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SSB (SouthState) Cyclically Adjusted Revenue per Share : $23.50 (As of Mar. 2025)


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What is SouthState 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.

SouthState's adjusted revenue per share for the three months ended in Mar. 2025 was $6.193. 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 $23.50 for the trailing ten years ended in Mar. 2025.

During the past 12 months, SouthState's average Cyclically Adjusted Revenue Growth Rate was 1.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.20% 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 SouthState was 8.00% per year. The lowest was 4.10% per year. And the median was 6.10% per year.

As of today (2025-07-04), SouthState's current stock price is $96.87. SouthState's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $23.50. SouthState's Cyclically Adjusted PS Ratio of today is 4.12.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of SouthState was 5.83. The lowest was 2.36. And the median was 4.14.


SouthState Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for SouthState'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.

SouthState Cyclically Adjusted Revenue per Share Chart

SouthState Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.00 20.56 22.02 22.73 23.18

SouthState Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 23.09 23.18 23.23 23.18 23.50

Competitive Comparison of SouthState's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, SouthState'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.


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

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

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


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SouthState 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, SouthState's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=6.193/134.9266*134.9266
=6.193

Current CPI (Mar. 2025) = 134.9266.

SouthState Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 4.622 100.684 6.194
201509 4.621 100.392 6.211
201512 4.404 99.792 5.955
201603 4.557 100.470 6.120
201606 4.741 101.688 6.291
201609 4.681 101.861 6.201
201612 4.468 101.863 5.918
201703 4.494 102.862 5.895
201706 4.554 103.349 5.945
201709 4.547 104.136 5.891
201712 4.586 104.011 5.949
201803 4.594 105.290 5.887
201806 4.525 106.317 5.743
201809 4.345 106.507 5.504
201812 4.350 105.998 5.537
201903 4.361 107.251 5.486
201906 4.668 108.070 5.828
201909 4.809 108.329 5.990
201912 4.602 108.420 5.727
202003 5.092 108.902 6.309
202006 5.007 108.767 6.211
202009 5.419 109.815 6.658
202012 4.936 109.897 6.060
202103 5.012 111.754 6.051
202106 4.651 114.631 5.474
202109 4.917 115.734 5.732
202112 4.670 117.630 5.357
202203 4.820 121.301 5.361
202206 5.290 125.017 5.709
202209 5.715 125.227 6.158
202212 5.603 125.222 6.037
202303 5.925 127.348 6.278
202306 5.744 128.729 6.021
202309 5.592 129.860 5.810
202312 4.973 129.419 5.185
202403 5.420 131.776 5.550
202406 5.554 132.554 5.653
202409 5.552 133.029 5.631
202412 5.193 133.157 5.262
202503 6.193 134.927 6.193

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


SouthState  (NYSE:SSB) 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.

SouthState's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=96.87/23.50
=4.12

* 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 SouthState was 5.83. The lowest was 2.36. And the median was 4.14.


Be Aware

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


SouthState Cyclically Adjusted Revenue per Share Related Terms

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


SouthState Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SouthState Corp (NYSE:SSB) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
1101 First Street South, Suite 202, Winter Haven, FL, USA, 33880
SouthState Corp is a United States-based bank holding company. It provides a wide range of services and products to its customers through a wholly-owned bank subsidiary, South State Bank. The Bank provides retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans through financial centers in Alabama, Florida, Georgia, North Carolina, South Carolina, and Virginia. These services include demand, time and savings deposits, lending and credit card servicing, ATM processing, and wealth management and trust services.
Executives
Sara Arana officer: Chief Accounting Officer 1101 FIRST STREET SOUTH, WINTER HAVEN FL 33880
Matthews William E V officer: Chief Financial Officer
Renee R Brooks officer: CHIEF ADMINISTRATIVE OFFICER C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Jean E Davis director
Daniel E Bockhorst officer: Chief Credit Officer 42745 U.S. HIGHWAY 27, DAVENPORT FL 33837
Richard Iv Murray officer: President PO BOX 10686, BIRMINGHAM AL 35202
Greg A Lapointe officer: President of SSB 520 GERVAIS STREET, COLUMBIA SC 29201
Page G Ruffner Jr director
Douglas Lloyd Williams officer: President, Atlanta Banking Grp 3280 PEACHTREE ROAD NE, SUITE 1600, ATLANTA GA 30305
John C Pollok officer: Executive Vice President C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Hill Robert R Jr officer: President & CEO C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Robert R Horger director, officer: Chairman C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Ronald M. Cofield director 1101 FIRST STREET SOUTH, WINTER HAVEN FL 33880
Shantella E. Cooper director 241 RALPH MCGILL BLVD., NW, ATLANTA GA 30308
Douglas J. Hertz director 3280 PEACHTREE ROAD NE, SUITE 1600, ATLANTA GA 30305