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United Bankshares (STU:UNK) Cyclically Adjusted Revenue per Share : €7.87 (As of Mar. 2024)


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What is United Bankshares 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.

United Bankshares's adjusted revenue per share for the three months ended in Mar. 2024 was €1.724. 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 €7.87 for the trailing ten years ended in Mar. 2024.

During the past 12 months, United Bankshares's average Cyclically Adjusted Revenue Growth Rate was 2.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 1.50% 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 United Bankshares was 5.80% per year. The lowest was -0.20% per year. And the median was 3.00% per year.

As of today (2024-06-19), United Bankshares's current stock price is €29.20. United Bankshares's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €7.87. United Bankshares's Cyclically Adjusted PS Ratio of today is 3.71.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of United Bankshares was 6.72. The lowest was 2.83. And the median was 4.71.


United Bankshares Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for United Bankshares'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.

United Bankshares Cyclically Adjusted Revenue per Share Chart

United Bankshares 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 - - - - 7.81

United Bankshares 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 7.82 7.96 7.99 7.81 7.87

Competitive Comparison of United Bankshares's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, United Bankshares'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.


United Bankshares's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



United Bankshares 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, United Bankshares'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)
=1.724/131.7762*131.7762
=1.724

Current CPI (Mar. 2024) = 131.7762.

United Bankshares Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.198 100.560 1.570
201409 1.252 100.428 1.643
201412 1.398 99.070 1.860
201503 1.497 99.621 1.980
201506 1.473 100.684 1.928
201509 1.454 100.392 1.909
201512 1.512 99.792 1.997
201603 1.472 100.470 1.931
201606 1.490 101.688 1.931
201609 1.507 101.861 1.950
201612 1.587 101.863 2.053
201703 1.464 102.862 1.876
201706 1.575 103.349 2.008
201709 1.502 104.136 1.901
201712 1.503 104.011 1.904
201803 1.348 105.290 1.687
201806 1.506 106.317 1.867
201809 1.484 106.507 1.836
201812 1.474 105.998 1.832
201903 1.515 107.251 1.861
201906 1.646 108.070 2.007
201909 1.639 108.329 1.994
201912 1.578 108.420 1.918
202003 1.586 108.902 1.919
202006 1.897 108.767 2.298
202009 2.067 109.815 2.480
202012 1.778 109.897 2.132
202103 1.825 111.754 2.152
202106 1.579 114.631 1.815
202109 1.625 115.734 1.850
202112 1.584 117.630 1.774
202203 1.567 121.301 1.702
202206 1.801 125.017 1.898
202209 2.033 125.227 2.139
202212 1.940 125.222 2.042
202303 1.834 127.348 1.898
202306 1.782 128.729 1.824
202309 1.809 129.860 1.836
202312 1.782 129.419 1.814
202403 1.724 131.776 1.724

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


United Bankshares  (STU:UNK) 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.

United Bankshares's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=29.20/7.87
=3.71

* 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 United Bankshares was 6.72. The lowest was 2.83. And the median was 4.71.


Be Aware

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


United Bankshares Cyclically Adjusted Revenue per Share Related Terms

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


United Bankshares (STU:UNK) Business Description

Industry
Traded in Other Exchanges
Address
500 Virginia Street, 300 United Center, East Charleston, Charleston, WV, USA, 25301
United Bankshares Inc is a financial holding company that provides banking services. The company operates in two segments: Community banking, which accepts deposits, makes loans (for personal, credit card, commercial, and construction uses), provides brokerage services, safe deposit boxes, and related services; and Mortgage banking, which offers and acquires home mortgages through an indirectly owned subsidiary. Nearly all revenue comes from the community banking segment.

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