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Mori Trust Reit (TSE:8961) Cyclically Adjusted PS Ratio : 9.79 (As of May. 21, 2024)


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What is Mori Trust Reit Cyclically Adjusted PS Ratio?

As of today (2024-05-21), Mori Trust Reit's current share price is 円72000.00. Mori Trust Reit's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Sep22 was 円7,355.45. Mori Trust Reit's Cyclically Adjusted PS Ratio for today is 9.79.

The historical rank and industry rank for Mori Trust Reit's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSE:8961's Cyclically Adjusted PS Ratio is not ranked *
in the REITs industry.
Industry Median: 4.985
* Ranked among companies with meaningful Cyclically Adjusted PS Ratio only.

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.

Mori Trust Reit's adjusted revenue per share data of for the fiscal year that ended in Sep22 was 円5,844.974. 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 円7,355.45 for the trailing ten years ended in Sep22.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mori Trust Reit Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Mori Trust 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.

Mori Trust Reit Cyclically Adjusted PS Ratio Chart

Mori Trust Reit Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.55 12.82 8.95 10.07 9.36

Mori Trust Reit Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Feb24
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 - 10.07 - 9.36 -

Competitive Comparison of Mori Trust Reit's Cyclically Adjusted PS Ratio

For the REIT - Office subindustry, Mori Trust 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.


Mori Trust Reit's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mori Trust Reit's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Mori Trust 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.

Mori Trust Reit's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=72000.00/7355.45
=9.79

* 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.

Mori Trust Reit's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Sep22 is calculated as:

For example, Mori Trust Reit's adjusted Revenue per Share data for the fiscal year that ended in Sep22 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep22 (Change)*Current CPI (Sep22)
=5844.974/103.1000*103.1000
=5,844.974

Current CPI (Sep22) = 103.1000.

Mori Trust Reit Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201309 7,080.067 95.400 7,651.519
201409 6,756.227 98.500 7,071.746
201509 9,898.726 98.500 10,361.002
201609 6,521.718 98.000 6,861.114
201709 7,756.085 98.800 8,093.647
201809 6,631.091 99.900 6,843.498
201909 6,668.081 100.100 6,867.924
202009 6,724.192 99.900 6,939.582
202109 6,815.264 100.100 7,019.518
202209 5,844.974 103.100 5,844.974

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.


Mori Trust Reit  (TSE:8961) 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.


Mori Trust Reit Cyclically Adjusted PS Ratio Related Terms

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Mori Trust Reit (TSE:8961) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3-1 Toranomon 4-chome, Minato-ku, Tokyo, JPN
Mori Trust Reit Inc is a real estate investment trust company. Its objective is to achieve sustainable growth and stable earnings from mid- to long-term perspectives. It invests in office buildings, commercial facilities, housings, and hotels. The company owns more than 10 properties in and around Central Tokyo and others. The company generates its revenue from its leasing business.

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