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Loblaw (TSX:L) Cyclically Adjusted Revenue per Share : C$158.27 (As of Mar. 2024)


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What is Loblaw 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.

Loblaw's adjusted revenue per share for the three months ended in Mar. 2024 was C$43.543. 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 C$158.27 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Loblaw's average Cyclically Adjusted Revenue Growth Rate was 5.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 2.90% 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 Loblaw was 7.40% per year. The lowest was 0.90% per year. And the median was 2.30% per year.

As of today (2024-05-17), Loblaw's current stock price is C$157.48. Loblaw's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$158.27. Loblaw's Cyclically Adjusted PS Ratio of today is 1.00.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Loblaw was 1.00. The lowest was 0.29. And the median was 0.50.


Loblaw Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Loblaw'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.

Loblaw Cyclically Adjusted Revenue per Share Chart

Loblaw 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 123.82 126.20 135.02 146.85 155.94

Loblaw Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 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 149.56 152.46 156.05 155.94 158.27

Competitive Comparison of Loblaw's Cyclically Adjusted Revenue per Share

For the Grocery Stores subindustry, Loblaw'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.


Loblaw's Cyclically Adjusted PS Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Loblaw's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Loblaw 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, Loblaw'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)
=43.543/126.2576*126.2576
=43.543

Current CPI (Mar. 2024) = 126.2576.

Loblaw Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 25.649 98.604 32.842
201406 25.576 99.473 32.463
201409 32.635 99.394 41.455
201412 26.747 98.367 34.331
201503 24.148 99.789 30.553
201506 25.282 100.500 31.762
201509 33.524 100.421 42.149
201512 26.301 99.947 33.225
201603 25.160 101.054 31.435
201606 26.180 102.002 32.406
201609 34.749 101.765 43.112
201612 27.387 101.449 34.084
201703 25.804 102.634 31.743
201706 27.679 103.029 33.920
201709 35.929 103.345 43.895
201712 27.863 103.345 34.041
201803 26.879 105.004 32.320
201806 28.521 105.557 34.114
201809 38.052 105.636 45.480
201812 29.740 105.399 35.626
201903 28.700 106.979 33.872
201906 30.057 107.690 35.239
201909 40.019 107.611 46.953
201912 31.797 107.769 37.252
202003 32.669 107.927 38.217
202009 43.774 108.164 51.096
202012 37.499 108.559 43.612
202103 34.095 110.298 39.029
202106 36.428 111.720 41.168
202109 47.192 112.905 52.773
202112 37.754 113.774 41.896
202203 36.418 117.646 39.084
202206 38.418 120.806 40.152
202209 52.755 120.648 55.208
202212 42.000 120.964 43.838
202303 40.009 122.702 41.168
202306 42.598 124.203 43.303
202309 57.365 125.230 57.836
202312 46.101 125.072 46.538
202403 43.543 126.258 43.543

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


Loblaw  (TSX:L) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=157.48/158.27
=1.00

* 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 Loblaw was 1.00. The lowest was 0.29. And the median was 0.50.


Be Aware

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


Loblaw Cyclically Adjusted Revenue per Share Related Terms

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


Loblaw (TSX:L) Business Description

Industry
Traded in Other Exchanges
Address
1 President’s Choice Circle, Brampton, ON, CAN, L6Y 5S5
Loblaw is Canada's largest retailer, operating 2,500 food retail and pharmacy stores across the country. Its main grocery banners include Loblaw, No Frills, and Maxi, and its pharmacy stores are mostly under the Shoppers Drug Mart banner, which it acquired in 2014. In addition to brand-name offerings, Loblaw offers private-label products under the President's Choice and No Name brands. Beyond retail, Loblaw runs the PC Optimum loyalty program and also offers credit cards and insurance brokerage, which are collectively referred to as financial services. George Weston is Loblaw's controlling shareholder with a 53% stake.
Executives
Jeffrey Francis Leger Senior Officer
Mark William Henry Wilson Senior Officer
Frank Gambioli Senior Officer
Nicholas Henn Senior Officer
Kieran Barry Columb Senior Officer

Loblaw (TSX:L) Headlines

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