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PEB (Pebblebrook Hotel Trust) Cyclically Adjusted Book per Share : $28.75 (As of Dec. 2024)


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What is Pebblebrook Hotel Trust Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Pebblebrook Hotel Trust's adjusted book value per share for the three months ended in Dec. 2024 was $22.611. 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 $28.75 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Pebblebrook Hotel Trust's average Cyclically Adjusted Book Growth Rate was -0.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Pebblebrook Hotel Trust was 5.30% per year. The lowest was 2.00% per year. And the median was 4.60% per year.

As of today (2025-04-14), Pebblebrook Hotel Trust's current stock price is $8.375. Pebblebrook Hotel Trust's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was $28.75. Pebblebrook Hotel Trust's Cyclically Adjusted PB Ratio of today is 0.29.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pebblebrook Hotel Trust was 1.12. The lowest was 0.29. And the median was 0.54.


Pebblebrook Hotel Trust Cyclically Adjusted Book per Share Historical Data

The historical data trend for Pebblebrook Hotel Trust's Cyclically Adjusted Book per Share 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.

Pebblebrook Hotel Trust Cyclically Adjusted Book per Share Chart

Pebblebrook Hotel Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.18 27.12 28.47 28.79 28.75

Pebblebrook Hotel Trust Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Cyclically Adjusted Book per Share 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 28.79 29.13 29.12 28.99 28.75

Competitive Comparison of Pebblebrook Hotel Trust's Cyclically Adjusted Book per Share

For the REIT - Hotel & Motel subindustry, Pebblebrook Hotel 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.


Pebblebrook Hotel Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Pebblebrook Hotel Trust's Cyclically Adjusted PB Ratio falls into.


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Pebblebrook Hotel Trust Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Pebblebrook Hotel Trust's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=22.611/133.1571*133.1571
=22.611

Current CPI (Dec. 2024) = 133.1571.

Pebblebrook Hotel Trust Quarterly Data

Book Value per Share CPI Adj_Book
201503 24.432 99.621 32.657
201506 24.478 100.684 32.373
201509 24.484 100.392 32.475
201512 24.510 99.792 32.705
201603 22.100 100.470 29.290
201606 24.330 101.688 31.859
201609 22.263 101.861 29.103
201612 22.324 101.863 29.182
201703 21.878 102.862 28.321
201706 21.946 103.349 28.276
201709 21.960 104.136 28.080
201712 21.781 104.011 27.884
201803 21.699 105.290 27.442
201806 22.162 106.317 27.757
201809 22.192 106.507 27.745
201812 28.851 105.998 36.243
201903 28.328 107.251 35.171
201906 28.199 108.070 34.745
201909 27.938 108.329 34.341
201912 27.750 108.420 34.081
202003 27.620 108.902 33.772
202006 26.558 108.767 32.513
202009 25.656 109.815 31.109
202012 24.926 109.897 30.202
202103 23.029 111.754 27.439
202106 24.702 114.631 28.694
202109 24.421 115.734 28.097
202112 24.125 117.630 27.310
202203 23.504 121.301 25.801
202206 23.724 125.017 25.269
202209 23.952 125.227 25.469
202212 23.715 125.222 25.218
202303 23.581 127.348 24.657
202306 24.272 128.729 25.107
202309 23.731 129.860 24.334
202312 22.990 129.419 23.654
202403 22.697 131.776 22.935
202406 22.861 132.554 22.965
202409 22.990 133.029 23.012
202412 22.611 133.157 22.611

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Pebblebrook Hotel Trust  (NYSE:PEB) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Pebblebrook Hotel Trust's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=8.375/28.75
=0.29

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pebblebrook Hotel Trust was 1.12. The lowest was 0.29. And the median was 0.54.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Pebblebrook Hotel Trust Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Pebblebrook Hotel Trust's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Pebblebrook Hotel Trust Business Description

Industry
Traded in Other Exchanges
Address
4747 Bethesda Avenue, Suite 1100, Bethesda, MD, USA, 20814
Pebblebrook Hotel Trust currently owns upper upscale and luxury hotels with 11,933 rooms across 46 hotels in the United States. Pebblebrook acquired LaSalle Hotel Properties, which owned 10,451 rooms across 41 US hotels, in November 2018, though management has sold many of those hotels over the past few years. Pebblebrook's portfolio consists mostly of independent hotels with no brand affiliations, though the combined company does own and operate some hotels under Marriott, Starwood, InterContinental, Hilton, and Hyatt brands.
Executives
Jon E Bortz director, 10 percent owner, officer: Chairman, President and CEO 4747 BETHESDA AVENUE, SUITE 1100, BETHESDA MD 20814
Michael J Schall director C/O ESSEX PROPERTY TRUST, 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Phillip M. Miller director 2 BETHESDA METRO CENTER, SUITE 1530, BETHESDA MD 20814
Raymond D Martz officer: Executive VP, and CFO 4747 BETHESDA AVENUE, SUITE 1100, BETHESDA MD 20814
Thomas Charles Fisher officer: CIO 4747 BETHESDA AVENUE, SUITE 1100, BETHESDA MD 20814
Bonny W Simi director 4747 BETHESDA AVENUE, SUITE 1100, BETHESDA MD 20814
Cydney Donnell director MAYS BUSINESS SCHOOL AT TEXAS A&M UNIV, DEPARTMENT OF FINANCE, 306 WEHNER BLDG, COLLEGE STATION TX 77843-4218
Ron E. Jackson director 10319 WESTLAKE DRIVE, SUITE 112, BETHESDA MD 20817
Martin H. Nesbitt director 10319 WESTLAKE DRIVE, SUITE 112, BETHESDA MD 20817
Laura Wright director 2702 LOVE FIELD DRIVE, P.O. BOX 36611, DALLAS TX 75235-1611
Earl E Webb director AVISON YOUNG, 400 SKOKIE BLVD., SUITE 825, NORTHBROOK IL 60062