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Veris Residential (FRA:WY4) Cyclically Adjusted PS Ratio : 2.93 (As of Jun. 20, 2024)


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What is Veris Residential Cyclically Adjusted PS Ratio?

As of today (2024-06-20), Veris Residential's current share price is €13.00. Veris Residential's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €4.44. Veris Residential's Cyclically Adjusted PS Ratio for today is 2.93.

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

FRA:WY4' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.74   Med: 2.84   Max: 3.67
Current: 2.92

During the past years, Veris Residential's highest Cyclically Adjusted PS Ratio was 3.67. The lowest was 1.74. And the median was 2.84.

FRA:WY4's Cyclically Adjusted PS Ratio is ranked better than
71.6% of 493 companies
in the REITs industry
Industry Median: 4.83 vs FRA:WY4: 2.92

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.

Veris Residential's adjusted revenue per share data for the three months ended in Mar. 2024 was €0.614. 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 €4.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Veris Residential Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Veris Residential'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.

Veris Residential Cyclically Adjusted PS Ratio Chart

Veris Residential 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 3.60 2.14 3.27 2.98 3.19

Veris Residential 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 2.77 3.09 3.24 3.19 3.13

Competitive Comparison of Veris Residential's Cyclically Adjusted PS Ratio

For the REIT - Residential subindustry, Veris Residential'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.


Veris Residential's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Veris Residential 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.

Veris Residential's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.00/4.44
=2.93

* 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.

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

For example, Veris Residential'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)
=0.614/131.7762*131.7762
=0.614

Current CPI (Mar. 2024) = 131.7762.

Veris Residential Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.180 100.560 1.546
201409 1.206 100.428 1.582
201412 1.226 99.070 1.631
201503 1.417 99.621 1.874
201506 1.320 100.684 1.728
201509 1.300 100.392 1.706
201512 1.342 99.792 1.772
201603 1.369 100.470 1.796
201606 1.323 101.688 1.714
201609 1.400 101.861 1.811
201612 1.450 101.863 1.876
201703 1.393 102.862 1.785
201706 1.443 103.349 1.840
201709 1.333 104.136 1.687
201712 -0.114 104.011 -0.144
201803 1.120 105.290 1.402
201806 1.077 106.317 1.335
201809 1.124 106.507 1.391
201812 -0.226 105.998 -0.281
201903 0.791 107.251 0.972
201906 0.762 108.070 0.929
201909 0.789 108.329 0.960
201912 0.834 108.420 1.014
202003 0.755 108.902 0.914
202006 0.657 108.767 0.796
202009 0.670 109.815 0.804
202012 0.627 109.897 0.752
202103 0.641 111.754 0.756
202106 0.662 114.631 0.761
202109 0.699 115.734 0.796
202112 -0.370 117.630 -0.414
202203 0.419 121.301 0.455
202206 0.507 125.017 0.534
202209 0.635 125.227 0.668
202212 0.632 125.222 0.665
202303 0.582 127.348 0.602
202306 0.629 128.729 0.644
202309 0.664 129.860 0.674
202312 0.662 129.419 0.674
202403 0.614 131.776 0.614

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.


Veris Residential  (FRA:WY4) 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.


Veris Residential Cyclically Adjusted PS Ratio Related Terms

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


Veris Residential (FRA:WY4) Business Description

Industry
Traded in Other Exchanges
Address
Harborside 3, 210 Hudson Street, Suite 400, Jersey City, NJ, USA, 07311
Veris Residential Inc is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The company owns and operates a real estate portfolio comprised predominantly of multifamily rental properties located mainly in the Northeast and Class A office properties. The company performs substantially all real estate management, leasing, acquisition and development on an in-house basis. The properties are in three states in the Northeast, plus the District of Columbia. The company operates in two industry segments multifamily real estate & services and commercial & other real estate. The majority of revenue is from Multifamily real estate services.

Veris Residential (FRA:WY4) Headlines

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