GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gladstone Commercial Corp (NAS:GOOD) » Definitions » Cyclically Adjusted PS Ratio

Gladstone Commercial (Gladstone Commercial) Cyclically Adjusted PS Ratio : 2.98 (As of Apr. 27, 2024)


View and export this data going back to 2003. Start your Free Trial

What is Gladstone Commercial Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Gladstone Commercial's current share price is $13.33. Gladstone Commercial's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $4.47. Gladstone Commercial's Cyclically Adjusted PS Ratio for today is 2.98.

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

GOOD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.15   Med: 4.16   Max: 5.77
Current: 2.98

During the past years, Gladstone Commercial's highest Cyclically Adjusted PS Ratio was 5.77. The lowest was 2.15. And the median was 4.16.

GOOD's Cyclically Adjusted PS Ratio is ranked better than
71.43% of 490 companies
in the REITs industry
Industry Median: 4.995 vs GOOD: 2.98

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.

Gladstone Commercial's adjusted revenue per share data for the three months ended in Dec. 2023 was $0.899. 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 $4.47 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gladstone Commercial Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Gladstone Commercial'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.

Gladstone Commercial Cyclically Adjusted PS Ratio Chart

Gladstone Commercial 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 4.92 4.17 5.76 4.07 2.96

Gladstone Commercial 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 4.07 2.77 2.71 2.68 2.96

Competitive Comparison of Gladstone Commercial's Cyclically Adjusted PS Ratio

For the REIT - Diversified subindustry, Gladstone Commercial'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.


Gladstone Commercial's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Gladstone Commercial 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.

Gladstone Commercial's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.33/4.47
=2.98

* 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.

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

For example, Gladstone Commercial'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)
=0.899/129.4194*129.4194
=0.899

Current CPI (Dec. 2023) = 129.4194.

Gladstone Commercial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.062 99.695 1.379
201406 1.062 100.560 1.367
201409 1.041 100.428 1.342
201412 0.975 99.070 1.274
201503 0.943 99.621 1.225
201506 0.948 100.684 1.219
201509 0.954 100.392 1.230
201512 0.940 99.792 1.219
201603 0.886 100.470 1.141
201606 0.899 101.688 1.144
201609 0.882 101.861 1.121
201612 0.881 101.863 1.119
201703 0.861 102.862 1.083
201706 0.872 103.349 1.092
201709 0.865 104.136 1.075
201712 0.904 104.011 1.125
201803 0.904 105.290 1.111
201806 0.935 106.317 1.138
201809 0.925 106.507 1.124
201812 0.937 105.998 1.144
201903 0.953 107.251 1.150
201906 0.926 108.070 1.109
201909 0.924 108.329 1.104
201912 0.925 108.420 1.104
202003 1.000 108.902 1.188
202006 0.988 108.767 1.176
202009 0.973 109.815 1.147
202012 0.952 109.897 1.121
202103 0.971 111.754 1.124
202106 0.917 114.631 1.035
202109 0.934 115.734 1.044
202112 0.948 117.630 1.043
202203 0.937 121.301 1.000
202206 0.939 125.017 0.972
202209 1.008 125.227 1.042
202212 0.939 125.222 0.970
202303 0.916 127.348 0.931
202306 0.967 128.729 0.972
202309 0.913 129.860 0.910
202312 0.899 129.419 0.899

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.


Gladstone Commercial  (NAS:GOOD) 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.


Gladstone Commercial Cyclically Adjusted PS Ratio Related Terms

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


Gladstone Commercial (Gladstone Commercial) Business Description

Traded in Other Exchanges
Address
1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102
Gladstone Commercial Corp is a real estate investment trust, which engages in investing and owning net leased industrial, commercial, and retail real property and making long-term industrial and commercial mortgage loans. Its portfolio consists of single-tenant commercial, industrial real properties, and medical properties nationwide. Its principal investment objectives are to generate income from rental properties.
Executives
Gary Gerson officer: Chief Financial Officer 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22207
Jay Beckhorn officer: Treasurer 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Arthur S. Cooper officer: Chief Investment Officer 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Elliott Jr Wislar officer: Chief Investment Officer 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Paula Novara director 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Robert G Cutlip officer: President C/O HIGHWOODS PROPERTIES, 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Michela A English director C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
Michael Sodo officer: CFO 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Michael Licalsi other: Affiliate of External Advisor 1521 WESTBRANCH DR., MCLEAN VA 22102
Paul W Adelgren director C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
David Gladstone director, officer: CEO 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Caren D Merrick director 1521 WESTBRANCH, SUITE 100, MCLEAN VA 22102
Walter H Wilkinson director C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Jennifer A Smith officer: Valuation Officer 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
George Iii Stelljes director, officer: EVP, Chief Investment Officer C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102