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Itau Unibanco Holding (Itau Unibanco Holding) Cyclically Adjusted Revenue per Share : $3.52 (As of Dec. 2023)


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What is Itau Unibanco Holding Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Itau Unibanco Holding's adjusted revenue per share for the three months ended in Dec. 2023 was $0.778. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $3.52 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Itau Unibanco Holding's average Cyclically Adjusted Revenue Growth Rate was 5.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Itau Unibanco Holding was 10.50% per year. The lowest was 1.70% per year. And the median was 7.20% per year.

As of today (2024-04-27), Itau Unibanco Holding's current stock price is $6.30. Itau Unibanco Holding's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $3.52. Itau Unibanco Holding's Cyclically Adjusted PS Ratio of today is 1.79.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Itau Unibanco Holding was 2.85. The lowest was 1.33. And the median was 1.98.


Itau Unibanco Holding Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Itau Unibanco Holding's Cyclically Adjusted Revenue per Share 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.

Itau Unibanco Holding Cyclically Adjusted Revenue per Share Chart

Itau Unibanco Holding Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.70 2.13 2.58 2.99 3.52

Itau Unibanco Holding Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Revenue per Share 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 2.99 3.29 3.46 3.38 3.52

Competitive Comparison of Itau Unibanco Holding's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Itau Unibanco Holding'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.


Itau Unibanco Holding's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



Itau Unibanco Holding Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Itau Unibanco Holding'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)
=0.778/156.2729*156.2729
=0.778

Current CPI (Dec. 2023) = 156.2729.

Itau Unibanco Holding Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.945 90.447 1.633
201406 1.009 91.838 1.717
201409 0.907 92.602 1.531
201412 0.806 94.194 1.337
201503 0.601 97.799 0.960
201506 0.835 100.006 1.305
201509 0.412 101.392 0.635
201512 0.694 104.247 1.040
201603 0.793 106.979 1.158
201606 0.906 108.851 1.301
201609 0.838 109.986 1.191
201612 0.849 110.802 1.197
201703 0.909 111.869 1.270
201706 0.778 112.115 1.084
201709 0.919 112.777 1.273
201712 0.747 114.068 1.023
201803 0.814 114.868 1.107
201806 0.533 117.038 0.712
201809 0.670 117.881 0.888
201812 0.708 118.340 0.935
201903 0.714 120.124 0.929
201906 0.716 120.977 0.925
201909 0.627 121.292 0.808
201912 0.794 123.436 1.005
202003 0.245 124.092 0.309
202006 0.444 123.557 0.562
202009 0.457 125.095 0.571
202012 0.816 129.012 0.988
202103 0.497 131.660 0.590
202106 0.638 133.871 0.745
202109 0.561 137.913 0.636
202112 0.707 141.992 0.778
202203 0.681 146.537 0.726
202206 0.681 149.784 0.711
202209 0.665 147.800 0.703
202212 0.843 150.207 0.877
202303 0.669 153.352 0.682
202306 0.811 154.519 0.820
202309 0.763 155.464 0.767
202312 0.778 156.273 0.778

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Itau Unibanco Holding  (NYSE:ITUB) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Itau Unibanco Holding's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=6.30/3.52
=1.79

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Itau Unibanco Holding was 2.85. The lowest was 1.33. And the median was 1.98.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Itau Unibanco Holding Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Itau Unibanco Holding's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Itau Unibanco Holding (Itau Unibanco Holding) Business Description

Industry
Address
Praca Alfredo Egydio de Souza Aranha, 100, Torre Olavo Setubal, Parque Jabaquara, Sao Paulo, SP, BRA, 04344-902
Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 33% and 44%% of the bank's total loans, respectively, while foreign loans account for 23% of its portfolio. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.

Itau Unibanco Holding (Itau Unibanco Holding) Headlines