GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Citizens BancShares Inc (NAS:FCNCA) » Definitions » Cyclically Adjusted PS Ratio

First Citizens BancShares (First Citizens BancShares) Cyclically Adjusted PS Ratio : 6.98 (As of Jun. 11, 2024)


View and export this data going back to 1992. Start your Free Trial

What is First Citizens BancShares Cyclically Adjusted PS Ratio?

As of today (2024-06-11), First Citizens BancShares's current share price is $1670.84. First Citizens BancShares's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $239.54. First Citizens BancShares's Cyclically Adjusted PS Ratio for today is 6.98.

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

FCNCA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.12   Med: 3.7   Max: 7.59
Current: 6.98

During the past years, First Citizens BancShares's highest Cyclically Adjusted PS Ratio was 7.59. The lowest was 2.12. And the median was 3.70.

FCNCA's Cyclically Adjusted PS Ratio is ranked worse than
94.8% of 1192 companies
in the Banks industry
Industry Median: 2.35 vs FCNCA: 6.98

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.

First Citizens BancShares's adjusted revenue per share data for the three months ended in Mar. 2024 was $163.456. 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 $239.54 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Citizens BancShares Cyclically Adjusted PS Ratio Historical Data

The historical data trend for First Citizens BancShares'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.

First Citizens BancShares Cyclically Adjusted PS Ratio Chart

First Citizens BancShares 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 4.33 4.39 5.72 4.46 6.39

First Citizens BancShares 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 5.47 6.63 6.59 6.39 6.83

Competitive Comparison of First Citizens BancShares's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, First Citizens BancShares'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.


First Citizens BancShares's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where First Citizens BancShares's Cyclically Adjusted PS Ratio falls into.



First Citizens BancShares 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.

First Citizens BancShares's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1670.84/239.54
=6.98

* 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.

First Citizens BancShares's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, First Citizens BancShares'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)
=163.456/131.7762*131.7762
=163.456

Current CPI (Mar. 2024) = 131.7762.

First Citizens BancShares Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 24.149 100.560 31.646
201409 25.452 100.428 33.397
201412 24.536 99.070 32.636
201503 27.310 99.621 36.125
201506 28.485 100.684 37.281
201509 29.069 100.392 38.157
201512 20.157 99.792 26.617
201603 26.239 100.470 34.415
201606 28.630 101.688 37.101
201609 27.207 101.861 35.197
201612 26.117 101.863 33.787
201703 28.141 102.862 36.051
201706 29.685 103.349 37.850
201709 30.744 104.136 38.904
201712 28.745 104.011 36.418
201803 31.067 105.290 38.882
201806 31.983 106.317 39.642
201809 32.674 106.507 40.426
201812 34.841 105.998 43.314
201903 36.205 107.251 44.484
201906 37.883 108.070 46.193
201909 38.888 108.329 47.305
201912 39.516 108.420 48.029
202003 37.433 108.902 45.296
202006 48.744 108.767 59.055
202009 46.996 109.815 56.394
202012 48.191 109.897 57.785
202103 47.168 111.754 55.619
202106 47.372 114.631 54.457
202109 46.353 115.734 52.778
202112 46.353 117.630 51.928
202203 65.403 121.301 71.051
202206 68.163 125.017 71.848
202209 76.170 125.227 80.154
202212 82.409 125.222 86.722
202303 86.039 127.348 89.031
202306 172.376 128.729 176.457
202309 173.946 129.860 176.513
202312 169.876 129.419 172.970
202403 163.456 131.776 163.456

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.


First Citizens BancShares  (NAS:FCNCA) 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.


First Citizens BancShares Cyclically Adjusted PS Ratio Related Terms

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


First Citizens BancShares (First Citizens BancShares) Business Description

Traded in Other Exchanges
Address
4300 Six Forks Road, Raleigh, NC, USA, 27609
First Citizens BancShares Inc is the bank holding company of First Citizens Bank & Trust Company. FCB was founded as the Bank of Smithfield in North Carolina and has expanded through both de novo branching and acquisitions. FCB currently operates in nearly half of the continental United States, but principally takes deposits in the Carolinas. The bank's operations have historically been influenced by the Holding family, which has traditionally held executive and director positions, as well as controlling a large percentage of its outstanding stock. FCB provides a wide range of retail and commercial banking services, including traditional lending and deposit-taking, as well as trust and wealth management. FCB's main source of revenue is net interest income.
Executives
Ellen R Alemany director, officer: Vice Chairwoman ONE ADP BOULEVARD, ROSELAND NJ 07068
Carson H Brice 10 percent owner PO BOX 1352, SMITHFIELD NC 27577
Holding Frank B Jr director, officer: President and CAO 4300 SIX FORKS ROAD, RALEIGH NC 27609
Craig L Nix officer: Vice President-Finance 4300 SIX FORKS ROAD, RALEIGH NC 27609
Randolph R Martin officer: Chief Credit Officer-General 4300 SIX FORKS ROAD, RALEIGH NC 27609
Andrew Giangrave officer: Chief Credit Officer 4300 SIX FORKS ROAD, RALEIGH NC 27609
Eugene Jr Flood director 151 DETROIT STREET, DENVER CO 80206
Jeffery L Ward officer: Chief Strategy Officer 4300 SIX FORKS ROAD, RALEIGH NC 27604
Daniel L Heavner director 4300 SIX FORKS ROAD, RALEIGH NC 27609
Marisa Harney officer: Chief Credit Officer C/O CIT GROUP INC., 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
Robert R Hoppe director 4300 SIX FORKS ROAD, RALEIGH NC 27609
Robert T Newcomb director 4300 SIX FORKS ROAD, RALEIGH NC 27609
West Ludwig officer: Chief Human Resources Officer 4300 SIX FORKS ROAD, RALEIGH NC 27609
Michael A Carpenter director 425 PARK AVENUE 2ND FL, NEW YORK NY 10043
Martin Matthew G. T. officer: Chief Counsel 4300 SIX FORKS ROAD, RALEIGH NC 27609