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SmartCentres Real Estate Investment Trust (FRA:C7J1) Cyclically Adjusted PS Ratio : 4.29 (As of May. 19, 2024)


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What is SmartCentres Real Estate Investment Trust Cyclically Adjusted PS Ratio?

As of today (2024-05-19), SmartCentres Real Estate Investment Trust's current share price is €15.50. SmartCentres Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €3.61. SmartCentres Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is 4.29.

The historical rank and industry rank for SmartCentres Real Estate Investment Trust's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:C7J1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.54   Med: 6.02   Max: 7.97
Current: 4.2

During the past years, SmartCentres Real Estate Investment Trust's highest Cyclically Adjusted PS Ratio was 7.97. The lowest was 3.54. And the median was 6.02.

FRA:C7J1's Cyclically Adjusted PS Ratio is ranked better than
57.55% of 490 companies
in the REITs industry
Industry Median: 4.96 vs FRA:C7J1: 4.20

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.

SmartCentres Real Estate Investment Trust's adjusted revenue per share data for the three months ended in Mar. 2024 was €0.867. 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 €3.61 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

SmartCentres Real Estate Investment Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for SmartCentres Real Estate Investment 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.

SmartCentres Real Estate Investment Trust Cyclically Adjusted PS Ratio Chart

SmartCentres Real Estate Investment Trust 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 6.34 4.72 6.35 5.04 4.59

SmartCentres Real Estate Investment Trust 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 4.94 4.48 4.18 4.59 4.26

Competitive Comparison of SmartCentres Real Estate Investment Trust's Cyclically Adjusted PS Ratio

For the REIT - Retail subindustry, SmartCentres Real Estate Investment 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.

SmartCentres Real Estate Investment Trust's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

* The bar in red indicates where SmartCentres Real Estate Investment Trust's Cyclically Adjusted PS Ratio falls into.


SmartCentres Real Estate Investment 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.

SmartCentres Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.50/3.61
=4.29

* 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.

SmartCentres Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, SmartCentres Real Estate Investment Trust'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)
=0.867/126.2576*126.2576
=0.867

Current CPI (Mar. 2024) = 126.2576.

SmartCentres Real Estate Investment Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.751 99.473 0.953
201409 0.764 99.394 0.970
201412 0.790 98.367 1.014
201503 0.850 99.789 1.075
201506 0.757 100.500 0.951
201509 0.757 100.421 0.952
201512 0.775 99.947 0.979
201603 0.790 101.054 0.987
201606 0.836 102.002 1.035
201609 0.763 101.765 0.947
201612 0.849 101.449 1.057
201703 0.835 102.634 1.027
201706 0.789 103.029 0.967
201709 0.788 103.345 0.963
201712 0.829 103.345 1.013
201803 0.787 105.004 0.946
201806 0.812 105.557 0.971
201809 0.802 105.636 0.959
201812 0.820 105.399 0.982
201903 0.816 106.979 0.963
201906 0.780 107.690 0.914
201909 0.795 107.611 0.933
201912 0.839 107.769 0.983
202003 0.777 107.927 0.909
202006 0.721 108.401 0.840
202009 0.691 108.164 0.807
202012 0.733 108.559 0.852
202103 0.766 110.298 0.877
202106 0.759 111.720 0.858
202109 0.769 112.905 0.860
202112 0.783 113.774 0.869
202203 0.855 117.646 0.918
202206 0.817 120.806 0.854
202209 0.830 120.648 0.869
202212 0.842 120.964 0.879
202303 0.844 122.702 0.868
202306 0.799 124.203 0.812
202309 0.792 125.230 0.798
202312 0.847 125.072 0.855
202403 0.867 126.258 0.867

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.

SmartCentres Real Estate Investment Trust  (FRA:C7J1) 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.

SmartCentres Real Estate Investment Trust Cyclically Adjusted PS Ratio Related Terms

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

SmartCentres Real Estate Investment Trust (FRA:C7J1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SmartCentres Real Estate Investment Trust (FRA:C7J1) » Definitions » Cyclically Adjusted PS Ratio
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TSX:CHP.UN TSX:CRT.UN TSX:FCR.UN TSX:REI.UN TSX:PMZ.UN TSX:SGR.UN TSX:PLZ.UN TSX:FCD.UN SPG O KIM XPAR:URW HKSE:00823 REG ASX:SCG SGX:C38U FRT XPAR:LI NNN BRX
Traded in Other Exchanges
CWYUF:USA SRU.UN:Canada
Address
3200 Highway 7, Vaughan, ON, CAN, L4K 5Z5
Website
https://www.smartcentres.com
SmartCentres Real Estate Investment Trust is a Canadian fully integrated commercial and residential REIT, with approximately 174 strategically located properties in communities across the country. The company is developing complete, connected, mixed-use communities on its existing retail properties, under its wholly-owned residential sub-brand, SmartLiving. The Trust develops, leases, constructs, owns and manages shopping centres, office buildings, high-rise and low-rise condominiums and rental residences, seniors' housing, townhome units, self-storage rental facilities, and industrial facilities in Canada.

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