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Maybank Securities (Thailand) PCL (BKK:MST) Cyclically Adjusted Revenue per Share : ฿5.65 (As of Mar. 2024)


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What is Maybank Securities (Thailand) PCL Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Maybank Securities (Thailand) PCL's adjusted revenue per share for the three months ended in Mar. 2024 was ฿0.981. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ฿5.65 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Maybank Securities (Thailand) PCL's average Cyclically Adjusted Revenue Growth Rate was -1.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 1.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Maybank Securities (Thailand) PCL was 3.10% per year. The lowest was -0.40% per year. And the median was 1.50% per year.

As of today (2024-05-21), Maybank Securities (Thailand) PCL's current stock price is ฿9.45. Maybank Securities (Thailand) PCL's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ฿5.65. Maybank Securities (Thailand) PCL's Cyclically Adjusted PS Ratio of today is 1.67.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Maybank Securities (Thailand) PCL was 4.02. The lowest was 0.77. And the median was 1.92.


Maybank Securities (Thailand) PCL Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Maybank Securities (Thailand) PCL's Cyclically Adjusted Revenue per Share 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.

Maybank Securities (Thailand) PCL Cyclically Adjusted Revenue per Share Chart

Maybank Securities (Thailand) PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.34 5.36 5.64 5.85 5.56

Maybank Securities (Thailand) PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share 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 5.71 5.63 5.61 5.56 5.65

Competitive Comparison of Maybank Securities (Thailand) PCL's Cyclically Adjusted Revenue per Share

For the Capital Markets subindustry, Maybank Securities (Thailand) PCL'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.


Maybank Securities (Thailand) PCL's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Maybank Securities (Thailand) PCL's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Maybank Securities (Thailand) PCL's Cyclically Adjusted PS Ratio falls into.



Maybank Securities (Thailand) PCL Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Maybank Securities (Thailand) PCL'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)
=0.981/131.7762*131.7762
=0.981

Current CPI (Mar. 2024) = 131.7762.

Maybank Securities (Thailand) PCL Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.273 100.560 1.668
201409 1.888 100.428 2.477
201412 1.924 99.070 2.559
201503 1.750 99.621 2.315
201506 1.040 100.684 1.361
201509 1.105 100.392 1.450
201512 1.012 99.792 1.336
201603 1.158 100.470 1.519
201606 1.141 101.688 1.479
201609 1.480 101.861 1.915
201612 1.341 101.863 1.735
201703 1.245 102.862 1.595
201706 1.294 103.349 1.650
201709 0.805 104.136 1.019
201712 1.038 104.011 1.315
201803 0.980 105.290 1.227
201806 1.038 106.317 1.287
201809 0.841 106.507 1.041
201812 0.969 105.998 1.205
201903 0.819 107.251 1.006
201906 0.690 108.070 0.841
201909 1.137 108.329 1.383
201912 0.891 108.420 1.083
202003 2.580 108.902 3.122
202006 1.249 108.767 1.513
202009 0.808 109.815 0.970
202012 0.597 109.897 0.716
202103 0.609 111.754 0.718
202106 1.492 114.631 1.715
202109 1.154 115.734 1.314
202112 2.413 117.630 2.703
202203 1.132 121.301 1.230
202206 1.072 125.017 1.130
202209 1.113 125.227 1.171
202212 1.061 125.222 1.117
202303 0.637 127.348 0.659
202306 0.910 128.729 0.932
202309 1.062 129.860 1.078
202312 0.923 129.419 0.940
202403 0.981 131.776 0.981

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Maybank Securities (Thailand) PCL  (BKK:MST) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Maybank Securities (Thailand) PCL's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=9.45/5.65
=1.67

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Maybank Securities (Thailand) PCL was 4.02. The lowest was 0.77. And the median was 1.92.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Maybank Securities (Thailand) PCL Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Maybank Securities (Thailand) PCL's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Maybank Securities (Thailand) PCL (BKK:MST) Business Description

Traded in Other Exchanges
N/A
Address
Rama 1 Road, 20th - 21st Floor and 25th Floor, 999/9 The Offices at Central World Building, Pathumwan Sub-District, Pathumwan District, Bangkok, THA, 10330
Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which provides service according to brokering and derivative brokering and securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing, and lending and corporate finance advisory services.