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AGNC Investment (AGNC Investment) Cyclically Adjusted PB Ratio : (As of May. 15, 2024)


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What is AGNC Investment Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


AGNC Investment Cyclically Adjusted PB Ratio Historical Data

The historical data trend for AGNC Investment's Cyclically Adjusted PB Ratio 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.

AGNC Investment Cyclically Adjusted PB Ratio Chart

AGNC Investment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.69 0.62 0.60 0.43 0.44

AGNC Investment Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 0.42 0.43 0.41 0.44 0.45

Competitive Comparison of AGNC Investment's Cyclically Adjusted PB Ratio

For the REIT - Mortgage subindustry, AGNC Investment's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


AGNC Investment's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, AGNC Investment's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where AGNC Investment's Cyclically Adjusted PB Ratio falls into.



AGNC Investment Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

AGNC Investment's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, AGNC Investment's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=20.04/129.4194*129.4194
=20.040

Current CPI (Mar. 2024) = 129.4194.

AGNC Investment Quarterly Data

Book Value per Share CPI Adj_Book
201406 26.290 100.560 33.835
201409 25.570 100.428 32.952
201412 25.771 99.070 33.666
201503 25.567 99.621 33.215
201506 24.031 100.684 30.890
201509 23.030 100.392 29.689
201512 22.035 99.792 28.577
201603 21.137 100.470 27.227
201606 21.258 101.688 27.055
201609 21.919 101.861 27.849
201612 20.260 101.863 25.741
201703 20.075 102.862 25.258
201706 21.382 103.349 26.776
201709 23.974 104.136 29.795
201712 23.867 104.011 29.697
201803 22.667 105.290 27.862
201806 24.698 106.317 30.065
201809 26.387 106.507 32.064
201812 27.192 105.998 33.200
201903 28.254 107.251 34.094
201906 27.807 108.070 33.300
201909 27.423 108.329 32.762
201912 29.175 108.420 34.826
202003 23.980 108.902 28.498
202006 25.573 108.767 30.429
202009 26.641 109.815 31.397
202012 27.677 109.897 32.594
202103 28.499 111.754 33.004
202106 26.491 114.631 29.908
202109 26.522 115.734 29.658
202112 25.403 117.630 27.949
202203 21.475 121.301 22.912
202206 18.906 125.017 19.572
202209 16.127 125.227 16.667
202212 17.997 125.222 18.600
202303 17.772 127.348 18.061
202306 18.020 128.729 18.117
202309 16.785 129.860 16.728
202312 19.114 129.419 19.114
202403 20.040 129.419 20.040

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.


AGNC Investment  (NAS:AGNCB.PFD) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


AGNC Investment Cyclically Adjusted PB Ratio Related Terms

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AGNC Investment (AGNC Investment) Business Description

Address
2 Bethesda Metro Center, 12th Floor, Bethesda, MD, USA, 20814
AGNC Investment Corp is a real estate investment trust that invests in agency residential mortgage-backed securities. The firm's asset portfolio is comprised of residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government-sponsored enterprise, such as the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, or by a U.S. Government agency, such as the Government National Mortgage Association. It also invests in other types of mortgage and mortgage-related residential and commercial mortgage-backed securities or other investments in or related to, the housing, mortgage or real estate markets.