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ConnectOne Bancorp (ConnectOne Bancorp) Cyclically Adjusted Revenue per Share : $6.70 (As of Mar. 2024)


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What is ConnectOne Bancorp 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.

ConnectOne Bancorp's adjusted revenue per share for the three months ended in Mar. 2024 was $1.666. 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 $6.70 for the trailing ten years ended in Mar. 2024.

During the past 12 months, ConnectOne Bancorp's average Cyclically Adjusted Revenue Growth Rate was 7.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 11.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 9.40% 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 ConnectOne Bancorp was 12.50% per year. The lowest was 0.50% per year. And the median was 4.30% per year.

As of today (2024-06-06), ConnectOne Bancorp's current stock price is $18.02. ConnectOne Bancorp's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $6.70. ConnectOne Bancorp's Cyclically Adjusted PS Ratio of today is 2.69.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of ConnectOne Bancorp was 8.70. The lowest was 2.17. And the median was 5.63.


ConnectOne Bancorp Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for ConnectOne Bancorp'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.

ConnectOne Bancorp Cyclically Adjusted Revenue per Share Chart

ConnectOne Bancorp 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 4.25 4.62 5.30 6.05 6.52

ConnectOne Bancorp 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 6.23 6.37 6.49 6.52 6.70

Competitive Comparison of ConnectOne Bancorp's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, ConnectOne Bancorp'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.


ConnectOne Bancorp's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



ConnectOne Bancorp 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, ConnectOne Bancorp'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)
=1.666/131.7762*131.7762
=1.666

Current CPI (Mar. 2024) = 131.7762.

ConnectOne Bancorp Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.815 100.560 1.068
201409 0.954 100.428 1.252
201412 1.020 99.070 1.357
201503 0.990 99.621 1.310
201506 0.989 100.684 1.294
201509 1.106 100.392 1.452
201512 1.080 99.792 1.426
201603 1.075 100.470 1.410
201606 1.118 101.688 1.449
201609 1.271 101.861 1.644
201612 1.103 101.863 1.427
201703 1.123 102.862 1.439
201706 1.132 103.349 1.443
201709 1.205 104.136 1.525
201712 1.289 104.011 1.633
201803 1.221 105.290 1.528
201806 1.246 106.317 1.544
201809 1.276 106.507 1.579
201812 1.285 105.998 1.598
201903 1.322 107.251 1.624
201906 1.341 108.070 1.635
201909 1.433 108.329 1.743
201912 1.412 108.420 1.716
202003 1.471 108.902 1.780
202006 1.651 108.767 2.000
202009 1.615 109.815 1.938
202012 1.631 109.897 1.956
202103 1.606 111.754 1.894
202106 1.692 114.631 1.945
202109 1.812 115.734 2.063
202112 1.862 117.630 2.086
202203 1.848 121.301 2.008
202206 2.000 125.017 2.108
202209 2.071 125.227 2.179
202212 2.070 125.222 2.178
202303 1.778 127.348 1.840
202306 1.724 128.729 1.765
202309 1.698 129.860 1.723
202312 1.707 129.419 1.738
202403 1.666 131.776 1.666

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


ConnectOne Bancorp  (NAS:CNOB) 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.

ConnectOne Bancorp's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=18.02/6.7
=2.69

* 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 ConnectOne Bancorp was 8.70. The lowest was 2.17. And the median was 5.63.


Be Aware

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


ConnectOne Bancorp Cyclically Adjusted Revenue per Share Related Terms

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


ConnectOne Bancorp (ConnectOne Bancorp) Business Description

Industry
Traded in Other Exchanges
Address
301 Sylvan Avenue, Englewood Cliffs, NJ, USA, 07632
ConnectOne Bancorp Inc is a holding company. The company through its holding provides banking services including lending, depository, and related financial services to commercial, industrial and governmental customers. It is managed as one segment: a community bank. It generates revenue from net interest income.
Executives
Stephen T. Boswell director CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
William Thompson director C/O CENTER BANCORP INC, 2455 MORRIS AVENUE, UNION NJ 07083
Michael W Kempner director CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Daniel E Rifkin director C/O CONNECTONE BANK, 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Christopher J. Ewing officer: EVP & Chief Operations Officer CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Katherin Nukk-freeman director C/O CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Joseph Jr. Parisi director CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Frank Iii Sorrentino director, officer: Chairman, President & CEO CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Anson M. Moise director C/O CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Michael O'malley officer: EVP & Chief Risk Officer C/O CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Frank Iii Huttle director CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Frank W Baier director CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Mark Sokolich director 204 MAIN STREET, FORT LEE NJ 07024
William S Burns officer: EVP & Chief Financial Officer C/O CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Laura Criscione officer: EVP & Chief Compliance Officer CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632