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Terreno Realty (Terreno Realty) Cyclically Adjusted PS Ratio : 17.27 (As of May. 16, 2024)


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What is Terreno Realty Cyclically Adjusted PS Ratio?

As of today (2024-05-16), Terreno Realty's current share price is $57.16. Terreno Realty's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $3.31. Terreno Realty's Cyclically Adjusted PS Ratio for today is 17.27.

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

TRNO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 15.53   Med: 22.16   Max: 30.03
Current: 16.68

During the past years, Terreno Realty's highest Cyclically Adjusted PS Ratio was 30.03. The lowest was 15.53. And the median was 22.16.

TRNO's Cyclically Adjusted PS Ratio is ranked worse than
94.48% of 489 companies
in the REITs industry
Industry Median: 4.98 vs TRNO: 16.68

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.

Terreno Realty's adjusted revenue per share data for the three months ended in Mar. 2024 was $0.951. 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 $3.31 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Terreno Realty Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Terreno Realty'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.

Terreno Realty Cyclically Adjusted PS Ratio Chart

Terreno Realty 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 23.67 23.02 30.03 18.35 18.98

Terreno Realty 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 20.43 18.68 17.30 18.98 20.03

Competitive Comparison of Terreno Realty's Cyclically Adjusted PS Ratio

For the REIT - Industrial subindustry, Terreno Realty'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.


Terreno Realty's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Terreno Realty 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.

Terreno Realty's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=57.16/3.31
=17.27

* 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.

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

For example, Terreno Realty'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)
=0.951/131.7762*131.7762
=0.951

Current CPI (Mar. 2024) = 131.7762.

Terreno Realty Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.584 100.560 0.765
201409 0.538 100.428 0.706
201412 0.529 99.070 0.704
201503 0.541 99.621 0.716
201506 0.565 100.684 0.739
201509 0.567 100.392 0.744
201512 0.564 99.792 0.745
201603 0.597 100.470 0.783
201606 0.589 101.688 0.763
201609 0.592 101.861 0.766
201612 0.645 101.863 0.834
201703 0.660 102.862 0.846
201706 0.651 103.349 0.830
201709 0.637 104.136 0.806
201712 0.634 104.011 0.803
201803 0.673 105.290 0.842
201806 0.657 106.317 0.814
201809 0.649 106.507 0.803
201812 0.660 105.998 0.821
201903 0.664 107.251 0.816
201906 0.651 108.070 0.794
201909 0.657 108.329 0.799
201912 0.672 108.420 0.817
202003 0.669 108.902 0.810
202006 0.672 108.767 0.814
202009 0.690 109.815 0.828
202012 0.707 109.897 0.848
202103 0.736 111.754 0.868
202106 0.763 114.631 0.877
202109 0.809 115.734 0.921
202112 0.822 117.630 0.921
202203 0.851 121.301 0.924
202206 0.868 125.017 0.915
202209 0.937 125.227 0.986
202212 0.998 125.222 1.050
202303 0.929 127.348 0.961
202306 0.957 128.729 0.980
202309 0.984 129.860 0.999
202312 1.009 129.419 1.027
202403 0.951 131.776 0.951

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.


Terreno Realty  (NYSE:TRNO) 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.


Terreno Realty Cyclically Adjusted PS Ratio Related Terms

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


Terreno Realty (Terreno Realty) Business Description

Industry
Traded in Other Exchanges
Address
10500 NE 8th Street, Suite 1910, Bellevue, WA, USA, 98004
Terreno Realty Corp is a real estate investment trust engaged in acquiring, owning and operating industrial real estate in six coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. The company invests in several types of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development), transshipment and improved land.
Executives
Melinda Weston officer: Chief Accounting Officer TERRENO REALTY CORPORATION, 10500 NE 8TH STREET, SUITE 301, BELLEVUE WA 98004
Leroy E Carlson director 79840 CITRUS STREET, LAQUINTA CA 92253
Michael A Coke director, officer: PRESIDENT TERRENO REALTY CORPORATION, 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
Irene H Oh director 135 N LOS ROBLES AVE. 7TH FL, PASADENA CA 91101
Gary N Boston director 3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Douglas M Pasquale director 245 FICHER AVE STE D-1, COSTA MESA CA 92626
W Blake Baird director, officer: CHAIRMAN AND CEO 1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Linda Assante director C/O TERRENO REALTY CORP., 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
David M Lee director 101 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Gabriela Franco Parcella director 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
Dennis Polk director 44201 NOBEL DRIVE, FREMONT CA 94538
Peter J Merlone director 2840 DIVISADERO, SAN FRANCISCO CA 94123
John Tull Meyer officer: EVP 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
Jaime Jackson Cannon officer: CFO 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
Andrew Thomas Burke officer: EVP 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104

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