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First Bancorp (First Bancorp) Cyclically Adjusted PS Ratio : 3.26 (As of May. 27, 2024)


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What is First Bancorp Cyclically Adjusted PS Ratio?

As of today (2024-05-27), First Bancorp's current share price is $24.50. First Bancorp's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $7.52. First Bancorp's Cyclically Adjusted PS Ratio for today is 3.26.

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

FNLC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.97   Med: 4.23   Max: 6.19
Current: 3.26

During the past years, First Bancorp's highest Cyclically Adjusted PS Ratio was 6.19. The lowest was 2.97. And the median was 4.23.

FNLC's Cyclically Adjusted PS Ratio is ranked worse than
70.84% of 1190 companies
in the Banks industry
Industry Median: 2.4 vs FNLC: 3.26

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.

First Bancorp's adjusted revenue per share data for the three months ended in Mar. 2024 was $1.665. 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 $7.52 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Bancorp Cyclically Adjusted PS Ratio Historical Data

The historical data trend for First Bancorp'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.

First Bancorp Cyclically Adjusted PS Ratio Chart

First Bancorp 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 5.32 4.33 4.89 4.26 3.83

First Bancorp 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 3.61 3.35 3.19 3.83 3.28

Competitive Comparison of First Bancorp's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, First Bancorp'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.


First Bancorp's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



First Bancorp 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.

First Bancorp's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=24.50/7.52
=3.26

* 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.

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

For example, First Bancorp'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)
=1.665/131.7762*131.7762
=1.665

Current CPI (Mar. 2024) = 131.7762.

First Bancorp Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.148 100.560 1.504
201409 1.275 100.428 1.673
201412 1.179 99.070 1.568
201503 1.245 99.621 1.647
201506 1.201 100.684 1.572
201509 1.252 100.392 1.643
201512 1.241 99.792 1.639
201603 1.268 100.470 1.663
201606 1.290 101.688 1.672
201609 1.291 101.861 1.670
201612 1.271 101.863 1.644
201703 1.325 102.862 1.697
201706 1.356 103.349 1.729
201709 1.427 104.136 1.806
201712 1.424 104.011 1.804
201803 1.433 105.290 1.793
201806 1.424 106.317 1.765
201809 1.434 106.507 1.774
201812 1.496 105.998 1.860
201903 1.475 107.251 1.812
201906 1.520 108.070 1.853
201909 1.538 108.329 1.871
201912 1.590 108.420 1.933
202003 1.754 108.902 2.122
202006 1.747 108.767 2.117
202009 1.787 109.815 2.144
202012 1.842 109.897 2.209
202103 1.929 111.754 2.275
202106 1.878 114.631 2.159
202109 1.946 115.734 2.216
202112 2.050 117.630 2.297
202203 2.072 121.301 2.251
202206 2.065 125.017 2.177
202209 2.182 125.227 2.296
202212 2.113 125.222 2.224
202303 1.902 127.348 1.968
202306 1.788 128.729 1.830
202309 1.790 129.860 1.816
202312 1.799 129.419 1.832
202403 1.665 131.776 1.665

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.


First Bancorp  (NAS:FNLC) 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.


First Bancorp Cyclically Adjusted PS Ratio Related Terms

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


First Bancorp (First Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
223 Main Street, Damariscotta, ME, USA, 04543
First Bancorp Inc is a Damariscotta-based bank holding company providing a range of retail and commercial banking services including deposit accounts and consumer, commercial and mortgage loans. The company provides investment management and private banking services through an operating division of the bank. Its revenues are generally derived from dividends paid to the company by the bank.
Executives
Stuart G Smith director P O BOX 940, DAMARISCOTTA ME 045430940
Robert B Gregory director P O BOX 940, DAMARISCOTTA ME 045430940
Sarah Tolman officer: EVP - CBO PO BOX 940, DAMARISCOTTA ME 04543
Kimberly Swan director PO BOX 940, DAMARISCOTTA ME 04543
Susan A Norton officer: VP - HR and Compliance P O BOX 940, DAMARISCOTTA ME 045430940
Mark N Rosborough director PO BOX 940, DAMARISCOTTA ME 04543
Renee W Kelly director PO BOX 940, DAMARISCOTTA ME 04543
Russell Cornelius J director PO BOX 940, DAMARISCOTTA MD 04543
Jonathan W Nicholson officer: EVP - Chief Lending Officer PO BOX 940, DAMARISCOTTA ME 04543
Tony C Mckim director, officer: President & CEO PO BOX 940, DAMARISCOTTA ME 04543
Peter C Nicholson officer: EVP - Chief Fiduciary Officer PO BOX 940, DAMARISCOTTA ME 04543
Tammy L Plummer officer: EVP - CIO PO BOX 940, DAMARISCOTTA ME 04543
Charles A Wooton officer: Clerk, SVP - Banking Services P O BOX 940, DAMARISCOTTA ME 045430940
Steven Parady officer: Chief Fiduciary Officer PO BOX 940, DAMARISCOTTA ME 04543
Katherine M Boyd director P O BOX 940, DAMARISCOTTA ME 045430940

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