GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mapletree Industrial Trust (SGX:ME8U) » Definitions » Cyclically Adjusted PS Ratio

Mapletree Industrial Trust (SGX:ME8U) Cyclically Adjusted PS Ratio : 9.61 (As of May. 26, 2024)


View and export this data going back to 2010. Start your Free Trial

What is Mapletree Industrial Trust Cyclically Adjusted PS Ratio?

As of today (2024-05-26), Mapletree Industrial Trust's current share price is S$2.21. Mapletree Industrial Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was S$0.23. Mapletree Industrial Trust's Cyclically Adjusted PS Ratio for today is 9.61.

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

SGX:ME8U' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.05   Med: 11.52   Max: 17.15
Current: 9.7

During the past years, Mapletree Industrial Trust's highest Cyclically Adjusted PS Ratio was 17.15. The lowest was 8.05. And the median was 11.52.

SGX:ME8U's Cyclically Adjusted PS Ratio is ranked worse than
82.21% of 489 companies
in the REITs industry
Industry Median: 4.97 vs SGX:ME8U: 9.70

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.

Mapletree Industrial Trust's adjusted revenue per share data for the three months ended in Dec. 2023 was S$0.058. 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 S$0.23 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mapletree Industrial Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Mapletree Industrial Trust'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.

Mapletree Industrial Trust Cyclically Adjusted PS Ratio Chart

Mapletree Industrial Trust Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 9.17 14.20 12.69 10.56

Mapletree Industrial Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 10.11 10.56 9.75 9.88 11.01

Competitive Comparison of Mapletree Industrial Trust's Cyclically Adjusted PS Ratio

For the REIT - Industrial subindustry, Mapletree Industrial Trust'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.


Mapletree Industrial Trust's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mapletree Industrial Trust's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Mapletree Industrial Trust's Cyclically Adjusted PS Ratio falls into.



Mapletree Industrial Trust 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.

Mapletree Industrial Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.21/0.23
=9.61

* 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.

Mapletree Industrial Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Mapletree Industrial Trust's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.058/129.4194*129.4194
=0.058

Current CPI (Dec. 2023) = 129.4194.

Mapletree Industrial Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.035 99.695 0.045
201406 0.046 100.560 0.059
201409 0.045 100.428 0.058
201412 0.045 99.070 0.059
201503 0.036 99.621 0.047
201506 0.046 100.684 0.059
201509 0.047 100.392 0.061
201512 0.047 99.792 0.061
201603 0.047 100.470 0.061
201606 0.047 101.688 0.060
201609 0.047 101.861 0.060
201612 0.045 101.863 0.057
201703 0.049 102.862 0.062
201706 0.049 103.349 0.061
201709 0.051 104.136 0.063
201712 0.049 104.011 0.061
201803 0.034 105.290 0.042
201806 0.048 106.317 0.058
201809 0.049 106.507 0.060
201812 0.049 105.998 0.060
201903 0.037 107.251 0.045
201906 0.049 108.070 0.059
201909 0.050 108.329 0.060
201912 0.046 108.420 0.055
202003 0.047 108.902 0.056
202006 0.037 108.767 0.044
202009 0.039 109.815 0.046
202012 0.047 109.897 0.055
202103 0.056 111.754 0.065
202106 0.049 114.631 0.055
202109 0.053 115.734 0.059
202112 0.055 117.630 0.061
202203 0.056 121.301 0.060
202206 0.055 125.017 0.057
202209 0.057 125.227 0.059
202212 0.057 125.222 0.059
202303 0.057 127.348 0.058
202306 0.058 128.729 0.058
202309 0.058 129.860 0.058
202312 0.058 129.419 0.058

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.


Mapletree Industrial Trust  (SGX:ME8U) 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.


Mapletree Industrial Trust Cyclically Adjusted PS Ratio Related Terms

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


Mapletree Industrial Trust (SGX:ME8U) Business Description

Traded in Other Exchanges
Address
10 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438
Mapletree Industrial Trust is a real estate investment trust focusing on industrial properties and data centers. Its property portfolio consists of 85 properties in Singapore and 56 properties in North America (including 13 data centers held through a joint venture with its sponsor, Mapletree Investments Private Limited). Types of property owned includes data centers, high-tech buildings, business parks and general industrial. The trust is externally managed by Mapletree Industrial Trust Management Limited, a subsidiary of its sponsor, which owns around 31% stake in the trust.

Mapletree Industrial Trust (SGX:ME8U) Headlines

No Headlines