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UMH Properties (FRA:WXE) Cyclically Adjusted PS Ratio : 3.70 (As of Jun. 24, 2024)


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What is UMH Properties Cyclically Adjusted PS Ratio?

As of today (2024-06-24), UMH Properties's current share price is €14.40. UMH Properties's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €3.89. UMH Properties's Cyclically Adjusted PS Ratio for today is 3.70.

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

FRA:WXE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.42   Med: 3.86   Max: 6.99
Current: 3.63

During the past years, UMH Properties's highest Cyclically Adjusted PS Ratio was 6.99. The lowest was 2.42. And the median was 3.86.

FRA:WXE's Cyclically Adjusted PS Ratio is ranked better than
61.99% of 492 companies
in the REITs industry
Industry Median: 4.91 vs FRA:WXE: 3.63

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.

UMH Properties's adjusted revenue per share data for the three months ended in Mar. 2024 was €0.768. 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 €3.89 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


UMH Properties Cyclically Adjusted PS Ratio Historical Data

The historical data trend for UMH 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.

UMH Properties Cyclically Adjusted PS Ratio Chart

UMH 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 4.55 4.13 6.99 3.88 3.64

UMH 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 3.51 3.78 3.30 3.64 3.80

Competitive Comparison of UMH Properties's Cyclically Adjusted PS Ratio

For the REIT - Residential subindustry, UMH 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.


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

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

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



UMH 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.40/3.89
=3.70

* 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.

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

For example, UMH 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)
=0.768/131.7762*131.7762
=0.768

Current CPI (Mar. 2024) = 131.7762.

UMH Properties Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.604 100.560 0.791
201409 0.629 100.428 0.825
201412 0.642 99.070 0.854
201503 0.682 99.621 0.902
201506 0.678 100.684 0.887
201509 0.733 100.392 0.962
201512 0.747 99.792 0.986
201603 0.778 100.470 1.020
201606 0.821 101.688 1.064
201609 0.810 101.861 1.048
201612 0.825 101.863 1.067
201703 0.826 102.862 1.058
201706 0.807 103.349 1.029
201709 0.706 104.136 0.893
201712 0.694 104.011 0.879
201803 0.673 105.290 0.842
201806 0.743 106.317 0.921
201809 0.772 106.507 0.955
201812 0.795 105.998 0.988
201903 0.780 107.251 0.958
201906 0.831 108.070 1.013
201909 0.832 108.329 1.012
201912 0.822 108.420 0.999
202003 0.826 108.902 1.000
202006 0.857 108.767 1.038
202009 0.884 109.815 1.061
202012 0.843 109.897 1.011
202103 0.837 111.754 0.987
202106 0.871 114.631 1.001
202109 0.854 115.734 0.972
202112 0.798 117.630 0.894
202203 0.796 121.301 0.865
202206 0.859 125.017 0.905
202209 0.956 125.227 1.006
202212 0.817 125.222 0.860
202303 0.832 127.348 0.861
202306 0.833 128.729 0.853
202309 0.807 129.860 0.819
202312 0.783 129.419 0.797
202403 0.768 131.776 0.768

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.


UMH Properties  (FRA:WXE) 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.


UMH Properties Cyclically Adjusted PS Ratio Related Terms

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


UMH Properties (FRA:WXE) Business Description

Industry
Traded in Other Exchanges
Address
3499 Route 9, Suite 3C, Freehold, NJ, USA, 07728
UMH Properties Inc together with its subsidiaries is a real estate investment trust. It is engaged in the business of ownership and operation of manufactured home communities - leasing manufactured homesites to private manufactured home owners. It also leases homes to residents. The company also owns the land, utility connections, streets, lighting, driveways, common area amenities, and other capital improvements. It earns income from leasing, brokerage, and appreciation. It is located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, and Maryland.

UMH Properties (FRA:WXE) Headlines

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