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Independence Realty Trust (Independence Realty Trust) Cyclically Adjusted PS Ratio : 5.29 (As of May. 01, 2024)


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What is Independence Realty Trust Cyclically Adjusted PS Ratio?

As of today (2024-05-01), Independence Realty Trust's current share price is $15.81. Independence Realty Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $2.99. Independence Realty Trust's Cyclically Adjusted PS Ratio for today is 5.29.

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

IRT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.86   Med: 5.77   Max: 9.92
Current: 5.34

During the past years, Independence Realty Trust's highest Cyclically Adjusted PS Ratio was 9.92. The lowest was 2.86. And the median was 5.77.

IRT's Cyclically Adjusted PS Ratio is ranked worse than
53.16% of 491 companies
in the REITs industry
Industry Median: 5 vs IRT: 5.34

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.

Independence Realty Trust's adjusted revenue per share data for the three months ended in Dec. 2023 was $0.744. 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 $2.99 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Independence Realty Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Independence 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.

* Premium members only.

Independence Realty Trust Cyclically Adjusted PS Ratio Chart

Independence Realty Trust 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 5.74 5.45 9.60 5.76 5.12

Independence Realty Trust 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 5.37 6.11 4.69 5.12 -

Competitive Comparison of Independence Realty Trust's Cyclically Adjusted PS Ratio

For the REIT - Residential subindustry, Independence 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.


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

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

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



Independence 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.

Independence Realty Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.81/2.99
=5.29

* 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.

Independence Realty Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Independence Realty Trust's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.744/129.4194*129.4194
=0.744

Current CPI (Dec. 2023) = 129.4194.

Independence Realty Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.535 99.695 0.695
201406 0.658 100.560 0.847
201409 0.543 100.428 0.700
201412 0.564 99.070 0.737
201503 0.682 99.621 0.886
201506 0.687 100.684 0.883
201509 0.751 100.392 0.968
201512 0.843 99.792 1.093
201603 0.821 100.470 1.058
201606 0.811 101.688 1.032
201609 0.811 101.861 1.030
201612 0.566 101.863 0.719
201703 0.568 102.862 0.715
201706 0.574 103.349 0.719
201709 0.555 104.136 0.690
201712 0.505 104.011 0.628
201803 0.535 105.290 0.658
201806 0.540 106.317 0.657
201809 0.554 106.507 0.673
201812 0.559 105.998 0.683
201903 0.553 107.251 0.667
201906 0.566 108.070 0.678
201909 0.566 108.329 0.676
201912 0.565 108.420 0.674
202003 0.565 108.902 0.671
202006 0.550 108.767 0.654
202009 0.569 109.815 0.671
202012 0.561 109.897 0.661
202103 0.536 111.754 0.621
202106 0.558 114.631 0.630
202109 0.565 115.734 0.632
202112 0.605 117.630 0.666
202203 0.677 121.301 0.722
202206 0.700 125.017 0.725
202209 0.721 125.227 0.745
202212 0.722 125.222 0.746
202303 0.717 127.348 0.729
202306 0.728 128.729 0.732
202309 0.749 129.860 0.746
202312 0.744 129.419 0.744

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.


Independence Realty Trust  (NYSE:IRT) 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.


Independence Realty Trust Cyclically Adjusted PS Ratio Related Terms

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


Independence Realty Trust (Independence Realty Trust) Business Description

Traded in Other Exchanges
N/A
Address
1835 Market Street, Suite 2601, Philadelphia, PA, USA, 19103
Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Louisville, Memphis, Atlanta, and Raleigh. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and employment centers.
Executives
Michele R. Weisbaum other: General Counsel C/O RESOURCE AMERICA, INC., 1845 WALNUT STREET, 18TH FLOOR, PHILADELPHIA PA 19103
Scott Schaeffer director, officer: Chairman, CEO & President C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Ella S Neyland director, officer: Chief Operating Officer
Stephen R. Bowie director 18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Thomas H. Purcell director 18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Ned Brines director 18100 VON KARMAN AVENUE, SUITE 500, IRVINE CA 92612
Del Rio Ana Marie director 18100 VON KARMAN AVE, SUITE 500, IRVINE CA 92612
Lisa Washington director 311 ROUSER ROAD, MOON TOWNSHIP PA 15108
Richard H Ross director C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
James J Sebra officer: CFO & Treasurer C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
William C Dunkelberg director C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Jessica K Norman officer: EVP, General Counsel 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Jason R Delozier officer: CAO and Controller C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Richard D Gebert director C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103
Melinda H Mcclure director C/O INDEPENDENCE REALTY TRUST, 1835 MARKET STREET, SUITE 2601, PHILADELPHIA PA 19103

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