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American Homes 4 Rent (American Homes 4 Rent) Cyclically Adjusted PS Ratio : 8.44 (As of Apr. 30, 2024)


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What is American Homes 4 Rent Cyclically Adjusted PS Ratio?

As of today (2024-04-30), American Homes 4 Rent's current share price is $35.80. American Homes 4 Rent's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $4.24. American Homes 4 Rent's Cyclically Adjusted PS Ratio for today is 8.44.

The historical rank and industry rank for American Homes 4 Rent's Cyclically Adjusted PS Ratio or its related term are showing as below:

AMH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.52   Med: 8.73   Max: 13.67
Current: 8.51

During the past years, American Homes 4 Rent's highest Cyclically Adjusted PS Ratio was 13.67. The lowest was 7.52. And the median was 8.73.

AMH's Cyclically Adjusted PS Ratio is ranked worse than
76.63% of 492 companies
in the REITs industry
Industry Median: 5 vs AMH: 8.51

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.

American Homes 4 Rent's adjusted revenue per share data for the three months ended in Dec. 2023 was $1.124. 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 $4.24 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Homes 4 Rent Cyclically Adjusted PS Ratio Historical Data

The historical data trend for American Homes 4 Rent'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.

American Homes 4 Rent Cyclically Adjusted PS Ratio Chart

American Homes 4 Rent 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 - - 13.67 7.92 8.48

American Homes 4 Rent Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 7.92 7.94 8.69 8.04 8.48

Competitive Comparison of American Homes 4 Rent's Cyclically Adjusted PS Ratio

For the REIT - Residential subindustry, American Homes 4 Rent'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.


American Homes 4 Rent's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, American Homes 4 Rent's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where American Homes 4 Rent's Cyclically Adjusted PS Ratio falls into.



American Homes 4 Rent 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.

American Homes 4 Rent's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=35.80/4.24
=8.44

* 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.

American Homes 4 Rent's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, American Homes 4 Rent'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)
=1.124/129.4194*129.4194
=1.124

Current CPI (Dec. 2023) = 129.4194.

American Homes 4 Rent Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.417 99.695 0.541
201406 0.508 100.560 0.654
201409 0.545 100.428 0.702
201412 0.552 99.070 0.721
201503 0.623 99.621 0.809
201506 0.726 100.684 0.933
201509 0.816 100.392 1.052
201512 0.830 99.792 1.076
201603 0.890 100.470 1.146
201606 0.924 101.688 1.176
201609 0.990 101.861 1.258
201612 0.948 101.863 1.204
201703 0.956 102.862 1.203
201706 0.915 103.349 1.146
201709 0.854 104.136 1.061
201712 0.847 104.011 1.054
201803 0.900 105.290 1.106
201806 0.895 106.317 1.089
201809 0.943 106.507 1.146
201812 0.910 105.998 1.111
201903 0.939 107.251 1.133
201906 0.940 108.070 1.126
201909 0.991 108.329 1.184
201912 0.905 108.420 1.080
202003 0.954 108.902 1.134
202006 0.931 108.767 1.108
202009 0.998 109.815 1.176
202012 0.936 109.897 1.102
202103 0.985 111.754 1.141
202106 0.978 114.631 1.104
202109 1.041 115.734 1.164
202112 1.005 117.630 1.106
202203 1.028 121.301 1.097
202206 0.904 125.017 0.936
202209 1.121 125.227 1.159
202212 1.075 125.222 1.111
202303 1.103 127.348 1.121
202306 0.956 128.729 0.961
202309 1.162 129.860 1.158
202312 1.124 129.419 1.124

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.


American Homes 4 Rent  (NYSE:AMH) 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.


American Homes 4 Rent Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of American Homes 4 Rent's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


American Homes 4 Rent (American Homes 4 Rent) Business Description

Industry
Traded in Other Exchanges
Address
280 Pilot Road, Las Vegas, NV, USA, 89119
American Homes 4 Rent is a real estate investment trust primarily focused on acquiring, operating, and leasing single-family homes as rental properties throughout the United States. The company's real estate portfolio is largely comprised of single-family properties in urban markets in the Southern and Midwestern regions of the U.S. American Homes 4 Rent's land holdings also represent a sizable percentage of its total assets in terms of value. The company derives the vast majority of its income in the form of rental revenue from single-family properties through short-term or annual leases. The firm's largest geographical markets include Dallas, Texas; Indianapolis, Indiana; Atlanta, Georgia; and Charlotte, North Carolina in terms of the number of properties in each.
Executives
James H Kropp director 701 WESTERN AVENUE, GLENDALE CA 91201
Bryan Smith officer: Chief Operating Officer C/O AMERICAN HOMES 4 RENT, 280 PILOT ROAD, LAS VEGAS NV 89119
Brian Reitz officer: Chief Accounting Officer C/O AMERICAN HOMES 4 RENT, 280 PILOT ROAD, LAS VEGAS NV 89119
Sara H. Vogt-lowell officer: SVP & Chief Legal Officer C/O AMERICAN HOMES 4 RENT, 23975 PARK SORRENTO, SUITE 300, CALABASAS CA 91302
Douglas N Benham director
Christopher Lau officer: Chief Financial Officer C/O AMERICAN HOMES 4 RENT, 280 PILOT ROAD, LAS VEGAS NV 89119
Matthew J Hart director C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067
Tamara Hughes Gustavson director 701 WESTERN AVENUE, GLENDALE CA 91201-2349
Kenneth M. Woolley director 2795 EAST COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Anita Marie Mayala-mcintyre other: MGR. HF Investments 2010, LLC 423 CALLE SANTIAGO, NEWBURY PARK CA 91320
Jack E Corrigan director, officer: Chief Operating Officer C/O AMERICAN HOMES 4 RENT, 23975 PARK SORRENTO, SUITE 300, CALABASAS CA 91302
Hughes B Wayne Et Al director 701 WESTERN AVENUE, GLENDALE CA 91201
David P. Singelyn director, 10 percent owner, officer: Chief Executive Officer C/O AMERICAN HOMES 4 RENT, 280 PILOT ROAD,, LAS VEGAS NV 89119
Michelle C. Kerrick director C/O AMERICAN HOMES 4 RENT (LEGAL DEPT), 280 PILOT ROAD, LAS VEGAS NV 89119
Matthew R Zaist director C/O WILLIAM LYON HOMES, 4695 MACARTHUR COURT, 8TH FLOOR, NEWPORT BEACH CA 92660