Anywhere Real Estate (FRA:04M) Cyclically Adjusted PB Ratio : 0.17 (As of Jun. 20, 2024)

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What is Anywhere Real Estate Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Anywhere Real Estate's current share price is €3.02. Anywhere Real Estate's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €18.17. Anywhere Real Estate's Cyclically Adjusted PB Ratio for today is 0.17.

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

FRA:04M' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.37 Max: 6.04
Current: 0.15

During the past years, Anywhere Real Estate's highest Cyclically Adjusted PB Ratio was 6.04. The lowest was 0.15. And the median was 0.37.

FRA:04M's Cyclically Adjusted PB Ratio is ranked better than
87.26% of 1413 companies
in the Real Estate industry
Industry Median: 0.69 vs FRA:04M: 0.15

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.

Anywhere Real Estate's adjusted book value per share data for the three months ended in Mar. 2024 was €13.067. 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 €18.17 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Anywhere Real Estate Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Anywhere Real Estate'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.

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Anywhere Real Estate Cyclically Adjusted PB Ratio Chart

Anywhere Real Estate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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1.75

0.33

0.40

Anywhere Real Estate 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															0.27	0.33	0.32	0.40	0.30

Competitive Comparison of Anywhere Real Estate's Cyclically Adjusted PB Ratio

For the Real Estate Services subindustry, Anywhere Real Estate'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.

Anywhere Real Estate's Cyclically Adjusted PB Ratio Distribution in the Real Estate Industry

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

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

Anywhere Real Estate 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.

Anywhere Real Estate's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	3.02	/	18.17
	=	0.17

Anywhere Real Estate's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Anywhere Real Estate'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)
	=	13.067	/	131.7762	*	131.7762
	=	13.067

Current CPI (Mar. 2024) = 131.7762.

Anywhere Real Estate Quarterly Data

	Book Value per Share	CPI	Adj_Book
201406	10.343	100.560	13.554
201409	11.465	100.428	15.044
201412	12.072	99.070	16.057
201503	13.589	99.621	17.975
201506	13.791	100.684	18.050
201509	14.508	100.392	19.044
201512	15.126	99.792	19.974
201603	14.455	100.470	18.959
201606	14.855	101.688	19.250
201609	15.393	101.861	19.914
201612	16.658	101.863	21.550
201703	15.979	102.862	20.471
201706	15.747	103.349	20.078
201709	15.274	104.136	19.328
201712	16.805	104.011	21.291
201803	15.275	105.290	19.118
201806	16.750	106.317	20.761
201809	17.428	106.507	21.563
201812	17.723	105.998	22.033
201903	16.940	107.251	20.814
201906	17.421	108.070	21.243
201909	17.305	108.329	21.050
201912	16.464	108.420	20.011
202003	12.803	108.902	15.492
202006	12.471	108.767	15.109
202009	12.716	109.815	15.259
202012	12.552	109.897	15.051
202103	12.945	111.754	15.264
202106	14.255	114.631	16.387
202109	15.478	115.734	17.623
202112	16.594	117.630	18.590
202203	16.555	121.301	17.985
202206	18.240	125.017	19.226
202209	20.418	125.227	21.486
202212	15.210	125.222	16.006
202303	13.770	127.348	14.249
202306	13.789	128.729	14.115
202309	15.121	129.860	15.344
202312	13.935	129.419	14.189
202403	13.067	131.776	13.067

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.

Anywhere Real Estate (FRA:04M) 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.

Anywhere Real Estate Cyclically Adjusted PB Ratio Related Terms

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

Anywhere Real Estate (FRA:04M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Anywhere Real Estate Inc (FRA:04M) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

HOUS:USA

Address

175 Park Avenue, Madison, NJ, USA, 07940

Website

https://www.anywhere.re

Anywhere Real Estate Inc provides integrated real estate services in the United States. Operations are divided into the following divisions: Anywhere Brands (Franchise Group), Anywhere Advisors (Owned Brokerage Group), and Anywhere Integrated Services (Title Group). The majority of revenue is derived from the Anywhere Advisors (Owned Brokerage Group) segment.

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