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National Bank Holdings (FRA:NB9) Cyclically Adjusted PS Ratio : 3.67 (As of Jun. 04, 2024)


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What is National Bank Holdings Cyclically Adjusted PS Ratio?

As of today (2024-06-04), National Bank Holdings's current share price is €32.80. National Bank Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €8.94. National Bank Holdings's Cyclically Adjusted PS Ratio for today is 3.67.

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

FRA:NB9' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.05   Med: 4.67   Max: 6.18
Current: 3.67

During the past years, National Bank Holdings's highest Cyclically Adjusted PS Ratio was 6.18. The lowest was 3.05. And the median was 4.67.

FRA:NB9's Cyclically Adjusted PS Ratio is ranked worse than
77.55% of 1185 companies
in the Banks industry
Industry Median: 2.38 vs FRA:NB9: 3.67

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 Holdings's adjusted revenue per share data for the three months ended in Mar. 2024 was €2.418. 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 €8.94 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


National Bank Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for National Bank Holdings'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 Holdings Cyclically Adjusted PS Ratio Chart

National Bank Holdings 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 - 4.81 5.58 4.78 3.85

National Bank Holdings 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 3.68 3.11 3.11 3.85 3.63

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

For the Banks - Regional subindustry, National Bank Holdings'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 Holdings's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=32.80/8.94
=3.67

* 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 Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, National Bank Holdings'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)
=2.418/131.7762*131.7762
=2.418

Current CPI (Mar. 2024) = 131.7762.

National Bank Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.856 100.560 1.122
201409 0.949 100.428 1.245
201412 1.323 99.070 1.760
201503 1.180 99.621 1.561
201506 1.160 100.684 1.518
201509 1.278 100.392 1.678
201512 1.475 99.792 1.948
201603 1.356 100.470 1.779
201606 1.395 101.688 1.808
201609 1.585 101.861 2.050
201612 1.457 101.863 1.885
201703 1.441 102.862 1.846
201706 1.599 103.349 2.039
201709 1.426 104.136 1.805
201712 1.401 104.011 1.775
201803 1.648 105.290 2.063
201806 1.851 106.317 2.294
201809 1.821 106.507 2.253
201812 1.951 105.998 2.425
201903 1.904 107.251 2.339
201906 2.017 108.070 2.459
201909 2.356 108.329 2.866
201912 1.982 108.420 2.409
202003 2.101 108.902 2.542
202006 2.448 108.767 2.966
202009 2.473 109.815 2.968
202012 2.138 109.897 2.564
202103 2.089 111.754 2.463
202106 1.823 114.631 2.096
202109 2.042 115.734 2.325
202112 2.060 117.630 2.308
202203 1.920 121.301 2.086
202206 2.258 125.017 2.380
202209 2.724 125.227 2.866
202212 2.663 125.222 2.802
202303 2.655 127.348 2.747
202306 2.509 128.729 2.568
202309 2.592 129.860 2.630
202312 2.500 129.419 2.546
202403 2.418 131.776 2.418

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 Holdings  (FRA:NB9) 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 Holdings Cyclically Adjusted PS Ratio Related Terms

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


National Bank Holdings (FRA:NB9) Business Description

Traded in Other Exchanges
Address
7800 East Orchard Road, Suite 300, Greenwood Village, CO, USA, 80111
National Bank Holdings Corp is a bank holding company. It provides various banking products and financial services to commercial, business, and consumer clients in the United States. The company offers deposit products including checking accounts, savings accounts, money market accounts, and other deposit accounts, including fixed-rate and fixed-maturity time deposits. It also provides commercial and industrial loans and leases. In addition, it offers treasury management solutions comprising online and mobile banking, commercial credit card, wire transfer, automated clearing house, and electronic bill payments.

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