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Waters (STU:WAZ) Cyclically Adjusted Revenue per Share : €38.88 (As of Mar. 2024)


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What is Waters 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.

Waters's adjusted revenue per share for the three months ended in Mar. 2024 was €9.858. 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 €38.88 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Waters's average Cyclically Adjusted Revenue Growth Rate was 8.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 11.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 9.20% 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 Waters was 14.50% per year. The lowest was 7.80% per year. And the median was 10.50% per year.

As of today (2024-06-10), Waters's current stock price is €276.90. Waters's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €38.88. Waters's Cyclically Adjusted PS Ratio of today is 7.12.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Waters was 13.58. The lowest was 5.34. And the median was 7.78.


Waters Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Waters'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.

Waters Cyclically Adjusted Revenue per Share Chart

Waters 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 23.94 23.42 28.98 35.32 37.30

Waters 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 35.63 36.04 38.45 37.30 38.88

Competitive Comparison of Waters's Cyclically Adjusted Revenue per Share

For the Diagnostics & Research subindustry, Waters'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.


Waters's Cyclically Adjusted PS Ratio Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Waters's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Waters 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, Waters'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)
=9.858/131.7762*131.7762
=9.858

Current CPI (Mar. 2024) = 131.7762.

Waters Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 4.163 100.560 5.455
201409 4.534 100.428 5.949
201412 5.563 99.070 7.400
201503 5.079 99.621 6.718
201506 5.290 100.684 6.924
201509 5.388 100.392 7.072
201512 6.533 99.792 8.627
201603 5.206 100.470 6.828
201606 5.863 101.688 7.598
201609 5.768 101.861 7.462
201612 7.364 101.863 9.527
201703 5.765 102.862 7.386
201706 6.152 103.349 7.844
201709 5.893 104.136 7.457
201712 7.220 104.011 9.147
201803 5.399 105.290 6.757
201806 6.507 106.317 8.065
201809 6.422 106.507 7.946
201812 8.348 105.998 10.378
201903 6.280 107.251 7.716
201906 7.630 108.070 9.304
201909 7.851 108.329 9.550
201912 10.063 108.420 12.231
202003 6.719 108.902 8.130
202006 7.425 108.767 8.996
202009 8.091 109.815 9.709
202012 10.339 109.897 12.397
202103 8.162 111.754 9.624
202106 9.102 114.631 10.463
202109 9.054 115.734 10.309
202112 12.060 117.630 13.510
202203 10.287 121.301 11.175
202206 11.168 125.017 11.772
202209 11.911 125.227 12.534
202212 13.561 125.222 14.271
202303 10.781 127.348 11.156
202306 11.584 128.729 11.858
202309 11.254 129.860 11.420
202312 12.673 129.419 12.904
202403 9.858 131.776 9.858

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


Waters  (STU:WAZ) 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.

Waters's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=276.90/38.88
=7.12

* 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 Waters was 13.58. The lowest was 5.34. And the median was 7.78.


Be Aware

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


Waters Cyclically Adjusted Revenue per Share Related Terms

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


Waters (STU:WAZ) Business Description

Industry
Traded in Other Exchanges
Address
34 Maple Street, Milford, MA, USA, 01757
Water sells liquid chromatography, mass spectrometry, and thermal analysis tools. These analytical instruments provide essential information on various products, such as their molecular structures and physical properties, to help clients enhance the health and well-being of end users. As a percentage of sales in 2022, Waters generated 59% from pharmaceutical customers, 31% from industrial clients, and 10% from academic/government institutions.

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