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. Elme Communities's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $2.598. Elme Communities's 10-Year median PS Ratio is 7.5058. Therefore, the Median PS Value for today is $19.50.
As of today (2024-04-25), Elme Communities's share price is $15.05. Elme Communities's Median PS Value is $19.50. Therefore, Elme Communities's Price to Median PS Value for today is 0.77.
The historical rank and industry rank for Elme Communities's Median PS Value or its related term are showing as below:
ELME'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.75 Med: 1.09 Max: 1.9
Current: 0.77
During the past 13 years, the highest Price to Median PS Value of Elme Communities was 1.90. The lowest was 0.75. And the median was 1.09.
ELME's Price-to-Median-PS-Value is ranked better than 54.03% of 372
companies
in the REITs industry
Industry Median: 0.795
vs ELME: 0.77
Elme Communities Median PS Value Historical Data
The historical data trend for Elme Communities'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 Elme Communities's Median PS Value
For the REIT - Residential subindustry, Elme Communities'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.
Elme Communities's Price-to-Median-PS-Value Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Elme Communities's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Elme Communities's Price-to-Median-PS-Value falls into.
Elme Communities Median PS Value Calculation
Elme Communities's Median PS Value for today is calculated as
10-Year Median PS Ratio is 7.5058.
Elme Communities's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.598.
* 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.
Elme Communities (NYSE:ELME) 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.
Elme Communities's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
15.05
/
19.50
=
0.77
* 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.
Elme Communities Median PS Value Related Terms
Thank you for viewing the detailed overview of Elme Communities's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Elme Communities (Elme Communities) Business Description
Elme Communities is a real estate investment trust engaged in owning and operating properties in the greater Washington DC metropolitan area. The company's real estate portfolio is comprised of office, retail, and multifamily properties located primarily near major transportation nodes. Washington REIT derives nearly all of its income in the form of rental revenue from tenants organized into long-term leases. The company's office assets contribute the majority of this income, while the rest is split fairly evenly between its retail and multifamily locations. Washington REIT's largest tenants are banking, consulting, law, and financial services firms.
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