GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Cousins Properties Inc (FRA:CPZ1) » Definitions » Cyclically Adjusted PS Ratio

Cousins Properties (FRA:CPZ1) Cyclically Adjusted PS Ratio : 4.42 (As of May. 01, 2024)


View and export this data going back to . Start your Free Trial

What is Cousins Properties Cyclically Adjusted PS Ratio?

As of today (2024-05-01), Cousins Properties's current share price is €21.40. Cousins Properties's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €4.84. Cousins Properties's Cyclically Adjusted PS Ratio for today is 4.42.

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

FRA:CPZ1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.27   Med: 4.44   Max: 8.15
Current: 4.34

During the past years, Cousins Properties's highest Cyclically Adjusted PS Ratio was 8.15. The lowest was 2.27. And the median was 4.44.

FRA:CPZ1's Cyclically Adjusted PS Ratio is ranked better than
54.99% of 491 companies
in the REITs industry
Industry Median: 5 vs FRA:CPZ1: 4.34

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.

Cousins Properties's adjusted revenue per share data for the three months ended in Mar. 2024 was €1.263. 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 €4.84 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cousins Properties Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Cousins 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.

Cousins Properties Cyclically Adjusted PS Ratio Chart

Cousins 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 7.88 6.64 7.66 4.66 4.53

Cousins 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 3.92 4.17 3.72 4.53 4.54

Competitive Comparison of Cousins Properties's Cyclically Adjusted PS Ratio

For the REIT - Office subindustry, Cousins 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.


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

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

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



Cousins 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=21.40/4.84
=4.42

* 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.

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

For example, Cousins 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)
=1.263/129.4194*129.4194
=1.263

Current CPI (Mar. 2024) = 129.4194.

Cousins Properties Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.254 100.560 1.614
201409 1.316 100.428 1.696
201412 -1.163 99.070 -1.519
201503 1.568 99.621 2.037
201506 1.610 100.684 2.069
201509 1.617 100.392 2.085
201512 -1.435 99.792 -1.861
201603 0.816 100.470 1.051
201606 0.817 101.688 1.040
201609 0.825 101.861 1.048
201612 1.102 101.863 1.400
201703 1.090 102.862 1.371
201706 0.992 103.349 1.242
201709 0.889 104.136 1.105
201712 0.903 104.011 1.124
201803 0.889 105.290 1.093
201806 0.934 106.317 1.137
201809 0.952 106.507 1.157
201812 1.009 105.998 1.232
201903 1.099 107.251 1.326
201906 1.096 108.070 1.313
201909 1.151 108.329 1.375
201912 1.177 108.420 1.405
202003 1.181 108.902 1.404
202006 1.075 108.767 1.279
202009 1.048 109.815 1.235
202012 1.012 109.897 1.192
202103 1.071 111.754 1.240
202106 1.041 114.631 1.175
202109 1.078 115.734 1.205
202112 1.127 117.630 1.240
202203 1.139 121.301 1.215
202206 1.178 125.017 1.219
202209 1.299 125.227 1.342
202212 1.209 125.222 1.250
202303 1.247 127.348 1.267
202306 1.240 128.729 1.247
202309 1.225 129.860 1.221
202312 1.188 129.419 1.188
202403 1.263 129.419 1.263

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.


Cousins Properties  (FRA:CPZ1) 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.


Cousins Properties Cyclically Adjusted PS Ratio Related Terms

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


Cousins Properties (FRA:CPZ1) Business Description

Industry
Traded in Other Exchanges
Address
3344 Peachtree Road NE, Suite 1800, Atlanta, GA, USA, 30326-4802
Cousins Properties Inc is a real estate investment trust principally involved in the ownership, management, and development of properties in the Southern United States. Cousins Properties' real estate portfolio primarily comprises offices and mixed-use developments that encompass both apartment and retail space. Offices make up the vast majority of the portfolio in terms of total square footage. Cousins' assets are mainly located in Texas and Georgia, with North Carolina also playing host to a smaller amount of rental space. The company derives nearly all of its revenue in the form of rental income from its properties, most of which comes from its office locations. A diverse set of tenants in the cities of Houston and Atlanta represent the company's major markets.

Cousins Properties (FRA:CPZ1) Headlines

No Headlines