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American Homes 4 Rent (FRA:A4XA) Cyclically Adjusted PS Ratio : 8.10 (As of Jun. 09, 2024)


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What is American Homes 4 Rent Cyclically Adjusted PS Ratio?

As of today (2024-06-09), American Homes 4 Rent's current share price is €32.80. American Homes 4 Rent's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €4.05. American Homes 4 Rent's Cyclically Adjusted PS Ratio for today is 8.10.

The historical rank and industry rank for American Homes 4 Rent's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:A4XA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.52   Med: 8.69   Max: 13.67
Current: 8.14

During the past years, American Homes 4 Rent's highest Cyclically Adjusted PS Ratio was 13.67. The lowest was 7.52. And the median was 8.69.

FRA:A4XA's Cyclically Adjusted PS Ratio is ranked worse than
73.78% of 492 companies
in the REITs industry
Industry Median: 4.875 vs FRA:A4XA: 8.14

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.

American Homes 4 Rent's adjusted revenue per share data for the three months ended in Mar. 2024 was €1.062. 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 €4.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Homes 4 Rent Cyclically Adjusted PS Ratio Historical Data

The historical data trend for American Homes 4 Rent'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.

American Homes 4 Rent Cyclically Adjusted PS Ratio Chart

American Homes 4 Rent 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 - - 13.67 7.92 8.48

American Homes 4 Rent 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 7.94 8.69 8.04 8.48 8.40

Competitive Comparison of American Homes 4 Rent's Cyclically Adjusted PS Ratio

For the REIT - Residential subindustry, American Homes 4 Rent'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.


American Homes 4 Rent's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, American Homes 4 Rent's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where American Homes 4 Rent's Cyclically Adjusted PS Ratio falls into.



American Homes 4 Rent 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.

American Homes 4 Rent's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=32.80/4.05
=8.10

* 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.

American Homes 4 Rent's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, American Homes 4 Rent'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)
=1.062/131.7762*131.7762
=1.062

Current CPI (Mar. 2024) = 131.7762.

American Homes 4 Rent Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.374 100.560 0.490
201409 0.423 100.428 0.555
201412 0.448 99.070 0.596
201503 0.576 99.621 0.762
201506 0.647 100.684 0.847
201509 0.727 100.392 0.954
201512 0.762 99.792 1.006
201603 0.799 100.470 1.048
201606 0.822 101.688 1.065
201609 0.882 101.861 1.141
201612 0.899 101.863 1.163
201703 0.894 102.862 1.145
201706 0.815 103.349 1.039
201709 0.716 104.136 0.906
201712 0.716 104.011 0.907
201803 0.730 105.290 0.914
201806 0.766 106.317 0.949
201809 0.808 106.507 1.000
201812 0.800 105.998 0.995
201903 0.831 107.251 1.021
201906 0.832 108.070 1.015
201909 0.900 108.329 1.095
201912 0.815 108.420 0.991
202003 0.863 108.902 1.044
202006 0.827 108.767 1.002
202009 0.847 109.815 1.016
202012 0.769 109.897 0.922
202103 0.827 111.754 0.975
202106 0.811 114.631 0.932
202109 0.885 115.734 1.008
202112 0.889 117.630 0.996
202203 0.933 121.301 1.014
202206 0.855 125.017 0.901
202209 1.132 125.227 1.191
202212 1.015 125.222 1.068
202303 1.030 127.348 1.066
202306 0.882 128.729 0.903
202309 1.089 129.860 1.105
202312 1.031 129.419 1.050
202403 1.062 131.776 1.062

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.


American Homes 4 Rent  (FRA:A4XA) 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.


American Homes 4 Rent Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of American Homes 4 Rent's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


American Homes 4 Rent (FRA:A4XA) Business Description

Industry
Traded in Other Exchanges
Address
280 Pilot Road, Las Vegas, NV, USA, 89119
American Homes 4 Rent is a real estate investment trust primarily focused on acquiring, operating, and leasing single-family homes as rental properties throughout the United States. The company's real estate portfolio is largely comprised of single-family properties in urban markets in the Southern and Midwestern regions of the U.S. American Homes 4 Rent's land holdings also represent a sizable percentage of its total assets in terms of value. The company derives the vast majority of its income in the form of rental revenue from single-family properties through short-term or annual leases. The firm's largest geographical markets include Dallas, Texas; Indianapolis, Indiana; Atlanta, Georgia; and Charlotte, North Carolina in terms of the number of properties in each.

American Homes 4 Rent (FRA:A4XA) Headlines

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