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Sumitomo Mitsui Financial Group (BSP:S1MF34) Cyclically Adjusted PS Ratio : 3.30 (As of Jun. 19, 2024)


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What is Sumitomo Mitsui Financial Group Cyclically Adjusted PS Ratio?

As of today (2024-06-19), Sumitomo Mitsui Financial Group's current share price is R$68.00. Sumitomo Mitsui Financial Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$20.59. Sumitomo Mitsui Financial Group's Cyclically Adjusted PS Ratio for today is 3.30.

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

BSP:S1MF34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.47   Max: 3.34
Current: 3.2

During the past years, Sumitomo Mitsui Financial Group's highest Cyclically Adjusted PS Ratio was 3.34. The lowest was 0.93. And the median was 1.47.

BSP:S1MF34's Cyclically Adjusted PS Ratio is ranked worse than
71.99% of 1196 companies
in the Banks industry
Industry Median: 2.325 vs BSP:S1MF34: 3.20

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.

Sumitomo Mitsui Financial Group's adjusted revenue per share data for the three months ended in Mar. 2024 was R$32.891. 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 R$20.59 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sumitomo Mitsui Financial Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Sumitomo Mitsui Financial 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.

* Premium members only.

Sumitomo Mitsui Financial Group Cyclically Adjusted PS Ratio Chart

Sumitomo Mitsui Financial Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 1.45 1.37 1.77 2.89

Sumitomo Mitsui Financial 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 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 1.77 2.05 2.39 2.26 2.89

Competitive Comparison of Sumitomo Mitsui Financial Group's Cyclically Adjusted PS Ratio

For the Banks - Diversified subindustry, Sumitomo Mitsui Financial 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.


Sumitomo Mitsui Financial Group's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Sumitomo Mitsui Financial Group's Cyclically Adjusted PS Ratio falls into.



Sumitomo Mitsui Financial Group 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.

Sumitomo Mitsui Financial Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=68.00/20.59
=3.30

* 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.

Sumitomo Mitsui Financial Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Sumitomo Mitsui Financial 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)
=32.891/107.2000*107.2000
=32.891

Current CPI (Mar. 2024) = 107.2000.

Sumitomo Mitsui Financial Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 15.908 98.000 17.401
201409 8.479 98.500 9.228
201412 25.773 97.900 28.221
201503 20.609 97.900 22.567
201506 20.208 98.400 22.015
201509 13.593 98.500 14.794
201512 34.371 98.100 37.559
201603 24.660 97.900 27.003
201606 24.432 98.100 26.698
201609 16.924 98.000 18.513
201612 30.724 98.400 33.472
201703 22.606 98.100 24.703
201706 23.596 98.500 25.680
201709 11.378 98.800 12.345
201712 38.231 99.400 41.231
201803 26.530 99.200 28.670
201806 27.004 99.200 29.182
201809 12.650 99.900 13.574
201812 43.962 99.700 47.269
201903 23.566 99.700 25.339
201906 19.576 99.800 21.028
201909 22.520 100.100 24.117
201912 21.093 100.500 22.499
202003 25.037 100.300 26.759
202006 25.843 99.900 27.731
202009 29.840 99.900 32.021
202012 27.904 99.300 30.124
202103 28.155 99.900 30.212
202106 26.460 99.500 28.508
202109 29.587 100.100 31.686
202112 31.321 100.100 33.543
202203 28.075 101.100 29.769
202206 26.006 101.800 27.385
202209 27.533 103.100 28.628
202212 25.228 104.100 25.979
202303 26.539 104.400 27.251
202306 25.961 105.200 26.455
202309 26.325 106.200 26.573
202312 27.333 106.800 27.435
202403 32.891 107.200 32.891

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.


Sumitomo Mitsui Financial Group  (BSP:S1MF34) 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.


Sumitomo Mitsui Financial Group Cyclically Adjusted PS Ratio Related Terms

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


Sumitomo Mitsui Financial Group (BSP:S1MF34) Business Description

Address
1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005
Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, its market share of domestic loans was 7.1%, compared with 8.1% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third-largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management.

Sumitomo Mitsui Financial Group (BSP:S1MF34) Headlines

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