GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Cadence Bank (NYSE:CADE) » Definitions » Cyclically Adjusted PS Ratio

Cadence Bank (Cadence Bank) Cyclically Adjusted PS Ratio : 2.96 (As of May. 14, 2024)


View and export this data going back to 1985. Start your Free Trial

What is Cadence Bank Cyclically Adjusted PS Ratio?

As of today (2024-05-14), Cadence Bank's current share price is $29.12. Cadence Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $9.84. Cadence Bank's Cyclically Adjusted PS Ratio for today is 2.96.

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

CADE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.8   Med: 2.91   Max: 4.14
Current: 2.93

During the past years, Cadence Bank's highest Cyclically Adjusted PS Ratio was 4.14. The lowest was 1.80. And the median was 2.91.

CADE's Cyclically Adjusted PS Ratio is ranked worse than
63.29% of 1193 companies
in the Banks industry
Industry Median: 2.42 vs CADE: 2.93

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.

Cadence Bank's adjusted revenue per share data for the three months ended in Mar. 2024 was $2.359. 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 $9.84 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cadence Bank Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Cadence Bank'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.

Cadence Bank Cyclically Adjusted PS Ratio Chart

Cadence Bank 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 3.65 3.15 3.23 2.52 3.01

Cadence 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 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 2.09 1.95 2.09 3.01 2.95

Competitive Comparison of Cadence Bank's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Cadence 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.


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

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

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



Cadence Bank 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.

Cadence Bank's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=29.12/9.84
=2.96

* 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.

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

For example, Cadence 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)
=2.359/129.4194*129.4194
=2.359

Current CPI (Mar. 2024) = 129.4194.

Cadence Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.794 100.560 2.309
201409 1.815 100.428 2.339
201412 1.761 99.070 2.300
201503 1.856 99.621 2.411
201506 1.873 100.684 2.408
201509 1.804 100.392 2.326
201512 1.836 99.792 2.381
201603 1.859 100.470 2.395
201606 1.910 101.688 2.431
201609 1.949 101.861 2.476
201612 1.979 101.863 2.514
201703 1.977 102.862 2.487
201706 2.028 103.349 2.540
201709 2.047 104.136 2.544
201712 2.037 104.011 2.535
201803 2.193 105.290 2.696
201806 2.166 106.317 2.637
201809 2.163 106.507 2.628
201812 2.125 105.998 2.595
201903 2.174 107.251 2.623
201906 2.244 108.070 2.687
201909 2.385 108.329 2.849
201912 2.335 108.420 2.787
202003 2.330 108.902 2.769
202006 2.546 108.767 3.029
202009 2.585 109.815 3.046
202012 2.487 109.897 2.929
202103 2.538 111.754 2.939
202106 2.666 114.631 3.010
202109 2.457 115.734 2.748
202112 1.446 117.630 1.591
202203 2.351 121.301 2.508
202206 2.449 125.017 2.535
202209 2.618 125.227 2.706
202212 1.762 125.222 1.821
202303 2.114 127.348 2.148
202306 2.537 128.729 2.551
202309 2.426 129.860 2.418
202312 -0.587 129.419 -0.587
202403 2.359 129.419 2.359

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.


Cadence Bank  (NYSE:CADE) 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.


Cadence Bank Cyclically Adjusted PS Ratio Related Terms

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


Cadence Bank (Cadence Bank) Business Description

Industry
Traded in Other Exchanges
Address
201 South Spring Street, One Mississippi Plaza, Tupelo, MS, USA, 38804
Cadence Bank is a bank based in the United States. The operating segments 1) Banking Services segment provides all traditional banking products and services, including commercial loans and deposits. 2) Mortgage segment includes mortgage banking activities of originating mortgage loans, and selling mortgage loans in the secondary market.3) Wealth Management segment offers individuals, businesses, governmental institutions and non-profit entities solutions to help protect, grow and transfer wealth. 4) Insurance Agencies segment provides service as agents in the sale of commercial lines of insurance and full lines of property and casualty, life, etc. 5) General Corporate and Other segment included other activities not allocated to other aforementioned operating segments.