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First Capital REIT (First Capital REIT) Cyclically Adjusted Revenue per Share : $2.57 (As of Mar. 2024)


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What is First Capital REIT 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.

First Capital REIT's adjusted revenue per share for the three months ended in Mar. 2024 was $0.631. 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 $2.57 for the trailing ten years ended in Mar. 2024.

During the past 12 months, First Capital REIT's average Cyclically Adjusted Revenue Growth Rate was 1.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 1.20% 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 First Capital REIT was 4.00% per year. The lowest was -10.50% per year. And the median was 0.30% per year.

As of today (2024-05-26), First Capital REIT's current stock price is $11.2366. First Capital REIT's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $2.57. First Capital REIT's Cyclically Adjusted PS Ratio of today is 4.37.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of First Capital REIT was 7.48. The lowest was 3.64. And the median was 5.91.


First Capital REIT Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for First Capital REIT'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.

First Capital REIT Cyclically Adjusted Revenue per Share Chart

First Capital REIT 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 2.37 2.67 2.53 2.51 2.62

First Capital REIT 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 2.53 2.54 2.56 2.62 2.57

Competitive Comparison of First Capital REIT's Cyclically Adjusted Revenue per Share

For the REIT - Retail subindustry, First Capital 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.


First Capital REIT's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



First Capital REIT 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, First Capital REIT'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)
=0.631/126.2576*126.2576
=0.631

Current CPI (Mar. 2024) = 126.2576.

First Capital REIT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.644 99.473 0.817
201409 0.684 99.394 0.869
201412 0.620 98.367 0.796
201503 0.580 99.789 0.734
201506 0.557 100.500 0.700
201509 0.537 100.421 0.675
201512 0.530 99.947 0.670
201603 0.522 101.054 0.652
201606 0.534 102.002 0.661
201609 0.511 101.765 0.634
201612 0.508 101.449 0.632
201703 0.522 102.634 0.642
201706 0.516 103.029 0.632
201709 0.559 103.345 0.683
201712 0.559 103.345 0.683
201803 0.566 105.004 0.681
201806 0.563 105.557 0.673
201809 0.551 105.636 0.659
201812 0.537 105.399 0.643
201903 0.571 106.979 0.674
201906 0.642 107.690 0.753
201909 0.633 107.611 0.743
201912 0.633 107.769 0.742
202003 0.572 107.927 0.669
202006 0.545 108.401 0.635
202009 0.550 108.164 0.642
202012 0.602 108.559 0.700
202103 0.612 110.298 0.701
202106 0.619 111.720 0.700
202109 0.592 112.905 0.662
202112 0.606 113.774 0.672
202203 0.613 117.646 0.658
202206 0.608 120.806 0.635
202209 0.597 120.648 0.625
202212 0.607 120.964 0.634
202303 0.598 122.702 0.615
202306 0.604 124.203 0.614
202309 0.583 125.230 0.588
202312 0.601 125.072 0.607
202403 0.631 126.258 0.631

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


First Capital REIT  (OTCPK:FCXXF) 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.

First Capital REIT's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=11.2366/2.57
=4.37

* 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 First Capital REIT was 7.48. The lowest was 3.64. And the median was 5.91.


Be Aware

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


First Capital REIT Cyclically Adjusted Revenue per Share Related Terms

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


First Capital REIT (First Capital REIT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » First Capital REIT (OTCPK:FCXXF) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
85 Hanna Avenue, Suite 400, King Liberty Village, Toronto, ON, CAN, M6K 3S3
First Capital REIT is a developer, owner and operator of mixed-use urban real estate in Canada's populated centres. The company's focus is on creating thriving neighbourhoods that create value for businesses, residents, communities and investors.