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NTN (TSE:6472) Cyclically Adjusted Revenue per Share : 円1,412.28 (As of Mar. 2024)


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What is NTN 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.

NTN's adjusted revenue per share for the three months ended in Mar. 2024 was 円363.094. 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 円1,412.28 for the trailing ten years ended in Mar. 2024.

During the past 12 months, NTN's average Cyclically Adjusted Revenue Growth Rate was 4.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.80% 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 NTN was 4.10% per year. The lowest was 1.60% per year. And the median was 2.60% per year.

As of today (2024-06-05), NTN's current stock price is 円328.20. NTN's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was 円1,412.28. NTN's Cyclically Adjusted PS Ratio of today is 0.23.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of NTN was 0.52. The lowest was 0.13. And the median was 0.25.


NTN Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for NTN'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.

NTN Cyclically Adjusted Revenue per Share Chart

NTN 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 1,256.25 1,252.19 1,280.04 1,356.58 1,412.28

NTN 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 1,356.58 1,372.58 1,392.92 1,407.63 1,412.28

Competitive Comparison of NTN's Cyclically Adjusted Revenue per Share

For the Tools & Accessories subindustry, NTN'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.


NTN's Cyclically Adjusted PS Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, NTN's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



NTN 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, NTN'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)
=363.094/107.2000*107.2000
=363.094

Current CPI (Mar. 2024) = 107.2000.

NTN Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 314.096 98.000 343.583
201409 318.128 98.500 346.227
201412 332.653 97.900 364.253
201503 354.900 97.900 388.614
201506 343.724 98.400 374.464
201509 334.684 98.500 364.245
201512 331.980 98.100 362.775
201603 337.918 97.900 370.018
201606 314.596 98.100 343.779
201609 300.119 98.000 328.293
201612 322.595 98.400 351.445
201703 348.316 98.100 380.627
201706 337.143 98.500 366.921
201709 336.841 98.800 365.479
201712 358.741 99.400 386.892
201803 368.919 99.200 398.671
201806 356.261 99.200 384.992
201809 340.782 99.900 365.684
201812 342.513 99.700 368.279
201903 341.649 99.700 367.350
201906 323.235 99.800 347.202
201909 306.897 100.100 328.665
201912 302.160 100.500 322.304
202003 295.156 100.300 315.461
202006 173.076 99.900 185.723
202009 277.301 99.900 297.564
202012 301.848 99.300 325.862
202103 307.428 99.900 329.893
202106 294.868 99.500 317.687
202109 280.841 100.100 300.761
202112 305.611 100.100 327.288
202203 327.566 101.100 347.330
202206 325.155 101.800 342.403
202209 375.026 103.100 389.940
202212 371.469 104.100 382.531
202303 385.269 104.400 395.602
202306 378.162 105.200 385.351
202309 393.419 106.200 397.124
202312 396.934 106.800 398.421
202403 363.094 107.200 363.094

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


NTN  (TSE:6472) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=328.20/1412.28
=0.23

* 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 NTN was 0.52. The lowest was 0.13. And the median was 0.25.


Be Aware

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


NTN Cyclically Adjusted Revenue per Share Related Terms

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


NTN (TSE:6472) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NTN Corp (TSE:6472) » Definitions » Cyclically Adjusted Revenue per Share
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Address
3-17, 1-chome, Kyomachibori, Nishi-ku, Osaka, JPN, 550-0003
NTN Corp is a Japan-based company that manufactures and sells bearings, constant velocity joints, precision equipment, aftermarket parts, and other mechanical parts. The company's products are used in a wide range of applications, including automobile, electric vehicle, rolling stock, wind turbine, construction and mining machinery, agricultural machinery, machine tools, office equipment, steel manufacturing machinery, paper manufacturing machinery, food machinery, medical equipment, aerospace, and robots. The company has a global presence, with Japan, the Americas, and Europe the three largest markets for the company.

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