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United Bankshares (United Bankshares) Cyclically Adjusted PS Ratio : 3.89 (As of Apr. 28, 2024)


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What is United Bankshares Cyclically Adjusted PS Ratio?

As of today (2024-04-28), United Bankshares's current share price is $33.35. United Bankshares's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $8.57. United Bankshares's Cyclically Adjusted PS Ratio for today is 3.89.

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

UBSI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.83   Med: 4.71   Max: 6.72
Current: 3.89

During the past years, United Bankshares's highest Cyclically Adjusted PS Ratio was 6.72. The lowest was 2.83. And the median was 4.71.

UBSI's Cyclically Adjusted PS Ratio is ranked worse than
78.55% of 1184 companies
in the Banks industry
Industry Median: 2.38 vs UBSI: 3.89

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.

United Bankshares's adjusted revenue per share data for the three months ended in Dec. 2023 was $1.943. 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 $8.57 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Bankshares Cyclically Adjusted PS Ratio Historical Data

The historical data trend for United Bankshares'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.

United Bankshares Cyclically Adjusted PS Ratio Chart

United Bankshares 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 5.28 4.34 4.55 4.83 4.38

United Bankshares 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 4.83 4.14 3.46 3.20 4.38

Competitive Comparison of United Bankshares's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, United Bankshares'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.


United Bankshares's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



United Bankshares 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.

United Bankshares's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=33.35/8.57
=3.89

* 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.

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

For example, United Bankshares'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)
=1.943/129.4194*129.4194
=1.943

Current CPI (Dec. 2023) = 129.4194.

United Bankshares Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.633 99.695 2.120
201406 1.628 100.560 2.095
201409 1.613 100.428 2.079
201412 1.724 99.070 2.252
201503 1.621 99.621 2.106
201506 1.653 100.684 2.125
201509 1.632 100.392 2.104
201512 1.647 99.792 2.136
201603 1.640 100.470 2.113
201606 1.675 101.688 2.132
201609 1.691 101.861 2.148
201612 1.674 101.863 2.127
201703 1.566 102.862 1.970
201706 1.770 103.349 2.216
201709 1.790 104.136 2.225
201712 1.779 104.011 2.214
201803 1.662 105.290 2.043
201806 1.759 106.317 2.141
201809 1.732 106.507 2.105
201812 1.677 105.998 2.048
201903 1.712 107.251 2.066
201906 1.860 108.070 2.227
201909 1.805 108.329 2.156
201912 1.753 108.420 2.093
202003 1.753 108.902 2.083
202006 2.136 108.767 2.542
202009 2.434 109.815 2.869
202012 2.163 109.897 2.547
202103 2.172 111.754 2.515
202106 1.902 114.631 2.147
202109 1.912 115.734 2.138
202112 1.790 117.630 1.969
202203 1.726 121.301 1.842
202206 1.903 125.017 1.970
202209 2.013 125.227 2.080
202212 2.055 125.222 2.124
202303 1.963 127.348 1.995
202306 1.931 128.729 1.941
202309 1.931 129.860 1.924
202312 1.943 129.419 1.943

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.


United Bankshares  (NAS:UBSI) 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.


United Bankshares Cyclically Adjusted PS Ratio Related Terms

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


United Bankshares (United Bankshares) Business Description

Traded in Other Exchanges
Address
500 Virginia Street, 300 United Center, East Charleston, Charleston, WV, USA, 25301
United Bankshares Inc is a financial holding company that provides banking services. The company operates in two segments: Community banking, which accepts deposits, makes loans (for personal, credit card, commercial, and construction uses), provides brokerage services, safe deposit boxes, and related services; and Mortgage banking, which offers and acquires home mortgages through an indirectly owned subsidiary. Nearly all revenue comes from the community banking segment.
Executives
Peter A Converse director 1201 NORTH NASH ST #502, ARLINGTON VA 22209
Gary G White director 514 MARKET STREET, PARKERSBURG WV 26101
Kayes Henry M Jr officer: EVP 122 NORTH ROSEMONT, MARTINSBURG WV 25401
Rice Lacy I Iii director 514 MARKET ST, PARKERSBURG WV 26101
Diana Lewis Jackson director 514 MARKET ST, PARKERSBURG WV 26101
Michael P Fitzgerald director C/O UNITED BANKSHARES, INC., 514 MARKET ST, PARKERSBURG WV 26101
J Paul Mcnamara director 514 MARKET STREET, PARKERSBURG WV 26101
Adams Richard M Sr director, officer: Chairman of the Board & CEO 514 MARKET STREET, PARKERSBURG WV 26101
Matthew L Humphrey officer: Executive Vice President 514 MARKET ST., PARKERSBURG WV 26101
Chad J Mildren officer: Executive Vice President 514 MARKET ST., PARKERSBURG WV 26101
Michael Proctor officer: Executive Vice President 514 MARKET ST., PARKERSBURG WV 26101
Ami L Shaver officer: Executive Vice President 514 MARKET ST., PARKERSBURG WV 26101
Anna J Schultheis officer: Executive Vice President 514 MARKET ST, PARKERSBURG WV 26101
Julie R Gurtis officer: Executive Vice President 514 MARKET ST., PARKERSBURG WV 26101
Ross M Draber officer: Executive Vice President 514 MARKET ST., PARKERSBURG WV 26101

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