This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
The historical rank and industry rank for Vicinity Centres's Median PS Value or its related term are showing as below:
ASX:VCX'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.86 Med: 0.89 Max: 0.91
Current: 0.87
During the past 12 years, the highest Price to Median PS Value of Vicinity Centres was 0.91. The lowest was 0.86. And the median was 0.89.
ASX:VCX's Price-to-Median-PS-Value is ranked worse than 62.47% of 373
companies
in the REITs industry
Industry Median: 0.79
vs ASX:VCX: 0.87
Vicinity Centres Median PS Value Historical Data
The historical data trend for Vicinity Centres's Median PS Value 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.
Competitive Comparison of Vicinity Centres's Median PS Value
For the REIT - Retail subindustry, Vicinity Centres's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
Vicinity Centres's Price-to-Median-PS-Value Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Vicinity Centres's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Vicinity Centres's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 7.5088.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Vicinity Centres's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was A$0.285.
* 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.
Vicinity Centres (ASX:VCX) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Vicinity Centres's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
1.87
/
2.14
=
0.87
* 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.
Vicinity Centres Median PS Value Related Terms
Thank you for viewing the detailed overview of Vicinity Centres's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Vicinity was created after the merger of Federation Centres and Novion in June 2015, creating one of Australia's largest retail REITs. Its directly and indirectly owned assets have a book value of about AUD 14 billion. The assets are skewed to large, high-end shopping centres, with about half in major regional malls, a fifth in subregional, 15% in CBD locations, 13% in outlet centres, and 1% in neighbourhood malls.
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