GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Simon Property Group Inc (LIM:SPG) » Definitions » Cyclically Adjusted Revenue per Share

Simon Property Group (LIM:SPG) Cyclically Adjusted Revenue per Share : $15.63 (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Simon Property Group 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.

Simon Property Group's adjusted revenue per share for the three months ended in Mar. 2024 was $4.426. 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 $15.63 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Simon Property Group's average Cyclically Adjusted Revenue Growth Rate was 2.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 2.30% 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 Simon Property Group was 5.80% per year. The lowest was 0.60% per year. And the median was 1.90% per year.

As of today (2024-05-23), Simon Property Group's current stock price is $147.20. Simon Property Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $15.63. Simon Property Group's Cyclically Adjusted PS Ratio of today is 9.42.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Simon Property Group was 13.70. The lowest was 2.65. And the median was 9.22.


Simon Property Group Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Simon Property Group'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.

Simon Property Group Cyclically Adjusted Revenue per Share Chart

Simon Property Group 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 - - 19.27 19.88 16.88

Simon Property Group 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 21.11 20.65 22.21 16.88 15.63

Competitive Comparison of Simon Property Group's Cyclically Adjusted Revenue per Share

For the REIT - Retail subindustry, Simon Property Group'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.


Simon Property Group's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Simon Property Group 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, Simon Property Group'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)
=4.426/131.7762*131.7762
=4.426

Current CPI (Mar. 2024) = 131.7762.

Simon Property Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.804 100.560 4.985
201409 3.973 100.428 5.213
201412 4.174 99.070 5.552
201503 3.909 99.621 5.171
201506 4.345 100.684 5.687
201509 4.267 100.392 5.601
201512 4.462 99.792 5.892
201603 4.320 100.470 5.666
201606 4.197 101.688 5.439
201609 4.319 101.861 5.587
201612 4.546 101.863 5.881
201703 4.302 102.862 5.511
201706 4.370 103.349 5.572
201709 4.515 104.136 5.713
201712 4.557 104.011 5.773
201803 4.489 105.290 5.618
201806 4.477 106.317 5.549
201809 4.539 106.507 5.616
201812 4.727 105.998 5.877
201903 4.702 107.251 5.777
201906 4.526 108.070 5.519
201909 4.610 108.329 5.608
201912 4.851 108.420 5.896
202003 4.415 108.902 5.342
202006 3.472 108.767 4.206
202009 3.467 109.815 4.160
202012 3.573 109.897 4.284
202103 3.774 111.754 4.450
202106 3.817 114.631 4.388
202109 3.945 115.734 4.492
202112 4.035 117.630 4.520
202203 3.944 121.301 4.285
202206 3.897 125.017 4.108
202209 4.020 125.227 4.230
202212 4.282 125.222 4.506
202303 4.132 127.348 4.276
202306 4.186 128.729 4.285
202309 4.313 129.860 4.377
202312 4.686 129.419 4.771
202403 4.426 131.776 4.426

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


Simon Property Group  (LIM:SPG) 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.

Simon Property Group's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=147.20/15.63
=9.42

* 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 Simon Property Group was 13.70. The lowest was 2.65. And the median was 9.22.


Be Aware

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


Simon Property Group Cyclically Adjusted Revenue per Share Related Terms

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


Simon Property Group (LIM:SPG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Simon Property Group Inc (LIM:SPG) » Definitions » Cyclically Adjusted Revenue per Share
Address
225 West Washington Street, Indianapolis, IN, USA, 46204
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries.

Simon Property Group (LIM:SPG) Headlines