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Sparebanken Ost (OSL:SPOG) Cyclically Adjusted Revenue per Share : kr44.25 (As of Mar. 2024)


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What is Sparebanken Ost 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.

Sparebanken Ost's adjusted revenue per share for the three months ended in Mar. 2024 was kr13.608. 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 kr44.25 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Sparebanken Ost's average Cyclically Adjusted Revenue Growth Rate was 3.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.10% 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 Sparebanken Ost was 5.10% per year. The lowest was 5.10% per year. And the median was 5.10% per year.

As of today (2024-05-27), Sparebanken Ost's current stock price is kr53.80. Sparebanken Ost's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was kr44.25. Sparebanken Ost's Cyclically Adjusted PS Ratio of today is 1.22.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Sparebanken Ost was 1.55. The lowest was 1.04. And the median was 1.23.


Sparebanken Ost Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Sparebanken Ost'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.

Sparebanken Ost Cyclically Adjusted Revenue per Share Chart

Sparebanken Ost 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 - 37.88 39.65 42.15 43.97

Sparebanken Ost Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 42.76 43.54 43.40 43.97 44.25

Competitive Comparison of Sparebanken Ost's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Sparebanken Ost'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.


Sparebanken Ost's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



Sparebanken Ost 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, Sparebanken Ost's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=13.608/132.6000*132.6000
=13.608

Current CPI (Mar. 2024) = 132.6000.

Sparebanken Ost Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 8.350 97.500 11.356
201409 15.166 98.500 20.416
201412 7.978 98.600 10.729
201503 9.257 99.200 12.374
201506 7.849 100.100 10.397
201509 6.445 100.600 8.495
201512 7.655 100.900 10.060
201603 7.785 102.500 10.071
201606 10.400 103.800 13.286
201609 8.316 104.200 10.583
201612 8.152 104.400 10.354
201703 8.880 105.000 11.214
201706 9.479 105.800 11.880
201709 8.562 105.900 10.721
201712 8.374 106.100 10.466
201803 8.485 107.300 10.486
201806 9.512 108.500 11.625
201809 11.239 109.500 13.610
201812 7.308 109.800 8.826
201903 8.017 110.400 9.629
201906 8.408 110.600 10.080
201909 9.261 111.100 11.053
201912 9.117 111.300 10.862
202003 8.167 111.200 9.739
202006 15.682 112.100 18.550
202009 8.297 112.900 9.745
202012 8.601 112.900 10.102
202103 7.940 114.600 9.187
202106 11.176 115.300 12.853
202109 8.191 117.500 9.244
202112 9.377 118.900 10.457
202203 7.756 119.800 8.585
202206 7.781 122.600 8.416
202209 8.133 125.600 8.586
202212 9.672 125.900 10.187
202303 10.434 127.600 10.843
202306 10.467 130.400 10.644
202309 11.929 129.800 12.186
202312 10.988 131.900 11.046
202403 13.608 132.600 13.608

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


Sparebanken Ost  (OSL:SPOG) 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.

Sparebanken Ost's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=53.80/44.25
=1.22

* 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 Sparebanken Ost was 1.55. The lowest was 1.04. And the median was 1.23.


Be Aware

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


Sparebanken Ost Cyclically Adjusted Revenue per Share Related Terms

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


Sparebanken Ost (OSL:SPOG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sparebanken Ost (OSL:SPOG) » Definitions » Cyclically Adjusted Revenue per Share
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Address
Bragernes Torg 2, PO Box 67, Hokksund, Drammen, NOR, 3301
Sparebanken Øst is a savings bank in Norway. It offers banking products and services to retail and corporate customers in the areas of loans, payment services, insurance products, property management as well as advisory services. Its mission is to be a non-affiliated, independent and locally managed provider of financial services, to enable people in general, along with small and medium-sized enterprises, to exploit their financial resources in the best possible manner.

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