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S&P Global (WBO:SPGI) Cyclically Adjusted Revenue per Share : €30.61 (As of Mar. 2024)


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What is S&P Global 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.

S&P Global's adjusted revenue per share for the three months ended in Mar. 2024 was €10.228. 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 €30.61 for the trailing ten years ended in Mar. 2024.

During the past 12 months, S&P Global's average Cyclically Adjusted Revenue Growth Rate was 9.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 11.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.00% 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 S&P Global was 12.60% per year. The lowest was 1.30% per year. And the median was 6.50% per year.

As of today (2024-05-21), S&P Global's current stock price is €405.15. S&P Global's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €30.61. S&P Global's Cyclically Adjusted PS Ratio of today is 13.24.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of S&P Global was 19.46. The lowest was 2.99. And the median was 10.29.


S&P Global Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for S&P Global'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.

S&P Global Cyclically Adjusted Revenue per Share Chart

S&P Global 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 18.39 17.90 23.12 27.75 28.88

S&P Global 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 27.91 28.18 30.15 28.88 30.61

Competitive Comparison of S&P Global's Cyclically Adjusted Revenue per Share

For the Financial Data & Stock Exchanges subindustry, S&P Global'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.


S&P Global's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, S&P Global's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where S&P Global's Cyclically Adjusted PS Ratio falls into.



S&P Global 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, S&P Global'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)
=10.228/131.7762*131.7762
=10.228

Current CPI (Mar. 2024) = 131.7762.

S&P Global Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.471 100.560 4.549
201409 3.559 100.428 4.670
201412 3.849 99.070 5.120
201503 4.257 99.621 5.631
201506 4.337 100.684 5.676
201509 4.299 100.392 5.643
201512 4.637 99.792 6.123
201603 4.507 100.470 5.911
201606 4.946 101.688 6.409
201609 4.833 101.861 6.252
201612 5.070 101.863 6.559
201703 5.209 102.862 6.673
201706 5.167 103.349 6.588
201709 4.922 104.136 6.228
201712 5.219 104.011 6.612
201803 4.995 105.290 6.252
201806 5.437 106.317 6.739
201809 5.227 106.507 6.467
201812 5.368 105.998 6.673
201903 5.599 107.251 6.879
201906 6.096 108.070 7.433
201909 6.222 108.329 7.569
201912 6.363 108.420 7.734
202003 6.643 108.902 8.038
202006 7.133 108.767 8.642
202009 6.487 109.815 7.784
202012 6.355 109.897 7.620
202103 7.009 111.754 8.265
202106 7.229 114.631 8.310
202109 7.339 115.734 8.356
202112 7.633 117.630 8.551
202203 7.851 121.301 8.529
202206 8.345 125.017 8.796
202209 8.733 125.227 9.190
202212 8.481 125.222 8.925
202303 9.163 127.348 9.482
202306 8.950 128.729 9.162
202309 9.087 129.860 9.221
202312 9.150 129.419 9.317
202403 10.228 131.776 10.228

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


S&P Global  (WBO:SPGI) 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.

S&P Global's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=405.15/30.61
=13.24

* 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 S&P Global was 19.46. The lowest was 2.99. And the median was 10.29.


Be Aware

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


S&P Global Cyclically Adjusted Revenue per Share Related Terms

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


S&P Global (WBO:SPGI) Business Description

Industry
Address
55 Water Street, New York, NY, USA, 10041
S&P Global provides data and benchmarks to capital and commodity market participants. Its ratings business is the largest credit rating agency in the world and S&P's largest segment by profitability. S&P's largest segment by revenue is market intelligence, which provides desktop, data and advisory solutions, enterprise solutions, and credit/risk solutions mostly in the financial-services industry. S&P's other segments include commodity insights (Platts and other data), mobility (Carfax), and indexes.