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Bank of the Philippine Islands (PHS:BPI) Cyclically Adjusted Revenue per Share : ₱22.50 (As of Mar. 2024)


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What is Bank of the Philippine Islands 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.

Bank of the Philippine Islands's adjusted revenue per share for the three months ended in Mar. 2024 was ₱7.515. 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 ₱22.50 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Bank of the Philippine Islands's average Cyclically Adjusted Revenue Growth Rate was 10.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.30% 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 Bank of the Philippine Islands was 10.70% per year. The lowest was 5.50% per year. And the median was 9.00% per year.

As of today (2024-05-25), Bank of the Philippine Islands's current stock price is ₱123.00. Bank of the Philippine Islands's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₱22.50. Bank of the Philippine Islands's Cyclically Adjusted PS Ratio of today is 5.47.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Bank of the Philippine Islands was 8.08. The lowest was 3.36. And the median was 5.02.


Bank of the Philippine Islands Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Bank of the Philippine Islands'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.

Bank of the Philippine Islands Cyclically Adjusted Revenue per Share Chart

Bank of the Philippine Islands 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 15.04 16.01 17.86 19.94 21.74

Bank of the Philippine Islands 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 20.42 20.94 21.44 21.74 22.50

Competitive Comparison of Bank of the Philippine Islands's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Bank of the Philippine Islands'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.


Bank of the Philippine Islands's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Bank of the Philippine Islands's Cyclically Adjusted PS Ratio falls into.



Bank of the Philippine Islands 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, Bank of the Philippine Islands'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)
=7.515/131.7762*131.7762
=7.515

Current CPI (Mar. 2024) = 131.7762.

Bank of the Philippine Islands Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.170 100.560 4.154
201409 3.364 100.428 4.414
201412 3.581 99.070 4.763
201503 3.378 99.621 4.468
201506 3.390 100.684 4.437
201509 3.487 100.392 4.577
201512 3.541 99.792 4.676
201603 3.531 100.470 4.631
201606 4.636 101.688 6.008
201609 3.509 101.861 4.540
201612 3.411 101.863 4.413
201703 4.152 102.862 5.319
201706 4.013 103.349 5.117
201709 4.094 104.136 5.181
201712 3.830 104.011 4.852
201803 4.294 105.290 5.374
201806 3.826 106.317 4.742
201809 4.009 106.507 4.960
201812 4.022 105.998 5.000
201903 4.640 107.251 5.701
201906 4.707 108.070 5.740
201909 5.111 108.329 6.217
201912 4.329 108.420 5.262
202003 5.032 108.902 6.089
202006 5.471 108.767 6.628
202009 5.007 109.815 6.008
202012 5.227 109.897 6.268
202103 4.943 111.754 5.829
202106 4.842 114.631 5.566
202109 4.780 115.734 5.443
202112 5.244 117.630 5.875
202203 5.619 121.301 6.104
202206 6.564 125.017 6.919
202209 6.063 125.227 6.380
202212 6.316 125.222 6.647
202303 6.999 127.348 7.242
202306 6.850 128.729 7.012
202309 7.135 129.860 7.240
202312 7.568 129.419 7.706
202403 7.515 131.776 7.515

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


Bank of the Philippine Islands  (PHS:BPI) 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.

Bank of the Philippine Islands's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=123.00/22.5
=5.47

* 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 Bank of the Philippine Islands was 8.08. The lowest was 3.36. And the median was 5.02.


Be Aware

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


Bank of the Philippine Islands Cyclically Adjusted Revenue per Share Related Terms

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


Bank of the Philippine Islands (PHS:BPI) Business Description

Industry
Traded in Other Exchanges
Address
Ayala Avenue Corner Salcedo Street, Ayala North Exchange Tower 1, Legaspi Village, Metro Manila, Makati City, PHL, 1229
Bank of the Philippine Islands is a universal bank offering a range of financial products and solutions for both retail and corporate customers. BPI's services include consumer banking and lending, asset management, insurance, securities brokerage and distribution, foreign exchange, leasing, and corporate and investment banking. The bank has a wide network and operates almost entirely in the Philippines with some exposure to Hong Kong and Europe. The bank's primary shareholder for decades has been the Ayala Corporation, a large Filipino conglomerate that holds about half of the bank's outstanding shares. It has also long been associated with the Catholic Church and its charities and endowments. Large corporate customers constitute the majority of the bank's loan portfolio.

Bank of the Philippine Islands (PHS:BPI) Headlines

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