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PSP Swiss Property AG (CHIX:PSPNZ) Cyclically Adjusted PS Ratio : 13.93 (As of Jun. 08, 2024)


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What is PSP Swiss Property AG Cyclically Adjusted PS Ratio?

As of today (2024-06-08), PSP Swiss Property AG's current share price is CHF112.40. PSP Swiss Property AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was CHF8.07. PSP Swiss Property AG's Cyclically Adjusted PS Ratio for today is 13.93.

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

CHIX:PSPNz' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 10.8   Med: 14   Max: 18.91
Current: 14.1

During the past years, PSP Swiss Property AG's highest Cyclically Adjusted PS Ratio was 18.91. The lowest was 10.80. And the median was 14.00.

CHIX:PSPNz's Cyclically Adjusted PS Ratio is ranked worse than
94.44% of 1367 companies
in the Real Estate industry
Industry Median: 1.75 vs CHIX:PSPNz: 14.10

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.

PSP Swiss Property AG's adjusted revenue per share data for the three months ended in Mar. 2024 was CHF2.021. 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 CHF8.07 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PSP Swiss Property AG Cyclically Adjusted PS Ratio Historical Data

The historical data trend for PSP Swiss Property AG'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.

PSP Swiss Property AG Cyclically Adjusted PS Ratio Chart

PSP Swiss Property AG 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 16.44 15.48 14.99 13.70 14.64

PSP Swiss Property AG 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 12.88 12.26 13.50 14.64 14.71

Competitive Comparison of PSP Swiss Property AG's Cyclically Adjusted PS Ratio

For the Real Estate Services subindustry, PSP Swiss Property AG'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.


PSP Swiss Property AG's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PSP Swiss Property AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PSP Swiss Property AG's Cyclically Adjusted PS Ratio falls into.



PSP Swiss Property AG 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.

PSP Swiss Property AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=112.40/8.07
=13.93

* 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.

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

For example, PSP Swiss Property AG'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)
=2.021/107.3549*107.3549
=2.021

Current CPI (Mar. 2024) = 107.3549.

PSP Swiss Property AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.298 101.517 2.430
201409 1.666 101.247 1.767
201412 1.529 100.704 1.630
201503 1.486 100.339 1.590
201506 1.501 100.464 1.604
201509 1.744 99.785 1.876
201512 1.812 99.386 1.957
201603 2.247 99.475 2.425
201606 1.893 100.088 2.030
201609 1.989 99.604 2.144
201612 1.900 99.380 2.052
201703 1.578 100.040 1.693
201706 1.563 100.285 1.673
201709 2.170 100.254 2.324
201712 1.550 100.213 1.660
201803 1.592 100.836 1.695
201806 1.585 101.435 1.678
201809 2.001 101.246 2.122
201812 1.619 100.906 1.722
201903 2.046 101.571 2.163
201906 1.609 102.044 1.693
201909 1.875 101.396 1.985
201912 2.122 101.063 2.254
202003 1.675 101.048 1.780
202006 1.625 100.743 1.732
202009 2.135 100.585 2.279
202012 2.042 100.241 2.187
202103 2.586 100.800 2.754
202106 1.808 101.352 1.915
202109 1.840 101.533 1.946
202112 2.170 101.776 2.289
202203 3.221 103.205 3.351
202206 1.965 104.783 2.013
202209 1.895 104.835 1.941
202212 1.851 104.666 1.899
202303 1.898 106.245 1.918
202306 2.238 106.576 2.254
202309 2.000 106.570 2.015
202312 1.894 106.461 1.910
202403 2.021 107.355 2.021

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.


PSP Swiss Property AG  (CHIX:PSPNz) 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.


PSP Swiss Property AG Cyclically Adjusted PS Ratio Related Terms

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


PSP Swiss Property AG (CHIX:PSPNZ) Business Description

Traded in Other Exchanges
Address
Kolinplatz 2, Zug, CHE, CH-6300
PSP Swiss Property AG is a general real estate company. The company reports three business units: real estate investments, property management, and holding. The vast majority of revenue is generated by rental income. All PSP property is located in Switzerland. The company considers merger and acquisition investment as a potential component of its operational growth strategy. The company's real estate investment segment invests exclusively in commercial properties, with leases primarily in office and retail property.

PSP Swiss Property AG (CHIX:PSPNZ) Headlines

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