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State Bank of India (NSE:SBIN) Cyclically Adjusted Revenue per Share : ₹304.59 (As of Mar. 2025)


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What is State Bank of India 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.

State Bank of India's adjusted revenue per share for the three months ended in Mar. 2025 was ₹99.095. 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 ₹304.59 for the trailing ten years ended in Mar. 2025.

During the past 12 months, State Bank of India's average Cyclically Adjusted Revenue Growth Rate was 7.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.30% 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 State Bank of India was 7.90% per year. The lowest was 6.30% per year. And the median was 7.20% per year.

As of today (2025-05-27), State Bank of India's current stock price is ₹794.40. State Bank of India's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was ₹304.59. State Bank of India's Cyclically Adjusted PS Ratio of today is 2.61.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of State Bank of India was 3.05. The lowest was 0.70. And the median was 1.93.


State Bank of India Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for State Bank of India'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.

State Bank of India Cyclically Adjusted Revenue per Share Chart

State Bank of India Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 228.31 242.24 262.03 284.25 304.59

State Bank of India 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 284.25 292.03 299.94 304.15 304.59

Competitive Comparison of State Bank of India's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, State Bank of India'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.


State Bank of India's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where State Bank of India's Cyclically Adjusted PS Ratio falls into.


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State Bank of India 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, State Bank of India'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)
=99.095/157.5517*157.5517
=99.095

Current CPI (Mar. 2025) = 157.5517.

State Bank of India Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 37.263 99.841 58.802
201509 40.817 101.753 63.200
201512 40.313 102.901 61.723
201603 45.325 102.518 69.656
201606 42.653 105.961 63.420
201609 52.337 105.961 77.819
201612 48.209 105.196 72.202
201703 44.657 105.196 66.883
201706 40.615 107.109 59.743
201709 44.107 109.021 63.741
201712 43.877 109.404 63.187
201803 50.768 109.786 72.856
201806 42.265 111.317 59.820
201809 46.268 115.142 63.310
201812 49.895 115.142 68.273
201903 47.891 118.202 63.834
201906 48.395 120.880 63.077
201909 55.145 123.175 70.535
201912 61.520 126.235 76.782
202003 60.292 124.705 76.173
202006 53.408 127.000 66.256
202009 63.162 130.118 76.479
202012 65.966 130.889 79.404
202103 72.841 131.771 87.093
202106 61.654 134.084 72.445
202109 70.029 135.847 81.218
202112 73.042 138.161 83.294
202203 59.817 138.822 67.888
202206 58.947 142.347 65.243
202209 77.933 144.661 84.878
202212 87.223 145.763 94.277
202303 78.814 146.865 84.549
202306 83.238 150.280 87.266
202309 91.100 151.492 94.744
202312 95.240 152.924 98.122
202403 93.037 153.035 95.783
202406 90.100 155.789 91.120
202409 101.066 157.882 100.854
202412 101.333 158.323 100.839
202503 99.095 157.552 99.095

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


State Bank of India  (NSE:SBIN) 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.

State Bank of India's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=794.40/304.59
=2.61

* 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 State Bank of India was 3.05. The lowest was 0.70. And the median was 1.93.


Be Aware

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


State Bank of India Cyclically Adjusted Revenue per Share Related Terms

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


State Bank of India Business Description

Industry
Address
Madam Cama Road, State Bank Bhavan, 14th Floor, Corporate Centre, Nariman Point, Mumbai, MH, IND, 400 021
State Bank of India is a bank in India. The bank's business segments include Treasury; Corporate/Wholesale Banking; Retail Banking and Other Banking businesses. The bank generates maximum revenue from the Retail Banking segment. The Retail Banking Segment comprises retail branches, which primarily include Personal Banking activities including lending activities to corporate customers having banking relations with these branches. This segment also includes the agency business and ATMs. Geographically, it derives a majority of its revenue from India.

State Bank of India Headlines

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