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LCNB (LCNB) Cyclically Adjusted PS Ratio : 2.47 (As of Apr. 28, 2024)


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What is LCNB Cyclically Adjusted PS Ratio?

As of today (2024-04-28), LCNB's current share price is $15.24. LCNB's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $6.16. LCNB's Cyclically Adjusted PS Ratio for today is 2.47.

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

LCNB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.05   Med: 3.23   Max: 4.82
Current: 2.47

During the past years, LCNB's highest Cyclically Adjusted PS Ratio was 4.82. The lowest was 2.05. And the median was 3.23.

LCNB's Cyclically Adjusted PS Ratio is ranked worse than
53.04% of 1184 companies
in the Banks industry
Industry Median: 2.38 vs LCNB: 2.47

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.

LCNB's adjusted revenue per share data for the three months ended in Dec. 2023 was $1.401. 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 $6.16 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


LCNB Cyclically Adjusted PS Ratio Historical Data

The historical data trend for LCNB'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.

LCNB Cyclically Adjusted PS Ratio Chart

LCNB 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 3.67 2.78 3.48 3.01 2.56

LCNB Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.01 2.69 2.41 2.31 2.56

Competitive Comparison of LCNB's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, LCNB'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.


LCNB's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



LCNB 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.

LCNB's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.24/6.16
=2.47

* 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.

LCNB's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, LCNB's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.401/129.4194*129.4194
=1.401

Current CPI (Dec. 2023) = 129.4194.

LCNB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.109 99.695 1.440
201406 1.203 100.560 1.548
201409 1.203 100.428 1.550
201412 1.113 99.070 1.454
201503 1.236 99.621 1.606
201506 1.370 100.684 1.761
201509 1.188 100.392 1.532
201512 1.095 99.792 1.420
201603 1.242 100.470 1.600
201606 1.273 101.688 1.620
201609 1.259 101.861 1.600
201612 1.195 101.863 1.518
201703 1.217 102.862 1.531
201706 1.247 103.349 1.562
201709 1.248 104.136 1.551
201712 1.231 104.011 1.532
201803 1.247 105.290 1.533
201806 1.240 106.317 1.509
201809 1.177 106.507 1.430
201812 1.140 105.998 1.392
201903 1.182 107.251 1.426
201906 1.221 108.070 1.462
201909 1.274 108.329 1.522
201912 1.240 108.420 1.480
202003 1.363 108.902 1.620
202006 1.301 108.767 1.548
202009 1.343 109.815 1.583
202012 1.345 109.897 1.584
202103 1.352 111.754 1.566
202106 1.417 114.631 1.600
202109 1.407 115.734 1.573
202112 1.345 117.630 1.480
202203 1.452 121.301 1.549
202206 1.589 125.017 1.645
202209 1.632 125.227 1.687
202212 1.594 125.222 1.647
202303 1.509 127.348 1.534
202306 1.552 128.729 1.560
202309 1.493 129.860 1.488
202312 1.401 129.419 1.401

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.


LCNB  (NAS:LCNB) 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.


LCNB Cyclically Adjusted PS Ratio Related Terms

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


LCNB (LCNB) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2 North Broadway, P.O. Box 59, Lebanon, OH, USA, 45036
LCNB Corp operates within the financial sector in the United States. As the holding company of the National Bank, it conducts the business of providing commercial and personal banking services. Its suite of banking products includes commercial and industrial loans, consumer loans, safe deposit boxes, night depositories, cashier's checks, utility bill collections, and notary public service. Besides, it provides the avenue of United States Treasury notes, the United States agency notes, certificates of deposit and equity securities.
Executives
Takeitha W Lawson director 7313 ENGLISH GARDEN LANE, ANDERSON TOWNSHIP OH 45230
Anne E Krehbiel director 7709 CHUMANI LANE, CINCINNATI OH 45243
Craig Millis Johnson director 3436 WHITFIELD AVE, CINCINNATI OH 45220
Michael Robert Miller officer: Exec. Vice President 8368 SQUIRRELL RIDGE DR, CINCINNATI OH 45243
Eric J Meilstrup officer: EVP/Cashier 225 DICKENS COURT, LEBANON OH 45036
Mulligan Lawrence P Jr. officer: Executive Vice President 218 S MAIN ST, MIDDLETOWN OH 45044
Steve P Foster director, officer: Chief Executive Officer 1017 COUNTRY CREEK DR, LEBONON OH 45036
Mary E Bradford director 4962 THUNDER RD, CLEVES OH 45002
William H Kaufman director 1017 COUNTRY CREEK DR, LEBONON OH 45036
William G Huddle director 9394 DIN EIDYN DR, DUBLIN OH 43017
Stephen P Wilson director, officer: President & CEO
John F Smiley officer: Exec Vice President 7119 COVENTRY WOODS DRIVE, DUBLIN OH 43017
Michael J Johrendt director 434 TARPON BLVD, FRIPP ISLAND SC 29920
Bradley Austin Ruppert officer: Executive Vice President 180 LAKEVIEW DR, FRANKLIN OH 45005
Leroy F Mckay officer: Executive Vice President 257 MECHANIC STREET, LEBANON OH 45036

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