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Oita Bank (TSE:8392) Cyclically Adjusted Revenue per Share : 円3,585.68 (As of Dec. 2023)


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What is Oita Bank 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.

Oita Bank's adjusted revenue per share for the three months ended in Dec. 2023 was 円900.792. 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 円3,585.68 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Oita Bank's average Cyclically Adjusted Revenue Growth Rate was -100.00% 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 Oita Bank was 2.30% per year. The lowest was -0.50% per year. And the median was 0.40% per year.

As of today (2024-06-10), Oita Bank's current stock price is 円3405.00. Oita Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円3,585.68. Oita Bank's Cyclically Adjusted PS Ratio of today is 0.95.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Oita Bank was 1.39. The lowest was 0.49. And the median was 0.73.


Oita Bank Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Oita Bank'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.

Oita Bank Cyclically Adjusted Revenue per Share Chart

Oita Bank Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,272.07 3,274.29 3,324.79 3,505.50 -

Oita Bank 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 3,505.50 3,527.85 3,571.23 3,585.68 -

Competitive Comparison of Oita Bank's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Oita Bank'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.


Oita Bank's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



Oita Bank 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, Oita Bank's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=900.792/106.8000*106.8000
=900.792

Current CPI (Dec. 2023) = 106.8000.

Oita Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 400.173 95.700 446.588
201406 960.661 98.000 1,046.924
201409 911.975 98.500 988.822
201412 900.754 97.900 982.641
201503 525.938 97.900 573.751
201506 883.399 98.400 958.811
201509 733.851 98.500 795.688
201512 815.243 98.100 887.543
201603 729.428 97.900 795.740
201606 871.408 98.100 948.689
201609 669.879 98.000 730.031
201612 781.236 98.400 847.927
201703 744.868 98.100 810.927
201706 880.062 98.500 954.220
201709 785.050 98.800 848.617
201712 670.880 99.400 720.825
201803 839.802 99.200 904.142
201806 982.201 99.200 1,057.450
201809 736.024 99.900 786.860
201812 798.353 99.700 855.207
201903 617.965 99.700 661.973
201906 729.512 99.800 780.680
201909 658.038 100.100 702.083
201912 753.607 100.500 800.848
202003 1,187.587 100.300 1,264.549
202006 940.905 99.900 1,005.892
202009 793.878 99.900 848.710
202012 897.714 99.300 965.517
202103 835.070 99.900 892.748
202106 932.647 99.500 1,001.072
202109 767.338 100.100 818.698
202112 748.077 100.100 798.148
202203 899.118 101.100 949.810
202206 1,087.905 101.800 1,141.338
202209 1,217.504 103.100 1,261.197
202212 1,132.210 104.100 1,161.576
202303 764.162 104.400 781.729
202306 1,123.072 105.200 1,140.153
202309 1,032.021 106.200 1,037.852
202312 900.792 106.800 900.792

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


Oita Bank  (TSE:8392) 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.

Oita Bank's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=3405.00/3585.68
=0.95

* 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 Oita Bank was 1.39. The lowest was 0.49. And the median was 0.73.


Be Aware

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


Oita Bank Cyclically Adjusted Revenue per Share Related Terms

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


Oita Bank (TSE:8392) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Oita Bank Ltd (TSE:8392) » Definitions » Cyclically Adjusted Revenue per Share
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Address
3-4-1, Funai-cho, Oita, JPN, 870-8601
Oita Bank Ltd is a Japanese regional bank operating primarily in the Oita prefecture, located in the southwest of the nation's archipelago. The bank emphasizes a community-based strategy to create value alongside its operating region. It provides financial services to businesses and individuals, including banking, leasing, and credit cards. A majority of the bank's earning assets are in loans and bills discounted, followed by investment securities. Most of the bank's income is overwhelmingly net interest income, followed by fees and commissions.

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