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Crown Castle (Crown Castle) Cyclically Adjusted PS Ratio : 6.04 (As of Apr. 27, 2024)


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What is Crown Castle Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Crown Castle's current share price is $93.58. Crown Castle's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $15.49. Crown Castle's Cyclically Adjusted PS Ratio for today is 6.04.

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

CCI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.6   Med: 11.76   Max: 16.24
Current: 6.08

During the past years, Crown Castle's highest Cyclically Adjusted PS Ratio was 16.24. The lowest was 5.60. And the median was 11.76.

CCI's Cyclically Adjusted PS Ratio is ranked worse than
58.37% of 490 companies
in the REITs industry
Industry Median: 4.99 vs CCI: 6.08

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.

Crown Castle's adjusted revenue per share data for the three months ended in Mar. 2024 was $3.772. 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 $15.49 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Crown Castle Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Crown Castle'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.

Crown Castle Cyclically Adjusted PS Ratio Chart

Crown Castle 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 12.89 13.52 15.79 9.28 7.45

Crown Castle Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 8.96 7.49 5.98 7.45 6.83

Competitive Comparison of Crown Castle's Cyclically Adjusted PS Ratio

For the REIT - Specialty subindustry, Crown Castle'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.


Crown Castle's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Crown Castle 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.

Crown Castle's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=93.58/15.49
=6.04

* 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.

Crown Castle's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Crown Castle'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)
=3.772/129.4194*129.4194
=3.772

Current CPI (Mar. 2024) = 129.4194.

Crown Castle Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.637 100.560 3.394
201409 2.679 100.428 3.452
201412 2.772 99.070 3.621
201503 2.700 99.621 3.508
201506 2.695 100.684 3.464
201509 2.751 100.392 3.546
201512 2.823 99.792 3.661
201603 2.790 100.470 3.594
201606 2.842 101.688 3.617
201609 2.931 101.861 3.724
201612 2.926 101.863 3.718
201703 2.807 102.862 3.532
201706 2.836 103.349 3.551
201709 2.678 104.136 3.328
201712 2.794 104.011 3.477
201803 3.168 105.290 3.894
201806 3.197 106.317 3.892
201809 3.305 106.507 4.016
201812 3.268 105.998 3.990
201903 3.376 107.251 4.074
201906 3.462 108.070 4.146
201909 3.545 108.329 4.235
201912 3.411 108.420 4.072
202003 3.400 108.902 4.041
202006 3.437 108.767 4.090
202009 3.464 109.815 4.082
202012 3.440 109.897 4.051
202103 3.430 111.754 3.972
202106 3.647 114.631 4.117
202109 3.728 115.734 4.169
202112 3.811 117.630 4.193
202203 4.014 121.301 4.283
202206 3.995 125.017 4.136
202209 4.023 125.227 4.158
202212 4.065 125.222 4.201
202303 4.085 127.348 4.151
202306 4.302 128.729 4.325
202309 3.841 129.860 3.828
202312 3.857 129.419 3.857
202403 3.772 129.419 3.772

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.


Crown Castle  (NYSE:CCI) 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.


Crown Castle Cyclically Adjusted PS Ratio Related Terms

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


Crown Castle (Crown Castle) Business Description

Industry
Traded in Other Exchanges
Address
8020 Katy Freeway, Houston, TX, USA, 77024-1908
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with more than 70% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.
Executives
Robert Sean Collins officer: Vice President and Controller 8020 KATY FREEWAY, HOUSTON TX 77024
Maria M Pope director C/O PORTLAND GENERAL ELECTRIC CO., 121 SW SALMON ST, PORTLAND OR 97204
Kevin T Kabat director UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Kevin A Stephens director 1220 AUGUSTA DRIVE, SUITE 600, HOUSTON TX 77057
Laura B Nichol officer: EVP - Business Support 8020 KATY FREEWAY, HOUSTON TX 77024
Christopher Levendos officer: EVP & COO - Fiber 8020 KATY FREEWAY, HOUSTON TX 77024
Adams Edward B Jr officer: EVP and General Counsel 8020 KATY FREEWAY, HOUSTON TX 77024
Matthew Iii Thornton director 3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Michael Joseph Kavanagh officer: SVP & Chief Commercial Officer 8020 KATY FREEWAY, HOUSTON TX 77024
Catherine Piche officer: EVP & COO-Towers 8020 KATY FREEWAY, HOUSTON TX 77024
Daniel K Schlanger officer: SVP & Chief Financial Officer 8020 KATY FREEWAY, HOUSTON TX 77024
J Landis Martin director TIMET CORP, 1999 BROADWAY SUITE 4300, DENVER CO 80202
Kenneth Jay Simon officer: SVP and General Counsel 8020 KATY FREEWAY, HOUSTON TX 77024
James D Young officer: SVP & Chief Operating Officer 510 BERING DRIVE, SUITE 500, HOUSTON TX 77057
Tammy Jones director MONOGRAM RESIDENTIAL TRUST,INC., 5800 GRANITE PARKWAY, SUITE 1000, PLANO TX 75024