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National Bank of Greece (ATH:ETE) Cyclically Adjusted PS Ratio : 0.44 (As of May. 24, 2024)


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What is National Bank of Greece Cyclically Adjusted PS Ratio?

As of today (2024-05-24), National Bank of Greece's current share price is €8.31. National Bank of Greece's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €19.10. National Bank of Greece's Cyclically Adjusted PS Ratio for today is 0.44.

The historical rank and industry rank for National Bank of Greece's Cyclically Adjusted PS Ratio or its related term are showing as below:

ATH:ETE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.04   Max: 0.44
Current: 0.44

During the past years, National Bank of Greece's highest Cyclically Adjusted PS Ratio was 0.44. The lowest was 0.01. And the median was 0.04.

ATH:ETE's Cyclically Adjusted PS Ratio is ranked better than
95.88% of 1190 companies
in the Banks industry
Industry Median: 2.41 vs ATH:ETE: 0.44

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.

National Bank of Greece's adjusted revenue per share data for the three months ended in Mar. 2024 was €0.837. 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 €19.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


National Bank of Greece Cyclically Adjusted PS Ratio Historical Data

The historical data trend for National Bank of Greece'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.

National Bank of Greece Cyclically Adjusted PS Ratio Chart

National Bank of Greece 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 - - - 0.01 0.24

National Bank of Greece 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 0.02 0.14 0.15 0.24 0.38

Competitive Comparison of National Bank of Greece's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, National Bank of Greece'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.


National Bank of Greece's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where National Bank of Greece's Cyclically Adjusted PS Ratio falls into.



National Bank of Greece 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.

National Bank of Greece's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.31/19.1
=0.44

* 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.

National Bank of Greece's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, National Bank of Greece'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)
=0.837/117.2848*117.2848
=0.837

Current CPI (Mar. 2024) = 117.2848.

National Bank of Greece Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 45.613 103.060 51.909
201409 51.900 102.624 59.314
201412 -17.154 100.254 -20.068
201503 21.529 100.549 25.112
201506 29.030 100.838 33.765
201509 16.972 100.856 19.737
201512 0.758 100.087 0.888
201603 0.328 99.041 0.388
201606 0.438 100.121 0.513
201609 0.482 99.878 0.566
201612 0.537 100.110 0.629
201703 0.508 100.770 0.591
201706 0.446 101.138 0.517
201709 0.401 100.882 0.466
201712 0.595 100.762 0.693
201803 0.444 100.534 0.518
201806 0.404 102.121 0.464
201809 0.384 101.982 0.442
201812 0.459 101.330 0.531
201903 0.488 101.482 0.564
201906 0.455 101.837 0.524
201909 0.514 101.906 0.592
201912 0.545 102.120 0.626
202003 1.193 101.479 1.379
202006 0.365 100.239 0.427
202009 0.449 99.886 0.527
202012 0.829 99.751 0.975
202103 0.934 99.817 1.097
202106 0.362 101.270 0.419
202109 0.380 102.095 0.437
202112 0.422 104.853 0.472
202203 0.497 108.651 0.536
202206 0.620 113.517 0.641
202209 0.491 114.371 0.504
202212 0.593 112.428 0.619
202303 0.693 113.620 0.715
202306 0.711 115.515 0.722
202309 0.754 116.234 0.761
202312 0.681 116.364 0.686
202403 0.837 117.285 0.837

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.


National Bank of Greece  (ATH:ETE) 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.


National Bank of Greece Cyclically Adjusted PS Ratio Related Terms

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


National Bank of Greece (ATH:ETE) Business Description

Traded in Other Exchanges
Address
86 Eolou Street, Athens, GRC, 10559
National Bank of Greece SA consists of a group of several subsidiaries of diverse financial services organized around a principal bank. The group's primary activities include retail and commercial banking, global investment management, investment banking, insurance, investment activities and securities trading. Its segments include Retail Banking, Corporate and Investment Banking, Special Assets Unit, Global Markets and Asset Management ,Insurance and International Banking Operations.

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