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Capstead Mortgage (FRA:WXA) Cyclically Adjusted PS Ratio : (As of Jun. 20, 2024)


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What is Capstead Mortgage Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Capstead Mortgage Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Capstead Mortgage'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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Capstead Mortgage Cyclically Adjusted PS Ratio Chart

Capstead Mortgage Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cyclically Adjusted PS Ratio
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Capstead Mortgage Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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Competitive Comparison of Capstead Mortgage's Cyclically Adjusted PS Ratio

For the REIT - Mortgage subindustry, Capstead Mortgage'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.


Capstead Mortgage's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Capstead Mortgage 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.

Capstead Mortgage's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2021 is calculated as:

For example, Capstead Mortgage's adjusted Revenue per Share data for the three months ended in Jun. 2021 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2021 (Change)*Current CPI (Jun. 2021)
=0.156/114.6314*114.6314
=0.156

Current CPI (Jun. 2021) = 114.6314.

Capstead Mortgage Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201109 0.389 95.727 0.466
201112 0.411 95.213 0.495
201203 0.418 96.783 0.495
201206 0.400 96.819 0.474
201209 0.343 97.633 0.403
201212 0.300 96.871 0.355
201303 0.307 98.209 0.358
201306 0.260 98.518 0.303
201309 0.225 98.790 0.261
201312 0.313 98.326 0.365
201403 0.318 99.695 0.366
201406 0.304 100.560 0.347
201409 0.290 100.428 0.331
201412 0.307 99.070 0.355
201503 0.361 99.621 0.415
201506 0.263 100.684 0.299
201509 0.234 100.392 0.267
201512 0.303 99.792 0.348
201603 0.292 100.470 0.333
201606 0.227 101.688 0.256
201609 0.199 101.861 0.224
201612 0.206 101.863 0.232
201703 0.242 102.862 0.270
201706 0.191 103.349 0.212
201709 0.165 104.136 0.182
201712 0.201 104.011 0.222
201803 0.196 105.290 0.213
201806 0.143 106.317 0.154
201809 0.110 106.507 0.118
201812 0.123 105.998 0.133
201903 -0.032 107.251 -0.034
201906 -0.629 108.070 -0.667
201909 0.048 108.329 0.051
201912 0.343 108.420 0.363
202003 -1.918 108.902 -2.019
202006 0.243 108.767 0.256
202009 0.286 109.815 0.299
202012 0.226 109.897 0.236
202103 0.196 111.754 0.201
202106 0.156 114.631 0.156

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.


Capstead Mortgage  (FRA:WXA) 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.


Capstead Mortgage Cyclically Adjusted PS Ratio Related Terms

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


Capstead Mortgage (FRA:WXA) Business Description

Industry
Traded in Other Exchanges
N/A
Address
8401 North Central Expressway, Suite 800, Dallas, TX, USA, 75225-4404
Capstead Mortgage Corp is a self-managed real estate investment trust for federal income tax purposes. The company earns income from investing in a leveraged portfolio of residential adjustable-rate mortgage pass-through securities, issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.

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