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BTB Real Estate Investment Trust (TSX:BTB.UN) Cyclically Adjusted PS Ratio : 1.59 (As of Jun. 21, 2024)


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What is BTB Real Estate Investment Trust Cyclically Adjusted PS Ratio?

As of today (2024-06-21), BTB Real Estate Investment Trust's current share price is C$3.13. BTB Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$1.97. BTB Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is 1.59.

The historical rank and industry rank for BTB Real Estate Investment Trust's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSX:BTB.UN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.12   Med: 1.53   Max: 2.07
Current: 1.59

During the past years, BTB Real Estate Investment Trust's highest Cyclically Adjusted PS Ratio was 2.07. The lowest was 1.12. And the median was 1.53.

TSX:BTB.UN's Cyclically Adjusted PS Ratio is ranked better than
86.82% of 493 companies
in the REITs industry
Industry Median: 4.83 vs TSX:BTB.UN: 1.59

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.

BTB Real Estate Investment Trust's adjusted revenue per share data for the three months ended in Mar. 2024 was C$0.373. 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 C$1.97 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BTB Real Estate Investment Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for BTB Real Estate Investment 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.

BTB Real Estate Investment Trust Cyclically Adjusted PS Ratio Chart

BTB Real Estate Investment 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 1.93 1.57 1.92 1.75 1.47

BTB Real Estate Investment Trust 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 1.72 1.57 1.47 1.47 1.60

Competitive Comparison of BTB Real Estate Investment Trust's Cyclically Adjusted PS Ratio

For the REIT - Office subindustry, BTB Real Estate Investment 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.


BTB Real Estate Investment Trust's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

* The bar in red indicates where BTB Real Estate Investment Trust's Cyclically Adjusted PS Ratio falls into.



BTB Real Estate Investment 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.

BTB Real Estate Investment Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.13/1.97
=1.59

* 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.

BTB Real Estate Investment Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, BTB Real Estate Investment Trust'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)
=0.373/126.2576*126.2576
=0.373

Current CPI (Mar. 2024) = 126.2576.

BTB Real Estate Investment Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.556 99.473 0.706
201409 0.496 99.394 0.630
201412 0.514 98.367 0.660
201503 0.536 99.789 0.678
201506 0.512 100.500 0.643
201509 0.533 100.421 0.670
201512 0.534 99.947 0.675
201603 0.533 101.054 0.666
201606 0.523 102.002 0.647
201609 0.439 101.765 0.545
201612 0.427 101.449 0.531
201703 0.449 102.634 0.552
201706 0.432 103.029 0.529
201709 0.426 103.345 0.520
201712 0.422 103.345 0.516
201803 0.442 105.004 0.531
201806 0.420 105.557 0.502
201809 0.419 105.636 0.501
201812 0.399 105.399 0.478
201903 0.390 106.979 0.460
201906 0.395 107.690 0.463
201909 0.387 107.611 0.454
201912 0.411 107.769 0.482
202003 0.383 107.927 0.448
202006 0.368 108.401 0.429
202009 0.375 108.164 0.438
202012 0.354 108.559 0.412
202103 0.369 110.298 0.422
202106 0.355 111.720 0.401
202109 0.324 112.905 0.362
202112 0.360 113.774 0.400
202203 0.373 117.646 0.400
202206 0.341 120.806 0.356
202209 0.351 120.648 0.367
202212 0.368 120.964 0.384
202303 0.383 122.702 0.394
202306 0.367 124.203 0.373
202309 0.360 125.230 0.363
202312 0.368 125.072 0.371
202403 0.373 126.258 0.373

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.


BTB Real Estate Investment Trust  (TSX:BTB.UN) 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.


BTB Real Estate Investment Trust Cyclically Adjusted PS Ratio Related Terms

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BTB Real Estate Investment Trust (TSX:BTB.UN) Business Description

Traded in Other Exchanges
Address
1411, Crescent Street, Suite 300, Montreal, QC, CAN, H3G 2B3
BTB Real Estate Investment Trust is a real estate investment trust. It owns and manages properties across Canada. The company has three operating segments; Industrial, Off-downtown core office, and Necessity-based retail. It derives a majority of its revenue in the form of rental revenue.

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