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ForteBank JSC (XKAZ:ASBN) Cyclically Adjusted PS Ratio : 4.31 (As of Jun. 03, 2025)


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What is ForteBank JSC Cyclically Adjusted PS Ratio?

As of today (2025-06-03), ForteBank JSC's current share price is ₸7.54. ForteBank JSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was ₸1.75. ForteBank JSC's Cyclically Adjusted PS Ratio for today is 4.31.

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

XKAZ:ASBN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.09   Max: 4.52
Current: 4.31

During the past years, ForteBank JSC's highest Cyclically Adjusted PS Ratio was 4.52. The lowest was 0.06. And the median was 0.09.

XKAZ:ASBN's Cyclically Adjusted PS Ratio is ranked worse than
78.97% of 1246 companies
in the Banks industry
Industry Median: 2.72 vs XKAZ:ASBN: 4.31

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.

ForteBank JSC's adjusted revenue per share data for the three months ended in Dec. 2024 was ₸0.909. 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 ₸1.75 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ForteBank JSC Cyclically Adjusted PS Ratio Historical Data

The historical data trend for ForteBank JSC'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.

ForteBank JSC Cyclically Adjusted PS Ratio Chart

ForteBank JSC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.08 0.08 3.55

ForteBank JSC Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.08 0.14 0.12 3.14 3.55

Competitive Comparison of ForteBank JSC's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, ForteBank JSC'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.


ForteBank JSC's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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


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ForteBank JSC 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.

ForteBank JSC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7.54/1.75
=4.31

* 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.

ForteBank JSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, ForteBank JSC's adjusted Revenue per Share data for the three months ended in Dec. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.909/133.1571*133.1571
=0.909

Current CPI (Dec. 2024) = 133.1571.

ForteBank JSC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 0.107 99.621 0.143
201506 0.065 100.684 0.086
201509 0.327 100.392 0.434
201512 0.160 99.792 0.213
201603 0.143 100.470 0.190
201606 0.164 101.688 0.215
201609 0.146 101.861 0.191
201612 0.144 101.863 0.188
201703 0.134 102.862 0.173
201706 0.145 103.349 0.187
201709 0.163 104.136 0.208
201712 0.215 104.011 0.275
201803 0.156 105.290 0.197
201806 0.185 106.317 0.232
201809 0.205 106.507 0.256
201812 0.284 105.998 0.357
201903 0.227 107.251 0.282
201906 0.250 108.070 0.308
201909 0.465 108.329 0.572
201912 0.312 108.420 0.383
202003 0.547 108.902 0.669
202006 0.332 108.767 0.406
202009 0.397 109.815 0.481
202012 0.438 109.897 0.531
202103 0.357 111.754 0.425
202106 0.361 114.631 0.419
202109 0.404 115.734 0.465
202112 0.383 117.630 0.434
202203 0.465 121.301 0.510
202206 0.585 125.017 0.623
202209 0.580 125.227 0.617
202212 0.590 125.222 0.627
202303 0.617 127.348 0.645
202306 0.663 128.729 0.686
202309 0.697 129.860 0.715
202312 0.782 129.419 0.805
202403 0.712 131.776 0.719
202406 0.850 132.554 0.854
202409 0.895 133.029 0.896
202412 0.909 133.157 0.909

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.


ForteBank JSC  (XKAZ:ASBN) 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.


ForteBank JSC Cyclically Adjusted PS Ratio Related Terms

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


ForteBank JSC Business Description

Industry
Traded in Other Exchanges
N/A
Address
Dostyk Street, 8/1, Astana, KAZ, 010017
ForteBank JSC is a commercial bank based in Kazakhstan. It is a result of the merger of OJSC Semipalatinsk Municipal Joint Stock Bank and OJSC Irtyshbusinessbank. ForteBank's core services involve the provision of banking services to individuals and corporates. Its customers can also avail insurance coverage for deposits, depending upon a number of deposits. The group's primary business is related to commercial banking activities, granting of loans and guarantees, accepting deposits, exchanging foreign currencies, dealing with securities, transferring cash payments, as well as providing other banking services.

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