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Medical Properties Trust (FRA:M3P) Cyclically Adjusted PB Ratio : 0.39 (As of May. 24, 2024)


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What is Medical Properties Trust Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Medical Properties Trust's current share price is €4.874. Medical Properties Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was €12.55. Medical Properties Trust's Cyclically Adjusted PB Ratio for today is 0.39.

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

FRA:M3P' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 1.47   Max: 2.41
Current: 0.37

During the past years, Medical Properties Trust's highest Cyclically Adjusted PB Ratio was 2.41. The lowest was 0.22. And the median was 1.47.

FRA:M3P's Cyclically Adjusted PB Ratio is ranked better than
80.12% of 493 companies
in the REITs industry
Industry Median: 0.76 vs FRA:M3P: 0.37

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.

Medical Properties Trust's adjusted book value per share data for the three months ended in Dec. 2023 was €11.683. 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 €12.55 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Medical Properties Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Medical Properties Trust'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.

Medical Properties Trust Cyclically Adjusted PB Ratio Chart

Medical Properties Trust 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 2.10 2.07 2.01 0.86 0.36

Medical Properties Trust 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 0.62 0.68 0.40 0.36 -

Competitive Comparison of Medical Properties Trust's Cyclically Adjusted PB Ratio

For the REIT - Healthcare Facilities subindustry, Medical Properties Trust'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.


Medical Properties Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Medical Properties Trust's Cyclically Adjusted PB Ratio falls into.



Medical Properties Trust 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.

Medical Properties Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.874/12.55
=0.39

* 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.

Medical Properties Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Medical Properties Trust's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=11.683/129.4194*129.4194
=11.683

Current CPI (Dec. 2023) = 129.4194.

Medical Properties Trust Quarterly Data

Book Value per Share CPI Adj_Book
201403 6.078 99.695 7.890
201406 6.062 100.560 7.802
201409 6.362 100.428 8.199
201412 6.488 99.070 8.476
201503 7.987 99.621 10.376
201506 7.700 100.684 9.898
201509 7.935 100.392 10.229
201512 8.152 99.792 10.572
201603 8.067 100.470 10.391
201606 8.007 101.688 10.191
201609 9.092 101.861 11.552
201612 9.608 101.863 12.207
201703 9.463 102.862 11.906
201706 9.333 103.349 11.687
201709 8.818 104.136 10.959
201712 8.859 104.011 11.023
201803 8.537 105.290 10.493
201806 8.992 106.317 10.946
201809 10.505 106.507 12.765
201812 10.784 105.998 13.167
201903 11.015 107.251 13.292
201906 11.017 108.070 13.193
201909 11.797 108.329 14.094
201912 12.222 108.420 14.589
202003 12.095 108.902 14.374
202006 11.871 108.767 14.125
202009 11.426 109.815 13.466
202012 11.142 109.897 13.121
202103 11.690 111.754 13.538
202106 11.572 114.631 13.065
202109 11.910 115.734 13.318
202112 12.516 117.630 13.770
202203 13.519 121.301 14.424
202206 13.996 125.017 14.489
202209 14.892 125.227 15.391
202212 13.577 125.222 14.032
202303 13.178 127.348 13.392
202306 12.825 128.729 12.894
202309 12.971 129.860 12.927
202312 11.683 129.419 11.683

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.


Medical Properties Trust  (FRA:M3P) 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.


Medical Properties Trust Cyclically Adjusted PB Ratio Related Terms

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


Medical Properties Trust (FRA:M3P) Business Description

Traded in Other Exchanges
Address
1000 Urban Center Drive, Suite 501, Birmingham, AL, USA, 35242
Medical Properties Trust Inc is a healthcare facility REIT. The company operates one segment, which owns and leases healthcare facilities. The vast majority of Medical's revenue is generated in the United States, followed by Germany and the United Kingdom. The company considers merger and acquisition investment as a component of its operational growth strategy. It provides financing for a variety of facilities that require funds for acquisitions, sale-leasebacks, new developments, and expansion projects.

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