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LTC (LTC Properties) Cyclically Adjusted PS Ratio : 7.26 (As of Dec. 13, 2024)


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What is LTC Properties Cyclically Adjusted PS Ratio?

As of today (2024-12-13), LTC Properties's current share price is $36.82. LTC Properties's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was $5.07. LTC Properties's Cyclically Adjusted PS Ratio for today is 7.26.

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

LTC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.26   Med: 10.84   Max: 15.65
Current: 7.26

During the past years, LTC Properties's highest Cyclically Adjusted PS Ratio was 15.65. The lowest was 6.26. And the median was 10.84.

LTC's Cyclically Adjusted PS Ratio is ranked worse than
64.84% of 512 companies
in the REITs industry
Industry Median: 5.535 vs LTC: 7.26

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.

LTC Properties's adjusted revenue per share data for the three months ended in Sep. 2024 was $1.257. 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 $5.07 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


LTC Properties Cyclically Adjusted PS Ratio Historical Data

The historical data trend for LTC 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.

LTC Properties Cyclically Adjusted PS Ratio Chart

LTC 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 11.43 9.69 7.85 7.60 6.56

LTC Properties Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 6.56 6.56 6.51 6.85 7.23

Competitive Comparison of LTC Properties's Cyclically Adjusted PS Ratio

For the REIT - Healthcare Facilities subindustry, LTC 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.


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

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

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



LTC 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=36.82/5.07
=7.26

* 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.

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

For example, LTC Properties's adjusted Revenue per Share data for the three months ended in Sep. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=1.257/133.0289*133.0289
=1.257

Current CPI (Sep. 2024) = 133.0289.

LTC Properties Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.838 99.070 1.125
201503 0.844 99.621 1.127
201506 0.868 100.684 1.147
201509 0.936 100.392 1.240
201512 1.001 99.792 1.334
201603 1.031 100.470 1.365
201606 1.048 101.688 1.371
201609 1.038 101.861 1.356
201612 1.079 101.863 1.409
201703 1.076 102.862 1.392
201706 1.067 103.349 1.373
201709 1.038 104.136 1.326
201712 1.058 104.011 1.353
201803 1.060 105.290 1.339
201806 1.043 106.317 1.305
201809 1.048 106.507 1.309
201812 1.095 105.998 1.374
201903 1.140 107.251 1.414
201906 1.163 108.070 1.432
201909 1.179 108.329 1.448
201912 1.174 108.420 1.440
202003 1.174 108.902 1.434
202006 0.728 108.767 0.890
202009 0.976 109.815 1.182
202012 1.179 109.897 1.427
202103 1.028 111.754 1.224
202106 0.973 114.631 1.129
202109 0.956 115.734 1.099
202112 1.007 117.630 1.139
202203 1.037 121.301 1.137
202206 1.085 125.017 1.155
202209 1.073 125.227 1.140
202212 1.178 125.222 1.251
202303 1.202 127.348 1.256
202306 1.170 128.729 1.209
202309 1.196 129.860 1.225
202312 1.199 129.419 1.232
202403 1.194 131.776 1.205
202406 1.153 132.554 1.157
202409 1.257 133.029 1.257

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.


LTC Properties  (NYSE:LTC) 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.


LTC Properties Cyclically Adjusted PS Ratio Related Terms

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


LTC Properties Business Description

Industry
Traded in Other Exchanges
Address
2829 Townsgate Road, Suite 350, Westlake Village, CA, USA, 91361
LTC Properties Inc is a healthcare facility real estate investment trust. The company operates one segment that works to invest in seniors housing and healthcare facilities through mortgage loans, property lease transactions, and other investments. Its real estate investments includes different types of properties such as Independent living communities, Assisted living communities, Memory care communities, Skilled nursing centers and other types of properties.
Executives
Clint B Malin officer: VP & CIO 22917 PACIFIC COAST HWY, SUITE 350, MALIBU CA 90265
Timothy Triche director 2358 NORTH VERMONT AVE, LOS ANGELES CA 90027
David L Gruber director 2829 TOWNSGATE RD, STE 350, WESTLAKE VILLAGE CA 91361
Boyd W Hendrickson director 22917 PACIFIC COAST HWY, SUITE 350, MALIBU CA 90265
Pamela Shelley-kessler officer: VP & Controller 300 ESPLANADE DR #1860, OXNARD CA 93036
Wendy Simpson director, officer: CFO & Treasurer 300 ESPLANADE DR #1860, OXNARD CA 93036
Caroline Wong officer: VP, Controller & Treasurer 2829 TOWNSGATE RD, SUITE 350, WESTLAKE VILLAGE CA 91361
Cheng Cornelia director 2829 TOWNSGATE RD, STE 350, STE 350, WESTLAKE VILLAGE CA 91361
James Pieczynski director PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Brent P. Chappell officer: SVP, Inv. & Portfolio Mgmt 2829 TOWNSGATE RD #350, WESTLAKE VILLAGE CA 91361
Edmund King director 258 VINEYARD LANE, MESQUITE NV 89027
Thomas Andrew Stokes officer: VP, Marketing/Strat. Planning 31365 OAK CREST DRIVE, SUITE 200, WESTLAKE VILLAGE CA 91361
Peter G Lyew officer: VP, Director of Taxes 31365 OAK CREST DRVE, SUITE 200, WESTLAKE VILLAGE CA 91361
Andre C Dimitriadis director, officer: CEO and President 9955 SE WASHINTON, SUITE 201, PORTLAND OR 97216
Devra G Shapiro director C/O IPC THE HOSPITALIST COMPANY, INC., 4605 LANKERSHIM BLVD SUITE 617, NORTH HOLLYWOOD CA 91602