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Keppel DC REIT (SGX:AJBU) Cyclically Adjusted PS Ratio : 11.87 (As of May. 22, 2024)


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What is Keppel DC REIT Cyclically Adjusted PS Ratio?

As of today (2024-05-22), Keppel DC REIT's current share price is S$1.78. Keppel DC REIT's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was S$0.15. Keppel DC REIT's Cyclically Adjusted PS Ratio for today is 11.87.

The historical rank and industry rank for Keppel DC REIT's Cyclically Adjusted PS Ratio or its related term are showing as below:

SGX:AJBU' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 10.93   Med: 11.47   Max: 12.27
Current: 11.66

During the past 10 years, Keppel DC REIT's highest Cyclically Adjusted PS Ratio was 12.27. The lowest was 10.93. And the median was 11.47.

SGX:AJBU's Cyclically Adjusted PS Ratio is ranked worse than
88.75% of 489 companies
in the REITs industry
Industry Median: 4.97 vs SGX:AJBU: 11.66

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.

Keppel DC REIT's adjusted revenue per share data of for the fiscal year that ended in Dec23 was S$0.163. 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 S$0.15 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Keppel DC REIT Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Keppel DC REIT'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.

Keppel DC REIT Cyclically Adjusted PS Ratio Chart

Keppel DC REIT 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 - - - - 12.63

Keppel DC REIT Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - - - - 12.63

Competitive Comparison of Keppel DC REIT's Cyclically Adjusted PS Ratio

For the REIT - Office subindustry, Keppel DC REIT'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.


Keppel DC REIT's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Keppel DC REIT's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Keppel DC REIT 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.

Keppel DC REIT's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.78/0.15
=11.87

* 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.

Keppel DC REIT's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Keppel DC REIT's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.163/129.4194*129.4194
=0.163

Current CPI (Dec23) = 129.4194.

Keppel DC REIT Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.060 99.070 0.078
201512 0.114 99.792 0.148
201612 0.107 101.863 0.136
201712 0.121 104.011 0.151
201812 0.137 105.998 0.167
201912 0.137 108.420 0.164
202012 0.163 109.897 0.192
202112 0.163 117.630 0.179
202212 0.161 125.222 0.166
202312 0.163 129.419 0.163

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.


Keppel DC REIT  (SGX:AJBU) 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.


Keppel DC REIT Cyclically Adjusted PS Ratio Related Terms

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


Keppel DC REIT (SGX:AJBU) Business Description

Industry
Traded in Other Exchanges
Address
16 Collyer Quay, No. 07-01, Singapore, SGP, 049318
Keppel DC REIT is a real estate investment trust that principally invests in real estate assets used primarily for data center purposes and assets necessary to support the digital economy. As of June 30, 2023, it held a SGD 3.7 billion portfolio of 23 properties across nine countries in Asia and Europe. Its properties are leased out as colocation, fully fitted and shell and core data centers. The trust is externally managed by Keppel DC REIT Management Pte. Ltd., and parent company Keppel Corporation Limited owns around a 20% stake in the trust.

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