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Banner (Banner) Cyclically Adjusted PS Ratio : 2.50 (As of Apr. 27, 2024)


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What is Banner Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Banner's current share price is $45.36. Banner's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $18.13. Banner's Cyclically Adjusted PS Ratio for today is 2.50.

The historical rank and industry rank for Banner's Cyclically Adjusted PS Ratio or its related term are showing as below:

BANR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.48   Med: 2.16   Max: 4.33
Current: 2.5

During the past years, Banner's highest Cyclically Adjusted PS Ratio was 4.33. The lowest was 0.48. And the median was 2.16.

BANR's Cyclically Adjusted PS Ratio is ranked worse than
54.14% of 1184 companies
in the Banks industry
Industry Median: 2.38 vs BANR: 2.50

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.

Banner's adjusted revenue per share data for the three months ended in Dec. 2023 was $4.357. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $18.13 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banner Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Banner's Cyclically Adjusted PS Ratio 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.

Banner Cyclically Adjusted PS Ratio Chart

Banner Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.44 3.24 3.87 3.68 2.96

Banner Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PS Ratio 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 3.68 3.09 2.45 2.34 2.96

Competitive Comparison of Banner's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Banner'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.


Banner's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



Banner Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Banner's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=45.36/18.13
=2.50

* 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.

Banner's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Banner'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)
=4.357/129.4194*129.4194
=4.357

Current CPI (Dec. 2023) = 129.4194.

Banner Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.630 99.695 3.414
201406 2.863 100.560 3.685
201409 3.121 100.428 4.022
201412 3.024 99.070 3.950
201503 3.026 99.621 3.931
201506 3.254 100.684 4.183
201509 3.163 100.392 4.078
201512 3.199 99.792 4.149
201603 3.239 100.470 4.172
201606 3.315 101.688 4.219
201609 3.408 101.861 4.330
201612 3.501 101.863 4.448
201703 3.479 102.862 4.377
201706 3.660 103.349 4.583
201709 3.599 104.136 4.473
201712 3.482 104.011 4.333
201803 3.723 105.290 4.576
201806 3.937 106.317 4.793
201809 4.017 106.507 4.881
201812 4.049 105.998 4.944
201903 3.841 107.251 4.635
201906 4.092 108.070 4.900
201909 4.089 108.329 4.885
201912 4.075 108.420 4.864
202003 3.928 108.902 4.668
202006 4.380 108.767 5.212
202009 4.353 109.815 5.130
202012 4.232 109.897 4.984
202103 4.173 111.754 4.833
202106 4.399 114.631 4.966
202109 4.546 115.734 5.084
202112 4.290 117.630 4.720
202203 4.030 121.301 4.300
202206 4.352 125.017 4.505
202209 4.722 125.227 4.880
202212 5.006 125.222 5.174
202303 4.684 127.348 4.760
202306 4.380 128.729 4.404
202309 4.466 129.860 4.451
202312 4.357 129.419 4.357

Add all the adjusted revenue per share together and divide 10 will get our 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.


Banner  (NAS:BANR) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Banner Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Banner's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Banner (Banner) Business Description

Industry
Traded in Other Exchanges
N/A
Address
10 South First Avenue, Walla Walla, WA, USA, 99362
Banner Corp is a bank holding company. It wholly owns one subsidiary bank, Banner Bank. The Bank's primary business is that of traditional banking institutions, accepting deposits and originating loans in locations surrounding its offices in Washington, Oregon, California and Idaho. Banner Bank also actively participates in the secondary mortgage market. A significant portion of the banks' portfolio is in residential construction and land loans to professional home builders and developers. Most of its revenue is net interest income.
Executives
Mclean James P.g. officer: Executive Vice President 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Karen Harrison officer: Executive VP, Banner Bank 10 S. FIRST AVENUE, WALLA WALLA WA 99362
Roberto R Herencia director P.O. BOX 9146, SAN JUAN PR 00908
John Clarence Pedersen director 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Kevin F Riordan director 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Robert Butterfield officer: Executive VP 10 S. FIRST AVENUE, WALLA WALLA WA 99362
Kenneth William Johnson officer: Executive VP, Banner Bank 235 E. MAIN STREET, MIDLAND MI 48640
Margot Copeland director 10 S. FIRST AVENUE, WALLA WALLA WA 99362
Paul J. Walsh director 10 S. FIRST AVENUE, WALLA WALLA WA 99362
David I Matson director C/O UNIONBANCAL CORP, 400 CALIFORNIA STREET, SAN FRANCISCO CA 94104
James M Costa officer: Executive VP, Banner Bank 200 LAKE STREET EAST, WAYZATA MN 55391-1693
Sherrey Luetjen officer: Executive VP 10 S. FIRST AVENUE, WALLA WALLA WA 99362
Peter Conner officer: Executive VP, Banner Bank 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Steven W Rust officer: Executive Vice President 10 SOUTH 1ST AVENUE, WALLA WALLA WA 99362
Ellen Rm Boyer director 111 NORTH WALL STREET, SPOKANE WA 99201