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Apollo Commercial Real Estate Finance (FRA:9A1) Cyclically Adjusted PS Ratio : 4.15 (As of May. 18, 2024)


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

As of today (2024-05-18), Apollo Commercial Real Estate Finance's current share price is €9.376. Apollo Commercial Real Estate Finance's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €2.26. Apollo Commercial Real Estate Finance's Cyclically Adjusted PS Ratio for today is 4.15.

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:

FRA:9A1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.27   Med: 4.76   Max: 8.2
Current: 4.1

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 4.76.

FRA:9A1's Cyclically Adjusted PS Ratio is ranked better than
59.18% of 490 companies
in the REITs industry
Industry Median: 4.975 vs FRA:9A1: 4.10

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 €0.549. 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 €2.26 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 4.45

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
=9.376/2.26
=4.15

* 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)
=0.549/131.7762*131.7762
=0.549

Current CPI (Mar. 2024) = 131.7762.

Apollo Commercial Real Estate Finance Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.485 100.560 0.636
201409 0.394 100.428 0.517
201412 0.467 99.070 0.621
201503 0.575 99.621 0.761
201506 0.456 100.684 0.597
201509 0.475 100.392 0.623
201512 0.440 99.792 0.581
201603 0.420 100.470 0.551
201606 0.461 101.688 0.597
201609 0.539 101.861 0.697
201612 0.792 101.863 1.025
201703 0.602 102.862 0.771
201706 0.529 103.349 0.675
201709 0.639 104.136 0.809
201712 0.442 104.011 0.560
201803 0.453 105.290 0.567
201806 0.515 106.317 0.638
201809 0.446 106.507 0.552
201812 0.438 105.998 0.545
201903 0.449 107.251 0.552
201906 0.322 108.070 0.393
201909 0.475 108.329 0.578
201912 0.515 108.420 0.626
202003 0.426 108.902 0.515
202006 0.251 108.767 0.304
202009 0.345 109.815 0.414
202012 0.160 109.897 0.192
202103 0.361 111.754 0.426
202106 0.276 114.631 0.317
202109 0.392 115.734 0.446
202112 0.381 117.630 0.427
202203 0.393 121.301 0.427
202206 0.550 125.017 0.580
202209 0.969 125.227 1.020
202212 0.309 125.222 0.325
202303 0.526 127.348 0.544
202306 0.111 128.729 0.114
202309 0.516 129.860 0.524
202312 0.542 129.419 0.552
202403 0.549 131.776 0.549

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  (FRA:9A1) 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 (FRA:9A1) 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.

Apollo Commercial Real Estate Finance (FRA:9A1) Headlines

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