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Cohen & Steers (Cohen & Steers) Cyclically Adjusted PS Ratio : 6.56 (As of Jun. 03, 2024)


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What is Cohen & Steers Cyclically Adjusted PS Ratio?

As of today (2024-06-03), Cohen & Steers's current share price is $70.29. Cohen & Steers's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $10.72. Cohen & Steers's Cyclically Adjusted PS Ratio for today is 6.56.

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

CNS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.6   Med: 7.01   Max: 11.48
Current: 6.56

During the past years, Cohen & Steers's highest Cyclically Adjusted PS Ratio was 11.48. The lowest was 4.60. And the median was 7.01.

CNS's Cyclically Adjusted PS Ratio is ranked better than
55.35% of 869 companies
in the Asset Management industry
Industry Median: 7.64 vs CNS: 6.56

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.

Cohen & Steers's adjusted revenue per share data for the three months ended in Mar. 2024 was $2.541. 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 $10.72 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cohen & Steers Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Cohen & Steers'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.

Cohen & Steers Cyclically Adjusted PS Ratio Chart

Cohen & Steers 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 8.42 9.36 10.23 6.45 7.22

Cohen & Steers 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 6.26 5.60 5.98 7.22 7.17

Competitive Comparison of Cohen & Steers's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, Cohen & Steers'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.


Cohen & Steers's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Cohen & Steers's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Cohen & Steers's Cyclically Adjusted PS Ratio falls into.



Cohen & Steers 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.

Cohen & Steers's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=70.29/10.72
=6.56

* 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.

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

For example, Cohen & Steers'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)
=2.541/131.7762*131.7762
=2.541

Current CPI (Mar. 2024) = 131.7762.

Cohen & Steers Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.735 100.560 2.274
201409 1.783 100.428 2.340
201412 1.798 99.070 2.392
201503 1.829 99.621 2.419
201506 1.833 100.684 2.399
201509 1.745 100.392 2.291
201512 1.789 99.792 2.362
201603 1.737 100.470 2.278
201606 1.874 101.688 2.428
201609 2.036 101.861 2.634
201612 1.968 101.863 2.546
201703 1.936 102.862 2.480
201706 1.994 103.349 2.542
201709 2.088 104.136 2.642
201712 2.135 104.011 2.705
201803 2.042 105.290 2.556
201806 2.057 106.317 2.550
201809 2.127 106.507 2.632
201812 2.038 105.998 2.534
201903 2.010 107.251 2.470
201906 2.153 108.070 2.625
201909 2.204 108.329 2.681
201912 2.281 108.420 2.772
202003 2.202 108.902 2.665
202006 1.955 108.767 2.369
202009 2.298 109.815 2.758
202012 2.392 109.897 2.868
202103 2.594 111.754 3.059
202106 2.964 114.631 3.407
202109 3.145 115.734 3.581
202112 3.244 117.630 3.634
202203 3.143 121.301 3.414
202206 3.034 125.017 3.198
202209 2.869 125.227 3.019
202212 2.591 125.222 2.727
202303 2.617 127.348 2.708
202306 2.508 128.729 2.567
202309 2.570 129.860 2.608
202312 2.482 129.419 2.527
202403 2.541 131.776 2.541

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.


Cohen & Steers  (NYSE:CNS) 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.


Cohen & Steers Cyclically Adjusted PS Ratio Related Terms

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


Cohen & Steers (Cohen & Steers) Business Description

Traded in Other Exchanges
Address
280 Park Avenue, 10th Floor, New York, NY, USA, 10017
Cohen & Steers is a niche asset manager concentrating on real estate securities. The firm invests mainly in the equity shares of real estate investment trusts, with holdings in domestic and international real estate securities accounting for close to two thirds of its $75.2 billion in managed assets at the end of September 2023. Cohen & Steers also manages portfolios dedicated to preferred securities, utilities stocks, and other high-yield offerings. The firm's distribution is balanced among its closed-end funds, open-end funds, and institutional accounts. During the past four calendar quarters, the company garnered 41% (26%) of its managed assets (base management fees) from institutional clients, 45% (53%) from open-end funds, and 14% (21%) from closed-end funds.
Executives
Elena Dulik officer: Chief Accounting Officer 280 PARK AVE, 10TH FLOOR, NEW YORK NY 10017
Richard P Simon director COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Brandon Brown officer: Executive Vice President 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Martin Cohen director, 10 percent owner, officer: Executive Chairman C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Alicia Dee officer: Executive Vice President 280 PARK AVE, 10TH FLOOR, NEW YORK NY 10017
Michele Nolty officer: Executive Vice President C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Francis C Poli officer: See Remarks 280 PARK AVENUE, 10TH FLOOR, C/O COHEN & STEERS, NEW YORK NY 10017
Matthew S. Stadler officer: Chief Financial Officer, EVP C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
John Todd Glickson officer: Senior Vice President 280 PARK AVE, 10TH FLOOR, NEW YORK NY 10017
Dasha Smith director C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Daniel P Charles officer: Executive Vice President C/O COHEN & STEERS, INC., NEW YORK NY 10017
Jon Cheigh officer: Executive Vice President C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Edmond D Villani director COHEN & STEERS, INC., 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Peter L Rhein director
Reena Aggarwal director C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017