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JPMorgan Chase (BUE:JPM) Cyclically Adjusted Revenue per Share : ARS3,606.91 (As of Sep. 2024)


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What is JPMorgan Chase 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.

JPMorgan Chase's adjusted revenue per share for the three months ended in Sep. 2024 was ARS141,472.229. 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 ARS3,606.91 for the trailing ten years ended in Sep. 2024.

During the past 12 months, JPMorgan Chase's average Cyclically Adjusted Revenue Growth Rate was 9.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.50% 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 JPMorgan Chase was 9.60% per year. The lowest was 0.30% per year. And the median was 3.60% per year.

As of today (2024-12-15), JPMorgan Chase's current stock price is ARS17450.00. JPMorgan Chase's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was ARS3,606.91. JPMorgan Chase's Cyclically Adjusted PS Ratio of today is 4.84.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of JPMorgan Chase was 5.71. The lowest was 2.26. And the median was 3.69.


JPMorgan Chase Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for JPMorgan Chase'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.

JPMorgan Chase Cyclically Adjusted Revenue per Share Chart

JPMorgan Chase 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 426.60 867.02 1,381.99 2,540.98 7,891.10

JPMorgan Chase Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 6,597.24 7,891.10 3,008.01 3,877.89 3,606.91

Competitive Comparison of JPMorgan Chase's Cyclically Adjusted Revenue per Share

For the Banks - Diversified subindustry, JPMorgan Chase'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.


JPMorgan Chase's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



JPMorgan Chase 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, JPMorgan Chase's adjusted Revenue per Share data for the three months ended in Sep. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=141472.229/133.0289*133.0289
=141,472.229

Current CPI (Sep. 2024) = 133.0289.

JPMorgan Chase Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 516.680 99.070 693.788
201503 564.883 99.621 754.316
201506 577.967 100.684 763.641
201509 574.899 100.392 761.799
201512 765.811 99.792 1,020.869
201603 908.022 100.470 1,202.276
201606 919.610 101.688 1,203.039
201609 1,002.891 101.861 1,309.760
201612 1,055.399 101.863 1,378.312
201703 1,059.069 102.862 1,369.665
201706 1,149.258 103.349 1,479.302
201709 1,259.175 104.136 1,608.544
201712 1,363.184 104.011 1,743.495
201803 1,616.031 105.290 2,041.788
201806 2,015.197 106.317 2,521.515
201809 2,955.369 106.507 3,691.312
201812 2,913.200 105.998 3,656.108
201903 3,441.201 107.251 4,268.317
201906 3,940.201 108.070 4,850.218
201909 5,107.659 108.329 6,272.224
201912 5,432.341 108.420 6,665.354
202003 5,660.443 108.902 6,914.528
202006 7,348.395 108.767 8,987.526
202009 7,021.830 109.815 8,506.189
202012 7,748.680 109.897 9,379.694
202103 9,435.448 111.754 11,231.659
202106 9,493.865 114.631 11,017.561
202109 9,651.102 115.734 11,093.301
202112 9,921.159 117.630 11,219.982
202203 11,064.256 121.301 12,133.996
202206 12,457.317 125.017 13,255.684
202209 15,323.204 125.227 16,277.936
202212 19,498.995 125.222 20,714.683
202303 25,484.064 127.348 26,620.931
202306 31,406.844 128.729 32,455.994
202309 47,455.279 129.860 48,613.490
202312 47,731.041 129.419 49,062.257
202403 121,214.950 131.776 122,367.252
202406 154,847.968 132.554 155,402.975
202409 141,472.229 133.029 141,472.229

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


JPMorgan Chase  (BUE:JPM) 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.

JPMorgan Chase's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=17450.00/3606.91
=4.84

* 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 JPMorgan Chase was 5.71. The lowest was 2.26. And the median was 3.69.


Be Aware

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


JPMorgan Chase Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of JPMorgan Chase's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


JPMorgan Chase Business Description

Industry
Address
383 Madison Avenue, New York, NY, USA, 10179
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4.1 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.