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Lamar Advertising Co (FRA:6LA) Cyclically Adjusted PS Ratio : 5.97 (As of May. 17, 2024)


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What is Lamar Advertising Co Cyclically Adjusted PS Ratio?

As of today (2024-05-17), Lamar Advertising Co's current share price is €110.00. Lamar Advertising Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €18.42. Lamar Advertising Co's Cyclically Adjusted PS Ratio for today is 5.97.

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

FRA:6LA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.46   Med: 4.92   Max: 7.27
Current: 6.01

During the past years, Lamar Advertising Co's highest Cyclically Adjusted PS Ratio was 7.27. The lowest was 2.46. And the median was 4.92.

FRA:6LA's Cyclically Adjusted PS Ratio is ranked worse than
58.28% of 489 companies
in the REITs industry
Industry Median: 4.98 vs FRA:6LA: 6.01

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.

Lamar Advertising Co's adjusted revenue per share data for the three months ended in Mar. 2024 was €4.474. 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 €18.42 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lamar Advertising Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Lamar Advertising Co'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.

Lamar Advertising Co Cyclically Adjusted PS Ratio Chart

Lamar Advertising Co 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 5.82 5.30 7.10 5.08 5.44

Lamar Advertising Co 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 5.26 5.15 4.28 5.44 5.97

Competitive Comparison of Lamar Advertising Co's Cyclically Adjusted PS Ratio

For the REIT - Specialty subindustry, Lamar Advertising Co'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.


Lamar Advertising Co's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Lamar Advertising Co's Cyclically Adjusted PS Ratio falls into.



Lamar Advertising Co 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.

Lamar Advertising Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=110.00/18.42
=5.97

* 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.

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

For example, Lamar Advertising Co'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)
=4.474/131.7762*131.7762
=4.474

Current CPI (Mar. 2024) = 131.7762.

Lamar Advertising Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.544 100.560 3.334
201409 2.715 100.428 3.562
201412 2.861 99.070 3.806
201503 2.919 99.621 3.861
201506 3.179 100.684 4.161
201509 3.235 100.392 4.246
201512 3.381 99.792 4.465
201603 3.122 100.470 4.095
201606 3.529 101.688 4.573
201609 3.527 101.861 4.563
201612 3.746 101.863 4.846
201703 3.300 102.862 4.228
201706 3.590 103.349 4.577
201709 3.402 104.136 4.305
201712 3.420 104.011 4.333
201803 2.966 105.290 3.712
201806 3.636 106.317 4.507
201809 3.614 106.507 4.471
201812 3.771 105.998 4.688
201903 3.405 107.251 4.184
201906 3.963 108.070 4.832
201909 4.135 108.329 5.030
201912 4.137 108.420 5.028
202003 3.648 108.902 4.414
202006 3.061 108.767 3.709
202009 3.248 109.815 3.898
202012 3.487 109.897 4.181
202103 3.080 111.754 3.632
202106 3.645 114.631 4.190
202109 3.998 115.734 4.552
202112 4.312 117.630 4.831
202203 4.036 121.301 4.385
202206 4.819 125.017 5.080
202209 5.238 125.227 5.512
202212 4.969 125.222 5.229
202303 4.317 127.348 4.467
202306 4.892 128.729 5.008
202309 4.978 129.860 5.051
202312 4.989 129.419 5.080
202403 4.474 131.776 4.474

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.


Lamar Advertising Co  (FRA:6LA) 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.


Lamar Advertising Co Cyclically Adjusted PS Ratio Related Terms

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


Lamar Advertising Co (FRA:6LA) Business Description

Industry
Traded in Other Exchanges
Address
5321 Corporate Boulevard, Baton Rouge, LA, USA, 70808
Lamar Advertising Co is an outdoor advertising company organized as a real estate investment trust for U.S. federal income tax purposes. Lamar's core revenue-generating activity is leasing space for advertising on billboards, buses, shelters, benches, logo plates, and airport terminals through short-term agreements. The company is involved in this process from ad copy production to the placement and maintenance of physical advertisements. The vast majority of Lamar's revenue comes from renting ad space on its portfolio of static and digital roadside billboard displays in the U.S. The states of Pennsylvania and Texas house a proportion of these. The company's customers are restaurant, service, healthcare, and retail firms in terms of total revenue.

Lamar Advertising Co (FRA:6LA) Headlines

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