GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sony Group Corp (NYSE:SONY) » Definitions » Cyclically Adjusted Revenue per Share

Sony Group (Sony Group) Cyclically Adjusted Revenue per Share : $55.40 (As of Dec. 2023)


View and export this data going back to 1970. Start your Free Trial

What is Sony Group 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.

Sony Group's adjusted revenue per share for the three months ended in Dec. 2023 was $21.086. 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 $55.40 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Sony Group's average Cyclically Adjusted Revenue Growth Rate was 7.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 1.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -0.30% 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 Sony Group was 10.40% per year. The lowest was -2.00% per year. And the median was 0.80% per year.

As of today (2024-04-27), Sony Group's current stock price is $82.33. Sony Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $55.40. Sony Group's Cyclically Adjusted PS Ratio of today is 1.49.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Sony Group was 2.10. The lowest was 0.22. And the median was 0.78.


Sony Group Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Sony Group'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.

Sony Group Cyclically Adjusted Revenue per Share Chart

Sony Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 63.29 63.60 62.53 56.73 56.64

Sony Group 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 55.69 56.64 52.94 52.04 55.40

Competitive Comparison of Sony Group's Cyclically Adjusted Revenue per Share

For the Consumer Electronics subindustry, Sony Group'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.


Sony Group's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

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



Sony Group 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, Sony Group'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)
=21.086/106.8000*106.8000
=21.086

Current CPI (Dec. 2023) = 106.8000.

Sony Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 17.516 95.700 19.548
201406 15.176 98.000 16.539
201409 16.184 98.500 17.548
201412 19.620 97.900 21.404
201503 16.056 97.900 17.516
201506 12.472 98.400 13.537
201509 12.254 98.500 13.287
201512 16.483 98.100 17.945
201603 12.553 97.900 13.694
201606 11.896 98.100 12.951
201609 12.880 98.000 14.037
201612 16.042 98.400 17.411
201703 13.077 98.100 14.237
201706 12.988 98.500 14.082
201709 14.422 98.800 15.590
201712 18.305 99.400 19.668
201803 14.205 99.200 15.293
201806 13.702 99.200 14.752
201809 15.022 99.900 16.060
201812 16.507 99.700 17.683
201903 14.854 99.700 15.912
201906 13.965 99.800 14.945
201909 15.608 100.100 16.653
201912 17.989 100.500 19.117
202003 12.965 100.300 13.805
202006 14.624 99.900 15.634
202009 15.954 99.900 17.056
202012 20.752 99.300 22.319
202103 16.422 99.900 17.556
202106 16.370 99.500 17.571
202109 17.180 100.100 18.330
202112 21.280 100.100 22.704
202203 15.286 101.100 16.148
202206 13.364 101.800 14.020
202209 14.735 103.100 15.264
202212 18.424 104.100 18.902
202303 21.794 104.400 22.295
202306 16.930 105.200 17.187
202309 15.464 106.200 15.551
202312 21.086 106.800 21.086

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


Sony Group  (NYSE:SONY) 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.

Sony Group's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=82.33/55.4
=1.49

* 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 Sony Group was 2.10. The lowest was 0.22. And the median was 0.78.


Be Aware

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


Sony Group Cyclically Adjusted Revenue per Share Related Terms

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


Sony Group (Sony Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sony Group Corp (NYSE:SONY) » Definitions » Cyclically Adjusted Revenue per Share
Address
7-1, Konan 1-Chome, Minato-ku, Tokyo, JPN, 108-0075
Sony Group is a conglomerate with consumer electronics roots, which not only designs, develops, produces, and sells electronic equipment and devices, but also is engaged in content businesses, such as console and mobile games, music, and movies. Sony is a global top company of CMOS image sensors, game consoles, professional broadcasting cameras, and music publishing, and is one of the top players on digital cameras, wireless earphones, recorded music, movies, and so on. Sony's business portfolio is well diversified with six major business segments. The company fully consolidated Sony Financial in September 2020, which provides life and non-life insurance, banking, and other financial services.