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Oversea-Chinese Banking (Oversea-Chinese Banking) Cyclically Adjusted Revenue per Share : $4.15 (As of Dec. 2023)


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What is Oversea-Chinese Banking 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.

Oversea-Chinese Banking's adjusted revenue per share for the three months ended in Dec. 2023 was $1.070. 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 $4.15 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Oversea-Chinese Banking's average Cyclically Adjusted Revenue Growth Rate was 5.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.70% 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 Oversea-Chinese Banking was 6.60% per year. The lowest was 3.80% per year. And the median was 5.60% per year.

As of today (2024-04-27), Oversea-Chinese Banking's current stock price is $20.93. Oversea-Chinese Banking's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $4.15. Oversea-Chinese Banking's Cyclically Adjusted PS Ratio of today is 5.04.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Oversea-Chinese Banking was 6.67. The lowest was 3.71. And the median was 4.90.


Oversea-Chinese Banking Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Oversea-Chinese Banking'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.

Oversea-Chinese Banking Cyclically Adjusted Revenue per Share Chart

Oversea-Chinese Banking 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 3.26 3.40 3.67 3.86 4.15

Oversea-Chinese Banking Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.86 4.01 3.99 4.08 4.15

Competitive Comparison of Oversea-Chinese Banking's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Oversea-Chinese Banking'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.


Oversea-Chinese Banking's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Oversea-Chinese Banking's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Oversea-Chinese Banking's Cyclically Adjusted PS Ratio falls into.



Oversea-Chinese Banking 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, Oversea-Chinese Banking'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)
=1.07/129.4194*129.4194
=1.070

Current CPI (Dec. 2023) = 129.4194.

Oversea-Chinese Banking Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.827 99.695 1.074
201406 0.864 100.560 1.112
201409 1.074 100.428 1.384
201412 0.755 99.070 0.986
201503 0.766 99.621 0.995
201506 0.801 100.684 1.030
201509 0.723 100.392 0.932
201512 0.755 99.792 0.979
201603 0.715 100.470 0.921
201606 0.722 101.688 0.919
201609 0.749 101.861 0.952
201612 0.681 101.863 0.865
201703 0.704 102.862 0.886
201706 0.789 103.349 0.988
201709 0.840 104.136 1.044
201712 0.906 104.011 1.127
201803 0.831 105.290 1.021
201806 0.869 106.317 1.058
201809 0.877 106.507 1.066
201812 0.801 105.998 0.978
201903 0.933 107.251 1.126
201906 0.891 108.070 1.067
201909 0.823 108.329 0.983
201912 0.979 108.420 1.169
202003 0.799 108.902 0.950
202006 0.763 108.767 0.908
202009 0.831 109.815 0.979
202012 0.834 109.897 0.982
202103 0.971 111.754 1.124
202106 0.844 114.631 0.953
202109 0.844 115.734 0.944
202112 0.798 117.630 0.878
202203 0.866 121.301 0.924
202206 0.814 125.017 0.843
202209 0.954 125.227 0.986
202212 0.965 125.222 0.997
202303 1.112 127.348 1.130
202306 1.136 128.729 1.142
202309 1.119 129.860 1.115
202312 1.070 129.419 1.070

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


Oversea-Chinese Banking  (OTCPK:OVCHY) 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.

Oversea-Chinese Banking's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=20.93/4.15
=5.04

* 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 Oversea-Chinese Banking was 6.67. The lowest was 3.71. And the median was 4.90.


Be Aware

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


Oversea-Chinese Banking Cyclically Adjusted Revenue per Share Related Terms

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Oversea-Chinese Banking (Oversea-Chinese Banking) Business Description

Traded in Other Exchanges
Address
63 Chulia Street, No. 10-00 OCBC Centre East, Singapore, SGP, 049514
Oversea-Chinese Banking, or OCBC, is the longest-established Singapore bank, founded by the merger of three local banks in 1932. The group's operations include consumer banking; wealth management and private banking (offering through its Bank of Singapore subsidiary); small to midsize enterprise and business banking; corporate and institutional banking; and insurance through majority owned Great Eastern.

Oversea-Chinese Banking (Oversea-Chinese Banking) Headlines

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