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Merchants Bancorp (FRA:3KD) Cyclically Adjusted PS Ratio : 3.79 (As of Jun. 02, 2025)


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What is Merchants Bancorp Cyclically Adjusted PS Ratio?

As of today (2025-06-02), Merchants Bancorp's current share price is €28.20. Merchants Bancorp's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec24 was €7.45. Merchants Bancorp's Cyclically Adjusted PS Ratio for today is 3.79.

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

FRA:3KD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.08   Med: 4.93   Max: 5.5
Current: 4.08

During the past 10 years, Merchants Bancorp's highest Cyclically Adjusted PS Ratio was 5.50. The lowest was 4.08. And the median was 4.93.

FRA:3KD's Cyclically Adjusted PS Ratio is ranked worse than
76.32% of 1246 companies
in the Banks industry
Industry Median: 2.72 vs FRA:3KD: 4.08

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.

Merchants Bancorp's adjusted revenue per share data of for the fiscal year that ended in Dec24 was €14.153. 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 €7.45 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Merchants Bancorp Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Merchants Bancorp'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.

Merchants Bancorp Cyclically Adjusted PS Ratio Chart

Merchants Bancorp Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 4.65

Merchants Bancorp Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 - - - 4.65 -

Competitive Comparison of Merchants Bancorp's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Merchants Bancorp'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.


Merchants Bancorp's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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


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Merchants Bancorp 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.

Merchants Bancorp's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=28.20/7.45
=3.79

* 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.

Merchants Bancorp's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Merchants Bancorp's adjusted Revenue per Share data for the fiscal year that ended in Dec24 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=14.153/133.1571*133.1571
=14.153

Current CPI (Dec24) = 133.1571.

Merchants Bancorp Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201512 1.922 99.792 2.565
201612 2.341 101.863 3.060
201712 2.750 104.011 3.521
201812 2.753 105.998 3.458
201912 3.441 108.420 4.226
202012 6.523 109.897 7.904
202112 8.736 117.630 9.889
202212 9.584 125.222 10.191
202312 11.833 129.419 12.175
202412 14.153 133.157 14.153

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.


Merchants Bancorp  (FRA:3KD) 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.


Merchants Bancorp Cyclically Adjusted PS Ratio Related Terms

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


Merchants Bancorp Business Description

Industry
Traded in Other Exchanges
Address
410 Monon Boulevard, Carmel, IN, USA, 46032
Merchants Bancorp is a United States based bank holding company. It operates multiple lines of business focusing on FHA (Federal Housing Administration) multi-family housing and healthcare facility financing and servicing, retail and correspondent residential mortgage banking, and traditional community banking. The business segments of the company are: Multi-family Mortgage Banking which originates and services government-sponsored mortgages for multi-family and healthcare facilities; Mortgage Warehousing segment which funds agency-eligible residential loans as well as commercial loans to nondepository financial institutions; and the Banking segment, which generates maximum revenue, and provides various financial products and services to consumers and businesses.

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