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Chimera Investment (Chimera Investment) Cyclically Adjusted PS Ratio : 1.72 (As of Apr. 28, 2024)


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What is Chimera Investment Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Chimera Investment's current share price is $4.19. Chimera Investment's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $2.43. Chimera Investment's Cyclically Adjusted PS Ratio for today is 1.72.

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

CIM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.68   Med: 4.96   Max: 7.96
Current: 1.72

During the past years, Chimera Investment's highest Cyclically Adjusted PS Ratio was 7.96. The lowest was 1.68. And the median was 4.96.

CIM's Cyclically Adjusted PS Ratio is ranked better than
85.51% of 490 companies
in the REITs industry
Industry Median: 4.995 vs CIM: 1.72

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.

Chimera Investment's adjusted revenue per share data for the three months ended in Dec. 2023 was $0.208. 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 $2.43 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chimera Investment Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Chimera Investment'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.

Chimera Investment Cyclically Adjusted PS Ratio Chart

Chimera Investment 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 7.25 4.16 5.48 2.19 2.05

Chimera Investment 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 2.19 2.23 2.32 2.21 2.05

Competitive Comparison of Chimera Investment's Cyclically Adjusted PS Ratio

For the REIT - Mortgage subindustry, Chimera Investment'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.


Chimera Investment's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Chimera Investment 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.

Chimera Investment's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.19/2.43
=1.72

* 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.

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

For example, Chimera Investment'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)
=0.208/129.4194*129.4194
=0.208

Current CPI (Dec. 2023) = 129.4194.

Chimera Investment Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.546 99.695 0.709
201406 0.328 100.560 0.422
201409 1.770 100.428 2.281
201412 0.226 99.070 0.295
201503 0.394 99.621 0.512
201506 0.627 100.684 0.806
201509 -0.053 100.392 -0.068
201512 0.661 99.792 0.857
201603 0.504 100.470 0.649
201606 0.523 101.688 0.666
201609 0.980 101.861 1.245
201612 1.260 101.863 1.601
201703 0.987 102.862 1.242
201706 0.940 103.349 1.177
201709 0.822 104.136 1.022
201712 0.594 104.011 0.739
201803 1.299 105.290 1.597
201806 0.717 106.317 0.873
201809 0.873 106.507 1.061
201812 -0.477 105.998 -0.582
201903 0.735 107.251 0.887
201906 0.418 108.070 0.501
201909 0.682 108.329 0.815
201912 0.756 108.420 0.902
202003 -1.826 108.902 -2.170
202006 -0.195 108.767 -0.232
202009 1.657 109.815 1.953
202012 0.582 109.897 0.685
202103 1.658 111.754 1.920
202106 0.855 114.631 0.965
202109 1.579 115.734 1.766
202112 0.156 117.630 0.172
202203 -1.020 121.301 -1.088
202206 -0.562 125.017 -0.582
202209 -0.736 125.227 -0.761
202212 0.558 125.222 0.577
202303 0.344 127.348 0.350
202306 0.245 128.729 0.246
202309 0.080 129.860 0.080
202312 0.208 129.419 0.208

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.


Chimera Investment  (NYSE:CIM) 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.


Chimera Investment Cyclically Adjusted PS Ratio Related Terms

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


Chimera Investment (Chimera Investment) Business Description

Industry
Address
630 Fifth Avenue, Suite 2400, New York, NY, USA, 10111
Chimera Investment Corporation is a real estate investment trust engaged in investing in a portfolio of mortgage assets on a leveraged basis. These investments include a variety of government-sponsored agency residential mortgage-backed securities, or RMBS, non-agency RMBS, agency commercial mortgage-backed securities, residential mortgage loans, and other real estate-related securities. Agency mortgage-backed securities represent the largest share of this portfolio, while subprime residential mortgage loans and non-agency RMBS also make up substantial shares. A significant percentage of these securities are backed by properties in California. The company generates nearly all of its income from interest payments derived from its investments.
Executives
Miyun Sung officer: Chief Legal Officer 4-75 48TH AVENUE #705, LONG ISLAND CITY NY 11109
Sudhanshu Thakkar officer: Co-Chief Investment Officer 630 FIFTH AVENUE, SUITE 2400, NEW YORK NY 10111
Sandra Bell director C/O TIPTREE INC., 660 STEAMBOAT ROAD, 2ND FL, GREENWICH CT 06830
Subramaniam Viswanathan officer: Chief Financial Officer 103 HARDING AVE, EDISON NJ 08820
Kelley Kortman officer: Principal Accounting Officer 520 MADISON AVE, FL 32, NEW YORK NY 10022
Kevin Gerald Chavers director C/O CHIMERA INVESTMENT CORPORATION, 520 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Matthew Lambiase director, officer: Chief Exec. Officer and Pres. 1211 AVENUE OF THE AMERICAS, SUITE 2902, NEW YORK NY 10036
Kardis Phillip John Ii officer: Chief Legal Officer C/O CHIMERA INVESTMENT CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Choudhary Yarlagadda officer: Chief Operating Officer 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Robert S Colligan officer: CFO 1211 AVENUE OF THE AMERICAS, STE 2902, NEW YORK NY 10036
Brian Patrick Reilly director 520 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Paul Donlin director 1211 AVENUE OF THE AMERICAS, SUITE 2902, NEW YORK NY 10036
Gerard Creagh director C/O DUFF & PHELPS CORPORATION, 55 EAST 52ND STREET, NEW YORK NY 10055
Mohit Marria officer: Chief Investment Officer 1211 AVENUE OF THE AMERICAS, STE 2902, NEW YORK NY 10036
Debra Still director 520 MADISON AVE, 32ND FL, C/O CHIMERA INVESTMENT CORPORATION, NEW YORK NY 10022