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Banco BTG Pactual S.A. (BSP:BPAC3) Cyclically Adjusted Revenue per Share : R$1.50 (As of Dec. 2023)


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What is Banco BTG Pactual S.A. Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Banco BTG Pactual S.A.'s adjusted revenue per share for the three months ended in Dec. 2023 was R$0.748. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is R$1.50 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Banco BTG Pactual S.A.'s average Cyclically Adjusted Revenue Growth Rate was 24.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

As of today (2024-05-20), Banco BTG Pactual S.A.'s current stock price is R$17.49. Banco BTG Pactual S.A.'s Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was R$1.50. Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio of today is 11.66.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Banco BTG Pactual S.A. was 13.73. The lowest was 8.17. And the median was 11.39.


Banco BTG Pactual S.A. Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Banco BTG Pactual S.A.'s Cyclically Adjusted Revenue per Share 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.

Banco BTG Pactual S.A. Cyclically Adjusted Revenue per Share Chart

Banco BTG Pactual S.A. Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.21 1.50

Banco BTG Pactual S.A. Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Revenue per Share 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 1.21 1.27 1.32 1.43 1.50

Competitive Comparison of Banco BTG Pactual S.A.'s Cyclically Adjusted Revenue per Share

For the Capital Markets subindustry, Banco BTG Pactual S.A.'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.


Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio falls into.



Banco BTG Pactual S.A. Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Banco BTG Pactual S.A.'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)
=0.748/157.1481*157.1481
=0.748

Current CPI (Dec. 2023) = 157.1481.

Banco BTG Pactual S.A. Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201206 0.000 80.803 0.000
201209 0.087 81.948 0.167
201212 0.296 83.581 0.557
201306 0.000 86.214 0.000
201312 0.000 88.522 0.000
201406 0.000 91.838 0.000
201412 0.000 94.194 0.000
201506 0.000 100.006 0.000
201512 0.000 104.247 0.000
201603 0.331 106.979 0.486
201606 0.418 108.851 0.603
201612 0.000 110.802 0.000
201703 0.156 111.869 0.219
201706 0.071 112.115 0.100
201709 0.157 112.777 0.219
201712 0.100 114.068 0.138
201803 0.135 114.868 0.185
201806 0.068 117.038 0.091
201809 0.100 117.881 0.133
201812 -0.307 118.340 -0.408
201903 0.134 120.124 0.175
201906 0.199 120.977 0.258
201909 0.182 121.292 0.236
201912 0.275 123.436 0.350
202003 0.055 124.092 0.070
202006 0.249 123.557 0.317
202009 0.233 125.095 0.293
202012 0.466 129.012 0.568
202103 0.212 131.660 0.253
202106 0.438 133.871 0.514
202109 0.464 137.913 0.529
202112 0.410 141.992 0.454
202203 0.591 146.537 0.634
202206 0.573 149.784 0.601
202209 0.713 147.800 0.758
202212 0.679 150.207 0.710
202303 0.589 153.352 0.604
202306 0.626 154.519 0.637
202309 0.833 155.464 0.842
202312 0.748 157.148 0.748

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Banco BTG Pactual S.A.  (BSP:BPAC3) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Banco BTG Pactual S.A.'s Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=17.49/1.5
=11.66

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Banco BTG Pactual S.A. was 13.73. The lowest was 8.17. And the median was 11.39.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Banco BTG Pactual S.A. Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Banco BTG Pactual S.A.'s Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Banco BTG Pactual S.A. (BSP:BPAC3) Business Description

Traded in Other Exchanges
Address
Avenue Brigadeiro Faria Lima, 14th Floor, Sao Paulo, SP, BRA, 3477
Banco BTG Pactual S.A. is a Brazil-based banking firm. The core activities of the company involve investment banking and investment management activities. It also provides corporate lending, brokerage service, commercial, consumer, and merchant banking services. Banco BTG is one of the largest asset management firms in Latin America and has a foreign presence in countries like Mexico, the United Kingdom and the United States. Its product portfolio includes instruments like fixed income, equity, and hedge funds.

Banco BTG Pactual S.A. (BSP:BPAC3) Headlines

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