GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Apollo Commercial Real Estate Finance Inc (NYSE:ARI) » Definitions » Cyclically Adjusted PS Ratio

Apollo Commercial Real Estate Finance (Apollo Commercial Real Estate Finance) Cyclically Adjusted PS Ratio : 3.97 (As of Apr. 30, 2024)


View and export this data going back to 2009. Start your Free Trial

What is Apollo Commercial Real Estate Finance Cyclically Adjusted PS Ratio?

As of today (2024-04-30), Apollo Commercial Real Estate Finance's current share price is $9.755. Apollo Commercial Real Estate Finance's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $2.46. Apollo Commercial Real Estate Finance's Cyclically Adjusted PS Ratio for today is 3.97.

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

ARI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.27   Med: 4.83   Max: 8.2
Current: 4.35

During the past years, Apollo Commercial Real Estate Finance's highest Cyclically Adjusted PS Ratio was 8.20. The lowest was 2.27. And the median was 4.83.

ARI's Cyclically Adjusted PS Ratio is ranked better than
55.49% of 492 companies
in the REITs industry
Industry Median: 5 vs ARI: 4.35

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.

Apollo Commercial Real Estate Finance's adjusted revenue per share data for the three months ended in Mar. 2024 was $0.596. 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 $2.46 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apollo Commercial Real Estate Finance Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Apollo Commercial Real Estate Finance'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.

Apollo Commercial Real Estate Finance Cyclically Adjusted PS Ratio Chart

Apollo Commercial Real Estate Finance 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 7.87 4.85 5.49 4.36 4.75

Apollo Commercial Real Estate Finance 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 3.73 4.56 4.06 4.75 4.53

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

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


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

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

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



Apollo Commercial Real Estate Finance 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.755/2.46
=3.97

* 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.

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

For example, Apollo Commercial Real Estate Finance'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)
=0.596/129.4194*129.4194
=0.596

Current CPI (Mar. 2024) = 129.4194.

Apollo Commercial Real Estate Finance Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.659 100.560 0.848
201409 0.507 100.428 0.653
201412 0.576 99.070 0.752
201503 0.622 99.621 0.808
201506 0.512 100.684 0.658
201509 0.533 100.392 0.687
201512 0.480 99.792 0.623
201603 0.468 100.470 0.603
201606 0.518 101.688 0.659
201609 0.605 101.861 0.769
201612 0.836 101.863 1.062
201703 0.644 102.862 0.810
201706 0.594 103.349 0.744
201709 0.761 104.136 0.946
201712 0.523 104.011 0.651
201803 0.559 105.290 0.687
201806 0.602 106.317 0.733
201809 0.521 106.507 0.633
201812 0.499 105.998 0.609
201903 0.507 107.251 0.612
201906 0.363 108.070 0.435
201909 0.523 108.329 0.625
201912 0.572 108.420 0.683
202003 0.470 108.902 0.559
202006 0.282 108.767 0.336
202009 0.406 109.815 0.478
202012 0.194 109.897 0.228
202103 0.430 111.754 0.498
202106 0.332 114.631 0.375
202109 0.461 115.734 0.516
202112 0.431 117.630 0.474
202203 0.433 121.301 0.462
202206 0.582 125.017 0.602
202209 0.959 125.227 0.991
202212 0.327 125.222 0.338
202303 0.564 127.348 0.573
202306 0.120 128.729 0.121
202309 0.551 129.860 0.549
202312 0.591 129.419 0.591
202403 0.596 129.419 0.596

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.


Apollo Commercial Real Estate Finance  (NYSE:ARI) 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.


Apollo Commercial Real Estate Finance Cyclically Adjusted PS Ratio Related Terms

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


Apollo Commercial Real Estate Finance (Apollo Commercial Real Estate Finance) Business Description

Traded in Other Exchanges
Address
c/o Apollo Global Management, Inc, 9 West 57th Street, 42nd Floor, New York, NY, USA, 10019
Apollo Commercial Real Estate Finance Inc is a real estate investment trust that primarily originates, invests in, acquires, and manages commercial first-mortgage loans, subordinate financings, commercial mortgage-backed securities, and other real estate-related debt investments. The subordinate loans and first-mortgage loans account for the vast majority of the portfolio on a cost basis. Property types include residential, retail, healthcare, office, mixed-use, hotel, industrial, multifamily, securities, and other, with residential properties and hotels representing the highest property value. More than a third of the properties are located in New York City, with the other properties located across other regions of the United States, as well as other countries.
Executives
Stuart Rothstein officer: CFO, Treasurer and Secretary 2180 SAND HILL RD, STE 200, MENLO PARK CA 94025
Mark C Biderman director NATIONAL FINANCIAL PARTNERS CORP, 340 MADISON AVENUE, 19TH FL, NEW YORK NY 10173
Pamela G Carlton director 901 S. MARQUETTE AVENUE, MINNEAPOLIS MN 55402
Robert A Kasdin director 239 CENTRAL PARK WEST, APT 3A, NEW YORK NY 10024
Anastasia G. Mironova officer: CFO, Secretary & Treasurer 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Whonder Carmencita N.m. director 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Eric Press director 1301 AVENUE OF THE AMERICA 38TH FLOOR, NEW YORK NY 10019
Jai Agarwal officer: CFO, Treasurer and Secretary 601 LEXINGTON AVE, 26TH FLOOR, NEW YORK NY 10022
Katherine G. Newman director C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Michael Salvati director
Brenna Haysom Romando director 36 BLOOMS CORNERS ROAD, WARWICK NY 10990
Jeffrey M Gault director MORGANS HOTEL GROUP CO., 475 TENTH AVENUE, NEW YORK NY 10018
Scott Prince director 9 W 57TH STREET, NEW YORK NY 10019
Investment Authority Qatar 10 percent owner P.O. BOX 23224, DOHA S3 QATAR
Cindy Z Michel director C/O APOLLO INVESTMENT CORPORATION, 9 WEST 57TH STREET, NEW YORK NY 10019

Apollo Commercial Real Estate Finance (Apollo Commercial Real Estate Finance) Headlines