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Japan Prime Realty Investment (TSE:8955) Cyclically Adjusted PS Ratio : 8.91 (As of Jun. 08, 2024)


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What is Japan Prime Realty Investment Cyclically Adjusted PS Ratio?

As of today (2024-06-08), Japan Prime Realty Investment's current share price is 円328500.00. Japan Prime Realty Investment's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was 円36,882.00. Japan Prime Realty Investment's Cyclically Adjusted PS Ratio for today is 8.91.

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

TSE:8955' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.71   Med: 11.48   Max: 14.8
Current: 8.91

During the past 13 years, Japan Prime Realty Investment's highest Cyclically Adjusted PS Ratio was 14.80. The lowest was 6.71. And the median was 11.48.

TSE:8955's Cyclically Adjusted PS Ratio is ranked worse than
78.66% of 492 companies
in the REITs industry
Industry Median: 4.875 vs TSE:8955: 8.91

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.

Japan Prime Realty Investment's adjusted revenue per share data of for the fiscal year that ended in Dec23 was 円35,692.473. 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 円36,882.00 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Prime Realty Investment Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Japan Prime Realty Investment'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.

Japan Prime Realty Investment Cyclically Adjusted PS Ratio Chart

Japan Prime Realty Investment 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 13.81 10.04 11.54 10.29 9.49

Japan Prime Realty Investment 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 11.54 - 10.29 - 9.49

Competitive Comparison of Japan Prime Realty Investment's Cyclically Adjusted PS Ratio

For the REIT - Diversified subindustry, Japan Prime Realty Investment'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.


Japan Prime Realty Investment's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Japan Prime Realty Investment's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Japan Prime Realty Investment's Cyclically Adjusted PS Ratio falls into.



Japan Prime Realty Investment 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.

Japan Prime Realty Investment's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=328500.00/36882
=8.91

* 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.

Japan Prime Realty Investment's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Japan Prime Realty Investment'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)
=35692.473/106.8000*106.8000
=35,692.473

Current CPI (Dec23) = 106.8000.

Japan Prime Realty Investment Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 33,499.435 97.900 36,544.838
201512 33,322.217 98.100 36,277.398
201612 33,622.514 98.400 36,492.729
201712 32,891.412 99.400 35,340.068
201812 33,431.976 99.700 35,812.789
201912 34,786.148 100.500 36,966.772
202012 35,182.154 99.300 37,839.416
202112 37,117.756 100.100 39,602.161
202212 37,284.173 104.100 38,251.198
202312 35,692.473 106.800 35,692.473

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.


Japan Prime Realty Investment  (TSE:8955) 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.


Japan Prime Realty Investment Cyclically Adjusted PS Ratio Related Terms

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


Japan Prime Realty Investment (TSE:8955) Business Description

Traded in Other Exchanges
Address
4-16 Yaesu, 1-Chome, Chuo-ku, Tokyo, JPN, 103-0028
Japan Prime Realty Investment Corporation, or JPR, is a Japanese real estate investment trust primarily involved in the ownership of properties in the Greater Tokyo region. Most of JPR's real estate portfolio is comprised of office buildings, with retail properties making up the rest of the company's holdings. The vast majority of JPR's assets are in the Tokyo metropolitan area, which are mostly concentrated in Central Tokyo. The company generates nearly all of its revenue through collecting funds from investors, investing that money into real estate properties, and then collecting rental income from those properties. Its collection of tenants is fairly evenly distributed among service, information and communication, manufacturing, finance, retail, and real estate companies.

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