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Commerce Bancshares (Commerce Bancshares) Cyclically Adjusted Revenue per Share : $0.00 (As of Mar. 2024)


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What is Commerce Bancshares Cyclically Adjusted Revenue per Share?

Note: As Cyclically Adjusted Revenue per Share is a main component used to calculate Cyclically Adjusted PS Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Commerce Bancshares's adjusted revenue per share for the three months ended in Mar. 2024 was $4.334. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $0.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Commerce Bancshares's average Cyclically Adjusted Revenue Growth Rate was 6.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Commerce Bancshares was 9.00% per year. The lowest was 3.20% per year. And the median was 5.70% per year.

As of today (2024-05-24), Commerce Bancshares's current stock price is $25.00. Commerce Bancshares's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $0.00. Commerce Bancshares's Cyclically Adjusted PS Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Commerce Bancshares was 8.13. The lowest was 3.77. And the median was 5.55.


Commerce Bancshares Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Commerce Bancshares's Cyclically Adjusted Revenue per Share 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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Commerce Bancshares Cyclically Adjusted Revenue per Share Chart

Commerce Bancshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
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Commerce Bancshares Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Commerce Bancshares's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Commerce 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.


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

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

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



Commerce Bancshares Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Commerce Bancshares'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)
=4.334/131.7762*131.7762
=4.334

Current CPI (Mar. 2024) = 131.7762.

Commerce Bancshares Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.840 100.560 3.722
201409 2.943 100.428 3.862
201412 2.926 99.070 3.892
201503 2.820 99.621 3.730
201506 3.052 100.684 3.994
201509 2.975 100.392 3.905
201512 3.020 99.792 3.988
201603 3.072 100.470 4.029
201606 3.136 101.688 4.064
201609 3.146 101.861 4.070
201612 2.927 101.863 3.787
201703 3.130 102.862 4.010
201706 3.268 103.349 4.167
201709 3.231 104.136 4.089
201712 3.669 104.011 4.648
201803 3.466 105.290 4.338
201806 3.627 106.317 4.496
201809 3.660 106.507 4.528
201812 3.686 105.998 4.582
201903 3.530 107.251 4.337
201906 3.693 108.070 4.503
201909 3.719 108.329 4.524
201912 3.770 108.420 4.582
202003 3.395 108.902 4.108
202006 3.449 108.767 4.179
202009 3.943 109.815 4.732
202012 3.893 109.897 4.668
202103 3.833 111.754 4.520
202106 3.967 114.631 4.560
202109 3.975 115.734 4.526
202112 3.768 117.630 4.221
202203 3.790 121.301 4.117
202206 4.064 125.017 4.284
202209 4.233 125.227 4.454
202212 4.364 125.222 4.592
202303 4.239 127.348 4.386
202306 4.366 128.729 4.469
202309 4.314 129.860 4.378
202312 4.370 129.419 4.450
202403 4.334 131.776 4.334

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Commerce Bancshares  (NAS:CBSHP.PFD) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Commerce Bancshares was 8.13. The lowest was 3.77. And the median was 5.55.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Commerce Bancshares Cyclically Adjusted Revenue per Share Related Terms

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


Commerce Bancshares (Commerce Bancshares) Business Description

Industry
Traded in Other Exchanges
Address
1000 Walnut, Kansas City, MO, USA, 64106
Commerce Bancshares Inc. is a $22 billion regional bank that provides a diversified line of financial services, including business and personal banking, wealth management, financial planning, and investments through its affiliated companies. Commerce Bank operates in more than 200 locations in the central United States. Commerce Bancshares also has operating subsidiaries involved in mortgage banking, leasing, credit-related insurance, venture capital, and real estate activities.