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HFBK (Harford Bank) Cyclically Adjusted Revenue per Share : $13.90 (As of Sep. 2024)


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What is Harford 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.

Harford Bank's adjusted revenue per share for the three months ended in Sep. 2024 was $4.197. 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 $13.90 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Harford Bank's 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.

As of today (2025-01-18), Harford Bank's current stock price is $34.27. Harford Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was $13.90. Harford Bank's Cyclically Adjusted PS Ratio of today is 2.47.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Harford Bank was 2.82. The lowest was 2.33. And the median was 2.58.


Harford Bank Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Harford 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.

Harford Bank Cyclically Adjusted Revenue per Share Chart

Harford Bank Annual Data
Trend Dec06 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 - - 11.29 12.38 13.20

Harford Bank Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 13.15 13.20 13.54 13.72 13.90

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

For the Banks - Regional subindustry, Harford 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.


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

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

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



Harford 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, Harford Bank's adjusted Revenue per Share data for the three months ended in Sep. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=4.197/133.0289*133.0289
=4.197

Current CPI (Sep. 2024) = 133.0289.

Harford Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200703 1.854 86.640 2.847
200706 1.935 87.906 2.928
200709 2.065 87.964 3.123
200809 2.027 92.307 2.921
201512 0.000 99.792 0.000
201603 2.274 100.470 3.011
201606 2.298 101.688 3.006
201609 2.390 101.861 3.121
201612 2.188 101.863 2.857
201703 2.330 102.862 3.013
201706 2.399 103.349 3.088
201709 2.440 104.136 3.117
201712 2.462 104.011 3.149
201803 2.487 105.290 3.142
201806 2.487 106.317 3.112
201809 2.598 106.507 3.245
201812 2.667 105.998 3.347
201903 2.619 107.251 3.248
201906 2.609 108.070 3.212
201909 2.676 108.329 3.286
201912 2.653 108.420 3.255
202003 2.626 108.902 3.208
202006 2.925 108.767 3.577
202009 3.053 109.815 3.698
202012 3.333 109.897 4.035
202103 3.390 111.754 4.035
202106 3.175 114.631 3.685
202109 3.470 115.734 3.989
202112 3.358 117.630 3.798
202203 3.106 121.301 3.406
202206 3.294 125.017 3.505
202209 3.733 125.227 3.966
202212 3.984 125.222 4.232
202303 3.978 127.348 4.155
202306 4.011 128.729 4.145
202309 3.846 129.860 3.940
202312 3.804 129.419 3.910
202403 3.927 131.776 3.964
202406 4.079 132.554 4.094
202409 4.197 133.029 4.197

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


Harford Bank  (OTCPK:HFBK) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=34.27/13.9
=2.47

* 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 Harford Bank was 2.82. The lowest was 2.33. And the median was 2.58.


Be Aware

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


Harford Bank Cyclically Adjusted Revenue per Share Related Terms

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


Harford Bank Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Harford Bank (OTCPK:HFBK) » Definitions » Cyclically Adjusted Revenue per Share
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Address
8 West Bel Air Avenue, Aberdeen, MD, USA, 21001
Harford Bank is a banking services company. The company provides a full range of banking services to customers located in Harford and Cecil Counties and surrounding areas of northeastern Maryland. The company conducts general commercial banking in its primary service areas, emphasizing the banking needs of individuals and small to medium-sized businesses and professional concerns. The primary source of income for the Bank is the net interest income it earns. The bank has only one operating segment, which is commercial banking.

Harford Bank Headlines