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CapitaLand Integrated Commercial Trust (SGX:C38U) Cyclically Adjusted PS Ratio : 8.65 (As of May. 21, 2024)


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What is CapitaLand Integrated Commercial Trust Cyclically Adjusted PS Ratio?

As of today (2024-05-21), CapitaLand Integrated Commercial Trust's current share price is S$1.99. CapitaLand Integrated Commercial Trust's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 was S$0.23. CapitaLand Integrated Commercial Trust's Cyclically Adjusted PS Ratio for today is 8.65.

The historical rank and industry rank for CapitaLand Integrated Commercial Trust's Cyclically Adjusted PS Ratio or its related term are showing as below:

SGX:C38U' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.43   Med: 10.16   Max: 13.7
Current: 8.44

During the past 13 years, CapitaLand Integrated Commercial Trust's highest Cyclically Adjusted PS Ratio was 13.70. The lowest was 7.43. And the median was 10.16.

SGX:C38U's Cyclically Adjusted PS Ratio is ranked worse than
74.9% of 490 companies
in the REITs industry
Industry Median: 4.985 vs SGX:C38U: 8.44

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.

CapitaLand Integrated Commercial Trust's adjusted revenue per share data of for the fiscal year that ended in Dec23 was S$0.234. 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 S$0.23 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


CapitaLand Integrated Commercial Trust Cyclically Adjusted PS Ratio Historical Data

The historical data trend for CapitaLand Integrated Commercial Trust'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.

CapitaLand Integrated Commercial Trust Cyclically Adjusted PS Ratio Chart

CapitaLand Integrated Commercial Trust 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 12.15 10.76 9.53 9.04 8.83

CapitaLand Integrated Commercial Trust 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 9.53 - 9.04 - 8.83

Competitive Comparison of CapitaLand Integrated Commercial Trust's Cyclically Adjusted PS Ratio

For the REIT - Retail subindustry, CapitaLand Integrated Commercial Trust'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.


CapitaLand Integrated Commercial Trust's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CapitaLand Integrated Commercial Trust's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where CapitaLand Integrated Commercial Trust's Cyclically Adjusted PS Ratio falls into.



CapitaLand Integrated Commercial Trust 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.

CapitaLand Integrated Commercial Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.99/0.23
=8.65

* 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.

CapitaLand Integrated Commercial Trust's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec23 is calculated as:

For example, CapitaLand Integrated Commercial Trust'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)
=0.234/129.4194*129.4194
=0.234

Current CPI (Dec23) = 129.4194.

CapitaLand Integrated Commercial Trust Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201412 0.188 99.070 0.246
201512 0.192 99.792 0.249
201612 0.195 101.863 0.248
201712 0.193 104.011 0.240
201812 0.195 105.998 0.238
201912 0.188 108.420 0.224
202012 0.178 109.897 0.210
202112 0.201 117.630 0.221
202212 0.217 125.222 0.224
202312 0.234 129.419 0.234

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.


CapitaLand Integrated Commercial Trust  (SGX:C38U) 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.


CapitaLand Integrated Commercial Trust Cyclically Adjusted PS Ratio Related Terms

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CapitaLand Integrated Commercial Trust (SGX:C38U) Business Description

Traded in Other Exchanges
Address
168 Robinson Road, No. 30-01 Capital Tower, Singapore, SGP, 068912
CapitaLand Integrated Commercial Trust was established following the merger between CapitaLand Mall Trust and CapitaLand Commercial Trust in October 2020. The trust has a diversified portfolio of 26 properties, which includes offices (mainly in the central business district), retail malls (includes urban and suburban malls), and integrated development. Most of its properties are located in Singapore, with assets in Germany and Australia making up less than 10% of its portfolio. The trust is externally managed by CapitaLand Integrated Commercial Trust Management; parent CapitaLand retains a 23% stake in CICT.

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