GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Prologis Inc (NYSE:PLD) » Definitions » Cyclically Adjusted PS Ratio

Prologis (Prologis) Cyclically Adjusted PS Ratio : 16.13 (As of Apr. 28, 2024)


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

What is Prologis Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Prologis's current share price is $104.06. Prologis's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $6.45. Prologis's Cyclically Adjusted PS Ratio for today is 16.13.

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

PLD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.51   Med: 14.11   Max: 32.07
Current: 16.13

During the past years, Prologis's highest Cyclically Adjusted PS Ratio was 32.07. The lowest was 5.51. And the median was 14.11.

PLD's Cyclically Adjusted PS Ratio is ranked worse than
94.9% of 490 companies
in the REITs industry
Industry Median: 4.995 vs PLD: 16.13

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 adjusted revenue per share data for the three months ended in Mar. 2024 was $2.051. 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 $6.45 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Prologis Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Prologis'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.

Prologis Cyclically Adjusted PS Ratio Chart

Prologis 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 19.53 20.96 32.06 19.49 20.97

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 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 21.01 19.94 17.83 20.97 20.19

Competitive Comparison of Prologis's Cyclically Adjusted PS Ratio

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 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=104.06/6.45
=16.13

* 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.

Prologis's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

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)
=2.051/129.4194*129.4194
=2.051

Current CPI (Mar. 2024) = 129.4194.

Prologis Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.891 100.560 1.147
201409 0.804 100.428 1.036
201412 0.879 99.070 1.148
201503 0.875 99.621 1.137
201506 0.962 100.684 1.237
201509 1.091 100.392 1.406
201512 1.186 99.792 1.538
201603 1.115 100.470 1.436
201606 1.104 101.688 1.405
201609 1.288 101.861 1.636
201612 1.125 101.863 1.429
201703 1.144 102.862 1.439
201706 1.388 103.349 1.738
201709 1.088 104.136 1.352
201712 1.118 104.011 1.391
201803 1.252 105.290 1.539
201806 1.120 106.317 1.363
201809 1.142 106.507 1.388
201812 1.232 105.998 1.504
201903 1.180 107.251 1.424
201906 1.206 108.070 1.444
201909 1.438 108.329 1.718
201912 1.261 108.420 1.505
202003 1.351 108.902 1.606
202006 1.653 108.767 1.967
202009 1.416 109.815 1.669
202012 1.454 109.897 1.712
202103 1.501 111.754 1.738
202106 1.505 114.631 1.699
202109 1.547 115.734 1.730
202112 1.669 117.630 1.836
202203 1.593 121.301 1.700
202206 1.634 125.017 1.692
202209 2.285 125.227 2.362
202212 1.847 125.222 1.909
202303 1.858 127.348 1.888
202306 2.575 128.729 2.589
202309 2.011 129.860 2.004
202312 1.984 129.419 1.984
202403 2.051 129.419 2.051

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.


Prologis  (NYSE:PLD) 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.


Prologis Cyclically Adjusted PS Ratio Related Terms

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


Prologis (Prologis) Business Description

Industry
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.
Executives
James B. Connor director 600 E 96TH ST, #100, INDIANAPOLIS IN 46240
George L Fotiades director 281 SUMMIT AVENUE, SUMMIT NJ 07901
Daniel Letter officer: President PIER 1, BAY 1, SAN FRANCISCO CA 94111
David P Oconnor director C/O HIGH RISE, 325 NORTH AVENUE E, WESTFIELD NJ 07090
Avid Modjtabai director 420 MONTGOMERY STREET, 12TH FLOOR, SAN FRANCISCO CA 94104
Lyons Irving F Iii director C/O ESSEX PROPERTY TRUST, INC., 925 E. MEADOW DRIVE, PALO ALTO CA 94303
Timothy D Arndt officer: Chief Financial Officer PIER 1, BAY 1, SAN FRANCISCO CA 94111
William D Zollars director 10777 BARKLEY, PO BOX 7563, OVERLAND PARK KS 66207-0563
Hamid R Moghadam director, officer: Chairman & CEO PIER 1, BAY 1, SAN FRANCISCO CA 94111
Lydia H Kennard director 155 N LAKE AVE, PASADENA CA 91101
Jeffrey L Skelton director
Eugene F Reilly officer: Executive Vice President C/O AMB PROPERTY CORP, PIER I BAY 1, SAN FRANCISCO CA 94111
Thomas S Olinger officer: Chief Financial Officer C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Philip L Hawkins director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Edward S Nekritz officer: Chief Legal Off./Gen. Counsel KATE MEADE, 14100 E 35TH PL, AURORA CO 80011

Prologis (Prologis) Headlines