GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dream Impact Trust (TSX:MPCT.UN) » Definitions » Cyclically Adjusted PS Ratio

Dream Impact Trust (TSX:MPCT.UN) Cyclically Adjusted PS Ratio : 1.53 (As of Apr. 28, 2024)


View and export this data going back to 2014. Start your Free Trial

What is Dream Impact Trust Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Dream Impact Trust's current share price is C$4.07. Dream Impact Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was C$2.66. Dream Impact Trust's Cyclically Adjusted PS Ratio for today is 1.53.

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

TSX:MPCT.UN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.43   Med: 2.31   Max: 3.55
Current: 1.53

During the past years, Dream Impact Trust's highest Cyclically Adjusted PS Ratio was 3.55. The lowest was 1.43. And the median was 2.31.

TSX:MPCT.UN's Cyclically Adjusted PS Ratio is ranked better than
86.94% of 490 companies
in the REITs industry
Industry Median: 4.995 vs TSX:MPCT.UN: 1.53

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.

Dream Impact Trust's adjusted revenue per share data for the three months ended in Dec. 2023 was C$-1.272. 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 C$2.66 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dream Impact Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Dream Impact 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.

Dream Impact Trust Cyclically Adjusted PS Ratio Chart

Dream Impact 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 - - - - 2.31

Dream Impact 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 - - 3.19 2.80 2.31

Competitive Comparison of Dream Impact Trust's Cyclically Adjusted PS Ratio

For the REIT - Diversified subindustry, Dream Impact 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.


Dream Impact Trust's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Dream Impact 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.

Dream Impact Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4.07/2.66
=1.53

* 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.

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

For example, Dream Impact 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)
=-1.272/125.4675*125.4675
=-1.272

Current CPI (Dec. 2023) = 125.4675.

Dream Impact Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.010 98.604 0.013
201406 0.180 99.473 0.227
201409 8.001 99.394 10.100
201412 0.062 98.367 0.079
201503 0.922 99.789 1.159
201506 1.120 100.500 1.398
201509 0.970 100.421 1.212
201512 0.409 99.947 0.513
201603 0.824 101.054 1.023
201606 0.932 102.002 1.146
201609 1.160 101.765 1.430
201612 -0.731 101.449 -0.904
201703 -0.444 102.634 -0.543
201706 0.323 103.029 0.393
201709 0.761 103.345 0.924
201712 0.904 103.345 1.098
201803 0.851 105.004 1.017
201806 0.260 105.557 0.309
201809 0.467 105.636 0.555
201812 0.732 105.399 0.871
201903 0.451 106.979 0.529
201906 0.841 107.690 0.980
201909 0.417 107.611 0.486
201912 1.641 107.769 1.910
202003 0.488 107.927 0.567
202006 0.108 108.401 0.125
202009 0.206 108.164 0.239
202012 1.425 108.559 1.647
202103 -0.279 110.298 -0.317
202106 0.167 111.720 0.188
202109 0.401 112.905 0.446
202112 1.955 113.774 2.156
202203 0.244 117.646 0.260
202206 0.247 120.806 0.257
202209 0.231 120.648 0.240
202212 -2.542 120.964 -2.637
202303 -0.035 122.702 -0.036
202306 -0.487 124.203 -0.492
202309 -0.710 125.230 -0.711
202312 -1.272 125.468 -1.272

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.


Dream Impact Trust  (TSX:MPCT.UN) 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.


Dream Impact Trust Cyclically Adjusted PS Ratio Related Terms

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


Dream Impact Trust (TSX:MPCT.UN) Business Description

Industry
Traded in Other Exchanges
Address
30 Adelaide Street East, Suite 301, Toronto, ON, CAN, M5C 3H1
Dream Impact Trust is a Canada-based open-ended trust. It is focused on asset alternative investments consisting of real estate, real estate lending, real estate development, and renewable power. The objective is to generate financial returns along with positive social and environmental impacts. It has two operating segments: The development and investment holdings segment is comprised of direct and indirect investments in residential and mixed-use developments, a hospitality asset, and participating mortgage receivables and the Recurring income segment is comprised of a portfolio of stabilized office and commercial real estate income properties and multi-family rental assets over which the trust has significant influence, joint control, or control, and interest-paying corporate loans.

Dream Impact Trust (TSX:MPCT.UN) Headlines

No Headlines