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Derwent London (LSE:DLN) Cyclically Adjusted PS Ratio : 9.42 (As of May. 15, 2024)


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What is Derwent London Cyclically Adjusted PS Ratio?

As of today (2024-05-15), Derwent London's current share price is £22.04. Derwent London's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was £2.34. Derwent London's Cyclically Adjusted PS Ratio for today is 9.42.

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

LSE:DLN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.09   Med: 18.46   Max: 27.91
Current: 9.4

During the past 13 years, Derwent London's highest Cyclically Adjusted PS Ratio was 27.91. The lowest was 8.09. And the median was 18.46.

LSE:DLN's Cyclically Adjusted PS Ratio is ranked worse than
80.16% of 489 companies
in the REITs industry
Industry Median: 4.97 vs LSE:DLN: 9.40

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.

Derwent London's adjusted revenue per share data of for the fiscal year that ended in Dec23 was £2.364. 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 £2.34 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Derwent London Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Derwent London'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.

Derwent London Cyclically Adjusted PS Ratio Chart

Derwent London 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 22.66 16.46 16.99 10.63 10.08

Derwent London Semi-Annual Data
Jun14 Dec14 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 Premium Member Only 16.99 - 10.63 - 10.08

Competitive Comparison of Derwent London's Cyclically Adjusted PS Ratio

For the REIT - Office subindustry, Derwent London'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.


Derwent London's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Derwent London 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.

Derwent London's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22.04/2.34
=9.42

* 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.

Derwent London's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Derwent London'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)
=2.364/130.0000*130.0000
=2.364

Current CPI (Dec23) = 130.0000.

Derwent London Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 1.600 99.900 2.082
201512 1.636 100.400 2.118
201612 1.623 102.200 2.064
201712 1.815 105.000 2.247
201812 2.055 107.100 2.494
201912 2.057 108.500 2.465
202012 2.393 109.400 2.844
202112 2.155 114.700 2.442
202212 2.218 125.300 2.301
202312 2.364 130.000 2.364

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.


Derwent London  (LSE:DLN) 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.


Derwent London Cyclically Adjusted PS Ratio Related Terms

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


Derwent London (LSE:DLN) Business Description

Industry
Traded in Other Exchanges
Address
25 Savile Row, London, GBR, W1S 2ER
Derwent London PLC is a London-focused real estate investment trust. Derwent owns, manages, and refurbishes office real estate in Central London. Within this region, the majority of the company's assets are located in the districts of London's West End, such as Fitzrovia. Properties in London's Tech Belt and the City Borders also represent significant parts of the company's real estate portfolio. Derwent derives nearly all of its revenue from tenants in the form of rental income structured in mid-to-long-term leases. Office buildings in the central West End are responsible for the majority of revenue generated. Media and advertising companies, professional and business services firms, and retail head offices are all fairly evenly represented among the company's tenants.

Derwent London (LSE:DLN) Headlines

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