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DNB Bank ASA (FRA:D1NC) Cyclically Adjusted Revenue per Share : €3.60 (As of Mar. 2024)


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What is DNB Bank ASA 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.

DNB Bank ASA's adjusted revenue per share for the three months ended in Mar. 2024 was €1.160. 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 €3.60 for the trailing ten years ended in Mar. 2024.

During the past 12 months, DNB Bank ASA's average Cyclically Adjusted Revenue Growth Rate was 7.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.50% 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 DNB Bank ASA was 6.70% per year. The lowest was 1.00% per year. And the median was 3.90% per year.

As of today (2024-05-27), DNB Bank ASA's current stock price is €17.635. DNB Bank ASA's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €3.60. DNB Bank ASA's Cyclically Adjusted PS Ratio of today is 4.90.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of DNB Bank ASA was 5.94. The lowest was 3.29. And the median was 4.81.


DNB Bank ASA Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for DNB Bank ASA'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.

DNB Bank ASA Cyclically Adjusted Revenue per Share Chart

DNB Bank ASA 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 3.30 3.25 3.64 3.63 3.66

DNB Bank ASA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.49 3.46 3.64 3.66 3.60

Competitive Comparison of DNB Bank ASA's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, DNB Bank ASA'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.


DNB Bank ASA's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



DNB Bank ASA 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, DNB Bank ASA'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)
=1.16/132.6000*132.6000
=1.160

Current CPI (Mar. 2024) = 132.6000.

DNB Bank ASA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.891 97.500 1.212
201409 0.956 98.500 1.287
201412 0.824 98.600 1.108
201503 1.042 99.200 1.393
201506 0.912 100.100 1.208
201509 0.889 100.600 1.172
201512 0.839 100.900 1.103
201603 0.884 102.500 1.144
201606 0.814 103.800 1.040
201609 0.828 104.200 1.054
201612 0.862 104.400 1.095
201703 0.807 105.000 1.019
201706 0.700 105.800 0.877
201709 0.712 105.900 0.892
201712 0.804 106.100 1.005
201803 0.770 107.300 0.952
201806 0.805 108.500 0.984
201809 0.808 109.500 0.978
201812 0.859 109.800 1.037
201903 0.832 110.400 0.999
201906 0.903 110.600 1.083
201909 0.922 111.100 1.100
201912 0.828 111.300 0.986
202003 0.897 111.200 1.070
202006 0.835 112.100 0.988
202009 0.782 112.900 0.918
202012 0.795 112.900 0.934
202103 0.844 114.600 0.977
202106 0.848 115.300 0.975
202109 0.896 117.500 1.011
202112 0.931 118.900 1.038
202203 0.995 119.800 1.101
202206 1.016 122.600 1.099
202209 1.016 125.600 1.073
202212 1.115 125.900 1.174
202303 1.167 127.600 1.213
202306 1.114 130.400 1.133
202309 1.197 129.800 1.223
202312 1.127 131.900 1.133
202403 1.160 132.600 1.160

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


DNB Bank ASA  (FRA:D1NC) 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.

DNB Bank ASA's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=17.635/3.6
=4.90

* 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 DNB Bank ASA was 5.94. The lowest was 3.29. And the median was 4.81.


Be Aware

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


DNB Bank ASA Cyclically Adjusted Revenue per Share Related Terms

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


DNB Bank ASA (FRA:D1NC) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » DNB Bank ASA (FRA:D1NC) » Definitions » Cyclically Adjusted Revenue per Share
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Dronning Eufemias gate 30, Bjorvika, Oslo, NOR, 0191
DNB Bank ASA is a Norwegian financial services group. About one fourth of its income derives from its international business, including other parts of Europe, Asia, and the Americas. The group offers a full range of financial services, including loans, savings, advisory services, insurance, and pension products for retail and corporate customers. Just under half of its credit exposure is to personal costumers, overwhelmingly in residential mortgages. The other portion of its credit exposure is to large corporations, diversified across an array of industries, most notably oil and gas, shipping, and commercial real estate. The group's strategy emphasizes cost efficiency and customer service.

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