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BCO Mercantil de Investimentos (BSP:BMIN3) Cyclically Adjusted PS Ratio : 2.98 (As of May. 15, 2024)


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What is BCO Mercantil de Investimentos Cyclically Adjusted PS Ratio?

As of today (2024-05-15), BCO Mercantil de Investimentos's current share price is R$20.01. BCO Mercantil de Investimentos's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$6.71. BCO Mercantil de Investimentos's Cyclically Adjusted PS Ratio for today is 2.98.

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

BSP:BMIN3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1   Med: 2.5   Max: 3.65
Current: 2.98

During the past years, BCO Mercantil de Investimentos's highest Cyclically Adjusted PS Ratio was 3.65. The lowest was 1.00. And the median was 2.50.

BSP:BMIN3's Cyclically Adjusted PS Ratio is ranked worse than
64.46% of 1193 companies
in the Banks industry
Industry Median: 2.42 vs BSP:BMIN3: 2.98

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.

BCO Mercantil de Investimentos's adjusted revenue per share data for the three months ended in Dec. 2023 was R$1.902. 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 R$6.71 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


BCO Mercantil de Investimentos Cyclically Adjusted PS Ratio Historical Data

The historical data trend for BCO Mercantil de Investimentos'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.

BCO Mercantil de Investimentos Cyclically Adjusted PS Ratio Chart

BCO Mercantil de Investimentos 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 1.11 1.39 3.15 2.96 2.98

BCO Mercantil de Investimentos 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 2.96 2.50 3.30 3.36 2.98

Competitive Comparison of BCO Mercantil de Investimentos's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, BCO Mercantil de Investimentos'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.


BCO Mercantil de Investimentos's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where BCO Mercantil de Investimentos's Cyclically Adjusted PS Ratio falls into.



BCO Mercantil de Investimentos 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.

BCO Mercantil de Investimentos's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=20.01/6.71
=2.98

* 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.

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

For example, BCO Mercantil de Investimentos'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)
=1.902/156.2729*156.2729
=1.902

Current CPI (Dec. 2023) = 156.2729.

BCO Mercantil de Investimentos Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.921 90.447 1.591
201406 0.880 91.838 1.497
201409 1.008 92.602 1.701
201412 1.173 94.194 1.946
201503 1.341 97.799 2.143
201506 1.251 100.006 1.955
201509 1.188 101.392 1.831
201512 1.085 104.247 1.626
201603 1.826 106.979 2.667
201606 0.920 108.851 1.321
201609 0.994 109.986 1.412
201612 0.950 110.802 1.340
201703 0.864 111.869 1.207
201706 2.970 112.115 4.140
201709 1.242 112.777 1.721
201712 1.300 114.068 1.781
201803 1.246 114.868 1.695
201806 1.339 117.038 1.788
201809 0.856 117.881 1.135
201812 0.870 118.340 1.149
201903 0.602 120.124 0.783
201906 0.738 120.977 0.953
201909 1.050 121.292 1.353
201912 0.984 123.436 1.246
202003 0.733 124.092 0.923
202006 0.608 123.557 0.769
202009 0.707 125.095 0.883
202012 0.996 129.012 1.206
202103 0.551 131.660 0.654
202106 1.023 133.871 1.194
202109 0.904 137.913 1.024
202112 2.332 141.992 2.567
202203 2.114 146.537 2.254
202206 2.527 149.784 2.636
202209 2.445 147.800 2.585
202212 2.051 150.207 2.134
202303 1.799 153.352 1.833
202306 2.202 154.519 2.227
202309 2.266 155.464 2.278
202312 1.902 156.273 1.902

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.


BCO Mercantil de Investimentos  (BSP:BMIN3) 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.


BCO Mercantil de Investimentos Cyclically Adjusted PS Ratio Related Terms

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


BCO Mercantil de Investimentos (BSP:BMIN3) Business Description

Traded in Other Exchanges
Address
Rua Rio de Janeiro 654, 6 Andar, Belo Horizonte, MG, BRA, 30160912
BCO Mercantil de Investimentos SA provides capital financing for productive activities in short, medium and long term projects. It operates as a subsidiary of Banco Mercantil do Brasil S.A.

BCO Mercantil de Investimentos (BSP:BMIN3) Headlines

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