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Dream Impact Trust (Dream Impact Trust) Cyclically Adjusted PB Ratio : 0.12 (As of May. 22, 2024)


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What is Dream Impact Trust Cyclically Adjusted PB Ratio?

As of today (2024-05-22), Dream Impact Trust's current share price is $3.14. Dream Impact Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $26.52. Dream Impact Trust's Cyclically Adjusted PB Ratio for today is 0.12.

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

DDHRF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.16   Max: 0.26
Current: 0.11

During the past years, Dream Impact Trust's highest Cyclically Adjusted PB Ratio was 0.26. The lowest was 0.10. And the median was 0.16.

DDHRF's Cyclically Adjusted PB Ratio is ranked better than
96.35% of 493 companies
in the REITs industry
Industry Median: 0.77 vs DDHRF: 0.11

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.

Dream Impact Trust's adjusted book value per share data for the three months ended in Mar. 2024 was $17.726. 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 $26.52 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dream Impact Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Dream Impact Trust'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.

Dream Impact Trust Cyclically Adjusted PB Ratio Chart

Dream Impact Trust 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 - - - - 0.16

Dream Impact Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - 0.23 0.20 0.16 0.12

Competitive Comparison of Dream Impact Trust's Cyclically Adjusted PB Ratio

For the REIT - Diversified subindustry, Dream Impact 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.


Dream Impact Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Dream Impact Trust 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.

Dream Impact Trust's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.14/26.52
=0.12

* 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.

Dream Impact Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Dream Impact Trust's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=17.726/126.2576*126.2576
=17.726

Current CPI (Mar. 2024) = 126.2576.

Dream Impact Trust Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 99.473 0.000
201409 35.617 99.394 45.243
201412 33.534 98.367 43.042
201503 30.502 99.789 38.592
201506 31.160 100.500 39.146
201509 28.913 100.421 36.352
201512 27.865 99.947 35.200
201603 28.398 101.054 35.481
201606 28.849 102.002 35.709
201609 28.177 101.765 34.959
201612 26.764 101.449 33.309
201703 25.605 102.634 31.499
201706 25.164 103.029 30.837
201709 26.920 103.345 32.889
201712 26.158 103.345 31.958
201803 25.928 105.004 31.176
201806 25.099 105.557 30.021
201809 24.973 105.636 29.848
201812 24.207 105.399 28.998
201903 24.061 106.979 28.397
201906 24.244 107.690 28.424
201909 24.140 107.611 28.323
201912 25.070 107.769 29.371
202003 23.578 107.927 27.582
202006 23.882 108.401 27.816
202009 24.816 108.164 28.967
202012 26.013 108.559 30.254
202103 25.877 110.298 29.621
202106 26.211 111.720 29.622
202109 25.066 112.905 28.030
202112 25.786 113.774 28.615
202203 25.586 117.646 27.459
202206 25.221 120.806 26.359
202209 23.881 120.648 24.991
202212 21.025 120.964 21.945
202303 20.329 122.702 20.918
202306 20.595 124.203 20.936
202309 19.613 125.230 19.774
202312 18.183 125.072 18.355
202403 17.726 126.258 17.726

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.


Dream Impact Trust  (OTCPK:DDHRF) 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.


Dream Impact Trust Cyclically Adjusted PB Ratio Related Terms

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


Dream Impact Trust (Dream Impact Trust) Business Description

Industry
Traded in Other Exchanges
Address
30 Adelaide Street East, Suite 301, Toronto, ON, CAN, M5C 3H1
Dream Impact Trust is a Canada-based open-ended trust. It is focused on asset alternative investments consisting of real estate, real estate lending, real estate development, and renewable power. The objective is to generate financial returns along with positive social and environmental impacts. It has two operating segments: The development and investment holdings segment is comprised of direct and indirect investments in residential and mixed-use developments, a hospitality asset, and participating mortgage receivables and the Recurring income segment is comprised of a portfolio of stabilized office and commercial real estate income properties and multi-family rental assets over which the trust has significant influence, joint control, or control, and interest-paying corporate loans.

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