GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » China Construction Bank Corp (OTCPK:CICHY) » Definitions » Cyclically Adjusted Revenue per Share

China Construction Bank (China Construction Bank) Cyclically Adjusted Revenue per Share : $5.13 (As of Mar. 2024)


View and export this data going back to 2008. Start your Free Trial

What is China Construction 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.

China Construction Bank's adjusted revenue per share for the three months ended in Mar. 2024 was $2.250. 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 $5.13 for the trailing ten years ended in Mar. 2024.

During the past 12 months, China Construction Bank's average Cyclically Adjusted Revenue Growth Rate was 1.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.50% 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 China Construction Bank was 6.50% per year. The lowest was 3.00% per year. And the median was 4.20% per year.

As of today (2024-05-23), China Construction Bank's current stock price is $14.79. China Construction Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $5.13. China Construction Bank's Cyclically Adjusted PS Ratio of today is 2.88.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of China Construction Bank was 4.24. The lowest was 1.86. And the median was 2.53.


China Construction Bank Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for China Construction 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.

China Construction Bank Cyclically Adjusted Revenue per Share Chart

China Construction Bank 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 6.25 6.10 6.38 6.29 5.29

China Construction 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 6.25 5.93 5.17 5.29 5.13

Competitive Comparison of China Construction Bank's Cyclically Adjusted Revenue per Share

For the Banks - Diversified subindustry, China Construction 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.


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

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

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



China Construction 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, China Construction Bank'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)
=2.25/115.2271*115.2271
=2.250

Current CPI (Mar. 2024) = 115.2271.

China Construction Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.797 98.200 2.109
201409 1.861 98.900 2.168
201412 1.824 99.000 2.123
201503 2.097 99.900 2.419
201506 1.920 99.500 2.223
201509 1.849 100.500 2.120
201512 1.785 100.600 2.045
201603 2.297 102.200 2.590
201606 1.748 101.400 1.986
201609 1.664 102.400 1.872
201612 1.467 102.600 1.648
201703 1.982 103.200 2.213
201706 1.737 103.100 1.941
201709 1.832 104.100 2.028
201712 1.782 104.500 1.965
201803 2.329 105.300 2.549
201806 1.956 104.900 2.149
201809 1.884 106.600 2.036
201812 1.686 106.500 1.824
201903 2.247 107.700 2.404
201906 2.027 107.700 2.169
201909 1.971 109.800 2.068
201912 1.785 111.200 1.850
202003 2.361 112.300 2.423
202006 2.046 110.400 2.135
202009 2.117 111.700 2.184
202012 2.086 111.500 2.156
202103 2.642 112.662 2.702
202106 2.476 111.769 2.553
202109 2.606 112.215 2.676
202112 2.335 113.108 2.379
202203 2.559 114.335 2.579
202206 2.398 114.558 2.412
202209 2.178 115.339 2.176
202212 2.036 115.116 2.038
202303 2.366 115.116 2.368
202306 2.192 114.558 2.205
202309 2.044 115.339 2.042
202312 1.918 114.781 1.925
202403 2.250 115.227 2.250

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


China Construction Bank  (OTCPK:CICHY) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=14.79/5.13
=2.88

* 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 China Construction Bank was 4.24. The lowest was 1.86. And the median was 2.53.


Be Aware

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


China Construction Bank Cyclically Adjusted Revenue per Share Related Terms

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


China Construction Bank (China Construction Bank) Business Description

Address
No. 25, Finance Street, Xicheng District, Beijing, CHN, 100033
As one of the big four banks, China Construction Bank is headquartered in Beijing. The bank went public on the Hong Kong Stock Exchange in 2005 and listed shares in mainland China in 2007. Central Huijin Investment, China's sovereign wealth fund manager is the largest shareholder with a 57% share. Fullerton Financial Holdings (a subsidiary of Temasek) is the company's second-largest shareholder with a 4.99% stake. CCB strives to provide customers with comprehensive financial services. Corporate banking, retail banking, and wholesale banking business segments accounted for 36%, 57%, and 7% of profit before tax, respectively, in 2022.