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Agricultural Bank of China (WBO:EK7) Cyclically Adjusted Revenue per Share : €0.17 (As of Mar. 2024)


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What is Agricultural Bank of China 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.

Agricultural Bank of China's adjusted revenue per share for the three months ended in Mar. 2024 was €0.064. 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 €0.17 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Agricultural Bank of China's average Cyclically Adjusted Revenue Growth Rate was 2.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.40% 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 Agricultural Bank of China was 3.80% per year. The lowest was 3.10% per year. And the median was 3.55% per year.

As of today (2024-06-06), Agricultural Bank of China's current stock price is €0.391. Agricultural Bank of China's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €0.17. Agricultural Bank of China's Cyclically Adjusted PS Ratio of today is 2.30.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Agricultural Bank of China was 2.93. The lowest was 1.50. And the median was 1.94.


Agricultural Bank of China Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Agricultural Bank of China'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.

Agricultural Bank of China Cyclically Adjusted Revenue per Share Chart

Agricultural Bank of China 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 0.18 0.16 0.19 0.20 0.18

Agricultural Bank of China 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 0.21 0.19 0.18 0.18 0.17

Competitive Comparison of Agricultural Bank of China's Cyclically Adjusted Revenue per Share

For the Banks - Diversified subindustry, Agricultural Bank of China'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.


Agricultural Bank of China's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



Agricultural Bank of China 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, Agricultural Bank of China'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)
=0.064/117.7354*117.7354
=0.064

Current CPI (Mar. 2024) = 117.7354.

Agricultural Bank of China Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.049 96.409 0.060
201409 0.050 97.948 0.060
201412 0.050 99.707 0.059
201503 0.065 99.927 0.077
201506 0.058 99.267 0.069
201509 0.057 99.927 0.067
201512 0.055 102.015 0.063
201603 0.056 102.785 0.064
201606 0.052 101.686 0.060
201609 0.051 102.565 0.059
201612 0.046 103.225 0.052
201703 0.058 103.335 0.066
201706 0.054 103.664 0.061
201709 0.052 103.994 0.059
201712 0.047 104.984 0.053
201803 0.058 105.973 0.064
201806 0.063 106.193 0.070
201809 0.058 106.852 0.064
201812 0.049 107.622 0.054
201903 0.063 108.172 0.069
201906 0.054 109.601 0.058
201909 0.056 110.260 0.060
201912 0.052 110.700 0.055
202003 0.068 110.920 0.072
202006 0.052 110.590 0.055
202009 0.053 107.512 0.058
202012 0.055 109.711 0.059
202103 0.068 111.579 0.072
202106 0.063 111.360 0.067
202109 0.059 109.051 0.064
202112 0.067 112.349 0.070
202203 0.075 113.558 0.078
202206 0.065 113.448 0.067
202209 0.065 113.778 0.067
202212 0.056 114.548 0.058
202303 0.072 115.427 0.073
202306 0.063 115.647 0.064
202309 0.052 116.087 0.053
202312 0.057 117.296 0.057
202403 0.064 117.735 0.064

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


Agricultural Bank of China  (WBO:EK7) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.391/0.17
=2.30

* 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 Agricultural Bank of China was 2.93. The lowest was 1.50. And the median was 1.94.


Be Aware

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


Agricultural Bank of China Cyclically Adjusted Revenue per Share Related Terms

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Agricultural Bank of China (WBO:EK7) Business Description

Industry
Address
50 Connaught Road, 25th Floor, Agricultural Bank of China Tower, Central, Hong Kong, HKG
As one of the big four banks, ABC is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates more than 20,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its own accounts or for its customers. Shareholders Central Huijin, China's state-owned investment company, and the Ministry of Finance own 37.15% and 32.47%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 41%, 53%, and 6% of total revenue in the first half of 2023, respectively. Rural banking and urban banking contributed 49% and 51% of total revenue during the same period.

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