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Security Bank (PHS:SECB) Cyclically Adjusted Revenue per Share : ₱55.56 (As of Mar. 2025)


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What is Security Bank 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.

Security Bank's adjusted revenue per share for the three months ended in Mar. 2025 was ₱20.483. 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 ₱55.56 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Security Bank's average Cyclically Adjusted Revenue Growth Rate was 9.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 12.30% 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 Security Bank was 13.80% per year. The lowest was 10.90% per year. And the median was 12.30% per year.

As of today (2025-05-25), Security Bank's current stock price is ₱61.60. Security Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was ₱55.56. Security Bank's Cyclically Adjusted PS Ratio of today is 1.11.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Security Bank was 10.66. The lowest was 1.12. And the median was 3.00.


Security Bank Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Security Bank'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.

Security Bank Cyclically Adjusted Revenue per Share Chart

Security Bank 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 34.66 39.74 44.59 49.13 54.20

Security Bank 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 50.89 51.88 52.84 54.20 55.56

Competitive Comparison of Security Bank's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Security Bank'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.


Security Bank's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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


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Security Bank 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, Security Bank'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)
=20.483/134.9266*134.9266
=20.483

Current CPI (Mar. 2025) = 134.9266.

Security Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 6.427 100.684 8.613
201509 6.716 100.392 9.026
201512 6.507 99.792 8.798
201603 9.840 100.470 13.215
201606 6.762 101.688 8.972
201609 6.812 101.861 9.023
201612 6.707 101.863 8.884
201703 8.222 102.862 10.785
201706 7.920 103.349 10.340
201709 7.533 104.136 9.760
201712 9.277 104.011 12.034
201803 8.382 105.290 10.741
201806 7.903 106.317 10.030
201809 8.607 106.507 10.904
201812 8.827 105.998 11.236
201903 9.975 107.251 12.549
201906 10.418 108.070 13.007
201909 11.648 108.329 14.508
201912 12.662 108.420 15.758
202003 17.535 108.902 21.725
202006 16.771 108.767 20.805
202009 19.067 109.815 23.427
202012 12.018 109.897 14.755
202103 11.655 111.754 14.072
202106 12.604 114.631 14.836
202109 12.082 115.734 14.086
202112 12.200 117.630 13.994
202203 12.278 121.301 13.657
202206 13.196 125.017 14.242
202209 13.504 125.227 14.550
202212 13.145 125.222 14.164
202303 12.976 127.348 13.748
202306 14.278 128.729 14.965
202309 13.974 129.860 14.519
202312 15.070 129.419 15.711
202403 16.510 131.776 16.905
202406 17.455 132.554 17.767
202409 19.003 133.029 19.274
202412 19.439 133.157 19.697
202503 20.483 134.927 20.483

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


Security Bank  (PHS:SECB) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=61.60/55.56
=1.11

* 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 Security Bank was 10.66. The lowest was 1.12. And the median was 3.00.


Be Aware

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


Security Bank Cyclically Adjusted Revenue per Share Related Terms

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


Security Bank Business Description

Industry
Traded in Other Exchanges
Address
6776 Ayala Avenue, Security Bank Centre, Makati, PHL, 0719
Security Bank Corp is engaged in banking. It operates in four segments; the Financial Markets Segment focuses on providing the money market, foreign exchange, financial derivatives, securities distribution, asset management, trust, and fiduciary services; the Wholesale Banking Segment addresses the corporate, institutional, and public sector markets and commercial clients. Services include relationship management, lending and other credit facilities, trade, cash management, deposit-taking, and leasing services; the Retail Banking Segment addresses individual, retail, and small businesses; the Business banking segment covers deposit-taking and servicing, consumer loans, credit card facilities, and bancassurance, and All Other Segments include other support services.

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