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W.P. Carey (FRA:WPY) Cyclically Adjusted PB Ratio : 1.27 (As of May. 29, 2024)


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What is W.P. Carey Cyclically Adjusted PB Ratio?

As of today (2024-05-29), W.P. Carey's current share price is €51.26. W.P. Carey's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €40.40. W.P. Carey's Cyclically Adjusted PB Ratio for today is 1.27.

The historical rank and industry rank for W.P. Carey's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:WPY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.18   Med: 2.41   Max: 3.56
Current: 1.28

During the past years, W.P. Carey's highest Cyclically Adjusted PB Ratio was 3.56. The lowest was 1.18. And the median was 2.41.

FRA:WPY's Cyclically Adjusted PB Ratio is ranked worse than
72.98% of 496 companies
in the REITs industry
Industry Median: 0.755 vs FRA:WPY: 1.28

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.

W.P. Carey's adjusted book value per share data for the three months ended in Mar. 2024 was €36.464. 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 €40.40 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


W.P. Carey Cyclically Adjusted PB Ratio Historical Data

The historical data trend for W.P. Carey'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.

W.P. Carey Cyclically Adjusted PB Ratio Chart

W.P. Carey 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 2.52 2.06 2.12 1.85 1.49

W.P. Carey 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 1.79 1.54 1.22 1.49 1.28

Competitive Comparison of W.P. Carey's Cyclically Adjusted PB Ratio

For the REIT - Diversified subindustry, W.P. Carey'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.


W.P. Carey's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, W.P. Carey's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where W.P. Carey's Cyclically Adjusted PB Ratio falls into.



W.P. Carey 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.

W.P. Carey's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=51.26/40.4
=1.27

* 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.

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

For example, W.P. Carey'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)
=36.464/131.7762*131.7762
=36.464

Current CPI (Mar. 2024) = 131.7762.

W.P. Carey Quarterly Data

Book Value per Share CPI Adj_Book
201406 27.258 100.560 35.720
201409 28.822 100.428 37.819
201412 29.238 99.070 38.891
201503 31.671 99.621 41.894
201506 30.722 100.684 40.209
201509 29.748 100.392 39.048
201512 30.122 99.792 39.776
201603 29.098 100.470 38.165
201606 28.200 101.688 36.544
201609 28.370 101.861 36.702
201612 29.446 101.863 38.093
201703 28.583 102.862 36.618
201706 26.963 103.349 34.379
201709 25.340 104.136 32.066
201712 25.228 104.011 31.962
201803 23.825 105.290 29.818
201806 24.753 106.317 30.681
201809 24.473 106.507 30.279
201812 36.293 105.998 45.119
201903 36.578 107.251 44.943
201906 36.199 108.070 44.140
201909 36.673 108.329 44.610
201912 36.265 108.420 44.077
202003 35.543 108.902 43.009
202006 34.729 108.767 42.076
202009 33.340 109.815 40.007
202012 32.227 109.897 38.643
202103 32.597 111.754 38.437
202106 32.880 114.631 37.798
202109 33.697 115.734 38.368
202112 35.313 117.630 39.560
202203 36.307 121.301 39.442
202206 37.468 125.017 39.494
202209 42.720 125.227 44.954
202212 40.309 125.222 42.419
202303 40.617 127.348 42.029
202306 39.831 128.729 40.774
202309 40.009 129.860 40.600
202312 36.485 129.419 37.149
202403 36.464 131.776 36.464

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.


W.P. Carey  (FRA:WPY) 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.


W.P. Carey Cyclically Adjusted PB Ratio Related Terms

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


W.P. Carey (FRA:WPY) Business Description

Industry
Traded in Other Exchanges
Address
One Manhattan West, 395 9th Avenue, 58th Floor, New York, NY, USA, 10001
W.P. Carey Inc is a real estate investment trust principally involved in the ownership of properties located in the U.S., Western Europe, and Northern Europe. W.P. Carey organizes its operations into Real Estate and Investment Management segments. The vast majority of the company's income is derived from its Real Estate division in the form of lease revenue from long-term agreements with companies. W.P. Carey's real estate portfolio is primarily comprised of single-tenant office, industrial, warehouse, and retail facilities located around the world. most of the company's revenue comes from properties in the USA. The company's Investment Management unit generates revenue from providing real estate advisory and portfolio management services to other REITs.

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