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Omega Healthcare Investors (FRA:WX4) Cyclically Adjusted PB Ratio : 1.57 (As of May. 26, 2024)


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What is Omega Healthcare Investors Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Omega Healthcare Investors's current share price is €29.00. Omega Healthcare Investors's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €18.43. Omega Healthcare Investors's Cyclically Adjusted PB Ratio for today is 1.57.

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

FRA:WX4' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.37   Med: 2.55   Max: 5.17
Current: 1.55

During the past years, Omega Healthcare Investors's highest Cyclically Adjusted PB Ratio was 5.17. The lowest was 1.37. And the median was 2.55.

FRA:WX4's Cyclically Adjusted PB Ratio is ranked worse than
78.09% of 493 companies
in the REITs industry
Industry Median: 0.76 vs FRA:WX4: 1.55

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.

Omega Healthcare Investors's adjusted book value per share data for the three months ended in Mar. 2024 was €13.121. 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 €18.43 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Omega Healthcare Investors Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Omega Healthcare Investors'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.

Omega Healthcare Investors Cyclically Adjusted PB Ratio Chart

Omega Healthcare Investors 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 2.84 2.31 1.69 1.46 1.54

Omega Healthcare Investors 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 1.41 1.55 1.66 1.54 1.56

Competitive Comparison of Omega Healthcare Investors's Cyclically Adjusted PB Ratio

For the REIT - Healthcare Facilities subindustry, Omega Healthcare Investors'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.


Omega Healthcare Investors's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Omega Healthcare Investors's Cyclically Adjusted PB Ratio falls into.



Omega Healthcare Investors 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.

Omega Healthcare Investors's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.00/18.43
=1.57

* 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.

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

For example, Omega Healthcare Investors'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)
=13.121/131.7762*131.7762
=13.121

Current CPI (Mar. 2024) = 131.7762.

Omega Healthcare Investors Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.038 100.560 10.533
201409 8.566 100.428 11.240
201412 8.906 99.070 11.846
201503 11.793 99.621 15.599
201506 17.981 100.684 23.534
201509 17.820 100.392 23.391
201512 18.311 99.792 24.180
201603 17.624 100.470 23.116
201606 17.500 101.688 22.678
201609 17.452 101.861 22.577
201612 18.650 101.863 24.127
201703 18.359 102.862 23.520
201706 17.276 103.349 22.028
201709 15.278 104.136 19.333
201712 15.148 104.011 19.192
201803 14.450 105.290 18.085
201806 15.064 106.317 18.671
201809 14.785 106.507 18.293
201812 14.963 105.998 18.602
201903 15.160 107.251 18.627
201906 15.575 108.070 18.992
201909 16.134 108.329 19.626
201912 16.423 108.420 19.961
202003 16.043 108.902 19.413
202006 15.535 108.767 18.821
202009 14.006 109.815 16.807
202012 13.659 109.897 16.378
202103 14.229 111.754 16.778
202106 14.017 114.631 16.113
202109 14.358 115.734 16.348
202112 14.463 117.630 16.202
202203 14.934 121.301 16.224
202206 15.118 125.017 15.935
202209 15.949 125.227 16.783
202212 14.545 125.222 15.306
202303 13.938 127.348 14.423
202306 13.880 128.729 14.209
202309 14.033 129.860 14.240
202312 13.364 129.419 13.607
202403 13.121 131.776 13.121

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.


Omega Healthcare Investors  (FRA:WX4) 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.


Omega Healthcare Investors Cyclically Adjusted PB Ratio Related Terms

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


Omega Healthcare Investors (FRA:WX4) Business Description

Traded in Other Exchanges
Address
303 International Circle, Suite 200, Hunt Valley, MD, USA, 21030
Omega Healthcare Investors Inc is a healthcare facility real estate investment trust that invests in the United States real estate markets. Omega's portfolio focuses on long-term healthcare facilities. The company maintains dual goals of increasing its returns to investors while also maintaining a high level of care for residents. Omega works to obtain contractual rent escalations under long-term leases, along with fixed-rate mortgage loans. The company considers merger and acquisition investment as a component of its operational growth strategy.

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