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Aareal Bank AG (HAM:ARLN) Cyclically Adjusted PB Ratio : 0.60 (As of May. 19, 2024)


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What is Aareal Bank AG Cyclically Adjusted PB Ratio?

As of today (2024-05-19), Aareal Bank AG's current share price is €33.90. Aareal Bank AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €56.51. Aareal Bank AG's Cyclically Adjusted PB Ratio for today is 0.60.

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

HAM:ARLN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.6   Max: 0.99
Current: 0.6

During the past years, Aareal Bank AG's highest Cyclically Adjusted PB Ratio was 0.99. The lowest was 0.30. And the median was 0.60.

HAM:ARLN's Cyclically Adjusted PB Ratio is not ranked
in the Banks industry.
Industry Median: 0.93 vs HAM:ARLN: 0.60

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.

Aareal Bank AG's adjusted book value per share data for the three months ended in Mar. 2024 was €54.697. 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 €56.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aareal Bank AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Aareal Bank AG'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.

Aareal Bank AG Cyclically Adjusted PB Ratio Chart

Aareal Bank AG 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 0.67 0.43 0.60 0.62 0.61

Aareal Bank AG 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 0.60 0.61 0.59 0.61 0.59

Competitive Comparison of Aareal Bank AG's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Aareal Bank AG'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.


Aareal Bank AG's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Aareal Bank AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Aareal Bank AG's Cyclically Adjusted PB Ratio falls into.



Aareal Bank AG 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.

Aareal Bank AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.90/56.51
=0.60

* 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.

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

For example, Aareal Bank AG'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)
=54.697/125.0381*125.0381
=54.697

Current CPI (Mar. 2024) = 125.0381.

Aareal Bank AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 40.279 99.543 50.596
201409 41.131 99.823 51.521
201412 41.449 99.543 52.065
201503 42.718 99.717 53.566
201506 45.224 100.417 56.313
201509 45.943 100.417 57.208
201512 46.811 99.717 58.698
201603 47.413 100.017 59.274
201606 46.494 100.717 57.721
201609 47.146 101.017 58.357
201612 48.231 101.217 59.582
201703 48.532 101.417 59.836
201706 47.313 102.117 57.933
201709 48.165 102.717 58.632
201712 48.816 102.617 59.482
201803 48.950 102.917 59.471
201806 46.728 104.017 56.171
201809 47.630 104.718 56.873
201812 48.883 104.217 58.649
201903 48.933 104.217 58.709
201906 47.095 105.718 55.702
201909 47.029 106.018 55.466
201912 47.764 105.818 56.440
202003 47.697 105.718 56.414
202006 47.546 106.618 55.760
202009 47.463 105.818 56.084
202012 48.549 105.518 57.530
202103 49.501 107.518 57.567
202106 48.900 108.486 56.361
202109 49.668 109.435 56.750
202112 50.036 110.384 56.679
202203 51.239 113.968 56.216
202206 52.458 115.760 56.662
202209 53.494 118.818 56.294
202212 53.277 119.345 55.819
202303 54.246 122.402 55.414
202306 53.978 123.140 54.810
202309 54.864 124.195 55.237
202312 53.377 123.773 53.923
202403 54.697 125.038 54.697

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.


Aareal Bank AG  (HAM:ARLN) 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.


Aareal Bank AG Cyclically Adjusted PB Ratio Related Terms

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


Aareal Bank AG (HAM:ARLN) Business Description

Industry
Traded in Other Exchanges
Address
Paulinenstrasse 15, Wiesbaden, HE, DEU, 65189
Aareal Bank AG is the parent company of the Aareal Bank Group, an international purveyor of financing services that specializes in commercial property financing. The group's companies are organized into three business segments: structured property financing and Banking and Digital solutions and Aareon. Under its structured property financing segment, the group serves its customers' projects in Europe, North America, and Asia. The bank's strategic focus emphasizes local market expertise combined with sector-specific knowledge. Its commercial property financing particularly includes office buildings, hotels, retail, logistics, and residential properties. Most of the bank's new financing opportunities take place in Western Europe.

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