Lend Lease Group (NZSE:LLC) Cyclically Adjusted PS Ratio : (As of Jun. 09, 2024)

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What is Lend Lease Group Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation

Lend Lease Group Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Lend Lease Group'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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Lend Lease Group Cyclically Adjusted PS Ratio Chart

Lend Lease Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cyclically Adjusted PS Ratio

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0.49

0.48

0.44

0.34

0.29

Lend Lease Group 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															-	0.34	-	0.29	-

Competitive Comparison of Lend Lease Group's Cyclically Adjusted PS Ratio

For the Real Estate - Diversified subindustry, Lend Lease Group'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.

Lend Lease Group's Cyclically Adjusted PS Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Lend Lease Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Lend Lease Group's Cyclically Adjusted PS Ratio falls into.

Lend Lease Group 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.

Lend Lease Group's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun23 is calculated as:

For example, Lend Lease Group's adjusted Revenue per Share data for the fiscal year that ended in Jun23 was:

Adj_RevenuePerShare	=	Revenue per Share	/	CPI of Jun23 (Change)	*	Current CPI (Jun23)
	=	20.502	/	124.1700	*	124.1700
	=	20.502

Current CPI (Jun23) = 124.1700.

Lend Lease Group Annual Data

	Revenue per Share	CPI	Adj_RevenuePerShare
201406	27.732	98.352	35.012
201506	26.775	99.838	33.301
201606	28.942	100.859	35.631
201706	31.794	102.809	38.400
201806	32.577	104.945	38.545
201906	31.844	106.617	37.087
202006	22.889	106.246	26.751
202106	19.257	110.332	21.672
202206	17.879	117.112	18.957
202306	20.502	124.170	20.502

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.

Lend Lease Group (NZSE:LLC) 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.

Lend Lease Group Cyclically Adjusted PS Ratio Related Terms

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Lend Lease Group (NZSE:LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lend Lease Group (NZSE:LLC) » Definitions » Cyclically Adjusted PS Ratio

Comparable Companies

Traded in Other Exchanges

LLESY:USA LLESF:USA LLC:Australia

Address

Level 14, Tower Three, 300 Barangaroo Avenue, International Towers Sydney, Exchange Place, Barangaroo, Sydney, NSW, AUS, 2000

Website

https://www.lendlease.com

Lendlease's business comprises three segments: development, investments, and construction. Development accounted for more than half of EBITDA in 2020, and the future pipeline is so large it cannot be funded from its own balance sheet. The group is selling stakes in mature projects to its funds management clients. This sacrifices development profit, in return for management fees, reduced risk, and capital to accelerate new projects in the pipeline. Construction generates large revenues but slim margins. This business is retained to preserve expertise and scale for the development business. Lendlease sold its engineering and services business during the pandemic, but retains some risks, notably the Melbourne Metro project. It is also reducing its exposure to retirement living.

Lend Lease Group (NZSE:LLC) Headlines

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