GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Charles Schwab Corp (NYSE:SCHW) » Definitions » Cyclically Adjusted PS Ratio

Charles Schwab (Charles Schwab) Cyclically Adjusted PS Ratio : 8.48 (As of Apr. 27, 2024)


View and export this data going back to 1987. Start your Free Trial

What is Charles Schwab Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Charles Schwab's current share price is $74.99. Charles Schwab's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $8.84. Charles Schwab's Cyclically Adjusted PS Ratio for today is 8.48.

The historical rank and industry rank for Charles Schwab's Cyclically Adjusted PS Ratio or its related term are showing as below:

SCHW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.39   Med: 7.94   Max: 13.61
Current: 8.49

During the past years, Charles Schwab's highest Cyclically Adjusted PS Ratio was 13.61. The lowest was 4.39. And the median was 7.94.

SCHW's Cyclically Adjusted PS Ratio is ranked worse than
77.78% of 576 companies
in the Capital Markets industry
Industry Median: 2.985 vs SCHW: 8.49

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.

Charles Schwab's adjusted revenue per share data for the three months ended in Dec. 2023 was $2.439. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $8.84 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Charles Schwab Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Charles Schwab's Cyclically Adjusted PS Ratio 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.

Charles Schwab Cyclically Adjusted PS Ratio Chart

Charles Schwab Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.48 8.74 11.98 10.30 7.79

Charles Schwab Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio 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 6.26 6.61 6.26 7.79 -

Competitive Comparison of Charles Schwab's Cyclically Adjusted PS Ratio

For the Capital Markets subindustry, Charles Schwab'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.


Charles Schwab's Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Charles Schwab's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Charles Schwab Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Charles Schwab's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=74.99/8.84
=8.48

* 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.

Charles Schwab's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Charles Schwab'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)
=2.439/129.4194*129.4194
=2.439

Current CPI (Dec. 2023) = 129.4194.

Charles Schwab Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.128 99.695 1.464
201406 1.120 100.560 1.441
201409 1.178 100.428 1.518
201412 1.176 99.070 1.536
201503 1.150 99.621 1.494
201506 1.179 100.684 1.515
201509 1.199 100.392 1.546
201512 1.271 99.792 1.648
201603 1.328 100.470 1.711
201606 1.370 101.688 1.744
201609 1.431 101.861 1.818
201612 1.475 101.863 1.874
201703 1.540 102.862 1.938
201706 1.577 103.349 1.975
201709 1.600 104.136 1.988
201712 1.653 104.011 2.057
201803 1.761 105.290 2.165
201806 1.823 106.317 2.219
201809 1.891 106.507 2.298
201812 1.970 105.998 2.405
201903 2.026 107.251 2.445
201906 2.005 108.070 2.401
201909 2.073 108.329 2.477
201912 2.015 108.420 2.405
202003 2.022 108.902 2.403
202006 1.893 108.767 2.252
202009 1.892 109.815 2.230
202012 2.248 109.897 2.647
202103 2.492 111.754 2.886
202106 2.388 114.631 2.696
202109 2.408 115.734 2.693
202112 2.474 117.630 2.722
202203 2.452 121.301 2.616
202206 2.675 125.017 2.769
202209 2.902 125.227 2.999
202212 2.935 125.222 3.033
202303 2.777 127.348 2.822
202306 2.551 128.729 2.565
202309 2.521 129.860 2.512
202312 2.439 129.419 2.439

Add all the adjusted revenue per share together and divide 10 will get our 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.


Charles Schwab  (NYSE:SCHW) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Charles Schwab Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Charles Schwab's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Charles Schwab (Charles Schwab) Business Description

Address
3000 Schwab Way, Westlake, TX, USA, 76262
Charles Schwab operates in brokerage, wealth management, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices, a well-established online investing website, and has mobile trading capabilities. It also operates a bank and a proprietary asset management business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $7 trillion of client assets at the end of December 2022. Nearly all of its revenue is from the United States.
Executives
Carolyn Schwab-pomerantz director 3000 SCHWAB WAY, WESTLAKE TX 76262
Morgan Peter J. Iii officer: General Counsel 211 MAIN STREET, SAN FRANCISCO CA 94105
Peter B. Crawford officer: CFO 211 MAIN STREET, SAN FRANCISCO CA 94105
Charles R. Schwab director, officer: Co-Chairman PO BOX 2226, PALM BEACH FL 33480
Paula A Sneed director THREE LAKES DRIVE, NORTHFIELD IL 60093
Charles A. Ruffel director 3000 SCHWAB WAY, WESTLAKE TX 76262
Arun Sarin director C/O SAFEWAY INC., 5918 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Joan Dea director 229 BRANNAN ST. #18G, SAN FRANCISCO CA 94107
Brian M Levitt director C/O DOMTAR CORPORATION, 234 KINGSLEY PARK DRIVE, FORT MILL SC 29715
Marianne Catherine Brown director 4094 TIMUQUANA ROAD, JACKSONVILLE FL 33210-8571
Richard A Wurster officer: President 3000 SCHWAB WAY, WESTLAKE TX 76262
Bernard J. Clark officer: MD, Head of Adivsor Services C/O THE CHARLES SCHWAB CORPORATION, 211 MAIN STREET, SAN FRANCISCO CA 94105
Gerri Martin-flickinger director C/O TABLEAU SOFTWARE, INC., 1621 N 34TH ST, SEATTLE WA 98103
Mark A Goldfarb director C/O THE CHARLES SCHWAB CORPORATION, 211 MAIN STREET, SAN FRANCISCO CA 94105
Stephen A Ellis director C/O THE CHARLES SCHWAB CORPORATION, 211 MAIN STREET, SAN FRANCISCO CA 94105

Charles Schwab (Charles Schwab) Headlines

From GuruFocus

Charles Schwab Corp Fall Business Update Transcript

By GuruFocus Research 01-23-2024

Charles Schwab Corp Spring Business Update Transcript

By GuruFocus Research 01-23-2024

Charles Schwab Corp Fall Business Update Transcript

By GuruFocus Research 01-23-2024

Charles Schwab Corp Spring Business Update Transcript

By GuruFocus Research 01-23-2024

Charles Schwab Corp Winter Business Update Transcript

By GuruFocus Research 01-23-2024

Charles Schwab Corp Winter Business Update Transcript

By GuruFocus Research 01-23-2024

Charles Schwab Corp Fall Business Update Transcript

By GuruFocus Research 01-23-2024