This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
The historical rank and industry rank for Spirit Realty Capital's Median PS Value or its related term are showing as below:
SRC'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.83 Med: 1 Max: 1.21
Current: 1.05
During the past 13 years, the highest Price to Median PS Value of Spirit Realty Capital was 1.21. The lowest was 0.83. And the median was 1.00.
SRC's Price-to-Median-PS-Value is not ranked
in the REITs industry.
Industry Median: 0.79
vs SRC: 1.05
Spirit Realty Capital Median PS Value Historical Data
The historical data trend for Spirit Realty Capital's Median PS Value 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.
Competitive Comparison of Spirit Realty Capital's Median PS Value
For the REIT - Diversified subindustry, Spirit Realty Capital's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
Spirit Realty Capital's Price-to-Median-PS-Value Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Spirit Realty Capital's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Spirit Realty Capital's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 7.6034.
Spirit Realty Capital's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.32.
* 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.
Spirit Realty Capital (NYSE:SRC) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Spirit Realty Capital's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
42.31
/
40.45
=
1.05
* 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.
Spirit Realty Capital Median PS Value Related Terms
Thank you for viewing the detailed overview of Spirit Realty Capital's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Spirit Realty Capital (Spirit Realty Capital) Business Description
Spirit Realty Capital Inc is a real estate investment trust primarily involved in leasing properties throughout the U.S. Spirit Realty's core business is acquiring real estate through sale-leaseback transactions in which a tenant will sell their property to Spirit and then lease that same property back from Spirit through a prearranged, long-term agreement. Spirit generates nearly all of its revenue in the form of rental income derived from leasing assets in its real estate portfolio. The vast majority of this portfolio is composed of retail properties. General merchandise companies, casual dining chains, and quick service restaurant chains represent significant amounts of Spirit's rental income. The company's real estate assets are fairly evenly distributed throughout the U.S.
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