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Vontobel Holding AG (XSWX:VONN) Cyclically Adjusted PS Ratio : 2.38 (As of Apr. 27, 2024)


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What is Vontobel Holding AG Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Vontobel Holding AG's current share price is CHF51.40. Vontobel Holding AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was CHF21.61. Vontobel Holding AG's Cyclically Adjusted PS Ratio for today is 2.38.

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

XSWX:VONN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.27   Med: 3.63   Max: 5.21
Current: 2.37

During the past 13 years, Vontobel Holding AG's highest Cyclically Adjusted PS Ratio was 5.21. The lowest was 2.27. And the median was 3.63.

XSWX:VONN's Cyclically Adjusted PS Ratio is ranked better than
77.17% of 876 companies
in the Asset Management industry
Industry Median: 7.44 vs XSWX:VONN: 2.37

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.

Vontobel Holding AG's adjusted revenue per share data of for the fiscal year that ended in Dec23 was CHF22.805. 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 CHF21.61 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vontobel Holding AG Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Vontobel Holding 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.

Vontobel Holding AG Cyclically Adjusted PS Ratio Chart

Vontobel Holding 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 4.27 4.12 4.25 3.01 2.52

Vontobel Holding 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 4.25 - 3.01 - 2.52

Competitive Comparison of Vontobel Holding AG's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Vontobel Holding 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.


Vontobel Holding AG's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

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

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



Vontobel Holding 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.

Vontobel Holding AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=51.40/21.61
=2.38

* 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.

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

For example, Vontobel Holding 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)
=22.805/106.4611*106.4611
=22.805

Current CPI (Dec23) = 106.4611.

Vontobel Holding AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 14.475 100.704 15.303
201512 17.367 99.386 18.603
201612 19.088 99.380 20.448
201712 18.648 100.213 19.811
201812 20.370 100.906 21.491
201912 22.091 101.063 23.271
202012 22.095 100.241 23.466
202112 26.808 101.776 28.042
202212 22.494 104.666 22.880
202312 22.805 106.461 22.805

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.


Vontobel Holding AG  (XSWX:VONN) 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.


Vontobel Holding AG Cyclically Adjusted PS Ratio Related Terms

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Vontobel Holding AG (XSWX:VONN) Business Description

Traded in Other Exchanges
Address
Gotthardstrasse 43, Zurich, CHE, CH-8022
Vontobel Holding AG is a Swiss bank that operates through three business segments: Asset Management Segment focuses on institutional clients such as pension funds, insurance companies, and sovereign wealth funds, as well as third-party banks in the wholesale fund business, Wealth Management Segment serves wealthy private clients (including UHNWIs), financial intermediaries, entrepreneurs, and decision-makers from the SME segment and Digital Investing Segment bundles investment solutions for private investors, either directly or via ecosystems, and it also concentrates on the end-clients business with structured products.

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