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LendingClub (FRA:8LCA) Cyclically Adjusted Revenue per Share : €7.50 (As of Mar. 2024)


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What is LendingClub Cyclically Adjusted Revenue per Share?

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.

LendingClub's adjusted revenue per share for the three months ended in Mar. 2024 was €1.502. 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 €7.50 for the trailing ten years ended in Mar. 2024.

During the past 12 months, LendingClub's average Cyclically Adjusted Revenue Growth Rate was -1.60% 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.

As of today (2024-05-23), LendingClub's current stock price is €8.592. LendingClub's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €7.50. LendingClub's Cyclically Adjusted PS Ratio of today is 1.15.

During the past 12 years, the highest Cyclically Adjusted PS Ratio of LendingClub was 2.11. The lowest was 0.62. And the median was 1.11.


LendingClub Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for LendingClub'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.

* Premium members only.

LendingClub Cyclically Adjusted Revenue per Share Chart

LendingClub Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 7.34 7.46

LendingClub Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share 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 7.48 7.80 7.97 7.46 7.50

Competitive Comparison of LendingClub's Cyclically Adjusted Revenue per Share

For the Credit Services subindustry, LendingClub'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.


LendingClub's Cyclically Adjusted PS Ratio Distribution in the Credit Services Industry

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

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



LendingClub 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, LendingClub'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)
=1.502/131.7762*131.7762
=1.502

Current CPI (Mar. 2024) = 131.7762.

LendingClub Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.518 100.560 3.300
201409 0.493 100.428 0.647
201412 0.621 99.070 0.826
201503 0.857 99.621 1.134
201506 0.982 100.684 1.285
201509 1.103 100.392 1.448
201512 1.428 99.792 1.886
201603 1.523 100.470 1.998
201606 0.959 101.688 1.243
201609 1.118 101.861 1.446
201612 1.344 101.863 1.739
201703 1.215 102.862 1.557
201706 1.294 103.349 1.650
201709 1.349 104.136 1.707
201712 1.347 104.011 1.707
201803 1.251 105.290 1.566
201806 1.538 106.317 1.906
201809 1.608 106.507 1.990
201812 1.601 105.998 1.990
201903 1.502 107.251 1.845
201906 1.693 108.070 2.064
201909 1.834 108.329 2.231
201912 2.469 108.420 3.001
202003 1.288 108.902 1.559
202006 0.482 108.767 0.584
202009 0.792 109.815 0.950
202012 0.731 109.897 0.877
202103 0.930 111.754 1.097
202106 1.628 114.631 1.871
202109 1.938 115.734 2.207
202112 2.038 117.630 2.283
202203 2.455 121.301 2.667
202206 2.921 125.017 3.079
202209 2.865 125.227 3.015
202212 2.488 125.222 2.618
202303 2.146 127.348 2.221
202306 1.967 128.729 2.014
202309 1.700 129.860 1.725
202312 1.634 129.419 1.664
202403 1.502 131.776 1.502

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


LendingClub  (FRA:8LCA) 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.

LendingClub's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=8.592/7.5
=1.15

* 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.

During the past 12 years, the highest Cyclically Adjusted PS Ratio of LendingClub was 2.11. The lowest was 0.62. And the median was 1.11.


Be Aware

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


LendingClub Cyclically Adjusted Revenue per Share Related Terms

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


LendingClub (FRA:8LCA) Business Description

Industry
Traded in Other Exchanges
Address
595 Market Street, Suite 200, San Francisco, CA, USA, 94105
LendingClub Corp is a company engaged in operating an online lending marketplace platform that connects borrowers and investors for the provision of the loan facility. It offers investors access to an asset class that has generally been closed to many investors and only available on a limited basis to institutional investors. The company through the platform offers loan products such as personal, education and patient finance, small business, and auto to interested investors. It generates a majority of the revenue from the transaction fees received from the platform's role in accepting and decisioning applications on behalf of the bank partners to enable loan originations.

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