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Regency Centers (FRA:RRC) Cyclically Adjusted PB Ratio : 1.61 (As of Jun. 07, 2024)


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What is Regency Centers Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Regency Centers's current share price is €56.00. Regency Centers's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €34.75. Regency Centers's Cyclically Adjusted PB Ratio for today is 1.61.

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

FRA:RRC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.24   Med: 2.49   Max: 4.21
Current: 1.64

During the past years, Regency Centers's highest Cyclically Adjusted PB Ratio was 4.21. The lowest was 1.24. And the median was 2.49.

FRA:RRC's Cyclically Adjusted PB Ratio is ranked worse than
80.2% of 495 companies
in the REITs industry
Industry Median: 0.77 vs FRA:RRC: 1.64

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.

Regency Centers's adjusted book value per share data for the three months ended in Mar. 2024 was €33.914. 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 €34.75 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Regency Centers Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Regency Centers'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.

Regency Centers Cyclically Adjusted PB Ratio Chart

Regency Centers 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 2.48 1.68 2.48 1.84 1.83

Regency Centers 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 1.76 1.74 1.64 1.83 1.61

Competitive Comparison of Regency Centers's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Regency Centers'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.


Regency Centers's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Regency Centers 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.

Regency Centers's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=56.00/34.75
=1.61

* 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.

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

For example, Regency Centers'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)
=33.914/131.7762*131.7762
=33.914

Current CPI (Mar. 2024) = 131.7762.

Regency Centers Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.695 100.560 15.325
201409 12.709 100.428 16.676
201412 13.692 99.070 18.212
201503 15.203 99.621 20.110
201506 14.757 100.684 19.314
201509 14.770 100.392 19.387
201512 16.399 99.792 21.655
201603 15.901 100.470 20.856
201606 16.533 101.688 21.425
201609 19.182 101.861 24.815
201612 20.629 101.863 26.687
201703 36.669 102.862 46.976
201706 34.696 103.349 44.239
201709 32.599 104.136 41.252
201712 33.069 104.011 41.897
201803 31.494 105.290 39.417
201806 33.055 106.317 40.971
201809 33.012 106.507 40.844
201812 33.572 105.998 41.737
201903 33.634 107.251 41.325
201906 33.366 108.070 40.685
201909 34.025 108.329 41.389
201912 33.459 108.420 40.667
202003 33.165 108.902 40.131
202006 32.130 108.767 38.927
202009 30.304 109.815 36.364
202012 29.072 109.897 34.860
202103 29.608 111.754 34.913
202106 29.253 114.631 33.628
202109 30.223 115.734 34.412
202112 31.285 117.630 35.047
202203 32.491 121.301 35.297
202206 33.941 125.017 35.776
202209 36.195 125.227 38.088
202212 33.725 125.222 35.490
202303 33.187 127.348 34.341
202306 32.688 128.729 33.462
202309 34.786 129.860 35.299
202312 33.903 129.419 34.520
202403 33.914 131.776 33.914

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.


Regency Centers  (FRA:RRC) 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.


Regency Centers Cyclically Adjusted PB Ratio Related Terms

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


Regency Centers (FRA:RRC) Business Description

Industry
Traded in Other Exchanges
Address
One Independent Drive, Suite 114, Jacksonville, FL, USA, 32202-5019
Regency Centers is the largest shopping center-focused retail REIT. The company's portfolio includes an interest in 480 properties, which includes nearly 57 million square feet of retail space following the completion of the Urstadt Biddle acquisition in August 2023. The portfolio is geographically diversified with 22 regional offices and no single market representing more than 14% of total company net operating income. Regency's retail portfolio is primarily composed of grocery-anchored centers, with 80% of properties featuring a grocery anchor and grocery stores representing 20% of annual base rent.

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