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Morguard (Morguard) Cyclically Adjusted PS Ratio : 1.16 (As of Apr. 29, 2024)


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What is Morguard Cyclically Adjusted PS Ratio?

As of today (2024-04-29), Morguard's current share price is $82.36. Morguard's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $71.01. Morguard's Cyclically Adjusted PS Ratio for today is 1.16.

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

MRCBF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1   Med: 3.25   Max: 5.06
Current: 1.08

During the past years, Morguard's highest Cyclically Adjusted PS Ratio was 5.06. The lowest was 1.00. And the median was 3.25.

MRCBF's Cyclically Adjusted PS Ratio is ranked better than
61.33% of 1350 companies
in the Real Estate industry
Industry Median: 1.68 vs MRCBF: 1.08

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.

Morguard's adjusted revenue per share data for the three months ended in Dec. 2023 was $21.258. 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 $71.01 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Morguard Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Morguard'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.

Morguard Cyclically Adjusted PS Ratio Chart

Morguard 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 3.07 1.60 1.68 1.21 1.04

Morguard 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 1.21 1.08 1.04 1.01 1.04

Competitive Comparison of Morguard's Cyclically Adjusted PS Ratio

For the Real Estate - Diversified subindustry, Morguard'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.


Morguard's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

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

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



Morguard 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.

Morguard's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=82.36/71.01
=1.16

* 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.

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

For example, Morguard'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)
=21.258/125.4675*125.4675
=21.258

Current CPI (Dec. 2023) = 125.4675.

Morguard Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 9.726 98.604 12.376
201406 9.903 99.473 12.491
201409 10.135 99.394 12.794
201412 9.891 98.367 12.616
201503 13.925 99.789 17.508
201506 14.136 100.500 17.648
201509 13.646 100.421 17.049
201512 13.487 99.947 16.931
201603 14.600 101.054 18.127
201606 14.646 102.002 18.015
201609 14.618 101.765 18.023
201612 14.476 101.449 17.903
201703 16.845 102.634 20.593
201706 17.265 103.029 21.025
201709 19.072 103.345 23.155
201712 18.841 103.345 22.874
201803 18.312 105.004 21.881
201806 20.113 105.557 23.907
201809 19.518 105.636 23.182
201812 19.561 105.399 23.286
201903 18.887 106.979 22.151
201906 19.586 107.690 22.819
201909 19.725 107.611 22.998
201912 19.948 107.769 23.224
202003 18.336 107.927 21.316
202006 15.582 108.401 18.035
202009 16.721 108.164 19.396
202012 17.913 108.559 20.703
202103 17.461 110.298 19.863
202106 18.454 111.720 20.725
202109 18.465 112.905 20.520
202112 18.874 113.774 20.814
202203 18.565 117.646 19.799
202206 19.679 120.806 20.438
202209 19.953 120.648 20.750
202212 18.977 120.964 19.684
202303 19.075 122.702 19.505
202306 20.704 124.203 20.915
202309 21.062 125.230 21.102
202312 21.258 125.468 21.258

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.


Morguard  (OTCPK:MRCBF) 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.


Morguard Cyclically Adjusted PS Ratio Related Terms

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


Morguard (Morguard) Business Description

Industry
Traded in Other Exchanges
Address
55 City Centre Drive, Suite 1000, Legal Department, Mississauga, ON, CAN, L5B 1M3
Morguard Corp is a real estate company that acquires, owns, and develops properties in Canada and the United States. The company operates through three business divisions: investments in real property, ownership in real estate investment trusts (including Morguard REIT and Morguard North American Residential REIT), and real estate advisory services and portfolio management. This advisory segment focuses on publicly traded equities and fixed-income securities for institutional clients and private investors. Morguard owns a portfolio of residential, retail, office, industrial, and hotel properties. The company also offers real estate management services and property investment advisory services.

Morguard (Morguard) Headlines

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