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Millionaire Property Fund (BKK:MIPF) Cyclically Adjusted Revenue per Share : ฿1.87 (As of Mar. 2024)


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What is Millionaire Property Fund Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Millionaire Property Fund's adjusted revenue per share for the three months ended in Mar. 2024 was ฿0.301. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ฿1.87 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Millionaire Property Fund's average Cyclically Adjusted Revenue Growth Rate was -1.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 0.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Millionaire Property Fund was 1.30% per year. The lowest was 0.60% per year. And the median was 1.10% per year.

As of today (2024-06-20), Millionaire Property Fund's current stock price is ฿11.40. Millionaire Property Fund's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ฿1.87. Millionaire Property Fund's Cyclically Adjusted PS Ratio of today is 6.10.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Millionaire Property Fund was 12.22. The lowest was 4.89. And the median was 8.44.


Millionaire Property Fund Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Millionaire Property Fund's Cyclically Adjusted Revenue per Share 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.

Millionaire Property Fund Cyclically Adjusted Revenue per Share Chart

Millionaire Property Fund Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.82 1.79 1.83 1.88 1.86

Millionaire Property Fund Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share 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 1.89 1.89 1.89 1.86 1.87

Competitive Comparison of Millionaire Property Fund's Cyclically Adjusted Revenue per Share

For the REIT - Office subindustry, Millionaire Property Fund'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.


Millionaire Property Fund's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Millionaire Property Fund Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Millionaire Property Fund'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)
=0.301/131.7762*131.7762
=0.301

Current CPI (Mar. 2024) = 131.7762.

Millionaire Property Fund Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.394 100.560 0.516
201409 0.404 100.428 0.530
201412 0.515 99.070 0.685
201503 0.430 99.621 0.569
201506 0.528 100.684 0.691
201509 0.431 100.392 0.566
201512 0.439 99.792 0.580
201603 0.432 100.470 0.567
201606 0.528 101.688 0.684
201609 0.420 101.861 0.543
201612 0.418 101.863 0.541
201703 0.405 102.862 0.519
201706 0.545 103.349 0.695
201709 0.404 104.136 0.511
201712 0.403 104.011 0.511
201803 0.399 105.290 0.499
201806 0.532 106.317 0.659
201809 0.390 106.507 0.483
201812 0.377 105.998 0.469
201903 0.371 107.251 0.456
201906 0.494 108.070 0.602
201909 0.378 108.329 0.460
201912 0.365 108.420 0.444
202003 0.363 108.902 0.439
202006 0.338 108.767 0.410
202009 0.375 109.815 0.450
202012 0.359 109.897 0.430
202103 0.335 111.754 0.395
202106 0.288 114.631 0.331
202109 0.272 115.734 0.310
202112 0.295 117.630 0.330
202203 0.276 121.301 0.300
202206 0.321 125.017 0.338
202209 0.310 125.227 0.326
202212 0.303 125.222 0.319
202303 0.300 127.348 0.310
202306 0.312 128.729 0.319
202309 0.310 129.860 0.315
202312 0.302 129.419 0.307
202403 0.301 131.776 0.301

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Millionaire Property Fund  (BKK:MIPF) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Millionaire Property Fund's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=11.40/1.87
=6.10

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Millionaire Property Fund was 12.22. The lowest was 4.89. And the median was 8.44.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Millionaire Property Fund Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Millionaire Property Fund's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Millionaire Property Fund (BKK:MIPF) Business Description

Industry
Traded in Other Exchanges
N/A
Address
24 Rama 1 Road, Pathumwan, 989 Siam Piwat Tower, Floor 9, Pathumwan, Bangkok, THA, 10330
Millionaire Property Fund is a close-ended property fund with no maturity date. The objective of the company is to mobilize fund from sale of investment units to purchase and/or lease property and procure benefit from such property.

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