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Armada Hoffler Properties (FRA:791) Cyclically Adjusted PS Ratio : 1.28 (As of Jun. 08, 2024)


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What is Armada Hoffler Properties Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Armada Hoffler Properties's current share price is €9.85. Armada Hoffler Properties's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €7.68. Armada Hoffler Properties's Cyclically Adjusted PS Ratio for today is 1.28.

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

FRA:791' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.19   Med: 1.5   Max: 2.04
Current: 1.3

During the past years, Armada Hoffler Properties's highest Cyclically Adjusted PS Ratio was 2.04. The lowest was 1.19. And the median was 1.50.

FRA:791's Cyclically Adjusted PS Ratio is ranked better than
89.43% of 492 companies
in the REITs industry
Industry Median: 4.92 vs FRA:791: 1.30

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.

Armada Hoffler Properties's adjusted revenue per share data for the three months ended in Mar. 2024 was €2.663. 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 €7.68 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Armada Hoffler Properties Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Armada Hoffler Properties'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.

Armada Hoffler Properties Cyclically Adjusted PS Ratio Chart

Armada Hoffler Properties 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 - - 1.97 1.42 1.48

Armada Hoffler Properties 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 1.44 1.42 1.23 1.48 1.22

Competitive Comparison of Armada Hoffler Properties's Cyclically Adjusted PS Ratio

For the REIT - Diversified subindustry, Armada Hoffler Properties'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.


Armada Hoffler Properties's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Armada Hoffler Properties's Cyclically Adjusted PS Ratio falls into.



Armada Hoffler Properties 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.

Armada Hoffler Properties's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.85/7.68
=1.28

* 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.

Armada Hoffler Properties's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Armada Hoffler Properties's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.663/131.7762*131.7762
=2.663

Current CPI (Mar. 2024) = 131.7762.

Armada Hoffler Properties Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.369 100.560 1.794
201409 1.847 100.428 2.424
201412 1.604 99.070 2.134
201503 1.744 99.621 2.307
201506 2.332 100.684 3.052
201509 2.579 100.392 3.385
201512 2.111 99.792 2.788
201603 1.787 100.470 2.344
201606 1.611 101.688 2.088
201609 1.684 101.861 2.179
201612 2.000 101.863 2.587
201703 2.255 102.862 2.889
201706 1.764 103.349 2.249
201709 1.275 104.136 1.613
201712 1.133 104.011 1.435
201803 0.930 105.290 1.164
201806 0.918 106.317 1.138
201809 0.852 106.507 1.054
201812 0.767 105.998 0.954
201903 0.833 107.251 1.023
201906 0.976 108.070 1.190
201909 1.186 108.329 1.443
201912 1.320 108.420 1.604
202003 1.437 108.902 1.739
202006 1.525 108.767 1.848
202009 1.440 109.815 1.728
202012 1.389 109.897 1.666
202103 1.149 111.754 1.355
202106 0.904 114.631 1.039
202109 0.933 115.734 1.062
202112 1.269 117.630 1.422
202203 1.121 121.301 1.218
202206 1.451 125.017 1.529
202209 1.883 125.227 1.981
202212 2.205 125.222 2.320
202303 1.987 127.348 2.056
202306 2.256 128.729 2.309
202309 2.289 129.860 2.323
202312 2.609 129.419 2.657
202403 2.663 131.776 2.663

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.


Armada Hoffler Properties  (FRA:791) 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.


Armada Hoffler Properties Cyclically Adjusted PS Ratio Related Terms

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


Armada Hoffler Properties (FRA:791) Business Description

Traded in Other Exchanges
Address
222 Central Park Avenue, Suite 2100, Virginia Beach, VA, USA, 23462
Armada Hoffler Properties Inc is a real estate company. It engages in developing, building, owning and managing the high-quality, institutional-grade office, retail, and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. The company's operating segment includes office real estate, retail real estate, multifamily residential real estate, and general contracting and real estate services. It generates maximum revenue from the general contracting and real estate services segment.

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