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Gramercy Property Trust (FRA:GGU1) Cyclically Adjusted PB Ratio : (As of May. 24, 2024)


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What is Gramercy Property Trust Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gramercy Property Trust Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Gramercy Property 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.

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Gramercy Property Trust Cyclically Adjusted PB Ratio Chart

Gramercy Property Trust Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted PB Ratio
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Gramercy Property Trust Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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Competitive Comparison of Gramercy Property Trust's Cyclically Adjusted PB Ratio

For the REIT - Diversified subindustry, Gramercy Property 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.


Gramercy Property Trust's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Gramercy Property 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.

Gramercy Property Trust's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2015 is calculated as:

For example, Gramercy Property Trust's adjusted Book Value per Share data for the three months ended in Sep. 2015 was:

Adj_Book=Book Value per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)
=16.615/100.3915*100.3915
=16.615

Current CPI (Sep. 2015) = 100.3915.

Gramercy Property Trust Quarterly Data

Book Value per Share CPI Adj_Book
200512 55.070 83.032 66.583
200603 54.831 84.298 65.299
200606 56.093 85.606 65.781
200609 55.225 85.606 64.763
200612 53.901 85.142 63.555
200703 53.853 86.640 62.400
200706 54.939 87.906 62.742
200709 53.837 87.964 61.443
200712 50.270 88.616 56.950
200803 44.042 90.090 49.078
200806 50.429 92.320 54.838
200809 53.780 92.307 58.490
200812 52.649 88.697 59.590
200903 51.715 89.744 57.850
200906 43.245 91.003 47.706
200909 28.029 91.120 30.881
200912 25.027 91.111 27.576
201003 23.874 91.821 26.102
201006 24.706 91.962 26.971
201009 20.323 92.162 22.138
201012 -35.037 92.474 -38.037
201103 -31.022 94.283 -33.032
201106 -35.228 95.235 -37.136
201109 -39.386 95.727 -41.305
201112 -31.335 95.213 -33.039
201203 -24.155 96.783 -25.056
201206 -26.759 96.819 -27.746
201209 -21.550 97.633 -22.159
201212 -18.158 96.871 -18.818
201303 6.537 98.209 6.682
201306 6.167 98.518 6.284
201309 6.578 98.790 6.685
201312 7.421 98.326 7.577
201403 7.178 99.695 7.228
201406 11.582 100.560 11.563
201409 11.992 100.428 11.988
201412 14.271 99.070 14.461
201503 16.243 99.621 16.369
201506 16.863 100.684 16.814
201509 16.615 100.392 16.615

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.


Gramercy Property Trust  (FRA:GGU1) 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.


Gramercy Property Trust Cyclically Adjusted PB Ratio Related Terms

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Gramercy Property Trust (FRA:GGU1) Business Description

Traded in Other Exchanges
N/A
Address
Gramercy Property Trust Inc, formerly Gramercy Capital Corporation was formed in April 2004 as a Maryland corporation and it completed the initial public offering in August 2004. The Company is a self-managed, integrated commercial real estate investment and asset management company. Its business is segmented into two segments - Realty/Corporate, Asset Management. The Realty/Corporate segment includes activities related to investment and ownership of commercial properties with credit grade tenants throughout the United States. The Realty/Corporate segment generates revenues from rental revenues from properties that kit owns. The Asset Management segment includes activities related to third-party asset and property management of commercial properties leased primarily to financial institutions and affiliated users throughout the United States. The Asset Management segment generates revenues from fee income related to the Management Agreement with KBS and from its Joint Venture with Garrison. As of December 31, 2012, the Company owned directly or in joint venture, a portfolio of 116 office and industrial buildings totaling approximately 4.9 million square feet, net leased on a long-term basis to tenants, including Bank of America, Nestlé Waters, Philips Electronics and others. Its asset and property management business operates under the name Gramercy Asset Management. It currently manages approximately $1.7 billion of commercial properties leased primarily to regulated financial institutions and affiliated users throughout the United States. Additionally, it has a commercial real estate finance business which operates under the name Gramercy Finance. It manages approximately $1.7 billion of whole loans, bridge loans, subordinate interests in whole loans, mezzanine loans, preferred equity and commercial mortgage-backed securities and other real estate securities which are financed through three non-recourse CDOs. It primarily competes with other REITs, specialty finance companies, insurance companies, mutual funds, hedge funds, institutional investors, investment banking firms, private equity firms, and other entities.

Gramercy Property Trust (FRA:GGU1) Headlines

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