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Nippon Prologis REIT (TSE:3283) Cyclically Adjusted PS Ratio : 12.71 (As of Jun. 10, 2024)


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What is Nippon Prologis REIT Cyclically Adjusted PS Ratio?

As of today (2024-06-10), Nippon Prologis REIT's current share price is 円246600.00. Nippon Prologis REIT's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Nov23 was 円19,405.90. Nippon Prologis REIT's Cyclically Adjusted PS Ratio for today is 12.71.

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

TSE:3283' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 12.66   Med: 13.69   Max: 14.34
Current: 12.71

During the past 10 years, Nippon Prologis REIT's highest Cyclically Adjusted PS Ratio was 14.34. The lowest was 12.66. And the median was 13.69.

TSE:3283's Cyclically Adjusted PS Ratio is ranked worse than
90.45% of 492 companies
in the REITs industry
Industry Median: 4.875 vs TSE:3283: 12.71

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.

Nippon Prologis REIT's adjusted revenue per share data of for the fiscal year that ended in Nov23 was 円21,265.679. 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 円19,405.90 for the trailing ten years ended in Nov23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Prologis REIT Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Nippon Prologis REIT'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.

Nippon Prologis REIT Cyclically Adjusted PS Ratio Chart

Nippon Prologis REIT Annual Data
Trend Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 14.45

Nippon Prologis REIT Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 May23 Nov23
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 - - - - 14.45

Competitive Comparison of Nippon Prologis REIT's Cyclically Adjusted PS Ratio

For the REIT - Industrial subindustry, Nippon Prologis REIT'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.


Nippon Prologis REIT's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Nippon Prologis REIT's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Nippon Prologis REIT's Cyclically Adjusted PS Ratio falls into.



Nippon Prologis REIT 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.

Nippon Prologis REIT's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=246600.00/19405.9
=12.71

* 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.

Nippon Prologis REIT's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Nov23 is calculated as:

For example, Nippon Prologis REIT's adjusted Revenue per Share data for the fiscal year that ended in Nov23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Nov23 (Change)*Current CPI (Nov23)
=21265.679/106.9000*106.9000
=21,265.679

Current CPI (Nov23) = 106.9000.

Nippon Prologis REIT Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201311 14,819.884 95.500 16,588.959
201411 16,361.920 97.900 17,866.080
201511 16,508.356 98.100 17,989.228
201611 16,854.334 98.600 18,273.107
201711 20,789.984 99.100 22,426.330
201811 17,749.561 100.000 18,974.281
201911 18,349.491 100.500 19,518.016
202011 18,915.053 99.500 20,321.801
202111 19,509.875 100.100 20,835.221
202311 21,265.679 106.900 21,265.679

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.


Nippon Prologis REIT  (TSE:3283) 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.


Nippon Prologis REIT Cyclically Adjusted PS Ratio Related Terms

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Nippon Prologis REIT (TSE:3283) Business Description

Traded in Other Exchanges
N/A
Address
Tokyo Building 21F, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6421
Nippon Prologis REIT Inc is a Japanese real estate investment trust primarily involved in owning, operating, and developing logistics facilities in Japan's major urban markets. The company's real estate portfolio is comprised mainly of large, multitenant warehouse facilities located near transportation hubs and population clusters. Nippon Prologis also operates a sizable number of build-to-suit facilities with similar physical specifications to its other buildings. The majority of the company's properties are located in the Greater Tokyo area, while a significant percentage are located in the Greater Osaka area as well. Nippon Prologis derives nearly all of its income from rental revenue. Its customers include a variety of logistics, distribution, transportation, and industrial companies.

Nippon Prologis REIT (TSE:3283) Headlines

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