Dream Office Real Estate Investment Trust (Dream Office Real Estate Investment Trust) Cyclically Adjusted PB Ratio : 0.26 (As of Apr. 29, 2024)

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What is Dream Office Real Estate Investment Trust Cyclically Adjusted PB Ratio?

As of today (2024-04-29), Dream Office Real Estate Investment Trust's current share price is $13.175. Dream Office Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $50.76. Dream Office Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is 0.26.

The historical rank and industry rank for Dream Office Real Estate Investment Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:

DRETF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22 Med: 0.73 Max: 1.57
Current: 0.28

During the past years, Dream Office Real Estate Investment Trust's highest Cyclically Adjusted PB Ratio was 1.57. The lowest was 0.22. And the median was 0.73.

DRETF's Cyclically Adjusted PB Ratio is ranked better than
87.3% of 496 companies
in the REITs industry
Industry Median: 0.765 vs DRETF: 0.28

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.

Dream Office Real Estate Investment Trust's adjusted book value per share data for the three months ended in Dec. 2023 was $54.844. 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 $50.76 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation

Dream Office Real Estate Investment Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dream Office Real Estate Investment Trust'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.

Dream Office Real Estate Investment Trust Cyclically Adjusted PB Ratio Chart

Dream Office Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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1.01

0.63

0.75

0.44

0.30

Dream Office Real Estate Investment Trust 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															0.44	0.42	0.37	0.28	0.30

Competitive Comparison of Dream Office Real Estate Investment Trust's Cyclically Adjusted PB Ratio

For the REIT - Office subindustry, Dream Office Real Estate Investment Trust'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.

Dream Office Real Estate Investment Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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

Dream Office Real Estate Investment Trust 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.

Dream Office Real Estate Investment Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	13.175	/	50.76
	=	0.26

Dream Office Real Estate Investment Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Dream Office Real Estate Investment Trust'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)
	=	54.844	/	125.4675	*	125.4675
	=	54.844

Current CPI (Dec. 2023) = 125.4675.

Dream Office Real Estate Investment Trust Quarterly Data

	Book Value per Share	CPI	Adj_Book
201403	64.524	98.604	82.103
201406	64.061	99.473	80.801
201409	64.415	99.394	81.312
201412	60.696	98.367	77.418
201503	55.516	99.789	69.802
201506	54.422	100.500	67.942
201509	50.310	100.421	62.858
201512	47.080	99.947	59.101
201603	46.536	101.054	57.779
201606	37.038	102.002	45.559
201609	36.281	101.765	44.732
201612	33.930	101.449	41.963
201703	34.136	102.634	41.731
201706	33.672	103.029	41.005
201709	37.032	103.345	44.959
201712	36.883	103.345	44.778
201803	43.008	105.004	51.390
201806	36.561	105.557	43.457
201809	37.642	105.636	44.709
201812	37.527	105.399	44.672
201903	37.596	106.979	44.093
201906	38.612	107.690	44.986
201909	38.414	107.611	44.788
201912	39.923	107.769	46.479
202003	39.385	107.927	45.786
202006	41.742	108.401	48.314
202009	44.094	108.164	51.148
202012	46.226	108.559	53.426
202103	46.953	110.298	53.411
202106	48.640	111.720	54.625
202109	51.235	112.905	56.936
202112	50.365	113.774	55.541
202203	52.384	117.646	55.867
202206	53.606	120.806	55.675
202209	52.553	120.648	54.652
202212	48.919	120.964	50.740
202303	48.928	122.702	50.031
202306	57.514	124.203	58.099
202309	56.744	125.230	56.851
202312	54.844	125.468	54.844

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.

Dream Office Real Estate Investment Trust (OTCPK:DRETF) 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.

Dream Office Real Estate Investment Trust Cyclically Adjusted PB Ratio Related Terms

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

Dream Office Real Estate Investment Trust (Dream Office Real Estate Investment Trust) Business Description

Industry

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D.UN:Canada

Address

30 Adelaide Street East, Suite 301, State Street Financial Centre, Toronto, ON, CAN, M5C 3H1

Website

https://www.dream.ca

Dream Office Real Estate Investment Trust is a real estate investment trust that acquires, manages, and leases primarily central business district and suburban office properties in urban areas throughout Canada. The majority of the company's real estate portfolio, in terms of revenue generation, is located in the Canadian province of Ontario. The province of Alberta also brings in a sizable percentage of revenue. The company generates nearly all of its revenue in the form of rental income from mid-to long-term lease agreements with tenants. The company's office buildings located in central business districts are responsible for the vast majority of its revenue generation. Most of Dream Office's customers are in the finance, insurance, science, and government industries.