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Tritax Big Box REIT (LSE:BBOX) Cyclically Adjusted PS Ratio : 8.50 (As of Jun. 06, 2024)


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What is Tritax Big Box REIT Cyclically Adjusted PS Ratio?

As of today (2024-06-06), Tritax Big Box REIT's current share price is £1.615. Tritax Big Box REIT's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was £0.19. Tritax Big Box REIT's Cyclically Adjusted PS Ratio for today is 8.50.

The historical rank and industry rank for Tritax Big Box REIT's Cyclically Adjusted PS Ratio or its related term are showing as below:

LSE:BBOX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.71   Med: 8.27   Max: 8.87
Current: 8.21

During the past 10 years, Tritax Big Box REIT's highest Cyclically Adjusted PS Ratio was 8.87. The lowest was 7.71. And the median was 8.27.

LSE:BBOX's Cyclically Adjusted PS Ratio is ranked worse than
73.98% of 492 companies
in the REITs industry
Industry Median: 4.925 vs LSE:BBOX: 8.21

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.

Tritax Big Box REIT's adjusted revenue per share data of for the fiscal year that ended in Dec23 was £0.060. 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 £0.19 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tritax Big Box REIT Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tritax Big Box REIT'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.

Tritax Big Box REIT Cyclically Adjusted PS Ratio Chart

Tritax Big Box REIT Annual Data
Trend Feb13 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 - - - - 8.78

Tritax Big Box REIT Semi-Annual Data
Feb13 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 - - - - 8.78

Competitive Comparison of Tritax Big Box REIT's Cyclically Adjusted PS Ratio

For the REIT - Industrial subindustry, Tritax Big Box REIT'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.


Tritax Big Box REIT's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Tritax Big Box REIT's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Tritax Big Box REIT's Cyclically Adjusted PS Ratio falls into.



Tritax Big Box REIT 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.

Tritax Big Box REIT's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.615/0.19
=8.50

* 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.

Tritax Big Box REIT's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Tritax Big Box REIT'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)
=0.06/130.5000*130.5000
=0.060

Current CPI (Dec23) = 130.5000.

Tritax Big Box REIT Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201302 0.000 97.500 0.000
201512 0.220 100.400 0.286
201612 0.112 102.200 0.143
201712 0.204 105.000 0.254
201812 0.183 107.100 0.223
201912 0.095 108.500 0.114
202012 0.285 109.400 0.340
202112 0.560 114.700 0.637
202212 -0.312 125.300 -0.325
202312 0.060 130.500 0.060

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.


Tritax Big Box REIT  (LSE:BBOX) 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.


Tritax Big Box REIT Cyclically Adjusted PS Ratio Related Terms

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


Tritax Big Box REIT (LSE:BBOX) Business Description

Industry
Traded in Other Exchanges
Address
6 Duke Street, 3rd Floor, St. James's, London, GBR, SW1Y 6BN
Tritax Big Box REIT PLC is a UK based real estate investment trust. With the focus on the acquisition and management of large-scale logistics real estate Tritax operates in the Investment Property segment. It owns and operates big boxes stores which also serves as the breakdown point for bulk palleted deliveries and are often port-centric in their location focus. The customers it caters operate in the business of retail, logistics, consumer products and automotive.

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