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Ready Capital (Ready Capital) Cyclically Adjusted PS Ratio : 1.08 (As of May. 28, 2024)


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What is Ready Capital Cyclically Adjusted PS Ratio?

As of today (2024-05-28), Ready Capital's current share price is $8.35. Ready Capital's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $7.72. Ready Capital's Cyclically Adjusted PS Ratio for today is 1.08.

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

RC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.08   Med: 1.5   Max: 2.26
Current: 1.08

During the past years, Ready Capital's highest Cyclically Adjusted PS Ratio was 2.26. The lowest was 1.08. And the median was 1.50.

RC's Cyclically Adjusted PS Ratio is ranked better than
92.24% of 490 companies
in the REITs industry
Industry Median: 4.985 vs RC: 1.08

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.

Ready Capital's adjusted revenue per share data for the three months ended in Mar. 2024 was $-0.389. 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 $7.72 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ready Capital Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Ready Capital'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.

Ready Capital Cyclically Adjusted PS Ratio Chart

Ready Capital 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 - - 2.21 1.49 1.33

Ready Capital 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 1.34 1.44 1.28 1.33 1.18

Competitive Comparison of Ready Capital's Cyclically Adjusted PS Ratio

For the REIT - Mortgage subindustry, Ready Capital'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.


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

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

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



Ready Capital 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.

Ready Capital's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.35/7.72
=1.08

* 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.

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

For example, Ready Capital'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)
=-0.389/131.7762*131.7762
=-0.389

Current CPI (Mar. 2024) = 131.7762.

Ready Capital Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.726 100.560 3.572
201409 0.529 100.428 0.694
201412 5.902 99.070 7.850
201503 1.783 99.621 2.359
201506 1.845 100.684 2.415
201509 1.323 100.392 1.737
201512 9.402 99.792 12.415
201603 1.019 100.470 1.337
201606 1.000 101.688 1.296
201609 0.980 101.861 1.268
201612 1.633 101.863 2.113
201703 1.177 102.862 1.508
201706 1.205 103.349 1.536
201709 1.213 104.136 1.535
201712 2.548 104.011 3.228
201803 1.457 105.290 1.824
201806 1.596 106.317 1.978
201809 1.609 106.507 1.991
201812 0.938 105.998 1.166
201903 0.981 107.251 1.205
201906 1.071 108.070 1.306
201909 1.202 108.329 1.462
201912 1.433 108.420 1.742
202003 0.829 108.902 1.003
202006 2.405 108.767 2.914
202009 2.101 109.815 2.521
202012 1.779 109.897 2.133
202103 1.870 111.754 2.205
202106 1.587 114.631 1.824
202109 1.836 115.734 2.090
202112 -0.740 117.630 -0.829
202203 1.389 121.301 1.509
202206 0.864 125.017 0.911
202209 1.106 125.227 1.164
202212 0.005 125.222 0.005
202303 0.660 127.348 0.683
202306 0.858 128.729 0.878
202309 0.674 129.860 0.684
202312 0.349 129.419 0.355
202403 -0.389 131.776 -0.389

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.


Ready Capital  (NYSE:RC) 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.


Ready Capital Cyclically Adjusted PS Ratio Related Terms

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


Ready Capital (Ready Capital) Business Description

Industry
Traded in Other Exchanges
Address
1251 Avenue of the Americas, 50th Floor, New York, NY, USA, 10020
Ready Capital Corp is a real estate finance company. It acquires, manages, originates, and finances small-balance commercial loans to purchase small multi-family, office, retail, mixed-use, or warehouse properties. The company's segments consist of SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. Its objective is to provide attractive risk-adjusted returns through dividends and through capital appreciation.
Executives
Thomas E Capasse director, officer: Chairman of the Board and CEO SUTHERLAND ASSET MANAGEMENT CORPORATION, 1185 AVENUE OF THE AMERICAS, 18TH FLOOR, NEW YORK NY 10036
Pinkie Dent Mayfield director 1420 FIFTH AVENUE, SUITE 2000, SEATTLE WA 98101
Daniel J. Hirsch director 748 DIAMOND STREET, SAN FRANCISCO CA 94114
Kevin M Luebbers director 850 RIDGE LAKE BLVD, STE 300, MEMPHIS TN 38120
Gilbert E Nathan director C/O EMERGENT CAPITAL, INC., 5355 TOWN CENTER ROAD, SUITE 701, BOCA RATON FL 33486
Dominique Mielle director C/O ANWORTH MORTGAGE ASSET CORPORATION, 1299 OCEAN AVENUE, SECOND FLOOR, SANTA MONICA CA 90401
Meredith Marshall director 50 RIVERSIDE BLVD, APT 14C, NEW YORK NY 10069
Andrew Ahlborn officer: Chief Financial Officer C/O READY CAPITAL CORPORATION, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036
Erving Julius W Ii director DR J ENTERPRISES LLC, 3355 LENOX ROAD NE SUITE 750, ATLANTA GA 30326
Andrea Petro director C/O READY CAPITAL CORPORATION, 1251 AVENUE OF THE AMERICAS, 50TH FL., NEW YORK NY 10020
Adam Zausmer officer: Chief Credit Officer C/O READY CAPITAL CORPORATION, 1251 AVENUE OF THE AMERICAS, 50TH FLOOR, NEW YORK NY 10020
Gary Taylor officer: Chief Operating Officer C/O READY CAPITAL CORPORATION, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036
J Mitchell Reese director 210 MONTEREY DR. S., VERO BEACH FL 32963
Todd M. Sinai director C/O SUTHERLAND ASSET MANAGEMENT CORP, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036
Thomas Buttacavoli officer: Chief Investment Officer C/O SUTHERLAND ASSET MANAGEMENT CORP., 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036