SOMC (Southern Michigan Bancorp) Cyclically Adjusted PS Ratio: (As of Sep. 10, 2026)

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What is Southern Michigan Bancorp Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Southern Michigan Bancorp  (OTCPK:SOMC) 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.


Southern Michigan Bancorp Cyclically Adjusted PS Ratio Related Terms


Southern Michigan Bancorp Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for Southern Michigan Bancorp'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.

Southern Michigan Bancorp Cyclically Adjusted PS Ratio Chart

Southern Michigan Bancorp Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Cyclically Adjusted PS Ratio
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Southern Michigan Bancorp Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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 0.00 0.00 0.00 0.00 0.00

SOMC vs UBNC, EMCF, AMRB: Cyclically Adjusted PS Ratio Comparison

For the Banks - Regional subindustry, Southern Michigan Bancorp'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.


Southern Michigan Bancorp Cyclically Adjusted PS Ratio vs Banks Industry

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

* The bar in red indicates where Southern Michigan Bancorp's Cyclically Adjusted PS Ratio falls into.



Southern Michigan Bancorp 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.

Southern Michigan Bancorp's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2018 is calculated as:

For example, Southern Michigan Bancorp's adjusted Revenue per Share data for the three months ended in Dec. 2018 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2018 (Change)*Current CPI (Dec. 2018)
=1.657/251.2330*251.2330
=1.657

Current CPI (Dec. 2018) = 251.2330.

Southern Michigan Bancorp Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200903 1.218 212.709 1.439
200906 1.367 215.693 1.592
200909 1.276 215.969 1.484
200912 1.311 215.949 1.525
201003 1.226 217.631 1.415
201006 1.236 217.965 1.425
201009 1.293 218.439 1.487
201012 1.074 219.179 1.231
201103 1.169 223.467 1.314
201106 1.159 225.722 1.290
201109 1.195 226.889 1.323
201112 1.126 225.672 1.254
201203 1.217 229.392 1.333
201206 1.223 229.478 1.339
201209 1.291 231.407 1.402
201212 1.297 229.601 1.419
201303 1.253 232.773 1.352
201306 1.270 233.504 1.366
201309 1.304 234.149 1.399
201312 1.302 233.049 1.404
201403 1.247 236.293 1.326
201406 1.293 238.343 1.363
201409 1.321 238.031 1.394
201412 1.285 234.812 1.375
201503 1.258 236.119 1.339
201506 1.480 238.638 1.558
201509 1.373 237.945 1.450
201512 1.293 236.525 1.373
201603 1.414 238.132 1.492
201606 1.368 241.018 1.426
201609 1.400 241.428 1.457
201612 1.301 241.432 1.354
201703 1.406 243.801 1.449
201706 1.497 244.955 1.535
201709 1.597 246.819 1.626
201712 1.526 246.524 1.555
201803 1.629 249.554 1.640
201806 1.717 251.989 1.712
201809 1.737 252.439 1.729
201812 1.657 251.233 1.657

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.


Southern Michigan Bancorp Business Description

Address 51 West Pearl Street, Coldwater, MI, USA, 49036
Southern Michigan Bancorp Inc is a United States-based financial holding company. The majority of its operations are carried out by its banking subsidiary, which offers individuals, businesses, institutions, and government agencies a full range of commercial banking products and services. These products and services include time, savings, and demand deposits; safe deposit box services; automated teller machine services; loans, including both commercial and consumer; investment management; trustee services, etc. The Group mainly caters to the communities located in Michigan through its banking and loan production offices. It has one reportable operating segment: commercial banking.