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TAG Immobilien AG (LTS:TEGJ) Cyclically Adjusted PB Ratio : (As of May. 18, 2024)


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What is TAG Immobilien AG Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


TAG Immobilien AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for TAG Immobilien 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.

TAG Immobilien AG Cyclically Adjusted PB Ratio Chart

TAG Immobilien 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 2.28 2.42 1.99 0.44 0.88

TAG Immobilien 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 0.45 0.60 0.67 0.88 0.83

Competitive Comparison of TAG Immobilien AG's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, TAG Immobilien 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.


TAG Immobilien AG's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, TAG Immobilien AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



TAG Immobilien 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.

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

For example, TAG Immobilien 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)
=20.906/125.0381*125.0381
=20.906

Current CPI (Mar. 2024) = 125.0381.

TAG Immobilien AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 8.223 99.543 10.329
201409 8.527 99.823 10.681
201412 8.042 99.543 10.102
201503 8.403 99.717 10.537
201506 7.931 100.417 9.876
201509 8.407 100.417 10.468
201512 8.648 99.717 10.844
201603 8.878 100.017 11.099
201606 8.501 100.717 10.554
201609 9.405 101.017 11.641
201612 9.591 101.217 11.848
201703 10.104 101.417 12.457
201706 9.873 102.117 12.089
201709 10.010 102.717 12.185
201712 11.543 102.617 14.065
201803 11.721 102.917 14.240
201806 12.382 104.017 14.884
201809 12.592 104.718 15.035
201812 14.245 104.217 17.091
201903 14.474 104.217 17.366
201906 15.081 105.718 17.837
201909 15.315 106.018 18.063
201912 16.631 105.818 19.652
202003 16.773 105.718 19.838
202006 17.177 106.618 20.145
202009 16.982 105.818 20.067
202012 18.478 105.518 21.896
202103 18.661 107.518 21.702
202106 19.793 108.486 22.813
202109 19.996 109.435 22.847
202112 21.581 110.384 24.446
202203 21.768 113.968 23.882
202206 22.603 115.760 24.415
202209 23.982 118.818 25.237
202212 22.708 119.345 23.791
202303 22.944 122.402 23.438
202306 20.997 123.140 21.321
202309 20.981 124.195 21.123
202312 20.484 123.773 20.693
202403 20.906 125.038 20.906

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.


TAG Immobilien AG  (LTS:TEGJ) 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.


TAG Immobilien AG Cyclically Adjusted PB Ratio Related Terms

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TAG Immobilien AG (LTS:TEGJ) Business Description

Industry
Traded in Other Exchanges
Address
Steckelhorn 5, Hamburg, DEU, 20457
TAG Immobilien AG is a general real estate company that operates in Germany. The company reports multiple business segments based on location. The company's revenue sources are largely split between its top regions, while its Berlin operations slightly outweigh the others. Tag rents and manages residential properties, as well as commercial real estate properties and boarding houses. The company focuses on regions characterized by improving quality of life while considering acquisition activity as a component of its operational growth strategy.

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