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Banque Cantonale Vaudoise (XSWX:BCVN) Cyclically Adjusted PS Ratio : 7.67 (As of May. 17, 2024)


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What is Banque Cantonale Vaudoise Cyclically Adjusted PS Ratio?

As of today (2024-05-17), Banque Cantonale Vaudoise's current share price is CHF93.50. Banque Cantonale Vaudoise's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was CHF12.19. Banque Cantonale Vaudoise's Cyclically Adjusted PS Ratio for today is 7.67.

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

XSWX:BCVN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.06   Med: 6.63   Max: 9.19
Current: 7.9

During the past 13 years, Banque Cantonale Vaudoise's highest Cyclically Adjusted PS Ratio was 9.19. The lowest was 4.06. And the median was 6.63.

XSWX:BCVN's Cyclically Adjusted PS Ratio is ranked worse than
95.65% of 1195 companies
in the Banks industry
Industry Median: 2.43 vs XSWX:BCVN: 7.90

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.

Banque Cantonale Vaudoise's adjusted revenue per share data of for the fiscal year that ended in Dec23 was CHF13.392. 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 CHF12.19 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banque Cantonale Vaudoise Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Banque Cantonale Vaudoise'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.

Banque Cantonale Vaudoise Cyclically Adjusted PS Ratio Chart

Banque Cantonale Vaudoise 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 6.93 8.55 6.18 7.51 8.90

Banque Cantonale Vaudoise Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 6.18 - 7.51 - 8.90

Competitive Comparison of Banque Cantonale Vaudoise's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Banque Cantonale Vaudoise'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.


Banque Cantonale Vaudoise's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Banque Cantonale Vaudoise's Cyclically Adjusted PS Ratio falls into.



Banque Cantonale Vaudoise 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.

Banque Cantonale Vaudoise's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=93.50/12.19
=7.67

* 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.

Banque Cantonale Vaudoise's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Banque Cantonale Vaudoise's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=13.392/106.4612*106.4612
=13.392

Current CPI (Dec23) = 106.4612.

Banque Cantonale Vaudoise Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 11.353 100.704 12.002
201512 11.699 99.386 12.532
201612 11.168 99.380 11.964
201712 11.322 100.213 12.028
201812 11.262 100.906 11.882
201912 11.352 101.063 11.958
202012 11.067 100.241 11.754
202112 11.689 101.776 12.227
202212 11.978 104.666 12.183
202312 13.392 106.461 13.392

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.


Banque Cantonale Vaudoise  (XSWX:BCVN) 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.


Banque Cantonale Vaudoise Cyclically Adjusted PS Ratio Related Terms

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


Banque Cantonale Vaudoise (XSWX:BCVN) Business Description

Traded in Other Exchanges
Address
Place Saint-Francois 14, Lausanne, CHE, 1003
Banque Cantonale Vaudoise is a universal cantonal, or Swiss government-owned bank. The Canton of Vaud, where the bank primarily operates, is BCV's majority shareholder and holds over two-thirds of the bank's outstanding shares. The bank's core businesses include retail banking, private banking, corporate banking, and asset management and trading. BCV's strategy emphasizes its local presence, with a focus on niche banking activities in the region offering potential growth and profitability as well as customer service. BCV's customer loan portfolio is heavily exposed toward the real estate and construction industry, at just under half of the overall loan portfolio. A majority of the bank's net revenue is net interest income, but it also generates substantial net fee and commission income.

Banque Cantonale Vaudoise (XSWX:BCVN) Headlines

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