GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Interstate BancSystem Inc (FRA:4FB) » Definitions » Cyclically Adjusted PS Ratio

First Interstate BancSystem (FRA:4FB) Cyclically Adjusted PS Ratio : 2.36 (As of May. 23, 2024)


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

What is First Interstate BancSystem Cyclically Adjusted PS Ratio?

As of today (2024-05-23), First Interstate BancSystem's current share price is €25.20. First Interstate BancSystem's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €10.70. First Interstate BancSystem's Cyclically Adjusted PS Ratio for today is 2.36.

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

FRA:4FB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.94   Med: 3.43   Max: 5.29
Current: 2.41

During the past years, First Interstate BancSystem's highest Cyclically Adjusted PS Ratio was 5.29. The lowest was 1.94. And the median was 3.43.

FRA:4FB's Cyclically Adjusted PS Ratio is ranked better than
50.29% of 1191 companies
in the Banks industry
Industry Median: 2.4 vs FRA:4FB: 2.41

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.

First Interstate BancSystem's adjusted revenue per share data for the three months ended in Mar. 2024 was €2.163. 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 €10.70 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Interstate BancSystem Cyclically Adjusted PS Ratio Historical Data

The historical data trend for First Interstate BancSystem'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.

First Interstate BancSystem Cyclically Adjusted PS Ratio Chart

First Interstate BancSystem 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 4.42 4.24 3.93 3.50 2.71

First Interstate BancSystem 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 2.67 2.11 2.19 2.71 2.36

Competitive Comparison of First Interstate BancSystem's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, First Interstate BancSystem'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.


First Interstate BancSystem's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where First Interstate BancSystem's Cyclically Adjusted PS Ratio falls into.



First Interstate BancSystem 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.

First Interstate BancSystem's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=25.20/10.7
=2.36

* 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.

First Interstate BancSystem's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, First Interstate BancSystem'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)
=2.163/131.7762*131.7762
=2.163

Current CPI (Mar. 2024) = 131.7762.

First Interstate BancSystem Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.425 100.560 1.867
201409 1.612 100.428 2.115
201412 1.709 99.070 2.273
201503 1.857 99.621 2.456
201506 1.896 100.684 2.482
201509 1.906 100.392 2.502
201512 2.000 99.792 2.641
201603 1.923 100.470 2.522
201606 2.011 101.688 2.606
201609 2.103 101.861 2.721
201612 2.276 101.863 2.944
201703 2.025 102.862 2.594
201706 2.157 103.349 2.750
201709 2.064 104.136 2.612
201712 2.024 104.011 2.564
201803 1.933 105.290 2.419
201806 2.135 106.317 2.646
201809 2.137 106.507 2.644
201812 2.147 105.998 2.669
201903 2.179 107.251 2.677
201906 2.228 108.070 2.717
201909 2.285 108.329 2.780
201912 2.257 108.420 2.743
202003 2.251 108.902 2.724
202006 2.248 108.767 2.724
202009 2.229 109.815 2.675
202012 2.151 109.897 2.579
202103 2.161 111.754 2.548
202106 2.072 114.631 2.382
202109 2.293 115.734 2.611
202112 2.281 117.630 2.555
202203 2.222 121.301 2.414
202206 2.504 125.017 2.639
202209 2.745 125.227 2.889
202212 2.709 125.222 2.851
202303 2.297 127.348 2.377
202306 2.334 128.729 2.389
202309 2.308 129.860 2.342
202312 2.232 129.419 2.273
202403 2.163 131.776 2.163

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.


First Interstate BancSystem  (FRA:4FB) 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.


First Interstate BancSystem Cyclically Adjusted PS Ratio Related Terms

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


First Interstate BancSystem (FRA:4FB) Business Description

Traded in Other Exchanges
Address
401 North 31st Street, Billings, MT, USA, 59101
First Interstate BancSystem Inc is a financial holding company. It is the parent company of First Interstate Bank, a community bank offering a range of internet, mobile, and other banking and financial services throughout Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. It delivers a range of financial products and services to both retail and commercial customers in industries like agriculture, construction, education, energy, governmental services, healthcare, mining, professional services, retail, tourism, and wholesale trade. It generates a majority of income from interest charged on loans, and interest and dividends earned on investments.

First Interstate BancSystem (FRA:4FB) Headlines

No Headlines