GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Taylor Morrison Home Corp (NYSE:TMHC) » Definitions » Cyclically Adjusted Revenue per Share

Taylor Morrison Home (Taylor Morrison Home) Cyclically Adjusted Revenue per Share : $50.02 (As of Dec. 2023)


View and export this data going back to 2013. Start your Free Trial

What is Taylor Morrison Home 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.

Taylor Morrison Home's adjusted revenue per share for the three months ended in Dec. 2023 was $18.536. 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 $50.02 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Taylor Morrison Home's average Cyclically Adjusted Revenue Growth Rate was 14.10% 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 (2024-04-28), Taylor Morrison Home's current stock price is $57.56. Taylor Morrison Home's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $50.02. Taylor Morrison Home's Cyclically Adjusted PS Ratio of today is 1.15.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Taylor Morrison Home was 1.24. The lowest was 0.56. And the median was 0.86.


Taylor Morrison Home Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Taylor Morrison Home'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.

Taylor Morrison Home Cyclically Adjusted Revenue per Share Chart

Taylor Morrison Home 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 - - 34.75 43.84 50.02

Taylor Morrison Home 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 43.84 45.69 47.50 48.75 50.02

Competitive Comparison of Taylor Morrison Home's Cyclically Adjusted Revenue per Share

For the Residential Construction subindustry, Taylor Morrison Home'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.


Taylor Morrison Home's Cyclically Adjusted PS Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Taylor Morrison Home's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Taylor Morrison Home 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, Taylor Morrison Home'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)
=18.536/129.4194*129.4194
=18.536

Current CPI (Dec. 2023) = 129.4194.

Taylor Morrison Home Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 3.846 99.695 4.993
201406 4.879 100.560 6.279
201409 5.143 100.428 6.628
201412 8.278 99.070 10.814
201503 4.163 99.621 5.408
201506 5.726 100.684 7.360
201509 6.503 100.392 8.383
201512 7.932 99.792 10.287
201603 5.322 100.470 6.855
201606 7.057 101.688 8.982
201609 7.106 101.861 9.029
201612 9.915 101.863 12.597
201703 6.384 102.862 8.032
201706 7.504 103.349 9.397
201709 7.493 104.136 9.312
201712 10.769 104.011 13.400
201803 6.555 105.290 8.057
201806 8.643 106.317 10.521
201809 9.136 106.507 11.101
201812 13.093 105.998 15.986
201903 8.284 107.251 9.996
201906 11.801 108.070 14.132
201909 10.342 108.329 12.355
201912 13.659 108.420 16.305
202003 11.039 108.902 13.119
202006 11.711 108.767 13.935
202009 12.930 109.815 15.238
202012 11.760 109.897 13.849
202103 10.803 111.754 12.511
202106 13.199 114.631 14.902
202109 14.779 115.734 16.527
202112 20.052 117.630 22.062
202203 13.885 121.301 14.814
202206 16.775 125.017 17.366
202209 17.882 125.227 18.481
202212 22.745 125.222 23.507
202303 15.101 127.348 15.347
202306 18.588 128.729 18.688
202309 15.147 129.860 15.096
202312 18.536 129.419 18.536

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


Taylor Morrison Home  (NYSE:TMHC) 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.

Taylor Morrison Home's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=57.56/50.02
=1.15

* 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 Taylor Morrison Home was 1.24. The lowest was 0.56. And the median was 0.86.


Be Aware

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


Taylor Morrison Home Cyclically Adjusted Revenue per Share Related Terms

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


Taylor Morrison Home (Taylor Morrison Home) Business Description

Traded in Other Exchanges
Address
4900 N. Scottsdale Road, Suite 2000, Scottsdale, AZ, USA, 85251
Taylor Morrison Home is an American residential construction company that builds single-family homes and communities throughout California, Arizona, Texas, Illinois, Colorado, Florida, Georgia, and North Carolina. Taylor Morrison also reports via a mortgage operations segment that provides financing services for its homebuyers. It constructs various types of single-family homes, from entry-level to luxury move-up homes, as well as active adult communities. The majority of the company's revenue is derived from its construction projects, with the West and central operating regions leading the way.
Executives
William H Lyon director C/O TAYLOR MORRISON HOME CORP., 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Sheryl Palmer officer: President and CEO 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Darrell Sherman officer: EVP, CLO & Secretary 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Joseph Terracciano officer: Chief Accounting Officer 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Curtis Vanhyfte officer: Interim CFO 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Louis Steffens officer: EVP and CFO 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
David C Merritt director CHARTER COMMUNICATIONS INC, 12405 POWERSCOURT DRIVE, ST LOUIS MO 63131
Denise Warren director 209 REDWOOD SHORES PKWY, REDWOOD CITY CA 94065
C. David Cone officer: Vice President and CFO 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Christopher J. Yip director 301 COMMERCE STREET, FORT WORTH TX 76102
Gary H Hunt director C/O WILLIAM LYON HOMES, 4695 MACARTHUR COURT, 8TH FLOOR, NEWPORT BEACH CA 92660
Peter R. Lane director 1500 SOLANA BOULEVARD, BUILDING 4, SUITE 4500, SOUTHLAKE TX 76092
Jeffry L. Flake director C/O 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Andi Owen director 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Tpg Group Holdings (sbs) Advisors, Inc. 10 percent owner C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102