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Banco Alfa de Investimento (BSP:BRIV4) Cyclically Adjusted PS Ratio : 2.26 (As of Apr. 28, 2024)


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What is Banco Alfa de Investimento Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Banco Alfa de Investimento's current share price is R$12.54. Banco Alfa de Investimento's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$5.55. Banco Alfa de Investimento's Cyclically Adjusted PS Ratio for today is 2.26.

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

BSP:BRIV4' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.83   Med: 1.59   Max: 2.4
Current: 2.3

During the past years, Banco Alfa de Investimento's highest Cyclically Adjusted PS Ratio was 2.40. The lowest was 0.83. And the median was 1.59.

BSP:BRIV4's Cyclically Adjusted PS Ratio is ranked better than
53.12% of 1184 companies
in the Banks industry
Industry Median: 2.38 vs BSP:BRIV4: 2.30

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.

Banco Alfa de Investimento's adjusted revenue per share data for the three months ended in Dec. 2023 was R$1.581. 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$5.55 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Banco Alfa de Investimento Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Banco Alfa de Investimento'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.

Banco Alfa de Investimento Cyclically Adjusted PS Ratio Chart

Banco Alfa de Investimento 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 1.56 1.66 1.33 1.61 1.94

Banco Alfa de Investimento 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 1.61 1.61 1.71 1.94 1.94

Competitive Comparison of Banco Alfa de Investimento's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Banco Alfa de Investimento'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.


Banco Alfa de Investimento's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Banco Alfa de Investimento's Cyclically Adjusted PS Ratio falls into.



Banco Alfa de Investimento 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.

Banco Alfa de Investimento's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.54/5.55
=2.26

* 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.

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

For example, Banco Alfa de Investimento'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)
=1.581/156.2729*156.2729
=1.581

Current CPI (Dec. 2023) = 156.2729.

Banco Alfa de Investimento Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.006 90.447 1.738
201406 1.074 91.838 1.828
201409 1.070 92.602 1.806
201412 2.566 94.194 4.257
201503 1.232 97.799 1.969
201506 1.149 100.006 1.795
201509 1.272 101.392 1.960
201512 1.087 104.247 1.629
201603 0.895 106.979 1.307
201606 0.716 108.851 1.028
201609 1.172 109.986 1.665
201612 -0.162 110.802 -0.228
201703 0.817 111.869 1.141
201706 0.573 112.115 0.799
201709 1.057 112.777 1.465
201712 0.068 114.068 0.093
201803 0.604 114.868 0.822
201806 0.537 117.038 0.717
201809 0.552 117.881 0.732
201812 0.526 118.340 0.695
201903 0.677 120.124 0.881
201906 0.851 120.977 1.099
201909 0.610 121.292 0.786
201912 1.187 123.436 1.503
202003 0.552 124.092 0.695
202006 0.796 123.557 1.007
202009 1.072 125.095 1.339
202012 0.844 129.012 1.022
202103 0.974 131.660 1.156
202106 1.255 133.871 1.465
202109 1.046 137.913 1.185
202112 2.904 141.992 3.196
202203 1.398 146.537 1.491
202206 1.836 149.784 1.916
202209 1.724 147.800 1.823
202212 1.946 150.207 2.025
202303 1.434 153.352 1.461
202306 1.480 154.519 1.497
202309 1.464 155.464 1.472
202312 1.581 156.273 1.581

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.


Banco Alfa de Investimento  (BSP:BRIV4) 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.


Banco Alfa de Investimento Cyclically Adjusted PS Ratio Related Terms

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


Banco Alfa de Investimento (BSP:BRIV4) Business Description

Traded in Other Exchanges
Address
Alameda Santos, 466, Ground Floor, Cerqueira Cesar, Sao Paulo, SP, BRA, 01418-000
Banco Alfa de Investimento SA and its subsidiaries offer financial services regarding credit facilities, treasury, and management of third-party resources. It also holds investments in non-financial areas.

Banco Alfa de Investimento (BSP:BRIV4) Headlines

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