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DBS Group Holdings (FRA:DEVL) Cyclically Adjusted PS Ratio : 5.98 (As of Jun. 08, 2024)


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What is DBS Group Holdings Cyclically Adjusted PS Ratio?

As of today (2024-06-08), DBS Group Holdings's current share price is €24.21. DBS Group Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €4.05. DBS Group Holdings's Cyclically Adjusted PS Ratio for today is 5.98.

The historical rank and industry rank for DBS Group Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:DEVL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.89   Med: 5.7   Max: 7.29
Current: 5.99

During the past years, DBS Group Holdings's highest Cyclically Adjusted PS Ratio was 7.29. The lowest was 3.89. And the median was 5.70.

FRA:DEVL's Cyclically Adjusted PS Ratio is ranked worse than
92.2% of 1192 companies
in the Banks industry
Industry Median: 2.36 vs FRA:DEVL: 5.99

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.

DBS Group Holdings's adjusted revenue per share data for the three months ended in Mar. 2024 was €1.341. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €4.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


DBS Group Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for DBS Group Holdings's Cyclically Adjusted PS Ratio 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.

DBS Group Holdings Cyclically Adjusted PS Ratio Chart

DBS Group Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.73 5.26 6.16 5.81 5.28

DBS Group Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio 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 5.49 5.13 5.35 5.28 5.53

Competitive Comparison of DBS Group Holdings's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, DBS Group Holdings'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.


DBS Group Holdings's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, DBS Group Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



DBS Group Holdings Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

DBS Group Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=24.21/4.05
=5.98

* 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.

DBS Group Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, DBS Group Holdings's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.341/131.7762*131.7762
=1.341

Current CPI (Mar. 2024) = 131.7762.

DBS Group Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.503 100.560 0.659
201409 0.567 100.428 0.744
201412 0.531 99.070 0.706
201503 0.700 99.621 0.926
201506 0.648 100.684 0.848
201509 0.620 100.392 0.814
201512 0.629 99.792 0.831
201603 0.680 100.470 0.892
201606 0.692 101.688 0.897
201609 0.688 101.861 0.890
201612 0.657 101.863 0.850
201703 0.770 102.862 0.986
201706 0.669 103.349 0.853
201709 0.676 104.136 0.855
201712 0.682 104.011 0.864
201803 0.735 105.290 0.920
201806 0.721 106.317 0.894
201809 0.751 106.507 0.929
201812 0.742 105.998 0.922
201903 0.825 107.251 1.014
201906 0.857 108.070 1.045
201909 0.896 108.329 1.090
201912 0.817 108.420 0.993
202003 0.913 108.902 1.105
202006 0.850 108.767 1.030
202009 0.795 109.815 0.954
202012 0.718 109.897 0.861
202103 0.861 111.754 1.015
202106 0.791 114.631 0.909
202109 0.795 115.734 0.905
202112 0.757 117.630 0.848
202203 0.869 121.301 0.944
202206 0.903 125.017 0.952
202209 1.133 125.227 1.192
202212 1.131 125.222 1.190
202303 1.212 127.348 1.254
202306 1.219 128.729 1.248
202309 1.257 129.860 1.276
202312 1.204 129.419 1.226
202403 1.341 131.776 1.341

Add all the adjusted revenue per share together and divide 10 will get our 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.


DBS Group Holdings  (FRA:DEVL) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


DBS Group Holdings Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of DBS Group Holdings's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


DBS Group Holdings (FRA:DEVL) Business Description

Traded in Other Exchanges
Address
12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Singapore, SGP, 018982
DBS Group is a Singapore-based banking group offering a full range of services to consumers, small to midsize enterprises, and corporations and institutions. Its main presence is in Singapore and Greater China. The recent acquisition of Lakshmi Vilas Bank has strengthened DBS' operations in India, and the acquisition of Citibank's Taiwan operation should bring additional growth in Greater China. DBS' wealth management division is one of the largest in Asia, with assets under management of SGD 320 billion as of June 2023.

DBS Group Holdings (FRA:DEVL) Headlines

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