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Gaming and Leisure Properties (Gaming and Leisure Properties) Cyclically Adjusted Revenue per Share : $5.93 (As of Mar. 2024)


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What is Gaming and Leisure 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.

Gaming and Leisure Properties's adjusted revenue per share for the three months ended in Mar. 2024 was $1.382. 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 $5.93 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Gaming and Leisure Properties's average Cyclically Adjusted Revenue Growth Rate was -100.00% 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 (2024-04-27), Gaming and Leisure Properties's current stock price is $42.46. Gaming and Leisure Properties's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $5.93. Gaming and Leisure Properties's Cyclically Adjusted PS Ratio of today is 7.16.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Gaming and Leisure Properties was 9.84. The lowest was 7.32. And the median was 8.49.


Gaming and Leisure Properties Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Gaming and Leisure 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.

Gaming and Leisure Properties Cyclically Adjusted Revenue per Share Chart

Gaming and Leisure 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 - - - 5.58 5.96

Gaming and Leisure 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 5.75 5.88 6.01 5.96 5.93

Competitive Comparison of Gaming and Leisure Properties's Cyclically Adjusted Revenue per Share

For the REIT - Specialty subindustry, Gaming and Leisure 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.


Gaming and Leisure Properties's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

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

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



Gaming and Leisure 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, Gaming and Leisure 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)
=1.382/129.4194*129.4194
=1.382

Current CPI (Mar. 2024) = 129.4194.

Gaming and Leisure Properties Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.281 100.560 1.649
201409 1.249 100.428 1.610
201412 1.238 99.070 1.617
201503 1.255 99.621 1.630
201506 1.255 100.684 1.613
201509 1.244 100.392 1.604
201512 1.099 99.792 1.425
201603 1.253 100.470 1.614
201606 1.109 101.688 1.411
201609 1.122 101.861 1.426
201612 1.149 101.863 1.460
201703 1.158 102.862 1.457
201706 1.149 103.349 1.439
201709 1.140 104.136 1.417
201712 1.121 104.011 1.395
201803 1.137 105.290 1.398
201806 1.185 106.317 1.443
201809 1.183 106.507 1.437
201812 1.411 105.998 1.723
201903 1.337 107.251 1.613
201906 1.340 108.070 1.605
201909 1.336 108.329 1.596
201912 1.329 108.420 1.586
202003 1.316 108.902 1.564
202006 1.213 108.767 1.443
202009 1.405 109.815 1.656
202012 1.314 109.897 1.547
202103 1.292 111.754 1.496
202106 1.358 114.631 1.533
202109 1.265 115.734 1.415
202112 1.237 117.630 1.361
202203 1.270 121.301 1.355
202206 1.315 125.017 1.361
202209 1.296 125.227 1.339
202212 1.289 125.222 1.332
202303 1.352 127.348 1.374
202306 1.354 128.729 1.361
202309 1.361 129.860 1.356
202312 1.288 129.419 1.288
202403 1.382 129.419 1.382

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


Gaming and Leisure Properties  (NAS:GLPI) 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.

Gaming and Leisure Properties's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=42.46/5.93
=7.16

* 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 Gaming and Leisure Properties was 9.84. The lowest was 7.32. And the median was 8.49.


Be Aware

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


Gaming and Leisure Properties Cyclically Adjusted Revenue per Share Related Terms

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


Gaming and Leisure Properties (Gaming and Leisure Properties) Business Description

Industry
Traded in Other Exchanges
Address
845 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610
Gaming and Leisure Properties Inc, or GLP, is a real estate investment property trust primarily involved in the leasing of gaming and related facilities to wholly-owned subsidiaries of Penn National Gaming, or Penn, throughout the U.S. GLP segments its operations into GLP Capital and TRS Properties divisions. The company derives the vast majority of its revenue from its GLP Capital unit in the form of rental income from dockside and land-based casinos located mostly in the American Midwest. Almost all of GLP Capital's leases are long-term agreements that give Penn the option for future extensions. Gaming revenue generated by TRS Properties, which encompasses the operations of Hollywood Casino Perryville and Hollywood Casino Baton Rouge, also represents a significant income stream for GLP.
Executives
Steven Ladany officer: SVP Chief Development Officer 845 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610
Brandon John Moore officer: SVP & General Counsel 845 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610
Matthew Demchyk officer: SVP, Investments 845 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
Desiree A. Burke officer: Chief Accounting Officer 845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Barry F Schwartz director 35 EAST 62ND ST, NEW YORK NY 10021
E Scott Urdang director 845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Joanne A. Epps director, Director C/O PENN, REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 S. BROAD STREET, PHILADELPHIA PA 19102
Earl C Shanks director CONVERGYS CORPORATION, 201 EAST FOURTH STREET, CINCINNATI OH 45202
Peter M Carlino director, officer: CEO & President 845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610
Carol Lynton director C/O EL POLLO HOLDINGS, INC., 3535 HARBOR BOULEVARD, SUITE 100, COSTA MESA CA 92626
Marshall Joseph W Iii director 500 OFFICE CENTER DRIVE, SUITE 400, FT. WASHINGTON PA 19034
David A Handler director 845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610
William J Clifford officer: CFO, Sec. & Treas. 845 BERKSHIRE BLVD. SUITE 200, WYOMISSING PA 19610
James Perry director
Steven T. Snyder officer: SR VP-Corp Development 845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610