THFF (First Financial) Cyclically Adjusted Revenue per Share: $18.60 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

THFF First Financial Corp THFF
63 GF Score
Price $78.42
GF Value $62.76
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is First Financial Cyclically Adjusted Revenue per Share?

First Financial THFF -0.78% 63 Cyclically Adjusted Revenue per Share is $18.60 as of Jun. 2026. GuruFocus rates THFF with a GF Score™ of 63/100 and a GF Value™ of $62.76 (Modestly Overvalued). The stock has 8 warning signs investors should review.

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.

First Financial's adjusted revenue per share for the three months ended in Jun. 2026 was $6.043. 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 $18.60 for the trailing ten years ended in Jun. 2026.

During the past 12 months, First Financial's average Cyclically Adjusted Revenue Growth Rate was 7.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.50% 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 First Financial was 7.50% per year. The lowest was 2.30% per year. And the median was 4.90% per year.

As of today (2026-08-21), First Financial's current stock price is $78.42. First Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $18.60. First Financial's Cyclically Adjusted PS Ratio of today is 4.22.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of First Financial was 4.81. The lowest was 2.01. And the median was 3.26.


First Financial  (NAS:THFF) 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.

First Financial's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=78.42/18.60
=4.22

* 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 First Financial was 4.81. The lowest was 2.01. And the median was 3.26.


Be Aware

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


First Financial Cyclically Adjusted Revenue per Share Related Terms


First Financial Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for First Financial'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.

First Financial Cyclically Adjusted Revenue per Share Chart

First Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.85 15.04 15.85 16.66 17.80

First Financial Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 17.34 17.62 17.80 18.18 18.60

THFF vs CAC, FCBC, SBNC: Cyclically Adjusted Revenue per Share Comparison

For the Banks - Regional subindustry, First Financial'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.


First Financial Cyclically Adjusted PS Ratio vs Banks Industry

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

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


THFF
63GF Score
First Financial Corp THFF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Financial 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, First Financial's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=6.043/333.9520*333.9520
=6.043

Current CPI (Jun. 2026) = 333.9520.

First Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.813 241.428 3.891
201612 2.855 241.432 3.949
201703 3.074 243.801 4.211
201706 2.836 244.955 3.866
201709 2.916 246.819 3.945
201712 2.935 246.524 3.976
201803 2.905 249.554 3.887
201806 3.561 251.989 4.719
201809 3.079 252.439 4.073
201812 3.084 251.233 4.099
201903 3.018 254.202 3.965
201906 3.214 256.143 4.190
201909 3.329 256.759 4.330
201912 3.625 256.974 4.711
202003 3.307 258.115 4.279
202006 3.257 257.797 4.219
202009 3.520 260.280 4.516
202012 3.683 260.474 4.722
202103 3.267 264.877 4.119
202106 3.471 271.696 4.266
202109 3.619 274.310 4.406
202112 3.719 278.802 4.455
202203 4.111 287.504 4.775
202206 4.143 296.311 4.669
202209 4.593 296.808 5.168
202212 4.506 296.797 5.070
202303 4.454 301.836 4.928
202306 4.379 305.109 4.793
202309 4.435 307.789 4.812
202312 4.320 306.746 4.703
202403 4.097 312.332 4.381
202406 4.164 314.175 4.426
202409 4.945 315.301 5.238
202412 5.229 315.605 5.533
202503 5.277 319.799 5.511
202506 5.320 322.561 5.508
202509 5.548 324.800 5.704
202512 5.947 324.054 6.129
202603 5.734 330.213 5.799
202606 6.043 333.952 6.043

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

What does a Cyclically Adjusted Revenue per Share of $18.60 mean?
First Financial (THFF) has a Cyclically Adjusted Revenue per Share of $18.60 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on First Financial and its competitors.
Is First Financial's Cyclically Adjusted Revenue per Share too high?
First Financial's current Cyclically Adjusted Revenue per Share is $18.60. Overall, First Financial has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Financial's Cyclically Adjusted Revenue per Share compare to CAC and FCBC?
First Financial's Cyclically Adjusted Revenue per Share of $18.60 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Banks company?
A good Cyclically Adjusted Revenue per Share depends on the Banks industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on First Financial and its competitors. First Financial's current Cyclically Adjusted Revenue per Share is $18.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Financial stock overvalued right now?
Based on GuruFocus' analysis, First Financial (THFF) is currently considered Modestly Overvalued. The stock's GF Value™ is $62.76, compared to a current price of $78.42 — trading 25% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is $18.60. First Financial's overall GF Score™ is 63/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For First Financial (THFF), the current Cyclically Adjusted Revenue per Share is $18.60 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Financial (THFF) Overvalued in 2026?

Based on GuruFocus' analysis, First Financial stock appears to be overvalued. The current stock price of $78.42 is trading 25% above its estimated GF Value™ of $62.76. GuruFocus considers First Financial to be Modestly Overvalued.

Key valuation signals for THFF:

  • Cyclically Adjusted Revenue per Share: $18.60
  • GF Value™: $62.76 vs. price of $78.42 (25% above fair value)
  • GF Score™: 63/100 with 8 warning signs

No single metric tells the full story. See the THFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Financial Business Description

Address One First Financial Plaza, Terre Haute, IN, USA, 47807
First Financial Corp operates as a financial holding company, which is engaged in the provision of financial services in the United States. The company offers a wide variety of financial services including commercial, mortgage, and consumer lending, lease financing, trust account services, depositor services and insurance services, through its subsidiaries. Its primary source of revenue is derived from loans to customers and investment activities. Company's loan portfolio was diversified in Commercial, Residential and consumer domains.
63GF Score

Get the complete analysis for THFF

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$78.42
Price
$62.76
GF Value