This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Mirvac Group's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was A$0.578. Mirvac Group's 10-Year median PS Ratio is 3.2526. Therefore, the Median PS Value for today is A$1.88.
As of today (2024-04-28), Mirvac Group's share price is A$2.05. Mirvac Group's Median PS Value is A$1.88. Therefore, Mirvac Group's Price to Median PS Value for today is 1.09.
The historical rank and industry rank for Mirvac Group's Median PS Value or its related term are showing as below:
ASX:MGR'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.85 Med: 1.16 Max: 1.65
Current: 1.09
During the past 13 years, the highest Price to Median PS Value of Mirvac Group was 1.65. The lowest was 0.85. And the median was 1.16.
ASX:MGR's Price-to-Median-PS-Value is ranked worse than 80.7% of 373
companies
in the REITs industry
Industry Median: 0.79
vs ASX:MGR: 1.09
Mirvac Group Median PS Value Historical Data
The historical data trend for Mirvac Group's Median PS Value 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.
Competitive Comparison of Mirvac Group's Median PS Value
For the REIT - Diversified subindustry, Mirvac Group's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
Mirvac Group's Price-to-Median-PS-Value Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Mirvac Group's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Mirvac Group's Price-to-Median-PS-Value falls into.
Mirvac Group Median PS Value Calculation
Mirvac Group's Median PS Value for today is calculated as
10-Year Median PS Ratio is 3.2526.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Mirvac Group's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was A$0.578.
* 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.
Mirvac Group (ASX:MGR) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Mirvac Group's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
2.05
/
1.88
=
1.09
* 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.
Mirvac Group Median PS Value Related Terms
Thank you for viewing the detailed overview of Mirvac Group's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots, however, we expect modest growth over time as Mirvac gains market share and constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.
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