WSBF (Waterstone Financial) Cyclically Adjusted Revenue per Share: $9.24 (As of Mar. 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.

WSBF Waterstone Financial Inc WSBF
55 GF Score
Price $19.77
GF Value $16.89
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Waterstone Financial Cyclically Adjusted Revenue per Share?

Waterstone Financial WSBF -0.20% 55 Cyclically Adjusted Revenue per Share is $9.24 as of Mar. 2026. GuruFocus rates WSBF with a GF Score™ of 55/100 and a GF Value™ of $16.89 (Modestly Overvalued). The stock has 6 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.

Waterstone Financial's adjusted revenue per share for the three months ended in Mar. 2026 was $1.989. 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 $9.24 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Waterstone Financial's average Cyclically Adjusted Revenue Growth Rate was 4.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 8.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 12.90% 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 Waterstone Financial was 17.40% per year. The lowest was 4.90% per year. And the median was 14.70% per year.

As of today (2026-07-14), Waterstone Financial's current stock price is $19.77. Waterstone Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $9.24. Waterstone Financial's Cyclically Adjusted PS Ratio of today is 2.14.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Waterstone Financial was 5.93. The lowest was 1.21. And the median was 2.92.


Waterstone Financial  (NAS:WSBF) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=19.77/9.24
=2.14

* 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 Waterstone Financial was 5.93. The lowest was 1.21. And the median was 2.92.


Be Aware

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


Waterstone Financial Cyclically Adjusted Revenue per Share Related Terms


Waterstone Financial Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Waterstone 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.

Waterstone Financial Cyclically Adjusted Revenue per Share Chart

Waterstone 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 7.14 7.82 8.23 8.68 9.03

Waterstone Financial Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 8.82 8.92 9.00 9.03 9.24

WSBF vs USCB, MVBF, RVRF: Cyclically Adjusted Revenue per Share Comparison

For the Banks - Regional subindustry, Waterstone 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.


Waterstone Financial Cyclically Adjusted PS Ratio vs Banks Industry

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

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


WSBF
55GF Score
Waterstone Financial Inc WSBF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.989/330.2130*330.2130
=1.989

Current CPI (Mar. 2026) = 330.2130.

Waterstone Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.710 241.018 2.343
201609 1.777 241.428 2.430
201612 1.456 241.432 1.991
201703 1.358 243.801 1.839
201706 1.779 244.955 2.398
201709 1.649 246.819 2.206
201712 1.382 246.524 1.851
201803 1.343 249.554 1.777
201806 1.663 251.989 2.179
201809 1.701 252.439 2.225
201812 1.412 251.233 1.856
201903 1.362 254.202 1.769
201906 1.791 256.143 2.309
201909 1.918 256.759 2.467
201912 1.785 256.974 2.294
202003 1.676 258.115 2.144
202006 3.221 257.797 4.126
202009 3.603 260.280 4.571
202012 3.480 260.474 4.412
202103 2.873 264.877 3.582
202106 2.710 271.696 3.294
202109 2.751 274.310 3.312
202112 2.283 278.802 2.704
202203 1.727 287.504 1.984
202206 1.988 296.311 2.215
202209 1.943 296.808 2.162
202212 1.502 296.797 1.671
202303 1.493 301.836 1.633
202306 1.726 305.109 1.868
202309 1.673 307.789 1.795
202312 1.439 306.746 1.549
202403 1.646 312.332 1.740
202406 1.956 314.175 2.056
202409 1.809 315.301 1.895
202412 1.710 315.605 1.789
202503 1.573 319.799 1.624
202506 2.067 322.561 2.116
202509 2.057 324.800 2.091
202512 2.090 324.054 2.130
202603 1.989 330.213 1.989

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 $9.24 mean?
Waterstone Financial (WSBF) has a Cyclically Adjusted Revenue per Share of $9.24 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Waterstone Financial and its competitors.
Is Waterstone Financial's Cyclically Adjusted Revenue per Share too high?
Waterstone Financial's current Cyclically Adjusted Revenue per Share is $9.24. Overall, Waterstone Financial has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Waterstone Financial's Cyclically Adjusted Revenue per Share compare to USCB and MVBF?
Waterstone Financial's Cyclically Adjusted Revenue per Share of $9.24 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 Waterstone Financial and its competitors. Waterstone Financial's current Cyclically Adjusted Revenue per Share is $9.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waterstone Financial stock overvalued right now?
Based on GuruFocus' analysis, Waterstone Financial (WSBF) is currently considered Modestly Overvalued. The stock's GF Value™ is $16.89, compared to a current price of $19.77 — trading 17.1% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is $9.24. Waterstone Financial's overall GF Score™ is 55/100 with 6 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 Waterstone Financial (WSBF), the current Cyclically Adjusted Revenue per Share is $9.24 as of Mar. 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 Waterstone Financial (WSBF) Overvalued in 2026?

Based on GuruFocus' analysis, Waterstone Financial stock appears to be overvalued. The current stock price of $19.77 is trading 17.1% above its estimated GF Value™ of $16.89. GuruFocus considers Waterstone Financial to be Modestly Overvalued.

Key valuation signals for WSBF:

  • Cyclically Adjusted Revenue per Share: $9.24
  • GF Value™: $16.89 vs. price of $19.77 (17.1% above fair value)
  • GF Score™: 55/100 with 6 warning signs

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


Waterstone Financial Business Description

Other Exchanges 47Z:Germany
Address 11200 West Plank Court, Wauwatosa, WI, USA, 53226
Waterstone Financial Inc is a holding company. Through its subsidiaries, it operates in two reportable segments: Community Banking and Mortgage Banking. The Community Banking segment provides consumer and business banking products and services to customers, which include various types of loans, deposits, and personal investment services. The Mortgage Banking segment involves residential mortgage loans for the primary purpose of sale in the secondary market. The majority of its revenue comes from the Community Banking segment.
55GF Score

Get the complete analysis for WSBF

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

$19.77
Price
$16.89
GF Value