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As of today (2024-04-27), Ares Commercial Real Estate's current share price is $6.85. Ares Commercial Real Estate's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $16.92. Ares Commercial Real Estate's Cyclically Adjusted PB Ratio for today is 0.40.
The historical rank and industry rank for Ares Commercial Real Estate's Cyclically Adjusted PB Ratio or its related term are showing as below:
During the past years, Ares Commercial Real Estate's highest Cyclically Adjusted PB Ratio was 0.95. The lowest was 0.39. And the median was 0.62.
ACRE's Cyclically Adjusted PB Ratio is ranked better thanThe 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.
Ares Commercial Real Estate's adjusted book value per share data for the three months ended in Dec. 2023 was $11.558. 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 $16.92 for the trailing ten years ended in Dec. 2023.
The historical data trend for Ares Commercial Real Estate'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.
Ares Commercial Real Estate Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cyclically Adjusted PB Ratio | Get a 7-Day Free Trial | 0.60 | 0.53 | 0.59 | 0.55 | 0.61 |
For the REIT - Mortgage subindustry, Ares Commercial Real Estate'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.
For the REITs industry and Real Estate sector, Ares Commercial Real Estate's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Ares Commercial Real Estate's Cyclically Adjusted PB Ratio falls into.
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.
Ares Commercial Real Estate's Cyclically Adjusted PB Ratio for today is calculated as
Cyclically Adjusted PB Ratio | = | Share Price | / | Cyclically Adjusted Book per Share |
= | 6.85 | / | 16.92 | |
= | 0.40 |
* 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.
Ares Commercial Real Estate's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:
For example, Ares Commercial Real Estate's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:
Adj_Book | = | Book Value per Share | / | CPI of Dec. 2023 (Change) | * | Current CPI (Dec. 2023) |
= | 11.558 | / | 129.4194 | * | 129.4194 | |
= | 11.558 |
Current CPI (Dec. 2023) = 129.4194.
Ares Commercial Real Estate Quarterly Data
Book Value per Share | CPI | Adj_Book | |
201403 | 14.134 | 99.695 | 18.348 |
201406 | 14.118 | 100.560 | 18.170 |
201409 | 14.020 | 100.428 | 18.067 |
201412 | 14.096 | 99.070 | 18.414 |
201503 | 14.101 | 99.621 | 18.319 |
201506 | 14.160 | 100.684 | 18.201 |
201509 | 14.246 | 100.392 | 18.365 |
201512 | 14.312 | 99.792 | 18.561 |
201603 | 14.243 | 100.470 | 18.347 |
201606 | 14.284 | 101.688 | 18.179 |
201609 | 14.685 | 101.861 | 18.658 |
201612 | 14.712 | 101.863 | 18.692 |
201703 | 14.672 | 102.862 | 18.460 |
201706 | 14.589 | 103.349 | 18.269 |
201709 | 14.712 | 104.136 | 18.284 |
201712 | 14.657 | 104.011 | 18.237 |
201803 | 14.711 | 105.290 | 18.082 |
201806 | 14.711 | 106.317 | 17.908 |
201809 | 14.780 | 106.507 | 17.960 |
201812 | 14.800 | 105.998 | 18.070 |
201903 | 14.735 | 107.251 | 17.781 |
201906 | 14.748 | 108.070 | 17.662 |
201909 | 14.749 | 108.329 | 17.620 |
201912 | 14.770 | 108.420 | 17.631 |
202003 | 13.955 | 108.902 | 16.584 |
202006 | 13.908 | 108.767 | 16.549 |
202009 | 14.035 | 109.815 | 16.541 |
202012 | 14.144 | 109.897 | 16.657 |
202103 | 14.229 | 111.754 | 16.478 |
202106 | 14.447 | 114.631 | 16.311 |
202109 | 14.313 | 115.734 | 16.005 |
202112 | 14.395 | 117.630 | 15.838 |
202203 | 14.539 | 121.301 | 15.512 |
202206 | 14.438 | 125.017 | 14.946 |
202209 | 14.091 | 125.227 | 14.563 |
202212 | 13.730 | 125.222 | 14.190 |
202303 | 13.154 | 127.348 | 13.368 |
202306 | 12.768 | 128.729 | 12.837 |
202309 | 12.616 | 129.860 | 12.573 |
202312 | 11.558 | 129.419 | 11.558 |
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.
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.
Thank you for viewing the detailed overview of Ares Commercial Real Estate's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bryan Patrick Donohoe | officer: Chief Executive Officer | C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167 |
Anton Feingold | officer: General Counsel VP & Secretary | C/O CION ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
William Stephen Benjamin | director | C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167 |
Rebecca Jaisali Parekh | director | C/O ARES COMMERCIAL REAL ESTATE, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167 |
Michael J Arougheti | director | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
James Alan Henderson | officer: President and CIO | C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167 |
David A Roth | officer: President | C/O THE BLACKSTONE GROUP, 345 PARK AVE., NEW YORK NY 10154 |
Rand Scott April | director | C/O ARES COMMERCIAL REAL ESTATE MGMT, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167 |
Moriarty Edmond N. Iii | director | C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167 |
Kirk Sykes | director | C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167 |
Robert L Rosen | director | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
James E Skinner | director | NEIMAN MARCUS GROUP, 1618 MAIN ST, DALLAS TX 75201 |
Caroline Blakely | director | ONE NORTH WACKER DRIVE 48TH FL, CHICAGO IL 60606 |
John Jardine | director, officer: Co-Chief Executive Officer | C/O ARES COMMERCIAL REAL ESTATE CORP., ONE NORTH WACKER DRIVE, 48TH FLOOR, CHICAGO IL 60606 |
Todd Schuster | director | C/O TPG RE FINANCE TRUST, INC., 888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106 |
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