Ares Commercial Real Estate (Ares Commercial Real Estate) Cyclically Adjusted PS Ratio : 2.99 (As of May. 24, 2024)

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What is Ares Commercial Real Estate Cyclically Adjusted PS Ratio?

As of today (2024-05-24), Ares Commercial Real Estate's current share price is $6.66. Ares Commercial Real Estate's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $2.23. Ares Commercial Real Estate's Cyclically Adjusted PS Ratio for today is 2.99.

The historical rank and industry rank for Ares Commercial Real Estate's Cyclically Adjusted PS Ratio or its related term are showing as below:

ACRE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.94 Med: 4.58 Max: 7.48
Current: 3.13

During the past years, Ares Commercial Real Estate's highest Cyclically Adjusted PS Ratio was 7.48. The lowest was 2.94. And the median was 4.58.

ACRE's Cyclically Adjusted PS Ratio is ranked better than
69.12% of 489 companies
in the REITs industry
Industry Median: 4.97 vs ACRE: 3.13

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.

Ares Commercial Real Estate's adjusted revenue per share data for the three months ended in Mar. 2024 was $-0.479. 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 $2.23 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Ares Commercial Real Estate Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Ares Commercial Real Estate'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.

Ares Commercial Real Estate Cyclically Adjusted PS Ratio Chart

Ares Commercial Real Estate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PS Ratio

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7.03

4.45

4.51

Ares Commercial Real Estate 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															3.88	4.36	4.08	4.51	3.35

Competitive Comparison of Ares Commercial Real Estate's Cyclically Adjusted PS Ratio

For the REIT - Mortgage subindustry, Ares Commercial Real Estate'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.

Ares Commercial Real Estate's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Ares Commercial Real Estate's Cyclically Adjusted PS Ratio falls into.

Ares Commercial Real Estate 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.

Ares Commercial Real Estate's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio	=	Share Price	/	Cyclically Adjusted Revenue per Share
	=	6.66	/	2.23
	=	2.99

Ares Commercial Real Estate's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ares Commercial Real Estate'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)
	=	-0.479	/	131.7762	*	131.7762
	=	-0.479

Current CPI (Mar. 2024) = 131.7762.

Ares Commercial Real Estate Quarterly Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201406	0.568	100.560	0.744
201409	0.451	100.428	0.592
201412	-0.191	99.070	-0.254
201503	0.625	99.621	0.827
201506	0.431	100.684	0.564
201509	0.428	100.392	0.562
201512	0.435	99.792	0.574
201603	0.357	100.470	0.468
201606	0.369	101.688	0.478
201609	0.412	101.861	0.533
201612	0.443	101.863	0.573
201703	0.363	102.862	0.465
201706	0.365	103.349	0.465
201709	0.515	104.136	0.652
201712	0.380	104.011	0.481
201803	0.459	105.290	0.574
201806	0.476	106.317	0.590
201809	0.487	106.507	0.603
201812	0.506	105.998	0.629
201903	0.492	107.251	0.605
201906	0.751	108.070	0.916
201909	0.688	108.329	0.837
201912	0.747	108.420	0.908
202003	0.663	108.902	0.802
202006	0.417	108.767	0.505
202009	0.667	109.815	0.800
202012	0.632	109.897	0.758
202103	0.611	111.754	0.720
202106	0.570	114.631	0.655
202109	0.576	115.734	0.656
202112	0.636	117.630	0.712
202203	0.550	121.301	0.597
202206	0.493	125.017	0.520
202209	0.497	125.227	0.523
202212	0.554	125.222	0.583
202303	0.383	127.348	0.396
202306	0.460	128.729	0.471
202309	0.347	129.860	0.352
202312	0.306	129.419	0.312
202403	-0.479	131.776	-0.479

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.

Ares Commercial Real Estate (NYSE:ACRE) 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.

Ares Commercial Real Estate Cyclically Adjusted PS Ratio Related Terms

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

Ares Commercial Real Estate (Ares Commercial Real Estate) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ares Commercial Real Estate Corp (NYSE:ACRE) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

TRTX DX ORC ARR IVR NYMT REFI NREF KREF GPMT NLY STWD AGNC RITM BXMT ABR RC CMTG ARI LADR

Traded in Other Exchanges

41I:Germany 41I:Germany

Address

245 Park Avenue, 42nd Floor, New York, NY, USA, 10167

Website

https://www.arescre.com

Ares Commercial Real Estate Corp is a specialty finance company and a Real Estate Investment Trust providing commercial real estate loans and related investments. The company operates in one segment namely originating and managing a diversified portfolio of CRE debt-related investments. The group recognizes its revenues through the interest income it receives from loans.

Executives

Bryan Patrick Donohoe	officer: Chief Executive Officer	C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Anton Feingold	officer: General Counsel VP & Secretary	C/O CION ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
William Stephen Benjamin	director	C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Rebecca Jaisali Parekh	director	C/O ARES COMMERCIAL REAL ESTATE, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Michael J Arougheti	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
James Alan Henderson	officer: President and CIO	C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
David A Roth	officer: President	C/O THE BLACKSTONE GROUP, 345 PARK AVE., NEW YORK NY 10154
Rand Scott April	director	C/O ARES COMMERCIAL REAL ESTATE MGMT, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Moriarty Edmond N. Iii	director	C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Kirk Sykes	director	C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167
Robert L Rosen	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
James E Skinner	director	NEIMAN MARCUS GROUP, 1618 MAIN ST, DALLAS TX 75201
Caroline Blakely	director	ONE NORTH WACKER DRIVE 48TH FL, CHICAGO IL 60606
John Jardine	director, officer: Co-Chief Executive Officer	C/O ARES COMMERCIAL REAL ESTATE CORP., ONE NORTH WACKER DRIVE, 48TH FLOOR, CHICAGO IL 60606
Todd Schuster	director	C/O TPG RE FINANCE TRUST, INC., 888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106