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Dream Office Real Estate Investment Trust (TSX:D.UN) Cyclically Adjusted PS Ratio : 1.76 (As of Jun. 05, 2024)


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What is Dream Office Real Estate Investment Trust Cyclically Adjusted PS Ratio?

As of today (2024-06-05), Dream Office Real Estate Investment Trust's current share price is C$18.90. Dream Office Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$10.71. Dream Office Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is 1.76.

The historical rank and industry rank for Dream Office Real Estate Investment Trust's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSX:D.UN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.38   Med: 3.36   Max: 5.95
Current: 1.7

During the past years, Dream Office Real Estate Investment Trust's highest Cyclically Adjusted PS Ratio was 5.95. The lowest was 1.38. And the median was 3.36.

TSX:D.UN's Cyclically Adjusted PS Ratio is ranked better than
85.37% of 492 companies
in the REITs industry
Industry Median: 4.945 vs TSX:D.UN: 1.70

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.

Dream Office Real Estate Investment Trust's adjusted revenue per share data for the three months ended in Mar. 2024 was C$2.498. 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 C$10.71 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dream Office Real Estate Investment Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Dream Office Real Estate Investment Trust'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.

Dream Office Real Estate Investment Trust Cyclically Adjusted PS Ratio Chart

Dream Office Real Estate Investment Trust 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 5.11 3.41 4.32 2.67 1.94

Dream Office Real Estate Investment Trust 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 2.61 2.34 1.76 1.94 1.52

Competitive Comparison of Dream Office Real Estate Investment Trust's Cyclically Adjusted PS Ratio

For the REIT - Office subindustry, Dream Office Real Estate Investment Trust'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.


Dream Office Real Estate Investment Trust's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Dream Office Real Estate Investment Trust's Cyclically Adjusted PS Ratio falls into.



Dream Office Real Estate Investment Trust 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.

Dream Office Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18.90/10.71
=1.76

* 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.

Dream Office Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Dream Office Real Estate Investment Trust's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.498/126.2576*126.2576
=2.498

Current CPI (Mar. 2024) = 126.2576.

Dream Office Real Estate Investment Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.210 99.473 4.074
201409 3.148 99.394 3.999
201412 3.270 98.367 4.197
201503 3.151 99.789 3.987
201506 3.026 100.500 3.802
201509 3.031 100.421 3.811
201512 3.122 99.947 3.944
201603 2.902 101.054 3.626
201606 2.779 102.002 3.440
201609 2.980 101.765 3.697
201612 3.185 101.449 3.964
201703 2.779 102.634 3.419
201706 2.464 103.029 3.020
201709 2.389 103.345 2.919
201712 2.144 103.345 2.619
201803 2.099 105.004 2.524
201806 1.673 105.557 2.001
201809 1.839 105.636 2.198
201812 1.928 105.399 2.310
201903 1.766 106.979 2.084
201906 1.751 107.690 2.053
201909 1.828 107.611 2.145
201912 1.827 107.769 2.140
202003 1.692 107.927 1.979
202006 1.649 108.401 1.921
202009 1.693 108.164 1.976
202012 1.806 108.559 2.100
202103 1.743 110.298 1.995
202106 1.694 111.720 1.914
202109 1.754 112.905 1.961
202112 2.024 113.774 2.246
202203 1.849 117.646 1.984
202206 1.805 120.806 1.886
202209 1.837 120.648 1.922
202212 1.891 120.964 1.974
202303 1.848 122.702 1.902
202306 1.885 124.203 1.916
202309 2.457 125.230 2.477
202312 2.464 125.072 2.487
202403 2.498 126.258 2.498

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.


Dream Office Real Estate Investment Trust  (TSX:D.UN) 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.


Dream Office Real Estate Investment Trust Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Dream Office Real Estate Investment Trust's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Dream Office Real Estate Investment Trust (TSX:D.UN) Business Description

Traded in Other Exchanges
Address
30 Adelaide Street East, Suite 301, State Street Financial Centre, Toronto, ON, CAN, M5C 3H1
Dream Office Real Estate Investment Trust is a real estate investment trust that acquires, manages, and leases primarily central business district and suburban office properties in urban areas throughout Canada. The majority of the company's real estate portfolio, in terms of revenue generation, is located in the Canadian province of Ontario. The province of Alberta also brings in a sizable percentage of revenue. The company generates nearly all of its revenue in the form of rental income from mid-to long-term lease agreements with tenants. The company's office buildings located in central business districts are responsible for the vast majority of its revenue generation. Most of Dream Office's customers are in the finance, insurance, science, and government industries.

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