyclically Adjusted PS Ratio of today is 3.76.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Chunghwa Telecom Co was 4.46. The lowest was 3.21. And the median was 3.66.


Chunghwa Telecom Co Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Chunghwa Telecom 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.

Chunghwa Telecom Co Cyclically Adjusted Revenue per Share Chart

Chunghwa Telecom 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 8.94 8.71 10.14 10.02 9.75

Chunghwa Telecom 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 10.07 9.84 9.95 9.75 9.64

Competitive Comparison of Chunghwa Telecom Co's Cyclically Adjusted Revenue per Share

For the Telecom Services subindustry, Chunghwa Telecom 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.


Chunghwa Telecom Co's Cyclically Adjusted PS Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Chunghwa Telecom Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Chunghwa Telecom 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, Chunghwa Telecom 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)
=2.043/131.7762*131.7762
=2.043

Current CPI (Mar. 2024) = 131.7762.

Chunghwa Telecom Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.763 100.560 2.310
201409 1.863 100.428 2.445
201412 1.984 99.070 2.639
201503 2.135 99.621 2.824
201506 2.111 100.684 2.763
201509 1.974 100.392 2.591
201512 2.240 99.792 2.958
201603 2.019 100.470 2.648
201606 1.995 101.688 2.585
201609 2.136 101.861 2.763
201612 2.224 101.863 2.877
201703 2.141 102.862 2.743
201706 2.110 103.349 2.690
201709 2.025 104.136 2.562
201712 2.210 104.011 2.800
201803 1.919 105.290 2.402
201806 1.968 106.317 2.439
201809 1.895 106.507 2.345
201812 2.041 105.998 2.537
201903 1.895 107.251 2.328
201906 1.827 108.070 2.228
201909 1.915 108.329 2.329
201912 2.108 108.420 2.562
202003 1.862 108.902 2.253
202006 1.845 108.767 2.235
202009 1.955 109.815 2.346
202012 2.224 109.897 2.667
202103 1.916 111.754 2.259
202106 1.909 114.631 2.195
202109 2.010 115.734 2.289
202112 2.420 117.630 2.711
202203 2.104 121.301 2.286
202206 2.153 125.017 2.269
202209 2.207 125.227 2.322
202212 2.348 125.222 2.471
202303 2.105 127.348 2.178
202306 2.053 128.729 2.102
202309 2.014 129.860 2.044
202312 2.319 129.419 2.361
202403 2.043 131.776 2.043

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


Chunghwa Telecom Co  (FRA:CHWD) 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.

Chunghwa Telecom Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=36.20/9.64
=3.76

* 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 Chunghwa Telecom Co was 4.46. The lowest was 3.21. And the median was 3.66.


Be Aware

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


Chunghwa Telecom Co Cyclically Adjusted Revenue per Share Related Terms

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Chunghwa Telecom Co (FRA:CHWD) Business Description

Traded in Other Exchanges
Address
Number 21-3 Hsinyi Road, Section 1, Taipei, TWN, 100
Chunghwa Telecom Co Ltd is Taiwan's largest integrated telecom operator, providing fixed-line, wireless, and Internet and data services. The company enjoys a dominant position in all three segments. It has a market share of 35% in mobile, 85% in broadband, and greater than 95% in the fixed-line segment as measured by the number of local fixed-line subscribers. Chunghwa Telecom was privatized in 2005, with the government retaining 36.3% of the firm's ordinary shares.

Chunghwa Telecom Co (FRA:CHWD) Headlines

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