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East West Banking (PHS:EW) Cyclically Adjusted PS Ratio : 0.68 (As of Jun. 04, 2024)


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What is East West Banking Cyclically Adjusted PS Ratio?

As of today (2024-06-04), East West Banking's current share price is ₱9.07. East West Banking's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₱13.43. East West Banking's Cyclically Adjusted PS Ratio for today is 0.68.

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

PHS:EW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.49   Med: 0.72   Max: 1.21
Current: 0.68

During the past years, East West Banking's highest Cyclically Adjusted PS Ratio was 1.21. The lowest was 0.49. And the median was 0.72.

PHS:EW's Cyclically Adjusted PS Ratio is ranked better than
93.25% of 1185 companies
in the Banks industry
Industry Median: 2.38 vs PHS:EW: 0.68

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.

East West Banking's adjusted revenue per share data for the three months ended in Mar. 2024 was ₱4.457. 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 ₱13.43 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


East West Banking Cyclically Adjusted PS Ratio Historical Data

The historical data trend for East West 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.

East West Banking Cyclically Adjusted PS Ratio Chart

East West 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 - 1.11 0.88 0.55 0.65

East West Banking 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 0.57 0.54 0.73 0.65 0.68

Competitive Comparison of East West Banking's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, East West 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.


East West Banking's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where East West Banking's Cyclically Adjusted PS Ratio falls into.



East West 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.

East West Banking's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.07/13.43
=0.68

* 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.

East West Banking's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, East West Banking'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)
=4.457/131.7762*131.7762
=4.457

Current CPI (Mar. 2024) = 131.7762.

East West Banking Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.121 100.560 2.779
201409 2.014 100.428 2.643
201412 1.940 99.070 2.580
201503 2.383 99.621 3.152
201506 1.669 100.684 2.184
201509 1.748 100.392 2.294
201512 1.683 99.792 2.222
201603 2.277 100.470 2.986
201606 2.356 101.688 3.053
201609 2.359 101.861 3.052
201612 2.001 101.863 2.589
201703 4.031 102.862 5.164
201706 2.687 103.349 3.426
201709 2.806 104.136 3.551
201712 2.403 104.011 3.044
201803 2.598 105.290 3.252
201806 2.824 106.317 3.500
201809 2.078 106.507 2.571
201812 2.396 105.998 2.979
201903 2.943 107.251 3.616
201906 2.934 108.070 3.578
201909 3.435 108.329 4.178
201912 2.542 108.420 3.090
202003 4.255 108.902 5.149
202006 3.943 108.767 4.777
202009 3.659 109.815 4.391
202012 3.515 109.897 4.215
202103 3.478 111.754 4.101
202106 3.191 114.631 3.668
202109 3.048 115.734 3.470
202112 1.100 117.630 1.232
202203 2.580 121.301 2.803
202206 3.022 125.017 3.185
202209 3.425 125.227 3.604
202212 2.552 125.222 2.686
202303 3.469 127.348 3.590
202306 3.804 128.729 3.894
202309 4.095 129.860 4.155
202312 3.424 129.419 3.486
202403 4.457 131.776 4.457

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.


East West Banking  (PHS:EW) 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.


East West Banking Cyclically Adjusted PS Ratio Related Terms

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


East West Banking (PHS:EW) Business Description

Traded in Other Exchanges
N/A
Address
5th Avenue Corner, 23rd Street, The Beaufort, Fort Bonifacio Global City, Taguig, PHL, 1634
East West Banking Corporation is a commercial bank providing financial services in the Philippines. The bank generates all revenue domestically. The bank operates through four segments: The retail banking segment offers traditional branch banking products and services such as deposits, back-to-back/emerging market loans, and other over-the-counter (OTC) transactions, The corporate banking segment handles lending and trade financing for both large corporations and middle-market clients, The consumer banking segment caters to loans for individuals, and Treasury and Trust segment consists of Treasury and Trust operations of the Group. The company derives the majority of its revenue from the consumer banking segment.