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Julius Baer Gruppe AG (XSWX:BAER) Cyclically Adjusted PS Ratio : 3.02 (As of Apr. 27, 2024)


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What is Julius Baer Gruppe AG Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Julius Baer Gruppe AG's current share price is CHF49.11. Julius Baer Gruppe AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was CHF16.25. Julius Baer Gruppe AG's Cyclically Adjusted PS Ratio for today is 3.02.

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

XSWX:BAER' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.37   Med: 4.07   Max: 6.23
Current: 2.97

During the past 13 years, Julius Baer Gruppe AG's highest Cyclically Adjusted PS Ratio was 6.23. The lowest was 2.37. And the median was 4.07.

XSWX:BAER's Cyclically Adjusted PS Ratio is ranked better than
74.2% of 876 companies
in the Asset Management industry
Industry Median: 7.44 vs XSWX:BAER: 2.97

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.

Julius Baer Gruppe AG's adjusted revenue per share data of for the fiscal year that ended in Dec23 was CHF18.806. 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 CHF16.25 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Julius Baer Gruppe AG Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Julius Baer Gruppe AG'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.

Julius Baer Gruppe AG Cyclically Adjusted PS Ratio Chart

Julius Baer Gruppe AG 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 4.19 4.03 4.43 3.55 2.90

Julius Baer Gruppe AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 4.43 - 3.55 - 2.90

Competitive Comparison of Julius Baer Gruppe AG's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Julius Baer Gruppe AG'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.


Julius Baer Gruppe AG's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Julius Baer Gruppe AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Julius Baer Gruppe AG's Cyclically Adjusted PS Ratio falls into.



Julius Baer Gruppe AG 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.

Julius Baer Gruppe AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=49.11/16.25
=3.02

* 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.

Julius Baer Gruppe AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Julius Baer Gruppe AG's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=18.806/106.4611*106.4611
=18.806

Current CPI (Dec23) = 106.4611.

Julius Baer Gruppe AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 11.548 100.704 12.208
201512 12.301 99.386 13.177
201612 12.939 99.380 13.861
201712 14.986 100.213 15.920
201812 15.468 100.906 16.320
201912 15.630 101.063 16.465
202012 16.842 100.241 17.887
202112 18.064 101.776 18.896
202212 18.595 104.666 18.914
202312 18.806 106.461 18.806

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.


Julius Baer Gruppe AG  (XSWX:BAER) 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.


Julius Baer Gruppe AG Cyclically Adjusted PS Ratio Related Terms

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Julius Baer Gruppe AG (XSWX:BAER) Business Description

Traded in Other Exchanges
Address
Bahnhofstrasse 36, Zurich, CHE, 8010
Julius Baer was founded in 1890 and expanded significantly in 2005 when it acquired three Swiss private banks and Global Asset Management from its far larger Swiss rival, UBS. In 2009, Baer spun off GAM as a separately listed firm. The acquisition of Merrill Lynch's wealth management operations outside of the U.S. in 2012 increased Baer's assets under management by 40% and increased its footprint outside of Europe. Julius Baer is currently the largest pure-play private bank in Switzerland and the third-largest Swiss private bank. Baer provides private banking services principally to individuals in Switzerland and Europe and increasingly in Asia and other emerging markets.