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TFS Financial (FRA:PWT) Cyclically Adjusted PS Ratio : 9.91 (As of Jun. 10, 2024)


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What is TFS Financial Cyclically Adjusted PS Ratio?

As of today (2024-06-10), TFS Financial's current share price is €11.50. TFS Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €1.16. TFS Financial's Cyclically Adjusted PS Ratio for today is 9.91.

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

FRA:PWT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.86   Med: 14.88   Max: 20.4
Current: 9.89

During the past years, TFS Financial's highest Cyclically Adjusted PS Ratio was 20.40. The lowest was 8.86. And the median was 14.88.

FRA:PWT's Cyclically Adjusted PS Ratio is ranked worse than
97.48% of 1192 companies
in the Banks industry
Industry Median: 2.35 vs FRA:PWT: 9.89

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.

TFS Financial's adjusted revenue per share data for the three months ended in Mar. 2024 was €0.254. 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 €1.16 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


TFS Financial Cyclically Adjusted PS Ratio Historical Data

The historical data trend for TFS 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.

TFS Financial Cyclically Adjusted PS Ratio Chart

TFS Financial Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.55 13.39 16.60 10.60 9.43

TFS 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 10.20 10.09 9.43 11.80 9.95

Competitive Comparison of TFS Financial's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, TFS 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.


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

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

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



TFS 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=11.50/1.16
=9.91

* 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.

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

For example, TFS 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)
=0.254/131.7762*131.7762
=0.254

Current CPI (Mar. 2024) = 131.7762.

TFS Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.180 100.560 0.236
201409 0.188 100.428 0.247
201412 0.200 99.070 0.266
201503 0.231 99.621 0.306
201506 0.226 100.684 0.296
201509 0.229 100.392 0.301
201512 0.236 99.792 0.312
201603 0.235 100.470 0.308
201606 0.231 101.688 0.299
201609 0.233 101.861 0.301
201612 0.249 101.863 0.322
201703 0.250 102.862 0.320
201706 0.240 103.349 0.306
201709 0.227 104.136 0.287
201712 0.228 104.011 0.289
201803 0.223 105.290 0.279
201806 0.239 106.317 0.296
201809 0.228 106.507 0.282
201812 0.230 105.998 0.286
201903 0.232 107.251 0.285
201906 0.225 108.070 0.274
201909 0.229 108.329 0.279
201912 0.247 108.420 0.300
202003 0.241 108.902 0.292
202006 0.250 108.767 0.303
202009 0.206 109.815 0.247
202012 0.237 109.897 0.284
202103 0.223 111.754 0.263
202106 0.198 114.631 0.228
202109 0.201 115.734 0.229
202112 0.209 117.630 0.234
202203 0.223 121.301 0.242
202206 0.261 125.017 0.275
202209 0.290 125.227 0.305
202212 0.272 125.222 0.286
202303 0.250 127.348 0.259
202306 0.247 128.729 0.253
202309 0.254 129.860 0.258
202312 0.248 129.419 0.253
202403 0.254 131.776 0.254

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.


TFS Financial  (FRA:PWT) 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.


TFS Financial Cyclically Adjusted PS Ratio Related Terms

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


TFS Financial (FRA:PWT) Business Description

Traded in Other Exchanges
Address
7007 Broadway Avenue, Cleveland, OH, USA, 44105
TFS Financial Corp is the holding company for the Third Federal Savings and Loan Association of Cleveland. The company's ownership in the savings and loan association is its primary business activity. The association's principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits. It does so by offering products with competitive rates and yields. The company also operates Third Capital, a wholly owned subsidiary that serves as a holding company or as an investor in vehicles such as private equity funds. Third Capital has interests in lease transactions of commercial buildings, title agencies providing escrow and settlement services, and reinsurance of private mortgage insurance on residential loans.

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