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Prologis (BSP:P1LD34) Cyclically Adjusted Revenue per Share : R$2.74 (As of Mar. 2024)


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What is Prologis Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Prologis's adjusted revenue per share for the three months ended in Mar. 2024 was R$0.851. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is R$2.74 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Prologis's average Cyclically Adjusted Revenue Growth Rate was 10.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 10.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -0.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Prologis was 10.10% per year. The lowest was -7.10% per year. And the median was -2.25% per year.

As of today (2024-05-24), Prologis's current stock price is R$45.82. Prologis's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$2.74. Prologis's Cyclically Adjusted PS Ratio of today is 16.72.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Prologis was 32.07. The lowest was 5.51. And the median was 14.36.


Prologis Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Prologis's Cyclically Adjusted Revenue per Share 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.

Prologis Cyclically Adjusted Revenue per Share Chart

Prologis Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2.04 2.42 2.59 2.58

Prologis Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share 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 2.49 2.43 2.64 2.58 2.74

Competitive Comparison of Prologis's Cyclically Adjusted Revenue per Share

For the REIT - Industrial subindustry, Prologis'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.


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

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

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



Prologis Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Prologis'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)
=0.851/131.7762*131.7762
=0.851

Current CPI (Mar. 2024) = 131.7762.

Prologis Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.166 100.560 0.218
201409 0.157 100.428 0.206
201412 0.194 99.070 0.258
201503 0.229 99.621 0.303
201506 0.249 100.684 0.326
201509 0.355 100.392 0.466
201512 0.383 99.792 0.506
201603 0.344 100.470 0.451
201606 0.315 101.688 0.408
201609 0.349 101.861 0.451
201612 0.315 101.863 0.408
201703 0.298 102.862 0.382
201706 0.381 103.349 0.486
201709 0.284 104.136 0.359
201712 0.307 104.011 0.389
201803 0.342 105.290 0.428
201806 0.352 106.317 0.436
201809 0.391 106.507 0.484
201812 0.399 105.998 0.496
201903 0.378 107.251 0.464
201906 0.387 108.070 0.472
201909 0.494 108.329 0.601
201912 0.431 108.420 0.524
202003 0.550 108.902 0.666
202006 0.715 108.767 0.866
202009 0.637 109.815 0.764
202012 0.623 109.897 0.747
202103 0.705 111.754 0.831
202106 0.631 114.631 0.725
202109 0.680 115.734 0.774
202112 0.787 117.630 0.882
202203 0.660 121.301 0.717
202206 0.688 125.017 0.725
202209 0.998 125.227 1.050
202212 0.807 125.222 0.849
202303 0.807 127.348 0.835
202306 1.042 128.729 1.067
202309 0.828 129.860 0.840
202312 0.810 129.419 0.825
202403 0.851 131.776 0.851

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Prologis  (BSP:P1LD34) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Prologis's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=45.82/2.74
=16.72

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Prologis was 32.07. The lowest was 5.51. And the median was 14.36.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Prologis Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Prologis's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Prologis (BSP:P1LD34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Prologis Inc (BSP:P1LD34) » Definitions » Cyclically Adjusted Revenue per Share
Address
Pier 1, Bay 1, San Francisco, CA, USA, 94111
Prologis was formed by the June 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.2 billion square feet of high-quality industrial and logistics facilities across the globe. The company also has a strategic capital business segment that has around $60 billion of third-party AUM. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.

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