FFMR (First Farmers Financial) Cyclically Adjusted Revenue per Share: $8.43 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FFMR First Farmers Financial Corp FFMR
73 GF Score
Price $34.30
GF Value $39.04
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is First Farmers Financial Cyclically Adjusted Revenue per Share?

First Farmers Financial FFMR 73 Cyclically Adjusted Revenue per Share is $8.43 as of Mar. 2026. GuruFocus rates FFMR with a GF Score™ of 73/100 and a GF Value™ of $39.04 (Modestly Undervalued). The stock has 2 warning signs investors should review.

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.

First Farmers Financial's adjusted revenue per share for the three months ended in Mar. 2026 was $2.596. 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 $8.43 for the trailing ten years ended in Mar. 2026.

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.

As of today (2026-07-30), First Farmers Financial's current stock price is $34.2999. First Farmers Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $8.43. First Farmers Financial's Cyclically Adjusted PS Ratio of today is 4.07.

During the past 12 years, the highest Cyclically Adjusted PS Ratio of First Farmers Financial was 4.17. The lowest was 3.91. And the median was 4.07.


First Farmers Financial  (OTCPK:FFMR) 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.

First Farmers Financial's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=34.2999/8.43
=4.07

* 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 12 years, the highest Cyclically Adjusted PS Ratio of First Farmers Financial was 4.17. The lowest was 3.91. And the median was 4.07.


Be Aware

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


First Farmers Financial Cyclically Adjusted Revenue per Share Related Terms


First Farmers Financial Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for First Farmers Financial'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.

First Farmers Financial Cyclically Adjusted Revenue per Share Chart

First Farmers Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 8.17

First Farmers Financial Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 8.03 8.13 8.17 8.43

FFMR vs BSVN, BMRC, WTBA: Cyclically Adjusted Revenue per Share Comparison

For the Banks - Regional subindustry, First Farmers Financial'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.


First Farmers Financial Cyclically Adjusted PS Ratio vs Banks Industry

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

* The bar in red indicates where First Farmers Financial's Cyclically Adjusted PS Ratio falls into.


FFMR
73GF Score
First Farmers Financial Corp FFMR
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Farmers Financial 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, First Farmers Financial's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.596/330.2130*330.2130
=2.596

Current CPI (Mar. 2026) = 330.2130.

First Farmers Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.206 241.018 1.652
201609 1.189 241.428 1.626
201612 1.235 241.432 1.689
201703 1.265 243.801 1.713
201706 1.315 244.955 1.773
201709 1.278 246.819 1.710
201712 1.293 246.524 1.732
201803 1.340 249.554 1.773
201806 1.433 251.989 1.878
201809 1.444 252.439 1.889
201812 1.425 251.233 1.873
201903 1.413 254.202 1.836
201906 1.472 256.143 1.898
201909 1.533 256.759 1.972
201912 1.533 256.974 1.970
202003 1.468 258.115 1.878
202006 1.671 257.797 2.140
202009 1.746 260.280 2.215
202012 1.850 260.474 2.345
202103 1.736 264.877 2.164
202106 1.752 271.696 2.129
202109 1.972 274.310 2.374
202112 1.863 278.802 2.207
202203 1.859 287.504 2.135
202206 1.803 296.311 2.009
202209 1.931 296.808 2.148
202212 2.086 296.797 2.321
202303 2.072 301.836 2.267
202306 2.108 305.109 2.281
202309 2.088 307.789 2.240
202312 2.191 306.746 2.359
202403 2.175 312.332 2.300
202406 2.170 314.175 2.281
202409 2.250 315.301 2.356
202412 2.380 315.605 2.490
202503 2.345 319.799 2.421
202506 2.429 322.561 2.487
202509 2.494 324.800 2.536
202512 2.619 324.054 2.669
202603 2.596 330.213 2.596

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

What does a Cyclically Adjusted Revenue per Share of $8.43 mean?
First Farmers Financial (FFMR) has a Cyclically Adjusted Revenue per Share of $8.43 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on First Farmers Financial and its competitors.
Is First Farmers Financial's Cyclically Adjusted Revenue per Share too high?
First Farmers Financial's current Cyclically Adjusted Revenue per Share is $8.43. Overall, First Farmers Financial has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Farmers Financial's Cyclically Adjusted Revenue per Share compare to BSVN and BMRC?
First Farmers Financial's Cyclically Adjusted Revenue per Share of $8.43 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Banks company?
A good Cyclically Adjusted Revenue per Share depends on the Banks industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on First Farmers Financial and its competitors. First Farmers Financial's current Cyclically Adjusted Revenue per Share is $8.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Farmers Financial stock overvalued right now?
Based on GuruFocus' analysis, First Farmers Financial (FFMR) is currently considered Modestly Undervalued. The stock's GF Value™ is $39.04, compared to a current price of $34.30 — trading 12.1% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is $8.43. First Farmers Financial's overall GF Score™ is 73/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For First Farmers Financial (FFMR), the current Cyclically Adjusted Revenue per Share is $8.43 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Farmers Financial (FFMR) Overvalued in 2026?

Based on GuruFocus' analysis, First Farmers Financial stock appears to be undervalued. The current stock price of $34.30 is trading 12.1% below its estimated GF Value™ of $39.04. GuruFocus considers First Farmers Financial to be Modestly Undervalued.

Key valuation signals for FFMR:

  • Cyclically Adjusted Revenue per Share: $8.43
  • GF Value™: $39.04 vs. price of $34.30 (12.1% below fair value)
  • GF Score™: 73/100 with 2 warning signs

No single metric tells the full story. See the FFMR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Farmers Financial Business Description

Address 123 North Jefferson Street, Converse, IN, USA, 46919
First Farmers Financial Corp is a financial holding company. Along with its subsidiaries, it is mainly engaged in providing a range of banking products and services to individuals, families, and businesses. Its products and services include deposits, retirement and health savings accounts, consumer loans, home equity, and account management and leasing. The group makes commercial, installment and mortgage loans to and receives deposits from customers through its offices located in the Indiana counties of Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tippecanoe, Tipton, Vigo and Wabash; and Illinois counties of Coles, Edgar and Vermilion.
73GF Score

Get the complete analysis for FFMR

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$34.30
Price
$39.04
GF Value