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The historical data trend for Mackinac Financial'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.
Mackinac Financial Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Cyclically Adjusted PS Ratio | Get a 7-Day Free Trial | - | - | - | - | - |
Mackinac Financial Quarterly Data | ||||||||||||||||||||
Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | |
Cyclically Adjusted PS Ratio | Get a 7-Day Free Trial | - | - | - | - | - |
For the Banks - Regional subindustry, Mackinac Financial'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.
For the Banks industry and Financial Services sector, Mackinac Financial's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Mackinac Financial's Cyclically Adjusted PS Ratio falls into.
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.
Mackinac Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2021 is calculated as:
For example, Mackinac Financial's adjusted Revenue per Share data for the three months ended in Jun. 2021 was:
Adj_RevenuePerShare | = | Revenue per Share | / | CPI of Jun. 2021 (Change) | * | Current CPI (Jun. 2021) |
= | 1.438 | / | 114.6314 | * | 114.6314 | |
= | 1.438 |
Current CPI (Jun. 2021) = 114.6314.
Mackinac Financial Quarterly Data
Revenue per Share | CPI | Adj_RevenuePerShare | |
201109 | 1.628 | 95.727 | 1.950 |
201112 | 1.286 | 95.213 | 1.548 |
201203 | 1.483 | 96.783 | 1.756 |
201206 | 1.691 | 96.819 | 2.002 |
201209 | 1.211 | 97.633 | 1.422 |
201212 | 1.058 | 96.871 | 1.252 |
201303 | 1.051 | 98.209 | 1.227 |
201306 | 1.165 | 98.518 | 1.356 |
201309 | 1.084 | 98.790 | 1.258 |
201312 | 1.076 | 98.326 | 1.254 |
201403 | 1.118 | 99.695 | 1.286 |
201406 | 1.108 | 100.560 | 1.263 |
201409 | 1.160 | 100.428 | 1.324 |
201412 | 1.205 | 99.070 | 1.394 |
201503 | 1.277 | 99.621 | 1.469 |
201506 | 1.308 | 100.684 | 1.489 |
201509 | 1.254 | 100.392 | 1.432 |
201512 | 1.271 | 99.792 | 1.460 |
201603 | 1.250 | 100.470 | 1.426 |
201606 | 1.397 | 101.688 | 1.575 |
201609 | 1.603 | 101.861 | 1.804 |
201612 | 1.524 | 101.863 | 1.715 |
201703 | 1.555 | 102.862 | 1.733 |
201706 | 1.579 | 103.349 | 1.751 |
201709 | 1.703 | 104.136 | 1.875 |
201712 | 1.598 | 104.011 | 1.761 |
201803 | 1.548 | 105.290 | 1.685 |
201806 | 1.476 | 106.317 | 1.591 |
201809 | 1.334 | 106.507 | 1.436 |
201812 | 1.354 | 105.998 | 1.464 |
201903 | 1.322 | 107.251 | 1.413 |
201906 | 1.389 | 108.070 | 1.473 |
201909 | 1.385 | 108.329 | 1.466 |
201912 | 1.327 | 108.420 | 1.403 |
202003 | 1.383 | 108.902 | 1.456 |
202006 | 1.559 | 108.767 | 1.643 |
202009 | 1.496 | 109.815 | 1.562 |
202012 | 1.510 | 109.897 | 1.575 |
202103 | 1.494 | 111.754 | 1.532 |
202106 | 1.438 | 114.631 | 1.438 |
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.
Mackinac Financial (NAS:MFNC) 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.
Thank you for viewing the detailed overview of Mackinac Financial's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Paul Davison Tobias | director, officer: Chief Executive Officer | 38710 WOODWARD AVENUE, SUITE 240, BLOOMFIELD HILLS MI 48304 |
Jesse A Deering | officer: EVP and CFO | 260 EAST BROWN ST. SUITE 300 BIRMINGHAM MI 48009 |
Kelly W George | director, officer: President | 130 SOUTH CEDAR STREET MANISTIQUE MI 49854 |
Martin A Thomson | director | |
Randolph Clare Paschke | director | 5700 CASS AVENUE DETROIT MI 48202 |
Walter J Aspatore | director | 255 E BROWN STREET, SUITE 120, BIRMINGHAM MI 48009 |
Dennis Bittner | director | 113 S 10TH ST ESCANADA MI 49829 |
Steinhardt Capital Management, Llc | 10 percent owner | 650 MADISON AVENUE, 17TH FLOOR NEW YORK NY 10022 |
David Russ Steinhardt | director, 10 percent owner | 650 MADISON AVENUE, 17TH FLOOR NEW YORK NY 10022 |
Steinhardt Capital Investors, Lllp | 10 percent owner | 650 MADISON AVENUE, 17TH FLOOR NEW YORK NY 10022 |
Mahaney Robert Edward Ii | director | 989 WEST WASHINGTON STREET SUITE 102 MARQUETTE MI 49855 |
Joseph D Garea | director | 469 NORTH HANLEY ROAD ST. LOUIS MO 63013 |
Robert Harris Orley | director | 25251 RIVER DRIVE FRANKLIN MI 48025 |
Lewis Brooks Patterson | director | 130 SOUTH CEDAR STREET MANISTIQUE MI 49854 |
Ernie R Krueger | officer: Executive VP and CFO | 130 SOUTH CEDAR STREET MANISTIQUE MI 49854 |
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