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Tokyu Reit (TSE:8957) Cyclically Adjusted PS Ratio : 8.98 (As of May. 26, 2024)


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What is Tokyu Reit Cyclically Adjusted PS Ratio?

As of today (2024-05-26), Tokyu Reit's current share price is 円158200.00. Tokyu Reit's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jul23 was 円17,615.00. Tokyu Reit's Cyclically Adjusted PS Ratio for today is 8.98.

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

TSE:8957' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.02   Med: 9.2   Max: 13.03
Current: 8.98

During the past 13 years, Tokyu Reit's highest Cyclically Adjusted PS Ratio was 13.03. The lowest was 5.02. And the median was 9.20.

TSE:8957's Cyclically Adjusted PS Ratio is ranked worse than
78.12% of 489 companies
in the REITs industry
Industry Median: 4.97 vs TSE:8957: 8.98

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.

Tokyu Reit's adjusted revenue per share data of for the fiscal year that ended in Jul23 was 円20,701.873. 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17,615.00 for the trailing ten years ended in Jul23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokyu Reit Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tokyu 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.

Tokyu Reit Cyclically Adjusted PS Ratio Chart

Tokyu Reit Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.85 8.32 12.85 11.67 10.68

Tokyu Reit Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 - 11.67 - 10.68 -

Competitive Comparison of Tokyu Reit's Cyclically Adjusted PS Ratio

For the REIT - Diversified subindustry, Tokyu 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.


Tokyu Reit's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Tokyu 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.

Tokyu Reit's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=158200.00/17615
=8.98

* 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.

Tokyu Reit's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jul23 is calculated as:

For example, Tokyu Reit's adjusted Revenue per Share data for the fiscal year that ended in Jul23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jul23 (Change)*Current CPI (Jul23)
=20701.873/105.7000*105.7000
=20,701.873

Current CPI (Jul23) = 105.7000.

Tokyu Reit Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201407 15,016.208 98.100 16,179.543
201507 15,005.337 98.300 16,134.935
201607 17,167.016 97.900 18,534.766
201707 14,758.850 98.300 15,869.893
201807 14,470.294 99.200 15,418.448
201907 15,225.337 99.800 16,125.432
202007 16,694.493 100.000 17,646.079
202107 17,052.619 99.700 18,078.855
202207 20,769.920 102.300 21,460.220
202307 20,701.873 105.700 20,701.873

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.


Tokyu Reit  (TSE:8957) 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.


Tokyu Reit Cyclically Adjusted PS Ratio Related Terms

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


Tokyu Reit (TSE:8957) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1-12-1, Dogenzaka, Tokyo, JPN
Tokyu Reit Inc is a Japanese real estate company. It is engaged in asset investment and management based on principles of growth, stability, and transparency. The company invests predominantly in retail and office properties located in Chiyoda, Chuo, Minato, Shinjuku and Shibuya wards. It also conducts replacement of properties and other measures as needed in order to maintain and improve the portfolio quality, aiming to enhance its asset value and increase net income per unit.

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