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China Citic Bank (FRA:D7C) Cyclically Adjusted Revenue per Share : €0.27 (As of Mar. 2024)


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What is China Citic Bank 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.

China Citic Bank's adjusted revenue per share for the three months ended in Mar. 2024 was €0.135. 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 €0.27 for the trailing ten years ended in Mar. 2024.

During the past 12 months, China Citic Bank's average Cyclically Adjusted Revenue Growth Rate was 2.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.40% 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 China Citic Bank was 10.80% per year. The lowest was 4.60% per year. And the median was 8.75% per year.

As of today (2024-06-20), China Citic Bank's current stock price is €0.565. China Citic Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €0.27. China Citic Bank's Cyclically Adjusted PS Ratio of today is 2.09.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of China Citic Bank was 3.68. The lowest was 1.28. And the median was 1.98.


China Citic Bank Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for China Citic Bank'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.

China Citic Bank Cyclically Adjusted Revenue per Share Chart

China Citic Bank 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 0.25 0.20 0.27 0.27 0.24

China Citic Bank 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 0.28 0.24 0.25 0.24 0.27

Competitive Comparison of China Citic Bank's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, China Citic Bank'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.


China Citic Bank's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where China Citic Bank's Cyclically Adjusted PS Ratio falls into.



China Citic Bank 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, China Citic Bank'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)
=0.135/115.2271*115.2271
=0.135

Current CPI (Mar. 2024) = 115.2271.

China Citic Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.081 98.200 0.095
201409 0.083 98.900 0.097
201412 0.090 99.000 0.105
201503 0.103 99.900 0.119
201506 0.114 99.500 0.132
201509 0.112 100.500 0.128
201512 0.117 100.600 0.134
201603 0.115 102.200 0.130
201606 0.103 101.400 0.117
201609 0.100 102.400 0.113
201612 0.105 102.600 0.118
201703 0.104 103.200 0.116
201706 0.105 103.100 0.117
201709 0.088 104.100 0.097
201712 0.108 104.500 0.119
201803 0.105 105.300 0.115
201806 0.114 104.900 0.125
201809 0.087 106.600 0.094
201812 0.113 106.500 0.122
201903 0.123 107.700 0.132
201906 0.113 107.700 0.121
201909 0.100 109.800 0.105
201912 0.110 111.200 0.114
202003 0.124 112.300 0.127
202006 0.120 110.400 0.125
202009 0.098 111.700 0.101
202012 0.092 111.500 0.095
202103 0.124 112.662 0.127
202106 0.129 111.769 0.133
202109 0.108 112.215 0.111
202112 0.114 113.108 0.116
202203 0.142 114.335 0.143
202206 0.128 114.558 0.129
202209 0.123 115.339 0.123
202212 0.115 115.116 0.115
202303 0.127 115.116 0.127
202306 0.118 114.558 0.119
202309 0.105 115.339 0.105
202312 0.106 114.781 0.106
202403 0.135 115.227 0.135

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


China Citic Bank  (FRA:D7C) 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.

China Citic Bank's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.565/0.27
=2.09

* 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 China Citic Bank was 3.68. The lowest was 1.28. And the median was 1.98.


Be Aware

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


China Citic Bank Cyclically Adjusted Revenue per Share Related Terms

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


China Citic Bank (FRA:D7C) Business Description

Industry
Address
10 Guanghua Road, 6-30/F and 32-42/F, Building No. 1, Chaoyang District, Beijing, CHN, 100020
As the second-largest joint-stock banks, China Citic Bank is headquartered in Beijing. It offers a full range of commercial banking services, with 1,410 outlets in 146 cities in China and branches in Hong Kong, Macau, New York, Los Angeles, and Singapore. As of 2022, the bank is the 9th-largest nationwide listed commercial bank in China in terms of total assets.

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