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Ventas (FRA:VEN) Cyclically Adjusted Revenue per Share : €11.00 (As of Dec. 2023)


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What is Ventas 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.

Ventas's adjusted revenue per share for the three months ended in Dec. 2023 was €2.622. 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 €11.00 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Ventas's average Cyclically Adjusted Revenue Growth Rate was 3.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.30% 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 Ventas was 11.80% per year. The lowest was 4.90% per year. And the median was 7.45% per year.

As of today (2024-04-30), Ventas's current stock price is €41.56. Ventas's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €11.00. Ventas's Cyclically Adjusted PS Ratio of today is 3.78.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ventas was 11.90. The lowest was 2.20. And the median was 6.55.


Ventas Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Ventas'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.

Ventas Cyclically Adjusted Revenue per Share Chart

Ventas 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 8.78 8.32 9.61 10.91 11.00

Ventas Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 10.91 10.98 10.92 11.22 11.00

Competitive Comparison of Ventas's Cyclically Adjusted Revenue per Share

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 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, Ventas'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)
=2.622/129.4194*129.4194
=2.622

Current CPI (Dec. 2023) = 129.4194.

Ventas Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.810 99.695 2.350
201406 1.865 100.560 2.400
201409 1.845 100.428 2.378
201412 1.996 99.070 2.607
201503 2.261 99.621 2.937
201506 2.166 100.684 2.784
201509 2.192 100.392 2.826
201512 2.296 99.792 2.978
201603 2.256 100.470 2.906
201606 2.204 101.688 2.805
201609 2.181 101.861 2.771
201612 2.322 101.863 2.950
201703 2.310 102.862 2.906
201706 2.224 103.349 2.785
201709 2.101 104.136 2.611
201712 2.106 104.011 2.620
201803 2.133 105.290 2.622
201806 2.247 106.317 2.735
201809 2.233 106.507 2.713
201812 2.254 105.998 2.752
201903 2.314 107.251 2.792
201906 2.302 108.070 2.757
201909 2.370 108.329 2.831
201912 2.380 108.420 2.841
202003 2.436 108.902 2.895
202006 2.227 108.767 2.650
202009 2.073 109.815 2.443
202012 2.005 109.897 2.361
202103 2.023 111.754 2.343
202106 2.016 114.631 2.276
202109 2.152 115.734 2.406
202112 2.244 117.630 2.469
202203 2.291 121.301 2.444
202206 2.398 125.017 2.482
202209 2.596 125.227 2.683
202212 2.460 125.222 2.542
202303 2.492 127.348 2.533
202306 2.527 128.729 2.541
202309 2.649 129.860 2.640
202312 2.622 129.419 2.622

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


Ventas  (FRA:VEN) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=41.56/11
=3.78

* 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 Ventas was 11.90. The lowest was 2.20. And the median was 6.55.


Be Aware

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


Ventas Cyclically Adjusted Revenue per Share Related Terms

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


Ventas (FRA:VEN) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ventas Inc (FRA:VEN) » Definitions » Cyclically Adjusted Revenue per Share
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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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