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Farmland Partners (Farmland Partners) PS Ratio : 11.52 (As of Apr. 27, 2024)


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What is Farmland Partners PS Ratio?

The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Farmland Partners's share price is $10.84. Farmland Partners's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $0.94. Hence, Farmland Partners's PS Ratio for today is 11.52.

The historical rank and industry rank for Farmland Partners's PS Ratio or its related term are showing as below:

FPI' s PS Ratio Range Over the Past 10 Years
Min: 2.9   Med: 7.26   Max: 22.62
Current: 11.47

During the past 12 years, Farmland Partners's highest PS Ratio was 22.62. The lowest was 2.90. And the median was 7.26.

FPI's PS Ratio is ranked worse than
82.65% of 830 companies
in the REITs industry
Industry Median: 6.515 vs FPI: 11.47

Farmland Partners's Revenue per Sharefor the three months ended in Dec. 2023 was $0.27. Its Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $0.94.

Warning Sign:

Farmland Partners Inc revenue per share has been in decline for the last 5 years.

During the past 12 months, the average Revenue per Share Growth Rate of Farmland Partners was -17.90% per year. During the past 3 years, the average Revenue per Share Growth Rate was -17.00% per year. During the past 5 years, the average Revenue per Share Growth Rate was -11.20% per year. During the past 10 years, the average Revenue per Share Growth Rate was 2.90% per year.

During the past 12 years, Farmland Partners's highest 3-Year average Revenue per Share Growth Rate was 58.90% per year. The lowest was -17.00% per year. And the median was 5.20% per year.

Back to Basics: PS Ratio


Farmland Partners PS Ratio Historical Data

The historical data trend for Farmland Partners's 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.

Farmland Partners PS Ratio Chart

Farmland Partners Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.82 5.04 8.00 10.37 12.66

Farmland Partners Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 10.37 9.48 11.31 9.55 12.66

Competitive Comparison of Farmland Partners's PS Ratio

For the REIT - Specialty subindustry, Farmland Partners's PS Ratio, along with its competitors' market caps and 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.


Farmland Partners's PS Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Farmland Partners's PS Ratio falls into.



Farmland Partners PS Ratio Calculation

The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.

Farmland Partners's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=10.84/0.941
=11.52

Farmland Partners's Share Price of today is $10.84.
Farmland Partners'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 $0.94.

* 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.

It can also be calculated from the numbers for the whole company:

PS Ratio=Market Cap/Revenue

The Revenue here is for the trailing 12 months.


Farmland Partners  (NYSE:FPI) PS Ratio Explanation

The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.

When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.

Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.


Farmland Partners PS Ratio Related Terms

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


Farmland Partners (Farmland Partners) Business Description

Traded in Other Exchanges
Address
4600 South Syracuse Street, Suite 1450, Denver, CO, USA, 80237
Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company and owns and contracts of farmland and storage facilities located across the United States. Its properties are farmed by over 100 tenants growing more than 26 commercial crops. Farmland Partners generates its revenues through the rent it receives from its tenants.
Executives
Paul A Pittman director, officer: President and CEO 4910 BIRCH ST., SUITE 102, NEWPORT BEACH CA 92660
Jennifer S Grafton director 9540 SOUTH MAROON CIRCLE, SUITE 200, ENGLEWOOD CO 80112
Murray R Wise director 2407 S NEIL PO BOX 3009, CHAMPAIGN IL 61826
Luca Fabbri officer: CFO, Secretary and Treasurer C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Christine M. Garrison officer: General Counsel and Secretary C/O FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237
John A Good director C/O JERNIGAN CAPITAL, INC., 1395 BRICKELL AVENUE, MIAMI FL 33131
Danny D. Moore director C/O FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237
James Gilligan officer: Chief Financial Officer C/O FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237
Thomas Heneghan director C/O MANUFACTURED HOME COMMUNITIES INC, 2 N RIVER PLAZA #800, CHICAGO IL 60606
Toby Orourke director FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237
Erica Borenstein officer: General Counsel and Secretary C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Chris A Downey director C/O FARMLAND PARTNERS INC., : 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Jay Bartels director C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Joseph W Glauber director FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Dennie Dixon Boardman director C/O OPTIMA FUND MANAGEMENT LLC, 10 EAST 53RD STREET, NEW YORK NY 10022