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Merchants Bancshares (Merchants Bancshares) Cyclically Adjusted PS Ratio : (As of May. 05, 2024)


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What is Merchants Bancshares Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Merchants Bancshares Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Merchants Bancshares'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.

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Merchants Bancshares Cyclically Adjusted PS Ratio Chart

Merchants Bancshares Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Cyclically Adjusted PS Ratio
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Merchants Bancshares Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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Competitive Comparison of Merchants Bancshares's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Merchants Bancshares'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.


Merchants Bancshares's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



Merchants Bancshares 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.

Merchants Bancshares's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2017 is calculated as:

For example, Merchants Bancshares's adjusted Revenue per Share data for the three months ended in Mar. 2017 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2017 (Change)*Current CPI (Mar. 2017)
=2.525/102.8622*102.8622
=2.525

Current CPI (Mar. 2017) = 102.8622.

Merchants Bancshares Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200706 1.879 87.906 2.199
200709 1.907 87.964 2.230
200712 2.070 88.616 2.403
200803 1.967 90.090 2.246
200806 2.104 92.320 2.344
200809 2.258 92.307 2.516
200812 2.296 88.697 2.663
200903 2.351 89.744 2.695
200906 2.424 91.003 2.740
200909 2.499 91.120 2.821
200912 2.618 91.111 2.956
201003 2.467 91.821 2.764
201006 2.563 91.962 2.867
201009 2.502 92.162 2.792
201012 2.317 92.474 2.577
201103 2.233 94.283 2.436
201106 2.422 95.235 2.616
201109 2.593 95.727 2.786
201112 2.584 95.213 2.792
201203 2.367 96.783 2.516
201206 2.526 96.819 2.684
201209 2.568 97.633 2.706
201212 2.467 96.871 2.620
201303 2.365 98.209 2.477
201306 2.389 98.518 2.494
201309 2.362 98.790 2.459
201312 2.467 98.326 2.581
201403 2.323 99.695 2.397
201406 2.295 100.560 2.348
201409 2.265 100.428 2.320
201412 2.262 99.070 2.349
201503 2.243 99.621 2.316
201506 2.285 100.684 2.334
201509 2.445 100.392 2.505
201512 2.426 99.792 2.501
201603 2.391 100.470 2.448
201606 2.476 101.688 2.505
201609 2.454 101.861 2.478
201612 2.497 101.863 2.522
201703 2.525 102.862 2.525

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.


Merchants Bancshares  (NAS:MBVT) 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.


Merchants Bancshares Cyclically Adjusted PS Ratio Related Terms

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


Merchants Bancshares (Merchants Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
Merchants Bancshares Inc is a bank holding company organized under Vermont law in 1983. Merchants Bank, the Company's primary subsidiary, is a Vermont commercial bank with 32 full-service banking offices located throughout the state of Vermont. The Company, through its subsidiary, offers a full range of deposit, loan, cash management, and trust services to meet the financial needs of individual consumers, businesses and municipalities at 32 full-service banking offices throughout the state of Vermont. Its trust division offers investment management, financial planning and trustee services. The Company competes in Vermont for deposit and loan business not only with other commercial and savings banks, and savings and loan associations, but also with credit unions and other non-bank financial providers. It is subject to extensive regulation and supervision, including, in many cases, regulation that limits the type and scope of its activities.
Executives
Jeffrey L Davis director 275 KENNEDY DRIVE, SOUTH BURLINGTON VT 05403
Pecor Raymond C Iii director 1 KING STREET DOCK, BURLINGTON VT 05401
Richard M Donovan officer: Interim PAO, PFO and Treasurer C/O FIRST SEACOAST BANCORP, 633 CENTRAL AVENUE, DOVER NH 03820
Bruce M Lisman director C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Eric Andrew Segal officer: Interim PAO, PFO and Treasurer 6489 DEERFIELD DRIVE, NEW HOPE PA 18938
Thomas J. Meshako officer: Treasurer and CFO MERCHANTS BANK, P.O. BOX 1009, BURLINGTON VT 05402
John A Kane director C/O MERCHANTS BANCSHARES, INC., 275 KENNEDY DRIVE, SOUTH BURLINGTON VT 05403
F Sheldon Prentice officer: Senior Vice President C/O NBT BANCORP, 52 BROAD STREET, NORWICH NY 13815
Charles A Davis director 1 CAPE MAY ST, 1 CAPE MAY ST, HARRISON NJ 07029

Merchants Bancshares (Merchants Bancshares) Headlines