NCB Financial Group (XJAM:NCBFG) Cyclically Adjusted Revenue per Share: JMD68.20 (As of Dec. 2025)

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XJAM:NCBFG NCB Financial Group Ltd XJAM:NCBFG
60 GF Score
Price JMD71.36
GF Value JMD39.51
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is NCB Financial Group Cyclically Adjusted Revenue per Share?

NCB Financial Group XJAM:NCBFG +0.78% 60 Cyclically Adjusted Revenue per Share is JMD68.20 as of Dec. 2025. GuruFocus rates XJAM:NCBFG with a GF Score™ of 60/100 and a GF Value™ of JMD39.51 (Significantly Overvalued). The stock has 7 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.

NCB Financial Group's adjusted revenue per share for the three months ended in Dec. 2025 was JMD15.430. 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 JMD68.20 for the trailing ten years ended in Dec. 2025.

During the past 12 months, NCB Financial Group's average Cyclically Adjusted Revenue Growth Rate was 8.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 13.00% 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 NCB Financial Group was 22.10% per year. The lowest was 13.00% per year. And the median was 17.55% per year.

As of today (2026-08-26), NCB Financial Group's current stock price is JMD71.36. NCB Financial Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was JMD68.20. NCB Financial Group's Cyclically Adjusted PS Ratio of today is 1.05.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of NCB Financial Group was 5.11. The lowest was 0.43. And the median was 1.19.


NCB Financial Group  (XJAM:NCBFG) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=71.36/68.20
=1.05

* 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 NCB Financial Group was 5.11. The lowest was 0.43. And the median was 1.19.


Be Aware

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


NCB Financial Group Cyclically Adjusted Revenue per Share Related Terms


NCB Financial Group Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for NCB Financial Group'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.

NCB Financial Group Cyclically Adjusted Revenue per Share Chart

NCB Financial Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.00 46.73 56.33 61.95 67.50

NCB Financial Group Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 63.16 64.56 65.91 67.50 68.20

XJAM:NCBFG vs FRHC, VOYA: Cyclically Adjusted Revenue per Share Comparison

For the Financial Conglomerates subindustry, NCB Financial Group'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.


NCB Financial Group Cyclically Adjusted PS Ratio vs Diversified Financial Services Industry

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

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


XJAM:NCBFG
60GF Score
NCB Financial Group Ltd XJAM:NCBFG
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NCB Financial Group 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, NCB Financial Group's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=15.43/324.0540*324.0540
=15.430

Current CPI (Dec. 2025) = 324.0540.

NCB Financial Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 5.221 238.132 7.105
201606 5.146 241.018 6.919
201609 5.374 241.428 7.213
201612 5.782 241.432 7.761
201703 6.085 243.801 8.088
201706 6.128 244.955 8.107
201709 6.103 246.819 8.013
201712 6.798 246.524 8.936
201803 7.757 249.554 10.073
201806 8.350 251.989 10.738
201809 5.995 252.439 7.696
201812 8.162 251.233 10.528
201903 7.449 254.202 9.496
201906 10.124 256.143 12.808
201909 13.886 256.759 17.525
201912 14.496 256.974 18.280
202003 18.851 258.115 23.667
202006 18.595 257.797 23.374
202009 -6.503 260.280 -8.096
202012 21.476 260.474 26.718
202103 19.743 264.877 24.154
202106 21.231 271.696 25.322
202109 24.652 274.310 29.122
202112 23.347 278.802 27.136
202203 24.349 287.504 27.444
202206 21.195 296.311 23.179
202209 46.072 296.808 50.301
202212 14.019 296.797 15.306
202303 13.168 301.836 14.137
202306 16.273 305.109 17.283
202309 54.726 307.789 57.618
202312 19.695 306.746 20.806
202403 15.460 312.332 16.040
202406 13.266 314.175 13.683
202409 16.639 315.301 17.101
202412 18.033 315.605 18.516
202503 11.941 319.799 12.100
202506 14.410 322.561 14.477
202509 17.944 324.800 17.903
202512 15.430 324.054 15.430

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 JMD68.20 mean?
NCB Financial Group (XJAM:NCBFG) has a Cyclically Adjusted Revenue per Share of JMD68.20 as of Dec. 2025. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on NCB Financial Group and its competitors.
Is NCB Financial Group's Cyclically Adjusted Revenue per Share too high?
NCB Financial Group's current Cyclically Adjusted Revenue per Share is JMD68.20. Overall, NCB Financial Group has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NCB Financial Group's Cyclically Adjusted Revenue per Share compare to FRHC and VOYA?
NCB Financial Group's Cyclically Adjusted Revenue per Share of JMD68.20 can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good Cyclically Adjusted Revenue per Share depends on the Diversified Financial Services 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 NCB Financial Group and its competitors. NCB Financial Group's current Cyclically Adjusted Revenue per Share is JMD68.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCB Financial Group stock overvalued right now?
Based on GuruFocus' analysis, NCB Financial Group (XJAM:NCBFG) is currently considered Significantly Overvalued. The stock's GF Value™ is JMD39.51, compared to a current price of JMD71.36 — trading 80.6% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is JMD68.20. NCB Financial Group's overall GF Score™ is 60/100 with 7 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 NCB Financial Group (XJAM:NCBFG), the current Cyclically Adjusted Revenue per Share is JMD68.20 as of Dec. 2025. 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 NCB Financial Group (XJAM:NCBFG) Overvalued in 2026?

Based on GuruFocus' analysis, NCB Financial Group stock appears to be overvalued. The current stock price of JMD71.36 is trading 80.6% above its estimated GF Value™ of JMD39.51. GuruFocus considers NCB Financial Group to be Significantly Overvalued.

Key valuation signals for XJAM:NCBFG:

  • Cyclically Adjusted Revenue per Share: JMD68.20
  • GF Value™: JMD39.51 vs. price of JMD71.36 (80.6% above fair value)
  • GF Score™: 60/100 with 7 warning signs

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


NCB Financial Group Business Description

Other Exchanges NCBFG:Trinidad and Tobago
Address 32 Trafalgar Road, The Atrium, Kingston, JAM, 10
NCB Financial Group Ltd provides financial services. Its segments comprise Banking and Investment Activities which includes Consumer & SME Banking, Corporate and Commerical Banking, Payment services, Treasury and Correspondent banking, Wealth, Asset management, and Investment Banking; And Insurance Activities Life and Health Insurance and pension Management, and General Insurance. Maximum revenue is from Life and Health Insurance and pension Management sector, with maximum profit from Jamaica and Trinidad and Tobago.
60GF Score

Get the complete analysis for XJAM:NCBFG

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

JMD71.36
Price
JMD39.51
GF Value