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Hana Financial Group (XKRX:086790) Cyclically Adjusted PS Ratio : 1.79 (As of Jun. 07, 2024)


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What is Hana Financial Group Cyclically Adjusted PS Ratio?

As of today (2024-06-07), Hana Financial Group's current share price is ₩60400.00. Hana Financial Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₩33,799.10. Hana Financial Group's Cyclically Adjusted PS Ratio for today is 1.79.

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

XKRX:086790' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.88   Med: 1.56   Max: 2.51
Current: 1.77

During the past years, Hana Financial Group's highest Cyclically Adjusted PS Ratio was 2.51. The lowest was 0.88. And the median was 1.56.

XKRX:086790's Cyclically Adjusted PS Ratio is not ranked
in the Banks industry.
Industry Median: 2.37 vs XKRX:086790: 1.77

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.

Hana Financial Group's adjusted revenue per share data for the three months ended in Mar. 2024 was ₩11,931.435. 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 ₩33,799.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hana Financial Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Hana Financial Group'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.

Hana Financial Group Cyclically Adjusted PS Ratio Chart

Hana Financial Group 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 1.57 1.37 1.51 1.39 1.31

Hana Financial Group 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 1.31 1.23 1.29 1.31 1.71

Competitive Comparison of Hana Financial Group's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Hana Financial Group'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.


Hana Financial Group's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Hana Financial Group's Cyclically Adjusted PS Ratio falls into.



Hana Financial Group 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.

Hana Financial Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=60400.00/33799.1
=1.79

* 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.

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

For example, Hana Financial Group'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)
=11931.435/118.8477*118.8477
=11,931.435

Current CPI (Mar. 2024) = 118.8477.

Hana Financial Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 5,643.419 99.353 6,750.751
201409 4,989.465 99.608 5,953.201
201412 4,414.153 99.098 5,293.870
201503 5,449.060 99.720 6,494.266
201506 5,553.027 100.050 6,596.347
201509 4,876.761 100.110 5,789.550
201512 4,570.047 100.220 5,419.473
201603 5,503.166 100.560 6,503.964
201606 5,173.610 100.790 6,100.522
201609 6,601.952 101.460 7,733.361
201612 5,223.074 101.560 6,112.154
201703 5,584.151 102.850 6,452.732
201706 6,129.901 102.610 7,099.938
201709 6,723.331 103.490 7,721.059
201712 8,030.444 102.990 9,266.917
201803 6,761.387 104.100 7,719.263
201806 6,680.581 104.130 7,624.812
201809 6,965.366 105.650 7,835.473
201812 6,154.713 104.350 7,009.808
201903 6,713.133 104.490 7,635.567
201906 7,083.584 104.880 8,026.961
201909 7,240.436 105.200 8,179.745
201912 8,683.615 105.120 9,817.615
202003 7,578.817 105.540 8,534.442
202006 8,635.606 104.870 9,786.611
202009 8,570.590 106.200 9,591.289
202012 9,305.673 105.765 10,456.707
202103 8,643.414 107.357 9,568.523
202106 9,389.189 107.579 10,372.728
202109 8,940.345 108.759 9,769.651
202112 9,436.739 109.676 10,225.853
202203 9,711.060 111.806 10,322.695
202206 8,892.571 114.083 9,263.987
202209 10,072.956 114.831 10,425.273
202212 10,957.474 115.200 11,304.413
202303 11,632.463 116.550 11,861.829
202306 11,302.561 117.140 11,467.343
202309 10,755.253 119.111 10,731.460
202312 9,239.623 118.848 9,239.623
202403 11,931.435 118.848 11,931.435

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.


Hana Financial Group  (XKRX:086790) 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.


Hana Financial Group Cyclically Adjusted PS Ratio Related Terms

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


Hana Financial Group (XKRX:086790) Business Description

Traded in Other Exchanges
N/A
Address
55 Eulji-ro Jung-gu, Seoul, KOR, 100-782
Hana Financial is one of Korea's four largest commercial banking groups. In commercial banking, it is a similar size to its three peers with an 11% share of loans as of 2022, but its total assets are about 20% to 25% smaller than Shinhan's and KB's owing to a smaller scale in nonbank financial businesses. This reflects Shinhan's and KB's expansion of these areas in recent years while Hana was busy integrating Korea Exchange Bank into KEB Hana Bank and replenishing its capital levels after the 2012 acquisition. The integration progressed smoothly, in our view, with Korea Exchange Bank's strength in large corporate business proving to be a good fit for the former Hana Bank's strength in retail.

Hana Financial Group (XKRX:086790) Headlines

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