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Janus Henderson Group (FRA:HDJA) Cyclically Adjusted Revenue per Share : €13.25 (As of Mar. 2024)


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What is Janus Henderson Group 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.

Janus Henderson Group's adjusted revenue per share for the three months ended in Mar. 2024 was €3.219. 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 €13.25 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Janus Henderson Group's average Cyclically Adjusted Revenue Growth Rate was 2.70% 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.

As of today (2024-06-07), Janus Henderson Group's current stock price is €29.20. Janus Henderson Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €13.25. Janus Henderson Group's Cyclically Adjusted PS Ratio of today is 2.20.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Janus Henderson Group was 2.34. The lowest was 1.46. And the median was 1.86.


Janus Henderson Group Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Janus Henderson Group'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.

Janus Henderson Group Cyclically Adjusted Revenue per Share Chart

Janus Henderson Group 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 - - - 13.44 13.19

Janus Henderson Group 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 12.37 12.30 13.00 13.19 13.25

Competitive Comparison of Janus Henderson Group's Cyclically Adjusted Revenue per Share

For the Asset Management subindustry, Janus Henderson Group'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.


Janus Henderson Group's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Janus Henderson Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Janus Henderson Group 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, Janus Henderson Group'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)
=3.219/131.6000*131.6000
=3.219

Current CPI (Mar. 2024) = 131.6000.

Janus Henderson Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201206 0.000 95.600 0.000
201212 0.000 97.300 0.000
201306 0.000 98.000 0.000
201312 0.000 99.200 0.000
201406 0.000 99.800 0.000
201412 0.000 99.900 0.000
201506 0.000 100.100 0.000
201512 0.000 100.400 0.000
201606 2.076 101.000 2.705
201609 1.918 101.500 2.487
201612 2.268 102.200 2.920
201703 1.970 102.700 2.524
201706 2.455 103.500 3.122
201709 2.400 104.300 3.028
201712 2.658 105.000 3.331
201803 2.421 105.100 3.031
201806 2.579 105.900 3.205
201809 2.543 106.600 3.139
201812 2.480 107.100 3.047
201903 2.387 107.000 2.936
201906 2.487 107.900 3.033
201909 2.585 108.400 3.138
201912 2.930 108.500 3.554
202003 2.753 108.600 3.336
202006 2.526 108.800 3.055
202009 2.699 109.200 3.253
202012 3.028 109.400 3.642
202103 3.149 109.700 3.778
202106 3.646 111.400 4.307
202109 3.482 112.400 4.077
202112 3.721 114.700 4.269
202203 3.422 116.500 3.866
202206 3.240 120.500 3.538
202209 3.220 122.300 3.465
202212 3.036 125.300 3.189
202303 2.887 126.800 2.996
202306 2.967 129.400 3.017
202309 3.034 130.100 3.069
202312 3.256 130.500 3.283
202403 3.219 131.600 3.219

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


Janus Henderson Group  (FRA:HDJA) 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.

Janus Henderson Group's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=29.20/13.25
=2.20

* 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 Janus Henderson Group was 2.34. The lowest was 1.46. And the median was 1.86.


Be Aware

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


Janus Henderson Group Cyclically Adjusted Revenue per Share Related Terms

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


Janus Henderson Group (FRA:HDJA) Business Description

Traded in Other Exchanges
Address
201 Bishopsgate, London, GBR, EC2M 3AE
Janus Henderson Group provides investment management services to retail intermediary (54% of managed assets), self-directed (23%) and institutional (23%) clients. At the end of September, active equities (61%), fixed-income (21%), multi-asset (15%) and alternative (3%) investment platforms constituted the company's USD 308.3 billion in assets under management. Janus Henderson sources 59% of its managed assets from clients in North America, with customers from Europe, the Middle East, Africa, and Latin America (31%) and the Asia-Pacific region (10%) accounting for the remainder. Headquartered in London, JHG is dual-listed on the New York Stock Exchange and the Australian Securities Exchange.

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