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United Bank for Africa (NSA:UBA) Cyclically Adjusted Revenue per Share : ₦22.55 (As of Mar. 2025)


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What is United Bank for Africa 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.

United Bank for Africa's adjusted revenue per share for the three months ended in Mar. 2025 was ₦13.558. 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 ₦22.55 for the trailing ten years ended in Mar. 2025.

During the past 12 months, United Bank for Africa's average Cyclically Adjusted Revenue Growth Rate was 36.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 30.90% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of United Bank for Africa was 30.90% per year. The lowest was 30.90% per year. And the median was 30.90% per year.

As of today (2025-06-29), United Bank for Africa's current stock price is ₦35.35. United Bank for Africa's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was ₦22.55. United Bank for Africa's Cyclically Adjusted PS Ratio of today is 1.57.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of United Bank for Africa was 2.02. The lowest was 0.63. And the median was 0.92.


United Bank for Africa Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for United Bank for Africa'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.

United Bank for Africa Cyclically Adjusted Revenue per Share Chart

United Bank for Africa Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 9.44 11.09 15.33 21.15

United Bank for Africa Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 16.52 18.07 19.70 21.15 22.55

Competitive Comparison of United Bank for Africa's Cyclically Adjusted Revenue per Share

For the Banks - Diversified subindustry, United Bank for Africa'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.


United Bank for Africa's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where United Bank for Africa's Cyclically Adjusted PS Ratio falls into.


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United Bank for Africa 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, United Bank for Africa's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=13.558/134.9266*134.9266
=13.558

Current CPI (Mar. 2025) = 134.9266.

United Bank for Africa Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 1.603 100.684 2.148
201509 1.643 100.392 2.208
201512 1.429 99.792 1.932
201603 1.494 100.470 2.006
201606 1.921 101.688 2.549
201609 1.978 101.861 2.620
201612 2.556 101.863 3.386
201703 2.131 102.862 2.795
201706 2.620 103.349 3.421
201709 2.197 104.136 2.847
201712 2.621 104.011 3.400
201803 2.268 105.290 2.906
201806 2.658 106.317 3.373
201809 2.044 106.507 2.589
201812 2.044 105.998 2.602
201903 2.325 107.251 2.925
201906 3.010 108.070 3.758
201909 2.444 108.329 3.044
201912 2.333 108.420 2.903
202003 2.736 108.902 3.390
202006 3.011 108.767 3.735
202009 2.839 109.815 3.488
202012 3.187 109.897 3.913
202103 3.094 111.754 3.736
202106 3.112 114.631 3.663
202109 3.579 115.734 4.173
202112 3.086 117.630 3.540
202203 3.666 121.301 4.078
202206 3.807 125.017 4.109
202209 4.657 125.227 5.018
202212 4.670 125.222 5.032
202303 5.161 127.348 5.468
202306 17.531 128.729 18.375
202309 6.818 129.860 7.084
202312 16.215 129.419 16.905
202403 11.069 131.776 11.334
202406 16.358 132.554 16.651
202409 17.632 133.029 17.884
202412 16.776 133.157 16.999
202503 13.558 134.927 13.558

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


United Bank for Africa  (NSA:UBA) 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.

United Bank for Africa's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=35.35/22.55
=1.57

* 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 United Bank for Africa was 2.02. The lowest was 0.63. And the median was 0.92.


Be Aware

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


United Bank for Africa Cyclically Adjusted Revenue per Share Related Terms

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


United Bank for Africa Business Description

Industry
Traded in Other Exchanges
N/A
Address
57 Marina, Lagos Island, Lagos, NGA
United Bank for Africa PLC is a financial services institution. It offers banking and other financial and pension fund custody services. The geographical segments of the company are Nigeria, the Rest of Africa and the Rest of the world. The business segments of the company are 1) Corporate Banking, which provides financial solutions to multinationals, regional companies, state-owned companies, non-governmental organizations, international and multinational organizations and financial institutions. 2) Retail/ Commercial banking segment products and services to the middle and retail segments of the market. 3) Treasury and Financial Markets segment provide financing and risk management solutions and advisory services to the company's corporate and institutional customers.

United Bank for Africa Headlines

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