BRER (Bresler & Reiner) Cyclically Adjusted PB Ratio: (As of Aug. 03, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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What is Bresler & Reiner Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Bresler & Reiner  (OTCPK:BRER) 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.


Bresler & Reiner Cyclically Adjusted PB Ratio Related Terms


Bresler & Reiner Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bresler & Reiner'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.

Bresler & Reiner Cyclically Adjusted PB Ratio Chart

Bresler & Reiner Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Cyclically Adjusted PB Ratio
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Bresler & Reiner Quarterly Data
Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09
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 0.00 0.00 0.00 0.00 0.00

BRER vs ZDPY, BTLN: Cyclically Adjusted PB Ratio Comparison

For the Real Estate - Diversified subindustry, Bresler & Reiner'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.


Bresler & Reiner Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Bresler & Reiner's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bresler & Reiner's Cyclically Adjusted PB Ratio falls into.



Bresler & Reiner 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.

Bresler & Reiner's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2009 is calculated as:

For example, Bresler & Reiner's adjusted Book Value per Share data for the three months ended in Sep. 2009 was:

Adj_Book=Book Value per Share/CPI of Sep. 2009 (Change)*Current CPI (Sep. 2009)
=15.888/215.9690*215.9690
=15.888

Current CPI (Sep. 2009) = 215.9690.

Bresler & Reiner Quarterly Data

Book Value per Share CPI Adj_Book
199912 17.013 168.300 21.832
200003 17.390 171.200 21.938
200006 17.901 172.400 22.425
200009 18.468 173.700 22.962
200012 18.661 174.000 23.162
200103 19.071 176.200 23.375
200106 19.517 178.000 23.680
200109 20.092 178.300 24.337
200112 20.526 176.700 25.088
200203 20.881 178.800 25.222
200206 21.360 179.900 25.643
200209 21.714 181.000 25.909
200212 21.638 180.900 25.833
200303 21.605 184.200 25.331
200306 22.146 183.700 26.036
200309 22.185 185.200 25.871
200312 23.388 184.300 27.407
200403 23.441 187.400 27.015
200406 23.307 189.700 26.534
200409 23.486 189.900 26.710
200412 23.945 190.300 27.175
200503 24.106 193.300 26.933
200506 24.330 194.500 27.016
200509 23.691 198.800 25.737
200512 23.254 196.800 25.519
200603 22.815 199.800 24.661
200606 24.818 202.900 26.417
200609 23.587 202.900 25.106
200612 25.785 201.800 27.595
200703 26.326 205.352 27.687
200706 25.492 208.352 26.424
200709 24.249 208.490 25.119
200712 23.516 210.036 24.180
200803 22.452 213.528 22.709
200806 0.000 218.815 0.000
200809 0.000 218.783 0.000
200812 19.316 210.228 19.843
200903 19.450 212.709 19.748
200906 17.793 215.693 17.816
200909 15.888 215.969 15.888

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.


Bresler & Reiner Business Description

Address 11200 Rockville Pike, Suite 502, Rockville, MD, USA, 20852
Bresler & Reiner Inc is a real estate company that develops, manages and sells commercial, residential, hospitality properties and land. The company invests its assets through direct ownership or joint ventures with unrelated third parties. It operates in the major metropolitan areas including Washington, DC; Orlando, Florida; Philadelphia and Pennsylvania.