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Public Storage (BSP:P1SA34) Cyclically Adjusted Revenue per Share : R$20.32 (As of Mar. 2024)


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What is Public Storage 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.

Public Storage's adjusted revenue per share for the three months ended in Mar. 2024 was R$6.536. 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$20.32 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Public Storage's average Cyclically Adjusted Revenue Growth Rate was 9.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.50% 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 Public Storage was 11.20% per year. The lowest was 3.50% per year. And the median was 4.95% per year.

As of today (2024-06-01), Public Storage's current stock price is R$283.90. Public Storage's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$20.32. Public Storage's Cyclically Adjusted PS Ratio of today is 13.97.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Public Storage was 23.68. The lowest was 11.88. And the median was 16.37.


Public Storage Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Public Storage'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.

Public Storage Cyclically Adjusted Revenue per Share Chart

Public Storage 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 - 15.45 18.38 19.30 19.55

Public Storage 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 19.26 18.50 20.14 19.55 20.32

Competitive Comparison of Public Storage's Cyclically Adjusted Revenue per Share

For the REIT - Industrial subindustry, Public Storage'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.


Public Storage's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Public Storage 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, Public Storage'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)
=6.536/131.7762*131.7762
=6.536

Current CPI (Mar. 2024) = 131.7762.

Public Storage Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.389 100.560 1.820
201409 1.530 100.428 2.008
201412 1.713 99.070 2.279
201503 2.047 99.621 2.708
201506 2.113 100.684 2.766
201509 2.784 100.392 3.654
201512 2.722 99.792 3.594
201603 2.603 100.470 3.414
201606 2.495 101.688 3.233
201609 2.482 101.861 3.211
201612 2.514 101.863 3.252
201703 2.320 102.862 2.972
201706 2.515 103.349 3.207
201709 2.468 104.136 3.123
201712 2.543 104.011 3.222
201803 2.523 105.290 3.158
201806 2.968 106.317 3.679
201809 3.329 106.507 4.119
201812 3.106 105.998 3.861
201903 3.035 107.251 3.729
201906 3.141 108.070 3.830
201909 3.441 108.329 4.186
201912 3.413 108.420 4.148
202003 4.024 108.902 4.869
202006 4.238 108.767 5.135
202009 4.543 109.815 5.452
202012 4.407 109.897 5.284
202103 4.946 111.754 5.832
202106 4.751 114.631 5.462
202109 5.374 115.734 6.119
202112 5.937 117.630 6.651
202203 5.494 121.301 5.968
202206 5.909 125.017 6.228
202209 6.472 125.227 6.811
202212 6.483 125.222 6.822
202303 6.468 127.348 6.693
202306 6.169 128.729 6.315
202309 6.414 129.860 6.509
202312 6.456 129.419 6.574
202403 6.536 131.776 6.536

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


Public Storage  (BSP:P1SA34) 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.

Public Storage's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=283.90/20.32
=13.97

* 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 Public Storage was 23.68. The lowest was 11.88. And the median was 16.37.


Be Aware

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


Public Storage Cyclically Adjusted Revenue per Share Related Terms

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


Public Storage (BSP:P1SA34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Public Storage (BSP:P1SA34) » Definitions » Cyclically Adjusted Revenue per Share
Address
701 Western Avenue, Glendale, CA, USA, 91201-2349
Public Storage is the largest owner of self-storage facilities in the U.S. with more than 2,880 self-storage facilities in 40 states and approximately 200 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.

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