GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » UniCredit SpA (CHIX:UCGm) » Definitions » Cyclically Adjusted PS Ratio

UniCredit SpA (CHIX:UCGM) Cyclically Adjusted PS Ratio : 2.60 (As of May. 14, 2024)


View and export this data going back to 2008. Start your Free Trial

What is UniCredit SpA Cyclically Adjusted PS Ratio?

As of today (2024-05-14), UniCredit SpA's current share price is €35.9475. UniCredit SpA's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €13.82. UniCredit SpA's Cyclically Adjusted PS Ratio for today is 2.60.

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

CHIX:UCGm' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.57   Max: 2.61
Current: 2.61

During the past years, UniCredit SpA's highest Cyclically Adjusted PS Ratio was 2.61. The lowest was 0.28. And the median was 0.57.

CHIX:UCGm's Cyclically Adjusted PS Ratio is ranked worse than
56.16% of 1193 companies
in the Banks industry
Industry Median: 2.42 vs CHIX:UCGm: 2.61

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.

UniCredit SpA's adjusted revenue per share data for the three months ended in Dec. 2023 was €3.413. 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 €13.82 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


UniCredit SpA Cyclically Adjusted PS Ratio Historical Data

The historical data trend for UniCredit SpA'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.

UniCredit SpA Cyclically Adjusted PS Ratio Chart

UniCredit SpA 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 0.56 0.41 0.91 0.88 1.78

UniCredit SpA 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 1.18 1.47 1.59 1.78 -

Competitive Comparison of UniCredit SpA's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, UniCredit SpA'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.


UniCredit SpA's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



UniCredit SpA 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.

UniCredit SpA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=35.9475/13.82
=2.60

* 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.

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

For example, UniCredit SpA'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)
=3.413/119.5000*119.5000
=3.413

Current CPI (Dec. 2023) = 119.5000.

UniCredit SpA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 5.138 99.907 6.146
201406 5.123 100.093 6.116
201409 4.959 99.814 5.937
201412 4.980 99.721 5.968
201503 5.067 99.814 6.066
201506 5.001 100.279 5.960
201509 4.659 100.000 5.568
201512 1.890 99.814 2.263
201603 4.056 99.600 4.866
201606 4.708 99.900 5.632
201609 4.068 100.100 4.856
201612 3.117 100.300 3.714
201703 4.339 101.000 5.134
201706 2.320 101.100 2.742
201709 2.195 101.200 2.592
201712 1.878 101.200 2.218
201803 2.372 101.800 2.784
201806 2.393 102.400 2.793
201809 1.849 102.600 2.154
201812 2.768 102.300 3.233
201903 2.242 102.800 2.606
201906 2.199 103.100 2.549
201909 2.187 102.900 2.540
201912 2.601 102.800 3.024
202003 1.393 102.900 1.618
202006 2.837 102.900 3.295
202009 1.882 102.300 2.198
202012 1.951 102.600 2.272
202103 1.998 103.700 2.302
202106 2.255 104.200 2.586
202109 1.961 104.900 2.234
202112 1.196 106.600 1.341
202203 2.276 110.400 2.464
202206 2.180 112.500 2.316
202209 2.430 114.200 2.543
202212 2.862 119.000 2.874
202303 3.041 118.800 3.059
202306 3.014 119.700 3.009
202309 3.181 120.300 3.160
202312 3.413 119.500 3.413

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.


UniCredit SpA  (CHIX:UCGm) 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.


UniCredit SpA Cyclically Adjusted PS Ratio Related Terms

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


UniCredit SpA (CHIX:UCGM) Business Description

Industry
Address
Piazza Gae Aulenti 3, Tower A, Milano, ITA, 20154
UniCredit is one of the two largest Italian retail and commercial banks, but roughly half of its operations are outside Italy. It has a strong presence in Germany, Austria, and Central and Eastern Europe. It generates most of its revenue from retail banking, but also maintains a sizable corporate and investment bank.

UniCredit SpA (CHIX:UCGM) Headlines

No Headlines