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Monmouth Real Estate Investment (Monmouth Real Estate Investment) Cyclically Adjusted PB Ratio : (As of Apr. 30, 2024)


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What is Monmouth Real Estate Investment Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Monmouth Real Estate Investment Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Monmouth Real Estate Investment'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.

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Monmouth Real Estate Investment Cyclically Adjusted PB Ratio Chart

Monmouth Real Estate Investment Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Cyclically Adjusted PB Ratio
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Monmouth Real Estate Investment Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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Competitive Comparison of Monmouth Real Estate Investment's Cyclically Adjusted PB Ratio

For the REIT - Industrial subindustry, Monmouth Real Estate Investment'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.


Monmouth Real Estate Investment's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Monmouth Real Estate Investment's Cyclically Adjusted PB Ratio falls into.



Monmouth Real Estate Investment 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.

Monmouth Real Estate Investment's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2021 is calculated as:

For example, Monmouth Real Estate Investment's adjusted Book Value per Share data for the three months ended in Dec. 2021 was:

Adj_Book=Book Value per Share/CPI of Dec. 2021 (Change)*Current CPI (Dec. 2021)
=5.474/117.6295*117.6295
=5.474

Current CPI (Dec. 2021) = 117.6295.

Monmouth Real Estate Investment Quarterly Data

Book Value per Share CPI Adj_Book
201203 5.278 96.783 6.415
201206 5.130 96.819 6.233
201209 5.030 97.633 6.060
201212 5.006 96.871 6.079
201303 5.139 98.209 6.155
201306 5.107 98.518 6.098
201309 5.056 98.790 6.020
201312 5.046 98.326 6.037
201403 5.107 99.695 6.026
201406 5.547 100.560 6.489
201409 5.431 100.428 6.361
201412 5.415 99.070 6.429
201503 5.427 99.621 6.408
201506 5.364 100.684 6.267
201509 5.393 100.392 6.319
201512 5.446 99.792 6.419
201603 5.577 100.470 6.529
201606 5.805 101.688 6.715
201609 5.881 101.861 6.791
201612 5.935 101.863 6.854
201703 5.988 102.862 6.848
201706 6.072 103.349 6.911
201709 6.173 104.136 6.973
201712 6.244 104.011 7.062
201803 5.999 105.290 6.702
201806 6.382 106.317 7.061
201809 6.266 106.507 6.920
201812 6.685 105.998 7.419
201903 6.859 107.251 7.523
201906 6.738 108.070 7.334
201909 6.881 108.329 7.472
201912 6.825 108.420 7.405
202003 5.916 108.902 6.390
202006 6.021 108.767 6.512
202009 5.768 109.815 6.178
202012 5.865 109.897 6.278
202103 5.966 111.754 6.280
202106 5.963 114.631 6.119
202109 5.543 115.734 5.634
202112 5.474 117.630 5.474

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.


Monmouth Real Estate Investment  (NYSE:MNR) 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.


Monmouth Real Estate Investment Cyclically Adjusted PB Ratio Related Terms

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Monmouth Real Estate Investment (Monmouth Real Estate Investment) Business Description

Traded in Other Exchanges
N/A
Address
101 Crawfords Corner Road, Suite 1405, Holmdel, NJ, USA, 07733
Monmouth Real Estate Investment Corp is engaged in the ownership and management of industrial buildings subject to long-term net leases, mainly to investment grade tenants. The company's primary business is the ownership of real estate. Its investment focus is to own well-located, modern, single tenant, industrial buildings, leased primarily to investment-grade tenants.
Executives
Katie Traks officer: Controller 3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Michael P Landy director, officer: President and CEO 3499 ROUTE 9 N STE 3-C, FREEHOLD NJ 07728
Kevin S. Miller director, officer: Chief Financial Officer 65 SANDPIPER DRIVE MANALAPAN NJ 07726
Samuel A Landy director 3499 ROUTE 9 NORTH, STE 3C, FREEDHOLD NJ 07728
Matthew I Hirsch director 3499 ROUTE 9 NORTH, STE 3C, FREEDHOLD NJ 07728
Eugene W Landy director, officer: Chairman of the Board 3499 ROUTE 9 NORTH SUITE 3C, FREEHOLD NJ 07728
Neal Herstik director 3499 ROUTE 9 NORTH STE 3C FREEDHOLD NJ 07728
Daniel D Cronheim director 3499 ROUTE 9 NORTH STE 3C FREEDHOLD NJ 07728
Scott L Robinson director 3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Catherine B. Elflein director 3499 ROUTE 9 NORTH SUITE 3C FREEHOLD NJ 07728
Brian Haimm director 3499 ROUTE 9 NORTH SUITE 3C FREEHOLD NJ 07728
Gregory Thomas Otto director 3499 ROUTE 9 NORTH SUITE 3D FREEHOLD NJ 07728
Kiernan Conway director 3499 RT. 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Sonal Pande director 101 CRAWFORDS CORNER ROAD SUITE 1405 HOLMDEL NJ 07733
Michael D Prashad officer: General Counsel 101 CRAWFORDS CORNER ROAD HOLMDEL NJ 07733