GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Simon Property Group Inc (LTS:0L6P) » Definitions » Cyclically Adjusted PS Ratio

Simon Property Group (LTS:0L6P) Cyclically Adjusted PS Ratio : 7.26 (As of May. 23, 2024)


View and export this data going back to 2018. Start your Free Trial

What is Simon Property Group Cyclically Adjusted PS Ratio?

As of today (2024-05-23), Simon Property Group's current share price is $146.61. Simon Property Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $20.20. Simon Property Group's Cyclically Adjusted PS Ratio for today is 7.26.

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

LTS:0L6P' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.65   Med: 9.22   Max: 13.7
Current: 7.17

During the past years, Simon Property Group's highest Cyclically Adjusted PS Ratio was 13.70. The lowest was 2.65. And the median was 9.22.

LTS:0L6P's Cyclically Adjusted PS Ratio is ranked worse than
66.05% of 489 companies
in the REITs industry
Industry Median: 4.97 vs LTS:0L6P: 7.17

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.

Simon Property Group's adjusted revenue per share data for the three months ended in Mar. 2024 was $4.426. 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 $20.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Simon Property Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Simon Property Group'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.

Simon Property Group Cyclically Adjusted PS Ratio Chart

Simon Property Group 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 8.51 4.84 8.57 5.98 7.11

Simon Property Group 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 5.63 5.75 5.35 7.11 7.68

Competitive Comparison of Simon Property Group's Cyclically Adjusted PS Ratio

For the REIT - Retail subindustry, Simon Property Group'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.


Simon Property Group's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Simon Property Group's Cyclically Adjusted PS Ratio falls into.



Simon Property Group 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.

Simon Property Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=146.61/20.2
=7.26

* 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.

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

For example, Simon Property Group'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)
=4.426/131.7762*131.7762
=4.426

Current CPI (Mar. 2024) = 131.7762.

Simon Property Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.804 100.560 4.985
201409 3.973 100.428 5.213
201412 4.174 99.070 5.552
201503 3.909 99.621 5.171
201506 4.345 100.684 5.687
201509 4.267 100.392 5.601
201512 4.462 99.792 5.892
201603 4.320 100.470 5.666
201606 4.197 101.688 5.439
201609 4.319 101.861 5.587
201612 4.546 101.863 5.881
201703 4.302 102.862 5.511
201706 4.370 103.349 5.572
201709 4.515 104.136 5.713
201712 4.557 104.011 5.773
201803 4.489 105.290 5.618
201806 4.477 106.317 5.549
201809 4.539 106.507 5.616
201812 4.727 105.998 5.877
201903 4.702 107.251 5.777
201906 4.526 108.070 5.519
201909 4.610 108.329 5.608
201912 4.851 108.420 5.896
202003 4.415 108.902 5.342
202006 3.472 108.767 4.206
202009 3.467 109.815 4.160
202012 3.573 109.897 4.284
202103 3.774 111.754 4.450
202106 3.817 114.631 4.388
202109 3.945 115.734 4.492
202112 4.035 117.630 4.520
202203 3.944 121.301 4.285
202206 3.897 125.017 4.108
202209 4.020 125.227 4.230
202212 4.282 125.222 4.506
202303 4.132 127.348 4.276
202306 4.186 128.729 4.285
202309 4.313 129.860 4.377
202312 4.686 129.419 4.771
202403 4.426 131.776 4.426

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.


Simon Property Group  (LTS:0L6P) 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.


Simon Property Group Cyclically Adjusted PS Ratio Related Terms

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


Simon Property Group (LTS:0L6P) Business Description

Address
225 West Washington Street, Indianapolis, IN, USA, 46204
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries.

Simon Property Group (LTS:0L6P) Headlines

No Headlines