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American Tower (BSP:T1OW34) Cyclically Adjusted PS Ratio : 10.32 (As of Jun. 06, 2024)


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What is American Tower Cyclically Adjusted PS Ratio?

As of today (2024-06-06), American Tower's current share price is R$43.84. American Tower's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$4.25. American Tower's Cyclically Adjusted PS Ratio for today is 10.32.

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

BSP:T1OW34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.15   Med: 15.93   Max: 21.79
Current: 9.7

During the past years, American Tower's highest Cyclically Adjusted PS Ratio was 21.79. The lowest was 8.15. And the median was 15.93.

BSP:T1OW34's Cyclically Adjusted PS Ratio is ranked worse than
83.33% of 492 companies
in the REITs industry
Industry Median: 4.925 vs BSP:T1OW34: 9.70

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.

American Tower's adjusted revenue per share data for the three months ended in Mar. 2024 was R$1.257. 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 R$4.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Tower Cyclically Adjusted PS Ratio Historical Data

The historical data trend for American Tower'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.

American Tower Cyclically Adjusted PS Ratio Chart

American Tower 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 19.44 16.99 18.88 11.84 10.91

American Tower 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 11.02 10.17 8.40 10.91 9.67

Competitive Comparison of American Tower's Cyclically Adjusted PS Ratio

For the REIT - Specialty subindustry, American Tower'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.


American Tower's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

* The bar in red indicates where American Tower's Cyclically Adjusted PS Ratio falls into.



American Tower 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.

American Tower's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=43.84/4.25
=10.32

* 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.

American Tower's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, American Tower'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)
=1.257/131.7762*131.7762
=1.257

Current CPI (Mar. 2024) = 131.7762.

American Tower Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.240 100.560 0.315
201409 0.253 100.428 0.332
201412 0.287 99.070 0.382
201503 0.345 99.621 0.456
201506 0.357 100.684 0.467
201509 0.471 100.392 0.618
201512 0.484 99.792 0.639
201603 0.464 100.470 0.609
201606 0.480 101.688 0.622
201609 0.478 101.861 0.618
201612 0.500 101.863 0.647
201703 0.490 102.862 0.628
201706 0.530 103.349 0.676
201709 0.507 104.136 0.642
201712 0.541 104.011 0.685
201803 0.543 105.290 0.680
201806 0.630 106.317 0.781
201809 0.688 106.507 0.851
201812 0.776 105.998 0.965
201903 0.653 107.251 0.802
201906 0.682 108.070 0.832
201909 0.752 108.329 0.915
201912 0.738 108.420 0.897
202003 0.910 108.902 1.101
202006 0.928 108.767 1.124
202009 1.015 109.815 1.218
202012 1.019 109.897 1.222
202103 1.136 111.754 1.340
202106 1.065 114.631 1.224
202109 1.181 115.734 1.345
202112 1.260 117.630 1.412
202203 1.206 121.301 1.310
202206 1.223 125.017 1.289
202209 1.250 125.227 1.315
202212 1.266 125.222 1.332
202303 1.287 127.348 1.332
202306 1.200 128.729 1.228
202309 1.242 129.860 1.260
202312 1.217 129.419 1.239
202403 1.257 131.776 1.257

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.


American Tower  (BSP:T1OW34) 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.


American Tower Cyclically Adjusted PS Ratio Related Terms

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


American Tower (BSP:T1OW34) Business Description

Industry
Address
116 Huntington Avenue, 11th Floor, Boston, MA, USA, 02116
American Tower owns and operates more than 220,000 cell towers throughout the U.S., Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 U.S. markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the U.S., which accounted for roughly half of the company's total revenue in 2022. Outside the U.S., American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as an REIT.

American Tower (BSP:T1OW34) Headlines

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