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Vastned Retail NV (CHIX:VASTNA) Cyclically Adjusted PB Ratio : 0.38 (As of Jun. 08, 2024)


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What is Vastned Retail NV Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Vastned Retail NV's current share price is €21.05. Vastned Retail NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was €55.74. Vastned Retail NV's Cyclically Adjusted PB Ratio for today is 0.38.

The historical rank and industry rank for Vastned Retail NV's Cyclically Adjusted PB Ratio or its related term are showing as below:

CHIX:VASTNa' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.58   Max: 0.83
Current: 0.49

During the past 13 years, Vastned Retail NV's highest Cyclically Adjusted PB Ratio was 0.83. The lowest was 0.28. And the median was 0.58.

CHIX:VASTNa's Cyclically Adjusted PB Ratio is ranked better than
70.71% of 495 companies
in the REITs industry
Industry Median: 0.76 vs CHIX:VASTNa: 0.49

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Vastned Retail NV's adjusted book value per share data of for the fiscal year that ended in Dec23 was €38.754. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €55.74 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vastned Retail NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Vastned Retail NV'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.

Vastned Retail NV Cyclically Adjusted PB Ratio Chart

Vastned Retail NV 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 0.54 0.48 0.49 0.41 0.40

Vastned Retail NV Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.49 - 0.41 - 0.40

Competitive Comparison of Vastned Retail NV's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Vastned Retail NV'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.


Vastned Retail NV's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Vastned Retail NV's Cyclically Adjusted PB Ratio falls into.



Vastned Retail NV 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.

Vastned Retail NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.05/55.74
=0.38

* 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.

Vastned Retail NV's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Vastned Retail NV's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=38.754/126.4500*126.4500
=38.754

Current CPI (Dec23) = 126.4500.

Vastned Retail NV Annual Data

Book Value per Share CPI Adj_Book
201412 41.090 99.050 52.457
201512 42.898 99.730 54.391
201612 42.257 100.710 53.057
201712 46.115 101.970 57.186
201812 46.405 103.970 56.439
201912 46.276 106.800 54.790
202012 42.980 107.850 50.392
202112 41.574 114.010 46.110
202212 41.737 124.940 42.241
202312 38.754 126.450 38.754

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.


Vastned Retail NV  (CHIX:VASTNa) 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.


Vastned Retail NV Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Vastned Retail NV's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Vastned Retail NV (CHIX:VASTNA) Business Description

Industry
Traded in Other Exchanges
Address
Mercuriusplein 11, Hoofddorp, NH, NLD, 2132 HA
Vastned Retail NV is a real estate company that focuses on retail properties, in shopping streets in old European towns. The company generates the majority of revenue from leasing properties to tenants, which include fashion and accessory chain stores, dining venues, and general retailers. The company operates through segments based on geography: Netherlands, France, Belgium, Spain. Vastned Retail generates the majority of its rental revenue from the Netherlands, France, and Belgium segments.

Vastned Retail NV (CHIX:VASTNA) Headlines

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