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Far Eastern International Bank (TPE:2845) Cyclically Adjusted PS Ratio : 4.47 (As of Jun. 12, 2024)


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What is Far Eastern International Bank Cyclically Adjusted PS Ratio?

As of today (2024-06-12), Far Eastern International Bank's current share price is NT$15.50. Far Eastern International Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$3.47. Far Eastern International Bank's Cyclically Adjusted PS Ratio for today is 4.47.

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

TPE:2845' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.98   Med: 3.41   Max: 4.54
Current: 4.52

During the past years, Far Eastern International Bank's highest Cyclically Adjusted PS Ratio was 4.54. The lowest was 2.98. And the median was 3.41.

TPE:2845's Cyclically Adjusted PS Ratio is ranked worse than
84.48% of 1192 companies
in the Banks industry
Industry Median: 2.335 vs TPE:2845: 4.52

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.

Far Eastern International Bank's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$0.802. 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 NT$3.47 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Far Eastern International Bank Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Far Eastern International Bank'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.

Far Eastern International Bank Cyclically Adjusted PS Ratio Chart

Far Eastern International Bank 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 3.79 3.46 3.25 3.28 3.70

Far Eastern International Bank 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 3.26 3.47 3.38 3.70 4.15

Competitive Comparison of Far Eastern International Bank's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Far Eastern International Bank'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.


Far Eastern International Bank's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Far Eastern International Bank's Cyclically Adjusted PS Ratio falls into.



Far Eastern International Bank 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.

Far Eastern International Bank's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.50/3.47
=4.47

* 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.

Far Eastern International Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Far Eastern International Bank'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)
=0.802/131.7762*131.7762
=0.802

Current CPI (Mar. 2024) = 131.7762.

Far Eastern International Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.617 100.560 0.809
201409 0.666 100.428 0.874
201412 0.632 99.070 0.841
201503 0.625 99.621 0.827
201506 0.674 100.684 0.882
201509 0.716 100.392 0.940
201512 0.706 99.792 0.932
201603 0.640 100.470 0.839
201606 0.666 101.688 0.863
201609 0.731 101.861 0.946
201612 0.648 101.863 0.838
201703 0.619 102.862 0.793
201706 0.707 103.349 0.901
201709 0.706 104.136 0.893
201712 0.604 104.011 0.765
201803 0.673 105.290 0.842
201806 0.789 106.317 0.978
201809 0.803 106.507 0.994
201812 0.648 105.998 0.806
201903 0.848 107.251 1.042
201906 0.797 108.070 0.972
201909 0.769 108.329 0.935
201912 0.764 108.420 0.929
202003 0.618 108.902 0.748
202006 0.910 108.767 1.103
202009 0.768 109.815 0.922
202012 0.726 109.897 0.871
202103 0.762 111.754 0.899
202106 0.720 114.631 0.828
202109 0.760 115.734 0.865
202112 0.663 117.630 0.743
202203 0.703 121.301 0.764
202206 0.827 125.017 0.872
202209 0.800 125.227 0.842
202212 0.820 125.222 0.863
202303 0.743 127.348 0.769
202306 0.810 128.729 0.829
202309 0.820 129.860 0.832
202312 0.726 129.419 0.739
202403 0.802 131.776 0.802

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.


Far Eastern International Bank  (TPE:2845) 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.


Far Eastern International Bank Cyclically Adjusted PS Ratio Related Terms

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


Far Eastern International Bank (TPE:2845) Business Description

Traded in Other Exchanges
N/A
Address
No. 207, Tun Hwa South Road, 26, 27th Floor, Section 2, Taipei, TWN
Far Eastern International Bank is a provider of financial solutions in Taiwan. The bank serves both individual and institutional customers through personal banking and corporate banking. The bank offers services such as savings and checking accounts, foreign exchange services, insurance, tax-savings, wealth management, credit cards, consumer loans, mortgages, car loans, offshore banking services, derivatives, margin trading, asset swaps, trading of government and corporate bonds, bank debentures, trusts, and real estate services. The bank generates all revenue domestically.

Far Eastern International Bank (TPE:2845) Headlines

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