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Wells Fargo (XTER:NWT) Cyclically Adjusted Revenue per Share : €19.62 (As of Dec. 2023)


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What is Wells Fargo 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.

Wells Fargo's adjusted revenue per share for the three months ended in Dec. 2023 was €5.135. 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 €19.62 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Wells Fargo's average Cyclically Adjusted Revenue Growth Rate was 4.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 3.80% 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 Wells Fargo was 18.30% per year. The lowest was 1.60% per year. And the median was 6.40% per year.

As of today (2024-05-01), Wells Fargo's current stock price is €55.85. Wells Fargo's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €19.62. Wells Fargo's Cyclically Adjusted PS Ratio of today is 2.85.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Wells Fargo was 3.82. The lowest was 1.19. And the median was 2.89.


Wells Fargo Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Wells Fargo'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.

Wells Fargo Cyclically Adjusted Revenue per Share Chart

Wells Fargo 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 16.12 14.54 17.37 19.30 19.62

Wells Fargo 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 19.40 19.56 20.57 19.62 -

Competitive Comparison of Wells Fargo's Cyclically Adjusted Revenue per Share

For the Banks - Diversified subindustry, Wells Fargo'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.


Wells Fargo's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



Wells Fargo 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, Wells Fargo's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=5.135/129.4194*129.4194
=5.135

Current CPI (Dec. 2023) = 129.4194.

Wells Fargo Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.671 99.695 3.467
201406 2.836 100.560 3.650
201409 2.996 100.428 3.861
201412 3.236 99.070 4.227
201503 3.684 99.621 4.786
201506 3.550 100.684 4.563
201509 3.595 100.392 4.634
201512 3.752 99.792 4.866
201603 3.835 100.470 4.940
201606 3.821 101.688 4.863
201609 3.880 101.861 4.930
201612 4.136 101.863 5.255
201703 4.104 102.862 5.164
201706 3.928 103.349 4.919
201709 3.669 104.136 4.560
201712 3.754 104.011 4.671
201803 3.608 105.290 4.435
201806 3.765 106.317 4.583
201809 3.899 106.507 4.738
201812 3.925 105.998 4.792
201903 4.172 107.251 5.034
201906 4.250 108.070 5.090
201909 4.553 108.329 5.439
201912 4.599 108.420 5.490
202003 3.877 108.902 4.607
202006 3.955 108.767 4.706
202009 3.969 109.815 4.678
202012 3.616 109.897 4.258
202103 3.732 111.754 4.322
202106 4.048 114.631 4.570
202109 3.914 115.734 4.377
202112 4.806 117.630 5.288
202203 4.161 121.301 4.439
202206 4.220 125.017 4.369
202209 5.166 125.227 5.339
202212 4.935 125.222 5.100
202303 5.070 127.348 5.152
202306 5.088 128.729 5.115
202309 5.310 129.860 5.292
202312 5.135 129.419 5.135

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


Wells Fargo  (XTER:NWT) 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.

Wells Fargo's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=55.85/19.62
=2.85

* 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 Wells Fargo was 3.82. The lowest was 1.19. And the median was 2.89.


Be Aware

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


Wells Fargo Cyclically Adjusted Revenue per Share Related Terms

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


Wells Fargo (XTER:NWT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Wells Fargo & Co (XTER:NWT) » Definitions » Cyclically Adjusted Revenue per Share
Address
420 Montgomery Street, San Francisco, CA, USA, 94104
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.

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