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Titan International (FRA:TZ4) Cyclically Adjusted Revenue per Share : €29.46 (As of Mar. 2024)


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What is Titan International 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.

Titan International's adjusted revenue per share for the three months ended in Mar. 2024 was €6.752. 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 €29.46 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Titan International's average Cyclically Adjusted Revenue Growth Rate was -2.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 1.30% 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 Titan International was 7.20% per year. The lowest was -1.00% per year. And the median was 1.70% per year.

As of today (2024-05-31), Titan International's current stock price is €7.35. Titan International's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €29.46. Titan International's Cyclically Adjusted PS Ratio of today is 0.25.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Titan International was 0.76. The lowest was 0.04. And the median was 0.33.


Titan International Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Titan International'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.

Titan International Cyclically Adjusted Revenue per Share Chart

Titan International 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 25.67 24.25 27.68 30.77 29.21

Titan International 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 30.03 30.42 30.99 29.21 29.46

Competitive Comparison of Titan International's Cyclically Adjusted Revenue per Share

For the Farm & Heavy Construction Machinery subindustry, Titan International'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.


Titan International's Cyclically Adjusted PS Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Titan International's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Titan International 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, Titan International'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)
=6.752/131.7762*131.7762
=6.752

Current CPI (Mar. 2024) = 131.7762.

Titan International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 7.207 100.560 9.444
201409 6.521 100.428 8.557
201412 5.806 99.070 7.723
201503 6.923 99.621 9.158
201506 5.633 100.684 7.373
201509 5.124 100.392 6.726
201512 5.259 99.792 6.945
201603 5.366 100.470 7.038
201606 5.454 101.688 7.068
201609 5.057 101.861 6.542
201612 5.397 101.863 6.982
201703 5.707 102.862 7.311
201706 5.444 103.349 6.941
201709 5.222 104.136 6.608
201712 5.330 104.011 6.753
201803 5.762 105.290 7.211
201806 6.132 106.317 7.600
201809 5.505 106.507 6.811
201812 5.328 105.998 6.624
201903 6.058 107.251 7.443
201906 5.761 108.070 7.025
201909 5.221 108.329 6.351
201912 4.505 108.420 5.475
202003 5.120 108.902 6.195
202006 4.193 108.767 5.080
202009 4.247 109.815 5.096
202012 4.378 109.897 5.250
202103 5.431 111.754 6.404
202106 5.899 114.631 6.781
202109 6.115 115.734 6.963
202112 6.832 117.630 7.654
202203 7.845 121.301 8.522
202206 8.572 125.017 9.035
202209 8.478 125.227 8.921
202212 7.519 125.222 7.913
202303 8.054 127.348 8.334
202306 7.024 128.729 7.190
202309 5.967 129.860 6.055
202312 5.768 129.419 5.873
202403 6.752 131.776 6.752

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


Titan International  (FRA:TZ4) 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.

Titan International's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=7.35/29.46
=0.25

* 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 Titan International was 0.76. The lowest was 0.04. And the median was 0.33.


Be Aware

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


Titan International Cyclically Adjusted Revenue per Share Related Terms

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


Titan International (FRA:TZ4) Business Description

Traded in Other Exchanges
Address
1525 Kautz Road, Suite 600, West Chicago, IL, USA, 60185
Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Europe / CIS, Latin America and Other international. Titan derives most of the revenue from Agricultural segment which manufacture various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.

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