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Gladstone Land (STU:3L4) Cyclically Adjusted Revenue per Share : €2.31 (As of Sep. 2024)


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What is Gladstone Land 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.

Gladstone Land's adjusted revenue per share for the three months ended in Sep. 2024 was €0.567. 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 €2.31 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Gladstone Land's average Cyclically Adjusted Revenue Growth Rate was 7.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.10% 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 Gladstone Land was 12.10% per year. The lowest was 12.10% per year. And the median was 12.10% per year.

As of today (2024-12-12), Gladstone Land's current stock price is €10.87. Gladstone Land's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was €2.31. Gladstone Land's Cyclically Adjusted PS Ratio of today is 4.71.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Gladstone Land was 19.88. The lowest was 4.41. And the median was 8.63.


Gladstone Land Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Gladstone Land'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.

Gladstone Land Cyclically Adjusted Revenue per Share Chart

Gladstone Land 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 - 1.37 1.70 2.02 2.24

Gladstone Land Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 2.23 2.24 2.32 2.35 2.31

Competitive Comparison of Gladstone Land's Cyclically Adjusted Revenue per Share

For the REIT - Specialty subindustry, Gladstone Land'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.


Gladstone Land's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Gladstone Land 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, Gladstone Land's adjusted Revenue per Share data for the three months ended in Sep. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.567/133.0289*133.0289
=0.567

Current CPI (Sep. 2024) = 133.0289.

Gladstone Land Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.246 99.070 0.330
201503 0.313 99.621 0.418
201506 0.294 100.684 0.388
201509 0.303 100.392 0.402
201512 0.337 99.792 0.449
201603 0.331 100.470 0.438
201606 0.378 101.688 0.495
201609 0.397 101.861 0.518
201612 0.465 101.863 0.607
201703 0.517 102.862 0.669
201706 0.450 103.349 0.579
201709 0.449 104.136 0.574
201712 0.421 104.011 0.538
201803 0.537 105.290 0.678
201806 0.629 106.317 0.787
201809 0.428 106.507 0.535
201812 0.429 105.998 0.538
201903 0.384 107.251 0.476
201906 0.397 108.070 0.489
201909 0.482 108.329 0.592
201912 0.580 108.420 0.712
202003 0.650 108.902 0.794
202006 0.524 108.767 0.641
202009 0.540 109.815 0.654
202012 0.510 109.897 0.617
202103 0.501 111.754 0.596
202106 0.478 114.631 0.555
202109 0.531 115.734 0.610
202112 0.597 117.630 0.675
202203 0.528 121.301 0.579
202206 0.556 125.017 0.592
202209 0.707 125.227 0.751
202212 0.672 125.222 0.714
202303 0.557 127.348 0.582
202306 0.548 128.729 0.566
202309 0.616 129.860 0.631
202312 0.626 129.419 0.643
202403 0.520 131.776 0.525
202406 0.552 132.554 0.554
202409 0.567 133.029 0.567

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


Gladstone Land  (STU:3L4) 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.

Gladstone Land's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=10.87/2.31
=4.71

* 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 Gladstone Land was 19.88. The lowest was 4.41. And the median was 8.63.


Be Aware

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


Gladstone Land Cyclically Adjusted Revenue per Share Related Terms

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


Gladstone Land Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gladstone Land Corp (STU:3L4) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102
Gladstone Land Corp is an externally-managed, agricultural REIT. It is mainly in the business of owning and leasing farmland. It manages operations in one reporting segment. It is focused on the ownership of high-quality farms and farm-related properties that are leased on a triple-net basis to tenants with a strong operating history and deep farming resources. The farmland is predominantly concentrated in locations where farmers are able to grow either fresh produce annual row crops (e.g., certain berries and vegetables), which are typically planted and harvested annually, or certain permanent crops (e.g., almonds, blueberries, pistachios, and wine grapes). To a much lesser extent, it also own farms that grow certain commodity crops (e.g., corn and beans).

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