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Industrial Bank of Korea (XKRX:024110) Cyclically Adjusted PS Ratio : 1.38 (As of Jun. 06, 2024)


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What is Industrial Bank of Korea Cyclically Adjusted PS Ratio?

As of today (2024-06-06), Industrial Bank of Korea's current share price is ₩13440.00. Industrial Bank of Korea's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₩9,770.29. Industrial Bank of Korea's Cyclically Adjusted PS Ratio for today is 1.38.

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

XKRX:024110' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.91   Med: 1.39   Max: 2.59
Current: 1.38

During the past years, Industrial Bank of Korea's highest Cyclically Adjusted PS Ratio was 2.59. The lowest was 0.91. And the median was 1.39.

XKRX:024110's Cyclically Adjusted PS Ratio is not ranked
in the Banks industry.
Industry Median: 2.37 vs XKRX:024110: 1.38

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.

Industrial Bank of Korea's adjusted revenue per share data for the three months ended in Mar. 2024 was ₩2,843.869. 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 ₩9,770.29 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Industrial Bank of Korea Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Industrial Bank of Korea'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.

Industrial Bank of Korea Cyclically Adjusted PS Ratio Chart

Industrial Bank of Korea 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 1.63 1.16 1.28 1.11 1.23

Industrial Bank of Korea 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 1.11 1.12 1.19 1.23 1.38

Competitive Comparison of Industrial Bank of Korea's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Industrial Bank of Korea'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.


Industrial Bank of Korea's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



Industrial Bank of Korea 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.

Industrial Bank of Korea's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13440.00/9770.29
=1.38

* 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.

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

For example, Industrial Bank of Korea'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)
=2843.869/118.8477*118.8477
=2,843.869

Current CPI (Mar. 2024) = 118.8477.

Industrial Bank of Korea Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1,585.436 99.353 1,896.525
201409 1,379.145 99.608 1,645.533
201412 1,452.795 99.098 1,742.329
201503 1,622.971 99.720 1,934.280
201506 1,579.902 100.050 1,876.739
201509 1,472.122 100.110 1,747.661
201512 1,552.120 100.220 1,840.610
201603 1,609.711 100.560 1,902.451
201606 1,670.940 100.790 1,970.308
201609 1,550.689 101.460 1,816.438
201612 1,419.529 101.560 1,661.163
201703 1,812.042 102.850 2,093.894
201706 1,816.028 102.610 2,103.409
201709 1,880.475 103.490 2,159.534
201712 1,593.170 102.990 1,838.475
201803 2,087.472 104.100 2,383.201
201806 2,000.655 104.130 2,283.427
201809 2,070.549 105.650 2,329.200
201812 1,804.646 104.350 2,055.372
201903 2,239.109 104.490 2,546.779
201906 2,018.303 104.880 2,287.096
201909 1,798.668 105.200 2,032.011
201912 3,844.111 105.120 4,346.116
202003 2,101.233 105.540 2,366.181
202006 2,301.665 104.870 2,608.445
202009 1,556.135 106.200 1,741.460
202012 4,222.948 105.765 4,745.292
202103 2,012.277 107.357 2,227.652
202106 2,399.879 107.579 2,651.272
202109 2,062.173 108.759 2,253.460
202112 3,241.063 109.676 3,512.085
202203 2,131.345 111.806 2,265.584
202206 2,572.501 114.083 2,679.947
202209 2,370.964 114.831 2,453.892
202212 4,212.211 115.200 4,345.579
202303 3,034.457 116.550 3,094.290
202306 2,887.159 117.140 2,929.251
202309 2,293.474 119.111 2,288.400
202312 4,203.713 118.848 4,203.713
202403 2,843.869 118.848 2,843.869

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.


Industrial Bank of Korea  (XKRX:024110) 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.


Industrial Bank of Korea Cyclically Adjusted PS Ratio Related Terms

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


Industrial Bank of Korea (XKRX:024110) Business Description

Traded in Other Exchanges
N/A
Address
50 Euljiro 2-Ga, Joong-Gu, Seoul, KOR, 100-758
Industrial Bank of Korea is a financial institution domiciled in Korea. The company principally earns revenue from interest income. The bank organises itself into seven segments: retail, corporate, money market, investment banking, credit card, foreign exchange, and others. Corporate banking operations represent more than half consolidated revenue, with retail banking operations the next most significant segment. The vast majority of revenue is derived domestically. The Republic of Korea is a majority shareholder in Industrial Bank of Korea.

Industrial Bank of Korea (XKRX:024110) Headlines

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