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Carter Bankshares (Carter Bankshares) Cyclically Adjusted PS Ratio : 2.29 (As of May. 13, 2024)


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What is Carter Bankshares Cyclically Adjusted PS Ratio?

As of today (2024-05-13), Carter Bankshares's current share price is $13.01. Carter Bankshares's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $5.69. Carter Bankshares's Cyclically Adjusted PS Ratio for today is 2.29.

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

CARE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.49   Med: 2.67   Max: 3.47
Current: 2.3

During the past years, Carter Bankshares's highest Cyclically Adjusted PS Ratio was 3.47. The lowest was 1.49. And the median was 2.67.

CARE's Cyclically Adjusted PS Ratio is ranked better than
53.65% of 1193 companies
in the Banks industry
Industry Median: 2.42 vs CARE: 2.30

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.

Carter Bankshares's adjusted revenue per share data for the three months ended in Mar. 2024 was $1.436. 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 $5.69 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Carter Bankshares Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Carter Bankshares'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.

Carter Bankshares Cyclically Adjusted PS Ratio Chart

Carter Bankshares 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 - 2.31 3.07 3.05 2.63

Carter Bankshares 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 2.51 2.62 2.19 2.63 2.22

Competitive Comparison of Carter Bankshares's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Carter Bankshares'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.


Carter Bankshares's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



Carter Bankshares 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.

Carter Bankshares's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.01/5.69
=2.29

* 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.

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

For example, Carter Bankshares'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)
=1.436/129.4194*129.4194
=1.436

Current CPI (Mar. 2024) = 129.4194.

Carter Bankshares Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.102 100.560 1.418
201409 1.062 100.428 1.369
201412 1.124 99.070 1.468
201503 1.119 99.621 1.454
201506 1.118 100.684 1.437
201509 1.091 100.392 1.406
201512 1.119 99.792 1.451
201603 1.084 100.470 1.396
201606 0.948 101.688 1.207
201609 0.960 101.861 1.220
201612 0.821 101.863 1.043
201703 1.100 102.862 1.384
201706 1.082 103.349 1.355
201709 1.338 104.136 1.663
201712 0.830 104.011 1.033
201803 1.187 105.290 1.459
201806 1.269 106.317 1.545
201809 1.105 106.507 1.343
201812 0.999 105.998 1.220
201903 1.170 107.251 1.412
201906 1.187 108.070 1.422
201909 1.182 108.329 1.412
201912 1.079 108.420 1.288
202003 1.228 108.902 1.459
202006 1.224 108.767 1.456
202009 1.201 109.815 1.415
202012 1.197 109.897 1.410
202103 1.318 111.754 1.526
202106 1.181 114.631 1.333
202109 1.329 115.734 1.486
202112 1.248 117.630 1.373
202203 1.264 121.301 1.349
202206 1.527 125.017 1.581
202209 1.738 125.227 1.796
202212 1.935 125.222 2.000
202303 1.895 127.348 1.926
202306 1.317 128.729 1.324
202309 1.388 129.860 1.383
202312 1.265 129.419 1.265
202403 1.436 129.419 1.436

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.


Carter Bankshares  (NAS:CARE) 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.


Carter Bankshares Cyclically Adjusted PS Ratio Related Terms

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


Carter Bankshares (Carter Bankshares) Business Description

Traded in Other Exchanges
Address
1300 Kings Mountain Road, Martinsville, VA, USA, 24112
Carter Bankshares Inc is a bank holding company that conducts its business solely through the bank. The Bank earns revenue from interest on loans and securities and fees charged for financial services provided to customers. The Bank offers a full range of deposit services including Lifetime Free Checking, interest checking accounts, savings accounts, retirement accounts and other deposit accounts of various types, ranging from money market accounts to longer-term CDs. The Bank offers a full range of commercial and consumer loans. The Bank also originates and holds fixed and variable-rate mortgage loans and offers home equity lines of credit to its customers.
Executives
Curtis E Stephens director 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Michael R Bird director 1300 KINGS MOUNTAIN ROAD, 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Arthur Loran Adams officer: EVP, DIRECTOR OF REG RISK MNGT 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Edward Warren Matthews director CARTER BANK & TRUST, 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Robert M. Bolton director 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
James W. Haskins director CARTER BANK & TRUST, 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Van Dyke Litz H director, officer: CHIEF EXECUTIVE OFFICER CARTER BANK & TRUST, 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Catharine L. Midkiff director CARTER BANK & TRUST, 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Jane Ann Davis officer: EVP, CHIEF ADMIN. OFFICER BANK BUILDING CORPORATION, 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Gregory W Feldmann director 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Phyllis Q. Karavatakis director, officer: SR EXEC VP OF SPECIAL PROJECTS CARTER BANK & TRUST, 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Lutz Jacob A Iii director 3941 REEDS LANDING CIRCLE, MIDLOTHIAN VA 23113
Robert W Conner director CARTER BANK & TRUST, 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112
Tony E Kallsen officer: EVP, CHIEF CREDIT OFFICER 43 SOUTH 9TH STREET, INDIANA PA 15701
Kevin S. Bloomfield director 1300 KINGS MOUNTAIN ROAD, MARTINSVILLE VA 24112