GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Wells Fargo & Co (BUE:WFC) » Definitions » Cyclically Adjusted Revenue per Share

Wells Fargo (BUE:WFC) Cyclically Adjusted Revenue per Share : ARS4,652.17 (As of Mar. 2024)


View and export this data going back to . Start your Free Trial

What is Wells Fargo 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.

Wells Fargo's adjusted revenue per share for the three months ended in Mar. 2024 was ARS24,411.930. 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 ARS4,652.17 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Wells Fargo's average Cyclically Adjusted Revenue Growth Rate was 3.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 3.80% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Wells Fargo was 18.30% per year. The lowest was 1.60% per year. And the median was 6.40% per year.

As of today (2024-05-14), Wells Fargo's current stock price is ARS13139.00. Wells Fargo's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ARS4,652.17. Wells Fargo's Cyclically Adjusted PS Ratio of today is 2.82.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Wells Fargo was 3.82. The lowest was 1.19. And the median was 2.89.


Wells Fargo Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Wells Fargo'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.

Wells Fargo Cyclically Adjusted Revenue per Share Chart

Wells Fargo 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 267.58 507.73 788.46 1,388.41 4,209.08

Wells Fargo Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1,711.18 2,182.87 3,554.48 4,209.08 4,652.17

Competitive Comparison of Wells Fargo's Cyclically Adjusted Revenue per Share

For the Banks - Diversified subindustry, Wells Fargo'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.


Wells Fargo's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



Wells Fargo 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, Wells Fargo'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)
=24411.93/129.4194*129.4194
=24,411.930

Current CPI (Mar. 2024) = 129.4194.

Wells Fargo Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 156.531 100.560 201.454
201409 162.509 100.428 209.422
201412 170.623 99.070 222.893
201503 175.836 99.621 228.431
201506 181.025 100.684 232.690
201509 189.673 100.392 244.516
201512 264.481 99.792 343.002
201603 311.877 100.470 401.740
201606 300.089 101.688 381.926
201609 324.827 101.861 412.709
201612 345.777 101.863 439.319
201703 338.341 102.862 425.695
201706 363.867 103.349 455.654
201709 383.116 104.136 476.135
201712 424.184 104.011 527.806
201803 448.160 105.290 550.868
201806 548.524 106.317 667.718
201809 837.003 106.507 1,017.067
201812 841.794 105.998 1,027.798
201903 921.352 107.251 1,111.797
201906 1,072.694 108.070 1,284.612
201909 1,402.100 108.329 1,675.066
201912 1,527.064 108.420 1,822.833
202003 1,329.628 108.902 1,580.140
202006 1,524.613 108.767 1,814.098
202009 1,735.177 109.815 2,044.946
202012 1,790.124 109.897 2,108.130
202103 2,001.154 111.754 2,317.476
202106 2,310.071 114.631 2,608.081
202109 2,251.111 115.734 2,517.296
202112 2,742.023 117.630 3,016.854
202203 2,459.991 121.301 2,624.633
202206 2,684.081 125.017 2,778.604
202209 3,553.758 125.227 3,672.747
202212 4,381.866 125.222 4,528.752
202303 5,361.791 127.348 5,449.013
202306 6,614.835 128.729 6,650.327
202309 9,915.377 129.860 9,881.773
202312 10,107.961 129.419 10,107.961
202403 24,411.930 129.419 24,411.930

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


Wells Fargo  (BUE:WFC) 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.

Wells Fargo's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=13139.00/4652.17
=2.82

* 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 Wells Fargo was 3.82. The lowest was 1.19. And the median was 2.89.


Be Aware

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


Wells Fargo Cyclically Adjusted Revenue per Share Related Terms

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


Wells Fargo (BUE:WFC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Wells Fargo & Co (BUE:WFC) » Definitions » Cyclically Adjusted Revenue per Share
Address
420 Montgomery Street, San Francisco, CA, USA, 94104
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.