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Danske Bank A/S (FRA:DSN) Cyclically Adjusted Revenue per Share : €8.04 (As of Mar. 2024)


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What is Danske Bank A/S 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.

Danske Bank A/S's adjusted revenue per share for the three months ended in Mar. 2024 was €2.172. 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 €8.04 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Danske Bank A/S's average Cyclically Adjusted Revenue Growth Rate was 3.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -0.10% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Danske Bank A/S was 4.50% per year. The lowest was -4.90% per year. And the median was -1.80% per year.

As of today (2024-05-26), Danske Bank A/S's current stock price is €26.60. Danske Bank A/S's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €8.04. Danske Bank A/S's Cyclically Adjusted PS Ratio of today is 3.31.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Danske Bank A/S was 4.25. The lowest was 1.30. And the median was 2.21.


Danske Bank A/S Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Danske Bank A/S'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.

Danske Bank A/S Cyclically Adjusted Revenue per Share Chart

Danske Bank A/S 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 7.51 6.98 7.14 7.62 7.83

Danske Bank A/S 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 7.89 7.65 7.89 7.83 8.04

Competitive Comparison of Danske Bank A/S's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Danske Bank A/S'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.


Danske Bank A/S's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Danske Bank A/S's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Danske Bank A/S's Cyclically Adjusted PS Ratio falls into.



Danske Bank A/S 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, Danske Bank A/S'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)
=2.172/118.4000*118.4000
=2.172

Current CPI (Mar. 2024) = 118.4000.

Danske Bank A/S Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.637 99.700 1.944
201409 1.553 99.700 1.844
201412 1.544 99.400 1.839
201503 1.744 100.200 2.061
201506 1.594 100.300 1.882
201509 1.465 100.200 1.731
201512 1.481 99.800 1.757
201603 1.543 100.200 1.823
201606 1.669 100.600 1.964
201609 1.778 100.200 2.101
201612 1.705 100.300 2.013
201703 1.914 101.200 2.239
201706 1.779 101.200 2.081
201709 1.804 101.800 2.098
201712 1.874 101.300 2.190
201803 1.855 101.700 2.160
201806 1.695 102.300 1.962
201809 1.860 102.400 2.151
201812 1.739 102.100 2.017
201903 1.780 102.900 2.048
201906 1.722 102.900 1.981
201909 1.769 102.900 2.035
201912 1.893 102.900 2.178
202003 1.642 103.300 1.882
202006 1.941 103.200 2.227
202009 1.804 103.500 2.064
202012 1.858 103.400 2.128
202103 1.883 104.300 2.138
202106 1.842 105.000 2.077
202109 1.833 105.800 2.051
202112 1.919 106.600 2.131
202203 1.683 109.900 1.813
202206 1.480 113.600 1.543
202209 1.699 116.400 1.728
202212 2.025 115.900 2.069
202303 2.089 117.300 2.109
202306 2.127 116.400 2.164
202309 2.150 117.400 2.168
202312 2.307 116.700 2.341
202403 2.172 118.400 2.172

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


Danske Bank A/S  (FRA:DSN) 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.

Danske Bank A/S's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=26.60/8.04
=3.31

* 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 Danske Bank A/S was 4.25. The lowest was 1.30. And the median was 2.21.


Be Aware

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


Danske Bank A/S Cyclically Adjusted Revenue per Share Related Terms

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


Danske Bank A/S (FRA:DSN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Danske Bank A/S (FRA:DSN) » Definitions » Cyclically Adjusted Revenue per Share
Address
Holmens Kanal 2-12, Copenhagen, DNK, DK-1092
Founded in 1871, Danske Bank's headquarters are in Copenhagen, Denmark. It is the largest Danish bank with a dominant market share of 27% in lending and 29% in deposits. It operates through 270 branches in Denmark, Finland, Sweden, Norway, Ireland, and the United Kingdom. With the establishment of its wealth management segment in April 2016, the bank now operates via five segments. The others are banking Denmark, banking Nordics, corporates and institutions, and Northern Ireland.

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