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Armada Hoffler Properties (FRA:791) Cyclically Adjusted Revenue per Share : €7.68 (As of Mar. 2024)


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What is Armada Hoffler Properties 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.

Armada Hoffler Properties's adjusted revenue per share for the three months ended in Mar. 2024 was €2.663. 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 €7.68 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Armada Hoffler Properties's average Cyclically Adjusted Revenue Growth Rate was 4.40% 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.

As of today (2024-06-08), Armada Hoffler Properties's current stock price is €9.85. Armada Hoffler Properties's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €7.68. Armada Hoffler Properties's Cyclically Adjusted PS Ratio of today is 1.28.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Armada Hoffler Properties was 2.04. The lowest was 1.19. And the median was 1.50.


Armada Hoffler Properties Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Armada Hoffler Properties'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.

Armada Hoffler Properties Cyclically Adjusted Revenue per Share Chart

Armada Hoffler Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 6.69 7.44 7.69

Armada Hoffler Properties Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 7.20 7.49 7.79 7.69 7.68

Competitive Comparison of Armada Hoffler Properties's Cyclically Adjusted Revenue per Share

For the REIT - Diversified subindustry, Armada Hoffler Properties'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.


Armada Hoffler Properties's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Armada Hoffler Properties's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Armada Hoffler Properties 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, Armada Hoffler Properties'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)
=2.663/131.7762*131.7762
=2.663

Current CPI (Mar. 2024) = 131.7762.

Armada Hoffler Properties Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.369 100.560 1.794
201409 1.847 100.428 2.424
201412 1.604 99.070 2.134
201503 1.744 99.621 2.307
201506 2.332 100.684 3.052
201509 2.579 100.392 3.385
201512 2.111 99.792 2.788
201603 1.787 100.470 2.344
201606 1.611 101.688 2.088
201609 1.684 101.861 2.179
201612 2.000 101.863 2.587
201703 2.255 102.862 2.889
201706 1.764 103.349 2.249
201709 1.275 104.136 1.613
201712 1.133 104.011 1.435
201803 0.930 105.290 1.164
201806 0.918 106.317 1.138
201809 0.852 106.507 1.054
201812 0.767 105.998 0.954
201903 0.833 107.251 1.023
201906 0.976 108.070 1.190
201909 1.186 108.329 1.443
201912 1.320 108.420 1.604
202003 1.437 108.902 1.739
202006 1.525 108.767 1.848
202009 1.440 109.815 1.728
202012 1.389 109.897 1.666
202103 1.149 111.754 1.355
202106 0.904 114.631 1.039
202109 0.933 115.734 1.062
202112 1.269 117.630 1.422
202203 1.121 121.301 1.218
202206 1.451 125.017 1.529
202209 1.883 125.227 1.981
202212 2.205 125.222 2.320
202303 1.987 127.348 2.056
202306 2.256 128.729 2.309
202309 2.289 129.860 2.323
202312 2.609 129.419 2.657
202403 2.663 131.776 2.663

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


Armada Hoffler Properties  (FRA:791) 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.

Armada Hoffler Properties's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=9.85/7.68
=1.28

* 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 Armada Hoffler Properties was 2.04. The lowest was 1.19. And the median was 1.50.


Be Aware

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


Armada Hoffler Properties Cyclically Adjusted Revenue per Share Related Terms

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


Armada Hoffler Properties (FRA:791) Business Description

Industry
Traded in Other Exchanges
Address
222 Central Park Avenue, Suite 2100, Virginia Beach, VA, USA, 23462
Armada Hoffler Properties Inc is a real estate company. It engages in developing, building, owning and managing the high-quality, institutional-grade office, retail, and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. The company's operating segment includes office real estate, retail real estate, multifamily residential real estate, and general contracting and real estate services. It generates maximum revenue from the general contracting and real estate services segment.

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