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FR (First Industrial Realty Trust) Cyclically Adjusted PS Ratio : 10.82 (As of May. 23, 2025)


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What is First Industrial Realty Trust Cyclically Adjusted PS Ratio?

As of today (2025-05-23), First Industrial Realty Trust's current share price is $48.48. First Industrial Realty Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $4.48. First Industrial Realty Trust's Cyclically Adjusted PS Ratio for today is 10.82.

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

FR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.92   Med: 10.75   Max: 17.61
Current: 10.82

During the past years, First Industrial Realty Trust's highest Cyclically Adjusted PS Ratio was 17.61. The lowest was 2.92. And the median was 10.75.

FR's Cyclically Adjusted PS Ratio is ranked worse than
87.55% of 514 companies
in the REITs industry
Industry Median: 5.305 vs FR: 10.82

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.

First Industrial Realty Trust's adjusted revenue per share data for the three months ended in Mar. 2025 was $1.336. 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 $4.48 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Industrial Realty Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for First Industrial Realty Trust'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.

First Industrial Realty Trust Cyclically Adjusted PS Ratio Chart

First Industrial Realty Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.68 17.59 12.11 12.58 11.40

First Industrial Realty Trust Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 12.26 10.96 12.80 11.40 12.04

Competitive Comparison of First Industrial Realty Trust's Cyclically Adjusted PS Ratio

For the REIT - Industrial subindustry, First Industrial Realty Trust'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.


First Industrial Realty Trust's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

* The bar in red indicates where First Industrial Realty Trust's Cyclically Adjusted PS Ratio falls into.


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First Industrial Realty Trust 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.

First Industrial Realty Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=48.48/4.48
=10.82

* 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.

First Industrial Realty Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, First Industrial Realty Trust's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.336/134.9266*134.9266
=1.336

Current CPI (Mar. 2025) = 134.9266.

First Industrial Realty Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.818 100.684 1.096
201509 0.831 100.392 1.117
201512 0.840 99.792 1.136
201603 0.842 100.470 1.131
201606 0.798 101.688 1.059
201609 0.801 101.861 1.061
201612 0.837 101.863 1.109
201703 0.830 102.862 1.089
201706 0.828 103.349 1.081
201709 0.828 104.136 1.073
201712 0.850 104.011 1.103
201803 0.830 105.290 1.064
201806 0.797 106.317 1.011
201809 0.795 106.507 1.007
201812 0.832 105.998 1.059
201903 0.827 107.251 1.040
201906 0.823 108.070 1.028
201909 0.841 108.329 1.047
201912 0.872 108.420 1.085
202003 0.868 108.902 1.075
202006 0.858 108.767 1.064
202009 0.907 109.815 1.114
202012 0.870 109.897 1.068
202103 0.900 111.754 1.087
202106 0.909 114.631 1.070
202109 0.933 115.734 1.088
202112 0.928 117.630 1.064
202203 0.952 121.301 1.059
202206 0.984 125.017 1.062
202209 1.057 125.227 1.139
202212 1.094 125.222 1.179
202303 1.129 127.348 1.196
202306 1.150 128.729 1.205
202309 1.172 129.860 1.218
202312 1.188 129.419 1.239
202403 1.226 131.776 1.255
202406 1.240 132.554 1.262
202409 1.266 133.029 1.284
202412 1.326 133.157 1.344
202503 1.336 134.927 1.336

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.


First Industrial Realty Trust  (NYSE:FR) 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.


First Industrial Realty Trust Cyclically Adjusted PS Ratio Related Terms

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


First Industrial Realty Trust Business Description

Traded in Other Exchanges
N/A
Address
One North Wacker Drive, Suite 4200, Chicago, IL, USA, 60606
First Industrial Realty Trust Inc is a real estate investment trust that owns, manages, acquires, sells, develops, and redevelops industrial real estate. Through its fully integrated operating and investing platform, the company provides facilities and customer service to multinational corporations and regional firms that are essential for their supply chains. The company serves a diverse tenant base across various sectors, including e-commerce, logistics, transportation, manufacturing, retail, consumer services, food and beverage, building materials, wholesale goods, health services, and government.
Executives
Scott A Musil officer: Sen VP, Treas, Controller ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Johannson L Yap officer: Chief Investment Officer ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Rice Jennifer Matthews officer: General Counsel 555 EAST LANCASTER AVE, SUITE 100, RADNOR PA 19087
Peter Schultz officer: SVP - Portfolio Management ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Marcus L. Smith director 555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202
John Rau director MIAMI CORPORATION, 410 N. MICHIGAN AVENUE, ROOM 590, CHICAGO IL 60611
Teresa Bryce Bazemore director CHIMERA INVESTMENT CORPORATION, 520 MADISON AVE, 32ND FL, NEW YORK NY 10022
Bruce W Duncan director, officer: PRESIDENT AND CEO ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Hackett H Patrick Jr director ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Denise Olsen director ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
David Harker officer: Exec. Director - Investments ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Peter E. Baccile director, officer: President 311 SOUTH WACKER DR., SUITE 3900, CHICAGO IL 60605
Matthew Dominski director ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Leonard Peter Sharpe director ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Jay H Shidler director THE SHIDLER GROUP, 810 RICHARDS STREET SUITE 1000, HONOLULU HI 96813