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Chimera Investment (FRA:4CR0) Cyclically Adjusted PB Ratio : 0.20 (As of May. 29, 2024)


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What is Chimera Investment Cyclically Adjusted PB Ratio?

As of today (2024-05-29), Chimera Investment's current share price is €10.574. Chimera Investment's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €54.09. Chimera Investment's Cyclically Adjusted PB Ratio for today is 0.20.

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

FRA:4CR0' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.67   Max: 1.18
Current: 0.2

During the past years, Chimera Investment's highest Cyclically Adjusted PB Ratio was 1.18. The lowest was 0.20. And the median was 0.67.

FRA:4CR0's Cyclically Adjusted PB Ratio is ranked better than
91.94% of 496 companies
in the REITs industry
Industry Median: 0.755 vs FRA:4CR0: 0.20

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.

Chimera Investment's adjusted book value per share data for the three months ended in Mar. 2024 was €30.241. 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 €54.09 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chimera Investment Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Chimera 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.

Chimera Investment Cyclically Adjusted PB Ratio Chart

Chimera 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 1.08 0.54 0.76 0.27 0.25

Chimera 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 0.28 0.28 0.27 0.25 0.23

Competitive Comparison of Chimera Investment's Cyclically Adjusted PB Ratio

For the REIT - Mortgage subindustry, Chimera 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.


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

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

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



Chimera 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.

Chimera Investment's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.574/54.09
=0.20

* 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.

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

For example, Chimera 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)
=30.241/131.7762*131.7762
=30.241

Current CPI (Mar. 2024) = 131.7762.

Chimera Investment Quarterly Data

Book Value per Share CPI Adj_Book
201406 36.968 100.560 48.444
201409 40.683 100.428 53.382
201412 42.703 99.070 56.801
201503 47.507 99.621 62.841
201506 44.729 100.684 58.542
201509 43.785 100.392 57.473
201512 43.225 99.792 57.079
201603 41.812 100.470 54.840
201606 42.143 101.688 54.613
201609 43.240 101.861 55.939
201612 47.316 101.863 61.211
201703 52.460 102.862 67.206
201706 50.854 103.349 64.842
201709 48.874 104.136 61.847
201712 49.061 104.011 62.158
201803 47.764 105.290 59.780
201806 50.122 106.317 62.125
201809 53.795 106.507 66.558
201812 52.211 105.998 64.909
201903 56.078 107.251 68.902
201906 56.298 108.070 68.648
201909 58.140 108.329 70.724
201912 57.005 108.420 69.285
202003 47.380 108.902 57.332
202006 38.989 108.767 47.237
202009 40.545 109.815 48.653
202012 40.420 109.897 48.467
202103 38.979 111.754 45.962
202106 38.340 114.631 44.074
202109 41.425 115.734 47.167
202112 41.859 117.630 46.893
202203 38.340 121.301 41.651
202206 36.403 125.017 38.371
202209 34.691 125.227 36.505
202212 32.574 125.222 34.279
202303 31.981 127.348 33.093
202306 31.551 128.729 32.298
202309 30.918 129.860 31.374
202312 29.162 129.419 29.693
202403 30.241 131.776 30.241

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.


Chimera Investment  (FRA:4CR0) 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.


Chimera Investment Cyclically Adjusted PB Ratio Related Terms

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


Chimera Investment (FRA:4CR0) Business Description

Industry
Address
630 Fifth Avenue, Suite 2400, New York, NY, USA, 10111
Chimera Investment Corporation is a real estate investment trust engaged in investing in a portfolio of mortgage assets on a leveraged basis. These investments include a variety of government-sponsored agency residential mortgage-backed securities, or RMBS, non-agency RMBS, agency commercial mortgage-backed securities, residential mortgage loans, and other real estate-related securities. Agency mortgage-backed securities represent the largest share of this portfolio, while subprime residential mortgage loans and non-agency RMBS also make up substantial shares. A significant percentage of these securities are backed by properties in California. The company generates nearly all of its income from interest payments derived from its investments.

Chimera Investment (FRA:4CR0) Headlines

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