MAC Relative Valuation
MAC's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, MAC is overvalued; if below, it's undervalued.
Historical Valuation
Macerich Co (MAC) is now in the Fair zone, suggesting that its current forward PS ratio of 4.80 is considered Fairly compared with the five-year average of -207.65. The fair price of Macerich Co (MAC) is between 13.11 to 19.32 according to relative valuation methord.
Relative Value
Fair Zone
13.11-19.32
Current Price：18.67
Fair
-86.15
PE
1Y
3Y
5Y
Trailing
Forward
17.74
EV/EBITDA
Macerich Co. (MAC) has a current EV/EBITDA of 17.74. The 5-year average EV/EBITDA is 14.71. The thresholds are as follows: Strongly Undervalued below 8.41, Undervalued between 8.41 and 11.56, Fairly Valued between 17.86 and 11.56, Overvalued between 17.86 and 21.00, and Strongly Overvalued above 21.00. The current Forward EV/EBITDA of 17.74 falls within the Historic Trend Line -Fairly Valued range.
46.86
EV/EBIT
Macerich Co. (MAC) has a current EV/EBIT of 46.86. The 5-year average EV/EBIT is 43.78. The thresholds are as follows: Strongly Undervalued below 15.51, Undervalued between 15.51 and 29.64, Fairly Valued between 57.91 and 29.64, Overvalued between 57.91 and 72.05, and Strongly Overvalued above 72.05. The current Forward EV/EBIT of 46.86 falls within the Historic Trend Line -Fairly Valued range.
4.80
PS
Macerich Co. (MAC) has a current PS of 4.80. The 5-year average PS is 3.76. The thresholds are as follows: Strongly Undervalued below 1.77, Undervalued between 1.77 and 2.77, Fairly Valued between 4.76 and 2.77, Overvalued between 4.76 and 5.76, and Strongly Overvalued above 5.76. The current Forward PS of 4.80 falls within the Overvalued range.
15.14
P/OCF
Macerich Co. (MAC) has a current P/OCF of 15.14. The 5-year average P/OCF is 14.85. The thresholds are as follows: Strongly Undervalued below 1.19, Undervalued between 1.19 and 8.02, Fairly Valued between 21.67 and 8.02, Overvalued between 21.67 and 28.50, and Strongly Overvalued above 28.50. The current Forward P/OCF of 15.14 falls within the Historic Trend Line -Fairly Valued range.
69.28
P/FCF
Macerich Co. (MAC) has a current P/FCF of 69.28. The 5-year average P/FCF is 34.38. The thresholds are as follows: Strongly Undervalued below -16.51, Undervalued between -16.51 and 8.93, Fairly Valued between 59.82 and 8.93, Overvalued between 59.82 and 85.27, and Strongly Overvalued above 85.27. The current Forward P/FCF of 69.28 falls within the Overvalued range.
Macerich Co (MAC) has a current Price-to-Book (P/B) ratio of 1.89. Compared to its 3-year average P/B ratio of 1.34 , the current P/B ratio is approximately 41.09% higher. Relative to its 5-year average P/B ratio of 1.20, the current P/B ratio is about 57.61% higher. Macerich Co (MAC) has a Forward Free Cash Flow (FCF) yield of approximately 6.87%. Compared to its 3-year average FCF yield of 9.74%, the current FCF yield is approximately -29.45% lower. Relative to its 5-year average FCF yield of 9.49% , the current FCF yield is about -27.58% lower.
1.89
P/B
Median3y
1.34
Median5y
1.20
6.87
FCF Yield
Median3y
9.74
Median5y
9.49
Competitors Valuation Multiple
The average P/S ratio for MAC's competitors is 5.02, providing a benchmark for relative valuation. Macerich Co Corp (MAC) exhibits a P/S ratio of 4.80, which is -4.48% above the industry average. Given its robust revenue growth of 15.00%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of MAC decreased by 5.40% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 220.22M to 253.26M.
The secondary factor is the P/E Change, contributed 9.80%to the performance.
Overall, the performance of MAC in the past 1 year is driven by Revenue Growth. Which is more sustainable.
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FAQ
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