GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Braemar Hotels & Resorts Inc (NYSE:BHR) » Definitions » Cyclically Adjusted Revenue per Share

Braemar Hotels & Resorts (Braemar Hotels & Resorts) Cyclically Adjusted Revenue per Share : $13.35 (As of Dec. 2023)


View and export this data going back to 2013. Start your Free Trial

What is Braemar Hotels & Resorts Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Braemar Hotels & Resorts's adjusted revenue per share for the three months ended in Dec. 2023 was $2.963. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $13.35 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Braemar Hotels & Resorts's average Cyclically Adjusted Revenue Growth Rate was -2.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

As of today (2024-04-27), Braemar Hotels & Resorts's current stock price is $2.79. Braemar Hotels & Resorts's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $13.35. Braemar Hotels & Resorts's Cyclically Adjusted PS Ratio of today is 0.21.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Braemar Hotels & Resorts was 0.40. The lowest was 0.14. And the median was 0.28.


Braemar Hotels & Resorts Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Braemar Hotels & Resorts's Cyclically Adjusted Revenue per Share 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.

Braemar Hotels & Resorts Cyclically Adjusted Revenue per Share Chart

Braemar Hotels & Resorts Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 13.67 13.35

Braemar Hotels & Resorts Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Revenue per Share 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 13.67 13.76 13.68 13.55 13.35

Competitive Comparison of Braemar Hotels & Resorts's Cyclically Adjusted Revenue per Share

For the REIT - Hotel & Motel subindustry, Braemar Hotels & Resorts'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.


Braemar Hotels & Resorts's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Braemar Hotels & Resorts's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Braemar Hotels & Resorts's Cyclically Adjusted PS Ratio falls into.



Braemar Hotels & Resorts Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Braemar Hotels & Resorts'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)
=2.963/129.4194*129.4194
=2.963

Current CPI (Dec. 2023) = 129.4194.

Braemar Hotels & Resorts Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 2.771 99.695 3.597
201406 2.441 100.560 3.142
201409 2.463 100.428 3.174
201412 2.301 99.070 3.006
201503 3.232 99.621 4.199
201506 3.748 100.684 4.818
201509 3.341 100.392 4.307
201512 3.123 99.792 4.050
201603 3.521 100.470 4.536
201606 3.468 101.688 4.414
201609 2.942 101.861 3.738
201612 3.227 101.863 4.100
201703 3.568 102.862 4.489
201706 3.689 103.349 4.620
201709 3.434 104.136 4.268
201712 1.906 104.011 2.372
201803 3.235 105.290 3.976
201806 3.139 106.317 3.821
201809 3.399 106.507 4.130
201812 3.086 105.998 3.768
201903 4.002 107.251 4.829
201906 3.668 108.070 4.393
201909 3.675 108.329 4.390
201912 3.759 108.420 4.487
202003 3.619 108.902 4.301
202006 0.392 108.767 0.466
202009 1.319 109.815 1.554
202012 1.412 109.897 1.663
202103 2.117 111.754 2.452
202106 2.031 114.631 2.293
202109 1.962 115.734 2.194
202112 2.042 117.630 2.247
202203 1.801 121.301 1.922
202206 1.624 125.017 1.681
202209 2.272 125.227 2.348
202212 2.414 125.222 2.495
202303 2.971 127.348 3.019
202306 2.837 128.729 2.852
202309 2.428 129.860 2.420
202312 2.963 129.419 2.963

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Braemar Hotels & Resorts  (NYSE:BHR) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Braemar Hotels & Resorts's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2.79/13.35
=0.21

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Braemar Hotels & Resorts was 0.40. The lowest was 0.14. And the median was 0.28.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Braemar Hotels & Resorts Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Braemar Hotels & Resorts's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Braemar Hotels & Resorts (Braemar Hotels & Resorts) Business Description

Industry
Traded in Other Exchanges
Address
14185 Dallas Parkway, Suite 1200, Dallas, TX, USA, 75254
Braemar Hotels & Resorts Inc is a real estate investment trust company that invests in high revenue per available room, or RevPAR, luxury, upper-upscale and upscale hotels in gateway and resort locations. The firm operates in various U.S. states such as California, Texas, Washington, Philadelphia, Florida, and Illinois as well as Washington, D.C. and St. Thomas, U.S. Virgin Islands. The company operates through its direct hotel investment segment. Its revenue streams include rooms, food and beverage, and other. The firm's hotels operate under various brands, such as Marriott, Hilton, Courtyard, and Renaissance, among others.
Executives
Abteen Vaziri director 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Richard J Stockton officer: Chief Executive Officer 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Montgomery J Bennett director, officer: Chief Executive Officer 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Mary Candace Evans director 11407 WEST RICKS CIRCLE, DALLAS TX 75230
Rebeca M Johnson director 14185 DALLAS PARKWAY, SUITE 1200, DALLAS TX 75240
Curtis B Mcwilliams director 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801
Alex Rose officer: Exec. VP, GC and Secretary 14185 DALLAS PARKWAY, SUITE 1200, DALLAS TX 75254
Deric S Eubanks officer: CFO and Treasurer 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Stefani D Carter director 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Mark Nunneley officer: Chief Accounting Officer 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Robert G. Haiman officer: Exec. VP, GC and Secretary 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Jeremy Welter officer: EVP-Asset Management 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Darrouzet Sarah Zubiate director 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Daniel B. Silvers director 1199 PARK AVENUE #17A, NEW YORK NY 10128
Lawrence A Cunningham director 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060