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PacWest Bancorp (PacWest Bancorp) Cyclically Adjusted Revenue per Share : $10.99 (As of Sep. 2023)


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What is PacWest Bancorp 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.

PacWest Bancorp's adjusted revenue per share for the three months ended in Sep. 2023 was $1.209. 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 $10.99 for the trailing ten years ended in Sep. 2023.

During the past 12 months, PacWest Bancorp's average Cyclically Adjusted Revenue Growth Rate was -0.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 0.60% 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 PacWest Bancorp was 5.80% per year. The lowest was -2.40% per year. And the median was -0.10% per year.

As of today (2024-06-06), PacWest Bancorp's current stock price is $7.54. PacWest Bancorp's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was $10.99. PacWest Bancorp's Cyclically Adjusted PS Ratio of today is 0.69.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of PacWest Bancorp was 6.22. The lowest was 0.41. And the median was 4.17.


PacWest Bancorp Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for PacWest Bancorp'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.

PacWest Bancorp Cyclically Adjusted Revenue per Share Chart

PacWest Bancorp Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.06 9.28 9.51 10.32 10.99

PacWest Bancorp Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 11.07 10.99 11.16 11.05 10.99

Competitive Comparison of PacWest Bancorp's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, PacWest Bancorp'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.


PacWest Bancorp's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



PacWest Bancorp 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, PacWest Bancorp's adjusted Revenue per Share data for the three months ended in Sep. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=1.209/129.8595*129.8595
=1.209

Current CPI (Sep. 2023) = 129.8595.

PacWest Bancorp Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 1.996 98.326 2.636
201403 2.287 99.695 2.979
201406 2.135 100.560 2.757
201409 2.086 100.428 2.697
201412 2.081 99.070 2.728
201503 2.201 99.621 2.869
201506 2.229 100.684 2.875
201509 2.084 100.392 2.696
201512 2.193 99.792 2.854
201603 2.342 100.470 3.027
201606 2.163 101.688 2.762
201609 2.156 101.861 2.749
201612 2.284 101.863 2.912
201703 2.204 102.862 2.782
201706 2.283 103.349 2.869
201709 2.246 104.136 2.801
201712 2.265 104.011 2.828
201803 2.322 105.290 2.864
201806 2.399 106.317 2.930
201809 2.415 106.507 2.945
201812 2.400 105.998 2.940
201903 2.317 107.251 2.805
201906 2.572 108.070 3.091
201909 2.356 108.329 2.824
201912 2.257 108.420 2.703
202003 2.321 108.902 2.768
202006 2.448 108.767 2.923
202009 2.404 109.815 2.843
202012 2.489 109.897 2.941
202103 2.551 111.754 2.964
202106 2.544 114.631 2.882
202109 2.717 115.734 3.049
202112 2.950 117.630 3.257
202203 2.656 121.301 2.843
202206 2.888 125.017 3.000
202209 3.013 125.227 3.124
202212 2.374 125.222 2.462
202303 2.418 127.348 2.466
202306 0.215 128.729 0.217
202309 1.209 129.860 1.209

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


PacWest Bancorp  (NAS:PACW) 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.

PacWest Bancorp's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=7.54/10.99
=0.69

* 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 PacWest Bancorp was 6.22. The lowest was 0.41. And the median was 4.17.


Be Aware

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


PacWest Bancorp Cyclically Adjusted Revenue per Share Related Terms

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


PacWest Bancorp (PacWest Bancorp) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PacWest Bancorp (NAS:PACW) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
N/A
Address
9701 Wilshire Boulevard, Suite 700, Beverly Hills, CA, USA, 90212
PacWest Bancorp is a bank holding company with one wholly-owned banking subsidiary, Pacific Western Bank. The bank has tens of full-service branches mostly located throughout California. The bank provides commercial banking services, including real estate, construction, and commercial loans, as well as comprehensive deposit and treasury management services, to small and midsize businesses. The Bank also provides venture banking products including a comprehensive suite of financial services focused on entrepreneurial and venture-backed businesses. The vast majority of the bank's net revenue comes from net interest income.
Executives
Christopher D Blake officer: Exec VP, Director of HR PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Mark Yung director C/O 335 CONNIE CRESENT, CONCORD A6 L4K 5R2
Eggemeyer John M Iii director PO BOX 1329, RANCHO SANTA FE CA 92067
Craig A Carlson director PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Susan E Lester director PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
C William Hosler director PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Paul Robert Burke director PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
William J Black officer: EVP, Strategy & Corp. Dev. PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Paul W Taylor director 1331 SEVENTEENTH STREET,, SUITE 200, DENVER CO 80202
Stephanie B Mudick director C/O THE STUDENT LOAN CORPORATION, 750 WASHINGTON BLVD., 9TH FLOOR, STAMFORD CT 06897
Matthew P Wagner director, officer: CEO and President PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Kevin L Thompson officer: EVP, CHIEF FINANCIAL OFFICER 18101 VON KARMAN AVENUE, STE. 750, IRVINE CA 92612
Stanley R Ivie officer: EVP, Chief Risk Officer PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Bryan M Corsini officer: EVP & Chief Credit Officer PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Daniel B Platt director PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212