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Camden Property Trust (Camden Property Trust) Cyclically Adjusted PS Ratio : 7.94 (As of Apr. 27, 2024)


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What is Camden Property Trust Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Camden Property Trust's current share price is $99.62. Camden Property Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $12.55. Camden Property Trust's Cyclically Adjusted PS Ratio for today is 7.94.

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

CPT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.82   Med: 8.97   Max: 16.33
Current: 7.94

During the past years, Camden Property Trust's highest Cyclically Adjusted PS Ratio was 16.33. The lowest was 5.82. And the median was 8.97.

CPT's Cyclically Adjusted PS Ratio is ranked worse than
72.65% of 490 companies
in the REITs industry
Industry Median: 4.995 vs CPT: 7.94

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.

Camden Property Trust's adjusted revenue per share data for the three months ended in Dec. 2023 was $3.566. 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 $12.55 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Camden Property Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Camden Property 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.

Camden Property Trust Cyclically Adjusted PS Ratio Chart

Camden Property 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 10.77 9.93 16.33 9.40 7.91

Camden Property Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only 9.40 8.61 8.80 7.54 7.91

Competitive Comparison of Camden Property Trust's Cyclically Adjusted PS Ratio

For the REIT - Residential subindustry, Camden Property 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.


Camden Property Trust's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Camden Property 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.

Camden Property Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=99.62/12.55
=7.94

* 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.

Camden Property Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Camden Property Trust's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=3.566/129.4194*129.4194
=3.566

Current CPI (Dec. 2023) = 129.4194.

Camden Property Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.318 99.695 3.009
201406 2.343 100.560 3.015
201409 2.385 100.428 3.074
201412 1.835 99.070 2.397
201503 2.229 99.621 2.896
201506 2.287 100.684 2.940
201509 2.375 100.392 3.062
201512 2.399 99.792 3.111
201603 2.404 100.470 3.097
201606 2.465 101.688 3.137
201609 2.447 101.861 3.109
201612 2.412 101.863 3.065
201703 2.414 102.862 3.037
201706 2.454 103.349 3.073
201709 2.479 104.136 3.081
201712 2.393 104.011 2.978
201803 2.402 105.290 2.952
201806 2.487 106.317 3.027
201809 2.534 106.507 3.079
201812 2.566 105.998 3.133
201903 2.561 107.251 3.090
201906 2.584 108.070 3.094
201909 2.631 108.329 3.143
201912 2.573 108.420 3.071
202003 2.675 108.902 3.179
202006 2.522 108.767 3.001
202009 2.672 109.815 3.149
202012 2.628 109.897 3.095
202103 2.686 111.754 3.111
202106 2.744 114.631 3.098
202109 2.851 115.734 3.188
202112 2.835 117.630 3.119
202203 2.933 121.301 3.129
202206 3.296 125.017 3.412
202209 3.445 125.227 3.560
202212 3.441 125.222 3.556
202303 3.482 127.348 3.539
202306 3.524 128.729 3.543
202309 3.595 129.860 3.583
202312 3.566 129.419 3.566

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.


Camden Property Trust  (NYSE:CPT) 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.


Camden Property Trust Cyclically Adjusted PS Ratio Related Terms

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


Camden Property Trust (Camden Property Trust) Business Description

Industry
Traded in Other Exchanges
Address
11 Greenway Plaza, Suite 2400, Houston, TX, USA, 77046
Camden Property Trust is a real estate investment trust primarily engaged in the acquisition, management, and development of multifamily apartment communities across the United States. The company's real estate portfolio consists primarily of apartment properties throughout the Sun Belt. Houston, Dallas, Las Vegas, and Atlanta represent some of Camden's largest housing markets in terms of apartment units. The firm derives nearly all of its revenue from the leasing of properties to tenants through short-term agreements. Camden Property derives the majority of its revenue from the Washington D.C., Los Angeles, Houston, Atlanta, and southeastern Florida areas.
Executives
Alexander J. Jessett officer: Senior VP - Finance 3 GREENWAY PLAZA, SUITE 1300, HOUSTON TX 77046
William W. Sengelmann officer: SVP - Real Estate Investments 3 GREENWAY PLAZA, SUITE 1300, HOUSTON TX 77046
Heather J. Brunner director 3900 N. CAPITAL OF TEXAS HIGHWAY, SUITE 300, AUSTIN TX 78746
Richard J Campo director, officer: Chairman and CEO C/O CAMDEN PROPERTY TRUST, 3 GREENWAY PLAZA STE 1300, HOUSTON TX 77046
Frances Aldrich Sevilla-sacasa director 3 GREENWAY PLAZA, SUITE 1300, HOUSTON TX 77046
Michael P Gallagher officer: Vp & CAO 3 GREENWAY PLAZA, SUITE 1300, HOUSTON TX 77046
Kelvin R Westbrook director MILLENNIUM DIGITAL MEDIA SYSTEMS L.L.C., 16305 SWINGLEY RIDGE ROAD, SUITE 100, ST. LOUIS MO 63017
Javier Benito director STARWOOD HOTELS & RESORTS WORLDWIDE, INC, 1111 WESTCHESTER AVENUE, WHITE PLAINS NY 10604
D Keith Oden director, officer: President and COO C/O CAMDEN PROPERTY TRUST, 3 GREENWAY PLAZA STE 1300, HOUSTON TX 77046
Laurie Baker officer: SVP, Fund & Asset Management 3 GREENWAY PLAZA, SUITE 1300, HOUSTON TX 77046
H Malcolm Stewart officer: Executive Vice President C/O CAMDEN PROPERTY TRUST, 3 GREENWAY PLAZASTE 1300, HOUSTON TX 77046
Scott S Ingraham director
William F Paulsen director 400 NORTH CHURCH STREET, 213, CHARLOTTE NC 28202
Mark Gibson director C/O HFF, INC., 429 FOURTH AVENUE, SUITE 200, PITTSBURGH PA 15219
William B Mcguire director 1227 SCOTLAND AVE, CHARLOTTE NC 28207

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