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Tri Pointe Homes (Tri Pointe Homes) Cyclically Adjusted PS Ratio : 1.36 (As of May. 20, 2024)


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What is Tri Pointe Homes Cyclically Adjusted PS Ratio?

As of today (2024-05-20), Tri Pointe Homes's current share price is $39.74. Tri Pointe Homes's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $29.20. Tri Pointe Homes's Cyclically Adjusted PS Ratio for today is 1.36.

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

TPH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.03   Max: 1.38
Current: 1.37

During the past years, Tri Pointe Homes's highest Cyclically Adjusted PS Ratio was 1.38. The lowest was 0.55. And the median was 1.03.

TPH's Cyclically Adjusted PS Ratio is ranked worse than
76.62% of 77 companies
in the Homebuilding & Construction industry
Industry Median: 0.86 vs TPH: 1.37

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.

Tri Pointe Homes's adjusted revenue per share data for the three months ended in Mar. 2024 was $9.801. 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 $29.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tri Pointe Homes Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Tri Pointe Homes'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.

Tri Pointe Homes Cyclically Adjusted PS Ratio Chart

Tri Pointe Homes 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 - - 1.20 0.76 1.27

Tri Pointe Homes 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 0.99 1.24 1.00 1.27 1.32

Competitive Comparison of Tri Pointe Homes's Cyclically Adjusted PS Ratio

For the Residential Construction subindustry, Tri Pointe Homes'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.


Tri Pointe Homes's Cyclically Adjusted PS Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Tri Pointe Homes's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Tri Pointe Homes's Cyclically Adjusted PS Ratio falls into.



Tri Pointe Homes 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.

Tri Pointe Homes's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=39.74/29.2
=1.36

* 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.

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

For example, Tri Pointe Homes'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)
=9.801/131.7762*131.7762
=9.801

Current CPI (Mar. 2024) = 131.7762.

Tri Pointe Homes Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.641 100.560 3.461
201409 3.003 100.428 3.940
201412 3.931 99.070 5.229
201503 2.317 99.621 3.065
201506 3.053 100.684 3.996
201509 3.992 100.392 5.240
201512 5.421 99.792 7.158
201603 2.615 100.470 3.430
201606 3.853 101.688 4.993
201609 3.609 101.861 4.669
201612 4.843 101.863 6.265
201703 2.468 102.862 3.162
201706 3.655 103.349 4.660
201709 4.718 104.136 5.970
201712 7.399 104.011 9.374
201803 3.820 105.290 4.781
201806 5.029 106.317 6.233
201809 5.226 106.507 6.466
201812 7.999 105.998 9.944
201903 3.474 107.251 4.268
201906 4.904 108.070 5.980
201909 5.288 108.329 6.433
201912 8.199 108.420 9.965
202003 4.421 108.902 5.350
202006 5.901 108.767 7.149
202009 6.428 109.815 7.714
202012 8.501 109.897 10.193
202103 6.004 111.754 7.080
202106 8.645 114.631 9.938
202109 9.080 115.734 10.339
202112 11.672 117.630 13.076
202203 6.805 121.301 7.393
202206 9.901 125.017 10.436
202209 10.440 125.227 10.986
202212 14.866 125.222 15.644
202303 7.666 127.348 7.933
202306 8.320 128.729 8.517
202309 8.467 129.860 8.592
202312 12.932 129.419 13.167
202403 9.801 131.776 9.801

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.


Tri Pointe Homes  (NYSE:TPH) 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.


Tri Pointe Homes Cyclically Adjusted PS Ratio Related Terms

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


Tri Pointe Homes (Tri Pointe Homes) Business Description

Traded in Other Exchanges
Address
940 Southwood Boulevard, Suite 200, Incline Village, Irvine, CA, USA, 89451
Tri Pointe Homes Inc is an American construction company that focuses on residential construction. The company designs and builds single-family homes and condominiums through its portfolio of six regional housing brands. Its largest regional brands include Maracay Homes, which operates in Arizona, and TRI Pointe and Pardee Homes, which operate in California, Nevada, and Colorado. From a geographic perspective, California is TRI Pointe's largest source of revenue, followed by Arizona and Nevada. The company also operates in Texas, Oregon, and Virginia. TRI Pointe completes approximately 4,000 homes annually with an average selling price around $500,000. TRI Pointe also is involved in the sale and development of land.
Executives
Lawrence B Burrows director C/O TRI POINTE GROUP, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612
Glenn J. Keeler officer: VP & Chief Accounting Officer C/O TRI POINTE GROUP, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612
Douglas F. Bauer director, officer: CHIEF EXECUTIVE OFFICER C/O TRI POINTE GROUP, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612
Steven J Gilbert director 540 MADISON AVE, 40TH FL, NEW YORK NY 10022
Moore Constance B director 333 CLAY STREET, SUITE 4980, HOUSTON TX 77002
Thomas J Mitchell officer: President, COO, and Secretary C/O TRI POINTE GROUP, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612
Robert Kent Grahl director 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612
Vicki D. Mcwilliams director C/O TRI POINTE GROUP, INC., SUITE 300, IRVINE CA 92612
Michael D Grubbs officer: See Remarks C/O TRI POINTE GROUP, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612
David Ch Lee officer: VP GENERAL COUNSEL & SECRETARY C/O TRI POINTE GROUP, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612
Bradley William Blank officer: See Remarks C/O TRI POINTE HOMES, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612
Barry S Sternlicht director, 10 percent owner STARWOOD CAPITAL GROUP GLOBAL LP, 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Ken Krivanec officer: President of Quadrant Homes C/O TRI POINTE HOMES, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612
Daniel S Fulton director C/O TRI POINTE GROUP, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612
Christopher D. Graham director C/O TRI POINTE HOMES, INC., 19540 JAMBOREE ROAD, SUITE 300, IRVINE CA 92612