GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Boston Properties Inc (NYSE:BXP) » Definitions » Cyclically Adjusted PS Ratio

Boston Properties (Boston Properties) Cyclically Adjusted PS Ratio : 2.91 (As of Apr. 27, 2024)


View and export this data going back to 1997. Start your Free Trial

What is Boston Properties Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Boston Properties's current share price is $61.51. Boston Properties's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $21.11. Boston Properties's Cyclically Adjusted PS Ratio for today is 2.91.

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

BXP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.31   Med: 8.17   Max: 10.73
Current: 2.91

During the past years, Boston Properties's highest Cyclically Adjusted PS Ratio was 10.73. The lowest was 2.31. And the median was 8.17.

BXP's Cyclically Adjusted PS Ratio is ranked better than
72.24% of 490 companies
in the REITs industry
Industry Median: 4.995 vs BXP: 2.91

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.

Boston Properties's adjusted revenue per share data for the three months ended in Dec. 2023 was $5.271. 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 $21.11 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boston Properties Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Boston Properties'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.

Boston Properties Cyclically Adjusted PS Ratio Chart

Boston Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.48 5.58 6.20 3.35 3.32

Boston Properties Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.35 2.62 2.75 2.81 3.32

Competitive Comparison of Boston Properties's Cyclically Adjusted PS Ratio

For the REIT - Office subindustry, Boston Properties'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.


Boston Properties's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Boston Properties 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.

Boston Properties's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=61.51/21.11
=2.91

* 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.

Boston Properties's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Boston Properties's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=5.271/129.4194*129.4194
=5.271

Current CPI (Dec. 2023) = 129.4194.

Boston Properties Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 3.752 99.695 4.871
201406 3.849 100.560 4.954
201409 4.037 100.428 5.202
201412 3.997 99.070 5.221
201503 4.019 99.621 5.221
201506 4.019 100.684 5.166
201509 4.096 100.392 5.280
201512 4.056 99.792 5.260
201603 4.327 100.470 5.574
201606 4.053 101.688 5.158
201609 4.056 101.861 5.153
201612 4.130 101.863 5.247
201703 4.100 102.862 5.159
201706 4.256 103.349 5.330
201709 4.258 104.136 5.292
201712 4.240 104.011 5.276
201803 4.274 105.290 5.254
201806 4.299 106.317 5.233
201809 4.437 106.507 5.392
201812 4.556 105.998 5.563
201903 4.687 107.251 5.656
201906 4.738 108.070 5.674
201909 4.803 108.329 5.738
201912 4.887 108.420 5.834
202003 4.847 108.902 5.760
202006 4.213 108.767 5.013
202009 4.453 109.815 5.248
202012 4.271 109.897 5.030
202103 4.572 111.754 5.295
202106 4.561 114.631 5.149
202109 4.662 115.734 5.213
202112 4.677 117.630 5.146
202203 4.804 121.301 5.126
202206 4.923 125.017 5.096
202209 5.031 125.227 5.199
202212 5.027 125.222 5.196
202303 5.115 127.348 5.198
202306 5.198 128.729 5.226
202309 5.254 129.860 5.236
202312 5.271 129.419 5.271

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.


Boston Properties  (NYSE:BXP) 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.


Boston Properties Cyclically Adjusted PS Ratio Related Terms

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


Boston Properties (Boston Properties) Business Description

Industry
Traded in Other Exchanges
Address
800 Boylston Street, Suite 1900, Prudential Center, Boston, MA, USA, 02199-8103
Boston Properties owns over 190 properties consisting of approximately 54 million rentable square feet of space. The portfolio is dominated by office buildings and is spread across major cities such as New York, Boston, San Francisco, Los Angeles, Seattle, and the Washington, D.C., region. The real estate investment trust also owns limited retail, hotel, and residential properties.
Executives
Eric G Kevorkian officer: SVP, CLO and Secretary 800 BOYLSTON STREET, SUITE 1900, BOSTON MA 02199
Rodney Diehl officer: Senior Vice President FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94549
Raymond A Ritchey officer: Executive Vice President BOSTON PROPERTIES, INC., 901 NEW YORK AVENUE, NW, WASHINGTON DC 20001
Peter V Otteni officer: Senior Vice President 2200 PENNSYLVANIA AVENUE NW, SUITE 200W, WASHINGTON DC 20037
Carol B. Einiger director POST ROCK ADVISORS, LLC, ONE ROCKEFELLER PLAZA, 28TH FLOOR, NEW YORK NY 10020
Tony West director 1455 MARKET STREET, 4TH FLOOR, SAN FRANCISCO CA 94103
Matthew J Lustig director LAZARD FRERES & CO LLC, 30 ROCKEFELLER PLZA 50TH FL, NEW YORK NY 10020
Donna D Garesche officer: EVP, Chief HR Officer C/O BOSTON PROPERTIES, INC., 800 BOYLSTON STREET, BOSTON MA 02199
Hilary J. Spann officer: Executive Vice President 599 LEXINGTON AVENUE, 16TH FLOOR, NEW YORK NY 10022
Mary E Kipp director 100 N STANTON, EL PASO TX 79901
Douglas T Linde officer: SVP & CFO BOSTON PROPERTIES, INC., 800 BOYLSTON STREET, BOSTON MA 02199
Frank D Burt officer: Senior Vice President BOSTON PROPERTIES, INC., 800 BOYLSTON STREET, BOSTON MA 02199
John J Stroman officer: Senior Vice President 2200 PENNSYLVANIA AVENUE NW, SUITE 200W, WASHINGTON DC 20037
Bryan J Koop officer: Senior Vice President BOSTON PROPERTIES, INC., 800 BOYLSTON STREET, BOSTON MA 02199
Bruce W Duncan director ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606

Boston Properties (Boston Properties) Headlines