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Preferred Bank (Preferred Bank) Cyclically Adjusted Revenue per Share : $12.87 (As of Sep. 2023)


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What is Preferred Bank 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.

Preferred Bank's adjusted revenue per share for the three months ended in Sep. 2023 was $5.383. 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 $12.87 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Preferred Bank's average Cyclically Adjusted Revenue Growth Rate was 17.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 14.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.60% 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 Preferred Bank was 14.70% per year. The lowest was -16.90% per year. And the median was -8.90% per year.

As of today (2024-04-30), Preferred Bank's current stock price is $75.5102. Preferred Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was $12.87. Preferred Bank's Cyclically Adjusted PS Ratio of today is 5.87.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Preferred Bank was 8.60. The lowest was 1.08. And the median was 5.29.


Preferred Bank Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Preferred Bank'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.

Preferred Bank Cyclically Adjusted Revenue per Share Chart

Preferred Bank Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.49 7.51 7.94 9.47 11.34

Preferred Bank Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 10.96 11.34 11.89 12.39 12.87

Competitive Comparison of Preferred Bank's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Preferred Bank'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.


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

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

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



Preferred Bank 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, Preferred Bank's adjusted Revenue per Share data for the three months ended in Sep. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=5.383/129.8595*129.8595
=5.383

Current CPI (Sep. 2023) = 129.8595.

Preferred Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 1.397 98.326 1.845
201403 1.301 99.695 1.695
201406 1.405 100.560 1.814
201409 1.387 100.428 1.793
201412 1.465 99.070 1.920
201503 1.459 99.621 1.902
201506 1.629 100.684 2.101
201509 1.648 100.392 2.132
201512 1.690 99.792 2.199
201603 1.786 100.470 2.308
201606 1.946 101.688 2.485
201609 1.975 101.861 2.518
201612 2.071 101.863 2.640
201703 2.115 102.862 2.670
201706 2.251 103.349 2.828
201709 2.530 104.136 3.155
201712 2.414 104.011 3.014
201803 2.499 105.290 3.082
201806 2.593 106.317 3.167
201809 2.701 106.507 3.293
201812 3.031 105.998 3.713
201903 2.732 107.251 3.308
201906 2.892 108.070 3.475
201909 2.872 108.329 3.443
201912 2.851 108.420 3.415
202003 2.923 108.902 3.486
202006 2.931 108.767 3.499
202009 3.070 109.815 3.630
202012 3.183 109.897 3.761
202103 3.123 111.754 3.629
202106 3.009 114.631 3.409
202109 3.395 115.734 3.809
202112 3.501 117.630 3.865
202203 3.491 121.301 3.737
202206 3.933 125.017 4.085
202209 4.710 125.227 4.884
202212 5.070 125.222 5.258
202303 4.975 127.348 5.073
202306 5.248 128.729 5.294
202309 5.383 129.860 5.383

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


Preferred Bank  (NAS:PFBC) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=75.5102/12.87
=5.87

* 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 Preferred Bank was 8.60. The lowest was 1.08. And the median was 5.29.


Be Aware

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


Preferred Bank Cyclically Adjusted Revenue per Share Related Terms

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


Preferred Bank (Preferred Bank) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Preferred Bank (NAS:PFBC) » Definitions » Cyclically Adjusted Revenue per Share
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Address
601 South Figueroa Street, 48th Floor, Los Angeles, CA, USA, 90017
Preferred Bank is a commercial bank located in California. Its products and services are divided into Personal Banking, Business Banking, and Commercial Banking which includes Checking accounts, Savings accounts, CDs, Loans and Credit, Electronic banking and Treasury Management. It provides personalized deposit services, real estate finance, commercial loans, and trade finance credit facilities to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high-net-worth individuals. The bank generates a majority of its revenue from Southern and Northern California and Flushing.

Preferred Bank (Preferred Bank) Headlines

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