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Glimcher Realty Trust (FRA:GRY) Cyclically Adjusted PS Ratio : (As of Jun. 23, 2024)


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What is Glimcher Realty Trust Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Glimcher Realty Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Glimcher 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.

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Glimcher Realty Trust Cyclically Adjusted PS Ratio Chart

Glimcher Realty Trust Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cyclically Adjusted PS Ratio
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Glimcher Realty Trust Quarterly Data
Sep09 Dec09 Mar10 Jun10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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Competitive Comparison of Glimcher Realty Trust's Cyclically Adjusted PS Ratio

For the REIT - Retail subindustry, Glimcher 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.


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

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

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



Glimcher 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.

Glimcher Realty Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2014 is calculated as:

For example, Glimcher Realty Trust's adjusted Revenue per Share data for the three months ended in Sep. 2014 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2014 (Change)*Current CPI (Sep. 2014)
=0.409/100.4278*100.4278
=0.409

Current CPI (Sep. 2014) = 100.4278.

Glimcher Realty Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200409 1.193 80.121 1.495
200412 0.000 80.290 0.000
200503 1.204 81.555 1.483
200506 1.132 82.062 1.385
200509 1.177 83.876 1.409
200512 1.170 83.032 1.415
200603 1.148 84.298 1.368
200606 1.040 85.606 1.220
200609 1.042 85.606 1.222
200612 0.968 85.142 1.142
200703 0.960 86.640 1.113
200706 0.929 87.906 1.061
200709 0.945 87.964 1.079
200712 1.033 88.616 1.171
200803 0.909 90.090 1.013
200806 0.904 92.320 0.983
200809 1.124 92.307 1.223
200812 0.932 88.697 1.055
200903 1.115 89.744 1.248
200906 0.981 91.003 1.083
200909 0.852 91.120 0.939
200912 0.580 91.111 0.639
201003 1.047 91.821 1.145
201006 0.502 91.962 0.548
201012 0.428 92.474 0.465
201103 0.326 94.283 0.347
201106 0.310 95.235 0.327
201109 0.331 95.727 0.347
201112 0.377 95.213 0.398
201203 0.334 96.783 0.347
201206 0.430 96.819 0.446
201209 0.474 97.633 0.488
201212 0.111 96.871 0.115
201303 0.360 98.209 0.368
201306 0.396 98.518 0.404
201309 0.376 98.790 0.382
201312 0.414 98.326 0.423
201403 0.356 99.695 0.359
201406 0.386 100.560 0.385
201409 0.409 100.428 0.409

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.


Glimcher Realty Trust  (FRA:GRY) 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.


Glimcher Realty Trust Cyclically Adjusted PS Ratio Related Terms

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Glimcher Realty Trust (FRA:GRY) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Glimcher Realty Trust is a self-administered and self-managed Maryland real estate investment trust which was formed on September 1, 1993. The Company and its affiliates are engaged in owning, leasing, acquiring, developing and operating a portfolio of retail properties consisting of regional and super regional malls and community shopping centers. At December 31, 2013, the Company owned material interests in and managed 28 properties - 25 wholly-owned and 3 partially owned through joint ventures which are located in 15 states. The Properties contain an aggregate of approximately 19.3 million square feet of gross leasable area of which approximately 95.6% was occupied at December 31, 2013. The Malls provide a range of shopping alternatives to serve the needs of customers in all market segments. The Company's Malls are in various formats such as enclosed regional malls, open-air retail centers, and outlet centers. Malls are generally anchored by multiple department stores such as Belk's, The Bon-Ton, Boscov's, Dick's Sporting Goods, Dillard's, Elder-Beerman, Herberger's, JCPenney, Kohl's, Macy's, Saks, Sears, and Von Maur. Mall stores, most of which are national retailers, include Abercrombie & Fitch, American Eagle Outfitters, Apple, Bath & Body Works, Express, Finish Line, Foot Locker, Forever 21, H&M, Hallmark, Kay Jewelers, The Limited, lululemon athletica, Pacific Sunwear, and Victoria's Secret. The Malls also have additional restaurants and retail businesses, such as Benihana, Cheesecake Factory, P.F. Chang's, and Red Lobster, located along the perimeter of the parking areas. The Company's Community Centers are designed to attract local and regional area customers and are typically anchored by a combination of discount department stores or supermarkets which attract shoppers to each center's smaller shops. The tenants at the Company's Community Centers typically offer day-to-day necessities and value-oriented merchandise. Many of the Community Centers have retail businesses or restaurants located along the perimeter of the parking areas. There are numerous shopping facilities that compete with the Company's Properties in attracting retailers to lease space.

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