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Citizens Financial Group (Citizens Financial Group) Cyclically Adjusted PS Ratio : 2.29 (As of Apr. 27, 2024)


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What is Citizens Financial Group Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Citizens Financial Group's current share price is $35.15. Citizens Financial Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $15.37. Citizens Financial Group's Cyclically Adjusted PS Ratio for today is 2.29.

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

CFG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.5   Med: 2.17   Max: 3.12
Current: 2.28

During the past years, Citizens Financial Group's highest Cyclically Adjusted PS Ratio was 3.12. The lowest was 1.50. And the median was 2.17.

CFG's Cyclically Adjusted PS Ratio is ranked better than
53.8% of 1184 companies
in the Banks industry
Industry Median: 2.38 vs CFG: 2.28

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.

Citizens Financial Group's adjusted revenue per share data for the three months ended in Dec. 2023 was $4.252. 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 $15.37 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Citizens Financial Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Citizens Financial Group'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.

Citizens Financial Group Cyclically Adjusted PS Ratio Chart

Citizens Financial Group 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 - - - 2.76 2.16

Citizens Financial Group 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 2.07 1.74 1.76 2.16 -

Competitive Comparison of Citizens Financial Group's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Citizens Financial Group'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.


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

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

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



Citizens Financial Group 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=35.15/15.37
=2.29

* 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.

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

For example, Citizens Financial Group'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)
=4.252/129.4194*129.4194
=4.252

Current CPI (Dec. 2023) = 129.4194.

Citizens Financial Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.082 99.695 2.703
201406 2.116 100.560 2.723
201409 2.072 100.428 2.670
201412 2.141 99.070 2.797
201503 2.152 99.621 2.796
201506 2.223 100.684 2.857
201509 2.267 100.392 2.922
201512 2.341 99.792 3.036
201603 2.326 100.470 2.996
201606 2.410 101.688 3.067
201609 2.639 101.861 3.353
201612 2.662 101.863 3.382
201703 2.707 102.862 3.406
201706 2.751 103.349 3.445
201709 2.874 104.136 3.572
201712 3.007 104.011 3.742
201803 2.988 105.290 3.673
201806 3.104 106.317 3.778
201809 3.275 106.507 3.980
201812 3.397 105.998 4.148
201903 3.420 107.251 4.127
201906 3.544 108.070 4.244
201909 3.663 108.329 4.376
201912 3.767 108.420 4.497
202003 3.859 108.902 4.586
202006 4.093 108.767 4.870
202009 4.185 109.815 4.932
202012 3.986 109.897 4.694
202103 3.875 111.754 4.488
202106 3.763 114.631 4.248
202109 3.878 115.734 4.337
202112 4.031 117.630 4.435
202203 3.874 121.301 4.133
202206 3.989 125.017 4.129
202209 4.376 125.227 4.523
202212 4.567 125.222 4.720
202303 4.363 127.348 4.434
202306 4.354 128.729 4.377
202309 4.274 129.860 4.260
202312 4.252 129.419 4.252

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.


Citizens Financial Group  (NYSE:CFG) 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.


Citizens Financial Group Cyclically Adjusted PS Ratio Related Terms

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


Citizens Financial Group (Citizens Financial Group) Business Description

Address
One Citizens Plaza, Providence, RI, USA, RI 02903
Citizens Financial Group is a bank holding company headquartered in Providence, Rhode Island. Its two primary business segments are consumer banking and commercial banking. Citizens offers a mix of retail and commercial products including capital markets and wealth options. The bank has over 1,000 branches in 14 states, although it is primarily concentrated in the Northeast. It has over $220 billion of total assets.
Executives
Terrance J. Lillis director C/O CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., STAMFORD CT 06901
Shivan S. Subramaniam director CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., CS119N, STAMFORD CT 06901
Kevin Cummings director 101 JFK PARKWAY, SHORT HILLS NJ 07078
Michele N Siekerka director 101 JFK PARKWAY, SHORT HILLS NJ 07078
Polly N. Klane officer: General Counsel C/O CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., STAMFORD CT 06901
Michael Ruttledge officer: Chief Information Officer CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., STAMFORD CT 06901
Lee Alexander director CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD. 11TH FLOOR, STAMFORD CT 06901
Christopher Swift director HARBORSIDE FINANCIAL CENTER, 3200 PLAZA 5, JERSEY CITY NJ 07311
Brendan Coughlin officer: Head of Consumer Banking CITIZENS FINANCIAL GROUP, INC, 600 WASHINGTON BLVD. 11TH FLOOR, STAMFORD CT 06901
William P Hankowsky director C/O LIBERTY PROPERTY TRUST, 65 VALLEY STREAM PARKWAY, MALVERN PA 19355
Robert G Leary director CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD,, STAMFORD CT 06901
Charles John Koch director CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., CS119N, STAMFORD CT 06901
Higdon Leo I Jr director 1700 LINCOLN STREET, 28TH FLOOR, DENVER CO 80203
Elizabeth S. Johnson officer: Chief Experience Officer CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., STAMFORD CT 06901
Susan Lamonica officer: Chief Human Resources Officer CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD. 11TH FLOOR, STAMFORD CT 06901