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Ventas (Ventas) Cyclically Adjusted PS Ratio : 3.65 (As of Apr. 28, 2024)


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What is Ventas Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Ventas's current share price is $44.00. Ventas's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $12.07. Ventas's Cyclically Adjusted PS Ratio for today is 3.65.

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

VTR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.2   Med: 6.55   Max: 11.9
Current: 3.64

During the past years, Ventas's highest Cyclically Adjusted PS Ratio was 11.90. The lowest was 2.20. And the median was 6.55.

VTR's Cyclically Adjusted PS Ratio is ranked better than
62.45% of 490 companies
in the REITs industry
Industry Median: 4.995 vs VTR: 3.64

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.

Ventas's adjusted revenue per share data for the three months ended in Dec. 2023 was $2.860. 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 $12.07 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ventas Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Ventas'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.

Ventas Cyclically Adjusted PS Ratio Chart

Ventas 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 5.87 4.80 4.64 3.85 4.13

Ventas 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 3.85 3.66 3.95 3.50 4.13

Competitive Comparison of Ventas's Cyclically Adjusted PS Ratio

For the REIT - Healthcare Facilities subindustry, Ventas'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.


Ventas's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Ventas 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=44.00/12.07
=3.65

* 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.

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

For example, Ventas'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)
=2.86/129.4194*129.4194
=2.860

Current CPI (Dec. 2023) = 129.4194.

Ventas Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.503 99.695 3.249
201406 2.534 100.560 3.261
201409 2.378 100.428 3.064
201412 2.461 99.070 3.215
201503 2.447 99.621 3.179
201506 2.431 100.684 3.125
201509 2.461 100.392 3.173
201512 2.501 99.792 3.244
201603 2.513 100.470 3.237
201606 2.477 101.688 3.153
201609 2.448 101.861 3.110
201612 2.450 101.863 3.113
201703 2.471 102.862 3.109
201706 2.499 103.349 3.129
201709 2.504 104.136 3.112
201712 2.493 104.011 3.102
201803 2.630 105.290 3.233
201806 2.625 106.317 3.195
201809 2.606 106.507 3.167
201812 2.565 105.998 3.132
201903 2.615 107.251 3.156
201906 2.601 108.070 3.115
201909 2.610 108.329 3.118
201912 2.645 108.420 3.157
202003 2.692 108.902 3.199
202006 2.508 108.767 2.984
202009 2.442 109.815 2.878
202012 2.439 109.897 2.872
202103 2.409 111.754 2.790
202106 2.429 114.631 2.742
202109 2.532 115.734 2.831
202112 2.535 117.630 2.789
202203 2.523 121.301 2.692
202206 2.535 125.017 2.624
202209 2.570 125.227 2.656
202212 2.606 125.222 2.693
202303 2.668 127.348 2.711
202306 2.738 128.729 2.753
202309 2.828 129.860 2.818
202312 2.860 129.419 2.860

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.


Ventas  (NYSE:VTR) 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.


Ventas Cyclically Adjusted PS Ratio Related Terms

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


Ventas (Ventas) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ventas Inc (NYSE:VTR) » Definitions » Cyclically Adjusted PS Ratio
Traded in Other Exchanges
Address
353 North Clark Street, Suite 3300, Chicago, IL, USA, 60654
Ventas owns a diversified healthcare portfolio of nearly 1,400 in-place properties spread across the senior housing, medical office, hospital, life science, and skilled nursing/post-acute care. The portfolio includes over 40 properties in Canada and the United Kingdom as the company looks for additional investment opportunities in countries with mature healthcare systems that operate similarly to the United States. The firm also owns mortgages and other loans, contributing about 3% of net operating income.
Executives
Walter C Rakowich director 14100 E 35TH PL, AURORA CO 80011
Debra A Cafaro director, officer: Chairman, President and CEO 353 N. CLARK STREET, SUITE 3300, CHICAGO IL 60654
Sumit Roy director 600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025
Michael J Embler director C/O NMI HOLDINGS, INC., 2100 POWELL STREET, EMERYVILLE CA 94608
Robert D. Reed director 47 DONALD DRIVE, ORINDA CA 94563
James D Shelton director 3901 TURTLE CREEK BLVD. #12, DALLAS TX 75219
Richard I Gilchrist director 5950 SHERRY LANE, SUITE 700, DALLAS TX 75225
Robert F Probst officer: EVP, CFO and Acting CAO 353 N. CLARK STREET, SUITE 3300, CHICAGO IL 60654
Gregory R Liebbe officer: SVP, Chief Accounting Officer 500 N. HURSTBOURNE PARKWAY, SUITE 200, LOUISVILLE KY 40222
Maurice S Smith director 353 N. CLARK STREET, SUITE 3300, CHICAGO IL 60654
Marguerite M Nader director 2S601 AVENUE LA TOURS, OAK BROOK IL 60523
Carey S. Roberts officer: EVP and GC C/O VENTAS, INC., 353 N. CLARK STREET, SUITE 3300, CHICAGO IL 60654
James Justin Hutchens officer: EVP Sr Housing North America C/O VENTAS, INC., 353 N. CLARK STREET, SUITE 3300, CHICAGO IL 60654
John D. Cobb officer: SVP & Chief Investment Officer 353 N. CLARK STREET, SUITE 3300, CHICAGO IL 60654
Sean P. Nolan director C/O INTERMUNE, INC., 3280 BAYSHORE BLVD., BRISBANE CA 94005

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