GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Oversea-Chinese Banking Corp Ltd (STU:OCBA) » Definitions » Cyclically Adjusted Revenue per Share

Oversea-Chinese Banking (STU:OCBA) Cyclically Adjusted Revenue per Share : €1.92 (As of Mar. 2024)


View and export this data going back to . Start your Free Trial

What is Oversea-Chinese Banking 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.

Oversea-Chinese Banking's adjusted revenue per share for the three months ended in Mar. 2024 was €0.554. 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 €1.92 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Oversea-Chinese Banking's average Cyclically Adjusted Revenue Growth Rate was 5.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.70% 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 Oversea-Chinese Banking was 6.60% per year. The lowest was 3.80% per year. And the median was 5.60% per year.

As of today (2024-05-20), Oversea-Chinese Banking's current stock price is €9.672. Oversea-Chinese Banking's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €1.92. Oversea-Chinese Banking's Cyclically Adjusted PS Ratio of today is 5.04.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Oversea-Chinese Banking was 6.67. The lowest was 3.71. And the median was 4.90.


Oversea-Chinese Banking Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Oversea-Chinese Banking'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.

Oversea-Chinese Banking Cyclically Adjusted Revenue per Share Chart

Oversea-Chinese Banking 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 1.45 1.39 1.61 1.81 1.87

Oversea-Chinese Banking 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 1.84 1.83 1.90 1.87 1.92

Competitive Comparison of Oversea-Chinese Banking's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Oversea-Chinese Banking'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.


Oversea-Chinese Banking's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Oversea-Chinese Banking's Cyclically Adjusted PS Ratio falls into.



Oversea-Chinese Banking 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, Oversea-Chinese Banking'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)
=0.554/131.7762*131.7762
=0.554

Current CPI (Mar. 2024) = 131.7762.

Oversea-Chinese Banking Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.318 100.560 0.417
201409 0.417 100.428 0.547
201412 0.306 99.070 0.407
201503 0.354 99.621 0.468
201506 0.357 100.684 0.467
201509 0.322 100.392 0.423
201512 0.346 99.792 0.457
201603 0.321 100.470 0.421
201606 0.321 101.688 0.416
201609 0.334 101.861 0.432
201612 0.323 101.863 0.418
201703 0.329 102.862 0.421
201706 0.351 103.349 0.448
201709 0.352 104.136 0.445
201712 0.383 104.011 0.485
201803 0.337 105.290 0.422
201806 0.372 106.317 0.461
201809 0.376 106.507 0.465
201812 0.352 105.998 0.438
201903 0.413 107.251 0.507
201906 0.394 108.070 0.480
201909 0.374 108.329 0.455
201912 0.441 108.420 0.536
202003 0.362 108.902 0.438
202006 0.339 108.767 0.411
202009 0.353 109.815 0.424
202012 0.343 109.897 0.411
202103 0.408 111.754 0.481
202106 0.350 114.631 0.402
202109 0.359 115.734 0.409
202112 0.353 117.630 0.395
202203 0.393 121.301 0.427
202206 0.385 125.017 0.406
202209 0.482 125.227 0.507
202212 0.456 125.222 0.480
202303 0.519 127.348 0.537
202306 0.524 128.729 0.536
202309 0.524 129.860 0.532
202312 0.490 129.419 0.499
202403 0.554 131.776 0.554

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


Oversea-Chinese Banking  (STU:OCBA) 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.

Oversea-Chinese Banking's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=9.672/1.92
=5.04

* 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 Oversea-Chinese Banking was 6.67. The lowest was 3.71. And the median was 4.90.


Be Aware

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


Oversea-Chinese Banking Cyclically Adjusted Revenue per Share Related Terms

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


Oversea-Chinese Banking (STU:OCBA) Business Description

Traded in Other Exchanges
Address
63 Chulia Street, No. 10-00 OCBC Centre East, Singapore, SGP, 049514
Oversea-Chinese Banking, or OCBC, is the longest-established Singapore bank, founded by the merger of three local banks in 1932. The group's operations include consumer banking; wealth management and private banking (offering through its Bank of Singapore subsidiary); small to midsize enterprise and business banking; corporate and institutional banking; and insurance through majority owned Great Eastern.

Oversea-Chinese Banking (STU:OCBA) Headlines

No Headlines