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Bancroft Fund (Bancroft Fund) Cyclically Adjusted Revenue per Share : $3.63 (As of Oct. 2022)


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What is Bancroft Fund 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.

Bancroft Fund's adjusted revenue per share data for the fiscal year that ended in Oct. 2021 was $8.261. 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 $3.63 for the trailing ten years ended in Oct. 2021.

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.

As of today (2024-04-28), Bancroft Fund's current stock price is $ 15.05. Bancroft Fund's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Oct. 2021 was $3.63. Bancroft Fund's Cyclically Adjusted PS Ratio of today is 4.15.


Bancroft Fund Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Bancroft Fund'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.

Bancroft Fund Cyclically Adjusted Revenue per Share Chart

Bancroft Fund Annual Data
Trend Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 2.46 2.67 3.63

Bancroft Fund Semi-Annual Data
Apr13 Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22
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 2.67 - 3.63 - 2.94

Competitive Comparison of Bancroft Fund's Cyclically Adjusted Revenue per Share

For the Asset Management subindustry, Bancroft Fund'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.


Bancroft Fund's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bancroft Fund's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Bancroft Fund 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, Bancroft Fund's adjusted Revenue per Share data for the fiscal year that ended in Oct. 2021 was:

Adj_RevenuePerShare=Revenue per Share /CPI of Oct. 2021 (Change)*Current CPI (Oct. 2021)
=8.261/116.6958*116.6958
=8.261

Current CPI (Oct. 2021) = 116.6958.

Bancroft Fund Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201210 1.310 97.595 1.566
201310 3.641 98.536 4.312
201410 2.009 100.176 2.340
201510 0.481 100.346 0.559
201610 1.096 101.988 1.254
201710 4.275 104.070 4.794
201810 1.859 106.695 2.033
201910 4.934 108.577 5.303
202010 5.505 109.861 5.848
202110 8.261 116.696 8.261

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


Bancroft Fund  (AMEX:BCV) 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.

Bancroft Fund's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=15.05/3.63
=4.15

* 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.


Be Aware

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


Bancroft Fund Cyclically Adjusted Revenue per Share Related Terms

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


Bancroft Fund (Bancroft Fund) Business Description

Industry
Traded in Other Exchanges
Address
One Corporate Center, Rye, New York, NY, USA, 10580-1422
Bancroft Fund Ltd is a diversified closed-end management company. It operates as a closed-ended equity mutual fund. The funds' main objective is to provide income and potential for capital appreciation. With the intent to achieve its objective, the company invests in convertible and equity securities. It invests across different industries such as Computer Software and Services, Energy and Utilities, Health Care among others.
Executives
Mario J Gabelli director, other: Control Person of Adviser 191 MASON STREET, GREENWICH CT 06830
Anthonie C Vanekris director ONE CORPORATE CENTER, RYE NY 10580
Peter D. Goldstein officer: Secretary 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
Kinchen C Bizzell director C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, SUITE 550, MORRISTOWN NJ 07960
Kuni Nakamura director 1 MARTIN BUTLER COURT, RYE NY 10580
John Chester Ball officer: Treasurer 800 CONNECTICUT AVENUE, NORWALK CT 06854
Jane D Okeeffe director, officer: President C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVE, MORRISTOWN NJ 07960
James P Conn director
Mercedes A Pierre other: former Vice President and CCO C/O DINSMORE CAPITAL MANAGEMENT, 65 MADISON AVE, MORRISTOWN NJ 07960
Michael J Melarkey director ONE CORPORATE CENTER, RYE NY 10580
Agnes Mullady officer: Treasurer ONE CORPORATE CENTER, RYE NY 10580
Fahrenkopf Frank J Jr director ONE CORPORATE CENTER, RYE NY 10580
James Andrew Dinsmore officer: Vice President C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, SUITE 550, MORRISTOWN NJ 07960
Germaine M Ortiz officer: Vice President C/O DINSMORE CAPITAL MANAGEMENT, 65 MADISON AVE, MORRISTOWN NJ 07960
Peter M Finnican other: Adviser's Marketing Director C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, SUITE 550, MORRISTOWN NJ 07960

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