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First Farmers Financial (First Farmers Financial) Cyclically Adjusted PS Ratio : 4.91 (As of Jun. 09, 2024)


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What is First Farmers Financial Cyclically Adjusted PS Ratio?

As of today (2024-06-09), First Farmers Financial's current share price is $68.50. First Farmers Financial's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was $13.94. First Farmers Financial's Cyclically Adjusted PS Ratio for today is 4.91.

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

FFMR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.67   Med: 4.91   Max: 5.32
Current: 4.91

During the past 10 years, First Farmers Financial's highest Cyclically Adjusted PS Ratio was 5.32. The lowest was 4.67. And the median was 4.91.

FFMR's Cyclically Adjusted PS Ratio is ranked worse than
86.33% of 1192 companies
in the Banks industry
Industry Median: 2.36 vs FFMR: 4.91

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 Farmers Financial's adjusted revenue per share data of for the fiscal year that ended in Dec23 was $16.916. 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 $13.94 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Farmers Financial Cyclically Adjusted PS Ratio Historical Data

The historical data trend for First Farmers 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 Farmers Financial Cyclically Adjusted PS Ratio Chart

First Farmers 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 - - - - 5.70

First Farmers 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 - - - 5.70 -

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

For the Banks - Regional subindustry, First Farmers 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 Farmers Financial's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=68.50/13.94
=4.91

* 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 Farmers Financial's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, First Farmers Financial's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=16.916/129.4194*129.4194
=16.916

Current CPI (Dec23) = 129.4194.

First Farmers Financial Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 7.892 99.070 10.310
201512 8.863 99.792 11.494
201612 9.474 101.863 12.037
201712 10.303 104.011 12.820
201812 11.285 105.998 13.779
201912 11.901 108.420 14.206
202012 13.468 109.897 15.861
202112 14.647 117.630 16.115
202212 15.360 125.222 15.875
202312 16.916 129.419 16.916

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 Farmers Financial  (OTCPK:FFMR) 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 Farmers Financial Cyclically Adjusted PS Ratio Related Terms

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


First Farmers Financial (First Farmers Financial) Business Description

Traded in Other Exchanges
N/A
Address
123 North Jefferson Street, Converse, IN, USA, 46919
First Farmers Financial Corp and its subsidiaries operate in the banking industry. The bank categorized its services into personal, business, borrowing, and investment divisions. Its products and services include deposits, retirement and health saving accounts, consumer loans, home equity, and account management and leasing. The bank makes commercial, installment and mortgage loans to and receives deposits from customers through its offices located in the Indiana counties of Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tippecanoe, Tipton, Vigo, and Wabash; and Illinois counties of Coles, Edgar, and Vermilion.

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