BAYN (Bay National) Cyclically Adjusted PS Ratio: (As of Sep. 06, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Bay National Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bay National  (OTCPK:BAYN) 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.


Bay National Cyclically Adjusted PS Ratio Related Terms


Bay National Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bay National'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.

Bay National Cyclically Adjusted PS Ratio Chart

Bay National Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Bay National Quarterly Data
Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10
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 0.00 0.00 0.00 0.00 0.00

BAYN vs OPHC, CCSB, TCNB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Bay National'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.


Bay National Cyclically Adjusted PS Ratio vs Banks Industry

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

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



Bay National 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.

Bay National's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2010 is calculated as:

For example, Bay National's adjusted Revenue per Share data for the three months ended in Mar. 2010 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2010 (Change)*Current CPI (Mar. 2010)
=0.77/217.6310*217.6310
=0.770

Current CPI (Mar. 2010) = 217.6310.

Bay National Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200006 0.000 172.400 0.000
200009 0.019 173.700 0.024
200012 0.049 174.000 0.061
200103 0.047 176.200 0.058
200106 0.157 178.000 0.192
200109 0.282 178.300 0.344
200112 0.296 176.700 0.365
200203 0.375 178.800 0.456
200206 0.474 179.900 0.573
200209 0.586 181.000 0.705
200212 0.643 180.900 0.774
200303 0.630 184.200 0.744
200306 0.600 183.700 0.711
200309 0.529 185.200 0.622
200312 0.535 184.300 0.632
200403 0.557 187.400 0.647
200406 0.622 189.700 0.714
200409 0.695 189.900 0.796
200412 0.795 190.300 0.909
200503 0.837 193.300 0.942
200506 0.946 194.500 1.059
200509 1.200 198.800 1.314
200512 1.279 196.800 1.414
200603 1.286 199.800 1.401
200606 0.000 202.900 0.000
200609 1.497 202.900 1.606
200612 -5.846 201.800 -6.305
200703 1.509 205.352 1.599
200706 1.464 208.352 1.529
200709 1.386 208.490 1.447
200712 1.318 210.036 1.366
200803 1.259 213.528 1.283
200806 1.148 218.815 1.142
200809 1.027 218.783 1.022
200812 0.923 210.228 0.956
200903 0.785 212.709 0.803
200906 0.785 215.693 0.792
200909 0.776 215.969 0.782
200912 0.740 215.949 0.746
201003 0.770 217.631 0.770

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.


Bay National Business Description

Address 2328 West Joppa Road, Lutherville, MD, USA, 21093
Bay National Corp is a bank holding company, which through National Bank, offers a complete range of commercial, private, cash management, retail, and residential mortgage banking services.