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SM Prime Holdings (PHS:SMPH) Cyclically Adjusted PS Ratio : 5.52 (As of Jun. 03, 2025)


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What is SM Prime Holdings Cyclically Adjusted PS Ratio?

As of today (2025-06-03), SM Prime Holdings's current share price is ₱22.95. SM Prime Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was ₱4.16. SM Prime Holdings's Cyclically Adjusted PS Ratio for today is 5.52.

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

PHS:SMPH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.41   Med: 10.04   Max: 14.96
Current: 5.42

During the past years, SM Prime Holdings's highest Cyclically Adjusted PS Ratio was 14.96. The lowest was 5.41. And the median was 10.04.

PHS:SMPH's Cyclically Adjusted PS Ratio is ranked worse than
76.85% of 1300 companies
in the Real Estate industry
Industry Median: 1.89 vs PHS:SMPH: 5.42

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.

SM Prime Holdings's adjusted revenue per share data for the three months ended in Mar. 2025 was ₱1.136. 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 ₱4.16 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


SM Prime Holdings Cyclically Adjusted PS Ratio Historical Data

The historical data trend for SM Prime Holdings'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.

SM Prime Holdings Cyclically Adjusted PS Ratio Chart

SM Prime Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.82 9.91 9.90 8.69 6.18

SM Prime Holdings Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 8.41 7.17 8.05 6.18 5.48

Competitive Comparison of SM Prime Holdings's Cyclically Adjusted PS Ratio

For the Real Estate - Diversified subindustry, SM Prime Holdings'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.


SM Prime Holdings's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, SM Prime Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where SM Prime Holdings's Cyclically Adjusted PS Ratio falls into.


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SM Prime Holdings 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.

SM Prime Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22.95/4.16
=5.52

* 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.

SM Prime Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, SM Prime Holdings's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.136/134.9266*134.9266
=1.136

Current CPI (Mar. 2025) = 134.9266.

SM Prime Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.667 100.684 0.894
201509 0.563 100.392 0.757
201512 0.669 99.792 0.905
201603 0.633 100.470 0.850
201606 0.727 101.688 0.965
201609 0.645 101.861 0.854
201612 0.764 101.863 1.012
201703 0.711 102.862 0.933
201706 0.788 103.349 1.029
201709 0.742 104.136 0.961
201712 0.910 104.011 1.180
201803 0.809 105.290 1.037
201806 0.916 106.317 1.162
201809 0.858 106.507 1.087
201812 1.023 105.998 1.302
201903 0.920 107.251 1.157
201906 1.057 108.070 1.320
201909 0.968 108.329 1.206
201912 1.153 108.420 1.435
202003 0.894 108.902 1.108
202006 0.618 108.767 0.767
202009 0.589 109.815 0.724
202012 0.735 109.897 0.902
202103 0.721 111.754 0.870
202106 0.703 114.631 0.827
202109 0.546 115.734 0.637
202112 0.883 117.630 1.013
202203 0.828 121.301 0.921
202206 0.778 125.017 0.840
202209 0.947 125.227 1.020
202212 1.113 125.222 1.199
202303 0.992 127.348 1.051
202306 1.083 128.729 1.135
202309 1.134 129.860 1.178
202312 1.230 129.419 1.282
202403 1.065 131.776 1.090
202406 1.177 132.554 1.198
202409 1.214 133.029 1.231
202412 1.408 133.157 1.427
202503 1.136 134.927 1.136

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.


SM Prime Holdings  (PHS:SMPH) 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.


SM Prime Holdings Cyclically Adjusted PS Ratio Related Terms

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


SM Prime Holdings Business Description

Traded in Other Exchanges
Address
Seashell Lane corner Coral Way, 7th Floor MOA Square, Mall of Asia Complex, Brgy. 76, Zone 10, CBP-1A, Metro Manila, Pasay, PHL, 1300
SM Prime Holdings Inc is an integrated property developer. It is engaged in acquiring and developing real estate, conducting and maintaining commercial shopping centers, and constructing and managing buildings such as condominiums, apartments, hotels, restaurants, stores, and other structures for mixed-use purposes. The company has four business segments, namely, malls, residential, commercial, and integrated property developments and hotels and convention centers. Maximum revenue is generated from the Malls segment, which develops, conducts, operates, and maintains the business of commercial shopping centers for rent, amusement centers, or cinema theaters within the compound of the shopping centers.

SM Prime Holdings Headlines

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