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Invitation Homes (FRA:4IV) Cyclically Adjusted PS Ratio : 9.24 (As of Jun. 06, 2024)


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What is Invitation Homes Cyclically Adjusted PS Ratio?

As of today (2024-06-06), Invitation Homes's current share price is €31.80. Invitation Homes's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was €3.44. Invitation Homes's Cyclically Adjusted PS Ratio for today is 9.24.

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

FRA:4IV' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.7   Med: 8.99   Max: 9.47
Current: 9.3

During the past 10 years, Invitation Homes's highest Cyclically Adjusted PS Ratio was 9.47. The lowest was 8.70. And the median was 8.99.

FRA:4IV's Cyclically Adjusted PS Ratio is ranked worse than
80.08% of 492 companies
in the REITs industry
Industry Median: 4.925 vs FRA:4IV: 9.30

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.

Invitation Homes's adjusted revenue per share data of for the fiscal year that ended in Dec23 was €3.637. 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 €3.44 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Invitation Homes Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Invitation Homes'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.

Invitation Homes Cyclically Adjusted PS Ratio Chart

Invitation Homes 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 - - - - 9.07

Invitation Homes Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - 9.07 -

Competitive Comparison of Invitation Homes's Cyclically Adjusted PS Ratio

For the REIT - Residential subindustry, Invitation Homes'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.


Invitation Homes's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Invitation Homes 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.

Invitation Homes's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=31.80/3.44
=9.24

* 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.

Invitation Homes's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Invitation Homes's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=3.637/129.4194*129.4194
=3.637

Current CPI (Dec23) = 129.4194.

Invitation Homes Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 1.768 99.070 2.310
201512 2.540 99.792 3.294
201612 2.895 101.863 3.678
201712 2.625 104.011 3.266
201812 2.910 105.998 3.553
201912 2.983 108.420 3.561
202012 2.698 109.897 3.177
202112 3.051 117.630 3.357
202212 3.457 125.222 3.573
202312 3.637 129.419 3.637

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.


Invitation Homes  (FRA:4IV) 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.


Invitation Homes Cyclically Adjusted PS Ratio Related Terms

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


Invitation Homes (FRA:4IV) Business Description

Industry
Traded in Other Exchanges
Address
1717 Main Street, Suite 2000, Dallas, TX, USA, 75201
Invitation Homes owns a portfolio of nearly 83,000 single-family rental homes. The company focuses on owning homes in the starter and move-up segments of the housing market with an average sale price around $300,000 and generally less than 1,800 square feet. The portfolio is spread across 16 target markets that feature high employment and household formation growth with over 70% of the portfolio in the Western U.S. and Florida; 15 of the 16 markets featuring average rents lower than homeownership costs.

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