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First Commonwealth Financial (First Commonwealth Financial) Cyclically Adjusted PS Ratio : 3.09 (As of Jun. 05, 2024)


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What is First Commonwealth Financial Cyclically Adjusted PS Ratio?

As of today (2024-06-05), First Commonwealth Financial's current share price is $13.17. First Commonwealth Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $4.26. First Commonwealth Financial's Cyclically Adjusted PS Ratio for today is 3.09.

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

FCF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.13   Med: 3.56   Max: 5.71
Current: 3.05

During the past years, First Commonwealth Financial's highest Cyclically Adjusted PS Ratio was 5.71. The lowest was 2.13. And the median was 3.56.

FCF's Cyclically Adjusted PS Ratio is ranked worse than
67% of 1185 companies
in the Banks industry
Industry Median: 2.38 vs FCF: 3.05

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.

First Commonwealth Financial's adjusted revenue per share data for the three months ended in Mar. 2024 was $1.138. 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 $4.26 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Commonwealth Financial Cyclically Adjusted PS Ratio Historical Data

The historical data trend for First Commonwealth Financial'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.

First Commonwealth Financial Cyclically Adjusted PS Ratio Chart

First Commonwealth Financial 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 4.67 3.43 4.56 3.60 3.71

First Commonwealth Financial 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 3.12 3.11 2.95 3.71 3.26

Competitive Comparison of First Commonwealth Financial's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, First Commonwealth Financial'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.


First Commonwealth Financial's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

* The bar in red indicates where First Commonwealth Financial's Cyclically Adjusted PS Ratio falls into.



First Commonwealth Financial 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.

First Commonwealth Financial's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.17/4.26
=3.09

* 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.

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

For example, First Commonwealth Financial'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)
=1.138/131.7762*131.7762
=1.138

Current CPI (Mar. 2024) = 131.7762.

First Commonwealth Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.665 100.560 0.871
201409 0.665 100.428 0.873
201412 0.656 99.070 0.873
201503 0.675 99.621 0.893
201506 0.705 100.684 0.923
201509 0.700 100.392 0.919
201512 0.715 99.792 0.944
201603 0.704 100.470 0.923
201606 0.728 101.688 0.943
201609 0.750 101.861 0.970
201612 0.786 101.863 1.017
201703 0.773 102.862 0.990
201706 0.789 103.349 1.006
201709 0.814 104.136 1.030
201712 0.864 104.011 1.095
201803 0.837 105.290 1.048
201806 0.904 106.317 1.120
201809 0.832 106.507 1.029
201812 0.862 105.998 1.072
201903 0.855 107.251 1.051
201906 0.903 108.070 1.101
201909 0.920 108.329 1.119
201912 0.927 108.420 1.127
202003 0.884 108.902 1.070
202006 0.902 108.767 1.093
202009 0.949 109.815 1.139
202012 0.977 109.897 1.172
202103 1.006 111.754 1.186
202106 0.979 114.631 1.125
202109 1.021 115.734 1.163
202112 1.014 117.630 1.136
202203 0.977 121.301 1.061
202206 1.042 125.017 1.098
202209 1.159 125.227 1.220
202212 1.201 125.222 1.264
202303 1.176 127.348 1.217
202306 1.191 128.729 1.219
202309 1.197 129.860 1.215
202312 1.174 129.419 1.195
202403 1.138 131.776 1.138

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.


First Commonwealth Financial  (NYSE:FCF) 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.


First Commonwealth Financial Cyclically Adjusted PS Ratio Related Terms

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


First Commonwealth Financial (First Commonwealth Financial) Business Description

Traded in Other Exchanges
Address
601 Philadelphia Street, Indiana, PA, USA, 15701
First Commonwealth Financial Corp functions in the financial services sector in the United States. Through its subsidiary, it offers a range of consumer and commercial banking services such as personal checking accounts, interest-earning checking accounts, savings accounts, insured money market accounts, investment certificates, fixed & variable rate certificates of deposit, and various kinds of loans. It also provides trust and wealth management services and offers insurance products through the Bank. The company earns the majority of its revenue through net interest income.
Executives
Carrie L Riggle officer: EVP/Human Resources 601 PHILADELPHIA STREET, INDIANA PA 15701
Ray T Charley director 22 N 6TH ST, INDIANA PA 15701
Patricia A. Husic director 601 PHILADELPHIA STREET, INDIANA PA 15701
Matthew C Tomb officer: EVP/Chief Risk Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Brian G Karrip officer: EVP/Chief Credit Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Norman J Montgomery officer: EVP/Business Integration 601 PHILADELPHIA STREET, INDIANA PA 15701
James R Reske officer: EVP/Chief Financial Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Leonard V Lombardi officer: EVP/Chief Audit Executive 601 PHILADELPHIA STREET, INDIANA PA 15701
T Michael Price director, officer: President & CEO 601 PHILADELPHIA STREET, INDIANA PA 15701
Robert J Ventura director 601 PHILADELPHIA STREET, INDIANA PA 15701
Gary R Claus director 601 PHILADELPHIA STREET, INDIANA PA 15701
Jane Grebenc director, officer: EVP/Chief Revenue Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Stephen A Wolfe director 601 PHILADELPHIA STREET, INDIANA PA 15701
Aradhna M Oliphant director 601 PHILADELPHIA STREET, INDIANA PA 15701
David W Greenfield director 601 PHILADELHIA STREET, INDIANA PA 15701

First Commonwealth Financial (First Commonwealth Financial) Headlines

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