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HP (XTER:7HP) Cyclically Adjusted Revenue per Share : €42.96 (As of Jan. 2024)


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What is HP 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.

HP's adjusted revenue per share for the three months ended in Jan. 2024 was €12.080. 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 €42.96 for the trailing ten years ended in Jan. 2024.

During the past 12 months, HP's average Cyclically Adjusted Revenue Growth Rate was -1.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -0.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -0.80% 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 HP was 15.90% per year. The lowest was -2.30% per year. And the median was 8.20% per year.

As of today (2024-05-19), HP's current stock price is €28.66. HP's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 was €42.96. HP's Cyclically Adjusted PS Ratio of today is 0.67.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of HP was 0.87. The lowest was 0.20. And the median was 0.43.


HP Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for HP'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.

HP Cyclically Adjusted Revenue per Share Chart

HP Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.41 37.98 39.27 47.93 43.36

HP Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 42.94 42.46 42.44 43.36 42.96

Competitive Comparison of HP's Cyclically Adjusted Revenue per Share

For the Computer Hardware subindustry, HP'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.


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

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

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



HP 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, HP's adjusted Revenue per Share data for the three months ended in Jan. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=12.08/130.1244*130.1244
=12.080

Current CPI (Jan. 2024) = 130.1244.

HP Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201404 10.319 100.023 13.424
201407 10.735 100.520 13.897
201410 -10.910 100.176 -14.172
201501 6.411 98.604 8.460
201504 6.531 99.824 8.513
201507 6.147 100.691 7.944
201510 6.012 100.346 7.796
201601 6.319 99.957 8.226
201604 5.898 100.947 7.603
201607 6.239 101.524 7.997
201610 6.563 101.988 8.374
201701 6.928 102.456 8.799
201704 6.761 103.167 8.528
201707 6.680 103.278 8.416
201710 7.001 104.070 8.754
201801 7.132 104.578 8.874
201804 6.933 105.708 8.534
201807 7.717 106.324 9.444
201810 8.350 106.695 10.184
201901 8.223 106.200 10.075
201904 8.133 107.818 9.816
201907 8.638 108.250 10.384
201910 9.379 108.577 11.240
202001 9.021 108.841 10.785
202004 7.966 108.173 9.583
202007 8.739 109.318 10.402
202010 9.557 109.861 11.320
202101 9.935 110.364 11.714
202104 10.644 112.673 12.293
202107 10.788 115.183 12.187
202110 12.599 116.696 14.049
202201 13.759 118.619 15.094
202204 14.378 121.978 15.338
202207 13.912 125.002 14.482
202210 14.877 125.734 15.396
202301 12.856 126.223 13.253
202304 11.800 127.992 11.997
202307 11.905 128.974 12.011
202310 13.046 129.810 13.078
202401 12.080 130.124 12.080

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


HP  (XTER:7HP) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=28.66/42.96
=0.67

* 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 HP was 0.87. The lowest was 0.20. And the median was 0.43.


Be Aware

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


HP Cyclically Adjusted Revenue per Share Related Terms

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


HP (XTER:7HP) Business Description

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1501 Page Mill Road, Palo Alto, CA, USA, 94304
HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the U.S. It completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.

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