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Stanbic IBTC Holdings (NSA:STANBIC) Cyclically Adjusted Revenue per Share : ₦17.58 (As of Mar. 2024)


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What is Stanbic IBTC Holdings 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.

Stanbic IBTC Holdings's adjusted revenue per share for the three months ended in Mar. 2024 was ₦10.674. 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 ₦17.58 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Stanbic IBTC Holdings's average Cyclically Adjusted Revenue Growth Rate was 19.90% 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 (2024-05-19), Stanbic IBTC Holdings's current stock price is ₦52.00. Stanbic IBTC Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₦17.58. Stanbic IBTC Holdings's Cyclically Adjusted PS Ratio of today is 2.96.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Stanbic IBTC Holdings was 4.90. The lowest was 1.91. And the median was 2.95.


Stanbic IBTC Holdings Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Stanbic IBTC Holdings'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.

Stanbic IBTC Holdings Cyclically Adjusted Revenue per Share Chart

Stanbic IBTC Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 13.04 14.66

Stanbic IBTC Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 14.66 15.31 15.92 16.52 17.58

Competitive Comparison of Stanbic IBTC Holdings's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Stanbic IBTC Holdings'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.


Stanbic IBTC Holdings's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Stanbic IBTC Holdings's Cyclically Adjusted PS Ratio falls into.



Stanbic IBTC Holdings 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, Stanbic IBTC Holdings'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)
=10.674/131.7762*131.7762
=10.674

Current CPI (Mar. 2024) = 131.7762.

Stanbic IBTC Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.127 99.695 2.811
201406 2.181 100.560 2.858
201409 2.248 100.428 2.950
201412 2.335 99.070 3.106
201503 2.114 99.621 2.796
201506 2.041 100.684 2.671
201509 2.209 100.392 2.900
201512 2.175 99.792 2.872
201603 2.356 100.470 3.090
201606 2.339 101.688 3.031
201609 3.136 101.861 4.057
201612 2.972 101.863 3.845
201703 3.342 102.862 4.281
201706 3.388 103.349 4.320
201709 3.776 104.136 4.778
201712 3.865 104.011 4.897
201803 3.862 105.290 4.834
201806 4.114 106.317 5.099
201809 3.758 106.507 4.650
201812 3.411 105.998 4.241
201903 3.931 107.251 4.830
201906 3.898 108.070 4.753
201909 3.844 108.329 4.676
201912 3.676 108.420 4.468
202003 4.166 108.902 5.041
202006 4.035 108.767 4.889
202009 3.705 109.815 4.446
202012 2.089 109.897 2.505
202103 3.016 111.754 3.556
202106 3.027 114.631 3.480
202109 3.411 115.734 3.884
202112 3.712 117.630 4.158
202203 4.306 121.301 4.678
202206 4.457 125.017 4.698
202209 4.759 125.227 5.008
202212 5.063 125.222 5.328
202303 6.235 127.348 6.452
202306 6.925 128.729 7.089
202309 6.978 129.860 7.081
202403 10.674 131.776 10.674

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


Stanbic IBTC Holdings  (NSA:STANBIC) 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.

Stanbic IBTC Holdings's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=52.00/17.58
=2.96

* 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 Stanbic IBTC Holdings was 4.90. The lowest was 1.91. And the median was 2.95.


Be Aware

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


Stanbic IBTC Holdings Cyclically Adjusted Revenue per Share Related Terms

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


Stanbic IBTC Holdings (NSA:STANBIC) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Walter Carrington Crescent, IBTC Place, P.O. Box 71707, Victoria Island, Lagos, NGA
Stanbic IBTC Holdings PLC provides banking services. The company's operating segment includes Business and Commercial Clients; Wholesale Clients and Consumer and High Net Worth Clients. It generates maximum revenue from the Consumer and High Net Worth Clients segment. The Consumer and High Net Worth (CHNW) client segment is responsible for the end-to-end lifecycle of clients.

Stanbic IBTC Holdings (NSA:STANBIC) Headlines

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