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Host Hotels & Resorts (FRA:HMT) Cyclically Adjusted PS Ratio : 2.32 (As of May. 27, 2024)


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What is Host Hotels & Resorts Cyclically Adjusted PS Ratio?

As of today (2024-05-27), Host Hotels & Resorts's current share price is €16.60. Host Hotels & Resorts's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €7.15. Host Hotels & Resorts's Cyclically Adjusted PS Ratio for today is 2.32.

The historical rank and industry rank for Host Hotels & Resorts's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:HMT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.18   Med: 2.28   Max: 2.81
Current: 2.36

During the past years, Host Hotels & Resorts's highest Cyclically Adjusted PS Ratio was 2.81. The lowest was 1.18. And the median was 2.28.

FRA:HMT's Cyclically Adjusted PS Ratio is ranked better than
77.71% of 489 companies
in the REITs industry
Industry Median: 4.97 vs FRA:HMT: 2.36

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.

Host Hotels & Resorts's adjusted revenue per share data for the three months ended in Mar. 2024 was €1.918. 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 €7.15 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Host Hotels & Resorts Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Host Hotels & Resorts'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.

Host Hotels & Resorts Cyclically Adjusted PS Ratio Chart

Host Hotels & Resorts 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 2.43 2.03 2.39 2.13 2.56

Host Hotels & Resorts 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 2.16 2.20 2.09 2.56 2.67

Competitive Comparison of Host Hotels & Resorts's Cyclically Adjusted PS Ratio

For the REIT - Hotel & Motel subindustry, Host Hotels & Resorts'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.


Host Hotels & Resorts's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Host Hotels & Resorts's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Host Hotels & Resorts's Cyclically Adjusted PS Ratio falls into.



Host Hotels & Resorts 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.

Host Hotels & Resorts's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=16.60/7.15
=2.32

* 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.

Host Hotels & Resorts's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Host Hotels & Resorts'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)
=1.918/131.7762*131.7762
=1.918

Current CPI (Mar. 2024) = 131.7762.

Host Hotels & Resorts Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.393 100.560 1.825
201409 1.328 100.428 1.743
201412 1.187 99.070 1.579
201503 1.591 99.621 2.105
201506 1.632 100.684 2.136
201509 1.531 100.392 2.010
201512 1.614 99.792 2.131
201603 1.604 100.470 2.104
201606 1.745 101.688 2.261
201609 1.557 101.861 2.014
201612 1.715 101.863 2.219
201703 1.707 102.862 2.187
201706 1.736 103.349 2.214
201709 1.424 104.136 1.802
201712 1.534 104.011 1.943
201803 1.476 105.290 1.847
201806 1.755 106.317 2.175
201809 1.503 106.507 1.860
201812 1.613 105.998 2.005
201903 1.661 107.251 2.041
201906 1.775 108.070 2.164
201909 1.579 108.329 1.921
201912 1.672 108.420 2.032
202003 1.345 108.902 1.628
202006 0.130 108.767 0.158
202009 0.238 109.815 0.286
202012 0.311 109.897 0.373
202103 0.475 111.754 0.560
202106 0.761 114.631 0.875
202109 1.005 115.734 1.144
202112 1.237 117.630 1.386
202203 1.362 121.301 1.480
202206 1.822 125.017 1.921
202209 1.673 125.227 1.761
202212 1.661 125.222 1.748
202303 1.804 127.348 1.867
202306 1.803 128.729 1.846
202309 1.598 129.860 1.622
202312 1.708 129.419 1.739
202403 1.918 131.776 1.918

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.


Host Hotels & Resorts  (FRA:HMT) 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.


Host Hotels & Resorts Cyclically Adjusted PS Ratio Related Terms

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


Host Hotels & Resorts (FRA:HMT) Business Description

Traded in Other Exchanges
Address
4747 Bethesda Avenue, Suite 1300, Bethesda, MD, USA, 20814
Host Hotels & Resorts owns 77 predominantly urban and resort upper-upscale and luxury hotel properties representing nearly 42,000 rooms, mainly in the United States. Host recently sold off the company's interests in a joint venture owning a portfolio of hotels throughout Europe and also sold other joint ventures that owned properties in Asia and the United States. The majority of Host's portfolio operates under the Marriott and Starwood brands.

Host Hotels & Resorts (FRA:HMT) Headlines

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