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CapitaLand Ascott Trust (SGX:HMN) Cyclically Adjusted PS Ratio : 3.58 (As of Jun. 03, 2024)


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What is CapitaLand Ascott Trust Cyclically Adjusted PS Ratio?

As of today (2024-06-03), CapitaLand Ascott Trust's current share price is S$0.895. CapitaLand Ascott Trust's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was S$0.25. CapitaLand Ascott Trust's Cyclically Adjusted PS Ratio for today is 3.58.

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

SGX:HMN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.72   Med: 4.15   Max: 5.19
Current: 3.53

During the past 13 years, CapitaLand Ascott Trust's highest Cyclically Adjusted PS Ratio was 5.19. The lowest was 2.72. And the median was 4.15.

SGX:HMN's Cyclically Adjusted PS Ratio is ranked better than
64.56% of 491 companies
in the REITs industry
Industry Median: 4.94 vs SGX:HMN: 3.53

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.

CapitaLand Ascott Trust's adjusted revenue per share data of for the fiscal year that ended in Dec23 was S$0.207. 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 S$0.25 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


CapitaLand Ascott Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CapitaLand Ascott 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.

CapitaLand Ascott Trust Cyclically Adjusted PS Ratio Chart

CapitaLand Ascott 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 4.98 4.24 4.07 4.12 3.91

CapitaLand Ascott Trust Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 4.07 - 4.12 - 3.91

Competitive Comparison of CapitaLand Ascott Trust's Cyclically Adjusted PS Ratio

For the REIT - Diversified subindustry, CapitaLand Ascott 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.


CapitaLand Ascott Trust's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



CapitaLand Ascott 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.

CapitaLand Ascott Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.895/0.25
=3.58

* 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.

CapitaLand Ascott Trust's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, CapitaLand Ascott Trust's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.207/129.4194*129.4194
=0.207

Current CPI (Dec23) = 129.4194.

CapitaLand Ascott Trust Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.224 99.070 0.293
201512 0.262 99.792 0.340
201612 0.282 101.863 0.358
201712 0.239 104.011 0.297
201812 0.237 105.998 0.289
201912 0.236 108.420 0.282
202012 0.119 109.897 0.140
202112 0.124 117.630 0.136
202212 0.185 125.222 0.191
202312 0.207 129.419 0.207

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.


CapitaLand Ascott Trust  (SGX:HMN) 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.


CapitaLand Ascott Trust Cyclically Adjusted PS Ratio Related Terms

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


CapitaLand Ascott Trust (SGX:HMN) Business Description

Industry
Traded in Other Exchanges
Address
168 Robinson Road, No. 30-01, Capital Tower, Singapore, SGP, 068912
CapitaLand Ascott Trust, or CLAS, is a hospitality trust focusing on serviced residences, hotels, rental housing and student accommodation. As of Dec. 31, 2022, the trust has a SGD 8.0 billion portfolio, consisting of 105 properties with more than 18,000 units in 47 cities across 15 countries globally. Its main markets include the United States, France, Japan, Singapore, the United Kingdom, Vietnam, China and Australia. The trust is a stapled unit comprising CapitaLand Ascott REIT, which is managed by manager CapitaLand Ascott Trust Management Limited and CapitaLand Ascott Business Trust, which is managed by trustee-manager CapitaLand Ascott Business Trust Management Pte. Ltd. Sponsor CapitaLand Investments Limited, owns around a 39% stake in CLAS.