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Sabra Health Care REIT (Sabra Health Care REIT) Cyclically Adjusted PB Ratio : 0.74 (As of Apr. 28, 2024)


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What is Sabra Health Care REIT Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Sabra Health Care REIT's current share price is $13.94. Sabra Health Care REIT's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $18.72. Sabra Health Care REIT's Cyclically Adjusted PB Ratio for today is 0.74.

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

SBRA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.56   Med: 0.77   Max: 1.18
Current: 0.74

During the past years, Sabra Health Care REIT's highest Cyclically Adjusted PB Ratio was 1.18. The lowest was 0.56. And the median was 0.77.

SBRA's Cyclically Adjusted PB Ratio is ranked better than
52.23% of 494 companies
in the REITs industry
Industry Median: 0.775 vs SBRA: 0.74

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.

Sabra Health Care REIT's adjusted book value per share data for the three months ended in Dec. 2023 was $12.118. 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 $18.72 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sabra Health Care REIT Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Sabra Health Care REIT'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.

Sabra Health Care REIT Cyclically Adjusted PB Ratio Chart

Sabra Health Care REIT 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 - 1.14 0.80 0.68 0.76

Sabra Health Care REIT 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 0.68 0.62 0.63 0.74 0.76

Competitive Comparison of Sabra Health Care REIT's Cyclically Adjusted PB Ratio

For the REIT - Healthcare Facilities subindustry, Sabra Health Care REIT'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.


Sabra Health Care REIT's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Sabra Health Care REIT's Cyclically Adjusted PB Ratio falls into.



Sabra Health Care REIT 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.

Sabra Health Care REIT's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=13.94/18.72
=0.74

* 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.

Sabra Health Care REIT's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Sabra Health Care REIT'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)
=12.118/129.4194*129.4194
=12.118

Current CPI (Dec. 2023) = 129.4194.

Sabra Health Care REIT Quarterly Data

Book Value per Share CPI Adj_Book
201403 11.207 99.695 14.548
201406 13.875 100.560 17.857
201409 13.935 100.428 17.958
201412 15.950 99.070 20.836
201503 15.737 99.621 20.444
201506 16.440 100.684 21.132
201509 16.263 100.392 20.965
201512 16.166 99.792 20.965
201603 15.433 100.470 19.880
201606 15.574 101.688 19.821
201609 15.535 101.861 19.738
201612 15.555 101.863 19.763
201703 15.354 102.862 19.318
201706 15.233 103.349 19.076
201709 19.161 104.136 23.813
201712 19.257 104.011 23.961
201803 19.195 105.290 23.594
201806 19.091 106.317 23.239
201809 18.863 106.507 22.921
201812 18.229 105.998 22.257
201903 17.075 107.251 20.604
201906 17.181 108.070 20.575
201909 16.946 108.329 20.245
201912 17.000 108.420 20.293
202003 16.517 108.902 19.629
202006 16.352 108.767 19.457
202009 16.259 109.815 19.162
202012 16.191 109.897 19.067
202103 16.225 111.754 18.790
202106 15.320 114.631 17.296
202109 15.073 115.734 16.855
202112 14.668 117.630 16.138
202203 14.555 121.301 15.529
202206 14.364 125.017 14.870
202209 13.892 125.227 14.357
202212 13.231 125.222 13.675
202303 12.873 127.348 13.082
202306 12.731 128.729 12.799
202309 12.407 129.860 12.365
202312 12.118 129.419 12.118

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.


Sabra Health Care REIT  (NAS:SBRA) 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.


Sabra Health Care REIT Cyclically Adjusted PB Ratio Related Terms

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


Sabra Health Care REIT (Sabra Health Care REIT) Business Description

Traded in Other Exchanges
Address
18500 Von Karman Avenue, Suite 550, Irvine, CA, USA, 92612
Sabra Health Care REIT Inc is a healthcare facility real estate investment trust. The company operates one segment that owns and invests in healthcare real estate. All of the company's revenue is generated in the United States. Sabra's operations consist of nursing facilities, assisted living centers, and mental health facilities. The company considers merger and acquisition investment as a component of its operational growth strategy. Sabra works with existing operators to identify strategic development opportunities.
Executives
Michael Lourenco Costa officer: Executive VP & CAO 18500 VON KARMAN AVENUE, SUITE 550, IRVINE CA 92612
Catherine Cusack director 18500 VON KARMAN AVENUE, SUITE 550, IRVINE CA 92612
Andrews Harold W. Jr. officer: Executive VP, CFO & Secretary C/O SABRA HEALTH CARE REIT, INC., 18500 VON KARMAN, SUITE 550, IRVINE CA 92612
Michael J Foster director 36 GROVE STREET, NEW CANAAN CT 06840
Ann Kono director 18500 VON KARMAN AVENUE, SUITE 550, IRVINE CA 92612
Porter Clifton J Ii director 18500 VON KARMAN AVENUE, SUITE 550, IRVINE CA 92612
Robert A. Ettl director C/O SABRA HEALTH CARE REIT, INC., 18500 VON KARMAN, SUITE 550, IRVINE CA 92612
Richard K Matros director, officer: CEO and President
Raymond J Lewis director 191 NORTH WACKER DRIVE, SUITE 1200, CHICAGO IL 60606
Lynne S Katzmann director 18500 VON KARMAN AVENUE,SUITE 550, IRVINE CA 92612
Milton J Walters director C/O SABRA HEALTH CARE REIT, INC., 18500 VON KARMAN AVENUE, SUITE 550, IRVINE CA 92612
Ronald G Geary director 10140 LINN STATION RD, LOUISVILLE KY 40223-3813
Jeffrey A. Malehorn director 191 NORTH WACKER DRIVE, SUITE 1200, CHICAGO IL 60606
Talya Nevo-hacohen officer: Executive VP, CIO & Treasurer C/O SABRA HEALTH CARE REIT, INC., 18500 VON KARMAN, SUITE 550, IRVINE CA 92612
Craig A. Barbarosh director 3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305