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Farmland Partners (FRA:0FA) Cyclically Adjusted PS Ratio : 5.99 (As of Jun. 09, 2024)


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What is Farmland Partners Cyclically Adjusted PS Ratio?

As of today (2024-06-09), Farmland Partners's current share price is €9.89. Farmland Partners's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €1.65. Farmland Partners's Cyclically Adjusted PS Ratio for today is 5.99.

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

FRA:0FA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.72   Med: 6.46   Max: 8.41
Current: 6.02

During the past years, Farmland Partners's highest Cyclically Adjusted PS Ratio was 8.41. The lowest was 5.72. And the median was 6.46.

FRA:0FA's Cyclically Adjusted PS Ratio is ranked worse than
58.54% of 492 companies
in the REITs industry
Industry Median: 4.875 vs FRA:0FA: 6.02

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.

Farmland Partners's adjusted revenue per share data for the three months ended in Mar. 2024 was €0.231. 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 €1.65 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Farmland Partners Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Farmland Partners'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.

Farmland Partners Cyclically Adjusted PS Ratio Chart

Farmland Partners 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 - - - 7.39 7.09

Farmland Partners 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 6.22 7.02 5.83 7.09 6.18

Competitive Comparison of Farmland Partners's Cyclically Adjusted PS Ratio

For the REIT - Specialty subindustry, Farmland Partners'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.


Farmland Partners's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Farmland Partners 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.

Farmland Partners's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.89/1.65
=5.99

* 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.

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

For example, Farmland Partners'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)
=0.231/131.7762*131.7762
=0.231

Current CPI (Mar. 2024) = 131.7762.

Farmland Partners Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.185 100.560 0.242
201409 0.155 100.428 0.203
201412 0.156 99.070 0.208
201503 0.258 99.621 0.341
201506 0.326 100.684 0.427
201509 0.333 100.392 0.437
201512 0.356 99.792 0.470
201603 0.356 100.470 0.467
201606 0.431 101.688 0.559
201609 0.452 101.861 0.585
201612 0.852 101.863 1.102
201703 0.250 102.862 0.320
201706 0.314 103.349 0.400
201709 0.308 104.136 0.390
201712 0.402 104.011 0.509
201803 0.275 105.290 0.344
201806 0.300 106.317 0.372
201809 0.334 106.507 0.413
201812 0.595 105.998 0.740
201903 0.313 107.251 0.385
201906 0.200 108.070 0.244
201909 0.303 108.329 0.369
201912 0.663 108.420 0.806
202003 0.357 108.902 0.432
202006 0.317 108.767 0.384
202009 0.308 109.815 0.370
202012 0.502 109.897 0.602
202103 0.320 111.754 0.377
202106 0.267 114.631 0.307
202109 0.264 115.734 0.301
202112 0.399 117.630 0.447
202203 0.275 121.301 0.299
202206 0.232 125.017 0.245
202209 0.248 125.227 0.261
202212 0.381 125.222 0.401
202303 0.219 127.348 0.227
202306 0.181 128.729 0.185
202309 0.225 129.860 0.228
202312 0.248 129.419 0.253
202403 0.231 131.776 0.231

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.


Farmland Partners  (FRA:0FA) 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.


Farmland Partners Cyclically Adjusted PS Ratio Related Terms

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


Farmland Partners (FRA:0FA) Business Description

Industry
Traded in Other Exchanges
Address
4600 South Syracuse Street, Suite 1450, Denver, CO, USA, 80237
Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company and owns and contracts of farmland and storage facilities located across the United States. Its properties are farmed by over 100 tenants growing more than 26 commercial crops. Farmland Partners generates its revenues through the rent it receives from its tenants.

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