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Itausa Investimentos ITAU (BSP:ITSA3) Cyclically Adjusted PS Ratio : 5.80 (As of May. 17, 2024)


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What is Itausa Investimentos ITAU Cyclically Adjusted PS Ratio?

As of today (2024-05-17), Itausa Investimentos ITAU's current share price is R$10.33. Itausa Investimentos ITAU's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$1.78. Itausa Investimentos ITAU's Cyclically Adjusted PS Ratio for today is 5.80.

The historical rank and industry rank for Itausa Investimentos ITAU's Cyclically Adjusted PS Ratio or its related term are showing as below:

BSP:ITSA3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.61   Med: 4.4   Max: 7.52
Current: 5.78

During the past years, Itausa Investimentos ITAU's highest Cyclically Adjusted PS Ratio was 7.52. The lowest was 1.61. And the median was 4.40.

BSP:ITSA3's Cyclically Adjusted PS Ratio is ranked worse than
88.51% of 444 companies
in the Conglomerates industry
Industry Median: 0.765 vs BSP:ITSA3: 5.78

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.

Itausa Investimentos ITAU's adjusted revenue per share data for the three months ended in Mar. 2024 was R$0.187. 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 R$1.78 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Itausa Investimentos ITAU Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Itausa Investimentos ITAU'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.

Itausa Investimentos ITAU Cyclically Adjusted PS Ratio Chart

Itausa Investimentos ITAU 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 5.17 4.59 4.60 4.64 5.71

Itausa Investimentos ITAU Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 4.64 4.29 4.73 5.71 5.89

Competitive Comparison of Itausa Investimentos ITAU's Cyclically Adjusted PS Ratio

For the Conglomerates subindustry, Itausa Investimentos ITAU'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.


Itausa Investimentos ITAU's Cyclically Adjusted PS Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Itausa Investimentos ITAU's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Itausa Investimentos ITAU's Cyclically Adjusted PS Ratio falls into.



Itausa Investimentos ITAU 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.

Itausa Investimentos ITAU's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.33/1.78
=5.80

* 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.

Itausa Investimentos ITAU's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Itausa Investimentos ITAU'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)
=0.187/159.3724*159.3724
=0.187

Current CPI (Mar. 2024) = 159.3724.

Itausa Investimentos ITAU Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.306 90.447 0.539
201406 0.292 91.838 0.507
201409 0.345 92.602 0.594
201412 0.358 94.194 0.606
201503 0.344 97.799 0.561
201506 0.319 100.006 0.508
201509 0.488 101.392 0.767
201512 0.297 104.247 0.454
201603 0.321 106.979 0.478
201606 0.338 108.851 0.495
201609 0.335 109.986 0.485
201612 0.342 110.802 0.492
201703 0.358 111.869 0.510
201706 0.356 112.115 0.506
201709 0.372 112.777 0.526
201712 0.314 114.068 0.439
201803 0.438 114.868 0.608
201806 0.357 117.038 0.486
201809 0.426 117.881 0.576
201812 0.439 118.340 0.591
201903 0.398 120.124 0.528
201906 0.396 120.977 0.522
201909 0.360 121.292 0.473
201912 0.551 123.436 0.711
202003 0.260 124.092 0.334
202006 0.197 123.557 0.254
202009 0.391 125.095 0.498
202012 0.599 129.012 0.740
202103 0.432 131.660 0.523
202106 0.591 133.871 0.704
202109 0.533 137.913 0.616
202112 -0.497 141.992 -0.558
202203 0.208 146.537 0.226
202206 0.600 149.784 0.638
202209 0.212 147.800 0.229
202212 0.194 150.207 0.206
202303 0.168 153.352 0.175
202309 0.174 155.464 0.178
202312 0.189 157.148 0.192
202403 0.187 159.372 0.187

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.


Itausa Investimentos ITAU  (BSP:ITSA3) 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.


Itausa Investimentos ITAU Cyclically Adjusted PS Ratio Related Terms

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


Itausa Investimentos ITAU (BSP:ITSA3) Business Description

Traded in Other Exchanges
Address
Avenue Paulista, 1938, 5th Floor, Bela Vista, Jabaquara, Sao Paulo, SP, BRA, 01310-200
Itausa Investimentos ITAU SA is a Brazilian conglomerate with activities mainly in investment banking. In addition to financial services, the company controls companies in wood panelling, ceramic, metal sanitary, chemicals, and electronics. The company reports its results as financial segment results and industrial segment results. The financial services segment, which generates more than 99% of revenue, is composed of loans, asset management, custody and bookkeeping services, investment banking, electronic payments, and insurance.

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