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Capstead Mortgage (Capstead Mortgage) Cyclically Adjusted PS Ratio : (As of Apr. 27, 2024)


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What is Capstead Mortgage Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Capstead Mortgage Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Capstead Mortgage'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.

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Capstead Mortgage Cyclically Adjusted PS Ratio Chart

Capstead Mortgage Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cyclically Adjusted PS Ratio
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Capstead Mortgage Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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Competitive Comparison of Capstead Mortgage's Cyclically Adjusted PS Ratio

For the REIT - Mortgage subindustry, Capstead Mortgage'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.


Capstead Mortgage's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Capstead Mortgage's Cyclically Adjusted PS Ratio falls into.



Capstead Mortgage 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.

Capstead Mortgage's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2021 is calculated as:

For example, Capstead Mortgage's adjusted Revenue per Share data for the three months ended in Jun. 2021 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2021 (Change)*Current CPI (Jun. 2021)
=0.188/114.6314*114.6314
=0.188

Current CPI (Jun. 2021) = 114.6314.

Capstead Mortgage Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201109 0.536 95.727 0.642
201112 0.541 95.213 0.651
201203 0.552 96.783 0.654
201206 0.502 96.819 0.594
201209 0.442 97.633 0.519
201212 0.394 96.871 0.466
201303 0.397 98.209 0.463
201306 0.343 98.518 0.399
201309 0.301 98.790 0.349
201312 0.429 98.326 0.500
201403 0.439 99.695 0.505
201406 0.413 100.560 0.471
201409 0.373 100.428 0.426
201412 0.379 99.070 0.439
201503 0.391 99.621 0.450
201506 0.295 100.684 0.336
201509 0.263 100.392 0.300
201512 0.330 99.792 0.379
201603 0.325 100.470 0.371
201606 0.255 101.688 0.287
201609 0.223 101.861 0.251
201612 0.217 101.863 0.244
201703 0.259 102.862 0.289
201706 0.215 103.349 0.238
201709 0.197 104.136 0.217
201712 0.237 104.011 0.261
201803 0.242 105.290 0.263
201806 0.167 106.317 0.180
201809 0.128 106.507 0.138
201812 0.140 105.998 0.151
201903 -0.036 107.251 -0.038
201906 -0.711 108.070 -0.754
201909 0.053 108.329 0.056
201912 0.381 108.420 0.403
202003 -2.119 108.902 -2.230
202006 0.274 108.767 0.289
202009 0.337 109.815 0.352
202012 0.275 109.897 0.287
202103 0.234 111.754 0.240
202106 0.188 114.631 0.188

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.


Capstead Mortgage  (NYSE:CMO) 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.


Capstead Mortgage Cyclically Adjusted PS Ratio Related Terms

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


Capstead Mortgage (Capstead Mortgage) Business Description

Industry
Traded in Other Exchanges
N/A
Address
8401 North Central Expressway, Suite 800, Dallas, TX, USA, 75225-4404
Capstead Mortgage Corp is a self-managed real estate investment trust for federal income tax purposes. The company earns income from investing in a leveraged portfolio of residential adjustable-rate mortgage pass-through securities, issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.
Executives
Patsy Joseph Augustine director 8401 N CENTRAL EXPRESSWAY, SUITE 800, DALLAS TX 75225
Michelle P Goolsby director 1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Mark S Whiting director C/O TRINET CORPORATE REALTY TRUST INC, FOUR EMBARCADERO CENTER #3150, SAN FRANCISCO CA 94111
Christopher W Mahowald director OMEGA HEALTHCARE INVESTORS INC, 900 VICTORS WAY STE. 350, ANN ARBOR MI 48108
Michael G Oneil director 8401 N CENTRAL EXPRESSWAY, STE 800, DALLAS TX 75225
Gary Keiser director 8401 N CENTRAL EXPRESSWAY, STE 800, DALLAS TX 75225
Jack Biegler director 8401 NORTH CENTRAL EXPRESSWAY, SUITE 800, DALLAS TX 75225
John L Bernard director 2815 BRODERICK STREET, SAN FRANCISCO CA 94123
Phillip A Reinsch director, officer: President & CEO 8401 N CENTRAL EXPRESSWAY, STE 800, DALLAS TX 75225
Lance Phillips officer: Chief Financial Officer 1807 ROSS AVE., 4TH FLOOR, DALLAS TX 75201
Roy Kim officer: Senior Vice President 5929 GLENDORA AVE, DALLAS TX 75230
Spears Robert R Jr officer: EVP & CIO 8401 N CENTRAL EXPRESSWAY STE 800, DALLAS TX 75225
Andrew F Jacobs officer: CEO & President 8401 N CENTRAL EXPRESSWAY STE 800, DALLAS TX 75225
Mike Brown officer: Senior VP 8401 N CENTRAL EXPRESSWAY, STE 800, DALLAS TX 75225
Paul M Low other: Retired Director

Capstead Mortgage (Capstead Mortgage) Headlines

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