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JD.com (JD.com) Cyclically Adjusted Revenue per Share : $46.09 (As of Dec. 2023)


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What is JD.com 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.

JD.com's adjusted revenue per share for the three months ended in Dec. 2023 was $27.078. 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 $46.09 for the trailing ten years ended in Dec. 2023.

During the past 12 months, JD.com's average Cyclically Adjusted Revenue Growth Rate was 24.20% 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.

As of today (2024-04-27), JD.com's current stock price is $30.34. JD.com's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $46.09. JD.com's Cyclically Adjusted PS Ratio of today is 0.66.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of JD.com was 1.95. The lowest was 0.47. And the median was 0.91.


JD.com Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for JD.com'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.

JD.com Cyclically Adjusted Revenue per Share Chart

JD.com 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 - - - 37.10 46.09

JD.com Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 37.10 39.24 41.47 43.77 46.09

Competitive Comparison of JD.com's Cyclically Adjusted Revenue per Share

For the Internet Retail subindustry, JD.com'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.


JD.com's Cyclically Adjusted PS Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, JD.com's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



JD.com 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, JD.com's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=27.078/114.6694*114.6694
=27.078

Current CPI (Dec. 2023) = 114.6694.

JD.com Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.685 98.600 3.123
201406 1.909 98.200 2.229
201409 1.735 98.900 2.012
201412 4.108 99.000 4.758
201503 2.149 99.900 2.467
201506 2.706 99.500 3.119
201509 2.532 100.500 2.889
201512 3.080 100.600 3.511
201603 3.026 102.200 3.395
201606 3.525 101.400 3.986
201609 3.133 102.400 3.508
201612 4.049 102.600 4.525
201703 3.778 103.200 4.198
201706 4.812 103.100 5.352
201709 4.359 104.100 4.802
201712 5.714 104.500 6.270
201803 5.393 105.300 5.873
201806 6.594 104.900 7.208
201809 5.170 106.600 5.561
201812 6.766 106.500 7.285
201903 6.111 107.700 6.506
201906 7.346 107.700 7.821
201909 6.380 109.800 6.663
201912 16.799 111.200 17.323
202003 6.945 112.300 7.092
202006 9.335 110.400 9.696
202009 8.016 111.700 8.229
202012 22.107 111.500 22.735
202103 19.455 112.662 19.802
202106 24.766 111.769 25.409
202109 21.258 112.215 21.723
202112 27.842 113.108 28.226
202203 24.245 114.335 24.316
202206 25.169 114.558 25.194
202209 21.813 115.339 21.686
202212 26.673 115.116 26.570
202303 22.175 115.116 22.089
202306 25.399 114.558 25.424
202309 21.414 115.339 21.290
202312 27.078 114.669 27.078

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


JD.com  (NAS:JD) 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.

JD.com's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=30.34/46.09
=0.66

* 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 JD.com was 1.95. The lowest was 0.47. And the median was 0.91.


Be Aware

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


JD.com Cyclically Adjusted Revenue per Share Related Terms

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


JD.com (JD.com) Business Description

Industry
Address
No. 18 Kechuang 11 Street, 20th Floor, Building A, Yizhuang Economic and Technological Development Zo, Daxing District, Beijing, CHN, 101111
JD.com is a leading e-commerce platform with its 2022 China GMV being similar to Pinduoduo (GMV not reported), on our estimate, but still lower than Alibaba. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.

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