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Credito Emiliano (MIL:CE) Cyclically Adjusted PS Ratio : 2.05 (As of May. 21, 2024)


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What is Credito Emiliano Cyclically Adjusted PS Ratio?

As of today (2024-05-21), Credito Emiliano's current share price is €9.87. Credito Emiliano's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €4.81. Credito Emiliano's Cyclically Adjusted PS Ratio for today is 2.05.

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

MIL:CE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.92   Med: 1.48   Max: 2.31
Current: 2.06

During the past years, Credito Emiliano's highest Cyclically Adjusted PS Ratio was 2.31. The lowest was 0.92. And the median was 1.48.

MIL:CE's Cyclically Adjusted PS Ratio is ranked better than
60.37% of 1196 companies
in the Banks industry
Industry Median: 2.4 vs MIL:CE: 2.06

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.

Credito Emiliano's adjusted revenue per share data for the three months ended in Mar. 2024 was €1.630. 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 €4.81 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Credito Emiliano Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Credito Emiliano'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.

Credito Emiliano Cyclically Adjusted PS Ratio Chart

Credito Emiliano 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 1.44 1.20 1.48 1.48 1.70

Credito Emiliano 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 1.50 1.54 1.65 1.70 1.93

Competitive Comparison of Credito Emiliano's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Credito Emiliano'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.


Credito Emiliano's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



Credito Emiliano 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.

Credito Emiliano's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.87/4.81
=2.05

* 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.

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

For example, Credito Emiliano'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)
=1.63/120.2000*120.2000
=1.630

Current CPI (Mar. 2024) = 120.2000.

Credito Emiliano Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.864 100.093 1.038
201409 0.837 99.814 1.008
201412 0.921 99.721 1.110
201503 1.151 99.814 1.386
201506 0.867 100.279 1.039
201509 0.775 100.000 0.932
201512 0.947 99.814 1.140
201603 0.926 99.600 1.118
201606 0.867 99.900 1.043
201609 0.854 100.100 1.025
201612 1.022 100.300 1.225
201703 0.953 101.000 1.134
201706 0.889 101.100 1.057
201709 0.927 101.200 1.101
201712 1.032 101.200 1.226
201803 1.004 101.800 1.185
201806 0.923 102.400 1.083
201809 0.888 102.600 1.040
201812 1.043 102.300 1.225
201903 0.936 102.800 1.094
201906 1.018 103.100 1.187
201909 0.937 102.900 1.095
201912 1.117 102.800 1.306
202003 0.976 102.900 1.140
202006 0.932 102.900 1.089
202009 1.011 102.300 1.188
202012 1.063 102.600 1.245
202103 1.084 103.700 1.256
202106 1.033 104.200 1.192
202109 0.995 104.900 1.140
202112 1.321 106.600 1.490
202203 1.152 110.400 1.254
202206 1.096 112.500 1.171
202209 1.067 114.200 1.123
202212 1.270 119.000 1.283
202303 1.463 118.800 1.480
202306 1.542 119.700 1.548
202309 1.400 120.300 1.399
202312 1.675 119.700 1.682
202403 1.630 120.200 1.630

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.


Credito Emiliano  (MIL:CE) 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.


Credito Emiliano Cyclically Adjusted PS Ratio Related Terms

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


Credito Emiliano (MIL:CE) Business Description

Industry
Traded in Other Exchanges
Address
Via Emilia San Pietro No. 4, Reggio Emilia, ITA, 42100
Credito Emiliano is a banking group that consists of several financial services companies. The group operates in multiple regions throughout Italy, particularly in the north and central portions of the country. Its activities principally include commercial banking, including retail services and small and medium enterprise banking, asset management, bancassurance as well as Trading services, and treasury. The group's distribution network targeting retail and corporate banking customers includes branches, business centers, and financial outlets. Its wealth management activities include mutual fund management, portfolio management, as well as private equity and hedge fund offerings. The bank's funding sources derive from direct bank deposits, insurance reserves, and assets under management.

Credito Emiliano (MIL:CE) Headlines

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