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Boston Properties (BSP:BOXP34) Cyclically Adjusted Revenue per Share : R$10.10 (As of Mar. 2024)


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What is Boston Properties Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Boston Properties's adjusted revenue per share for the three months ended in Mar. 2024 was R$2.660. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is R$10.10 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Boston Properties's average Cyclically Adjusted Revenue Growth Rate was 4.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 4.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Boston Properties was 7.60% per year. The lowest was -0.10% per year. And the median was 3.10% per year.

As of today (2024-06-01), Boston Properties's current stock price is R$31.65. Boston Properties's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$10.10. Boston Properties's Cyclically Adjusted PS Ratio of today is 3.13.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Boston Properties was 10.73. The lowest was 2.31. And the median was 8.15.


Boston Properties Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Boston Properties's Cyclically Adjusted Revenue per Share 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.

Boston Properties Cyclically Adjusted Revenue per Share Chart

Boston Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.59 8.70 10.43 10.75 10.43

Boston Properties Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share 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 10.28 9.92 10.31 10.43 10.10

Competitive Comparison of Boston Properties's Cyclically Adjusted Revenue per Share

For the REIT - Office subindustry, Boston Properties'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.


Boston Properties's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Boston Properties Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Boston Properties'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)
=2.66/131.7762*131.7762
=2.660

Current CPI (Mar. 2024) = 131.7762.

Boston Properties Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.861 100.560 1.128
201409 0.944 100.428 1.239
201412 1.056 99.070 1.405
201503 1.263 99.621 1.671
201506 1.251 100.684 1.637
201509 1.599 100.392 2.099
201512 1.574 99.792 2.078
201603 1.600 100.470 2.099
201606 1.387 101.688 1.797
201609 1.320 101.861 1.708
201612 1.385 101.863 1.792
201703 1.282 102.862 1.642
201706 1.403 103.349 1.789
201709 1.334 104.136 1.688
201712 1.397 104.011 1.770
201803 1.401 105.290 1.753
201806 1.621 106.317 2.009
201809 1.823 106.507 2.256
201812 1.769 105.998 2.199
201903 1.800 107.251 2.212
201906 1.827 108.070 2.228
201909 1.978 108.329 2.406
201912 2.006 108.420 2.438
202003 2.368 108.902 2.865
202006 2.186 108.767 2.648
202009 2.405 109.815 2.886
202012 2.197 109.897 2.634
202103 2.576 111.754 3.038
202106 2.293 114.631 2.636
202109 2.461 115.734 2.802
202112 2.645 117.630 2.963
202203 2.391 121.301 2.597
202206 2.485 125.017 2.619
202209 2.638 125.227 2.776
202212 2.637 125.222 2.775
202303 2.664 127.348 2.757
202306 2.523 128.729 2.583
202309 2.595 129.860 2.633
202312 2.583 129.419 2.630
202403 2.660 131.776 2.660

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Boston Properties  (BSP:BOXP34) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Boston Properties's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=31.65/10.1
=3.13

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Boston Properties was 10.73. The lowest was 2.31. And the median was 8.15.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Boston Properties Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Boston Properties's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Boston Properties (BSP:BOXP34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Boston Properties Inc (BSP:BOXP34) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
800 Boylston Street, Suite 1900, Prudential Center, Boston, MA, USA, 02199-8103
Boston Properties owns over 190 properties consisting of approximately 54 million rentable square feet of space. The portfolio is dominated by office buildings and is spread across major cities such as New York, Boston, San Francisco, Los Angeles, Seattle, and the Washington, D.C., region. The real estate investment trust also owns limited retail, hotel, and residential properties.

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