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Turkiye Garanti Bankasi AS (IST:GARAN) Cyclically Adjusted Revenue per Share : ₺16.02 (As of Mar. 2024)


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What is Turkiye Garanti Bankasi AS 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.

Turkiye Garanti Bankasi AS's adjusted revenue per share for the three months ended in Mar. 2024 was ₺15.549. 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 ₺16.02 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Turkiye Garanti Bankasi AS's average Cyclically Adjusted Revenue Growth Rate was 53.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 44.40% 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 Turkiye Garanti Bankasi AS was 44.40% per year. The lowest was 31.20% per year. And the median was 37.80% per year.

As of today (2024-06-09), Turkiye Garanti Bankasi AS's current stock price is ₺99.95. Turkiye Garanti Bankasi AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₺16.02. Turkiye Garanti Bankasi AS's Cyclically Adjusted PS Ratio of today is 6.24.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Turkiye Garanti Bankasi AS was 6.73. The lowest was 1.31. And the median was 2.28.


Turkiye Garanti Bankasi AS Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Turkiye Garanti Bankasi AS'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.

Turkiye Garanti Bankasi AS Cyclically Adjusted Revenue per Share Chart

Turkiye Garanti Bankasi AS 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 4.18 4.75 6.14 9.44 14.29

Turkiye Garanti Bankasi AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 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 10.46 11.60 12.89 14.29 16.02

Competitive Comparison of Turkiye Garanti Bankasi AS's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Turkiye Garanti Bankasi AS'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.


Turkiye Garanti Bankasi AS's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Turkiye Garanti Bankasi AS's Cyclically Adjusted PS Ratio falls into.



Turkiye Garanti Bankasi AS 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, Turkiye Garanti Bankasi AS'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)
=15.549/131.7762*131.7762
=15.549

Current CPI (Mar. 2024) = 131.7762.

Turkiye Garanti Bankasi AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.693 99.695 0.916
201406 0.675 100.560 0.885
201409 0.734 100.428 0.963
201412 0.870 99.070 1.157
201503 0.718 99.621 0.950
201506 0.786 100.684 1.029
201509 0.714 100.392 0.937
201512 1.097 99.792 1.449
201603 0.816 100.470 1.070
201606 0.881 101.688 1.142
201609 1.000 101.861 1.294
201612 1.055 101.863 1.365
201703 1.024 102.862 1.312
201706 1.075 103.349 1.371
201709 1.133 104.136 1.434
201712 1.339 104.011 1.696
201803 1.529 105.290 1.914
201806 1.511 106.317 1.873
201809 2.018 106.507 2.497
201812 1.695 105.998 2.107
201903 1.970 107.251 2.420
201906 1.662 108.070 2.027
201909 1.737 108.329 2.113
201912 1.970 108.420 2.394
202003 2.594 108.902 3.139
202006 2.051 108.767 2.485
202009 2.709 109.815 3.251
202012 1.993 109.897 2.390
202103 3.034 111.754 3.578
202109 2.860 115.734 3.256
202112 6.155 117.630 6.895
202203 5.860 121.301 6.366
202206 6.861 125.017 7.232
202209 8.971 125.227 9.440
202212 10.042 125.222 10.568
202303 9.508 127.348 9.839
202306 11.182 128.729 11.447
202309 12.773 129.860 12.962
202312 15.185 129.419 15.462
202403 15.549 131.776 15.549

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


Turkiye Garanti Bankasi AS  (IST:GARAN) 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.

Turkiye Garanti Bankasi AS's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=99.95/16.02
=6.24

* 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 Turkiye Garanti Bankasi AS was 6.73. The lowest was 1.31. And the median was 2.28.


Be Aware

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


Turkiye Garanti Bankasi AS Cyclically Adjusted Revenue per Share Related Terms

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


Turkiye Garanti Bankasi AS (IST:GARAN) Business Description

Industry
Traded in Other Exchanges
Address
Levent Nispetiye Mah. Aytar Cad. No: 2, Besiktas, Istanbul, TUR, 34340
Turkiye Garanti Bankasi AS is an integrated financial services group operating primarily in Turkey, but with subsidiaries in the Netherlands, Russia, and Romania. It is a full-service bank offering corporate, commercial, retail, private, small to midsize enterprise, and investment banking services. Other financial services include insurance, leasing, brokerage, and asset management services. The bank's strategy emphasizes customer service. Its vast majority of its earning assets consist of loans, with strong positioning in consumer loans, mortgages, and auto loans. The company loan portfolio is diversified across various industries, notably real estate and rental services, wholesale and retail trade, and the production industries.

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