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Charter Hall Group (ASX:CHC) Cyclically Adjusted PS Ratio : 12.58 (As of May. 14, 2024)


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What is Charter Hall Group Cyclically Adjusted PS Ratio?

As of today (2024-05-14), Charter Hall Group's current share price is A$12.08. Charter Hall Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 was A$0.96. Charter Hall Group's Cyclically Adjusted PS Ratio for today is 12.58.

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

ASX:CHC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 9.11   Med: 27.05   Max: 50.09
Current: 12.65

During the past 13 years, Charter Hall Group's highest Cyclically Adjusted PS Ratio was 50.09. The lowest was 9.11. And the median was 27.05.

ASX:CHC's Cyclically Adjusted PS Ratio is ranked worse than
93.13% of 1368 companies
in the Real Estate industry
Industry Median: 1.745 vs ASX:CHC: 12.65

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.

Charter Hall Group's adjusted revenue per share data of for the fiscal year that ended in Jun23 was A$1.630. 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 A$0.96 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Charter Hall Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Charter Hall Group'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.

Charter Hall Group Cyclically Adjusted PS Ratio Chart

Charter Hall Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.65 24.94 29.80 14.29 11.13

Charter Hall Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - 14.29 - 11.13 -

Competitive Comparison of Charter Hall Group's Cyclically Adjusted PS Ratio

For the Real Estate - Diversified subindustry, Charter Hall 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.


Charter Hall Group's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

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

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



Charter Hall Group 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.

Charter Hall Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.08/0.96
=12.58

* 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.

Charter Hall Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Charter Hall Group's adjusted Revenue per Share data for the fiscal year that ended in Jun23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=1.63/124.1700*124.1700
=1.630

Current CPI (Jun23) = 124.1700.

Charter Hall Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.352 98.352 0.444
201506 0.359 99.838 0.446
201606 0.384 100.859 0.473
201706 0.369 102.809 0.446
201806 0.439 104.945 0.519
201906 0.688 106.617 0.801
202006 1.045 106.246 1.221
202106 1.244 110.332 1.400
202206 2.113 117.112 2.240
202306 1.630 124.170 1.630

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.


Charter Hall Group  (ASX:CHC) 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.


Charter Hall Group Cyclically Adjusted PS Ratio Related Terms

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


Charter Hall Group (ASX:CHC) Business Description

Industry
Traded in Other Exchanges
Address
No.1 Martin Place, Level 20, Sydney, NSW, AUS, 2000
Charter Hall Group's main activity is managing property funds for retail and institutional investors, and listed REITs such as Charter Hall Retail REIT, Charter Hall Social Infrastructure REIT, and Charter Hall Long WALE REIT. More than two thirds of earnings come from funds management and we expect this proportion to increase over time. Strong returns generated substantial performance fees over the last five years, which we expect to moderate due to lower property market returns in future, however regular base fees and intermittent performance fees should continue. Charter Hall co-invests in its funds, so a portion of its earnings come from rent, as well as development fees and development profits on projects that it manages.

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