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NatWest Group (NatWest Group) Cyclically Adjusted PS Ratio : 2.02 (As of Jun. 11, 2024)


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What is NatWest Group Cyclically Adjusted PS Ratio?

As of today (2024-06-11), NatWest Group's current share price is $3.76. NatWest Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $1.86. NatWest Group's Cyclically Adjusted PS Ratio for today is 2.02.

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

RBSPF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.89   Max: 2.18
Current: 2.11

During the past years, NatWest Group's highest Cyclically Adjusted PS Ratio was 2.18. The lowest was 0.39. And the median was 0.89.

RBSPF's Cyclically Adjusted PS Ratio is ranked better than
56.63% of 1192 companies
in the Banks industry
Industry Median: 2.35 vs RBSPF: 2.11

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.

NatWest Group's adjusted revenue per share data for the three months ended in Mar. 2024 was $0.500. 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 $1.86 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


NatWest Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for NatWest Group'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.

NatWest Group Cyclically Adjusted PS Ratio Chart

NatWest Group 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 1.36 1.06 1.66 1.75 1.49

NatWest Group 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 1.75 1.66 1.64 1.49 1.81

Competitive Comparison of NatWest Group's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, NatWest Group'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.


NatWest Group's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



NatWest Group 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.

NatWest Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.76/1.86
=2.02

* 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.

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

For example, NatWest Group'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)
=0.5/131.6000*131.6000
=0.500

Current CPI (Mar. 2024) = 131.6000.

NatWest Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.611 99.800 0.806
201409 0.560 100.000 0.737
201412 0.421 99.900 0.555
201503 0.481 99.600 0.636
201506 0.528 100.100 0.694
201509 0.453 100.200 0.595
201512 0.395 100.400 0.518
201603 0.405 100.400 0.531
201606 0.354 101.000 0.461
201609 0.398 101.500 0.516
201612 0.390 102.200 0.502
201703 0.363 102.700 0.465
201706 0.395 103.500 0.502
201709 0.433 104.300 0.546
201712 0.368 105.000 0.461
201803 0.413 105.100 0.517
201806 0.400 105.900 0.497
201809 0.423 106.600 0.522
201812 0.345 107.100 0.424
201903 0.357 107.000 0.439
201906 0.460 107.900 0.561
201909 0.320 108.400 0.388
201912 0.493 108.500 0.598
202003 0.351 108.600 0.425
202006 0.298 108.800 0.360
202009 0.277 109.200 0.334
202012 0.303 109.400 0.364
202103 0.318 109.700 0.381
202106 0.333 111.400 0.393
202109 0.345 112.400 0.404
202112 0.317 114.700 0.364
202203 0.377 116.500 0.426
202206 0.408 120.500 0.446
202209 0.372 122.300 0.400
202212 0.488 125.300 0.513
202303 0.485 126.800 0.503
202306 0.520 129.400 0.529
202309 0.489 130.100 0.495
202312 0.509 130.500 0.513
202403 0.500 131.600 0.500

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.


NatWest Group  (OTCPK:RBSPF) 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.


NatWest Group Cyclically Adjusted PS Ratio Related Terms

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


NatWest Group (NatWest Group) Business Description

Traded in Other Exchanges
Address
Gogarburn, P.O. Box 1000, Edinburgh, GBR, EH12 1HQ
NatWest Group derives around 90% of its total income from the United Kingdom. The bank operates a retail, commercial, and private bank in the U.K., offering clients lending and payment services as well as asset management services.