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FULT (Fulton Financial) Cyclically Adjusted Revenue per Share : $6.08 (As of Sep. 2024)


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What is Fulton Financial 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.

Fulton Financial's adjusted revenue per share for the three months ended in Sep. 2024 was $1.768. 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 $6.08 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Fulton Financial's average Cyclically Adjusted Revenue Growth Rate was 5.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 3.80% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Fulton Financial was 8.40% per year. The lowest was 0.60% per year. And the median was 4.80% per year.

As of today (2024-12-12), Fulton Financial's current stock price is $21.01. Fulton Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was $6.08. Fulton Financial's Cyclically Adjusted PS Ratio of today is 3.46.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Fulton Financial was 4.74. The lowest was 1.78. And the median was 3.33.


Fulton Financial Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Fulton 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.

* Premium members only.

Fulton Financial Cyclically Adjusted Revenue per Share Chart

Fulton Financial 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 4.42 4.55 4.99 5.44 5.79

Fulton Financial 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 5.76 5.79 5.94 6.00 6.08

Competitive Comparison of Fulton Financial's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Fulton 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.


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

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

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



Fulton 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, Fulton Financial'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)
=1.768/133.0289*133.0289
=1.768

Current CPI (Sep. 2024) = 133.0289.

Fulton Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.934 99.070 1.254
201503 0.938 99.621 1.253
201506 0.954 100.684 1.260
201509 0.972 100.392 1.288
201512 0.993 99.792 1.324
201603 0.987 100.470 1.307
201606 1.004 101.688 1.313
201609 1.027 101.861 1.341
201612 1.058 101.863 1.382
201703 1.049 102.862 1.357
201706 1.105 103.349 1.422
201709 1.128 104.136 1.441
201712 1.141 104.011 1.459
201803 1.117 105.290 1.411
201806 1.160 106.317 1.451
201809 1.192 106.507 1.489
201812 1.210 105.998 1.519
201903 1.229 107.251 1.524
201906 1.294 108.070 1.593
201909 1.331 108.329 1.634
201912 1.300 108.420 1.595
202003 1.310 108.902 1.600
202006 1.286 108.767 1.573
202009 1.337 109.815 1.620
202012 1.331 109.897 1.611
202103 1.379 111.754 1.642
202106 1.308 114.631 1.518
202109 1.431 115.734 1.645
202112 1.623 117.630 1.835
202203 1.338 121.301 1.467
202206 1.464 125.017 1.558
202209 1.628 125.227 1.729
202212 1.657 125.222 1.760
202303 1.588 127.348 1.659
202306 1.635 128.729 1.690
202309 1.625 129.860 1.665
202312 1.639 129.419 1.685
202403 1.605 131.776 1.620
202406 1.506 132.554 1.511
202409 1.768 133.029 1.768

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


Fulton Financial  (NAS:FULT) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=21.01/6.08
=3.46

* 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 Fulton Financial was 4.74. The lowest was 1.78. And the median was 3.33.


Be Aware

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


Fulton Financial Cyclically Adjusted Revenue per Share Related Terms

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


Fulton Financial Business Description

Industry
Traded in Other Exchanges
Address
One Penn Square, P.O Box 4887, Lancaster, PA, USA, 17604
Fulton Financial is a U.S.-based financial services holding company that operates in five states: Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It offers a range of consumer and commercial banking products and services, such as checking and savings deposit products and loan products. It offers consumer and commercial banking products and services, as well as wealth management products and services. The bank derives its revenue from non-interest income, led by its Wealth Management division.
Executives
E Philip Wenger officer: Sr. Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Karthik Sridharan officer: Sr Executive Vice President 110 WEST FRONT STREET, RED BANK NJ 07701
Curtis J Myers officer: Sr. Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Mark R Mccollom officer: Sr. Executive Vice President 1130 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
David M Campbell officer: Sr Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Meg R Mueller officer: SEVP & Chief Credit Officer C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Andrew B Fiol officer: Sr Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
George K Martin director C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Moxley James R Iii director 10480 LITTLE PATUXENT PARKWAY, COLUMBIA MD 21044
Angela M Sargent officer: SEVP & Chief Info Office C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Steven S Etter director C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Angela M Snyder officer: Sr Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Antoinette M Pergolin director C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Natasha R. Luddington officer: Sr. Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Daniel R Stolzer officer: Sr Executive Vice President C/O CODORUS VALLEY BANCORP INC, 105 LEADER HEIGHTS ROAD, YORK PA 17403