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Ares Commercial Real Estate (STU:41I) Cyclically Adjusted Revenue per Share : €2.03 (As of Mar. 2024)


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What is Ares Commercial Real Estate 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.

Ares Commercial Real Estate's adjusted revenue per share for the three months ended in Mar. 2024 was €-0.440. 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 €2.03 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ares Commercial Real Estate's average Cyclically Adjusted Revenue Growth Rate was -4.70% 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.

As of today (2024-06-12), Ares Commercial Real Estate's current stock price is €6.46. Ares Commercial Real Estate's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €2.03. Ares Commercial Real Estate's Cyclically Adjusted PS Ratio of today is 3.18.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ares Commercial Real Estate was 7.48. The lowest was 2.94. And the median was 4.56.


Ares Commercial Real Estate Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Ares Commercial Real Estate'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.

Ares Commercial Real Estate Cyclically Adjusted Revenue per Share Chart

Ares Commercial Real Estate 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 - - 1.82 2.11 2.12

Ares Commercial Real Estate 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 2.13 2.12 2.19 2.12 2.03

Competitive Comparison of Ares Commercial Real Estate's Cyclically Adjusted Revenue per Share

For the REIT - Mortgage subindustry, Ares Commercial Real Estate'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.


Ares Commercial Real Estate's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Ares Commercial Real Estate's Cyclically Adjusted PS Ratio falls into.



Ares Commercial Real Estate 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, Ares Commercial Real Estate'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)
=-0.44/131.7762*131.7762
=-0.440

Current CPI (Mar. 2024) = 131.7762.

Ares Commercial Real Estate Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.418 100.560 0.548
201409 0.350 100.428 0.459
201412 -0.155 99.070 -0.206
201503 0.578 99.621 0.765
201506 0.384 100.684 0.503
201509 0.381 100.392 0.500
201512 0.399 99.792 0.527
201603 0.321 100.470 0.421
201606 0.328 101.688 0.425
201609 0.367 101.861 0.475
201612 0.420 101.863 0.543
201703 0.339 102.862 0.434
201706 0.325 103.349 0.414
201709 0.432 104.136 0.547
201712 0.321 104.011 0.407
201803 0.373 105.290 0.467
201806 0.408 106.317 0.506
201809 0.418 106.507 0.517
201812 0.445 105.998 0.553
201903 0.435 107.251 0.534
201906 0.665 108.070 0.811
201909 0.624 108.329 0.759
201912 0.673 108.420 0.818
202003 0.600 108.902 0.726
202006 0.370 108.767 0.448
202009 0.566 109.815 0.679
202012 0.519 109.897 0.622
202103 0.513 111.754 0.605
202106 0.473 114.631 0.544
202109 0.490 115.734 0.558
202112 0.563 117.630 0.631
202203 0.500 121.301 0.543
202206 0.466 125.017 0.491
202209 0.502 125.227 0.528
202212 0.523 125.222 0.550
202303 0.357 127.348 0.369
202306 0.424 128.729 0.434
202309 0.325 129.860 0.330
202312 0.281 129.419 0.286
202403 -0.440 131.776 -0.440

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


Ares Commercial Real Estate  (STU:41I) 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.

Ares Commercial Real Estate's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=6.46/2.03
=3.18

* 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 Ares Commercial Real Estate was 7.48. The lowest was 2.94. And the median was 4.56.


Be Aware

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


Ares Commercial Real Estate Cyclically Adjusted Revenue per Share Related Terms

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


Ares Commercial Real Estate (STU:41I) Business Description

Industry
Traded in Other Exchanges
Address
245 Park Avenue, 42nd Floor, New York, NY, USA, 10167
Ares Commercial Real Estate Corp is a specialty finance company and a Real Estate Investment Trust providing commercial real estate loans and related investments. The company operates in one segment namely originating and managing a diversified portfolio of CRE debt-related investments. The group recognizes its revenues through the interest income it receives from loans.

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