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Muthoot Finance (NSE:MUTHOOTFIN) Cyclically Adjusted Revenue per Share : ₹177.34 (As of Mar. 2024)


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What is Muthoot Finance 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.

Muthoot Finance's adjusted revenue per share for the three months ended in Mar. 2024 was ₹68.062. 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 ₹177.34 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Muthoot Finance's average Cyclically Adjusted Revenue Growth Rate was 12.00% 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 (2024-06-06), Muthoot Finance's current stock price is ₹1747.35. Muthoot Finance's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₹177.34. Muthoot Finance's Cyclically Adjusted PS Ratio of today is 9.85.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Muthoot Finance was 12.23. The lowest was 5.98. And the median was 7.93.


Muthoot Finance Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Muthoot Finance'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.

Muthoot Finance Cyclically Adjusted Revenue per Share Chart

Muthoot Finance 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 - - 145.29 158.21 177.34

Muthoot Finance 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 158.21 162.17 163.12 163.85 177.34

Competitive Comparison of Muthoot Finance's Cyclically Adjusted Revenue per Share

For the Credit Services subindustry, Muthoot Finance'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.


Muthoot Finance's Cyclically Adjusted PS Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Muthoot Finance's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Muthoot Finance 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, Muthoot Finance'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)
=68.062/153.0345*153.0345
=68.062

Current CPI (Mar. 2024) = 153.0345.

Muthoot Finance Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201206 34.802 79.567 66.937
201209 35.416 82.244 65.900
201212 36.751 83.774 67.135
201303 -36.325 85.687 -64.875
201306 34.617 88.365 59.951
201309 34.984 91.042 58.805
201312 32.329 91.425 54.115
201403 -37.950 91.425 -63.524
201406 28.061 94.103 45.634
201409 26.738 96.780 42.280
201412 26.862 96.780 42.476
201503 -23.721 97.163 -37.361
201506 28.696 99.841 43.985
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 30.315 111.317 41.676
201809 30.175 115.142 40.105
201812 30.925 115.142 41.102
201903 34.361 118.202 44.487
201906 33.361 120.880 42.235
201909 40.875 123.175 50.784
201912 44.473 126.235 53.914
202003 43.674 124.705 53.595
202006 40.701 127.000 49.044
202009 44.761 130.118 52.644
202012 48.999 130.889 57.289
202103 51.135 131.771 59.387
202106 46.463 134.084 53.030
202109 49.831 135.847 56.136
202112 52.496 138.161 58.147
202203 49.512 138.822 54.581
202206 43.614 142.347 46.888
202209 45.426 144.661 48.055
202212 49.421 145.763 51.886
202303 54.980 146.865 57.290
202306 56.615 150.280 57.653
202309 57.206 151.492 57.788
202312 60.539 152.924 60.583
202403 68.062 153.035 68.062

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


Muthoot Finance  (NSE:MUTHOOTFIN) 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.

Muthoot Finance's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1747.35/177.34
=9.85

* 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 Muthoot Finance was 12.23. The lowest was 5.98. And the median was 7.93.


Be Aware

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


Muthoot Finance Cyclically Adjusted Revenue per Share Related Terms

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


Muthoot Finance (NSE:MUTHOOTFIN) Business Description

Traded in Other Exchanges
Address
Banerji Road, Ernakulam, 2nd Floor, Muthoot Chambers, Opposite Saritha Theatre Complex, Kochi, KL, IND, 682 018
Muthoot Finance Ltd is a non-deposit-taking, non-banking financial company with thousands of branches in India. The company's main business is providing personal and business loans to individuals who do not have access to formal credit. The loans are typically secured by gold jewelry. Muthoot also offers some microfinance loans and housing loans to customer segments and areas that are underserved by banks. Interest income accounts for nearly all the company's revenue. Muthoot has operations in Sri Lanka and India, with India providing almost all the company's revenue.

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