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Booking Holdings (FRA:PCE1) Cyclically Adjusted Revenue per Share : €318.84 (As of Mar. 2024)


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What is Booking Holdings 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.

Booking Holdings's adjusted revenue per share for the three months ended in Mar. 2024 was €117.035. 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 €318.84 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Booking Holdings's average Cyclically Adjusted Revenue Growth Rate was 16.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 17.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 15.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 18.40% 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 Booking Holdings was 22.30% per year. The lowest was 9.20% per year. And the median was 18.70% per year.

As of today (2024-05-16), Booking Holdings's current stock price is €3493.00. Booking Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €318.84. Booking Holdings's Cyclically Adjusted PS Ratio of today is 10.96.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Booking Holdings was 22.72. The lowest was 5.97. And the median was 11.73.


Booking Holdings Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Booking Holdings'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.

Booking Holdings Cyclically Adjusted Revenue per Share Chart

Booking Holdings 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 175.28 164.49 209.25 260.60 300.95

Booking Holdings 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 266.29 284.01 309.86 300.95 318.84

Competitive Comparison of Booking Holdings's Cyclically Adjusted Revenue per Share

For the Travel Services subindustry, Booking Holdings'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.


Booking Holdings's Cyclically Adjusted PS Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Booking Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Booking Holdings 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, Booking Holdings'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)
=117.035/131.7762*131.7762
=117.035

Current CPI (Mar. 2024) = 131.7762.

Booking Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 29.515 100.560 38.677
201409 41.512 100.428 54.470
201412 28.185 99.070 37.490
201503 32.454 99.621 42.929
201506 39.045 100.684 51.103
201509 54.072 100.392 70.976
201512 36.345 99.792 47.994
201603 38.481 100.470 50.471
201606 45.441 101.688 58.886
201609 65.799 101.861 85.123
201612 44.430 101.863 57.478
201703 45.220 102.862 57.931
201706 53.777 103.349 68.569
201709 74.445 104.136 94.205
201712 47.730 104.011 60.471
201803 48.259 105.290 60.399
201806 62.362 106.317 77.296
201809 87.026 106.507 107.674
201812 60.765 105.998 75.543
201903 55.259 107.251 67.895
201906 78.146 108.070 95.289
201909 106.846 108.329 129.972
201912 71.219 108.420 86.561
202003 50.389 108.902 60.973
202006 13.647 108.767 16.534
202009 54.560 109.815 65.471
202012 24.692 109.897 29.608
202103 23.392 111.754 27.583
202106 43.669 114.631 50.200
202109 96.140 115.734 109.466
202112 63.769 117.630 71.438
202203 59.800 121.301 64.964
202206 99.892 125.017 105.293
202209 154.080 125.227 162.139
202212 98.777 125.222 103.947
202303 92.901 127.348 96.132
202306 136.387 128.729 139.616
202309 191.139 129.860 193.960
202312 124.604 129.419 126.873
202403 117.035 131.776 117.035

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


Booking Holdings  (FRA:PCE1) 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.

Booking Holdings's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=3493.00/318.84
=10.96

* 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 Booking Holdings was 22.72. The lowest was 5.97. And the median was 11.73.


Be Aware

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


Booking Holdings Cyclically Adjusted Revenue per Share Related Terms

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


Booking Holdings (FRA:PCE1) Business Description

Industry
Address
800 Connecticut Avenue, Norwalk, CT, USA, 06854
Booking is the world's largest online travel agency by sales, offering booking and payment services for hotel and alternative accommodation rooms, airline tickets, rental cars, restaurant reservations, cruises, experiences, and other vacation packages. The company operates a number of branded travel booking sites, including Booking.com, Agoda, OpenTable, and Rentalcars.com, and has expanded into travel media with the acquisitions of Kayak and Momondo. Transaction fees for online bookings account for the bulk of revenue and profits.

Booking Holdings (FRA:PCE1) Headlines

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