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Industrial And Commercial Bank Of China (FRA:ICK) Cyclically Adjusted Revenue per Share : €0.21 (As of Mar. 2024)


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What is Industrial And Commercial Bank Of China 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.

Industrial And Commercial Bank Of China's adjusted revenue per share for the three months ended in Mar. 2024 was €0.077. 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 €0.21 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Industrial And Commercial Bank Of China's average Cyclically Adjusted Revenue Growth Rate was 2.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.10% 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 Industrial And Commercial Bank Of China was 8.40% per year. The lowest was 4.50% per year. And the median was 6.70% per year.

As of today (2024-05-26), Industrial And Commercial Bank Of China's current stock price is €0.5432. Industrial And Commercial Bank Of China's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €0.21. Industrial And Commercial Bank Of China's Cyclically Adjusted PS Ratio of today is 2.59.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Industrial And Commercial Bank Of China was 4.47. The lowest was 1.80. And the median was 2.85.


Industrial And Commercial Bank Of China Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Industrial And Commercial Bank Of China'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.

Industrial And Commercial Bank Of China Cyclically Adjusted Revenue per Share Chart

Industrial And Commercial Bank Of China 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 0.23 0.21 0.23 0.25 0.21

Industrial And Commercial Bank Of China 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 0.25 0.23 0.22 0.21 0.21

Competitive Comparison of Industrial And Commercial Bank Of China's Cyclically Adjusted Revenue per Share

For the Banks - Diversified subindustry, Industrial And Commercial Bank Of China'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 And Commercial Bank Of China's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Industrial And Commercial Bank Of China's Cyclically Adjusted PS Ratio falls into.



Industrial And Commercial Bank Of China 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, Industrial And Commercial Bank Of China'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)
=0.077/117.7354*117.7354
=0.077

Current CPI (Mar. 2024) = 117.7354.

Industrial And Commercial Bank Of China Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.055 96.409 0.067
201409 0.056 97.948 0.067
201412 0.061 99.707 0.072
201503 0.075 99.927 0.088
201506 0.070 99.267 0.083
201509 0.065 99.927 0.077
201512 0.067 102.015 0.077
201603 0.075 102.785 0.086
201606 0.061 101.686 0.071
201609 0.059 102.565 0.068
201612 0.056 103.225 0.064
201703 0.071 103.335 0.081
201706 0.064 103.664 0.073
201709 0.062 103.994 0.070
201712 0.064 104.984 0.072
201803 0.070 105.973 0.078
201806 0.071 106.193 0.079
201809 0.066 106.852 0.073
201812 0.066 107.622 0.072
201903 0.087 108.172 0.095
201906 0.074 109.601 0.079
201909 0.074 110.260 0.079
201912 0.069 110.700 0.073
202003 0.083 110.920 0.088
202006 0.078 110.590 0.083
202009 0.074 107.512 0.081
202012 0.068 109.711 0.073
202103 0.084 111.579 0.089
202106 0.085 111.360 0.090
202109 0.084 109.051 0.091
202112 0.086 112.349 0.090
202203 0.091 113.558 0.094
202206 0.087 113.448 0.090
202209 0.079 113.778 0.082
202212 0.071 114.548 0.073
202303 0.085 115.427 0.087
202306 0.078 115.647 0.079
202309 0.066 116.087 0.067
202312 0.067 117.296 0.067
202403 0.077 117.735 0.077

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


Industrial And Commercial Bank Of China  (FRA:ICK) 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.

Industrial And Commercial Bank Of China's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=0.5432/0.21
=2.59

* 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 Industrial And Commercial Bank Of China was 4.47. The lowest was 1.80. And the median was 2.85.


Be Aware

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


Industrial And Commercial Bank Of China Cyclically Adjusted Revenue per Share Related Terms

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


Industrial And Commercial Bank Of China (FRA:ICK) Business Description

Address
3 Garden Road, 33rd Floor, ICBC Tower, Central, Hong Kong, HKG
ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Among these outlets, 417 outlets are located in 42 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 44%, 44%, and 12% of total revenue, respectively; and 39%, 47%, and 24% of profit before tax in 2022. Overseas banking and other business contributed 8% of total revenue and 6% of profit before tax in 2022.

Industrial And Commercial Bank Of China (FRA:ICK) Headlines

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