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Farmland Partners (Farmland Partners) Cyclically Adjusted PS Ratio : 6.11 (As of May. 01, 2024)


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What is Farmland Partners Cyclically Adjusted PS Ratio?

As of today (2024-05-01), Farmland Partners's current share price is $10.76. Farmland Partners's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $1.76. Farmland Partners's Cyclically Adjusted PS Ratio for today is 6.11.

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

FPI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.72   Med: 6.51   Max: 8.41
Current: 6.13

During the past years, Farmland Partners's highest Cyclically Adjusted PS Ratio was 8.41. The lowest was 5.72. And the median was 6.51.

FPI's Cyclically Adjusted PS Ratio is ranked worse than
58.25% of 491 companies
in the REITs industry
Industry Median: 5 vs FPI: 6.13

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.

Farmland Partners's adjusted revenue per share data for the three months ended in Dec. 2023 was $0.270. 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 $1.76 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Farmland Partners Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Farmland Partners'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.

Farmland Partners Cyclically Adjusted PS Ratio Chart

Farmland Partners 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 - - - 7.39 7.09

Farmland Partners 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 7.39 6.22 7.02 5.83 7.09

Competitive Comparison of Farmland Partners's Cyclically Adjusted PS Ratio

For the REIT - Specialty subindustry, Farmland Partners'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.


Farmland Partners's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Farmland Partners 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.

Farmland Partners's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.76/1.76
=6.11

* 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.

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

For example, Farmland Partners'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)
=0.27/129.4194*129.4194
=0.270

Current CPI (Dec. 2023) = 129.4194.

Farmland Partners Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.171 99.695 0.222
201406 0.251 100.560 0.323
201409 0.200 100.428 0.258
201412 0.192 99.070 0.251
201503 0.279 99.621 0.362
201506 0.365 100.684 0.469
201509 0.374 100.392 0.482
201512 0.387 99.792 0.502
201603 0.396 100.470 0.510
201606 0.484 101.688 0.616
201609 0.508 101.861 0.645
201612 0.899 101.863 1.142
201703 0.268 102.862 0.337
201706 0.353 103.349 0.442
201709 0.367 104.136 0.456
201712 0.475 104.011 0.591
201803 0.339 105.290 0.417
201806 0.351 106.317 0.427
201809 0.389 106.507 0.473
201812 0.677 105.998 0.827
201903 0.354 107.251 0.427
201906 0.226 108.070 0.271
201909 0.334 108.329 0.399
201912 0.736 108.420 0.879
202003 0.394 108.902 0.468
202006 0.357 108.767 0.425
202009 0.363 109.815 0.428
202012 0.611 109.897 0.720
202103 0.381 111.754 0.441
202106 0.322 114.631 0.364
202109 0.310 115.734 0.347
202112 0.450 117.630 0.495
202203 0.303 121.301 0.323
202206 0.245 125.017 0.254
202209 0.246 125.227 0.254
202212 0.403 125.222 0.417
202303 0.235 127.348 0.239
202306 0.196 128.729 0.197
202309 0.240 129.860 0.239
202312 0.270 129.419 0.270

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.


Farmland Partners  (NYSE:FPI) 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.


Farmland Partners Cyclically Adjusted PS Ratio Related Terms

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


Farmland Partners (Farmland Partners) Business Description

Industry
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

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