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Simon Property Group (MEX:SPG) Cyclically Adjusted PS Ratio : 8.94 (As of Jan. 18, 2025)


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What is Simon Property Group Cyclically Adjusted PS Ratio?

As of today (2025-01-18), Simon Property Group's current share price is MXN3560.00. Simon Property Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was MXN398.43. Simon Property Group's Cyclically Adjusted PS Ratio for today is 8.94.

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

MEX:SPG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.65   Med: 8.6   Max: 13.7
Current: 8.52

During the past years, Simon Property Group's highest Cyclically Adjusted PS Ratio was 13.70. The lowest was 2.65. And the median was 8.60.

MEX:SPG's Cyclically Adjusted PS Ratio is ranked worse than
74.76% of 515 companies
in the REITs industry
Industry Median: 5.29 vs MEX:SPG: 8.52

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.

Simon Property Group's adjusted revenue per share data for the three months ended in Sep. 2024 was MXN89.391. 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 MXN398.43 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Simon Property Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Simon Property Group'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.

Simon Property Group Cyclically Adjusted PS Ratio Chart

Simon Property Group 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 8.51 4.84 8.57 5.98 7.11

Simon Property Group 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 5.35 7.11 7.68 7.42 8.27

Competitive Comparison of Simon Property Group's Cyclically Adjusted PS Ratio

For the REIT - Retail subindustry, Simon Property Group'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.


Simon Property Group's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Simon Property Group's Cyclically Adjusted PS Ratio falls into.



Simon Property Group 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.

Simon Property Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3560.00/398.43
=8.94

* 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.

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

For example, Simon Property Group'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)
=89.391/133.0289*133.0289
=89.391

Current CPI (Sep. 2024) = 133.0289.

Simon Property Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 61.562 99.070 82.664
201503 59.600 99.621 79.587
201506 68.174 100.684 90.075
201509 72.096 100.392 95.534
201512 76.725 99.792 102.279
201603 74.367 100.470 98.466
201606 77.620 101.688 101.543
201609 83.509 101.861 109.061
201612 93.720 101.863 122.395
201703 81.006 102.862 104.763
201706 78.989 103.349 101.673
201709 81.946 104.136 104.683
201712 89.488 104.011 114.454
201803 81.553 105.290 103.039
201806 87.976 106.317 110.080
201809 84.910 106.507 106.054
201812 92.816 105.998 116.485
201903 91.211 107.251 113.134
201906 86.938 108.070 107.017
201909 91.012 108.329 111.763
201912 91.493 108.420 112.260
202003 103.534 108.902 126.472
202006 80.142 108.767 98.018
202009 76.595 109.815 92.787
202012 71.076 109.897 86.037
202103 77.153 111.754 91.840
202106 75.975 114.631 88.168
202109 81.127 115.734 93.250
202112 82.784 117.630 93.622
202203 78.523 121.301 86.115
202206 78.393 125.017 83.417
202209 80.868 125.227 85.907
202212 83.477 125.222 88.681
202303 74.472 127.348 77.794
202306 71.764 128.729 74.161
202309 75.123 129.860 76.956
202312 79.550 129.419 81.769
202403 73.460 131.776 74.158
202406 81.940 132.554 82.234
202409 89.391 133.029 89.391

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.


Simon Property Group  (MEX:SPG) 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.


Simon Property Group Cyclically Adjusted PS Ratio Related Terms

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


Simon Property Group Business Description

Industry
Address
225 West Washington Street, Indianapolis, IN, USA, 46204
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 11 countries.