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AUO (TPE:2409) Cyclically Adjusted Revenue per Share : NT$48.19 (As of Mar. 2024)


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What is AUO 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.

AUO's adjusted revenue per share for the three months ended in Mar. 2024 was NT$7.757. 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 NT$48.19 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AUO's average Cyclically Adjusted Revenue Growth Rate was -4.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -1.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -2.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -2.20% 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 AUO was 4.90% per year. The lowest was -4.10% per year. And the median was -1.75% per year.

As of today (2024-06-01), AUO's current stock price is NT$17.80. AUO's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$48.19. AUO's Cyclically Adjusted PS Ratio of today is 0.37.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of AUO was 0.82. The lowest was 0.16. And the median was 0.28.


AUO Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for AUO'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.

AUO Cyclically Adjusted Revenue per Share Chart

AUO 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 53.59 49.98 51.27 50.45 48.15

AUO 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 50.34 49.75 49.24 48.15 48.19

Competitive Comparison of AUO's Cyclically Adjusted Revenue per Share

For the Electronic Components subindustry, AUO'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.


AUO's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AUO's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



AUO 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, AUO'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)
=7.757/131.7762*131.7762
=7.757

Current CPI (Mar. 2024) = 131.7762.

AUO Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 13.254 100.560 17.368
201409 13.883 100.428 18.217
201412 13.696 99.070 18.218
201503 12.378 99.621 16.373
201506 11.989 100.684 15.691
201509 11.598 100.392 15.224
201512 10.838 99.792 14.312
201603 9.239 100.470 12.118
201606 10.403 101.688 13.481
201609 11.172 101.861 14.453
201612 11.928 101.863 15.431
201703 11.502 102.862 14.735
201706 10.964 103.349 13.980
201709 11.351 104.136 14.364
201712 10.476 104.011 13.273
201803 9.669 105.290 12.101
201806 9.748 106.317 12.082
201809 10.526 106.507 13.023
201812 10.013 105.998 12.448
201903 8.664 107.251 10.645
201906 9.100 108.070 11.096
201909 9.005 108.329 10.954
201912 8.053 108.420 9.788
202003 7.065 108.902 8.549
202006 8.310 108.767 10.068
202009 9.490 109.815 11.388
202012 10.517 109.897 12.611
202103 10.833 111.754 12.774
202106 12.489 114.631 14.357
202109 10.311 115.734 11.740
202112 9.508 117.630 10.651
202203 8.241 121.301 8.953
202206 6.587 125.017 6.943
202209 5.867 125.227 6.174
202212 6.884 125.222 7.244
202303 6.681 127.348 6.913
202306 8.298 128.729 8.494
202309 9.345 129.860 9.483
202312 8.261 129.419 8.411
202403 7.757 131.776 7.757

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


AUO  (TPE:2409) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=17.80/48.19
=0.37

* 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 AUO was 0.82. The lowest was 0.16. And the median was 0.28.


Be Aware

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


AUO Cyclically Adjusted Revenue per Share Related Terms

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


AUO (TPE:2409) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AUO Corp (TPE:2409) » Definitions » Cyclically Adjusted Revenue per Share
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Address
No. 1, Li-Hsin Road 2, Hsinchu Science Park, Hsinchu, TWN, 300094
AUO Corp is a Taiwan-based company that manufactures & distributes thin-film-transistor liquid-crystal-display (TFT-LCD) panels to original equipment manufacturers. The display segment generally is engaged in the research, development, design, manufacturing, & sale of flat panel displays. The energy segment mainly is engaged in the design, manufacturing, and sale of ingots, solar wafers, and solar modules, as well as providing technical engineering services and maintenance services for solar system projects AU Optronics has manufacturing facilities in Taiwan, Japan, and Malaysia. It operates in two segments - The display segment & energy segment, the majority is derived from the Display segment. Geographically, the majority is from the PRC (including Hong Kong).

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