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Block (SQ) Cyclically Adjusted Revenue per Share : $18.16 (As of Dec. 2023)


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What is Block 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.

Block's adjusted revenue per share for the three months ended in Dec. 2023 was $9.080. 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 $18.16 for the trailing ten years ended in Dec. 2023.

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), Block's current stock price is $74.48. Block's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $18.16. Block's Cyclically Adjusted PS Ratio of today is 4.10.

During the past 12 years, the highest Cyclically Adjusted PS Ratio of Block was 4.66. The lowest was 2.26. And the median was 3.72.


Block Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Block'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.

Block Cyclically Adjusted Revenue per Share Chart

Block 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 - - - - 18.16

Block 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 - - - 17.72 18.16

Competitive Comparison of Block's Cyclically Adjusted Revenue per Share

For the Software - Infrastructure subindustry, Block'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.


Block's Cyclically Adjusted PS Ratio Distribution in the Software Industry

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

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



Block 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, Block'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)
=9.08/129.4194*129.4194
=9.080

Current CPI (Dec. 2023) = 129.4194.

Block Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 0.000 98.326 0.000
201406 0.000 100.560 0.000
201409 0.800 100.428 1.031
201412 0.882 99.070 1.152
201503 0.881 99.621 1.145
201506 1.090 100.684 1.401
201509 1.029 100.392 1.327
201512 1.118 99.792 1.450
201603 1.145 100.470 1.475
201606 1.311 101.688 1.669
201609 1.277 101.861 1.622
201612 1.268 101.863 1.611
201703 1.259 102.862 1.584
201706 1.465 103.349 1.835
201709 1.524 104.136 1.894
201712 1.579 104.011 1.965
201803 1.689 105.290 2.076
201806 2.021 106.317 2.460
201809 1.857 106.507 2.256
201812 2.253 105.998 2.751
201903 2.288 107.251 2.761
201906 2.774 108.070 3.322
201909 2.717 108.329 3.246
201912 2.209 108.420 2.637
202003 3.175 108.902 3.773
202006 4.371 108.767 5.201
202009 6.216 109.815 7.326
202012 5.186 109.897 6.107
202103 10.087 111.754 11.681
202106 8.957 114.631 10.112
202109 7.627 115.734 8.529
202112 8.816 117.630 9.700
202203 7.315 121.301 7.805
202206 7.576 125.017 7.843
202209 7.619 125.227 7.874
202212 7.763 125.222 8.023
202303 8.286 127.348 8.421
202306 9.123 128.729 9.172
202309 9.190 129.860 9.159
202312 9.080 129.419 9.080

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


Block  (NYSE:SQ) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=74.48/18.16
=4.10

* 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 12 years, the highest Cyclically Adjusted PS Ratio of Block was 4.66. The lowest was 2.26. And the median was 3.72.


Be Aware

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


Block Cyclically Adjusted Revenue per Share Related Terms

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


Block (SQ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Block Inc (NYSE:SQ) » Definitions » Cyclically Adjusted Revenue per Share
Address
1455 Market Street, Suite 600, San Francisco, CA, USA, 94103
Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2022, Square's payment volume was a little over $200 million.
Executives
Brian Grassadonia officer: Cash App Lead 1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Amrita Ahuja officer: Chief Financial Officer 1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Chrysty Esperanza officer: Interim Counsel Lead 1955 BROADWAY, SUITE 600, OAKLAND CA 94612
Ajmere Dale officer: Chief Accounting Officer 1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Roelof Botha director C/O SEQUOIA CAPITAL, 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Alyssa Henry officer: Seller Lead 1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Lawrence Henry Summers director JOHN F. KENNEDY SCHOOL OF GOVERNMENT, MAILBOX 8, 79 JFK STREET, CAMBRIDGE MA 02138
Neha Narula director 1955 BROADWAY, SUITE 600, OAKLAND CA 94612
Sivan Whiteley officer: Gen. Counsel & Corp. Secretary 1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Sharon Rothstein director C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
Mckelvey James Morgan Jr. director, 10 percent owner 2645 SOUTH BAYSHORE #802, MIAMI FL 33133
Carter Shawn Corey director C/O S. CARTER ENTERPRISES, LLC, 1411 BROADWAY, NEW YORK NY 10018
Jack Dorsey director, 10 percent owner, officer: President, CEO & Chairman C/O TWITTER INC, 1355 MARKET STREET SUITE 900, SAN FRANCISCO CA 94103
Mary G Meeker director 2750 SAND HILL ROAD, MENLO PARK CA 94025
David A Viniar director C/O GOLDMAN SACHS GROUP INC, 200 WEST STREET, NEW YORK NY 10282