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Melhus Sparebank (OSL:MELG) Cyclically Adjusted Revenue per Share : kr108.61 (As of Mar. 2024)


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What is Melhus Sparebank 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.

Melhus Sparebank's adjusted revenue per share for the three months ended in Mar. 2024 was kr28.014. 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 kr108.61 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Melhus Sparebank's average Cyclically Adjusted Revenue Growth Rate was -1.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -3.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -2.40% 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 Melhus Sparebank was -0.90% per year. The lowest was -3.60% per year. And the median was -3.10% per year.

As of today (2024-06-07), Melhus Sparebank's current stock price is kr154.00. Melhus Sparebank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was kr108.61. Melhus Sparebank's Cyclically Adjusted PS Ratio of today is 1.42.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Melhus Sparebank was 1.57. The lowest was 0.95. And the median was 1.23.


Melhus Sparebank Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Melhus Sparebank'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.

Melhus Sparebank Cyclically Adjusted Revenue per Share Chart

Melhus Sparebank 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 124.35 119.05 116.83 111.51 108.46

Melhus Sparebank Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 110.33 111.01 107.16 108.46 108.61

Competitive Comparison of Melhus Sparebank's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Melhus Sparebank'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.


Melhus Sparebank's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



Melhus Sparebank 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, Melhus Sparebank'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)
=28.014/132.6000*132.6000
=28.014

Current CPI (Mar. 2024) = 132.6000.

Melhus Sparebank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 28.172 97.500 38.314
201409 24.939 98.500 33.573
201412 34.103 98.600 45.863
201503 24.225 99.200 32.381
201506 28.880 100.100 38.257
201509 21.702 100.600 28.605
201512 25.195 100.900 33.111
201603 30.931 102.500 40.014
201606 23.043 103.800 29.436
201609 18.928 104.200 24.087
201612 19.757 104.400 25.094
201703 20.494 105.000 25.881
201706 22.612 105.800 28.340
201709 20.344 105.900 25.473
201712 16.427 106.100 20.530
201803 16.737 107.300 20.683
201806 19.997 108.500 24.439
201809 17.897 109.500 21.673
201812 16.933 109.800 20.449
201903 17.003 110.400 20.422
201906 18.494 110.600 22.173
201909 19.858 111.100 23.701
201912 20.408 111.300 24.314
202003 17.948 111.200 21.402
202006 21.485 112.100 25.414
202009 18.125 112.900 21.288
202012 18.631 112.900 21.882
202103 18.670 114.600 21.602
202106 23.796 115.300 27.366
202109 20.111 117.500 22.695
202112 20.703 118.900 23.088
202203 19.953 119.800 22.085
202206 26.747 122.600 28.929
202209 22.993 125.600 24.274
202212 24.272 125.900 25.564
202303 24.799 127.600 25.771
202306 40.866 130.400 41.555
202309 28.821 129.800 29.443
202312 28.768 131.900 28.921
202403 28.014 132.600 28.014

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


Melhus Sparebank  (OSL:MELG) 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.

Melhus Sparebank's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=154.00/108.61
=1.42

* 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 Melhus Sparebank was 1.57. The lowest was 0.95. And the median was 1.23.


Be Aware

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


Melhus Sparebank Cyclically Adjusted Revenue per Share Related Terms

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


Melhus Sparebank (OSL:MELG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Melhus Sparebank (OSL:MELG) » Definitions » Cyclically Adjusted Revenue per Share
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Address
Melhus Road 439, Melhus, NOR, 7224
Melhus Sparebank is a savings bank that offers a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services.

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