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PPG Industries (STU:PPQ) Cyclically Adjusted Revenue per Share : €69.00 (As of Mar. 2024)


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What is PPG Industries 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.

PPG Industries's adjusted revenue per share for the three months ended in Mar. 2024 was €16.742. 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 €69.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, PPG Industries's average Cyclically Adjusted Revenue Growth Rate was 4.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.80% 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 PPG Industries was 8.60% per year. The lowest was 4.20% per year. And the median was 5.50% per year.

As of today (2024-05-24), PPG Industries's current stock price is €120.65. PPG Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €69.00. PPG Industries's Cyclically Adjusted PS Ratio of today is 1.75.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of PPG Industries was 3.12. The lowest was 1.44. And the median was 2.16.


PPG Industries Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for PPG Industries'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.

PPG Industries Cyclically Adjusted Revenue per Share Chart

PPG Industries 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 49.39 45.98 55.40 64.74 66.54

PPG Industries 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 63.46 65.35 69.37 66.54 69.00

Competitive Comparison of PPG Industries's Cyclically Adjusted Revenue per Share

For the Specialty Chemicals subindustry, PPG Industries'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.


PPG Industries's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, PPG Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



PPG Industries 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, PPG Industries'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)
=16.742/131.7762*131.7762
=16.742

Current CPI (Mar. 2024) = 131.7762.

PPG Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 10.722 100.560 14.050
201409 10.929 100.428 14.340
201412 9.161 99.070 12.185
201503 12.278 99.621 16.241
201506 13.299 100.684 17.406
201509 12.153 100.392 15.952
201512 10.246 99.792 13.530
201603 11.387 100.470 14.935
201606 12.463 101.688 16.151
201609 12.229 101.861 15.820
201612 12.290 101.863 15.899
201703 12.573 102.862 16.107
201706 13.105 103.349 16.710
201709 12.270 104.136 15.527
201712 12.157 104.011 15.402
201803 12.197 105.290 15.265
201806 14.351 106.317 17.788
201809 13.428 106.507 16.614
201812 13.367 105.998 16.618
201903 13.476 107.251 16.558
201906 14.944 108.070 18.222
201909 14.566 108.329 17.719
201912 13.874 108.420 16.863
202003 12.857 108.902 15.558
202006 11.268 108.767 13.652
202009 13.151 109.815 15.781
202012 12.949 109.897 15.527
202103 13.640 111.754 16.084
202106 15.087 114.631 17.343
202109 15.497 115.734 17.645
202112 15.509 117.630 17.374
202203 16.422 121.301 17.840
202206 18.677 125.017 19.687
202209 19.073 125.227 20.071
202212 16.690 125.222 17.564
202303 17.269 127.348 17.870
202306 18.950 128.729 19.399
202309 18.322 129.860 18.592
202312 16.817 129.419 17.123
202403 16.742 131.776 16.742

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


PPG Industries  (STU:PPQ) 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.

PPG Industries's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=120.65/69
=1.75

* 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 PPG Industries was 3.12. The lowest was 1.44. And the median was 2.16.


Be Aware

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


PPG Industries Cyclically Adjusted Revenue per Share Related Terms

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


PPG Industries (STU:PPQ) Business Description

Industry
Traded in Other Exchanges
Address
One PPG Place, Pittsburgh, PA, USA, 15272
PPG is a global producer of coatings. The company is the world's largest producer of coatings after the purchase of selected Akzo Nobel assets. PPG's products are sold to a wide variety of end users, including the automotive, aerospace, construction, and industrial markets. The company has a footprint in many regions around the globe, with less than half of sales coming from North America in recent years. PPG is focused on its coatings and specialty products and expansion into emerging regions, as exemplified by the Comex acquisition.

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