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Dream Impact Trust (FRA:6470) Cyclically Adjusted PB Ratio : 0.10 (As of Jun. 07, 2024)


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What is Dream Impact Trust Cyclically Adjusted PB Ratio?

As of today (2024-06-07), Dream Impact Trust's current share price is €2.5645. Dream Impact Trust's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €26.72. Dream Impact Trust's Cyclically Adjusted PB Ratio for today is 0.10.

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

FRA:6470' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.16   Max: 0.26
Current: 0.1

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.

FRA:6470's Cyclically Adjusted PB Ratio is ranked better than
96.77% of 495 companies
in the REITs industry
Industry Median: 0.77 vs FRA:6470: 0.10

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 €16.308. 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 €26.72 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
=2.5645/26.72
=0.10

* 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)
=16.308/126.2576*126.2576
=16.308

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 27.639 99.394 35.109
201412 27.196 98.367 34.907
201503 28.184 99.789 35.660
201506 27.764 100.500 34.880
201509 25.762 100.421 32.390
201512 25.580 99.947 32.314
201603 25.501 101.054 31.861
201606 25.676 102.002 31.782
201609 25.106 101.765 31.149
201612 25.372 101.449 31.577
201703 23.941 102.634 29.452
201706 22.396 103.029 27.445
201709 22.586 103.345 27.594
201712 22.103 103.345 27.004
201803 21.028 105.004 25.284
201806 21.485 105.557 25.698
201809 21.402 105.636 25.580
201812 21.278 105.399 25.489
201903 21.294 106.979 25.131
201906 21.456 107.690 25.155
201909 21.919 107.611 25.717
201912 22.563 107.769 26.434
202003 21.338 107.927 24.962
202006 21.207 108.401 24.700
202009 21.069 108.164 24.593
202012 21.383 108.559 24.869
202103 21.736 110.298 24.881
202106 21.755 111.720 24.586
202109 21.306 112.905 23.826
202112 22.820 113.774 25.324
202203 23.232 117.646 24.933
202206 23.859 120.806 24.936
202209 24.119 120.648 25.240
202212 19.848 120.964 20.717
202303 18.987 122.702 19.537
202306 19.009 124.203 19.323
202309 18.378 125.230 18.529
202312 16.674 125.072 16.832
202403 16.308 126.258 16.308

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  (FRA:6470) 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 (FRA:6470) 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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