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SMBK (SmartFinancial) Cyclically Adjusted Revenue per Share : $8.99 (As of Dec. 2024)


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What is SmartFinancial 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.

SmartFinancial's adjusted revenue per share for the three months ended in Dec. 2024 was $2.773. 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 $8.99 for the trailing ten years ended in Dec. 2024.

During the past 12 months, SmartFinancial's average Cyclically Adjusted Revenue Growth Rate was 2.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 1.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -2.10% 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 SmartFinancial was 4.90% per year. The lowest was -5.70% per year. And the median was -0.90% per year.

As of today (2025-05-13), SmartFinancial's current stock price is $31.46. SmartFinancial's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was $8.99. SmartFinancial's Cyclically Adjusted PS Ratio of today is 3.50.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of SmartFinancial was 4.13. The lowest was 1.36. And the median was 2.41.


SmartFinancial Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for SmartFinancial'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.

SmartFinancial Cyclically Adjusted Revenue per Share Chart

SmartFinancial 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 8.27 8.58 8.89 8.76 8.99

SmartFinancial 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 8.83 8.81 8.89 8.99 -

Competitive Comparison of SmartFinancial's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, SmartFinancial'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.


SmartFinancial's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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


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SmartFinancial 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, SmartFinancial's adjusted Revenue per Share data for the three months ended in Dec. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=2.773/133.1571*133.1571
=2.773

Current CPI (Dec. 2024) = 133.1571.

SmartFinancial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 1.551 99.621 2.073
201506 1.372 100.684 1.815
201509 1.509 100.392 2.002
201512 1.734 99.792 2.314
201603 1.624 100.470 2.152
201606 1.673 101.688 2.191
201609 1.738 101.861 2.272
201612 1.697 101.863 2.218
201703 1.372 102.862 1.776
201706 1.342 103.349 1.729
201709 1.413 104.136 1.807
201712 1.513 104.011 1.937
201803 1.571 105.290 1.987
201806 1.674 106.317 2.097
201809 1.575 106.507 1.969
201812 1.652 105.998 2.075
201903 1.579 107.251 1.960
201906 1.584 108.070 1.952
201909 1.621 108.329 1.993
201912 1.666 108.420 2.046
202003 1.753 108.902 2.143
202006 1.925 108.767 2.357
202009 1.983 109.815 2.405
202012 2.074 109.897 2.513
202103 2.114 111.754 2.519
202106 2.118 114.631 2.460
202109 2.338 115.734 2.690
202112 2.175 117.630 2.462
202203 2.208 121.301 2.424
202206 2.389 125.017 2.545
202209 2.546 125.227 2.707
202212 2.650 125.222 2.818
202303 2.539 127.348 2.655
202306 2.291 128.729 2.370
202309 1.873 129.860 1.921
202312 2.310 129.419 2.377
202403 2.369 131.776 2.394
202406 2.399 132.554 2.410
202409 2.623 133.029 2.626
202412 2.773 133.157 2.773

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


SmartFinancial  (NYSE:SMBK) 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.

SmartFinancial's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=31.46/8.99
=3.50

* 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 SmartFinancial was 4.13. The lowest was 1.36. And the median was 2.41.


Be Aware

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


SmartFinancial Cyclically Adjusted Revenue per Share Related Terms

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


SmartFinancial Business Description

Industry
Traded in Other Exchanges
N/A
Address
5401 Kingston Pike, Suite 600, Knoxville, TN, USA, 37919
SmartFinancial Inc operates as a bank holding company for SmartBank. It offers various banking and financial services to individuals and corporate customers. The principal business of the Bank consists of attracting deposits from the general public and investing those funds, together with funds generated from operations and from principal and interest payments on loans, mainly in commercial loans, commercial and residential real estate loans, consumer loans, and residential and commercial construction loans. The primary source of revenue is interest income from earning assets, namely loans and securities.
Executives
Wesley Miller Welborn director, officer: Chairman 6401 LEE HIGHWAY, STE B, CHATTANOOGA TN 37421
Rhett D. Jordan officer: Chief Credit Officer & EVP 5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
John M Presley director 770 NORTH WATER STREET, ATTENTION: CORPORATE SECRETARIES DEPT., MILWAUKEE WI 53202
Steven B. Tucker director 10448 HARBOURTOWNE DRIVE, NORTHPORT AL 35475
Petty Gary Wayne Jr officer: Chief Risk Officer & EVP 6401 LEE HIGHWAY SUITE B, CHATTANOOGA TN 37421
Geoffrey Alan Wolpert director 5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Ted Charles Miller director 5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Keith Edward Whaley director 5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
David Austin Ogle director 5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Carroll William Young Jr. director, officer: President and CEO 5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Cathy G Ackermann director 5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Clifton N Miller director 5401 KINGSTON PIKE SUITE 600, KNOXVILLE TN 37919
Ronald J Gorczynski officer: Chief Financial Officer & EVP 3980 PREMIER DRIVE, SUITE 210, HIGH POINT NC 27265
Carroll William Young Sr. director, officer: Vice-Chairman 5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Monique Berke director 6401 LEE HIGHWAY, SUITE 119, CHATTANOOGA TN 37421