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Larsen & Toubro (Larsen & Toubro) Cyclically Adjusted Revenue per Share : $13.19 (As of Mar. 2024)


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What is Larsen & Toubro 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.

Larsen & Toubro's adjusted revenue per share for the three months ended in Mar. 2024 was $5.873. 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 $13.19 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Larsen & Toubro's average Cyclically Adjusted Revenue Growth Rate was 9.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.80% 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 Larsen & Toubro was 8.80% per year. The lowest was 7.70% per year. And the median was 8.25% per year.

As of today (2024-06-07), Larsen & Toubro's current stock price is $40.93. Larsen & Toubro's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $13.19. Larsen & Toubro's Cyclically Adjusted PS Ratio of today is 3.10.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Larsen & Toubro was 3.11. The lowest was 0.86. And the median was 1.74.


Larsen & Toubro Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Larsen & Toubro'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.

Larsen & Toubro Cyclically Adjusted Revenue per Share Chart

Larsen & Toubro Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.82 12.95 12.88 13.98 13.19

Larsen & Toubro 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 13.98 12.65 14.42 14.70 13.19

Competitive Comparison of Larsen & Toubro's Cyclically Adjusted Revenue per Share

For the Engineering & Construction subindustry, Larsen & Toubro'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.


Larsen & Toubro's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Larsen & Toubro's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Larsen & Toubro's Cyclically Adjusted PS Ratio falls into.



Larsen & Toubro 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, Larsen & Toubro'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)
=5.873/153.0345*153.0345
=5.873

Current CPI (Mar. 2024) = 153.0345.

Larsen & Toubro Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.269 94.103 3.690
201409 2.481 96.780 3.923
201412 2.683 96.780 4.243
201503 3.152 97.163 4.964
201506 2.220 99.841 3.403
201509 2.475 101.753 3.722
201512 2.744 102.901 4.081
201603 3.370 102.518 5.031
201606 2.302 105.961 3.325
201609 2.654 105.961 3.833
201612 2.744 105.196 3.992
201703 3.936 105.196 5.726
201706 2.633 107.109 3.762
201709 2.921 109.021 4.100
201712 3.174 109.404 4.440
201803 4.452 109.786 6.206
201806 2.837 111.317 3.900
201809 3.022 115.142 4.017
201812 3.442 115.142 4.575
201903 4.243 118.202 5.493
201906 3.040 120.880 3.849
201909 3.527 123.175 4.382
201912 3.625 126.235 4.395
202003 4.112 124.705 5.046
202006 2.001 127.000 2.411
202009 3.007 130.118 3.537
202012 3.440 130.889 4.022
202103 4.538 131.771 5.270
202106 2.835 134.084 3.236
202109 3.359 135.847 3.784
202112 3.731 138.161 4.133
202203 4.854 138.822 5.351
202206 3.264 142.347 3.509
202209 3.789 144.661 4.008
202212 3.999 145.763 4.198
202303 5.043 146.865 5.255
202306 4.141 150.280 4.217
202309 4.369 151.492 4.413
202312 4.812 152.924 4.815
202403 5.873 153.035 5.873

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


Larsen & Toubro  (OTCPK:LTOUF) 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.

Larsen & Toubro's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=40.93/13.19
=3.10

* 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 Larsen & Toubro was 3.11. The lowest was 0.86. And the median was 1.74.


Be Aware

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


Larsen & Toubro Cyclically Adjusted Revenue per Share Related Terms

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


Larsen & Toubro (Larsen & Toubro) Business Description

Industry
Traded in Other Exchanges
Address
Norottarn Morarjee Marg , L&T House, Ballard Estate, P. O. Box: 278, Mumbai, MH, IND, 400 001
Larsen & Toubro Ltd is a technology, engineering, manufacturing, and financial services conglomerate. It enters contracts to construct various facilities, develop solutions for offshore and onshore hydrocarbon projects, serve power plants, build ships, and perform other engineering projects. Its integrated capabilities help customers throughout the entire value chain, from design to delivering a project. The company has several operating segments: Infrastructure segment; Energy Projects segment, Hi-Tech Manufacturing segment and Other segments. Larsen & Toubro can supply customized solutions or standardized components for reproduction, and its service network boosts aftermarket sales.

Larsen & Toubro (Larsen & Toubro) Headlines

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