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Top Frontier Investment Holdings (PHS:TFHI) Cyclically Adjusted Revenue per Share : ₱3,479.23 (As of Mar. 2024)


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What is Top Frontier Investment 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.

Top Frontier Investment Holdings's adjusted revenue per share for the three months ended in Mar. 2024 was ₱1,047.219. 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 ₱3,479.23 for the trailing ten years ended in Mar. 2024.

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 (2024-06-09), Top Frontier Investment Holdings's current stock price is ₱84.75. Top Frontier Investment Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₱3,479.23. Top Frontier Investment Holdings's Cyclically Adjusted PS Ratio of today is 0.02.

During the past 11 years, the highest Cyclically Adjusted PS Ratio of Top Frontier Investment Holdings was 0.04. The lowest was 0.02. And the median was 0.03.


Top Frontier Investment Holdings Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Top Frontier Investment 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.

Top Frontier Investment Holdings Cyclically Adjusted Revenue per Share Chart

Top Frontier Investment 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 - - - - 3,390.83

Top Frontier Investment 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 - 3,292.17 3,370.05 3,390.83 3,479.23

Competitive Comparison of Top Frontier Investment Holdings's Cyclically Adjusted Revenue per Share

For the Conglomerates subindustry, Top Frontier Investment 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.


Top Frontier Investment Holdings's Cyclically Adjusted PS Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Top Frontier Investment Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Top Frontier Investment 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, Top Frontier Investment 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)
=1047.219/131.7762*131.7762
=1,047.219

Current CPI (Mar. 2024) = 131.7762.

Top Frontier Investment Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 635.861 100.560 833.251
201409 583.214 100.428 765.263
201412 541.718 99.070 720.559
201503 478.012 99.621 632.302
201506 617.175 100.684 807.765
201509 479.595 100.392 629.527
201512 511.927 99.792 676.001
201603 483.700 100.470 634.417
201606 510.766 101.688 661.895
201609 642.706 101.861 831.460
201612 566.673 101.863 733.085
201703 593.200 102.862 759.945
201706 518.598 103.349 661.243
201709 528.629 104.136 668.942
201712 694.173 104.011 879.478
201803 710.124 105.290 888.763
201806 795.002 106.317 985.379
201809 658.461 106.507 814.686
201812 799.273 105.998 993.653
201903 760.364 107.251 934.242
201906 711.593 108.070 867.692
201909 641.018 108.329 779.760
201912 793.527 108.420 964.470
202003 648.667 108.902 784.919
202006 456.904 108.767 553.559
202009 491.950 109.815 590.332
202012 589.867 109.897 707.304
202103 609.567 111.754 718.776
202106 627.728 114.631 721.614
202109 792.992 115.734 902.908
202112 880.648 117.630 986.559
202203 959.867 121.301 1,042.758
202206 1,251.463 125.017 1,319.127
202209 1,253.164 125.227 1,318.708
202212 1,194.036 125.222 1,256.535
202303 1,050.655 127.348 1,087.191
202306 1,223.993 128.729 1,252.970
202309 1,319.872 129.860 1,339.353
202312 1,020.111 129.419 1,038.688
202403 1,047.219 131.776 1,047.219

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


Top Frontier Investment Holdings  (PHS:TFHI) 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.

Top Frontier Investment Holdings's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=84.75/3479.23
=0.02

* 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 11 years, the highest Cyclically Adjusted PS Ratio of Top Frontier Investment Holdings was 0.04. The lowest was 0.02. And the median was 0.03.


Be Aware

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


Top Frontier Investment Holdings Cyclically Adjusted Revenue per Share Related Terms

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


Top Frontier Investment Holdings (PHS:TFHI) Business Description

Traded in Other Exchanges
N/A
Address
No. 399 Sen. Gil. Puyat Avenue, 5th Floor, ENZO Building, Makati, PHL, 1200
Top Frontier Investment Holdings Inc is an investment holding company engaged in the processing and marketing of branded refrigerated processed meats and canned meat products. The operating business segments are food and beverage, packaging, energy, fuel and oil, infrastructure and Cement, Real Estate, Mining and Others. The company derives maximum revenue from fuel and oil segment. The fuel and oil segment is engaged in refining crude oil and marketing and distribution of refined petroleum products.

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