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Brixmor Property Group (Brixmor Property Group) Cyclically Adjusted PB Ratio : 1.93 (As of Apr. 28, 2024)


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What is Brixmor Property Group Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Brixmor Property Group's current share price is $21.72. Brixmor Property Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $11.25. Brixmor Property Group's Cyclically Adjusted PB Ratio for today is 1.93.

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

BRX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.68   Med: 2.05   Max: 2.54
Current: 1.93

During the past years, Brixmor Property Group's highest Cyclically Adjusted PB Ratio was 2.54. The lowest was 1.68. And the median was 2.05.

BRX's Cyclically Adjusted PB Ratio is ranked worse than
84.01% of 494 companies
in the REITs industry
Industry Median: 0.775 vs BRX: 1.93

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.

Brixmor Property Group's adjusted book value per share data for the three months ended in Dec. 2023 was $9.482. 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 $11.25 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Brixmor Property Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Brixmor Property Group'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.

Brixmor Property Group Cyclically Adjusted PB Ratio Chart

Brixmor Property Group 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 - - 2.43 2.06 2.07

Brixmor Property Group 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 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 2.06 1.93 1.95 1.82 2.07

Competitive Comparison of Brixmor Property Group's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Brixmor Property Group'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.


Brixmor Property Group's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Brixmor Property Group 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.

Brixmor Property Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.72/11.25
=1.93

* 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.

Brixmor Property Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Brixmor Property Group'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)
=9.482/129.4194*129.4194
=9.482

Current CPI (Dec. 2023) = 129.4194.

Brixmor Property Group Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.102 99.695 13.114
201406 9.998 100.560 12.867
201409 9.932 100.428 12.799
201412 9.792 99.070 12.792
201503 9.700 99.621 12.601
201506 9.666 100.684 12.425
201509 9.631 100.392 12.416
201512 9.594 99.792 12.442
201603 9.535 100.470 12.282
201606 9.519 101.688 12.115
201609 9.477 101.861 12.041
201612 9.604 101.863 12.202
201703 9.580 102.862 12.053
201706 9.562 103.349 11.974
201709 9.580 104.136 11.906
201712 9.547 104.011 11.879
201803 9.450 105.290 11.616
201806 9.441 106.317 11.493
201809 9.584 106.507 11.646
201812 9.502 105.998 11.602
201903 9.372 107.251 11.309
201906 9.281 108.070 11.115
201909 9.264 108.329 11.068
201912 9.212 108.420 10.996
202003 9.004 108.902 10.700
202006 9.038 108.767 10.754
202009 9.154 109.815 10.788
202012 9.041 109.897 10.647
202103 8.996 111.754 10.418
202106 9.076 114.631 10.247
202109 9.066 115.734 10.138
202112 9.146 117.630 10.063
202203 9.261 121.301 9.881
202206 9.354 125.017 9.683
202209 9.430 125.227 9.746
202212 9.553 125.222 9.873
202303 9.608 127.348 9.764
202306 9.568 128.729 9.619
202309 9.542 129.860 9.510
202312 9.482 129.419 9.482

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.


Brixmor Property Group  (NYSE:BRX) 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.


Brixmor Property Group Cyclically Adjusted PB Ratio Related Terms

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


Brixmor Property Group (Brixmor Property Group) Business Description

Traded in Other Exchanges
Address
450 Lexington Avenue, 13th Floor, New York, NY, USA, 10017
Brixmor Property Group Inc is a real estate investment trust based in the United States. The company owns and operates a portfolio of grocery-anchored community and neighborhood shopping centers across the United States. It leases its rentable areas to retailers, restaurants, theatres, entertainment venues, and fitness centers, with the company's tenants consisting of large department stores, discount retailers, and grocery stores. The company is an internally managed REIT.
Executives
Brian T Finnegan officer: See Remarks C/O BRIXMOR PROPERTY GROUP INC., 420 LEXINGTON AVENUE, NEW YORK NY 10170
Angela M Aman officer: EVP, Chief Financial Officer RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
John Peter Suarez director 450 LEXINGTON AVENUE, NEW YORK NY 10017
Michael B Berman director C/O GENERAL GROWTH PROPERTIES, 110 NORTH WACKER DRIVE, CHICAGO IL 60606
Thomas W Dickson director 301 S TRYON STREET, SUITE 1800, CHARLOTTE NC 28282
Julie Bowerman director C/O BRIXMOR PROPERTY GROUP, 450 LEXINGTON AVENUE, NEW YORK NY 10017
William D. Rahm director C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10152
John Schreiber director 682 BANK LANE, LAKE FOREST IL 60045
Steven F Siegel officer: See Remarks C/O BRIXMOR PROPERTY GROUP, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Taylor James M Jr officer: President and CEO 1626 EAST JEFFERSON STREET, ROCKVILLE MD 20852
Carolyn Carter Singh officer: See Remarks C/O BRIXMOR PROPERTY GROUP INC., 450 LEXINGTON AVENUE, NEW YORK NY 10017
Mark Horgan officer: EVP, Chief Investment Officer C/O BRIXMOR PROPERTY GROUP INC., 450 LEXINGTON AVENUE, NEW YORK NY 10017
Steven T Gallagher officer: Chief Accounting Officer C/O BRIXMOR PROPERTY GROUP, INC., 450 LEXINGTON AVENUE, NEW YORK NY 10017
Sandra Aj Lawrence director C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Daniel B Hurwitz director 3300 ENTERPRISES PARKWAY, BEACHWOOD OH 44122