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Ayala Land (PHS:ALI) Cyclically Adjusted PS Ratio : 2.80 (As of May. 26, 2024)


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What is Ayala Land Cyclically Adjusted PS Ratio?

As of today (2024-05-26), Ayala Land's current share price is ₱28.85. Ayala Land's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was ₱10.30. Ayala Land's Cyclically Adjusted PS Ratio for today is 2.80.

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

PHS:ALI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.45   Med: 4.34   Max: 8.35
Current: 2.8

During the past years, Ayala Land's highest Cyclically Adjusted PS Ratio was 8.35. The lowest was 2.45. And the median was 4.34.

PHS:ALI's Cyclically Adjusted PS Ratio is ranked worse than
63.01% of 1368 companies
in the Real Estate industry
Industry Median: 1.74 vs PHS:ALI: 2.80

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.

Ayala Land's adjusted revenue per share data for the three months ended in Mar. 2024 was ₱2.678. 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 ₱10.30 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ayala Land Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Ayala Land'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.

Ayala Land Cyclically Adjusted PS Ratio Chart

Ayala Land 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 6.21 5.28 4.28 3.26 3.43

Ayala Land 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 2.75 2.48 2.96 3.43 3.13

Competitive Comparison of Ayala Land's Cyclically Adjusted PS Ratio

For the Real Estate - Development subindustry, Ayala Land'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.


Ayala Land's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

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

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



Ayala Land 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.

Ayala Land's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=28.85/10.3
=2.80

* 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.

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

For example, Ayala Land'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)
=2.678/131.7762*131.7762
=2.678

Current CPI (Mar. 2024) = 131.7762.

Ayala Land Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.592 100.560 2.086
201409 1.452 100.428 1.905
201412 1.826 99.070 2.429
201503 1.609 99.621 2.128
201506 1.614 100.684 2.112
201509 1.541 100.392 2.023
201512 2.449 99.792 3.234
201603 1.738 100.470 2.280
201606 1.748 101.688 2.265
201609 1.965 101.861 2.542
201612 2.913 101.863 3.768
201703 2.027 102.862 2.597
201706 2.074 103.349 2.644
201709 2.231 104.136 2.823
201712 2.950 104.011 3.737
201803 2.381 105.290 2.980
201806 2.716 106.317 3.366
201809 2.524 106.507 3.123
201812 3.388 105.998 4.212
201903 2.557 107.251 3.142
201906 2.893 108.070 3.528
201909 2.531 108.329 3.079
201912 3.149 108.420 3.827
202003 1.871 108.902 2.264
202006 0.848 108.767 1.027
202009 1.400 109.815 1.680
202012 2.254 109.897 2.703
202103 1.570 111.754 1.851
202106 1.600 114.631 1.839
202109 1.565 115.734 1.782
202112 2.265 117.630 2.537
202203 1.606 121.301 1.745
202206 1.887 125.017 1.989
202209 2.121 125.227 2.232
202212 2.744 125.222 2.888
202303 2.002 127.348 2.072
202306 2.250 128.729 2.303
202309 2.124 129.860 2.155
202312 3.345 129.419 3.406
202403 2.678 131.776 2.678

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.


Ayala Land  (PHS:ALI) 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.


Ayala Land Cyclically Adjusted PS Ratio Related Terms

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


Ayala Land (PHS:ALI) Business Description

Industry
Traded in Other Exchanges
Address
Ayala Triangle, Ayala Avenue, 31st Floor, Tower One and Exchange Plaza, Makati City, PHL, 1226
Ayala Land is a real estate conglomerate operating in the Philippines that plans and develops large-scale, integrated estates. Ayala develops commercial and industrial parks and engages in property management and construction. The company operates in seven business segments: Property Development; International; Shopping Centers; Offices; Hotels and Resorts; Construction; Property Management and Others. The majority of revenue gets derived from the Property development segment that engages in the sale of high-end and upper-middle-income residential lots and units, affordable housing units and lots, economic housing, and leisure community developments.

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