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Fulton Financial (Fulton Financial) Cyclically Adjusted PS Ratio : 2.70 (As of Apr. 28, 2024)


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What is Fulton Financial Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Fulton Financial's current share price is $15.62. Fulton Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $5.79. Fulton Financial's Cyclically Adjusted PS Ratio for today is 2.70.

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

FULT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.78   Med: 3.25   Max: 4.74
Current: 2.7

During the past years, Fulton Financial's highest Cyclically Adjusted PS Ratio was 4.74. The lowest was 1.78. And the median was 3.25.

FULT's Cyclically Adjusted PS Ratio is ranked worse than
59.46% of 1184 companies
in the Banks industry
Industry Median: 2.38 vs FULT: 2.70

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.

Fulton Financial's adjusted revenue per share data for the three months ended in Dec. 2023 was $1.639. 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 $5.79 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fulton Financial Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Fulton Financial'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.

Fulton Financial Cyclically Adjusted PS Ratio Chart

Fulton Financial 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 3.94 2.80 3.41 3.10 2.84

Fulton Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.48 2.10 2.10 2.84 -

Competitive Comparison of Fulton Financial's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Fulton Financial'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.


Fulton Financial's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



Fulton Financial 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.

Fulton Financial's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.62/5.79
=2.70

* 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.

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

For example, Fulton Financial'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)
=1.639/129.4194*129.4194
=1.639

Current CPI (Dec. 2023) = 129.4194.

Fulton Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.882 99.695 1.145
201406 0.913 100.560 1.175
201409 0.916 100.428 1.180
201412 0.934 99.070 1.220
201503 0.938 99.621 1.219
201506 0.954 100.684 1.226
201509 0.972 100.392 1.253
201512 0.993 99.792 1.288
201603 0.987 100.470 1.271
201606 1.004 101.688 1.278
201609 1.027 101.861 1.305
201612 1.058 101.863 1.344
201703 1.049 102.862 1.320
201706 1.105 103.349 1.384
201709 1.128 104.136 1.402
201712 1.141 104.011 1.420
201803 1.117 105.290 1.373
201806 1.160 106.317 1.412
201809 1.192 106.507 1.448
201812 1.210 105.998 1.477
201903 1.229 107.251 1.483
201906 1.294 108.070 1.550
201909 1.331 108.329 1.590
201912 1.300 108.420 1.552
202003 1.310 108.902 1.557
202006 1.286 108.767 1.530
202009 1.337 109.815 1.576
202012 1.331 109.897 1.567
202103 1.379 111.754 1.597
202106 1.308 114.631 1.477
202109 1.431 115.734 1.600
202112 1.623 117.630 1.786
202203 1.338 121.301 1.428
202206 1.464 125.017 1.516
202209 1.628 125.227 1.683
202212 1.657 125.222 1.713
202303 1.588 127.348 1.614
202306 1.635 128.729 1.644
202309 1.625 129.860 1.619
202312 1.639 129.419 1.639

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.


Fulton Financial  (NAS:FULT) 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.


Fulton Financial Cyclically Adjusted PS Ratio Related Terms

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


Fulton Financial (Fulton Financial) Business Description

Traded in Other Exchanges
Address
One Penn Square, P.O Box 4887, Lancaster, PA, USA, 17602
Fulton Financial is a U.S.-based financial services holding company that operates in five states: Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It offers a range of consumer and commercial banking products and services, such as checking and savings deposit products and loan products. Its services cover five distinct divisions: consumer banking, commercial banking, mortgage banking, wealth management, and other. The bank derives its revenue from non-interest income, led by its Wealth Management division.
Executives
E Philip Wenger officer: Sr. Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Karthik Sridharan officer: Sr Executive Vice President 110 WEST FRONT STREET, RED BANK NJ 07701
Curtis J Myers officer: Sr. Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Mark R Mccollom officer: Sr. Executive Vice President 1130 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
David M Campbell officer: Sr Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Meg R Mueller officer: SEVP & Chief Credit Officer C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Andrew B Fiol officer: Sr Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
George K Martin director C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Moxley James R Iii director 10480 LITTLE PATUXENT PARKWAY, COLUMBIA MD 21044
Angela M Sargent officer: SEVP & Chief Info Office C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Steven S Etter director C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Angela M Snyder officer: Sr Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Antoinette M Pergolin director C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Natasha R. Luddington officer: Sr. Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Daniel R Stolzer officer: Sr Executive Vice President C/O CODORUS VALLEY BANCORP INC, 105 LEADER HEIGHTS ROAD, YORK PA 17403