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Slate Grocery REIT (TSX:SGR.U) Cyclically Adjusted PS Ratio : 2.36 (As of May. 02, 2024)


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What is Slate Grocery REIT Cyclically Adjusted PS Ratio?

As of today (2024-05-02), Slate Grocery REIT's current share price is $8.07. Slate Grocery REIT's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $3.42. Slate Grocery REIT's Cyclically Adjusted PS Ratio for today is 2.36.

The historical rank and industry rank for Slate Grocery REIT's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSX:SGR.U' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.2   Med: 3.31   Max: 4.51
Current: 2.41

During the past years, Slate Grocery REIT's highest Cyclically Adjusted PS Ratio was 4.51. The lowest was 2.20. And the median was 3.31.

TSX:SGR.U's Cyclically Adjusted PS Ratio is ranked better than
76.42% of 492 companies
in the REITs industry
Industry Median: 5 vs TSX:SGR.U: 2.41

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.

Slate Grocery REIT's adjusted revenue per share data for the three months ended in Dec. 2023 was $0.855. 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 $3.42 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Slate Grocery REIT Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Slate Grocery REIT'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.

Slate Grocery REIT Cyclically Adjusted PS Ratio Chart

Slate Grocery REIT 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 - - 3.92 3.71 2.67

Slate Grocery REIT Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 3.71 3.25 3.00 2.49 2.67

Competitive Comparison of Slate Grocery REIT's Cyclically Adjusted PS Ratio

For the REIT - Retail subindustry, Slate Grocery REIT'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.


Slate Grocery REIT's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Slate Grocery REIT's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Slate Grocery REIT's Cyclically Adjusted PS Ratio falls into.



Slate Grocery REIT 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.

Slate Grocery REIT's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.07/3.42
=2.36

* 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.

Slate Grocery REIT's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Slate Grocery REIT's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.855/125.4675*125.4675
=0.855

Current CPI (Dec. 2023) = 125.4675.

Slate Grocery REIT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.417 98.604 0.531
201406 0.728 99.473 0.918
201409 0.839 99.394 1.059
201412 0.812 98.367 1.036
201503 0.898 99.789 1.129
201506 0.720 100.500 0.899
201509 0.763 100.421 0.953
201512 0.793 99.947 0.995
201603 0.831 101.054 1.032
201606 0.755 102.002 0.929
201609 0.722 101.765 0.890
201612 0.764 101.449 0.945
201703 0.731 102.634 0.894
201706 0.662 103.029 0.806
201709 0.695 103.345 0.844
201712 0.622 103.345 0.755
201803 0.839 105.004 1.003
201806 0.773 105.557 0.919
201809 0.785 105.636 0.932
201812 0.808 105.399 0.962
201903 0.829 106.979 0.972
201906 0.817 107.690 0.952
201909 0.783 107.611 0.913
201912 0.837 107.769 0.974
202003 0.759 107.927 0.882
202006 0.717 108.401 0.830
202009 0.757 108.164 0.878
202012 0.673 108.559 0.778
202103 0.668 110.298 0.760
202106 0.687 111.720 0.772
202109 0.685 112.905 0.761
202112 0.638 113.774 0.704
202203 0.649 117.646 0.692
202206 0.643 120.806 0.668
202209 0.788 120.648 0.819
202212 0.824 120.964 0.855
202303 0.826 122.702 0.845
202306 0.826 124.203 0.834
202309 0.837 125.230 0.839
202312 0.855 125.468 0.855

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.


Slate Grocery REIT  (TSX:SGR.U) 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.


Slate Grocery REIT Cyclically Adjusted PS Ratio Related Terms

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


Slate Grocery REIT (TSX:SGR.U) Business Description

Industry
Traded in Other Exchanges
Address
121 King Street West, Suite 200, Toronto, ON, CAN, M5H 3T9
Slate Grocery REIT is an unincorporated, open-ended mutual fund trust focused on acquiring, owning, and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States of America with an emphasis on grocery-anchored retail properties. The company's properties include Bloomingdale Plaza, Westin Centre, Glenlake Plaza, Prairie Point, and others.

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