IBTX has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
IBTX has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
As of today (2024-05-13), Independent Bank Group's current share price is $42.71. Independent Bank Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $14.50. Independent Bank Group's Cyclically Adjusted PS Ratio for today is 2.95.
The historical rank and industry rank for Independent Bank Group's Cyclically Adjusted PS Ratio or its related term are showing as below:
During the past years, Independent Bank Group's highest Cyclically Adjusted PS Ratio was 6.44. The lowest was 2.11. And the median was 4.63.
IBTX's Cyclically Adjusted PS Ratio is ranked worse thanThe 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.
Independent Bank Group's adjusted revenue per share data for the three months ended in Mar. 2024 was $2.805. 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 $14.50 for the trailing ten years ended in Mar. 2024.
The historical data trend for Independent Bank Group'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.
Independent Bank Group 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 | 3.29 | 2.41 | 2.73 | 3.52 | 3.15 |
For the Banks - Regional subindustry, Independent Bank Group'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.
For the Banks industry and Financial Services sector, Independent Bank Group's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Independent Bank Group's Cyclically Adjusted PS Ratio falls into.
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.
Independent Bank Group's Cyclically Adjusted PS Ratio for today is calculated as
Cyclically Adjusted PS Ratio | = | Share Price | / | Cyclically Adjusted Revenue per Share |
= | 42.71 | / | 14.5 | |
= | 2.95 |
* 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.
Independent Bank Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:
For example, Independent Bank Group'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) |
= | 2.805 | / | 129.4194 | * | 129.4194 | |
= | 2.805 |
Current CPI (Mar. 2024) = 129.4194.
Independent Bank Group Quarterly Data
Revenue per Share | CPI | Adj_RevenuePerShare | |
201406 | 2.215 | 100.560 | 2.851 |
201409 | 2.271 | 100.428 | 2.927 |
201412 | 2.485 | 99.070 | 3.246 |
201503 | 2.385 | 99.621 | 3.098 |
201506 | 2.485 | 100.684 | 3.194 |
201509 | 2.505 | 100.392 | 3.229 |
201512 | 2.618 | 99.792 | 3.395 |
201603 | 2.756 | 100.470 | 3.550 |
201606 | 2.786 | 101.688 | 3.546 |
201609 | 2.775 | 101.861 | 3.526 |
201612 | 2.802 | 101.863 | 3.560 |
201703 | 2.793 | 102.862 | 3.514 |
201706 | 2.912 | 103.349 | 3.647 |
201709 | 3.078 | 104.136 | 3.825 |
201712 | 3.072 | 104.011 | 3.822 |
201803 | 2.963 | 105.290 | 3.642 |
201806 | 3.083 | 106.317 | 3.753 |
201809 | 3.260 | 106.507 | 3.961 |
201812 | 3.205 | 105.998 | 3.913 |
201903 | 3.177 | 107.251 | 3.834 |
201906 | 3.397 | 108.070 | 4.068 |
201909 | 3.553 | 108.329 | 4.245 |
201912 | 3.396 | 108.420 | 4.054 |
202003 | 3.225 | 108.902 | 3.833 |
202006 | 3.576 | 108.767 | 4.255 |
202009 | 3.673 | 109.815 | 4.329 |
202012 | 3.574 | 109.897 | 4.209 |
202103 | 3.468 | 111.754 | 4.016 |
202106 | 3.392 | 114.631 | 3.830 |
202109 | 3.407 | 115.734 | 3.810 |
202112 | 3.476 | 117.630 | 3.824 |
202203 | 3.392 | 121.301 | 3.619 |
202206 | 3.663 | 125.017 | 3.792 |
202209 | 3.929 | 125.227 | 4.061 |
202212 | 3.740 | 125.222 | 3.865 |
202303 | 3.417 | 127.348 | 3.473 |
202306 | 3.085 | 128.729 | 3.102 |
202309 | 2.972 | 129.860 | 2.962 |
202312 | 2.831 | 129.419 | 2.831 |
202403 | 2.805 | 129.419 | 2.805 |
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.
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.
Thank you for viewing the detailed overview of Independent Bank Group's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Janet P Froetscher | director | CBOE GLOBAL MARKETS, 433 W. VAN BUREN ST., CHICAGO IL 60607 |
Paul B Langdale | officer: EVP, Chief Financial Officer | 7777 HENNEMAN WAY, MCKINNEY TX 75070 |
Brenda K Montgomery | officer: EVP, Chief Accounting Officer | 7777 HENNEMAN WAY, MCKINNEY TX 75070 |
Michael B Hobbs | officer: EVP/ Chief Lending Officer | 1331 17TH STREET, SUITE 200, DENVER CO 80202 |
Daniel W Brooks | director, officer: Vice Chairman and CRO | 1600 REDBUD BOULEVARD, SUITE 400, MCKINNEY TX 75069 |
David R Brooks | director, officer: Chairman and CEO | 1600 REDBUD BOULEVARD, SUITE 400, MCKINNEY TX 75069 |
William E Fair | director | 1600 REDBUD BOULEVARD, SUITE 400, MCKINNEY TX 75069 |
James P Tippit | officer: EVP Corporate Responsibility | 1600 REDBUD BOULEVARD, SUITE 400, MCKINNEY TX 75069 |
Jennings John Webb Iii | director | 1980 POST OAK BOULEVARD, SUITE 2150, HOUSTON TX 77056 |
James C White | officer: EVP and COO | 1600 REDBUD BOULEVARD, SUITE 400, MCKINNEY TX 75069 |
G Stacy Smith | director | 300 CRESCENT COURT SUITE 1111, DALLAS TX 75201 |
Michelle S Hickox | officer: EVP and CFO | 1600 REDBUD BOULEVARD, SUITE 400, MCKINNEY TX 75069 |
John G Turpen | officer: EVP, Chief Risk Officer | 2000 MCKINNEY AVE, SUITE 700, DALLAS TX 75201 |
Paul Washington | director | 1600 REDBUD BOULEVARD, SUITE 400, MCKINNEY TX 75069 |
Mark S Haynie | officer: EVP - General Counsel | 1600 REDBUS BOULEVARD, SUITE 400, MCKINNEY TX 75069 |
From GuruFocus
By GuruFocus Research GuruFocus Editor • 02-26-2021
By GuruFocus Research GuruFocus Editor • 01-22-2021
By Business Wire Business Wire • 09-14-2021
By Business Wire Business Wire • 01-26-2022
By GuruFocus Research • 10-24-2023
By Business Wire Business Wire • 01-10-2022
By Business Wire Business Wire • 05-03-2022
By GuruFocusNews insider • 02-11-2022
By GuruFocus Research GuruFocus Editor • 03-11-2021
By Business Wire Business Wire • 07-29-2022