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DCT Industrial Trust (DCT Industrial Trust) Cyclically Adjusted PS Ratio : (As of May. 05, 2024)


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What is DCT Industrial Trust Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


DCT Industrial Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for DCT Industrial Trust'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.

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DCT Industrial Trust Cyclically Adjusted PS Ratio Chart

DCT Industrial Trust Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted PS Ratio
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DCT Industrial Trust Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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Competitive Comparison of DCT Industrial Trust's Cyclically Adjusted PS Ratio

For the REIT - Industrial subindustry, DCT Industrial Trust'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.


DCT Industrial Trust's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

* The bar in red indicates where DCT Industrial Trust's Cyclically Adjusted PS Ratio falls into.



DCT Industrial Trust 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.

DCT Industrial Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2018 is calculated as:

For example, DCT Industrial Trust's adjusted Revenue per Share data for the three months ended in Jun. 2018 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2018 (Change)*Current CPI (Jun. 2018)
=1.169/106.3168*106.3168
=1.169

Current CPI (Jun. 2018) = 106.3168.

DCT Industrial Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
200809 1.423 92.307 1.639
200812 1.397 88.697 1.675
200903 1.432 89.744 1.696
200906 1.291 91.003 1.508
200909 1.197 91.120 1.397
200912 0.961 91.111 1.121
201003 1.128 91.821 1.306
201006 1.127 91.962 1.303
201009 1.154 92.162 1.331
201012 0.615 92.474 0.707
201103 1.044 94.283 1.177
201106 0.976 95.235 1.090
201109 1.009 95.727 1.121
201112 0.575 95.213 0.642
201203 1.014 96.783 1.114
201206 0.984 96.819 1.081
201209 0.972 97.633 1.058
201212 0.922 96.871 1.012
201303 0.969 98.209 1.049
201306 0.963 98.518 1.039
201309 0.965 98.790 1.039
201312 0.970 98.326 1.049
201403 1.026 99.695 1.094
201406 1.013 100.560 1.071
201409 1.011 100.428 1.070
201412 0.979 99.070 1.051
201503 1.000 99.621 1.067
201506 1.001 100.684 1.057
201509 0.999 100.392 1.058
201512 1.007 99.792 1.073
201603 1.063 100.470 1.125
201606 1.063 101.688 1.111
201609 1.105 101.861 1.153
201612 1.122 101.863 1.171
201703 1.152 102.862 1.191
201706 1.131 103.349 1.163
201709 1.130 104.136 1.154
201712 1.166 104.011 1.192
201803 1.170 105.290 1.181
201806 1.169 106.317 1.169

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.


DCT Industrial Trust  (NYSE:DCT) 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.


DCT Industrial Trust Cyclically Adjusted PS Ratio Related Terms

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DCT Industrial Trust (DCT Industrial Trust) Business Description

Traded in Other Exchanges
N/A
Address
DCT Industrial Trust Inc is a real estate investment trust engaged in the acquiring, leasing, and managing of large distribution and light industrial warehouses near large U.S. urban markets. The company segments its operations into East, Central, and West divisions. DCT's property portfolio is fairly evenly distributed amongst its three regional units both in terms of total square footage and the percent of total revenue derived from each. The largest cities in each region play host to the most buildings. The company generates nearly all of its revenue in the form of rental revenue from its fairly diversified base of tenants. Manufacturing, transportation and warehousing, and wholesale trade companies account for most of DCT's revenue and total occupied square feet.
Executives
Philip L Hawkins director, officer: President and CEO C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Marcus L. Smith director 555 17TH STREET, SUITE 3700, DCT INDUSTRIAL TRUST INC., DENVER CO 80202
Mark Skomal officer: Chief Accounting Officer C/O CYRUSONE INC. 2850 N HARWOOD ST STE 2200 DALLAS TX 75201
Raymond B Greer director 1515 WEST 20TH STREET, P.O. BOX 612787, DFW INTERNATIONAL AIRPORT TX 75261
Thomas F August director 6214 PARK LANE, DALLAS TX 75225
Marilyn A Alexander director 565 DUNNEGAN DRIVE, LAGUNA BEACH CA 92651
Thomas G Wattles director, officer: Chairman ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202
Stuart B Brown officer: Chief Financial Officer 518 17TH STREET, SUITE 1700, DENVER CO 80202