GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » McDonald's Corp (UKEX:MCD) » Definitions » Cyclically Adjusted Revenue per Share

McDonald's (UKEX:MCD) Cyclically Adjusted Revenue per Share : ₴1,366.02 (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is McDonald's 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.

McDonald's's adjusted revenue per share for the three months ended in Mar. 2024 was ₴340.741. 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 ₴1,366.02 for the trailing ten years ended in Mar. 2024.

During the past 12 months, McDonald's's average Cyclically Adjusted Revenue Growth Rate was 3.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 4.10% 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 McDonald's was 9.60% per year. The lowest was 2.50% per year. And the median was 8.10% per year.

As of today (2024-06-07), McDonald's's current stock price is ₴10808.00. McDonald's's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₴1,366.02. McDonald's's Cyclically Adjusted PS Ratio of today is 7.91.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of McDonald's was 8.80. The lowest was 3.76. And the median was 6.29.


McDonald's Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for McDonald's'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.

McDonald's Cyclically Adjusted Revenue per Share Chart

McDonald's 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 - - - 1,240.04 1,185.94

McDonald's 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 1,187.03 1,123.13 1,281.94 1,185.94 1,366.02

Competitive Comparison of McDonald's's Cyclically Adjusted Revenue per Share

For the Restaurants subindustry, McDonald's'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.


McDonald's's Cyclically Adjusted PS Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, McDonald's's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



McDonald's 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, McDonald's'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)
=340.741/131.7762*131.7762
=340.741

Current CPI (Mar. 2024) = 131.7762.

McDonald's Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 289.919 100.560 379.919
201409 284.759 100.428 373.646
201412 271.129 99.070 360.639
201503 247.457 99.621 327.330
201506 272.058 100.684 356.073
201509 283.729 100.392 372.429
201512 276.271 99.792 364.817
201603 264.102 100.470 346.394
201606 288.330 101.688 373.643
201609 303.848 101.861 393.084
201612 291.448 101.863 377.036
201703 275.780 102.862 353.300
201706 296.095 103.349 377.539
201709 283.625 104.136 358.907
201712 266.377 104.011 337.485
201803 257.972 105.290 322.868
201806 272.726 106.317 338.035
201809 276.147 106.507 341.665
201812 278.464 105.998 346.185
201903 261.067 107.251 320.767
201906 282.170 108.070 344.068
201909 288.798 108.329 351.305
201912 288.153 108.420 350.228
202003 251.795 108.902 304.684
202006 201.464 108.767 244.082
202009 289.649 109.815 347.574
202012 283.695 109.897 340.176
202103 273.594 111.754 322.611
202106 313.886 114.631 360.832
202109 330.374 115.734 376.167
202112 320.603 117.630 359.160
202203 303.853 121.301 330.093
202206 308.999 125.017 325.706
202209 318.377 125.227 335.029
202212 322.767 125.222 339.661
202303 321.521 127.348 332.702
202306 354.780 128.729 363.179
202309 366.760 129.860 372.173
202312 352.919 129.419 359.346
202403 340.741 131.776 340.741

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


McDonald's  (UKEX:MCD) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=10808.00/1366.02
=7.91

* 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 McDonald's was 8.80. The lowest was 3.76. And the median was 6.29.


Be Aware

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


McDonald's Cyclically Adjusted Revenue per Share Related Terms

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


McDonald's (UKEX:MCD) Business Description

Industry
Address
110 North Carpenter Street, Chicago, IL, USA, 60607
McDonald's is the largest restaurant owner-operator in the world, with 2022 system sales of $116 billion across more than 40,000 stores and 115 markets. McDonald's pioneered the franchise model, building its footprint through partnerships with independent restaurant franchisees and master franchise partners around the globe. The firm earns roughly 60% of its revenue from franchise royalty fees and lease payments, with most of the remainder coming from company-operated stores across its three core segments: the United States, internationally operated markets, and international developmental/licensed markets.

McDonald's (UKEX:MCD) Headlines

From GuruFocus

Q1 2021 Mcdonald's Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q1 2022 McDonald's Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2021 McDonald's Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Mcdonald's Corp Annual Shareholders Meeting Transcript

By GuruFocus Research 01-23-2024

Q2 2020 Mcdonald's Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2021 Mcdonald's Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2023 McDonald's Corp Earnings Call Transcript

By GuruFocus Research 01-23-2024