GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Realty Income Corp (STU:RY6) » Definitions » Cyclically Adjusted PB Ratio

Realtyome (STU:RY6) Cyclically Adjusted PB Ratio : 1.45 (As of May. 24, 2024)


View and export this data going back to 2013. Start your Free Trial

What is Realtyome Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Realtyome's current share price is €48.655. Realtyome's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €33.64. Realtyome's Cyclically Adjusted PB Ratio for today is 1.45.

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

STU:RY6' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.4   Med: 2.78   Max: 4
Current: 1.44

During the past years, Realtyome's highest Cyclically Adjusted PB Ratio was 4.00. The lowest was 1.40. And the median was 2.78.

STU:RY6's Cyclically Adjusted PB Ratio is ranked worse than
76.88% of 493 companies
in the REITs industry
Industry Median: 0.76 vs STU:RY6: 1.44

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.

Realtyome's adjusted book value per share data for the three months ended in Mar. 2024 was €41.191. 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 €33.64 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Realtyome Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Realtyome'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.

Realtyome Cyclically Adjusted PB Ratio Chart

Realtyome 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 3.11 2.42 2.52 1.94 1.63

Realtyome 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 1.88 1.74 1.43 1.63 1.49

Competitive Comparison of Realtyome's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Realtyome'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.


Realtyome's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Realtyome 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.

Realtyome's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=48.655/33.64
=1.45

* 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.

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

For example, Realtyome'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)
=41.191/131.7762*131.7762
=41.191

Current CPI (Mar. 2024) = 131.7762.

Realtyome Quarterly Data

Book Value per Share CPI Adj_Book
201406 17.278 100.560 22.642
201409 18.005 100.428 23.625
201412 18.818 99.070 25.031
201503 21.386 99.621 28.289
201506 21.112 100.684 27.632
201509 21.123 100.392 27.727
201512 22.495 99.792 29.705
201603 21.758 100.470 28.538
201606 22.100 101.688 28.639
201609 21.912 101.861 28.347
201612 23.216 101.863 30.034
201703 24.090 102.862 30.862
201706 22.736 103.349 28.990
201709 21.898 104.136 27.710
201712 21.916 104.011 27.766
201803 20.727 105.290 25.941
201806 22.065 106.317 27.349
201809 22.289 106.507 27.577
201812 23.408 105.998 29.101
201903 23.257 107.251 28.575
201906 24.578 108.070 29.970
201909 25.892 108.329 31.496
201912 26.368 108.420 32.048
202003 27.377 108.902 33.128
202006 26.624 108.767 32.256
202009 25.355 109.815 30.426
202012 24.993 109.897 29.969
202103 25.941 111.754 30.589
202106 25.848 114.631 29.714
202109 28.042 115.734 31.929
202112 37.499 117.630 42.009
202203 38.493 121.301 41.817
202206 40.328 125.017 42.508
202209 43.059 125.227 45.311
202212 41.050 125.222 43.199
202303 40.594 127.348 42.006
202306 40.556 128.729 41.516
202309 40.977 129.860 41.582
202312 40.145 129.419 40.876
202403 41.191 131.776 41.191

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.


Realtyome  (STU:RY6) 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.


Realtyome Cyclically Adjusted PB Ratio Related Terms

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


Realtyome (STU:RY6) Business Description

Industry
Traded in Other Exchanges
Address
11995 El Camino Real, San Diego, CA, USA, 92130
Realty Income owns roughly 13,100 properties, most of which are freestanding, single-tenant, triple-net-leased retail properties. Its properties are located in 49 states and Puerto Rico and are leased to 250 tenants from 47 industries. Recent acquisitions have added industrial, gaming, office, manufacturing, and distribution properties, which make up roughly 17% of revenue.

Realtyome (STU:RY6) Headlines

No Headlines