GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » American Assets Trust Inc (NYSE:AAT) » Definitions » Cyclically Adjusted PS Ratio

American Assets Trust (American Assets Trust) Cyclically Adjusted PS Ratio : 3.60 (As of Apr. 28, 2024)


View and export this data going back to 2011. Start your Free Trial

What is American Assets Trust Cyclically Adjusted PS Ratio?

As of today (2024-04-28), American Assets Trust's current share price is $21.23. American Assets Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $5.90. American Assets Trust's Cyclically Adjusted PS Ratio for today is 3.60.

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

AAT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.99   Med: 6   Max: 10.37
Current: 3.6

During the past years, American Assets Trust's highest Cyclically Adjusted PS Ratio was 10.37. The lowest was 2.99. And the median was 6.00.

AAT's Cyclically Adjusted PS Ratio is ranked better than
62.24% of 490 companies
in the REITs industry
Industry Median: 4.995 vs AAT: 3.60

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.

American Assets Trust's adjusted revenue per share data for the three months ended in Dec. 2023 was $1.473. 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 $5.90 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Assets Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for American Assets Trust'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.

American Assets Trust Cyclically Adjusted PS Ratio Chart

American Assets Trust 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 9.59 5.77 7.03 4.64 3.82

American Assets Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.64 3.20 3.27 3.29 3.82

Competitive Comparison of American Assets Trust's Cyclically Adjusted PS Ratio

For the REIT - Diversified subindustry, American Assets Trust'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.


American Assets Trust's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



American Assets Trust 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.

American Assets Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=21.23/5.9
=3.60

* 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.

American Assets Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, American Assets Trust'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)
=1.473/129.4194*129.4194
=1.473

Current CPI (Dec. 2023) = 129.4194.

American Assets Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.094 99.695 1.420
201406 1.041 100.560 1.340
201409 1.114 100.428 1.436
201412 1.088 99.070 1.421
201503 1.077 99.621 1.399
201506 1.077 100.684 1.384
201509 1.133 100.392 1.461
201512 1.133 99.792 1.469
201603 1.120 100.470 1.443
201606 1.138 101.688 1.448
201609 1.201 101.861 1.526
201612 1.208 101.863 1.535
201703 1.152 102.862 1.449
201706 1.203 103.349 1.506
201709 1.285 104.136 1.597
201712 1.275 104.011 1.586
201803 1.720 105.290 2.114
201806 1.326 106.317 1.614
201809 1.286 106.507 1.563
201812 1.288 105.998 1.573
201903 1.329 107.251 1.604
201906 1.257 108.070 1.505
201909 1.297 108.329 1.550
201912 1.300 108.420 1.552
202003 1.271 108.902 1.510
202006 1.079 108.767 1.284
202009 1.108 109.815 1.306
202012 1.068 109.897 1.258
202103 1.103 111.754 1.277
202106 1.205 114.631 1.360
202109 1.290 115.734 1.443
202112 1.336 117.630 1.470
202203 1.331 121.301 1.420
202206 1.366 125.017 1.414
202209 1.456 125.227 1.505
202212 1.390 125.222 1.437
202303 1.412 127.348 1.435
202306 1.437 128.729 1.445
202309 1.457 129.860 1.452
202312 1.473 129.419 1.473

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.


American Assets Trust  (NYSE:AAT) 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.


American Assets Trust Cyclically Adjusted PS Ratio Related Terms

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


American Assets Trust (American Assets Trust) Business Description

Traded in Other Exchanges
N/A
Address
3420 Carmel Mountain Road, Suite 100, San Diego, CA, USA, 92121
American Assets Trust Inc is a self-administered real estate investment trust based in the United States. The company invests in, operates, and develops retail, office, residential, and mixed-use properties. Properties are primarily located in South California, Northern California, Oregon, Washington, and Hawaii. American Assets operates through four segments based on property type: retail; office; mixed-use, which consists of retail and hotel components; and multifamily, which includes the company's apartment properties. The retail and office segments collectively contribute the majority of the total revenue.
Executives
Ernest S Rady director, 10 percent owner, officer: Executive Chairman 23 PASTEUR ROAD, C/O WESTCORP, IRVINE CA 92618
Nina A Tran director C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Adam Wyll officer: Senior VP, Gen Counsel and Sec 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Robert F. Barton officer: Executive Vice President & CFO 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Joy L. Schaefer director 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Duane Nelles director 23 PASTEUR ROAD, IRVINE CA 92618
Jerry Gammieri officer: V. P. Construction and Devlp 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Patrick Kinney officer: Senior VP of Real Estate Ops 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
John W. Chamberlain director, officer: CEO and President 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
American Assets Inc 10 percent owner 3430 CARMEL MOUNTAIN ROAD, SUITE 150, SAN DIEGO CA 92121
Alan D Gold director 17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Larry E Finger director 1626 EAST JEFFERSON ST, ROCKVILLE MD 20852
Thomas S Olinger director C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Robert S Sullivan director P O BOX 1637, HOUSTON TX 77251
Lange Edward F Jr director 405 PARK AVENUE, NEW YORK NY 10022

American Assets Trust (American Assets Trust) Headlines