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Citizens Financial Group (FRA:1C5) Cyclically Adjusted Revenue per Share : €14.37 (As of Mar. 2024)


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What is Citizens Financial Group 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.

Citizens Financial Group's adjusted revenue per share for the three months ended in Mar. 2024 was €3.880. 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 €14.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Citizens Financial Group's average Cyclically Adjusted Revenue Growth Rate was 7.80% 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.

As of today (2024-05-27), Citizens Financial Group's current stock price is €32.405. Citizens Financial Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €14.37. Citizens Financial Group's Cyclically Adjusted PS Ratio of today is 2.26.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Citizens Financial Group was 3.12. The lowest was 1.50. And the median was 2.17.


Citizens Financial Group Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Citizens Financial Group'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.

Citizens Financial Group Cyclically Adjusted Revenue per Share Chart

Citizens Financial Group 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 - - - 13.33 14.04

Citizens Financial Group 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 13.61 13.66 14.14 14.04 14.37

Competitive Comparison of Citizens Financial Group's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Citizens Financial Group'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.


Citizens Financial Group's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



Citizens Financial Group 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, Citizens Financial Group'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)
=3.88/131.7762*131.7762
=3.880

Current CPI (Mar. 2024) = 131.7762.

Citizens Financial Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.557 100.560 2.040
201409 1.608 100.428 2.110
201412 1.736 99.070 2.309
201503 1.988 99.621 2.630
201506 1.980 100.684 2.591
201509 2.020 100.392 2.651
201512 2.149 99.792 2.838
201603 2.089 100.470 2.740
201606 2.145 101.688 2.780
201609 2.351 101.861 3.041
201612 2.523 101.863 3.264
201703 2.531 102.862 3.242
201706 2.449 103.349 3.123
201709 2.411 104.136 3.051
201712 2.541 104.011 3.219
201803 2.423 105.290 3.033
201806 2.657 106.317 3.293
201809 2.806 106.507 3.472
201812 2.986 105.998 3.712
201903 3.027 107.251 3.719
201906 3.137 108.070 3.825
201909 3.326 108.329 4.046
201912 3.390 108.420 4.120
202003 3.492 108.902 4.225
202006 3.635 108.767 4.404
202009 3.553 109.815 4.264
202012 3.277 109.897 3.929
202103 3.255 111.754 3.838
202106 3.123 114.631 3.590
202109 3.296 115.734 3.753
202112 3.567 117.630 3.996
202203 3.517 121.301 3.821
202206 3.774 125.017 3.978
202209 4.420 125.227 4.651
202212 4.311 125.222 4.537
202303 4.075 127.348 4.217
202306 4.018 128.729 4.113
202309 4.005 129.860 4.064
202312 3.899 129.419 3.970
202403 3.880 131.776 3.880

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


Citizens Financial Group  (FRA:1C5) 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.

Citizens Financial Group's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=32.405/14.37
=2.26

* 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 Citizens Financial Group was 3.12. The lowest was 1.50. And the median was 2.17.


Be Aware

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


Citizens Financial Group Cyclically Adjusted Revenue per Share Related Terms

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


Citizens Financial Group (FRA:1C5) Business Description

Industry
Traded in Other Exchanges
Address
One Citizens Plaza, Providence, RI, USA, RI 02903
Citizens Financial Group is a bank holding company headquartered in Providence, Rhode Island. Its two primary business segments are consumer banking and commercial banking. Citizens offers a mix of retail and commercial products including capital markets and wealth options. The bank has over 1,000 branches in 14 states, although it is primarily concentrated in the Northeast. It has over $220 billion of total assets.

Citizens Financial Group (FRA:1C5) Headlines

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