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Ventas (BSP:V1TA34) Cyclically Adjusted PB Ratio : 1.90 (As of Jun. 04, 2025)


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What is Ventas Cyclically Adjusted PB Ratio?

As of today (2025-06-04), Ventas's current share price is R$178.00. Ventas's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$93.63. Ventas's Cyclically Adjusted PB Ratio for today is 1.90.

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

BSP:V1TA34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.72   Med: 1.88   Max: 3.23
Current: 1.91

During the past years, Ventas's highest Cyclically Adjusted PB Ratio was 3.23. The lowest was 0.72. And the median was 1.88.

BSP:V1TA34's Cyclically Adjusted PB Ratio is ranked worse than
87.31% of 520 companies
in the REITs industry
Industry Median: 0.81 vs BSP:V1TA34: 1.91

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.

Ventas's adjusted book value per share data for the three months ended in Mar. 2025 was R$73.184. 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 R$93.63 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ventas Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ventas'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.

Ventas Cyclically Adjusted PB Ratio Chart

Ventas Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.55 1.53 1.32 1.48 1.78

Ventas Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.28 1.52 1.91 1.78 2.08

Competitive Comparison of Ventas's Cyclically Adjusted PB Ratio

For the REIT - Healthcare Facilities subindustry, Ventas'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.


Ventas's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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


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Ventas 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.

Ventas's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=178.00/93.63
=1.90

* 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.

Ventas's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Ventas's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=73.184/134.9266*134.9266
=73.184

Current CPI (Mar. 2025) = 134.9266.

Ventas Quarterly Data

Book Value per Share CPI Adj_Book
201506 51.688 100.684 69.267
201509 56.321 100.392 75.696
201512 55.508 99.792 75.051
201603 52.674 100.470 70.738
201606 48.631 101.688 64.527
201609 48.222 101.861 63.876
201612 49.536 101.863 65.615
201703 45.893 102.862 60.199
201706 47.997 103.349 62.662
201709 47.192 104.136 61.146
201712 50.261 104.011 65.200
201803 49.423 105.290 63.335
201806 56.168 106.317 71.283
201809 60.241 106.507 76.316
201812 55.630 105.998 70.812
201903 54.385 107.251 68.419
201906 56.152 108.070 70.107
201909 58.941 108.329 73.412
201912 57.503 108.420 71.561
202003 69.631 108.902 86.271
202006 71.697 108.767 88.941
202009 73.632 109.815 90.470
202012 69.905 109.897 85.826
202103 74.900 111.754 90.430
202106 66.225 114.631 77.950
202109 73.243 115.734 85.389
202112 76.837 117.630 88.136
202203 66.606 121.301 74.088
202206 66.379 125.017 71.641
202209 67.962 125.227 73.226
202212 66.621 125.222 71.784
202303 65.079 127.348 68.952
202306 60.386 128.729 63.293
202309 60.249 129.860 62.600
202312 57.808 129.419 60.268
202403 57.889 131.776 59.273
202406 62.702 132.554 63.824
202409 64.450 133.029 65.369
202412 75.175 133.157 76.174
202503 73.184 134.927 73.184

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.


Ventas  (BSP:V1TA34) 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.


Ventas Cyclically Adjusted PB Ratio Related Terms

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


Ventas Business Description

Industry
Traded in Other Exchanges
Address
300 North LaSalle Street, Suite 1600, Chicago, IL, USA, 60654
Ventas owns a diversified healthcare portfolio of almost 1,400 in-place properties spread across the senior housing, medical office, hospital, life science, and skilled nursing/post-acute care. The portfolio includes almost 100 properties in Canada and the United Kingdom as the company looks for additional investment opportunities in countries with mature healthcare systems that operate similarly to the United States. The firm also owns mortgages and other loans, contributing about 1% of net operating income.

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