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CubeSmart (STU:UK8) Cyclically Adjusted Revenue per Share : €3.73 (As of Mar. 2024)


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What is CubeSmart 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.

CubeSmart's adjusted revenue per share for the three months ended in Mar. 2024 was €1.061. 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 €3.73 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CubeSmart's average Cyclically Adjusted Revenue Growth Rate was 5.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 8.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 1.70% 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 CubeSmart was 10.40% per year. The lowest was -3.40% per year. And the median was -1.50% per year.

As of today (2024-05-16), CubeSmart's current stock price is €39.46. CubeSmart's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €3.73. CubeSmart's Cyclically Adjusted PS Ratio of today is 10.58.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of CubeSmart was 17.36. The lowest was 4.71. And the median was 10.23.


CubeSmart Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for CubeSmart'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.

CubeSmart Cyclically Adjusted Revenue per Share Chart

CubeSmart 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 2.51 2.40 2.93 3.48 3.64

CubeSmart 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 3.50 3.62 3.77 3.64 3.73

Competitive Comparison of CubeSmart's Cyclically Adjusted Revenue per Share

For the REIT - Industrial subindustry, CubeSmart'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.


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

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

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



CubeSmart 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, CubeSmart'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)
=1.061/129.4194*129.4194
=1.061

Current CPI (Mar. 2024) = 129.4194.

CubeSmart Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.462 100.560 0.595
201409 0.496 100.428 0.639
201412 0.501 99.070 0.654
201503 0.573 99.621 0.744
201506 0.582 100.684 0.748
201509 0.605 100.392 0.780
201512 0.604 99.792 0.783
201603 0.602 100.470 0.775
201606 0.628 101.688 0.799
201609 0.652 101.861 0.828
201612 0.693 101.863 0.880
201703 0.686 102.862 0.863
201706 0.681 103.349 0.853
201709 0.666 104.136 0.828
201712 0.666 104.011 0.829
201803 0.632 105.290 0.777
201806 0.686 106.317 0.835
201809 0.703 106.507 0.854
201812 0.721 105.998 0.880
201903 0.720 107.251 0.869
201906 0.739 108.070 0.885
201909 0.780 108.329 0.932
201912 0.768 108.420 0.917
202003 0.764 108.902 0.908
202006 0.749 108.767 0.891
202009 0.753 109.815 0.887
202012 0.747 109.897 0.880
202103 0.792 111.754 0.917
202106 0.815 114.631 0.920
202109 0.887 115.734 0.992
202112 0.921 117.630 1.013
202203 0.960 121.301 1.024
202206 1.041 125.017 1.078
202209 1.168 125.227 1.207
202212 1.091 125.222 1.128
202303 1.059 127.348 1.076
202306 1.064 128.729 1.070
202309 1.110 129.860 1.106
202312 1.074 129.419 1.074
202403 1.061 129.419 1.061

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


CubeSmart  (STU:UK8) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=39.46/3.73
=10.58

* 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 CubeSmart was 17.36. The lowest was 4.71. And the median was 10.23.


Be Aware

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


CubeSmart Cyclically Adjusted Revenue per Share Related Terms

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


CubeSmart (STU:UK8) Business Description

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Address
5 Old Lancaster Road, Malvern, PA, USA, 19355
CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Most of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. CubeSmart derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.

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