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FBN Holdings (NSA:FBNH) Cyclically Adjusted PS Ratio : 1.39 (As of Jun. 10, 2024)


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What is FBN Holdings Cyclically Adjusted PS Ratio?

As of today (2024-06-10), FBN Holdings's current share price is ₦23.00. FBN Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₦16.55. FBN Holdings's Cyclically Adjusted PS Ratio for today is 1.39.

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

NSA:FBNH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.91   Max: 2.55
Current: 1.39

During the past years, FBN Holdings's highest Cyclically Adjusted PS Ratio was 2.55. The lowest was 0.59. And the median was 0.91.

NSA:FBNH's Cyclically Adjusted PS Ratio is ranked better than
78.78% of 1192 companies
in the Banks industry
Industry Median: 2.36 vs NSA:FBNH: 1.39

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.

FBN Holdings's adjusted revenue per share data for the three months ended in Mar. 2024 was ₦13.676. 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 ₦16.55 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


FBN Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for FBN 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.

FBN Holdings Cyclically Adjusted PS Ratio Chart

FBN Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.93 0.80

FBN Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 0.80 0.79 1.15 1.07 2.15

Competitive Comparison of FBN Holdings's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, FBN 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.


FBN Holdings's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



FBN 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=23.00/16.55
=1.39

* 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.

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

For example, FBN 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)
=13.676/131.7762*131.7762
=13.676

Current CPI (Mar. 2024) = 131.7762.

FBN Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.054 99.695 2.715
201406 2.079 100.560 2.724
201409 2.428 100.428 3.186
201412 2.792 99.070 3.714
201503 2.308 99.621 3.053
201506 2.759 100.684 3.611
201509 2.308 100.392 3.030
201512 2.304 99.792 3.042
201603 2.450 100.470 3.213
201606 3.645 101.688 4.724
201609 3.176 101.861 4.109
201612 3.941 101.863 5.098
201703 2.887 102.862 3.699
201706 2.737 103.349 3.490
201709 3.456 104.136 4.373
201712 3.223 104.011 4.083
201803 2.777 105.290 3.476
201806 3.052 106.317 3.783
201809 2.868 106.507 3.548
201812 2.835 105.998 3.524
201903 2.708 107.251 3.327
201906 2.716 108.070 3.312
201909 2.540 108.329 3.090
201912 3.600 108.420 4.376
202003 3.040 108.902 3.679
202006 2.802 108.767 3.395
202009 2.994 109.815 3.593
202012 3.108 109.897 3.727
202103 2.912 111.754 3.434
202106 3.296 114.631 3.789
202109 2.818 115.734 3.209
202112 3.811 117.630 4.269
202203 3.799 121.301 4.127
202206 3.689 125.017 3.888
202209 3.676 125.227 3.868
202212 4.653 125.222 4.897
202303 5.087 127.348 5.264
202306 8.388 128.729 8.587
202309 5.733 129.860 5.818
202403 13.676 131.776 13.676

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.


FBN Holdings  (NSA:FBNH) 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.


FBN Holdings Cyclically Adjusted PS Ratio Related Terms

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


FBN Holdings (NSA:FBNH) Business Description

Industry
Traded in Other Exchanges
N/A
Address
35 Marina, Samuel Asabia House, PO Box 5216, Lagos, NGA
FBN Holdings PLC is a financial holding company in Africa. It is a diversified financial services group offering a broad range of products and services through its subsidiaries, across commercial banking, merchant banking, investment banking services, corporate banking, capital markets, provision of other financial services, trusteeship and insurance brokerage to millions of customers.

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