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Howard Hughes Holdings (Howard Hughes Holdings) Cyclically Adjusted Revenue per Share : $27.38 (As of Dec. 2023)


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What is Howard Hughes 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.

Howard Hughes Holdings's adjusted revenue per share for the three months ended in Dec. 2023 was $6.768. 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 $27.38 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Howard Hughes Holdings's average Cyclically Adjusted Revenue Growth Rate was 5.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.20% 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 Howard Hughes Holdings was 12.60% per year. The lowest was 12.20% per year. And the median was 12.40% per year.

As of today (2024-05-03), Howard Hughes Holdings's current stock price is $67.01. Howard Hughes Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $27.38. Howard Hughes Holdings's Cyclically Adjusted PS Ratio of today is 2.45.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Howard Hughes Holdings was 7.75. The lowest was 2.17. And the median was 3.28.


Howard Hughes Holdings Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Howard Hughes 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.

Howard Hughes Holdings Cyclically Adjusted Revenue per Share Chart

Howard Hughes 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 18.21 19.36 22.55 25.98 27.38

Howard Hughes Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 25.98 26.52 26.78 27.24 27.38

Competitive Comparison of Howard Hughes Holdings's Cyclically Adjusted Revenue per Share

For the Real Estate - Diversified subindustry, Howard Hughes 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.


Howard Hughes Holdings's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Howard Hughes Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Howard Hughes 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, Howard Hughes Holdings's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=6.768/129.4194*129.4194
=6.768

Current CPI (Dec. 2023) = 129.4194.

Howard Hughes Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.503 99.695 3.249
201406 5.313 100.560 6.838
201409 2.762 100.428 3.559
201412 5.245 99.070 6.852
201503 3.930 99.621 5.106
201506 4.842 100.684 6.224
201509 4.741 100.392 6.112
201512 5.428 99.792 7.039
201603 5.653 100.470 7.282
201606 6.411 101.688 8.159
201609 5.666 101.861 7.199
201612 6.514 101.863 8.276
201703 5.420 102.862 6.819
201706 7.169 103.349 8.977
201709 5.980 104.136 7.432
201712 6.990 104.011 8.698
201803 3.729 105.290 4.584
201806 4.215 106.317 5.131
201809 5.937 106.507 7.214
201812 10.780 105.998 13.162
201903 8.181 107.251 9.872
201906 9.968 108.070 11.937
201909 5.323 108.329 6.359
201912 6.579 108.420 7.853
202003 4.038 108.902 4.799
202006 2.812 108.767 3.346
202009 2.778 109.815 3.274
202012 3.843 109.897 4.526
202103 3.423 111.754 3.964
202106 3.810 114.631 4.302
202109 3.931 115.734 4.396
202112 15.648 117.630 17.216
202203 4.004 121.301 4.272
202206 5.445 125.017 5.637
202209 12.928 125.227 13.361
202212 9.738 125.222 10.064
202303 3.969 127.348 4.034
202306 4.504 128.729 4.528
202309 5.415 129.860 5.397
202312 6.768 129.419 6.768

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


Howard Hughes Holdings  (NYSE:HHH) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=67.01/27.38
=2.45

* 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 Howard Hughes Holdings was 7.75. The lowest was 2.17. And the median was 3.28.


Be Aware

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


Howard Hughes Holdings Cyclically Adjusted Revenue per Share Related Terms

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


Howard Hughes Holdings (Howard Hughes Holdings) Business Description

Industry
Traded in Other Exchanges
Address
9950 Woodloch Forest Drive, Suite 1100, 11th Floor, The Woodlands, TX, USA, 77380
Howard Hughes Holdings Inc owns, manages, and develops commercial, residential, and mixed-use real estate throughout the USA. Its portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country.
Executives
Douglas Johnstone officer: Regional President, Hawaii ONE GALLERIA TOWER, 13355 NOEL ROAD, 22ND FOOR, DALLAS TX 75240
Pershing Square Capital Management, L.p. director, 10 percent owner 787 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
Zachary Winick officer: CO-PRESIDENT, NEW YORK REGION C/O THE HOWARD HUGHES CORPORATION, 199 WATER STREET, 28TH FLOOR, NEW YORK NY 10038
Elena Verbinskaya officer: Chief Accounting Officer C/O IPSCO TUBULARS INC., 10120 HOUSTON OAKS DRIVE, HOUSTON TX 77064
Kristi Smith officer: President, Columbia 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77380
William A Ackman director, 10 percent owner 787 - 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
Ps Management Gp, Llc director, 10 percent owner 787 - 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
Frank Stephan officer: PRESIDENT, NEVADA 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77380
Anthony Williams director 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77380
David Eun director 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77380
David Michael Striph officer: EVP, Head of Operations ONE GALLERIA TOWER, 13355 NOEL ROAD, 22ND FLOOR, DALLAS TX 75240
Andrew Schwartz officer: CO-PRESIDENT, NEW YORK REGION C/O THE HOWARD HUGHES CORPORATION, 199 WATER STREET, 28TH FLOOR, NEW YORK NY 10038
Heath Melton officer: PRESIDENT, PHOENIX REGION 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77381
Carlos A. Olea officer: CHIEF FINANCIAL OFFICER 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77381
L Jay Cross officer: President 233 SOUTH WACKER DRIVE, SUITE 4600, CHICAGO IL 60606

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