GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » LTC Properties Inc (FRA:LTP) » Definitions » Cyclically Adjusted PB Ratio

LTC Properties (FRA:LTP) Cyclically Adjusted PB Ratio : 1.45 (As of Jun. 01, 2025)


View and export this data going back to 1992. Start your Free Trial

What is LTC Properties Cyclically Adjusted PB Ratio?

As of today (2025-06-01), LTC Properties's current share price is €31.34. LTC Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €21.64. LTC Properties's Cyclically Adjusted PB Ratio for today is 1.45.

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

FRA:LTP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.35   Med: 2.16   Max: 3.53
Current: 1.52

During the past years, LTC Properties's highest Cyclically Adjusted PB Ratio was 3.53. The lowest was 1.35. And the median was 2.16.

FRA:LTP's Cyclically Adjusted PB Ratio is ranked worse than
79.65% of 521 companies
in the REITs industry
Industry Median: 0.81 vs FRA:LTP: 1.52

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.

LTC Properties's adjusted book value per share data for the three months ended in Mar. 2025 was €19.390. 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 €21.64 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


LTC Properties Cyclically Adjusted PB Ratio Historical Data

The historical data trend for LTC Properties'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.

LTC Properties Cyclically Adjusted PB Ratio Chart

LTC Properties Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.05 1.67 1.62 1.42 1.50

LTC Properties Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.42 1.50 1.59 1.50 1.52

Competitive Comparison of LTC Properties's Cyclically Adjusted PB Ratio

For the REIT - Healthcare Facilities subindustry, LTC Properties'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.


LTC Properties's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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


;
;

LTC Properties 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.

LTC Properties's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.34/21.64
=1.45

* 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.

LTC Properties's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, LTC Properties's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=19.39/134.9266*134.9266
=19.390

Current CPI (Mar. 2025) = 134.9266.

LTC Properties Quarterly Data

Book Value per Share CPI Adj_Book
201506 15.556 100.684 20.847
201509 15.598 100.392 20.964
201512 16.117 99.792 21.791
201603 15.932 100.470 21.396
201606 16.646 101.688 22.087
201609 16.825 101.861 22.287
201612 17.888 101.863 23.694
201703 17.795 102.862 23.342
201706 17.033 103.349 22.237
201709 16.042 104.136 20.785
201712 16.126 104.011 20.919
201803 15.418 105.290 19.758
201806 17.302 106.317 21.958
201809 17.631 106.507 22.336
201812 18.297 105.998 23.291
201903 17.366 107.251 21.847
201906 17.349 108.070 21.661
201909 17.941 108.329 22.346
201912 17.590 108.420 21.890
202003 18.406 108.902 22.805
202006 17.625 108.767 21.864
202009 16.668 109.815 20.480
202012 16.075 109.897 19.736
202103 16.141 111.754 19.488
202106 15.894 114.631 18.708
202109 16.073 115.734 18.738
202112 16.559 117.630 18.994
202203 16.894 121.301 18.792
202206 18.812 125.017 20.303
202209 20.029 125.227 21.580
202212 18.952 125.222 20.421
202303 18.926 127.348 20.052
202306 18.382 128.729 19.267
202309 18.676 129.860 19.405
202312 18.784 129.419 19.583
202403 18.843 131.776 19.293
202406 18.993 132.554 19.333
202409 18.963 133.029 19.234
202412 20.158 133.157 20.426
202503 19.390 134.927 19.390

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.


LTC Properties  (FRA:LTP) 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.


LTC Properties Cyclically Adjusted PB Ratio Related Terms

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


LTC Properties Business Description

Industry
Traded in Other Exchanges
Address
3011 Townsgate Road, Suite 220, Westlake Village, CA, USA, 91361
LTC Properties Inc is a healthcare facility real estate investment trust. The company operates one segment that works to invest in seniors housing and healthcare facilities through mortgage loans, property lease transactions, and other investments. Its real estate investments includes different types of properties such as Independent living communities, Assisted living communities, Memory care communities, Skilled nursing centers and other types of properties.

LTC Properties Headlines

No Headlines