GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PSP Swiss Property AG (OTCPK:PSPSF) » Definitions » Cyclically Adjusted PS Ratio

PSP Swiss Property AG (PSP Swiss Property AG) Cyclically Adjusted PS Ratio : 14.61 (As of May. 15, 2024)


View and export this data going back to 2004. Start your Free Trial

What is PSP Swiss Property AG Cyclically Adjusted PS Ratio?

As of today (2024-05-15), PSP Swiss Property AG's current share price is $126.50. PSP Swiss Property AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $8.66. PSP Swiss Property AG's Cyclically Adjusted PS Ratio for today is 14.61.

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

PSPSF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 10.8   Med: 13.96   Max: 18.91
Current: 14.21

During the past years, PSP Swiss Property AG's highest Cyclically Adjusted PS Ratio was 18.91. The lowest was 10.80. And the median was 13.96.

PSPSF's Cyclically Adjusted PS Ratio is ranked worse than
94.01% of 1368 companies
in the Real Estate industry
Industry Median: 1.745 vs PSPSF: 14.21

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.

PSP Swiss Property AG's adjusted revenue per share data for the three months ended in Mar. 2024 was $2.274. 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 $8.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PSP Swiss Property AG Cyclically Adjusted PS Ratio Historical Data

The historical data trend for PSP Swiss Property AG'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.

PSP Swiss Property AG Cyclically Adjusted PS Ratio Chart

PSP Swiss Property AG 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 16.44 15.48 14.99 13.70 14.64

PSP Swiss Property AG 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 12.88 12.26 13.50 14.64 14.83

Competitive Comparison of PSP Swiss Property AG's Cyclically Adjusted PS Ratio

For the Real Estate Services subindustry, PSP Swiss Property AG'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.


PSP Swiss Property AG's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PSP Swiss Property AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PSP Swiss Property AG's Cyclically Adjusted PS Ratio falls into.



PSP Swiss Property AG 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.

PSP Swiss Property AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=126.50/8.66
=14.61

* 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.

PSP Swiss Property AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PSP Swiss Property AG'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)
=2.274/106.4611*106.4611
=2.274

Current CPI (Mar. 2024) = 106.4611.

PSP Swiss Property AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.565 101.517 2.690
201409 1.778 101.247 1.870
201412 1.568 100.704 1.658
201503 1.517 100.339 1.610
201506 1.610 100.464 1.706
201509 1.793 99.785 1.913
201512 1.821 99.386 1.951
201603 2.290 99.475 2.451
201606 1.953 100.088 2.077
201609 2.044 99.604 2.185
201612 1.864 99.380 1.997
201703 1.576 100.040 1.677
201706 1.614 100.285 1.713
201709 2.254 100.254 2.394
201712 1.570 100.213 1.668
201803 1.679 100.836 1.773
201806 1.601 101.435 1.680
201809 2.066 101.246 2.172
201812 1.633 100.906 1.723
201903 2.045 101.571 2.143
201906 1.628 102.044 1.698
201909 1.893 101.396 1.988
201912 2.160 101.063 2.275
202003 1.746 101.048 1.840
202006 1.708 100.743 1.805
202009 2.333 100.585 2.469
202012 2.298 100.241 2.441
202103 2.782 100.800 2.938
202106 1.992 101.352 2.092
202109 1.994 101.533 2.091
202112 2.356 101.776 2.464
202203 3.466 103.205 3.575
202206 2.025 104.783 2.057
202209 1.947 104.835 1.977
202212 1.987 104.666 2.021
202303 2.050 106.245 2.054
202306 2.485 106.576 2.482
202309 2.223 106.570 2.221
202312 2.191 106.461 2.191
202403 2.274 106.461 2.274

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.


PSP Swiss Property AG  (OTCPK:PSPSF) 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.


PSP Swiss Property AG Cyclically Adjusted PS Ratio Related Terms

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


PSP Swiss Property AG (PSP Swiss Property AG) Business Description

Traded in Other Exchanges
Address
Kolinplatz 2, Zug, CHE, CH-6300
PSP Swiss Property AG is a general real estate company. The company reports three business units: real estate investments, property management, and holding. The vast majority of revenue is generated by rental income. All PSP property is located in Switzerland. The company considers merger and acquisition investment as a potential component of its operational growth strategy. The company's real estate investment segment invests exclusively in commercial properties, with leases primarily in office and retail property.

PSP Swiss Property AG (PSP Swiss Property AG) Headlines

From GuruFocus

Q4 2018 PSP Swiss Property AG Earnings Call Transcript

By GuruFocus Research 02-14-2024

Q2 2020 PSP Swiss Property AG Earnings Call Transcript

By GuruFocus Research 02-14-2024

Q3 2022 PSP Swiss Property AG Earnings Call Transcript

By GuruFocus Research 02-14-2024

Q4 2022 PSP Swiss Property AG Earnings Call Transcript

By GuruFocus Research 02-14-2024