GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gaming and Leisure Properties Inc (NAS:GLPI) » Definitions » Cyclically Adjusted PS Ratio

Gaming and Leisure Properties (Gaming and Leisure Properties) Cyclically Adjusted PS Ratio : 7.16 (As of Apr. 27, 2024)


View and export this data going back to 2013. Start your Free Trial

What is Gaming and Leisure Properties Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Gaming and Leisure Properties's current share price is $42.46. Gaming and Leisure Properties's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $5.93. Gaming and Leisure Properties's Cyclically Adjusted PS Ratio for today is 7.16.

The historical rank and industry rank for Gaming and Leisure Properties's Cyclically Adjusted PS Ratio or its related term are showing as below:

GLPI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.32   Med: 8.49   Max: 9.84
Current: 7.32

During the past years, Gaming and Leisure Properties's highest Cyclically Adjusted PS Ratio was 9.84. The lowest was 7.32. And the median was 8.49.

GLPI's Cyclically Adjusted PS Ratio is ranked worse than
66.73% of 490 companies
in the REITs industry
Industry Median: 4.995 vs GLPI: 7.32

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.

Gaming and Leisure Properties's adjusted revenue per share data for the three months ended in Mar. 2024 was $1.382. 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 $5.93 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gaming and Leisure Properties Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Gaming and Leisure Properties'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.

Gaming and Leisure Properties Cyclically Adjusted PS Ratio Chart

Gaming and Leisure Properties 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 - - - 9.33 8.28

Gaming and Leisure 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 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 9.05 8.24 7.58 8.28 7.76

Competitive Comparison of Gaming and Leisure Properties's Cyclically Adjusted PS Ratio

For the REIT - Specialty subindustry, Gaming and Leisure 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.


Gaming and Leisure Properties's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Gaming and Leisure Properties's Cyclically Adjusted PS Ratio falls into.



Gaming and Leisure Properties 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.

Gaming and Leisure Properties's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=42.46/5.93
=7.16

* 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.

Gaming and Leisure Properties's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Gaming and Leisure 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)
=1.382/129.4194*129.4194
=1.382

Current CPI (Mar. 2024) = 129.4194.

Gaming and Leisure Properties Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.281 100.560 1.649
201409 1.249 100.428 1.610
201412 1.238 99.070 1.617
201503 1.255 99.621 1.630
201506 1.255 100.684 1.613
201509 1.244 100.392 1.604
201512 1.099 99.792 1.425
201603 1.253 100.470 1.614
201606 1.109 101.688 1.411
201609 1.122 101.861 1.426
201612 1.149 101.863 1.460
201703 1.158 102.862 1.457
201706 1.149 103.349 1.439
201709 1.140 104.136 1.417
201712 1.121 104.011 1.395
201803 1.137 105.290 1.398
201806 1.185 106.317 1.443
201809 1.183 106.507 1.437
201812 1.411 105.998 1.723
201903 1.337 107.251 1.613
201906 1.340 108.070 1.605
201909 1.336 108.329 1.596
201912 1.329 108.420 1.586
202003 1.316 108.902 1.564
202006 1.213 108.767 1.443
202009 1.405 109.815 1.656
202012 1.314 109.897 1.547
202103 1.292 111.754 1.496
202106 1.358 114.631 1.533
202109 1.265 115.734 1.415
202112 1.237 117.630 1.361
202203 1.270 121.301 1.355
202206 1.315 125.017 1.361
202209 1.296 125.227 1.339
202212 1.289 125.222 1.332
202303 1.352 127.348 1.374
202306 1.354 128.729 1.361
202309 1.361 129.860 1.356
202312 1.288 129.419 1.288
202403 1.382 129.419 1.382

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.


Gaming and Leisure Properties  (NAS:GLPI) 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.


Gaming and Leisure Properties Cyclically Adjusted PS Ratio Related Terms

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


Gaming and Leisure Properties (Gaming and Leisure Properties) Business Description

Traded in Other Exchanges
Address
845 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610
Gaming and Leisure Properties Inc, or GLP, is a real estate investment property trust primarily involved in the leasing of gaming and related facilities to wholly-owned subsidiaries of Penn National Gaming, or Penn, throughout the U.S. GLP segments its operations into GLP Capital and TRS Properties divisions. The company derives the vast majority of its revenue from its GLP Capital unit in the form of rental income from dockside and land-based casinos located mostly in the American Midwest. Almost all of GLP Capital's leases are long-term agreements that give Penn the option for future extensions. Gaming revenue generated by TRS Properties, which encompasses the operations of Hollywood Casino Perryville and Hollywood Casino Baton Rouge, also represents a significant income stream for GLP.
Executives
Steven Ladany officer: SVP Chief Development Officer 845 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610
Brandon John Moore officer: SVP & General Counsel 845 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610
Matthew Demchyk officer: SVP, Investments 845 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
Desiree A. Burke officer: Chief Accounting Officer 845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Barry F Schwartz director 35 EAST 62ND ST, NEW YORK NY 10021
E Scott Urdang director 845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Joanne A. Epps director, Director C/O PENN, REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 S. BROAD STREET, PHILADELPHIA PA 19102
Earl C Shanks director CONVERGYS CORPORATION, 201 EAST FOURTH STREET, CINCINNATI OH 45202
Peter M Carlino director, officer: CEO & President 845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610
Carol Lynton director C/O EL POLLO HOLDINGS, INC., 3535 HARBOR BOULEVARD, SUITE 100, COSTA MESA CA 92626
Marshall Joseph W Iii director 500 OFFICE CENTER DRIVE, SUITE 400, FT. WASHINGTON PA 19034
David A Handler director 845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610
William J Clifford officer: CFO, Sec. & Treas. 845 BERKSHIRE BLVD. SUITE 200, WYOMISSING PA 19610
James Perry director
Steven T. Snyder officer: SR VP-Corp Development 845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610