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Ventas (FRA:VEN) Cyclically Adjusted PS Ratio : 3.89 (As of May. 26, 2024)


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What is Ventas Cyclically Adjusted PS Ratio?

As of today (2024-05-26), Ventas's current share price is €43.45. Ventas's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €11.17. Ventas's Cyclically Adjusted PS Ratio for today is 3.89.

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

FRA:VEN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.2   Med: 6.49   Max: 10.4
Current: 3.88

During the past years, Ventas's highest Cyclically Adjusted PS Ratio was 10.40. The lowest was 2.20. And the median was 6.49.

FRA:VEN's Cyclically Adjusted PS Ratio is ranked better than
60.12% of 489 companies
in the REITs industry
Industry Median: 4.97 vs FRA:VEN: 3.88

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.

Ventas's adjusted revenue per share data for the three months ended in Mar. 2024 was €2.711. 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 €11.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ventas Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Ventas'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.

Ventas Cyclically Adjusted PS Ratio Chart

Ventas 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 5.87 4.80 4.64 3.85 4.13

Ventas 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 3.66 3.95 3.50 4.13 3.55

Competitive Comparison of Ventas's Cyclically Adjusted PS Ratio

For the REIT - Healthcare Facilities subindustry, Ventas'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.


Ventas's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Ventas 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.

Ventas's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=43.45/11.17
=3.89

* 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.

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

For example, Ventas'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)
=2.711/131.7762*131.7762
=2.711

Current CPI (Mar. 2024) = 131.7762.

Ventas Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.865 100.560 2.444
201409 1.845 100.428 2.421
201412 1.996 99.070 2.655
201503 2.261 99.621 2.991
201506 2.166 100.684 2.835
201509 2.192 100.392 2.877
201512 2.296 99.792 3.032
201603 2.256 100.470 2.959
201606 2.204 101.688 2.856
201609 2.181 101.861 2.822
201612 2.322 101.863 3.004
201703 2.310 102.862 2.959
201706 2.224 103.349 2.836
201709 2.101 104.136 2.659
201712 2.106 104.011 2.668
201803 2.133 105.290 2.670
201806 2.247 106.317 2.785
201809 2.233 106.507 2.763
201812 2.254 105.998 2.802
201903 2.314 107.251 2.843
201906 2.302 108.070 2.807
201909 2.370 108.329 2.883
201912 2.380 108.420 2.893
202003 2.436 108.902 2.948
202006 2.227 108.767 2.698
202009 2.073 109.815 2.488
202012 2.005 109.897 2.404
202103 2.023 111.754 2.385
202106 2.016 114.631 2.318
202109 2.152 115.734 2.450
202112 2.244 117.630 2.514
202203 2.291 121.301 2.489
202206 2.398 125.017 2.528
202209 2.596 125.227 2.732
202212 2.460 125.222 2.589
202303 2.492 127.348 2.579
202306 2.527 128.729 2.587
202309 2.649 129.860 2.688
202312 2.622 129.419 2.670
202403 2.711 131.776 2.711

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.


Ventas  (FRA:VEN) 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.


Ventas Cyclically Adjusted PS Ratio Related Terms

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


Ventas (FRA:VEN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ventas Inc (FRA:VEN) » Definitions » Cyclically Adjusted PS Ratio
Traded in Other Exchanges
Address
353 North Clark Street, Suite 3300, Chicago, IL, USA, 60654
Ventas owns a diversified healthcare portfolio of nearly 1,400 in-place properties spread across the senior housing, medical office, hospital, life science, and skilled nursing/post-acute care. The portfolio includes over 40 properties in Canada and the United Kingdom as the company looks for additional investment opportunities in countries with mature healthcare systems that operate similarly to the United States. The firm also owns mortgages and other loans, contributing about 3% of net operating income.

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