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As of today (2024-06-10), Agree Realty's current share price is $61.15. Agree Realty's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $5.44. Agree Realty's Cyclically Adjusted PS Ratio for today is 11.24.
The historical rank and industry rank for Agree Realty's Cyclically Adjusted PS Ratio or its related term are showing as below:
During the past years, Agree Realty's highest Cyclically Adjusted PS Ratio was 19.95. The lowest was 6.05. And the median was 12.37.
ADC's Cyclically Adjusted PS Ratio is ranked worse thanThe 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.
Agree Realty's adjusted revenue per share data for the three months ended in Mar. 2024 was $1.490. 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 $5.44 for the trailing ten years ended in Mar. 2024.
The historical data trend for Agree Realty'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.
Agree Realty 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 | 13.38 | 12.54 | 10.44 | 11.87 | 10.51 |
For the REIT - Retail subindustry, Agree Realty'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.
For the REITs industry and Real Estate sector, Agree Realty's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Agree Realty's Cyclically Adjusted PS Ratio falls into.
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.
Agree Realty's Cyclically Adjusted PS Ratio for today is calculated as
Cyclically Adjusted PS Ratio | = | Share Price | / | Cyclically Adjusted Revenue per Share |
= | 61.15 | / | 5.44 | |
= | 11.24 |
* 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.
Agree Realty's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:
For example, Agree Realty'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) |
= | 1.49 | / | 131.7762 | * | 131.7762 | |
= | 1.490 |
Current CPI (Mar. 2024) = 131.7762.
Agree Realty Quarterly Data
Revenue per Share | CPI | Adj_RevenuePerShare | |
201406 | 0.873 | 100.560 | 1.144 |
201409 | 0.931 | 100.428 | 1.222 |
201412 | 0.923 | 99.070 | 1.228 |
201503 | 0.904 | 99.621 | 1.196 |
201506 | 0.979 | 100.684 | 1.281 |
201509 | 0.988 | 100.392 | 1.297 |
201512 | 1.002 | 99.792 | 1.323 |
201603 | 0.988 | 100.470 | 1.296 |
201606 | 0.981 | 101.688 | 1.271 |
201609 | 1.025 | 101.861 | 1.326 |
201612 | 0.994 | 101.863 | 1.286 |
201703 | 1.021 | 102.862 | 1.308 |
201706 | 1.060 | 103.349 | 1.352 |
201709 | 1.060 | 104.136 | 1.341 |
201712 | 0.895 | 104.011 | 1.134 |
201803 | 1.048 | 105.290 | 1.312 |
201806 | 1.062 | 106.317 | 1.316 |
201809 | 1.055 | 106.507 | 1.305 |
201812 | 1.070 | 105.998 | 1.330 |
201903 | 1.105 | 107.251 | 1.358 |
201906 | 1.092 | 108.070 | 1.332 |
201909 | 1.136 | 108.329 | 1.382 |
201912 | 1.212 | 108.420 | 1.473 |
202003 | 1.225 | 108.902 | 1.482 |
202006 | 1.080 | 108.767 | 1.308 |
202009 | 1.170 | 109.815 | 1.404 |
202012 | 1.272 | 109.897 | 1.525 |
202103 | 1.237 | 111.754 | 1.459 |
202106 | 1.266 | 114.631 | 1.455 |
202109 | 1.258 | 115.734 | 1.432 |
202112 | 1.293 | 117.630 | 1.449 |
202203 | 1.379 | 121.301 | 1.498 |
202206 | 1.388 | 125.017 | 1.463 |
202209 | 1.366 | 125.227 | 1.437 |
202212 | 1.310 | 125.222 | 1.379 |
202303 | 1.398 | 127.348 | 1.447 |
202306 | 1.395 | 128.729 | 1.428 |
202309 | 1.405 | 129.860 | 1.426 |
202312 | 1.434 | 129.419 | 1.460 |
202403 | 1.490 | 131.776 | 1.490 |
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.
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.
Thank you for viewing the detailed overview of Agree Realty's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard Agree | officer: Chief Executive Officer | 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48334 |
John Jr Rakolta | director | 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304 |
Greg Lehmkuhl | director | 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304 |
Joey Agree | officer: Chief Operating Officer | 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48034 |
Craig Erlich | officer: CHIEF OPERATING OFFICER | 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304-2324 |
Peter Coughenour | officer: CHIEF FINANCIAL OFFICER | 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304 |
Stephen Breslin | officer: Chief Accounting Officer | 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304 |
David A. Wolff | officer: CHIEF ACCOUNTING OFFICER | 70 E. LONG LAKE RD., BLOOMFIELD HILLS MI 48304-2324 |
Karen Dearing | director | 27777 FRANKLIN ROAD, SUITE 200, SOUTHFIELD MI 48034 |
Nicole Witteveen | officer: EVP, PEOPLE & CULTURE | 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304 |
Michael Judlowe | director | 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304 |
Michael Hollman | director | 7930 JONES BRANCH DRIVE, SUITE 1124, MCLEAN VA 22102 |
Jerome R Rossi | director | 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304-2324 |
Danielle M Spehar | officer: GENERAL COUNSEL | 70 E. LONG LAKE RD, BLOOMFIELD HILLS MI 48304 |
Merrie S. Frankel | director | 70 E. LONG LAKE ROAD, BLOOMFIELD HILLS MI 48034 |
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