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ForteBank JSC (XKAZ:ASBN) Cyclically Adjusted Revenue per Share : ₸46.25 (As of Mar. 2024)


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What is ForteBank JSC 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.

ForteBank JSC's adjusted revenue per share for the three months ended in Mar. 2024 was ₸0.715. 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 ₸46.25 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ForteBank JSC's average Cyclically Adjusted Revenue Growth Rate was -3.60% 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.

As of today (2024-06-07), ForteBank JSC's current stock price is ₸6.06. ForteBank JSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₸46.25. ForteBank JSC's Cyclically Adjusted PS Ratio of today is 0.13.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of ForteBank JSC was 0.15. The lowest was 0.06. And the median was 0.08.


ForteBank JSC Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for ForteBank JSC'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.

ForteBank JSC Cyclically Adjusted Revenue per Share Chart

ForteBank JSC 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 - - - 48.45 45.34

ForteBank JSC 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 48.00 47.32 46.58 45.34 46.25

Competitive Comparison of ForteBank JSC's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, ForteBank JSC'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.


ForteBank JSC's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



ForteBank JSC 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, ForteBank JSC'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)
=0.715/131.7762*131.7762
=0.715

Current CPI (Mar. 2024) = 131.7762.

ForteBank JSC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.062 100.560 0.081
201409 341.106 100.428 447.582
201412 0.032 99.070 0.043
201503 0.108 99.621 0.143
201506 0.065 100.684 0.085
201509 0.328 100.392 0.431
201512 0.161 99.792 0.213
201603 0.144 100.470 0.189
201606 0.165 101.688 0.214
201609 0.147 101.861 0.190
201612 0.144 101.863 0.186
201703 0.135 102.862 0.173
201706 0.145 103.349 0.185
201709 0.164 104.136 0.208
201712 0.216 104.011 0.274
201803 0.157 105.290 0.196
201806 0.186 106.317 0.231
201809 0.206 106.507 0.255
201812 0.285 105.998 0.354
201903 0.228 107.251 0.280
201906 0.251 108.070 0.306
201909 0.467 108.329 0.568
201912 0.313 108.420 0.380
202003 0.550 108.902 0.666
202006 0.333 108.767 0.403
202009 0.399 109.815 0.479
202012 0.440 109.897 0.528
202103 0.359 111.754 0.423
202106 0.363 114.631 0.417
202109 0.406 115.734 0.462
202112 0.385 117.630 0.431
202203 0.467 121.301 0.507
202206 0.587 125.017 0.619
202209 0.583 125.227 0.613
202212 0.602 125.222 0.634
202303 0.620 127.348 0.642
202306 0.665 128.729 0.681
202309 0.703 129.860 0.713
202312 0.766 129.419 0.780
202403 0.715 131.776 0.715

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


ForteBank JSC  (XKAZ:ASBN) 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.

ForteBank JSC's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=6.06/46.25
=0.13

* 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 ForteBank JSC was 0.15. The lowest was 0.06. And the median was 0.08.


Be Aware

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


ForteBank JSC Cyclically Adjusted Revenue per Share Related Terms

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


ForteBank JSC (XKAZ:ASBN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ForteBank JSC (XKAZ:ASBN) » Definitions » Cyclically Adjusted Revenue per Share
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Address
Dostyk Street, 8/1, Astana, KAZ, 010017
ForteBank JSC is a commercial bank based in Kazakhstan. It is a result of the merger of OJSC Semipalatinsk Municipal Joint Stock Bank and OJSC Irtyshbusinessbank. ForteBank's core services involve the provision of banking services to individuals and corporates. Its customers can also avail insurance coverage for deposits, depending upon a number of deposits. The group's primary business is related to commercial banking activities, granting of loans and guarantees, accepting deposits, exchanging foreign currencies, dealing with securities, transferring cash payments, as well as providing other banking services.

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