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Cullen/Frost Bankers (FRA:CFZ) Cyclically Adjusted Revenue per Share : €22.77 (As of Mar. 2024)


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What is Cullen/Frost Bankers 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.

Cullen/Frost Bankers's adjusted revenue per share for the three months ended in Mar. 2024 was €7.166. 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 €22.77 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Cullen/Frost Bankers's average Cyclically Adjusted Revenue Growth Rate was 6.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.40% 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 Cullen/Frost Bankers was 9.20% per year. The lowest was 2.90% per year. And the median was 5.70% per year.

As of today (2024-05-08), Cullen/Frost Bankers's current stock price is €98.00. Cullen/Frost Bankers's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €22.77. Cullen/Frost Bankers's Cyclically Adjusted PS Ratio of today is 4.30.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Cullen/Frost Bankers was 7.05. The lowest was 2.92. And the median was 5.16.


Cullen/Frost Bankers Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Cullen/Frost Bankers'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.

Cullen/Frost Bankers Cyclically Adjusted Revenue per Share Chart

Cullen/Frost Bankers 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 16.28 15.42 18.52 21.48 22.68

Cullen/Frost Bankers 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 21.33 22.26 23.13 22.68 22.77

Competitive Comparison of Cullen/Frost Bankers's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Cullen/Frost Bankers'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.


Cullen/Frost Bankers's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Cullen/Frost Bankers's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Cullen/Frost Bankers's Cyclically Adjusted PS Ratio falls into.



Cullen/Frost Bankers 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, Cullen/Frost Bankers'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)
=7.166/129.4194*129.4194
=7.166

Current CPI (Mar. 2024) = 129.4194.

Cullen/Frost Bankers Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.935 100.560 3.777
201409 3.141 100.428 4.048
201412 3.319 99.070 4.336
201503 3.824 99.621 4.968
201506 3.647 100.684 4.688
201509 3.804 100.392 4.904
201512 3.933 99.792 5.101
201603 4.141 100.470 5.334
201606 3.826 101.688 4.869
201609 3.903 101.861 4.959
201612 4.357 101.863 5.536
201703 4.220 102.862 5.310
201706 4.049 103.349 5.070
201709 3.909 104.136 4.858
201712 4.126 104.011 5.134
201803 4.028 105.290 4.951
201806 4.252 106.317 5.176
201809 4.348 106.507 5.283
201812 4.601 105.998 5.618
201903 4.759 107.251 5.743
201906 4.680 108.070 5.605
201909 4.920 108.329 5.878
201912 4.930 108.420 5.885
202003 6.566 108.902 7.803
202006 4.573 108.767 5.441
202009 4.413 109.815 5.201
202012 4.335 109.897 5.105
202103 4.398 111.754 5.093
202106 4.511 114.631 5.093
202109 4.500 115.734 5.032
202112 4.809 117.630 5.291
202203 4.937 121.301 5.267
202206 5.666 125.017 5.866
202209 7.130 125.227 7.369
202212 7.361 125.222 7.608
202303 7.299 127.348 7.418
202306 7.002 128.729 7.040
202309 7.168 129.860 7.144
202312 7.156 129.419 7.156
202403 7.166 129.419 7.166

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


Cullen/Frost Bankers  (FRA:CFZ) 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.

Cullen/Frost Bankers's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=98.00/22.77
=4.30

* 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 13 years, the highest Cyclically Adjusted PS Ratio of Cullen/Frost Bankers was 7.05. The lowest was 2.92. And the median was 5.16.


Be Aware

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


Cullen/Frost Bankers Cyclically Adjusted Revenue per Share Related Terms

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


Cullen/Frost Bankers (FRA:CFZ) Business Description

Industry
Traded in Other Exchanges
Address
111 W. Houston Street, San Antonio, TX, USA, 78205
Cullen/Frost Bankers is a financial holding company, headquartered in San Antonio. One of the 50 largest U.S. banks, Frost provides a wide range of banking, investments, and insurance services to businesses and individuals across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, Rio Grande Valley, and San Antonio regions.

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