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Franklin Street Properties (Franklin Street Properties) Cyclically Adjusted PB Ratio : 0.21 (As of Apr. 28, 2024)


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What is Franklin Street Properties Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Franklin Street Properties's current share price is $2.00. Franklin Street Properties's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $9.72. Franklin Street Properties's Cyclically Adjusted PB Ratio for today is 0.21.

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

FSP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.74   Max: 1.16
Current: 0.21

During the past years, Franklin Street Properties's highest Cyclically Adjusted PB Ratio was 1.16. The lowest was 0.12. And the median was 0.74.

FSP's Cyclically Adjusted PB Ratio is ranked better than
91.7% of 494 companies
in the REITs industry
Industry Median: 0.775 vs FSP: 0.21

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.

Franklin Street Properties's adjusted book value per share data for the three months ended in Dec. 2023 was $6.892. 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 $9.72 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Franklin Street Properties Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Franklin Street Properties'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.

Franklin Street Properties Cyclically Adjusted PB Ratio Chart

Franklin Street Properties 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 0.81 0.44 0.59 0.27 0.26

Franklin Street Properties 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 0.27 0.16 0.14 0.19 0.26

Competitive Comparison of Franklin Street Properties's Cyclically Adjusted PB Ratio

For the REIT - Office subindustry, Franklin Street Properties'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.


Franklin Street Properties's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Franklin Street Properties 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.

Franklin Street Properties's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.00/9.72
=0.21

* 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.

Franklin Street Properties's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Franklin Street Properties'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)
=6.892/129.4194*129.4194
=6.892

Current CPI (Dec. 2023) = 129.4194.

Franklin Street Properties Quarterly Data

Book Value per Share CPI Adj_Book
201403 10.305 99.695 13.378
201406 10.109 100.560 13.010
201409 9.965 100.428 12.842
201412 9.778 99.070 12.773
201503 9.665 99.621 12.556
201506 9.538 100.684 12.260
201509 9.326 100.392 12.023
201512 9.339 99.792 12.112
201603 9.114 100.470 11.740
201606 8.933 101.688 11.369
201609 8.980 101.861 11.410
201612 8.972 101.863 11.399
201703 8.841 102.862 11.124
201706 8.466 103.349 10.602
201709 8.294 104.136 10.308
201712 8.125 104.011 10.110
201803 8.010 105.290 9.846
201806 7.949 106.317 9.676
201809 7.959 106.507 9.671
201812 7.811 105.998 9.537
201903 7.647 107.251 9.228
201906 7.465 108.070 8.940
201909 7.364 108.329 8.798
201912 7.331 108.420 8.751
202003 7.060 108.902 8.390
202006 6.951 108.767 8.271
202009 6.871 109.815 8.098
202012 7.156 109.897 8.427
202103 7.040 111.754 8.153
202106 7.139 114.631 8.060
202109 7.148 115.734 7.993
202112 7.531 117.630 8.286
202203 7.464 121.301 7.964
202206 7.304 125.017 7.561
202209 7.483 125.227 7.734
202212 7.446 125.222 7.696
202303 7.452 127.348 7.573
202306 7.339 128.729 7.378
202309 6.877 129.860 6.854
202312 6.892 129.419 6.892

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.


Franklin Street Properties  (AMEX:FSP) 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.


Franklin Street Properties Cyclically Adjusted PB Ratio Related Terms

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


Franklin Street Properties (Franklin Street Properties) Business Description

Traded in Other Exchanges
Address
401 Edgewater Place, Suite 200, Wakefield, MA, USA, 01880
Franklin Street Properties Corp is a real estate investment trust. The company is focused on commercial real estate investments in office markets. The company's operations include rental income from real estate leasing, interest income from secured loans made on office properties, property dispositions, and fee income from asset/property management and development. Franklin Street markets Atlanta, Dallas, Denver, Houston, and Minneapolis. It owns a portfolio of real estate consisting of approximately 32 properties.
Executives
Brian N Hansen director CONFLUENCE INVESTMENT MANAGEMENT LLC, 20 ALLEN AVENUE, SUITE 300, ST. LOUIS MO 63119
Jonathan Bennett Odle 10 percent owner 3622 ENDEAVOR AVENUE, SUITE 101, COLUMBIA MO 65201
Dennis J Mcgillicuddy director 1221 S. TAMIAMI TRAIL, SARASOTA FL 34239
Wilkins Milton P Jr director 401 EDGEWATER PLACE, STE 200, WAKEFIELD MA 01880
Kenneth A Hoxsie director 401 EDGEWATER PL, STE 200, WAKEFIELD MA 01880
Georgia Murray director 433 SHAWMUT AVE, BOSTON MA 02118
John N Burke director 175 DERBY STREET, SUITE 42, HINGHAM MA 02043
Kathryn P O'neil director 401 EDGEWATER PL, STE 200, WAKEFIELD MA 01880
John G Demeritt officer: Senior Vice President-Finance 401 EDGEWATER PLACE, STE. 200, WAKEFIELD MA 01880
George J Carter director, officer: CEO 401 EDGEWATER PLACE, SUITE 200, WAKEFIELD MA 01880
Eriel Anchondo officer: SVP/Operations 401 EDGEWATER PL, STE. 200, WAKEFIELD MA 01880
Jeffrey B Carter officer: Executive Vice President 401 EDGEWATER PLACE, SUITE 200, WAKEFIELD MA 01880
John F Donahue officer: Executive Vice President 401 EDGEWATER PL, STE 200, WAKEFIELD MA 01880
Barry Silverstein other: former director 2500 S. OCEAN BLVD., #503, BOCA RATON FL 33432
Barbara J Corinha director, officer: VP, COO, Treasurer & Secretary 401 EDGEWATER PLACE, SUITE 200, WAKEFIELD MA 01880

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