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Scentre Group (ASX:SCG) Cyclically Adjusted PS Ratio : 5.73 (As of May. 21, 2024)


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What is Scentre Group Cyclically Adjusted PS Ratio?

As of today (2024-05-21), Scentre Group's current share price is A$3.21. Scentre Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was A$0.56. Scentre Group's Cyclically Adjusted PS Ratio for today is 5.73.

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

ASX:SCG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.65   Med: 6.15   Max: 7.52
Current: 5.68

During the past 13 years, Scentre Group's highest Cyclically Adjusted PS Ratio was 7.52. The lowest was 4.65. And the median was 6.15.

ASX:SCG's Cyclically Adjusted PS Ratio is ranked worse than
55.51% of 490 companies
in the REITs industry
Industry Median: 4.985 vs ASX:SCG: 5.68

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.

Scentre Group's adjusted revenue per share data of for the fiscal year that ended in Dec23 was A$0.482. 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$0.56 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Scentre Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Scentre 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.

Scentre Group Cyclically Adjusted PS Ratio Chart

Scentre Group 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 - 6.67 6.92 5.56 5.30

Scentre 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 6.92 - 5.56 - 5.30

Competitive Comparison of Scentre Group's Cyclically Adjusted PS Ratio

For the REIT - Retail subindustry, Scentre 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.


Scentre Group's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Scentre 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.21/0.56
=5.73

* 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.

Scentre Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Scentre Group's adjusted Revenue per Share data for the fiscal year that ended in Dec23 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.482/126.3989*126.3989
=0.482

Current CPI (Dec23) = 126.3989.

Scentre Group Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.545 99.002 0.696
201512 0.538 100.673 0.675
201612 0.473 102.159 0.585
201712 0.464 104.110 0.563
201812 0.495 105.967 0.590
201912 0.493 107.917 0.577
202012 0.417 108.846 0.484
202112 0.438 112.654 0.491
202212 0.473 121.477 0.492
202312 0.482 126.399 0.482

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.


Scentre Group  (ASX:SCG) 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.


Scentre Group Cyclically Adjusted PS Ratio Related Terms

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


Scentre Group (ASX:SCG) Business Description

Industry
Traded in Other Exchanges
Address
85 Castlereagh Street, Level 30, Sydney, NSW, AUS, 2000
Scentre Group owns the largest portfolio of premium Australian and New Zealand shopping malls, owning most of the top 10 Australian and top five New Zealand malls. About half its rent comes from anchor tenants and half from specialty tenants. About a third of floor space is currently allocated to department stores, however we expect tenants to return a reasonable portion of that space over the next decade, or alternatively, department store rent to be renegotiated to lower levels. While almost every Scentre mall is anchored by at least one supermarket, these tenants accounts for less than 10% of gross lettable area, due to the large size of Scentre's assets.

Scentre Group (ASX:SCG) Headlines

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