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SmartFinancial (SmartFinancial) Cyclically Adjusted PS Ratio : 2.59 (As of May. 13, 2024)


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What is SmartFinancial Cyclically Adjusted PS Ratio?

As of today (2024-05-13), SmartFinancial's current share price is $22.65. SmartFinancial's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $8.76. SmartFinancial's Cyclically Adjusted PS Ratio for today is 2.59.

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

SMBK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.8   Med: 2.22   Max: 3.39
Current: 2.57

During the past years, SmartFinancial's highest Cyclically Adjusted PS Ratio was 3.39. The lowest was 0.80. And the median was 2.22.

SMBK's Cyclically Adjusted PS Ratio is ranked worse than
54.99% of 1193 companies
in the Banks industry
Industry Median: 2.42 vs SMBK: 2.57

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.

SmartFinancial's adjusted revenue per share data for the three months ended in Dec. 2023 was $2.310. 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 $8.76 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


SmartFinancial Cyclically Adjusted PS Ratio Historical Data

The historical data trend for SmartFinancial'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.

SmartFinancial Cyclically Adjusted PS Ratio Chart

SmartFinancial 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 2.70 2.19 3.19 3.09 2.79

SmartFinancial 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 2.58 2.40 2.40 2.79 -

Competitive Comparison of SmartFinancial's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, SmartFinancial'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.


SmartFinancial's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



SmartFinancial 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.

SmartFinancial's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22.65/8.76
=2.59

* 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.

SmartFinancial's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, SmartFinancial's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.31/129.4194*129.4194
=2.310

Current CPI (Dec. 2023) = 129.4194.

SmartFinancial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.462 99.695 3.196
201406 2.410 100.560 3.102
201409 1.606 100.428 2.070
201412 1.355 99.070 1.770
201503 1.551 99.621 2.015
201506 1.372 100.684 1.764
201509 1.509 100.392 1.945
201512 1.734 99.792 2.249
201603 1.624 100.470 2.092
201606 1.673 101.688 2.129
201609 1.738 101.861 2.208
201612 1.697 101.863 2.156
201703 1.372 102.862 1.726
201706 1.342 103.349 1.681
201709 1.413 104.136 1.756
201712 1.513 104.011 1.883
201803 1.571 105.290 1.931
201806 1.674 106.317 2.038
201809 1.575 106.507 1.914
201812 1.652 105.998 2.017
201903 1.579 107.251 1.905
201906 1.584 108.070 1.897
201909 1.621 108.329 1.937
201912 1.666 108.420 1.989
202003 1.753 108.902 2.083
202006 1.925 108.767 2.291
202009 1.983 109.815 2.337
202012 2.074 109.897 2.442
202103 2.114 111.754 2.448
202106 2.118 114.631 2.391
202109 2.338 115.734 2.614
202112 2.175 117.630 2.393
202203 2.208 121.301 2.356
202206 2.389 125.017 2.473
202209 2.546 125.227 2.631
202212 2.650 125.222 2.739
202303 2.539 127.348 2.580
202306 2.291 128.729 2.303
202309 1.873 129.860 1.867
202312 2.310 129.419 2.310

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.


SmartFinancial  (NYSE:SMBK) 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.


SmartFinancial Cyclically Adjusted PS Ratio Related Terms

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


SmartFinancial (SmartFinancial) Business Description

Traded in Other Exchanges
N/A
Address
5401 Kingston Pike, Suite 600, Knoxville, TN, USA, 37919
SmartFinancial Inc operates as a bank holding company for SmartBank. It offers various banking and financial services to individuals and corporate customers. The principal business of the Bank consists of attracting deposits from the general public and investing those funds, together with funds generated from operations and from principal and interest payments on loans, primarily in commercial loans, commercial and residential real estate loans, consumer loans, and residential and commercial construction loans. The primary source of revenue is interest income from earning assets, namely loans and securities.
Executives
John M Presley director 770 NORTH WATER STREET, ATTENTION: CORPORATE SECRETARIES DEPT., MILWAUKEE WI 53202
Rhett D. Jordan officer: Chief Credit Officer & EVP 5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Geoffrey Alan Wolpert director 5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Ted Charles Miller director 5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Keith Edward Whaley director 5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Wesley Miller Welborn director, officer: Chairman 6401 LEE HIGHWAY, STE B, CHATTANOOGA TN 37421
David Austin Ogle director 5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Carroll William Young Jr. director, officer: President and CEO 5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Cathy G Ackermann director 5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Clifton N Miller director 5401 KINGSTON PIKE SUITE 600, KNOXVILLE TN 37919
Ronald J Gorczynski officer: Chief Financial Officer & EVP 3980 PREMIER DRIVE, SUITE 210, HIGH POINT NC 27265
Carroll William Young Sr. director, officer: Vice-Chairman 5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Monique Berke director 6401 LEE HIGHWAY, SUITE 119, CHATTANOOGA TN 37421
Ottis H Phillips director 5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
James Beaumont Wicks director 38 RIDGELAND, TUSCALOOSA AL 35406