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Crown Castle (FRA:8CW) Cyclically Adjusted PB Ratio : 3.81 (As of Jan. 19, 2025)


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What is Crown Castle Cyclically Adjusted PB Ratio?

As of today (2025-01-19), Crown Castle's current share price is €88.78. Crown Castle's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was €23.30. Crown Castle's Cyclically Adjusted PB Ratio for today is 3.81.

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

FRA:8CW' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.2   Med: 6.9   Max: 9.03
Current: 3.48

During the past years, Crown Castle's highest Cyclically Adjusted PB Ratio was 9.03. The lowest was 3.20. And the median was 6.90.

FRA:8CW's Cyclically Adjusted PB Ratio is ranked worse than
94.16% of 514 companies
in the REITs industry
Industry Median: 0.8 vs FRA:8CW: 3.48

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.

Crown Castle's adjusted book value per share data for the three months ended in Sep. 2024 was €10.980. 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 €23.30 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Crown Castle Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Crown Castle'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.

Crown Castle Cyclically Adjusted PB Ratio Chart

Crown Castle 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 7.25 7.52 8.82 5.27 4.35

Crown Castle Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.42 4.35 3.97 3.69 4.53

Competitive Comparison of Crown Castle's Cyclically Adjusted PB Ratio

For the REIT - Specialty subindustry, Crown Castle'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.


Crown Castle's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Crown Castle 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.

Crown Castle's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=88.78/23.3
=3.81

* 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.

Crown Castle's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Crown Castle's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=10.98/133.0289*133.0289
=10.980

Current CPI (Sep. 2024) = 133.0289.

Crown Castle Quarterly Data

Book Value per Share CPI Adj_Book
201412 16.315 99.070 21.907
201503 18.096 99.621 24.164
201506 19.766 100.684 26.116
201509 19.328 100.392 25.612
201512 19.498 99.792 25.992
201603 19.029 100.470 25.196
201606 18.319 101.688 23.965
201609 17.826 101.861 23.280
201612 19.871 101.863 25.951
201703 19.053 102.862 24.641
201706 18.451 103.349 23.750
201709 26.170 104.136 33.431
201712 25.663 104.011 32.823
201803 25.077 105.290 31.684
201806 25.919 106.317 32.431
201809 25.390 106.507 31.713
201812 24.508 105.998 30.758
201903 24.988 107.251 30.994
201906 24.514 108.070 30.176
201909 24.719 108.329 30.355
201912 22.693 108.420 27.844
202003 21.965 108.902 26.831
202006 20.924 108.767 25.591
202009 18.717 109.815 22.674
202012 18.044 109.897 21.842
202103 17.343 111.754 20.645
202106 16.740 114.631 19.427
202109 16.756 115.734 19.260
202112 16.917 117.630 19.132
202203 16.851 121.301 18.480
202206 17.174 125.017 18.275
202209 17.912 125.227 19.028
202212 16.240 125.222 17.253
202303 15.544 127.348 16.237
202306 14.985 128.729 15.486
202309 14.398 129.860 14.749
202312 13.492 129.419 13.868
202403 12.791 131.776 12.913
202406 12.084 132.554 12.127
202409 10.980 133.029 10.980

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.


Crown Castle  (FRA:8CW) 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.


Crown Castle Cyclically Adjusted PB Ratio Related Terms

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


Crown Castle Business Description

Industry
Address
8020 Katy Freeway, Houston, TX, USA, 77024-1908
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 90,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest us cities. The company has a very concentrated customer base, with about 75% of its revenue coming from the big three us mobile carriers. Crown Castle operates as a real estate investment trust.

Crown Castle Headlines

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