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Oversea-Chinese Banking (FRA:OCBA) Cyclically Adjusted PS Ratio : 5.19 (As of May. 08, 2024)


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What is Oversea-Chinese Banking Cyclically Adjusted PS Ratio?

As of today (2024-05-08), Oversea-Chinese Banking's current share price is €9.71. Oversea-Chinese Banking's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €1.87. Oversea-Chinese Banking's Cyclically Adjusted PS Ratio for today is 5.19.

The historical rank and industry rank for Oversea-Chinese Banking's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:OCBA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.71   Med: 4.9   Max: 6.67
Current: 5.19

During the past years, Oversea-Chinese Banking's highest Cyclically Adjusted PS Ratio was 6.67. The lowest was 3.71. And the median was 4.90.

FRA:OCBA's Cyclically Adjusted PS Ratio is ranked worse than
87.75% of 1192 companies
in the Banks industry
Industry Median: 2.415 vs FRA:OCBA: 5.19

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.

Oversea-Chinese Banking's adjusted revenue per share data for the three months ended in Dec. 2023 was €0.490. 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 €1.87 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Oversea-Chinese Banking Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Oversea-Chinese Banking'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.

Oversea-Chinese Banking Cyclically Adjusted PS Ratio Chart

Oversea-Chinese Banking 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 4.97 4.49 4.61 4.69 4.73

Oversea-Chinese Banking Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.69 4.65 4.53 4.66 4.73

Competitive Comparison of Oversea-Chinese Banking's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Oversea-Chinese Banking'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.


Oversea-Chinese Banking's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Oversea-Chinese Banking's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Oversea-Chinese Banking's Cyclically Adjusted PS Ratio falls into.



Oversea-Chinese Banking 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.

Oversea-Chinese Banking's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.71/1.87
=5.19

* 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.

Oversea-Chinese Banking's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Oversea-Chinese Banking'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)
=0.49/129.4194*129.4194
=0.490

Current CPI (Dec. 2023) = 129.4194.

Oversea-Chinese Banking Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.299 99.695 0.388
201406 0.318 100.560 0.409
201409 0.417 100.428 0.537
201412 0.306 99.070 0.400
201503 0.354 99.621 0.460
201506 0.357 100.684 0.459
201509 0.322 100.392 0.415
201512 0.346 99.792 0.449
201603 0.321 100.470 0.413
201606 0.321 101.688 0.409
201609 0.334 101.861 0.424
201612 0.323 101.863 0.410
201703 0.329 102.862 0.414
201706 0.351 103.349 0.440
201709 0.352 104.136 0.437
201712 0.383 104.011 0.477
201803 0.337 105.290 0.414
201806 0.372 106.317 0.453
201809 0.376 106.507 0.457
201812 0.352 105.998 0.430
201903 0.413 107.251 0.498
201906 0.394 108.070 0.472
201909 0.374 108.329 0.447
201912 0.441 108.420 0.526
202003 0.362 108.902 0.430
202006 0.339 108.767 0.403
202009 0.353 109.815 0.416
202012 0.343 109.897 0.404
202103 0.408 111.754 0.472
202106 0.350 114.631 0.395
202109 0.359 115.734 0.401
202112 0.353 117.630 0.388
202203 0.393 121.301 0.419
202206 0.385 125.017 0.399
202209 0.482 125.227 0.498
202212 0.456 125.222 0.471
202303 0.519 127.348 0.527
202306 0.524 128.729 0.527
202309 0.524 129.860 0.522
202312 0.490 129.419 0.490

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.


Oversea-Chinese Banking  (FRA:OCBA) 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.


Oversea-Chinese Banking Cyclically Adjusted PS Ratio Related Terms

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


Oversea-Chinese Banking (FRA:OCBA) Business Description

Traded in Other Exchanges
Address
63 Chulia Street, No. 10-00 OCBC Centre East, Singapore, SGP, 049514
Oversea-Chinese Banking, or OCBC, is the longest-established Singapore bank, founded by the merger of three local banks in 1932. The group's operations include consumer banking; wealth management and private banking (offering through its Bank of Singapore subsidiary); small to midsize enterprise and business banking; corporate and institutional banking; and insurance through majority owned Great Eastern.

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